Document:

Warrant Clarification Agreement

 Exhibit 4.1 
 WARRANT CLARIFICATION AGREEMENT 
 This Warrant Clarification Agreement (this
“Agreement”), dated October 19, 2006, is to the Warrant Agreement, dated as of July 18, 2005 (the “Warrant Agreement”), by and between Oakmont Acquisition Corp., a Delaware corporation (the
“Company”), and Continental Stock Transfer & Trust Company, a New York corporation. 
 WHEREAS,
Section 3.3.2 of the Warrant Agreement provides that the Company shall not be obligated to deliver any securities pursuant to the exercise of a warrant unless a registration statement under the Securities Act of 1933, as amended (the
“Securities Act”), with respect to the common stock is effective. 
 WHEREAS, in furtherance of the foregoing, the
Company’s final prospectus, dated July 12, 2005, indicated (i) that no warrant would be exercisable unless at the time of exercise a prospectus relating to the common stock issuable upon exercise of the warrant is current and the
common stock has been registered under the Securities Act or qualified or deemed to be exempt under the securities laws of the state of residence of the holder of the warrant and (ii) that the warrant may be deprived of any value and the market
for the warrant may be limited if the prospectus relating to the common stock issuable upon the exercise of the warrant is not current or if the common stock is not qualified or exempt from qualification in the jurisdictions in which the holder of
the warrant resides. 
 WHEREAS, as a result of certain questions that have arisen regarding the accounting treatment applicable to
the warrants, the parties hereto deem it necessary and desirable to amend the Warrant Agreement to clarify that the registered holders do not have the right to receive a net cash settlement in the event the Company does not maintain a current
prospectus relating to the common stock issuable upon exercise of the warrants at the time such warrants are exercisable. 
 NOW,
THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree to
amend the Warrant Agreement as set forth herein. 
 1. Warrant Agreement. The Warrant Agreement is hereby amended by adding the
following sentence as the penultimate sentence of Section 3.3.2: 
 “Furthermore, if the Company is unable to
deliver any securities pursuant to the exercise of a Warrant as a result of the foregoing situations, the Company will have no obligation to pay such registered holder any cash or other consideration or otherwise “net cash settle” the
Warrant.” 
 2. Miscellaneous. 
 (a) Governing Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts
of law principles that would result in the application of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be

 brought and enforced in the courts of the State of New York or the United States District Court for the Southern District
of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or
summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 of the Warrant Agreement.
Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. 
 (b)
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives, successors and assigns. 
 (c) Entire Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof and
merges and supersedes all prior discussions, agreements and understandings of any and every nature among them. Except as set forth in this Agreement, provisions of the Warrant Agreement which are not inconsistent with this Agreement shall remain in
full force and effect. This Agreement may be executed in counterparts. 
 (d) Severability. This Agreement shall be deemed severable,
and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or
provision, the parties hereto intend that there shall be added as part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 
 IN WITNESS WHEREOF, the parties hereto have executed this Warrant Clarification Agreement as of the date first written above. 
  

			
	OAKMONT ACQUISITION CORP.
		
	By:	 	 /s/ Michael C. Azar

	Name:	 	Michael C. Azar
	Title:	 	President
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
		
	By:	 	 /s/ Felix Orihuela

	Name:	 	Felix Orihuela
	Title:	 	Vice PresidentSupplemental Indenture by and among PETCO Animal Supplies Stores, Inc.

 Exhibit 4.1 
 SUPPLEMENTAL INDENTURE 
 TO THE INDENTURE 
 PETCO ANIMAL SUPPLIES STORES, INC. (FORMERLY KNOWN AS PETCO ANIMAL SUPPLIES, INC.), 
 THE GUARANTORS SIGNATORY HERETO 
 AND 
 U.S. BANK N.A. 
 as Trustee 

 

 SUPPLEMENTAL INDENTURE

 Dated as of October 17, 2006 
 to 
 Indenture 
 Dated
as of October 26, 2001 
 10.75% Senior Subordinated Notes due 2011 

 THIS FIRST SUPPLEMENTAL INDENTURE, dated as of October 17, 2006 (this “Supplemental
Indenture”), is by and among PETCO Animal Supplies Stores, Inc. (formerly known as PETCO Animal Supplies, Inc.), a Delaware corporation (the “Issuer”), the Guarantors and U.S. Bank N.A., as trustee (the
“Trustee”). 
 WHEREAS, the Issuer and the Trustee have entered into that certain Indenture dated as of October 26,
2001 (the “Indenture”), providing for the issuance of 10.75% Senior Subordinated Notes due 2011 (the “Notes”); 
 WHEREAS, the Issuer issued originally $200 million aggregate principal amount of the Notes; 
 WHEREAS, Section 9.02 of
the Indenture provides that the Indenture may be amended with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including consents obtained in connection with a tender offer or exchange for Notes)
(subject to certain exceptions); 
 WHEREAS, the Issuer, has commenced an offer to purchase for cash any or all of the outstanding Notes and
a consent solicitation with respect to the amendments to the Indenture set forth herein (collectively, the “Tender Offer and Consent”), each pursuant to an Offer to Purchase and Consent Solicitation dated as of September 22,
2006. 
 WHEREAS, the Issuer desires and has requested the Trustee to join with it in entering into this Supplemental Indenture for the
purpose of amending the Indenture in certain respects as permitted by Section 9.02 of the Indenture; 
 WHEREAS, the execution and
delivery of this Supplemental Indenture has been authorized by the Board of Directors of the Issuer and of each Guarantor; and 
 WHEREAS,
(1) the Issuer has received the consent of the Holders of a majority in principal amount of the outstanding Notes and has satisfied all other conditions precedent, if any, provided under the Indenture to enable the Issuer and the Trustee to
enter into this Supplemental Indenture, all as certified by an Officers’ Certificate, delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture as contemplated by Section 9.06 of the Indenture,
and (2) the Issuer has delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Section 9.06 of the Indenture;

 NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the benefit of the others and for the equal and
ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Deletion of Definitions and Related
References. Section 1.01 of the Indenture is hereby amended to delete in its entirety all terms and their respective definitions for which all references are eliminated in the Indenture as a result of the amendments set forth in Article
II of this Supplemental Indenture. 
 ARTICLE II 
 AMENDMENTS TO INDENTURE 
 Section 2.1 Amendments to the Indenture. The
Indenture is hereby amended by: 
 (i) deleting the following sections of the Indenture and all references thereto in the
Indenture in their entirety: 
 Section 4.07 (Offer to Repurchase upon Change of Control) 
 Section 4.08 (Assets Sales) 
 Section 4.10 (Restricted Payments) 
 Section 4.11 (Incurrence of Indebtedness and
Issuance of Preferred Stock) 
 Section 4.12 (No Senior Subordinated Debt) 
 Section 4.13 (Liens) 
 Section 4.14 (Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries) 
 Section 4.15 (Transactions with Affiliates) 
 Section 4.16 (Additional Note Guarantees) 
 Section 4.17 (Designation of Restricted and Unrestricted Subsidiaries) 

 Section 4.18 (Limitations on Issuances of Guarantees of Indebtedness) 
 Section 4.19 (Business Activities) 
 Section 4.20 (Reports) 
 Section 5.01 (Merger, Consolidation or Sale of Assets)

 Sections 6.01(c), 6.01(d), 6.01(e), 6.01(f), 6.01(g) and 6.01(h); 
 (ii) amending Section 4.03 of the Indenture, together with all necessary conforming changes to the Indenture, to read in its entirety
as follows: 
 “Section 4.03. TIA Compliance. The Company shall comply with TIA Section 314(a)(4).”

 (iii) adding the following section, together with all necessary conforming changes, to the Indenture as Section 5.01:

 “Section 5.01. Successor Corporation Substituted. Upon any consolidation, combination or merger or any transfer
of all or substantially all of the assets of the Company in which the Company is not the surviving or continuing corporation, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, lease or
transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company hereunder and the Notes with the same effect as if such surviving entity had been named as such.” 
 ARTICLE III 
 MISCELLANEOUS
PROVISIONS 
 Section 3.1 Indenture. Except as amended hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated
and delivered under the Indenture shall be bound by the Indenture as amended hereby. Subject to Section 12.01 of the Indenture, in the case of conflict between the Indenture and this Supplemental Indenture, the provisions of this Supplemental
Indenture shall control. 
 Section 3.2 Severability. In case any provision in this Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 3.3 Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture. 
 Section 3.4 Effect of Headings. The Article and Section headings used herein are for convenience only and shall not
affect the construction of this Supplemental Indenture. 
 Section 3.5 Trustee Makes No Representations. The
Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 
 Section 3.6 Certain
Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording
protection to the Trustee, whether or not elsewhere herein so provided. 
 Section 3.7 Governing Law. THIS
SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, INCLUDING WITHOUT LIMITATION, SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 Section 3.8 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 one and the same agreement. 
 Section 3.9 Successors. All
agreements of the Issuer, the Guarantors and the Trustee in this Supplemental Indenture and the Notes shall bind their respective successors. 
 Section 3.10 Effectiveness. The provisions of Articles I and II of this Supplemental Indenture shall be effective as of the date first above written and shall become operative on the date on which the Issuer
accepts not less than a majority in aggregate principal amount of the Notes then outstanding pursuant to the Tender Offer and Consent and provides written notice to the Trustee of such acceptance. 

 Section 3.11 Endorsement and Change of Form of Notes. Any Notes authenticated
and delivered after the close of business on the date that this Supplemental Indenture becomes effective may be affixed to, stamped, imprinted or otherwise legended by the Trustee, with a notation as follows: 
 “Effective as of [                ], 2006, the
restrictive covenants of the Indenture and certain of the Events of Default have been eliminated, as provided in the Second Supplemental Indenture, dated as of
[                ], 2006. Reference is hereby made to said Second Supplemental Indenture, copies of which are on file with the Trustee, for a description of the
amendments made therein.” 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed as of the day and year written above. 
  

					
	PETCO ANIMAL SUPPLIES STORES, INC.
		
	By:	 	/s/ Bruce C. Hall
		 	Name:	 	Bruce C. Hall
		 	Title:	 	President
	
	U.S. BANK N.A., as Trustee
		
	By:	 	/s/ Raymond S. Haverstock
		 	Name:	 	Raymond S. Haverstock
		 	Title:	 	Vice President
	
	GUARANTORS:
	
	PETCO SOUTHWEST, L.P., as Guarantor
		
	By:	 	 PETCO ANIMAL SUPPLIES STORES, INC., its
 General Partner

		
	By:	 	/s/ Bruce C. Hall
		 	Name:	 	Bruce C. Hall
		 	Title:	 	President
	
	E-PET SERVICES, LLC
		
	By:	 	E-PET SERVICES, its Sole member
		
	By:	 	/s/ Bruce C. Hall
		 	Name:	 	Bruce C. Hall
		 	Title:	 	President
	
	 PETCO ANIMAL SUPPLIES, INC.
 PM MANAGEMENT INCORPORATED
 PET
CONCEPTS INTERNATIONAL
 INTERNATIONAL PET SUPPLIES & DISTRIBUTION, INC.
 PETCO SOUTHWEST, INC.
 E-PET SERVICES, each as Guarantors

		
	By:	 	/s/ Bruce C. Hall
		 	Name:	 	Bruce C. Hall
		 	Title:	 	President

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