Document:

Assignment and Assumption Agreement dated January 13, 2005

 Exhibit 10.1 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 
  
 This ASSIGNMENT AND ASSUMPTION AGREEMENT (“Agreement”), is entered into as of January 13, 2005, by and between PETCO Holding Co. (“New PETCO”) and PETCO Animal Supplies, Inc. (“Old
PETCO”). 
  
 RECITALS 
  
 WHEREAS, New PETCO and Old PETCO are parties to that certain Agreement and
Plan of Reorganization (the “Merger Agreement”) dated on or about the date hereof; and 
  
 WHEREAS, pursuant to the Merger Agreement, Old PETCO and New PETCO have agreed that New PETCO will assume and agree to perform all obligations of Old
PETCO pursuant to Old PETCO’s stock option plans (collectively, the “Plans”), stockholders agreements and other agreements listed on Schedule A hereto, the various stock option agreements pursuant to the Plans, and each outstanding
stock option granted thereunder (collectively, the “Assumed Agreements”). 
  
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained in this Agreement, and intending to be legally bound hereby, Old PETCO and New PETCO hereby agree as follows: 
  
 ASSIGNMENT AND ASSUMPTION 
  
 1. Old PETCO hereby assigns to New PETCO all of its rights and obligations
under the Assumed Agreements. 
  
 2. New PETCO hereby assumes all
of the rights and obligations of Old PETCO under the Assumed Agreements, and agrees to abide by and perform all terms, covenants and conditions of Old PETCO under such Assumed Agreements. In addition, New PETCO agrees that to the extent that any of
the Assumed Agreements contains a provision with respect to a “change of control” or other similar such occurrence of Old PETCO, that such provision shall apply in the event of a “change of control” or other similar such
occurrence of New PETCO. 
  
 3. In consideration of the assumption
by New PETCO of all of the rights and obligations of Old PETCO under the Assumed Agreements, Old PETCO agrees to pay (i) all expenses incurred by New PETCO in connection with the assumption of the Assumed Agreements pursuant to this Agreement and
(ii) all expenses incurred by New PETCO in connection with the registration on Form S-8 of shares of common stock of New PETCO to the extent required in connection with the Plans and Old PETCO’s 401(k) Plan (PETCO Animal Supplies 401(k) plan),
including, without limitation, registration fees imposed by the Securities and Exchange Commission. 
  

 MISCELLANEOUS 
  
 1. Further Assurances. Subject to the terms of this Agreement, the parties hereto shall take all reasonable and
lawful action as may be necessary or appropriate to cause the intent of this Agreement to be carried out, including, without limitation, entering into amendments to the Assumed Agreements and notifying the other parties thereto of such assignment
and assumption. 
  
 2. Governing Law. This Agreement shall
be governed by and construed and enforced under the laws of the State of California. 
  
 3. Counterparts. This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to be an original but all of which shall constitute one and the same agreement.

  
 4. Entire Agreement. This Agreement, including the
Schedules attached hereto, together with the Merger Agreement constitute the entire agreement and supersede all other agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
This Agreement may not be amended or supplemented except by a written document executed by the parties to this Agreement. 
  
 5. Severability. The provisions of this Agreement are severable, and in the event any provision hereof is determined to be invalid or
unenforceable, such invalidity or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions hereof. 
  
 6. Third Party Beneficiaries. The parties to the stockholders agreements, the employment agreements, the various stock option agreements pursuant
to the Plans and the other agreements that constitute Assumed Agreements are intended to be third party beneficiaries to this Agreement. 
  
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 IN WITNESS WHEREOF, New PETCO and Old PETCO have caused this Agreement to be executed as of the date
first written above by their respective officers thereunto duly authorized. 
  

			
	PETCO HOLDING CO. (“New PETCO”)
		
	 By:
	 	 /s/ Rodney Carter

	 Name:
	 	 Rodney Carter

	 Title:
	 	Senior Vice President and Chief Financial Officer
	
	PETCO ANIMAL SUPPLIES, INC. (“Old PETCO”)
		
	By:	 	 /s/ Rodney Carter

	 Name:
	 	 Rodney Carter

	 Title:
	 	Senior Vice President and Chief Financial Officer

  

  
 SCHEDULE A

  
 Agreements to be Assumed by New PETCO

  
 Stock Option Plan and Agreements 
  
 The 1994 Stock Option and Restricted Stock Plan for Executive and Key Employees of the
Company, as amended and restated as of October 2, 2000. 
  
 2002 Incentive Award
Plan of PETCO Animal Supplies, Inc. 
  
 PETCO Animal Supplies, Inc. Non-qualified
Stock Option Agreements. 
  
 PETCO Animal Supplies, Inc. Incentive Stock Option
Agreements. 
  
 PETCO Animal Supplies, Inc. Restricted Stock Agreements.

  
 Stockholders Agreements 
  
 Amended and Restated Stockholders Agreement, dated as of February 19, 2002, by and among the
Company and certain stockholders of the Company. 
  
 Amended and Restated
Securityholders Agreement, dated as of February 19, 2002, by and among the Company and certain securityholders of the Company. 
  
 Other Agreements 
  
 Indemnification Agreements between the Company and its officers and directors.Supplemental Indenture, dated as of January 14, 2005

 Exhibit 10.2 
  
 SUPPLEMENTAL INDENTURE 
 TO BE DELIVERED BY SUBSEQUENT GUARANTORS 
  
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 14, 2005, among PETCO Animal Supplies, Inc., a Delaware corporation formerly known as PETCO Holding Co.
(“Holdings”), the parent corporation of PETCO Animal Supplies Stores, Inc. (or its permitted successor), a Delaware corporation formerly known as PETCO Animal Supplies, Inc. (“Issuer”), E-Pet Services, a subsidiary
of Issuer and a California corporation (“E-Pet CA”), E-Pet Services, LLC, a subsidiary of E-Pet CA and a Virginia limited liability company (“E-Pet VA” and together with Holdings and E-Pet CA, the
“Guaranteeing Subsidiaries” and each a “Guaranteeing Subsidiary”), the other Guarantors (as defined in the Indenture referred to below) and U.S. Bank N.A., as trustee under the indenture referred to below (the
“Trustee”). 
  
 W I T N E S S E T H 
  
 WHEREAS, Issuer has heretofore executed and delivered to the Trustee an
indenture (the “Indenture”), dated as of October 26, 2001, providing for the issuance of 10.75% Senior Subordinated Notes due 2011 (the “Notes”); 
  
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to
the Trustee a supplemental indenture pursuant to which each Guaranteeing Subsidiary shall unconditionally guarantee all of Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note
Guarantee”); and 
  
 WHEREAS, pursuant to Section 9.01 of
the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
  
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Guaranteeing Subsidiary and the Trustee mutually covenant and agree for
the equal and ratable benefit of the Holders of the Notes as follows: 
  
 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
  
 2. Agreement to Guarantee. Each Guaranteeing Subsidiary hereby agrees as follows: 
  

	 	(a)	Along with all Guarantors named in the Indenture, to jointly and severally Guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of Issuer hereunder or thereunder, that: 

  

	 	(i)	the principal of and interest on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue
principal of and interest on the Notes, if any, if lawful, and all other obligations of Issuer to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and

  

	 	(ii)	in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance
with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and
severally obligated to pay the same immediately. 

  

	 	(b)	The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the
same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal
or equitable discharge or defense of a guarantor. 

  

	 	(c)	The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of Issuer, any right to require a
proceeding first against Issuer, protest, notice and all demands whatsoever. 

  

	 	(d)	This Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture. 

  

	 	(e)	If any Holder or the Trustee is required by any court or otherwise to return to Issuer, the Guarantors, or any Custodian, Trustee, liquidator or other similar official acting in
relation to either Issuer or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 

  

	 	(f)	Such Guaranteeing Subsidiary shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of
all obligations guaranteed hereby. 

  

	 	(g)	 As between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed 

  

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hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and
payable) shall forthwith become due and payable by the Guarantors for the purpose of this Note Guarantee. 

  

	 	(h)	The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the
Guarantee. 

  

	 	(i)	The obligations hereunder shall be subject to the subordination provisions set forth in Article 10 of the Indenture. 

  
 3. Execution and Delivery. Each Guaranteeing Subsidiary agrees that
the Note Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
  
 4. Guaranteeing Subsidiary May Consolidate, Etc. on Certain Terms. No Guaranteeing Subsidiary may sell or otherwise dispose of all or substantially
all of its assets, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another corporation, Person or entity whether or not affiliated with such Guarantor except in accordance with the provisions set
forth in the Indenture, including, without limitation, Section 11.05 of the Indenture. 
  
 5. Releases. The Note Guarantee of each Guaranteeing Subsidiary will be released in accordance with the provisions set forth in the Indenture, including, without limitation, Section 11.06 of the Indenture. The
Trustee will provide any written confirmation or evidence of the termination of such Note Guarantee as reasonably required by the Representative. Any Guarantor not released from its obligations under its Note Guarantee shall remain liable for the
full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in Article 11 of the Indenture. 
  
 6. No Recourse Against Others. No director, officer, employee, incorporator or stockholder of any Guaranteeing
Subsidiary, as such, shall have any liability for any obligations of Issuer or any Guaranteeing Subsidiary under the Notes, the Indenture, any Note Guarantee, the Registration Rights Agreement or this Supplemental Indenture or for any claim based
on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes and execution of
this Supplemental Indenture. 
  
 7. New York Law to Govern.
THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY. 
  

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 8. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. 
  
 9. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 
  

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

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written. 
  
 Dated: January 14, 2005

  

					
	 PETCO ANIMAL SUPPLIES, INC.
 (formerly PETCO HOLDING CO.),
 a Delaware corporation

		
	 By:
	 	 /s/ Bruce C. Hall

	 	 	 Name:
	 	 Bruce C. Hall

	 	 	 Title:
	 	 President and Chief Operating Officer

  

					
	 E-PET SERVICES,
 a California corporation

		
	 By:
	 	 /s/ Bruce C. Hall

	 	 	 Name:
	 	 Bruce C. Hall

	 	 	 Title:
	 	 President

  

					
	 E-PET SERVICES, LLC,
 a Virginia limited liability company

		
	 By:
	 	 E-PET SERVICES

	 Its:
	 	 Sole member

  

					
		
	 By:
	 	 /s/ Bruce C. Hall

	 	 	 Name:
	 	 Bruce C. Hall

	 	 	 Title:
	 	 President

  

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	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 /s/ Lori Anne Rosenberg

	 	 	 Name:
	 	 Lori Anne Rosenberg

	 	 	 Title:
	 	 Vice President

  

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