Document:

EX-10.2

 Exhibit 10.2 

MASTER TRANSACTION AGREEMENT 

This MASTER TRANSACTION AGREEMENT (this “Agreement”), is executed as of June 13, 2019 (the “Effective
Date”), by and between Chewy, Inc., a Delaware corporation (“Chewy”), and PetSmart, Inc., a Delaware corporation (“PetSmart”). Each party hereto may be referred to in this Agreement as a
“Party” or, collectively, the “Parties.” 
 W I T N E S
S E T H: 
 WHEREAS, the Parties are or may in the future be engaged in the business of developing,
manufacturing, distributing, selling and/or providing a range of pet products, supplies and/or services (together with any similar, complementary, related, synergistic, incidental or ancillary thereto, the “Business”) and seek to
cooperate and coordinate their purchasing activities to achieve various benefits including volume discounts and cost reductions; 
 WHEREAS,
Chewy intends to engage PetSmart to provide certain support and other services (the “Support Services”) as set forth in Annex A hereto, as may be amended in writing by the Parties from time to time; 

WHEREAS, PetSmart has provided several guarantees (the “Existing Guarantees”) as set forth in Annex B hereto of
Chewy’s obligations under certain of its agreements and other arrangements (the “Guaranteed Chewy Agreements”), and the Parties seek to agree on the terms under which such guarantees will be provided, including with respect to
any fees (“Guarantee Fees”) that are payable to PetSmart for the provision of any such Existing Guarantees; and 
 WHEREAS,
the Parties recognize that as of the date of this Agreement Chewy is a “restricted subsidiary” under certain of PetSmart’s credit agreements and indentures as set forth in Annex C (“PetSmart Debt
Agreements”) and may be classified as a restricted subsidiary under any future credit facility entered into by PetSmart. 
 NOW,
THEREFORE, in consideration of the promises and the mutual covenants and agreements hereinafter contained, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 For purposes of this Agreement, the following terms shall have the meanings specified in this A: 

“Agreement” shall have the meaning set forth in the Preamble. 

“Business” shall have the meaning set forth in the Preamble. 

“Business Products” shall mean pet food, pet supplies, pet medicines, equipment, raw materials, and any other product or
service that may be offered for sale or used or useful in the Business. 
 “Chewy” shall have the meaning set forth in the
Preamble. 

 “Claims” shall have the meaning set forth in Section 9.11. 

“Confidential Information” shall have the meaning set forth in Article VIII. 

“Control” means the possession, control or ownership, directly or indirectly, by PetSmart or one or more of the subsidiaries
of PetSmart or any combination thereof, of more than 50% of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors of Chewy. 

“Disclosing Party” shall have the meaning set forth in Article VIII. 

“Effective Date” shall have the meaning set forth in the Preamble. 

“Existing Guarantees” shall have the meaning set forth in the Preamble. 

“Force Majeure” shall include conditions beyond the reasonable control of PetSmart, including an act of God, acts of
terrorism, voluntary or involuntary compliance with any regulation, law or order of any government, war, acts of war (whether war be declared or not), labor strike or lock-out, civil commotion, epidemic,
failure or default of public utilities or common carriers, destruction of production facilities or materials by fire, earthquake, storm or like catastrophe. 

“Guaranteed Chewy Agreements” shall have the meaning set forth in the Preamble. 

“Guarantee Fees” shall have the meaning set forth in the Preamble. 

“Joint Purchasing Services” shall mean, to the extent permitted by applicable law, such cooperation and coordination between
the Parties and their Subsidiaries, including by means of information sharing, joint purchasing and similar arrangements, as is necessary or advisable to achieve benefits for each Party including volume discounts and cost reductions relating to the
purchase of Business Products. 
 “Parties” shall have the meaning set forth in the Preamble. 

“PetSmart” shall have the meaning set forth in the Preamble. 

“PetSmart Agreements” shall mean all agreements between PetSmart or any of its subsidiaries and a third party related
services, goods, or other matters that inures in whole or in part to the benefit of Chewy and/or is related to the Support Services, including without limitation any real property lease, license, or other contract. 

“PetSmart Debt Agreements” shall have the meaning set forth in the Preamble. 

“PetSmart Representatives” shall have the meaning set forth in Section 9.11. 

“Receiving Party” shall have the meaning set forth in Article VIII. 

“Required Payment” means any Service Fee or Guarantee Fee that is due and payable in accordance with the terms of this
Agreement. 

  
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 “Service Fee” shall have the meaning set forth in Section 3.3. 

“Subsidiary” of a Party means a corporation, partnership, joint venture, limited liability company or other business entity
of which (i) a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, (ii) more than half of the issued share capital is at the time beneficially owned or (iii) the management of which is otherwise controlled, directly or indirectly, through one or more
intermediaries, or both, by such Party. 
 “Support Services” shall have the meaning set forth in the Preamble. 

“Tax Matters Agreement” shall mean the Tax Matters Agreement expected to be entered into by and between Argos Intermediate
Holdco I, Inc., PetSmart and Chewy on or about June 13, 2019. 
 ARTICLE II 

JOINT PURCHASING SERVICES 

The Parties shall, and shall cause their respective Subsidiaries to, use commercially reasonable efforts to provide to each other at no cost
Joint Purchasing Services and, to the extent permitted by applicable law, shall use commercially reasonable efforts to jointly purchase Business Products if and to the extent such joint purchasing would reduce the cost of such item to either or both
Parties or their respective Subsidiaries without unduly burdening the other Party. 
 The Parties shall also cooperate in good faith with
each other as needed to coordinate, to the extent permitted by applicable law, information sharing and the joint purchasing of Business Products, the provision of Joint Purchasing Services, reviewing and agreeing to the Support Services being
provided, and reviewing the amounts payable by each Party to the other Party under this Agreement. 
 ARTICLE III 

SUPPORT SERVICES 

3.1 Provision of Services. From time to time, Chewy may request that PetSmart provide the Support Services as set forth
herein or as otherwise agreed between the Parties from time to time. 
 3.2 Acceptance of Services. Unless otherwise
agreed to by the Parties, and subject to the terms of this Agreement, acceptance by Chewy of the Support Services shall be deemed to occur upon the provision of the Support Services by PetSmart. 

3.3 Service Fees. In consideration of the Support Services provided by PetSmart under this Agreement, Chewy shall pay to
PetSmart a service fee (“Service Fee”) equal to the direct and indirect costs incurred by PetSmart in providing the Support Services, plus a mark-up equal to fifteen percent (15%), which may
be modified from time to time by the Parties. The Parties may, upon mutual agreement or if required as part of a governmental agency audit, engage a qualified third party to conduct a “transfer pricing report,” as defined in the
regulations pursuant to Section 482 of the Internal Revenue Code, regarding the Services Fee and the Parties may adjust such fee as may be appropriate based on the findings of such transfer pricing report. 

  
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 3.4 Purchase or Sale of Goods. A Party may purchase from or sell to the
other Party various goods, equipment, and other assets as agreed to between the Parties from time to time.  
 3.5
Use of Third Parties. PetSmart may hire or engage one or more third parties to perform the Support Services; provided that PetSmart will in all cases remain responsible for all of its obligations under this Agreement. Under no
circumstances will Chewy be responsible for making any payments directly to any third Party engaged by PetSmart unless it is otherwise obligated to make such direct payment under a PetSmart Agreement. 

3.6 Allocated Costs and/or Expenses. The following costs and/or expenses shall be allocated by PetSmart to Chewy in a
commercially reasonable manner to be determined by PetSmart, subject to reallocation in connection with any “transfer pricing report” prepared consistently with the provisions of Section 3.3. Any costs and/or
expenses allocated to Chewy pursuant to this Section 3.6 shall be included in the Service Fee but shall not be subject to any mark-up. 

(a) Costs and/or expenses for preparing any consolidated, combined or unitary Tax Return (as defined in the Tax Matters
Agreement). 
 (b) Costs and/or expenses paid or payable to a third party for goods, services, or products covering both
Parties. 
 ARTICLE IV 

PROVISION OF GUARANTEES 

In consideration of the Existing Guarantees provided by PetSmart, Chewy shall pay to PetSmart on a quarterly basis a recurring Guarantee Fee
equal to fifty basis points (50bps) of the aggregate outstanding amount of all Existing Guarantees that are outstanding for all or any part of the calendar quarter preceding the calendar quarter in which such fee is payable. 

ARTICLE V 
 COMPLIANCE
WITH AGREEMENTS 
 Chewy agrees, represents, and warrants that it shall at all times comply with the terms and conditions, to the extent
Chewy is aware of such terms and conditions, of this Agreement, the Guaranteed Chewy Agreements, the PetSmart Agreements, and the PetSmart Debt Agreements, including without limitation: 

(i) Chewy agrees that so long as Chewy is classified as a “restricted subsidiary” under the terms of any PetSmart
Debt Agreement, it shall take no action nor omit to take any action which may reasonably cause a violation of any of the representations, warranties, covenants or other terms of such PetSmart Debt Agreement or any future credit facility or
indebtedness, to which PetSmart or any Subsidiarity may in future become a party and under which Chewy is a “restricted subsidiary”. 

  
 4 

 (ii) Chewy shall comply with the terms of each Guaranteed Chewy Agreement
for so long as the Existing Guarantee pertaining to such Guaranteed Chewy Agreement is effective. 
 PetSmart shall use commercially
reasonably efforts to notify Chewy of any obligations imposed on Chewy under a PetSmart Agreement or PetSmart Debt Agreement. 
 So long as PetSmart and
Chewy are considered to be within a “controlled group” for purposes of any employee benefit plan, the Parties shall cooperate with each other prior to taking any material action that could have an adverse impact on, or increase the costs
to, the other Party or such employee benefit plan. 
 ARTICLE VI 

PAYMENT TERMS 

6.1 Payment Terms. The Service Fee shall be recorded on a financial monthly basis and be due and payable by Chewy to
PetSmart no later than thirty (30) days following the end of each PetSmart fiscal quarter. The Guarantee Fee shall be due and payable by Chewy to PetSmart no later than thirty (30) days following the end of each calendar quarter. All
payments shall be made in U.S. dollars without set off. 
 6.2 Withholding Taxes. All payments due under this Agreement
shall be subject to all applicable withholding taxes. To the extent that any such taxes are required to be withheld from payments made under this Agreement, such amounts shall be treated for all purposes as having been paid by Chewy to PetSmart.
Chewy shall promptly furnish to PetSmart a copy of any receipt for such taxes issued by the applicable taxing authority. The Parties agree to use commercially reasonable efforts to the extent legally permissible to minimize any withholding taxes.

 ARTICLE VII 
 TERM
AND TERMINATION 
 7.1 Term of Agreement. This Agreement is effective as of the Effective Date and shall remain in
effect until terminated as provided in Section 7.2 below. (the “Term”). 
 7.2 Termination by Agreement
or Notice. This Agreement may be terminated (a) by mutual agreement of the Parties or (b) by either Party hereto on thirty (30) days’ notice to the other Party. PetSmart may terminate this Agreement immediately if Chewy
is in violation of any Guaranteed Chewy Agreement, PetSmart Agreement, or PetSmart Debt Agreement and Chewy does not cure such violation within the time-period set forth in such Guaranteed Chewy Agreement, PetSmart Agreement, or PetSmart Debt
Agreement, as applicable. Either Party may terminate this Agreement immediately upon written notice to the other Party if: 

(i) the other Party voluntarily files a petition (or a petition has been filed against it) under applicable bankruptcy or
insolvency laws; 

  
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 (ii) a receiver or other custodian is appointed to administer or conduct
such a material part of the other Party’s business or affairs; 
 (iii) the other Party winds up, dissolves, liquidates
or otherwise ceases to function as a going concern; or 
 (iv) a Party is in violation of any other agreement between it and
the other Party and such violating Party does not cure such violation within the time-period set forth in such agreement. 
 7.3
Effect of Termination and Survival. Upon the termination of this Agreement: 
 (a) such payments as shall be due
from Chewy to PetSmart as of such termination date shall be recoverable without prejudice; and 
 (b) any remedy for any
breach or default which has not previously been cured shall be preserved. 
 Any provisions of this Agreement creating obligations extending beyond the Term
of this Agreement will survive the expiration or termination of this Agreement, including without limitation Articles III, V, VI, VIII, and IX. 

ARTICLE VIII 

CONFIDENTIALITY 
 The
Parties acknowledge that, from time to time, one Party (the “Disclosing Party”) may disclose to the other Party (the “Receiving Party”) confidential information relating to the Disclosing Party’s business,
products and services or otherwise relating to the Disclosing Party that is of a confidential and proprietary nature (including any information that is marked as “proprietary” or “confidential” or which would, under the
circumstances, be understood by a reasonable person to be proprietary and nonpublic) (“Confidential Information”). The Receiving Party shall retain such Confidential Information in confidence and shall not disclose it to any third
party without the Disclosing Party’s prior written consent. Each Party shall use at least the same procedures and degree of care that it uses to protect its own Confidential Information of like importance, and in no event less than reasonable
care, to protect the confidentiality of the other Party’s Confidential Information. Each Party may disclose the Confidential Information of the other Party to: (a) its subsidiaries, any parent company and its and their respective
employees, managers and directors and (b) as required under applicable law or regulation or by order of a competent governmental authority. In addition, PetSmart may disclose Confidential Information to the extent required by any PetSmart Debt
Agreement. Notwithstanding the foregoing, Confidential Information will not include information to the extent that such information: 

(i) was already known by the Receiving Party without an obligation of confidentiality at the time of disclosure hereunder; 

(ii) was generally available to the public at the time of its disclosure to the Receiving Party other than by a breach of
confidentiality; 

  
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 (iii) became generally available to the public after its disclosure other
than through an act or omission of the Receiving Party in breach of this Agreement; 
 (iv) was subsequently lawfully and
independently disclosed to the Receiving Party by a Person without a duty of confidentiality other than the Disclosing Party; or 

(v) was independently developed by the Receiving Party outside of this Agreement. 

ARTICLE IX 

MISCELLANEOUS 
 9.1
Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of Delaware without regard to any conflicts of law provisions that would result in the application of the laws of any other
jurisdiction. 
 9.2 Further Actions. Each of the Parties will take all such lawful action as may be necessary or
appropriate to effect the transactions described in this Agreement. 
 9.3 Binding Effect. This Agreement shall be
binding upon and shall inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 
 9.4
Counterparts. For the convenience of the parties hereto, any number of counterparts hereof may be executed and each such counterpart shall be deemed to be an original instrument. 

9.5 Assignment. Except as otherwise provided in this Agreement, no Party shall, without the prior written consent of the
other Party, assign or transfer any of its rights or obligations under this Agreement to any third party, and any attempt at such assignment without such written consent shall be voided. No such consent shall be required in connection with any
assignment or transfer of a Party’s rights or obligations under this Agreement to an affiliate, provided that such Party shall provide notice of such assignment to the other Party within thirty (30) days following such assignment. 

9.6 Relationship of the Parties. Nothing in the Agreement shall be construed: (a) to give either Party the power to
direct or control the daily activities of the other Party, or (b) to constitute the Parties as principal and agent, employer and employee, franchiser and franchisee, partners, joint venturers, co-owners
or otherwise as participants in a joint undertaking. Neither Party is the agent of the other Party nor is a Party authorized to make any representation, contract, or commitment on behalf of the other Party unless specifically requested or authorized
to do so by the other Party. 
 9.7 Entire Agreement. This Agreement sets forth the entire agreement and understanding
between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations and agreements, written, oral or implied, between them relating to the subject matter hereof, and none of the Parties shall be bound by
any conditions, definitions, warranties, understandings or representations with respect to such subject matter except as expressly provided herein or as duly set forth on or subsequent to the date hereof, in writing and signed by a proper and duly
authorized officer or representative of each of the Parties. 

  
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 9.8 Warranty Disclaimer. PETSMART MAKES NO EXPRESS OR IMPLIED
REPRESENTATIONS OR WARRANTIES, INCLUDING, WITHOUT LIMITATION, THE WARRANTIES IMPLIED BY LAW OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, REGARDING THIS AGREEMENT, OR THE PERFORMANCE OF THE SUPPORT SERVICES CONTEMPLATED BY THIS
AGREEMENT. 
 9.9 Limitation of Liability. PetSmart will not be liable to Chewy or to any other person or entity
for any losses, costs or damages caused by, attributable to or arising in connection with the performance, nonperformance or delayed performance of the Support Services to be provided to Chewy as contemplated by this Agreement, except for such
losses, costs or damages attributable to PetSmart’s bad faith, gross negligence or willful misconduct for which damages PetSmart will be liable. Notwithstanding the foregoing, PetSmart shall not be liable for any special, indirect,
consequential or punitive damages in connection with the provision of Support Services to Chewy even if PetSmart has been advised of the possibility of such damages. PetSmart will not be liable for any failure to perform or any delay in the
performance of its obligations hereunder due to Force Majeure. PetSmart may decline to provide any Support Services in its sole discretion. 

9.10 Indemnification. Chewy agrees to protect, defend, hold harmless and indemnify PetSmart, its Subsidiaries and
its and their respective successors, assigns, directors, officers, stockholders, members, employees and agents (collectively, the “PetSmart Representatives”), from and against any and all claims, demands, actions, liabilities,
damages, losses, fines, penalties, costs and expenses, including reasonable attorneys’ fees (collectively referred to as “Claims”), actually or allegedly, directly or indirectly, arising out of or related to any breach or
allegation of a breach of this Agreement caused or alleged to have been caused by Chewy or a Chewy Representative (as defined below). Notwithstanding the foregoing, except to the extent PetSmart has an indemnification obligation to a third
party, including without limitation under any Guaranteed Chewy Agreement, PetSmart Agreement, or PetSmart Debt Agreement, Chewy shall not be liable for any special, indirect, consequential or punitive damages in connection with any Claim even if
Chewy has been advised of the possibility of such damages. 
 PetSmart agrees to protect, defend, hold harmless and indemnify Chewy, its Subsidiaries and
its and their respective successors, assigns, directors, officers, stockholders, members, employees and agents (collectively, the “Chewy Representatives”), from and against any and all Claims, actually or allegedly, directly or
indirectly, arising out of or related to any breach or allegation of a breach of this Agreement caused or alleged to have been caused by PetSmart or a PetSmart Representative. Notwithstanding the foregoing, except to the extent Chewy has an
indemnification obligation to a third-party, PetSmart shall not be liable for any special, indirect, consequential or punitive damages in connection with any Claim even if PetSmart has been advised of the possibility of such damages. 

9.11 No Waiver. The failure of any Party to insist on strict performance of a covenant hereunder or of any obligation
hereunder shall not be a waiver of such Party’s right to demand strict compliance therewith in the future. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective duly authorized officers or representatives, as of the date first written above. 
  

			
	CHEWY, INC.
		
	By:  	 	 /s/ Susan Helfrick

		 	 Name: Susan Helfrick
 Title:
General Counsel

  

			
	PETSMART, INC.
		
	By:  	 	 /s/ Alan M. Schnaid

		 	 Name: Alan M. Schnaid
 Title:
Executive Vice President and Chief
 Financial Officer 

 Signature Page to Master Transaction Agreement 

 ANNEX A 

DESCRIPTION OF SUPPORT SERVICES 
  

	 	•	 	 Chewy’s use of specified facilities leased by PetSmart or its subsidiaries 

 

	 	•	 	 PetSmart assistance in coordinating the administration or testing of any 401(k) or similar employee benefit plan
under which the Parties are deemed to be within the same “control group”, but excluding any health and wellness plans 

  

	 	•	 	 Chewy’s inclusion on specified insurance and similar policies obtained by PetSmart and claims management
assistance 

  

	 	•	 	 Management support, as agreed between Chewy and PetSmart from time to time 

 

	 	•	 	 Corporate filings and other specified administrative support, including: 

 

	 	•	 	 Business licenses and registrations 

 

	 	•	 	 Annual state and local corporate filings/reports 

 

	 	•	 	 Tax filings other than Tax Returns prepared on a consolidated, combined, or unitary basis, which costs and/or
expenses are allocated pursuant to Section 3.6 

  

	 	•	 	 Excluding any filings with the Securities and Exchange Commission or other agencies related to Chewy being a
publicly traded company 

  

	 	•	 	 Procurement support 

  

	 	•	 	 Other corporate or administrative support services as agreed to in writing by the Parties 

  
 A-1 

 ANNEX B 

EXISTING GUARANTEES 
  

	 	•	 	 Corporate Guarantee by PetSmart in favor of Euler Hermes North American Insurance Company and the current and
future suppliers of the Chewy, in accordance with the terms and conditions set out in the Corporate Guarantee Agreement dated August 8, 2018. 

  

	 	•	 	 Guarantee by PetSmart in favor of NP Goodyear AZ Industrial, LLC, in accordance with the terms and conditions set
out in the Limited Guaranty of Payment dated August 16, 2017. 

  

	 	•	 	 Guarantee effective as of August 13, 2018 by PetSmart in favor of Harbor Capital Leasing, Inc.

  

	 	•	 	 Guarantee by PetSmart in favor of NP Dayton Chewy, LLC, in accordance with the terms and conditions set out in
the Limited Guaranty of Payment dated July 27, 2018. 

  

	 	•	 	 Guarantee by PetSmart in favor of NP Salisbury Industry, LLC in accordance with the terms and conditions set out
in the Limited Guaranty of Payment dated April, 2019. 

  
 B-1 

 ANNEX C 

PETSMART DEBT AGREEMENTS 
  

	 	•	 	 Credit Agreement, dated March 11, 2015, as amended from time to time, among Argos Holdings Inc., PetSmart,
the lenders from time to time party thereto and Wilmington Trust, National Association, as administrative agent and collateral agent. 

  

	 	•	 	 ABL Credit Agreement, dated as of March 11, 2015, as amended from time to time, by and among Argos Holdings
Inc., PetSmart, PETM Canada Corporation, the lenders from time to time party thereto, Citibank, N.A., as administrative agent and collateral agent. 

  

	 	•	 	 Indenture, dated as of May 31, 2017, as amended and supplemented from time to time, among PetSmart, the
guarantors party thereto and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as trustee and collateral agent, related to the PetSmart’s 5.875% Senior First Lien Notes due 2025. 

 

	 	•	 	 Indenture, dated as of May 31, 2017, as amended and supplemented from time to time, among PetSmart, the
guarantors party thereto and the Trustee, as trustee, related to the Issuer’s 8.875% Senior Notes due 2025. 

  

	 	•	 	 Indenture, dated as of March 4, 2015, as amended and supplemented from time to time, among the Issuer, the
guarantors party thereto and the Trustee, as trustee, related to PetSmart’s 7.125% Senior Notes due 2023. 

  
 C-1EX-10.3

 Exhibit 10.3 

TAX MATTERS AGREEMENT 

BY AND BETWEEN 
 ARGOS
INTERMEDIATE HOLDCO I INC., 
 PETSMART, INC. 

AND 
 CHEWY, INC.

 Dated as of June 13, 2019 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I
	  	 	1	 
	 Section 1.01
	  	Definitions	  	 	1	 
		
	 ARTICLE II
	  	 	4	 
	 Section 2.01
	  	Separate Tax Liabilities	  	 	4	 
	 Section 2.02
	  	Allocation of Consolidated Federal Tax Liability and Use of Attributes	  	 	4	 
	 Section 2.03
	  	Treatment of Income from Cancellation of Indebtedness	  	 	5	 
	 Section 2.04
	  	Pre-IPO Tax Attributes	  	 	5	 
	 Section 2.05
	  	Estimated Tax Payments	  	 	5	 
	 Section 2.06
	  	Calculations; Timing	  	 	6	 
	 Section 2.07
	  	Adjustments	  	 	6	 
	 Section 2.08
	  	Non-U.S. Federal Income Taxes	  	 	6	 
		
	 ARTICLE III
	  	 	6	 
	 Section 3.01
	  	Tax Return Preparation	  	 	6	 
	 Section 3.02
	  	Refunds	  	 	8	 
		
	 ARTICLE IV
	  	 	8	 
	 Section 4.01
	  	Audits	  	 	8	 
		
	 ARTICLE V
	  	 	9	 
	 Section 5.01
	  	Cooperation: Tax Information	  	 	9	 
	 Section 5.02
	  	Retention of Records	  	 	10	 
		
	 ARTICLE VI
	  	 	10	 
	 Section 6.01
	  	Interpretation of Agreement and Resolution of Disputes	  	 	10	 
	 Section 6.02
	  	Miscellaneous	  	 	11	 

 TAX MATTERS AGREEMENT 

This Tax Matters Agreement (this “Agreement”), dated as of June 13, 2019, is entered into by and between Argos
Intermediate Holdco I Inc., a Delaware corporation (“Parent”), PetSmart, Inc., a Delaware corporation (“PetSmart”) and Chewy, Inc., a Delaware corporation (“Chewy”) (each a “Party”
and, collectively, the “Parties”). 
 RECITALS 

WHEREAS, Chewy Group Members (as defined below) file Income Tax Returns (as defined below) on a consolidated, combined and/or unitary
basis for certain federal, state, local and non-U.S. Income Tax (as defined below) purposes; 

WHEREAS, PetSmart Group Members (as defined below) file Income Tax Returns on a consolidated, combined and/or unitary basis for certain
federal, state, local and non-U.S. Income Tax purposes; 
 WHEREAS, PetSmart prepares and
files, or causes to be prepared and filed, the Income Tax Returns of each PetSmart Group Member and each Chewy Group Member, whether or not such PetSmart Group Member or Chewy Group Member files such Income Tax Return on a consolidated, combined or
unitary basis with any Parent Group Member; 
 WHEREAS, Chewy intends to undertake an initial public offering (the
“IPO”); 
 WHEREAS, in contemplation of the IPO, Parent, PetSmart and Chewy desire to (i) agree upon the method
of determining the financial consequences to each Party resulting from the preparation and filing of Tax Returns, (ii) provide for the payment of Tax liabilities associated with Tax Returns and entitlement to refunds thereof,
(iii) allocate responsibility for, and cooperation in, the filing and defense of Tax Returns and (iv) provide for certain other matters relating to Taxes. 

ARTICLE I 

Section 1.01 Definitions. For purposes of this Agreement, the following capitalized terms shall have the
meanings set forth below: 
 “Accounting Firm” shall mean a recognized independent public accounting firm, mutually
agreed upon by the Parties. 
 “Adjustment” shall mean any final change in the Tax liability of any Person. 

“Chewy Group” shall mean, collectively, Chewy and its subsidiaries that are part of any consolidated, combined, or
unitary tax group that includes Chewy. With respect to any Taxable Period beginning before the IPO, the Chewy Group shall be determined as if the Chewy Group came into existence on the first day of such Taxable Period. 

 “Chewy Group Member” shall mean each Entity in the Chewy Group
(including, for the avoidance of doubt, any entity that is a “disregarded entity” for U.S. federal income tax purposes). 
 “Chewy
Separate Tax Liability” shall have the meaning provided in Section 2.01. 
 “Code” shall mean
the Internal Revenue Code of 1986, as amended, and any rules or regulations promulgated thereunder. 
 “Control” shall
mean the possession, control or ownership, directly or indirectly, by Parent or one or more of the subsidiaries of Parent or any combination thereof, of more than 50% of the total voting power of shares of capital stock entitled to vote in the
election of directors of Chewy. 
 “Due Date” means, with respect to any Tax Return, and as context requires, either
(a) the date any payment would be owed to the applicable Taxing Authority with respect to such Tax Return, or (b) the date a Tax Return must be filed with an applicable Taxing Authority, in each case, taking into account any available
extension of time actually requested for the filing of a Tax Return. 
 “Entity” shall mean a partnership (whether
general or limited), a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or any other entity, without regard to whether it is treated as a disregarded entity for
U.S. federal tax purposes. 
 “Final Determination” shall mean the final resolution of any Tax matter, including, but
not limited to, a closing agreement with the IRS or other relevant Taxing Authority, a claim for refund which has been allowed, a recovery of an erroneously-granted refund, a deficiency notice with respect to which the period for filing a petition
with the United States Tax Court or the relevant foreign, state or local tribunal has expired, or a decision of any court of competent jurisdiction that is not subject to appeal or as to which the time for appeal has expired. 

“Income Tax Return” shall mean any Tax Return filed or required to be filed with any Taxing Authority with respect to
Income Taxes. 
 “Income Taxes” shall mean all Taxes imposed on or measured in whole or in part by income, capital or
net worth or a taxable base in the nature of income, capital or net worth, including franchise Taxes based on such factors, and shall include any addition to Tax, additional amount, interest and penalty imposed with respect to such Taxes. For the
avoidance of doubt, Income Taxes do not include sales, use, real or personal property, or transfer or similar Taxes. 
 “IPO
Date” shall mean the date Chewy undertakes the IPO. 
 “IRS” shall mean the United States Internal
Revenue Service or any successor thereto, including but not limited to its agents, representatives and attorneys. 
 “Parent Consolidated
Group” shall mean, collectively, Parent and its subsidiaries that are part of any consolidated, combined, or unitary tax group that includes Parent (including, for the avoidance of doubt, any entity that is a “disregarded
entity” for U.S. federal income Tax purposes, any PetSmart Group Member and any Chewy Group Member). 

  
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 “Parent Group” shall mean the Parent Consolidated Group, but excluding any Chewy
Group Member. 
 “Parent Group Member” shall mean each Entity in the Parent Group. 

“Parent Separate Tax Liability” shall have the meaning provided in Section 2.01. 

“Person” shall mean an individual or any Entity. 

“PetSmart Group Member” shall mean, collectively, PetSmart and its subsidiaries that are part of any consolidated,
combined, or unitary tax group that includes PetSmart (including, for the avoidance of doubt, any Entity that is a “disregarded entity” for U.S. federal income Tax purposes), but excluding any Chewy Group Member. 

“Refund” shall mean any refund (or credit in lieu thereof) of Taxes (including any overpayment of Taxes that can be
refunded or, alternatively, applied to other Taxes payable), including any interest paid on or with respect to such refund of Taxes. 

“Schedule” shall have the meaning provided in Section 2.06. 

“Tax” or “Taxes” means any and all U.S. federal, state or local, or non-U.S., income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social
security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, estimated, or other tax of any kind whatsoever (including any assessment, duty, fee or other charge in the nature of or in lieu of
any such tax) and any interest, penalty, or addition thereto, whether disputed or not. 
 “Tax Attributes” shall mean
net operating losses, capital losses, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, separate limitation losses, excess business interest and any other losses,
deductions, credits or other comparable items that could reduce a Tax liability for a past or future taxable period. 
 “Tax
Proceeding” means any audit, assessment, pre-filing agreement, other examination by any Taxing Authority, proceeding, appeal of a proceeding or litigation, whether administrative or
judicial, including proceedings relating to competent authority determinations, in each case, relating to Taxes. 
 “Tax
Return” shall mean any return, report, form, declaration or other information filed or required to be filed with any Taxing Authority with respect to Taxes, including elections, estimates or amendments thereof, and any
attachment, exhibit, schedule or supplement thereto. 
 “Taxable Period” shall mean any taxable year or portion
thereof. 
 “Taxing Authority” shall mean, with respect to any Tax, the government or governmental or regulatory body
thereof, or political subdivision thereof, whether federal, state, local or foreign, or any agency, instrumentality or authority thereof, that imposes such Tax and the agency (if any) charged with the collection of such Tax, including the IRS. 

  
 3 

 “Treasury Regulations” shall mean the proposed, final, and temporary
income United States Treasury Regulations promulgated by the United States Department of Treasury pursuant to and in respect of the Code. All references to any particular Treasury Regulations shall be interpreted to include any corresponding
provisions of succeeding, similar or substitute, final or temporary Treasury Regulations. 
 ARTICLE II 

Section 2.01 Separate Tax Liabilities. 

(a) In General. The Chewy Group shall be solely responsible for any Tax of a Chewy Group Member (and any other direct
or indirect subsidiary of Chewy) that is not determined on a consolidated, combined, or unitary basis with any Parent Group Member (a “Chewy Separate Tax Liability”). The Parent Group shall be solely responsible for any Tax of a
Parent Group Member (and any other direct or indirect subsidiary of Parent, but excluding any Chewy Group Member and any other direct or indirect subsidiary of Chewy) that is not determined on a consolidated, combined, or unitary basis with any
Chewy Group Member (a “Parent Separate Tax Liability”). 
 (b) Indemnification. In the event the
Chewy Group is required to pay any Parent Separate Tax Liability, or the Parent Group is required to pay any Chewy Separate Tax Liability, then the Parent Group or the Chewy Group, as the case may be, shall indemnify the Chewy Group or the Parent
Group, as the case may be, for such Parent Separate Tax Liability or Chewy Separate Tax Liability and any reasonable costs (including accounting and legal fees) incurred in connection with such liability and payment. 

Section 2.02 Allocation of Consolidated Federal Tax Liability and Use of Attributes. 

(a) In General. The consolidated U.S. federal income tax liability (if any) of the Parent Consolidated Group, and use
of Tax Attributes of the Parent Consolidated Group (if any), shall be determined consistent with the provisions of Section 1552(a)(1) of the Code and Treasury Regulations §§ 1.1502-12, 1.1502-33(d)(3), 1.1502-32(b)(3)(iv)(D), and 1.1552-1(a)(1)(ii) applied as if the Parent Consolidated Group consisted of two members:
the Parent Group and the Chewy Group. 
 (b) Allocation of Consolidated Tax Liability. Each of the Parent Group and
the Chewy Group shall be allocated a portion of the consolidated U.S. federal income tax liability (if any) of the Parent Consolidated Group by applying the provisions of Section 1552(a)(1) of the Code, determined utilizing the hypothetical
taxable income of the Parent Group and the Chewy Group calculated in accordance with the provisions of Treasury Regulations §§ 1.1502-12 and
1.1552-1(a)(1)(ii). The amount calculated under this Section 2.02(b) is the amount that the Parent Group and the Chewy Group, as the case may be, must contribute to the payment of the
Parent Consolidated Group’s consolidated U.S. federal income tax liability, with such payment being made in a manner that is consistent with Section 2.06. 

  
 4 

 (c) Additional Payment Obligation. Subject to the limitation in
Section 2.04, in the event the Parent Group or the Chewy Group, as applicable, has a “separate return tax liability” under Treasury Regulations §§ 1.1502-12 and 1.1552-1(a)(1)(ii) that exceeds its portion of the consolidated income tax liability of the Parent Consolidated Group as determined pursuant to Section 2.02(b), then the Parent Group or the
Chewy Group, as applicable, shall pay to the Chewy Group or the Parent Group, as applicable, the amount of such excess, in accordance with Treasury Regulation § 1.1502-32(b)(3)(iv)(D) and in a manner that
is consistent with Section 2.06. This Section 2.02(c) is intended to result in compensation for the use of Tax Attributes attributable to the Parent Group or the Chewy Group, as the case may be, in
the Taxable Period in which they are utilized. 
 (d) Treatment of Compensation. For the avoidance of doubt, to the
extent any employee compensation (including in the form of equity or any equity-like instrument) is issued by the Parent Group or the Chewy Group, as the case may be, the Parent Group or the Chewy Group, as the case may be, shall be entitled to
include any allowable deduction with respect to such employee compensation, without regard to whether the applicable employee is employed by the Parent Group or the Chewy Group; provided, however, that if the Parent Group or the Chewy Group,
as the case may be, compensates the Chewy Group or the Parent Group, as the case may be, for the issuance of such employee compensation, then the Parent Group or the Chewy Group, as the case may be, shall be entitled to such deduction. 

Section 2.03 Treatment of Income from Cancellation of Indebtedness. Notwithstanding anything in
this Agreement to the contrary, for any Taxable Period, a reduction in Tax Attributes resulting from the application of Treasury Regulation § 1.1502-28 shall not give rise to a payment or reimbursement
obligation under this Agreement. 
 Section 2.04 Pre-IPO Tax Attributes.
Notwithstanding anything in this Agreement to the contrary, no payment liability shall arise as a result of any use by the Parent Group in any Taxable Period of net operating losses, capital losses and business credits (excluding, for the avoidance
of doubt, any depreciation, deferred intercompany transactions and intercompany obligations under Treasury Regulation § 1.1502-13) attributable to the Chewy Group (determined in accordance with Treasury
Regulation § 1.1502-21) for any Taxable Period (or portion thereof) ending on or prior to the IPO Date, determined as if a “closing of the books” occurred (and any relevant Taxable Periods
ended) at the end of the IPO Date. 
 Section 2.05 Estimated Tax Payments. The provisions of Sections
2.02—2.04 shall be applied to determine the allocation of responsibility for the amount of any estimated U.S. federal income tax payments (including quarterly or extension payments, as the case may be) required to be made by the
Parent Consolidated Group. Any amounts paid hereunder in connection with any estimated Tax payment shall be treated as a credit against any final payment obligation due under Section 2.02. To the extent amounts paid
hereunder in connection with any estimated Tax payments exceed any final payment obligation due under Section 2.02, such excess amount shall be refunded pursuant to Section 3.02. 

  
 5 

 Section 2.06 Calculations; Timing. 

(a) Calculations. For each Taxable Period beginning after the date of the IPO, a schedule (the
“Schedule”) shall be prepared by PetSmart showing in reasonable detail PetSmart’s application of Sections 2.02—2.04, including any payment obligations owed under Sections 2.07 and 3.02, and
taking into account any payments made under Section 2.05. 
 (b) Payment. If any payment
obligation of a Party is reflected on the Schedule, and a cash payment is owed to the applicable Taxing Authority with respect to such Taxable Period, then such payment as reflected on the Schedule shall be made in accordance with
Section 2.06 to the applicable Party at least five (5) days prior to the Due Date of the applicable Tax Return (or, if later, within ten (10) days after the receipt of the Schedule). Except as otherwise provided
herein, all other payments to be made pursuant to this Agreement shall be made within fifteen (15) days of written notice of a request for payment by (or on behalf of) the applicable Party, which notice shall be accompanied by a computation of
the amount due. If any payment required to be made pursuant to this Agreement is not made when due, such payment shall bear interest at the prevailing long-term applicable federal rate compounded monthly as determined under Section 1274 of the
Code. 
 Section 2.07 Adjustments. If, as a result of a Final Determination, there is an Adjustment, then a
payment shall be made by the applicable Party to the other Party in the amount of the net difference (if any) between the amounts previously paid by the first Party pursuant to this Agreement with respect to any Taxable Period(s) directly or
indirectly affected by the Adjustment, on one hand, and the amount that would have been paid by such Party under this Agreement with respect to such Taxable Period(s) had the Tax Return(s) for such Taxable Period(s) been prepared in accordance with
such Adjustment; plus an additional amount to account for any interest or penalties imposed by the applicable Taxing Authority as a result of such Adjustment. 

Section 2.08 Non-U.S. Federal Income Taxes. To the extent practicable
as determined by PetSmart in its reasonable discretion, responsibility for any Tax other than U.S. federal income Tax that is not a Chewy Separate Tax Liability or Parent Separate Tax Liability shall be determined in accordance with the principles
of Section 2.02—Section 2.07, giving appropriate consideration to any differences in the application and determination of the applicable Tax, on one hand, and U.S. federal income Tax, on the other
hand. 
 ARTICLE III 

Section 3.01 Tax Return Preparation. 

(a) Consolidated Returns. PetSmart shall prepare and file, or cause to be prepared and filed, all Tax Returns that
include any Chewy Group Member and are required to be filed on a consolidated, combined, or unitary basis with any Parent Group Member, and shall be responsible for remitting (or causing to be remitted) to the applicable Taxing Authority all Taxes
shown as due on such Tax Returns (including Taxes for which the Chewy Group Members are responsible pursuant to this Agreement). 

  
 6 

 (b) Separate Returns. PetSmart shall prepare and file, or cause to be
prepared and filed, all Tax Returns related to Parent Separate Tax Liabilities, and shall be responsible for remitting (or causing to be remitted) to the applicable Taxing Authority all Taxes shown as due on such Tax Returns. Chewy shall prepare and
file, or cause to be prepared and filed, all Tax Returns related to Chewy Separate Tax Liabilities, and shall be responsible for remitting (or causing to be remitted) to the applicable Taxing Authority all Taxes shown as due on such Tax Returns.

 (c) Right to Review. 

(i) In the case of any Tax Return described in Section 3.01(a) PetSmart shall provide (or shall cause to be
provided) a draft of such Tax Return and the applicable Schedule to Chewy for its review and comment at least thirty (30) days prior to the Due Date for such Tax Return or, in the case of any such Tax Return filed on a monthly basis or a
property Tax Return, at least ten (10) days prior to such Due Date. PetSmart shall consider in good faith any reasonable comment received from Chewy at least five (5) days prior to the Due Date for such Tax Return. 

(ii) In the case of any Income Tax Return or other material Tax Return prepared by Chewy pursuant to
Section 3.01(b), Chewy shall provide a draft of such Tax Return to PetSmart for its review and comment at least thirty (30) days prior to the Due Date for such Tax Return or, in the case of any such Tax Return filed on
a monthly basis or property Tax Return, at least ten (10) days prior to such Due Date. Chewy shall consider in good faith any reasonable comment received from PetSmart at least five (5) days prior to the Due Date for such Tax Return. 

(iii) The Parties shall negotiate in good faith to resolve all disputed issues with respect to Tax Returns prepared pursuant to this
Section 3.01. Any disputes that the Parties are unable to resolve shall be resolved pursuant to Article 6. In the event that any dispute is not resolved (whether pursuant to good faith negotiations among the Parties
or pursuant to Section 6.01) prior to the Due Date for the filing of any Tax Return, such Tax Return shall be timely filed as prepared by the respective Party, and such Tax Return shall be amended as necessary to reflect
the resolution of such dispute in a manner consistent with such resolution. 
 (iv) In the event any of the time periods set forth in
Section 3.01 are determined to be insufficient to adequately comply with relevant Tax filing obligations while providing the Parties a commercially reasonable period of time to review materials they are otherwise entitled
to review under Section 3.01, then the Parties shall mutually agree to an adjustment to the applicable time periods to permit such compliance and a commercially reasonable period of time to review such materials. 

  
 7 

 Section 3.02 Refunds. 

(a) Parent shall be entitled to all Refunds of Taxes for which (i) Parent or any Parent Group Member is responsible
pursuant to Section 2.02 or Section 2.08; (ii) which relate to any Parent Separate Tax Liability; or (iii) which relate to any Taxable Period ending on or prior to the IPO Date. Chewy shall be
entitled to all Refunds of Taxes for which Chewy or any Chewy Group Member is responsible pursuant to Section 2.02 or Section 2.08 or which relate to any Chewy Separate Tax Liability (other than
any Refund relating to any Taxable Period ending on or prior to the IPO Date). 
 (b) A Party receiving a Refund to which
the other Party is entitled pursuant to this Agreement shall pay to the other Party the amount to which such other Party is entitled within ten (10) days after the receipt of the Refund (or, in the case of any Refund received in the form of a
credit, within ten (10) days after application of such credit to reduce an amount of Taxes payable). 
 ARTICLE IV 

Section 4.01 Audits. 

(a) The Party that is responsible for preparing and filing an applicable Tax Return pursuant to
Section 3.01 (the “Controlling Party”) shall have sole responsibility for, and control over, any Tax Proceeding relating to such Tax Return; provided however that PetSmart shall be the Controlling
Party with respect to (i) any Tax Proceeding that could reasonably be expected to affect Tax Attributes of the Chewy Group described in Section 2.04 and (ii) any Taxable Period beginning before the date of the
IPO. 
 (b) In the case of any Tax Proceeding described in Section 4.01(a) that would reasonably
be expected to adversely affect any Tax liability or liability under this Agreement of a Party not in control of such Tax Proceeding (a “Non-Controlling Party”), the Controlling Party shall
provide notice to such Non-Controlling Party within fifteen (15) days after receiving notice of such Tax Proceeding; provided that any failure to provide such notice shall not affect the obligations of
such Non-Controlling Party with respect to Taxes addressed by such Tax Proceeding except to the extent such Non-Controlling Party is materially prejudiced by such
failure. With respect to any such Tax Proceeding, (i) the Non-Controlling Party shall be entitled to participate in any such Tax Proceeding (at its sole expense, to the extent expenses are not otherwise
allocated pursuant to this Agreement or another agreement), (ii) the Controlling Party shall keep the Non-Controlling Party reasonably informed and consult in good faith with the
Non-Controlling Party with respect to any issue relating to such Tax Proceeding that is reasonably expected to materially affect the Non-Controlling Party,
(iii) the Controlling Party shall provide the Non-Controlling Party with a copy of any written submission to be sent to the applicable Taxing Authority with respect to such Tax Proceeding prior to such
sending, and shall consider in good faith any comments provided by the Non-Controlling Party with respect thereto and (iv) any disputes arising under this Section 4.01 shall be
resolved in accordance with Article VI. 

  
 8 

 (c) At the request of the Controlling Party, the Non-Controlling Parties shall take (and shall cause its subsidiaries to take) any action (e.g., executing a limited power of attorney) that is reasonably requested by the Controlling Party in order for the
Controlling Party to handle, conduct, or settle the Tax Proceeding. Each Party shall assist the other Parties in taking (or causing to be taken) any remedial actions that are necessary or desirable to minimize the effects of any Adjustment made by
any Taxing Authority. The Controlling Party shall reimburse the Non-Controlling Party for any reasonable out-of-pocket costs
actually incurred by the Non-Controlling Party in complying with this Section 4.01(c). The Controlling Party shall have no obligation to indemnify the
Non-Controlling Party for any additional Taxes resulting from the Tax Proceeding, if the Non-Controlling Party fails to provide assistance in accordance with this
Section 4.01(c), to the extent such additional Taxes are directly attributable to the Non-Controlling Party’s failure to provide such assistance. 

ARTICLE V 

Section 5.01 Cooperation: Tax Information. 

(a) Chewy shall, and shall cause each Chewy Group Member to, cooperate with Parent and PetSmart in the preparation and filing
of Tax Returns, as described in Article III, or in the conduct of Tax Proceedings, as described in Article IV, including by maintaining such books and records and providing on a timely basis such information as may be necessary or
useful in the filing of such Tax Returns or the conduct of such Tax Proceedings and executing any documents, providing any further information and taking any actions which Parent may reasonably request in connection therewith. 

(b) If any Chewy Group Member fails to provide any information reasonably requested pursuant to this Article V on a
timely basis, then Parent shall have the right to engage the Accounting Firm to gather such information. Chewy agrees to permit the Accounting Firm full access to all Tax Returns and other relevant information in the possession of any Chewy Group
Member during reasonable business hours, and to reimburse or pay directly all costs and expenses incurred in connection with such engagement of the Accounting Firm. 

(c) Parent shall, and shall cause each Parent Group Member, to cooperate with Chewy in the preparation and filing of Tax
Returns, as described in Article III, or in the conduct of Tax Proceedings, as described in Article IV, including by maintaining such books and records and providing on a timely basis such information as may be necessary or useful in
the filing of such Tax Returns or the conduct of such Tax Proceedings and executing any documents, providing any further information and taking any actions which Chewy may reasonably request in connection therewith. 

(d) If any Parent Group Member fails to provide any information reasonably requested pursuant to this Article V on a
timely basis, then Chewy shall have the right to engage the Accounting Firm to gather such information. Parent agrees to permit the Accounting Firm full access to all Tax Returns and other relevant information in the possession of any Parent Group
Member during reasonable business hours, and to reimburse or pay directly all costs and expenses incurred in connection with such engagement of the Accounting Firm. 

  
 9 

 Section 5.02 Retention of Records. Chewy agrees to retain,
and cause each Chewy Group Member to retain, the appropriate records which may affect the determination of the Tax liability of any Parent Group Member until such time as there has been a Final Determination or the applicable statute of limitations
has expired with respect thereto. Any Chewy Group Member intending to destroy any such materials, records, or documents relating to Taxes of any Parent Group Member shall provide Parent with ninety (90) days advance notice and the opportunity
to copy or take possession of such materials, records and documents. Parent agrees to retain, and cause each Parent Group Member to retain, the appropriate records which may affect the determination of the Tax liability of any Chewy Group Member
until such time as there has been a Final Determination or the applicable statute of limitations has expired with respect thereto. Any Parent Group Member intending to destroy any such materials, records, or documents relating to Taxes of any Chewy
Group Member shall provide Chewy with ninety (90) days advance notice and the opportunity to copy or take possession of such materials, records and documents. 

ARTICLE VI 
 Section 6.01
Interpretation of Agreement and Resolution of Disputes. 
  

	 	(a)	 Technical Matters. 

(i) In the event of any dispute among the Parties as to the application of Sections 2.02-2.05, 2.07, and
2.08, such dispute shall be negotiated in good faith between the Parties. 
 (ii) In the event the Parties are
unable to resolve any such dispute, PetSmart shall, in good faith using reasonable discretion, finally determine any such matter (A) while Parent (or the direct or indirect majority owners of Parent as of the date of this Agreement) directly or
indirectly has Control of Chewy or (B) with respect to any Taxable Period of which Parent (or the direct or indirect majority owners of Parent) directly or indirectly has or had Control of Chewy. 

(iii) For disputes not addressed by Section 6.01(a)(ii), the Parties shall require the Accounting
Firm to resolve all disputes no later than thirty (30) days after the submission of such dispute to the Accounting Firm and agree that all decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the
Parties. The Accounting Firm shall resolve all disputes in a manner consistent with this Agreement. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in reasonable detail, the basis for such
determination. The fees and expenses of the Accounting Firm shall be borne equally by the Parties. 
  

	 	(b)	 Interpretation of Other Agreement Provisions. 

(i) In the event of any dispute among the Parties as to other provisions in this Agreement (excluding, for the avoidance of
doubt, the application of 

  
 10 

 
Sections 2.02-2.05, 2.07, and 2.08 as provided by Section 6.01(a)), such dispute shall be negotiated in good faith between the Parties. 

(ii) In the event the Parties are unable to resolve any such dispute, PetSmart shall, in good faith using reasonable
discretion, finally determine any such matter (A) while Parent (or the direct or indirect majority owners of Parent as of the date of this Agreement) directly or indirectly has Control of Chewy or (B) with respect to any Taxable Period of
which Parent (or the direct or indirect majority owners of Parent) directly or indirectly has or had Control of Chewy. 

(iii) For disputes not addressed by Section 6.01(b)(ii), such dispute shall be settled by binding arbitration in the
state of Delaware or another location mutually agreeable to the parties. Any decision or award as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all conclusions of law and fact and shall include
the assessment of costs, expenses and reasonable attorneys’ fees. 
 Section 6.02 Miscellaneous. 

(a) Term of the Agreement. This Agreement shall become effective as of the date of its execution and, except as
otherwise expressly provided herein, shall continue in full force and effect indefinitely. 
 (b) Injunctions.
The parties acknowledge that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. The parties hereto shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any court having jurisdiction, such remedy being in addition to any other remedy to which they may be
entitled at law or in equity. 
 (c) Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect, and shall in no way be affected,
impaired or invalidated. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such which may be hereafter declared
invalid, void or unenforceable. In the event that any such term, provision, covenant or restriction is held to be invalid, void or unforeseeable, the parties hereto shall use their best efforts to find and employ an alternate means to achieve the
same or substantially the same result as that contemplated by such term, provision, covenant or restriction. 
 (d)
Assignment. Except by operation of law or in connection with the sale of all or substantially all the assets of a party hereto, this Agreement shall not be assignable, in whole or in part, directly or indirectly, by any party hereto
without the advance written consent of the other party, and any attempt to assign any rights or obligations arising under 

  
 11 

 
this Agreement without such consent shall be void; provided, however, that the provisions of this Agreement shall be binding upon, inure to the benefit of and be enforceable by, the
parties hereto and their respective successors and permitted assigns. 
 (e) Further Assurances. Subject to
the provisions hereof, the parties hereto shall make, execute, acknowledge and deliver such other instruments and documents, and take all such other actions, as may be reasonably required in order to effectuate the purposes of this Agreement and to
consummate the transactions contemplated hereby. Subject to the provisions hereof, each of the parties shall, in connection with entering into this Agreement, performing its obligations hereunder and taking any and all actions relating hereto,
comply with all applicable laws, regulations, orders and decrees, obtain all required consents and approvals and make all required filings with any Taxing Authority, governmental agency, other regulatory or administrative agency, commission or
similar authority, and promptly provide the other parties with all such information as they may reasonably request in order to be able to comply with the provisions of this sentence. 

(f) Parties in Interest. Except as herein otherwise specifically provided, nothing in this Agreement expressed
or implied is intended to confer any right or benefit upon any Person other than the parties hereto, their respective successors and permitted assigns, and any entity that subsequently becomes a Parent Group Member, PetSmart Group Member or Chewy
Group Member. 
 (g) Waivers, Etc. No failure or delay on the part of the parties in exercising any power or right
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. No modification or waiver of any provision of this Agreement, nor the consent to any departure by the parties therefrom, shall in any event be effective unless the same shall be in writing, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given. 
 (h) Setoff. All
payments to be made by any party under this Agreement shall be made without setoff, counterclaim or withholding, all of which are expressly waived. 

(i) Change of Law. If, due to any change in applicable law or regulations or their interpretation by any court
of law or other governing body having jurisdiction subsequent to the date of this Agreement, the performance of any provision of this Agreement or any transaction contemplated hereby shall become impracticable or impossible, the parties hereto shall
use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such provision. 

(j) Confidentiality. Subject to any contrary requirement of law and the right of each party to enforce its rights
hereunder in any arbitration or legal action, each party agrees that it shall keep strictly confidential, and shall cause its employees and agents to keep strictly confidential, any information which it or any of its employees or agents may acquire
pursuant to, or in the course of performing its obligations under, any provision of this Agreement. 

  
 12 

 (k) Headings. Descriptive headings are for convenience only and shall
not control or affect the meaning or construction of any provision of this Agreement. 
 (l) Counterparts. For the
convenience of the parties, any number of counterparts of this Agreement may be executed by the parties hereto, and each such executed counterpart shall be, and shall be deemed to be, an original instrument. 

(m) Notices. All notices, consents, requests, instructions, approvals and other communications provided for herein
shall be validly given, made or served, if in writing and delivered personally or sent by registered mail, postage prepaid, or by e-mail to: 

 

					
	 PetSmart at:
	  	  
	  	
		  	  
	  	
		  	
ASchnaid@PetSmart.com               
                                         
                                         
                                   

Attn: Alan Schnaid
	  	
	 Chewy at:
	  	  
	  	
		  	  
	  	
		  	
mmarte@chewy.com                
                                         
                                         
                                         
 
 Attn: Mario Marte
	  	
	 Parent at:
	  	  
	  	
		  	  
	  	
		  	
ASchnaid@PetSmart.com               
                                         
                                         
                                   

Attn: Alan Schnaid
	  	

 or to such other address as any party may, from time to time, designate in a written notice given in a like manner. Notice
delivered personally or given by telegram shall be deemed delivered when received by the recipient. Notice given by mail as set out above shall be deemed delivered five (5) days after the date the same is mailed. Notice given by facsimile
transmission shall be deemed delivered on the day of transmission provided telephone confirmation of receipt is obtained promptly after completion of transmission. 

(n) Costs and Expenses. Unless otherwise specifically provided herein, each Party agrees to pay its own costs
and expenses resulting from the exercise of its respective rights or the fulfillment of its respective obligations hereunder. 

(o) Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the
domestic substantive laws of the State of Delaware without regard to any choice or conflict of laws, rules or provisions that would cause the application of the domestic substantive laws of any other jurisdiction. 

  
 13 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed by their
respective officers, each of whom is duly authorized, all as of the day and year first above written. 
  

			
	ARGOS INTERMEDIATE HOLDCO I INC.
		
	By:	 	 /s/ Alan M. Schnaid

			
		
	Name:	 	 Alan M. Schnaid

 
			
		
	Title:	 	 President and Chief Financial Officer

			
	
	 PETSMART, INC.

		
	By:	 	 /s/ Alan M. Schnaid

			
		
	Name:	 	 Alan M. Schnaid

 
			
		
	Title:	 	 President and Chief Financial Officer

			
	
	 CHEWY, INC.

		
	By:	 	 /s/ Susan Helfrick

			
		
	Name:	 	 Susan Helfrick

 
			
		
	Title:	 	 General Counsel

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