Document:

Unassociated Document

Exhibit 10.20

SUMMARY OF THE REGISTRANT’S NON-EMPLOYEE DIRECTOR
COMPENSATION

The Company pays each of its
non-employee directors $30,000 annually or $60,000 annually to its Chairman. In addition, non-employee directors receive the following
committee-related fees annually: (1) $7,500 for participating on the Audit Committee or $15,000 for chairing the committee; (2) $5,000 for
participating on the Compensation Committee or $15,000 for chairing the committee; and (3) $2,500 for participating on the Nominating and Governance
Committee or $5,000 for chairing the committee.

Upon appointment, non-employee
directors receive a one-time grant of an option to purchase 6,250 shares of common stock. These options vest pro rata over one year. Annually,
non-employee directors receive an option to purchase 5,000 shares of common stock, which also vest pro rata over one year. The exercise price of these
options is the fair market value on the date of grant. Each such option expires seven years after the date of grant under the Company’s 2010 Stock
Incentive Plan.

The Company reimburses its non-employee
directors for reasonable expenses incurred in connection with attending board and committee meetings.Exhibit 4.5

Exhibit 4.5

Execution Version
	
	
	 

ADVANCE AUTO PARTS, INC.
______________________________________

FOURTH SUPPLEMENTAL INDENTURE

Dated as of December 21, 2012
______________________________________

to the

INDENTURE

Dated as of April 29, 2010

among

ADVANCE AUTO PARTS, INC.

as Issuer,

EACH OF THE SUBSIDIARY GUARANTORS FROM 

TIME TO TIME PARTY HERETO

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

	
	
	 

FOURTH SUPPLEMENTAL INDENTURE, dated as of December 21, 2012 (this “Fourth Supplemental Indenture”), to the Indenture, dated as of April 29, 2010 (the “Original Indenture”), among ADVANCE AUTO PARTS, INC., a Delaware corporation (the “Company”), THE SUBSIDIARY GUARANTORS listed on the signature page hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).

WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have heretofore executed and delivered the Original Indenture to provide for the issuance from time to time of Securities (as defined in the Original Indenture) of the Company, to be issued in one or more Series;

WHEREAS, pursuant to the Original Indenture, the Company, the Subsidiary Guarantors and the Trustee have heretofore executed and delivered a (i) first supplemental Indenture, dated as of April 29, 2010, to provide for a Series of Securities (the “First Supplemental Indenture”), (ii) second supplemental indenture, dated as of May 27, 2011, to provide for the release of certain Subsidiary Guarantors (the “Second Supplemental Indenture”) and (iii) third supplemental indenture, dated as of January 17, 2012, to provide for a Series of Securities (the “Third Supplemental Indenture”) (the Original Indenture, as supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture and this Fourth Supplemental Indenture is hereinafter called the “Indenture”);

WHEREAS, Section 4.09 of the Original Indenture provides, among other things, that if any Credit Facility Debt or Capital Markets Debt of the Company or any Subsidiary of the Company is or becomes guaranteed by any Domestic Subsidiary of the Company, then, if such Subsidiary of the Company is not already a Subsidiary Guarantor, the Company shall cause such Subsidiary to execute and deliver to the Trustee a supplemental indenture pursuant to which such Subsidiary shall become a Subsidiary Guarantor;

WHEREAS, Section 9.01(i) of the Original Indenture provides, among other things, that the Company, the Subsidiary Guarantors and the Trustee may enter into indentures supplemental to the Original Indenture for, among other things, the purpose of adding a Guarantee with respect to the Securities; and

WHEREAS, all action on the part of the Company necessary to authorize this Fourth Supplemental Indenture has been duly taken.

NOW, THEREFORE, THIS FOURTH SUPPLEMENTAL INDENTURE WITNESSETH:

That, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee covenant and agree for the equal and ratable benefit of the Holders as follows:

ARTICLE I

Definitions

SECTION 1.02.Definitions.

A.  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Original Indenture.

B.  The rules of interpretation set forth in the Original Indenture shall be applied hereto as if set forth in full herein.

ARTICLE II

Guarantors

SECTION 2.02.Subsidiary Guarantors.  From this date, in accordance with Sections 4.09 and 10.01 of the Indenture and by executing this Fourth Supplemental Indenture, the Subsidiary Guarantors whose signatures appear below are subject to the provisions of the Indenture to the extent provided for in Article 10 thereof.

ARTICLE III

Miscellaneous

SECTION 3.01 Ratification of Original Indenture; Supplemental Indentures Part of Original Indenture.  Except as expressly amended hereby, the Original Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Fourth Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby.

SECTION 3.02 Concerning the Trustee.  The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.  The Trustee makes no representations as to the validity or sufficiency of this Third Supplemental Indenture.

SECTION 3.03 Counterparts.  This Fourth Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.  The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

SECTION 3.04 GOVERNING LAW.  THIS FOURTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK 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.  

 

IN WITNESS WHEREOF, the parties have caused this Fourth Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the date first above written.

	
		
	ADVANCE AUTO PARTS, INC.,

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief Financial Officer

	 
	 

	
		
	AAP FINANCIAL SERVICES, INC.

	     By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: President, Chief Financial Officer

	 

	 

	AAP AUTO BUSINESS SUPPORT, LLC

	     By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: President, Chief Financial Officer, Assistant Secretary

	
		
	ADVANCE AUTO INNOVATIONS, LLC

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Treasurer, Assistant Secretary

	 
	 

[Supplemental Indenture - Signature Page]

	
		
	ADVANCE AUTO OF PUERTO RICO, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Treasurer, Assistant Secretary

	 
	 

	
		
	ADVANCE E-SERVICE SOLUTIONS, INC.

	     By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief Financial Officer, Assistant Secretary

	 

	 

	ADVANCE PATRIOT, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: President, Treasurer, Assistant Secretary

	 
	 

	
		
	ADVANCE STORES, COMPANY,
INCORPORATED

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief Financial Officer, Assistant Secretary

	 
	 

[Supplemental Indenture - Signature Page]

	
		
	ADVANCE TRUCKING CORPORATION

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief Financial Officer, Assistant Secretary

	 
	 

	
		
	AUTOPART INTERNATIONAL, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Vice President, Chief Financial
Officer, Assistant Clerk

	 

	 

	CROSSROADS GLOBAL TRADING CORP.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief
Financial Officer, Treasurer, 
Assistant Secretary

	 
	 

	 
	 

	DISCOUNT AUTO PARTS, LLC

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Vice President, Treasurer,
Assistant Secretary

	 
	 

[Supplemental Indenture - Signature Page]

	
		
	DRIVERSIDE, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief
Financial Officer, Assistant
Secretary

	 
	 

	 
	 

	E-ADVANCE, LLC

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, 
Treasurer, Assistant Secretary

	 
	 

	 
	 

	MOTOLOGIC, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: Executive Vice President, Chief 
Financial Officer, Assistant 
Secretary

	 
	 

	 
	 

	TTR, INC.

	By

	 
	/s/ Michael Norona

	 
	Name: Michael Norona

	 
	Title: President, Chief Financial Officer, Assistant Secretary

	 
	 

[Supplemental Indenture - Signature Page]

 

	
			
	WELLS FARGO BANK, NATIONAL 
ASSOCIATION, as Trustee

	By

	 
	 

	 
	Name:

	 
	Title:

[Supplemental Indenture - Signature Page]

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