Exhibit 4.16
ADVANCE STORES COMPANY, INCORPORATED
$200,000,000
10-1/4% Senior Subordinated Notes due 2008
JOINDER TO THE REGISTRATION RIGHTS AGREEMENT
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November 28, 2001
X.X. Xxxxxx Securities Inc.
Credit Suisse First Boston
Xxxxxx Brothers Inc.
c/o X.X. Xxxxxx Securities Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
Reference is made to the Exchange and Registration Rights Agreement
(the "Registration Rights Agreement") dated October 31, 2001, among Advance
Stores Company, Incorporated, a Virginia corporation (the "Company"), Advance
Trucking Corporation, a Virginia corporation, Laralev, Inc., a Delaware
corporation, and Western Auto Supply Company, a Delaware corporation, and X.X.
Xxxxxx Securities Inc., Credit Suisse First Boston and Xxxxxx Brothers Inc. (the
"Initial Purchasers") concerning the purchase of the Securities (as defined in
the Registration Rights Agreement) from the Company by the several Initial
Purchasers. Capitalized terms used herein but not defined herein shall have the
meanings assigned to such terms in the Registration Rights Agreement. This is
the agreement referred to in Section 10(a) of the Registration Rights Agreement.
The Company and each of the Guarantors listed on Schedule I hereto
agree that this letter agreement is being executed and delivered in connection
with the issue and sale of the Securities pursuant to the Purchase Agreement and
to induce the Initial Purchasers to purchase the Securities thereunder and is
being executed concurrently with the consummation of the Acquisition.
1. Joinder. Each of the parties hereto hereby agrees to be become bound
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by the terms, conditions and other provisions of the Registration Rights
Agreement with all attendant rights, duties and obligations stated therein, with
the same force and effect as if originally named as a Guarantor therein and as
if such party executed the Registration Rights Agreement on the date thereof.
2. Representations, Warranties and Agreements of the Guarantors. Each
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Guarantor represents and warrants to, and agrees with, the several Initial
Purchasers on and as of the date hereof that such Guarantor has the corporate
power to execute and deliver this letter agreement and all corporate action
required to be taken by it for the due and proper authorization, execution,
delivery and performance of this letter agreement and the consummation of the
transactions contemplated hereby has been duly and validly taken; this letter
agreement has been duly authorized, executed and delivered by such Guarantor and
constitutes a valid and legally binding agreement of such Guarantor enforceable
against such Guarantor in accordance with its terms.
3. GOVERNING LAW. THIS LETTER AGREEMENT SHALL BE GOVERNED BY AND
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CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
4. Counterparts. This letter agreement may be executed in one or more
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counterparts (which may include counterparts delivered by telecopier) and, if
executed in more than one counterpart, the executed counterparts shall each be
deemed to be an original, but all such counterparts shall together constitute
one and the same instrument.
5. Amendments. No amendment or waiver of any provision of this letter
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agreement, nor any consent or approval to any departure therefrom, shall in any
event be effective unless the same shall be in writing and signed by the parties
hereto.
6. Headings. The headings herein are inserted for the convenience of
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reference only and are not intended to be part of, or to affect the meaning or
interpretation of, this letter agreement.
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If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to us a counterpart hereof, whereupon this
letter agreement will become a binding agreement between the Company, the
Guarantors party hereto and the several Initial Purchasers in accordance with
its terms.
Very truly yours,
ADVANCE AIRCRAFT COMPANY, INC.
ADVANCE MERCHANDISING COMPANY, INC.
WASCO INSURANCE AGENCY, INC.
WESTERN AUTO SUPPLY OF PUERTO RICO, INC.
WESTERN AUTO SUPPLY OF ST. XXXXXX, INC.,
By: /s/ Xxxxxxx X. Xxxx
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Name: Xxxxxxx X. Xxxx
Title: Senior Vice President, Controller
DAP ACCEPTANCE CORPORATION,
DISCOUNT AUTO PARTS, INC.,
By: /s/ Xxxxxxx X. Xxxx
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Name: Xxxxxxx X. Xxxx
Title: Assistant Treasurer
Accepted: November 28, 2001
X.X. XXXXXX SECURITIES INC.
CREDIT SUISSE FIRST BOSTON
XXXXXX BROTHERS INC.
By: X.X. XXXXXX SECURITIES INC.
By: /s/ Xxxxxxxx Xxx-Xxxxx
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Name: Xxxxxxxx Xxx-Xxxxx
Title: Vice President
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