e424b3
MOTORCAR PARTS OF AMERICA, INC.
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-144887
PROSPECTUS
SUPPLEMENT NO. 17
(To Prospectus dated October 22, 2007)
This is a prospectus supplement to our prospectus dated October 22, 2007 relating to the
resale from time to time by selling stockholders of up to 4,188,192
shares of our Common Stock. On
May 5, 2009, we filed with the Securities and Exchange
Commission a Current Report on Form 8-K with respect to our
entry on April 29, 2009 into a Vendor Agreement, effective as of
March 31, 2009, and a Core Amendment to Vendor Agreement,
effective as of March 31, 2009, with
our largest customer. The
Form 8-K is
attached to and made a part of this prospectus supplement.
This prospectus supplement should be read in conjunction with the prospectus, and this
prospectus supplement is qualified by reference to the prospectus, except to the extent that the
information provided by this prospectus supplement supersedes the information contained in the
prospectus.
The securities
offered by the prospectus involve a high degree of risk. You should carefully
consider the Risk Factors referenced on page 2 of the prospectus in determining whether to
purchase the Common Stock.
The
date of this prospectus supplement is May 6, 2009.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2009
Motorcar Parts of America, Inc.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
New York
|
|
001-33861
|
|
11-2153962 |
|
|
|
|
|
(State or other
jurisdiction of
incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.) |
|
|
|
2929 California Street, Torrance CA
|
|
90503 |
|
|
|
(Address of principal executive offices)
|
|
(Zip Code) |
Registrants telephone number, including area code: (310) 212-7910
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
|
|
|
o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
|
Item 1.01. |
|
Entry into a Material Definitive Agreement. |
On April 29, 2009, Motorcar Parts of America, Inc. (the Registrant) entered into a Vendor
Agreement (the Vendor Agreement), effective as of March 31, 2009, with
its largest customer,
pursuant to the terms of which the Registrant will continue to
supply the customer with
alternators and starters. On April 29, 2009, the
Registrant also entered into the Core Amendment to Vendor Agreement (the Amendment), effective as
of March 31, 2009, pursuant to which the Registrant will purchase
a portion of the customers
core inventory.
A copy of the Vendor Agreement and the Amendment are attached hereto as Exhibit 10.1 and
Exhibit 10.2, respectively, and are incorporated herein by reference.
|
|
|
Item 9.01. |
|
Financial Statements and Exhibits. |
(d) Exhibits
|
10.1 |
|
Vendor Agreement, dated as of March 31, 2009,
between the Motorcar Parts of America, Inc. and
AutoZone Parts, Inc.* |
|
|
10.2 |
|
Core Amendment to Vendor Agreement, dated as of
March 31, 2009, between the Motorcar Parts of
America, Inc. and AutoZone Parts, Inc.* |
*Portions of these agreements have been omitted pursuant to a request for confidential treatment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
MOTORCAR PARTS OF AMERICA, INC.
|
|
Date: May 5, 2009 |
/s/ Michael M. Umansky
|
|
|
Michael M. Umansky |
|
|
Vice President and General Counsel |
|
|
EXHIBIT INDEX
10.1 |
|
Vendor Agreement, dated as of March 31, 2009,
between the Motorcar Parts of America, Inc. and
AutoZone Parts, Inc.* |
|
10.2 |
|
Core Amendment to Vendor Agreement, dated as of
March 31, 2009, between the Motorcar Parts of
America, Inc. and AutoZone Parts, Inc.* |
*Portions of these agreements have been omitted pursuant to a request for confidential treatment.
|
|
|
|
|
AutoZone Parts, Inc.
123 S. Front Street
Memphis, TN 38103
Telephone (901) 495-6500
Fax (901) 495-8300
|
|
(US) VENDOR
AGREEMENT
Vendor No. 07245
Category Manager:
|
|
AutoZone Parts, Inc. |
|
|
[*] |
|
|
AUTOZONE RESERVES THE RIGHT TO REMIT TO THE PARTY TO WHOM THE PURCHASE ORDER IS ISSUED.
Payment Information:
Address to mail payment:
|
|
|
|
|
Vendor Name
Factor (If Applicable)
|
|
MotorCar Parts of America, Inc.
|
|
|
POS
|
|
No
|
|
|
Address
|
|
2929 California Street
|
|
|
City
|
|
Torrance
|
|
|
State, Zip
|
|
CA, 90503
|
|
|
Country/Region
|
|
USA
|
|
|
Credit Dept Phone
|
|
(310) 212-7910
|
|
|
Toll Free Number
|
|
(800) 890-9988
|
|
|
Fax Number
|
|
(310) 212-0729
|
|
|
Vendor also doing business as: (Attach a list
to this Agreement if space provided is insufficient)
Note: All payments of monies must be made payable to and mailed to:
AutoZone Parts, Inc.
Accounting Dept. 9010
P.O. Box 2198
Memphis, TN 38101
Purchase Order Information:
Address to send purchase orders:
ý Check if same as payment address
|
|
|
|
|
Vendor Name
|
|
MotorCar Parts of America, Inc.
|
|
|
Address
|
|
2929 California Street
|
|
|
City
|
|
Torrance
|
|
|
State, Zip
|
|
CA, 90503
|
|
|
Country/Region
|
|
USA
|
|
|
Attention
|
|
Accounts Receivable
|
|
|
Street address for use by delivery services other than
the U.S. mail, if not already shown in the P.O. Order
address above.
|
|
|
|
|
2929 California Street |
|
|
|
|
|
Torrance, CA 90503 |
|
|
|
|
|
Country/Region
|
|
USA
|
|
|
Dept: |
|
|
|
|
Expedite Orders
|
|
(310) 212-7910
|
|
|
Phone: |
|
|
|
|
Toll Free Number:
Fax Number:
|
|
(800) 890-9988
(310) 212-6315
|
|
|
Orders will be Via:
|
|
EDI FAX |
|
|
|
|
|
|
|
Vendor Financial Information
Vendor agrees to furnish, when returning this completed agreement, a complete
set of current financial statements. Publicly held companies should include the Annual
Report to Shareholders and 10K Report. If financial statements are not available, a Dun
& Bradstreet should be furnished. Further, Vendor agrees to respond to
operational/financial questionnaires from time to time as requested by AutoZone.
Product Liability Insurance
|
|
Copy of Certificate of Insurance must be attached to this
Vendor Agreement. Certificate of Insurance must Include:
1. Comprehensive General Liability coverage Including Product
Liability/Completed
Operations Hazard with minimum limits of $5,000.000 per
occurrence.
2. Broad form vendors endorsement naming AutoZone
Parts, Inc. and its
subsidiaries and affiliates, as an additional
Insured.
3. Mandatory 30-day notice of cancellation to...
|
|
|
|
|
|
|
|
|
|
|
|
|
AutoZone Parts, Inc.
|
|
|
|
|
|
|
|
Travelers Indemnity of Illinois
|
|
Risk Management Department
|
|
|
|
|
|
|
|
(Insuring Company)
|
|
P.O. Box 2198, Dept 8030 |
|
|
|
|
Memphis, TN 38101 |
|
|
|
Address For Product Liability Claims
MotorCar Parts of America, Inc.
2929 California Street
Torrance, California 90503 USA
Attn: Edie Patton Phone: (800) 890-9988
|
MotorCar Parts of America, Inc.
|
|
|
|
|
|
FMRev. 9/03
|
|
Date: 03/31/2009 |
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
1
AutoZone Parts, Inc.
Advertising/Promotions/Allowances
None
Performance
Expenditure
Other
|
|
|
Qualified Promotions:
|
|
Indicate how Funds are Earned: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[*]
Order of Allowances
If you require the allowance calculations to be in a particular sequence, indicate the sequence
below (1 for 1st, 2 for 2nd, etc.).
|
|
|
|
|
|
|
Sequence |
|
Name of Allowance |
|
Sequence |
|
Name of Allowance |
|
|
None
|
|
|
|
None |
|
|
None
|
|
|
|
None |
|
|
None
|
|
|
|
None |
|
|
None
|
|
|
|
None |
Use of
VendorNet is subject to the terms and conditions contained on the VendorNet Systems.
Vendor agrees to pay AutoZone the fee(s) for access to
AutoZones VendorNet System, as set
forth above. If no fees are paid by Vendor for VendorNet System access, then Vendor will not
be provided access to AutoZones VendorNet System.
BILLBACK
ALLOWANCES ARE CALCULATED ON A CALENDAR YEAR BASIS AND PAYMENT IS DUE 30 DAYS AFTER
PERFORMANCE OR VENDOR RECEIPT OF AUTOZONE BILLBACK.
IF BILLBACKS ARE NOT PAID AFTER 90 DAYS FROM DATE REQUESTED, AN
ADDITIONAL LATE PAYMENT CHARGE OF
1.5 PERCENT PER MONTH WILL BE ADDED.
[*]
MotorCar Parts of America, Inc.
|
|
|
|
|
|
FMRev. 9/03
|
|
Date: 03/31/2009 |
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
2
AutoZone Parts, Inc.
During
the term of this Agreement, Vendor, at Its expense and through its authorized employees or
its Independent certified public accountants, shall have the right
upon reasonable notice of no less
than ten (10) business days, during normal business days and hours to examine AutoZones records
pertaining to AutoZones promotional allowance
based activities to the extent the same are funded
by these allowances paid under this Agreement. All such Information disclosed during any such audit
is the Confidential Information of AutoZone and shall be protected and governed by the terms and
conditions of the Confidentiality Agreement between AutoZone and Vendor.
Fuel Surcharge
Fuel Surcharge based on the weekly index published by Department of Energy applies to all
Logistics/Collect Vendors. Fuel surcharges will be imposed when the national average diesel fuel
price from the Department of Energy (DOE) National Diesel Fuel Price Index is greater than or
equal to [*]
MotorCar Parts of America, Inc.
|
|
|
|
|
|
FMRev. 9/03
|
|
Date: 03/31/2009 |
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
3
AutoZone Parts, Inc.
Shipping Instructions
If Collect, Vendor agrees to use routing which is approved by AutoZones Logistics Department.
The Vendor is liable for the excess transportation cost if the designated routing is not
followed. If a Vendor should question the routing selected, the Vendor must call AutoZones
Logistics Department before releasing the committed shipment. Call (901)495-6839.
[*]
Shipping Terms
[*]
All Merchandise to be Shipped F.O.B. Destination
O Prepaid (Indicate any requirements to the right)
l Collect
Prepayment Requirements
|
|
|
|
|
Pounds
|
|
Dollars
|
|
Truck |
Units
|
|
Cases
|
|
Cube |
Pallets |
|
|
|
|
All
collect quotes are subject to renegotiation, as deemed necessary by increases in
transportation related costs. AutoZone will not accept back orders on
regular stock orders.
Regular stock orders shall be handled on a ship or cancel basis.
|
|
|
Drop Shipment Terms: |
|
|
|
|
|
Other: |
|
|
|
|
|
Permanent Return Authorization #
|
|
To be used to return merchandise shipped in error freight collect. |
Payment Terms
[*]
MotorCar Parts of America, Inc.
|
FMRev. 9/03 |
Date: 03/31/2009
|
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
4
AutoZone Parts, Inc.
VDP Terms and Conditions
[*]
MotorCar Parts of America, Inc.
|
FMRev. 9/03 |
Date: 03/31/2009
|
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
5
AutoZone Parts, Inc.
Regular Returns/Recalls/Cores
Return
Privileges RGA Required
Annual Stock Adjustment [*] of Prior fiscal years net purchases.
** Returns will be credited at Current Invoice price.
|
|
|
|
|
Regular Returns and Recalls
|
|
|
|
To Obtain Return Goods Authorization |
RGA Required
|
|
Phone:
|
|
(800) 890-9988 |
Ship back freight prepaid
|
|
Address:
|
|
2929 California Street |
|
|
City, State Zip
|
|
Torrance, California 90503- USA |
|
|
Attn:
|
|
Lourdes Reinoso |
|
|
Fax:
|
|
(310) 347-4397 |
|
|
|
|
|
NOTE:
Vendor pickup and Collect freight are F.O.B. AutoZone Dock. |
|
|
|
|
Cores are banked In excess of 0.00% of purchases. |
|
|
|
|
If core banking is handled differently than above, explain: |
|
|
|
|
Core packaging instructions:
|
|
|
|
|
|
|
|
|
|
Other core limitations or instructions. |
|
|
|
|
|
|
|
|
|
|
|
|
Address to Ship Returns:
|
|
Vendor requirements for routing or classification: |
MotorCar Parts of America, Inc. |
|
|
2306 Avenue Costa Este |
|
|
San Diego, California 92154 |
|
|
USA |
|
|
Attn:
Pedro Hernandez |
|
|
Phone:
619-489-2300 |
|
|
UPC Information
Vendor must be a member of the UPC Council and a list and sample of current UPC codes must be
sent to the Product Managers attention prior to purchase of any
products from the vendor.
AutoZone requires both format and manufacturers number to match item UPC numbers. Indicate your
UPC Manufacturers number(s) below.
|
|
|
|
|
|
|
|
|
029175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternators & Starters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product Line
|
|
Product Line
|
|
Product Line
|
|
Product Line
|
|
Product Line |
1. Vendor
shall comply with all UCC Standards concerning UPC Symbols and Shipping Container Bar
Coding (ITF).
2. UPC
Symbol Quality: [*]
3. All
full pallets, containing the same SKU, shall have a shipping label with Shipping Container
Bar Codes (ITF).
[*]
VENDOR AGREES TO FURNISH THE FOLLOWING DATA TO AUTOZONE FOR EACH PRODUCT SUPPLIED TO AUTOZONE :
|
|
Up-to-date AAIA compliant catalog data, databases, graphics, images and product attributes, features and benefits |
|
|
|
copies of paper catalogs in pdf format |
|
|
|
cross-reference data |
|
|
|
product specifications where applicable, and |
|
|
|
product bulletins and technical service bulletins |
[*]
Vendor
shall be solely responsible for notifying AutoZone in writing of
those jurisdictions, including each and every United States state and territory, Canadian province and Mexico state
and each and every subdivision thereof (hereinafter jurisdictions), where Vendors product(s)
supplied to AutoZone are prohibited or restricted from sale. On an ongoing basis, Vendor
further agrees to be solely responsible for providing AutoZone with all applicable regulatory
requirements as to each product supplied by Vendor to AutoZone for all jurisdictions. Vendor
will promptly update this Information as applicable.
Obsolescence
Parts which are scheduled to be dropped by the Vendor will be indicated in the Vendor catalog
or price sheet [*] month(s) in advance.
[*]
MotorCar Parts of America, Inc.
FMRev.
9/03
Date: 03/31/2009
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
6
AutoZone Parts, Inc.
EAS Compliance
[*]
Warranties and Representations to AutoZone
By acceptance of an order under this Agreement,
Vendor warrants and represents that (a) as
applicable, products meet or exceed Original Equipment Specifications: (b) the goods will
comply with all specifications contained in the order and will be of comparable quality as all samples
delivered to AutoZone: (c) the goods are not adulterated, misbranded, falsely labeled or
advertised, or falsely invoiced within the meaning of any local, state or federal laws and
amendments thereof now in force: (d) the goods have been labeled, advertised and invoiced in
accordance with the requirements of any and all governmental laws and the respective rules and
regulations thereunder: (e) the goods are properly labeled as to content as required by
applicable Federal Trade Commission Trade Practice Rules, the Fair Labor Standards Act, and similar
laws, rules and regulations: (f) the goods ordered shall be delivered in good and undamaged
condition and shall, when delivered, be merchantable and fit and safe for the purposes for which
the same are intended to be used, including without limitation,
consumer use: (g) the goods do not infringe upon or violate any patent, copyright, trademark, trade name or, without limitation, any
other rights belonging to others: (h) all weights, measures, sizes, legends or descriptions
printed, stamped, attached or otherwise indicated with regard to the goods are true and correct,
and conform and comply with all laws, rules, regulations, ordinances, codes and/or standards
relating to said goods of federal, state and local governments: (i) the goods are not in violation
of any other laws, ordinances, statutes, rules or regulations of the United Sates or any state or
local government or any subdivision or agency thereof; and (j) by shipping and invoicing goods
sold to AutoZone, Vendor warrants and represents that all goods purchased hereunder were produced
in compliance with all applicable requirements of sections 6, 7, and 12 of the Fair Labor Standards
Act, as amended, and of regulations and orders of the U.S. Department of Labor issued under section
14 thereof. In addition to the other warranties and representations contained in this paragraph,
the warranties of the Uniform Commercial Code are specifically incorporated herein. Nothing
contained in this Agreement shall be deemed a waiver of warranties implied by law as may be applied
to AutoZone. Labeling of shipments of products to be distributed in Mexico must comply with
AutoZones Mexico Vendor Compliance (Guidelines), as the same may be amended from time to time. Vendor agrees to pay the assessments, liquidated damages and other amounts set forth in
the Guidelines. A copy of the current Guidelines is available to Vendor through VendorNet or upon
request to its AutoZone Category Manager.
Warranty to Customer
[*]
Allowances And Credits
[*]
MotorCar Parts of America, Inc.
FMRev. 9/03
Date: 03/31/2009
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
7
AutoZone Parts, Inc.
Terms And Conditions
1. Agreement: This Agreement sets
forth the entire agreement between Vendor and Autozone with
respect to the sale and purchase of goods and
supersedes all prior agreements, oral or written. Acceptance of a purchase order may be made only
by shipment of the goods In accordance with that
order and ACCEPTANCE IS EXPRESSLY LIMITED TO ALL OF THE TERMS AND CONDITIONS OF THE ORDER,
INCLUDING ALL
ATTACHMENTS AND SUPPLEMENTAL INSTRUCTIONS DELIVERED THEREWITH, AND TO CURRENT SHIPPING, BILLING AND
ROUTING
INSTRUCTIONS OF AUTOZONE. SHIPMENTS MADE CONTRARY TO AUTOZONES ROUTING INSTRUCTIONS WILL BE
CONSIDERED F.O.B.
DESTINATION. Vendors Invoice, confirmation memorandum or other writing may not vary the terms of the
Agreement. Vendors failure to comply
with each and every term or order shall constitute an event of default and shall be grounds for the
exercise by AutoZone of any of the remedies
provided for in this Agreement.
2. Remedies
on Breach or Default: Failure to comply with each and every term of this Agreement and
each guarantee or warranty herein shall be
grounds for the exercise by Autozone of any one or more of the following remedies: a) cancellation
of all or any part of an order without notice,
including without limitations the balance of any order received on installment; and b) rejection
of all or any part of any shipment by AutoZone, which
may return the goods or hold them at Vendors risk and expense. AutoZones right to reject and
return or hold goods at Vendors expense and risk
shall extend to goods which are returned by AutoZones customers for any
reason entitling
AutoZone to reject. AutoZone may, at its option, require
Vendor to grant a full refund or credit to AutoZone of the price actually paid by AutoZone
for such
item in lieu of replacement with respect to any item
which AutoZone is entitled to reject hereunder. Autozone shall be
under no duty to inspect the
goods before resale thereof and notice of rejection shall
be deemed given within a reasonable time if given within a reasonable time after notice of defects
or deficiencies has been given to AutoZone by its
customers. In respect of any goods rightfully rejected by AutoZone, there shall be charged to
Vendor all expenses incurred by AutoZone in (i) unpacking, examining, repacking and storing such goods (it being agreed that in the absence of
proof of a higher expense that AutoZone shall claim an
allowance for each rejection at the rate of 10% of the price for each rejection made by AutoZone)
and (ii) landing and reshipping such goods. When
AutoZone has exercised any of the above remedies, Vendor shall not have the right to make
a conforming delivery within the contract time. In addition
to AutoZones remedies provided above, the buyers remedies of the Uniform Commercial Code are
specifically incorporated in this Agreement.
3. DELIVERY TIME: THE TIME SPECIFIED ON ORDERS FOR RECEIPT OF GOODS IS OF THE ESSENCE OF THIS
AGREEMENT AND IF
SHIPMENT IS NOT EFFECTED WITHIN THE TIME SPECIFIED. AUTOZONE RESERVES THE RIGHT, AT ITS OPTION
AND WITHOUT
LIMITATIONS, TO CANCEL THE ORDER OR REJECT ANY GOODS DELIVERED AFTER THE TIME SPECIFIED
and to hold vendor liable for
damages sustained by AutoZone as a result of Vendors failure. Notwithstanding AutoZones right
to cancel and/or reject goods. Vendor agrees to inform AutoZone immediately of any failure to ship
any part of an order or the exact goods called for on an order on the shipment date specified.
Acceptance of any goods shipped after the specified shipment date shall not be construed as a
waiver of any of AutoZones rights resulting from the late shipment.
4. Cancellation:
AutoZone may cancel all or any part of an order at any time prior to shipment. In
addition, in the event any place of business or other
premises of AutoZone shall be affected by lockouts, strikes, riots, war, fire,
civil insurrection,
flood, earthquake or any other casualty or cause beyond
AutoZones control, which might reasonably tend to impede or delay the reception, handling,
inspecting, processing or marketing of the goods covered
by an order by AutoZone, its agents or employees, AutoZone may, at its option, cancel all or any
part of the undelivered order by giving written notice
to Vendor which notice shall be effective upon mailing.
5. Set-off. All claims for money
due to vendor and/or to become due from AutoZone shall be
subject to deduction by AutoZone for any set-off or
counterclaim arising out of any order or other agreement with Vendor.
6. Withholding:
AutoZone shall have the right to withhold from payment to Vendor, an amount up to
ten percent (10%) of the then present value of
AutoZones inventory of products purchased from Vendor,
against which Vendor credits owed to
AutoZone may be taken. In the event of participation
in Supplier Confirmed Receivable program, an additional withholding may be imposed to cover any
future outstanding credits due AutoZone.
7. Assignment
of Accounts: The Vendor shall provide AutoZone written notice of an assignment,
factoring or other transfer of its rights to receive
payments arising under this Agreement 30 days prior to such assignment, factoring or other transfer
taking legal effect. Such written notice shall
include the name and address of the assignee/transferee, date assignment is to begin and terms of
the assignment, and shall be considered delivered
upon receipt of such written notice by the AutoZone Warehouse
Accounting Manager. Vendor shall be
allowed to have only one assignment, factoring,
or other transfer legally effective at any one point in time. No
multiple assignments, factorings
or other transfers by the Vendor shall be permitted.
Vendor shall indemnify AutoZone against and hold AutoZone harmless from any and all lawsuits,
claims, actions, damages (including reasonable
attorney fees, obligations, liabilities end liens) arising or imposed in connection with the
assignment, factoring, or other transfer of any account or right
arising thereunder where the Vendor has not complied with the assignment notification requirements
of this section. Vendor also releases and waives
any right, claim or action against AutoZone for amounts due and owing under this Agreement where
Vendor did not comply with the notice
requirements of this section. Such notice shall be mailed directly to:
AutoZone Parts, Inc.
Warehouse Accounting Manager
Accounting Dept. 9010
P.O. Box 2198
Memphis. TN 38101
8. Performance
Assignment: Vendor shall not assign the obligation to perform any order or any
part thereof, and AutoZone shall not be obligated to accept a tender of performance by any
assignee, unless AutoZone shall have previously expressly consented in writing to such an
assignment.
9. Vendor
agrees that any credit balance will be paid in cash to AutoZone upon written request.
10. Publicity:
Vendor shall not refer to AutoZone or any company affiliated with AutoZone in
publication form in connection with goods of services
rendered by Vendor without prior written approval of AutoZone.
11. Validity:
No finding that a part of an order or this Agreement is invalid or unenforceable
shall affect the validity of any other part thereof.
12. [*]
13. Safety
& Health: As applicable, Vendor shall furnish AutoZone with Material Safety Data Sheets,
including warnings and safety and health
information concerning the products and/or the containers for such products sold hereunder. Vendor
and AutoZone agree to comply with all applicable
OSHA and EPA requirements concerning hazardous materials.
14. This
Agreement shall be governed by the laws of the State of Tennessee without regard to its
conflicts of laws principles. Jurisdiction and venue
for any lawsuits related to this Agreement shall only be proper in Shelby County, Tennessee.
15. Vendor
hereby grants AutoZone a perpetual license to use its part numbers and parts descriptions
for AutoZones business purposes, including,
but not limited to, AutoZones electronic catalogues and databases.
16. All
notices shall be deemed received three days after it is sent by certified mail, return
receipt requested, or when actually received by
hand-delivery or overnight courier. All notices shall be sent to
Vendor at aforementioned
address as provided by Vendor on this Agreement or to
AutoZone at the below address:
AutoZone
Parts, Inc.
123 South Front Street, Dept 9009
Memphis, TN 38103
Attn: Executive VP, Merchandising
with a copy to the General Counsel at the same address,
department 8074.
17. Country
of Origin: All packaging and products must be compliant with all applicable federal,
state and other laws and requirements as stipulated by
the Federal Trade Commission (FTC)
and other regulatory bodies. Pursuant to the Tariff
Act of 1930 as amended (19 USCA 1304(2007)), U.S.
Customs requires every item imported into the United States to be conspicuously and clearly marked
to indicate its country of origin to the ultimate
purchaser. Country of origin affects product admissibility, duty rate, anti-dumping and
entitlement to special duty or trade preference programs.
Vendor must ensure that all of its
packaging and product has correct country of origin information
which is properly matched and marked in compliance with all
applicable requirements and laws,
Vendor represents and warrants that all packaging and labeling of products supplied under this
Agreement are correct and comply with all laws and regulations. Vendor is responsible for and will
reimburse AutoZone for any costs, expenses and other damages incurred
by AutoZone (i) if product is
improperly packaged or labeled or (ii) relating to any other Country of Origin issues.
MotorCar
Parts of America, Inc.
|
|
|
|
|
|
FMRev. 9/03
|
|
Date: 03/31/2009 |
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
8
AutoZone Parts, Inc.
[*]
Notice Regarding Price Increases
AutoZone shall be given at least 90 days written notice prior to any price increase.
Indemnification
[*]
Statement of Conduct
AutoZone
will strive to deal with Vendor in an open, honest manner at all times; AutoZone expects
Vendor to do likewise. AutoZone does not allow gifts or other considerations to be provided to any
AutoZone employees except where these are immaterial. Solicitation of a gift of any kind or value,
or the acceptance of gifts in the form of cash or gift certificates in any amount is expressly
forbidden, AutoZone generally discourages its employees from participating in sponsor contests,
trips, recreational outings, etc., which accrue to the benefit of the employee. However, AutoZone
recognizes that those can sometimes provide mutually beneficial business relationships, and such
employees are expressly required to obtain permission from their direct superiors prior to
participating.
MotorCar Parts of America, Inc.
FMRev.
9/03
Date: 03/31/2009
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
9
AutoZone Parts, Inc.
By the
execution of this Agreement, Vendor agrees to the representations stated above, and on the
preceding pages. Vendor further agrees that AutoZone may rely on these representations in placing
any purchase orders pursuant to information contained in this agreement.
Any changes to this Agreement must be in writing and executed by both parties.
The undersigned in represents and warrants to AutoZone that he/she is fully authorized to execute this
agreement.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact 1 |
|
|
|
|
Vendor: |
|
MotorCar Parts of America, Inc. |
|
Name |
|
John Foster
|
|
|
|
|
|
|
|
|
Title
|
|
VP Marketing
|
By:
|
|
/s/ Selwyn Joffe |
|
Date:
|
|
4/22/09 |
|
Address:
|
|
2929 California Street
|
|
|
(Signature of Principal of the Company)
|
|
|
|
|
|
|
|
Torrance,
|
|
|
|
|
|
|
|
|
|
|
CA.,
|
Print
|
|
|
|
Title |
|
CEO |
|
|
|
90503 |
|
Name:
|
|
Selwyn Joffe |
|
|
|
|
|
|
|
USA
|
|
|
|
|
|
|
|
|
Phone
|
|
(800) 890-9988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AutoZone Parts, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact 2 |
|
|
|
|
By:
|
|
/s/ [*] |
|
Date: |
|
4/27/09 |
|
Name
|
|
Tom Sticker
|
|
|
(Signature of Product Manager)
|
|
|
|
|
|
Title
|
|
VP Sales
|
|
|
|
|
|
|
|
|
Address:
|
|
2929 California Street
|
Print
|
|
|
|
|
|
|
|
|
|
Torrance, |
Name:
|
|
[*] |
|
|
|
|
|
|
|
CA.,
|
|
|
|
|
|
|
|
|
|
|
90503 |
|
By:
|
|
/s/ [*] |
|
Date:
|
|
4/27/09 |
|
|
|
USA
|
|
|
(Signature of Company Officer)
|
|
|
|
|
|
Phone:
|
|
(800) 890-9988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Print
|
|
|
|
|
|
|
|
Contact 3 |
|
|
Name: |
|
[*] |
|
|
|
|
|
Name |
|
Selwyn Joffe |
|
|
|
|
|
|
|
|
Title
|
|
CEO
|
|
|
|
|
|
|
|
|
Address:
|
|
2929 California Street
|
By:
|
|
/s/ [*] |
|
Date:
|
|
4/27/09 |
|
|
|
Torrance,
|
|
|
(Signature of Company Officer)
|
|
|
|
|
|
|
|
CA.,
|
|
|
|
|
|
|
|
|
|
|
90503 |
|
Print
|
|
|
|
|
|
|
|
|
|
USA
|
Name: |
|
[*] |
|
|
|
|
|
Phone:
|
|
(800) 890-9988 |
|
|
|
SVP Merchandising |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MotorCar Parts of America, Inc.
|
|
FMRev. 9/03 |
Date: 03/31/2009
|
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
10
Exhibit 10.2
CORE AMENDMENT
TO
VENDOR AGREEMENT
THIS CORE AMENDMENT to VENDOR AGREEMENT is dated the 31st day of March, 2009
(Amendment), and is attached and made part of the Vendor Agreement dated March 31, 2009 (the
Vendor Agreement), by and between AutoZone Parts, Inc. (AutoZone) and Motorcar Parts of
America, Inc. (MPA), and is likewise incorporated in and made a part of any subsequent amendment
to the Vendor Agreement or superceding Vendor Agreement between Vendor and AutoZone. All
capitalized terms not defined herein shall have the meanings ascribed to them in the Agreement.
1. |
|
The parties hereby agree that the Agreement is hereby modified follows: |
(a) On March 31, 2009, (the Effective Date), MPA agrees to purchase approximately
$[*] of alternator and starter cores from AutoZone (Cores). The Cores are identified on
Exhibit A of this Amendment.
(b) MPA hereby promises to pay to the order of AutoZone approximately $[*] for the
Cores (Core Credit Amount), which amount will be agreed to by the parties no later than May 2,
2009.
(c) Notwithstanding the foregoing and for so long as no Event of Default (as defined below)
exist hereunder, AutoZone hereby agrees to take, in lieu of installment or lump sum payments from
MPA for the Core Credit Amount, monthly credits for the Core Credit Amount commencing May 2, 2009,
and continuing through August 2, 2009, period as follows:
[*]
Any adjustment necessary to reflect the actual amount of the Core Credit Amount shall be reflected
in the August 2, 2009 final credit amount. These credits shall be credited against Vendor invoices
for purchases by AutoZone and its subsidiaries and affiliates. MPA shall issue all applicable
credits for the Core Credit Amount to AutoZone no later than August 2, 2009. AutoZone shall be
entitled to offset all or a portion of the balance of the Core Credit Amount against amounts
AutoZone owes to Vendor at any time in accordance with the terms of the Agreement.
(d) Should Vendor fail to make any payment set forth above, MPA agrees that AutoZone shall be
entitled to seek all remedies available at law or equity in order to enforce the payment of this
obligation in order to satisfy the underlying indebtedness.
(e) Upon default of any payment due under this Amendment or failure to pay any installment of
the Core Credit Amount required herein, the entire balance shall be immediately due and payable.
Any remedy of AutoZone upon default of MPA shall be cumulative and not exclusive and choice of
remedy shall be at the sole election of AutoZone. MPA agrees to pay all costs of collection,
including reasonable attorneys fees, whether or not any suit, civil action, or other proceeding at
law or in equity, is commenced. MPA waives demand, presentment for payment, protest and notice of
protest and nonpayment of any amount
This document contains confidential information of AutoZone Parts, Inc. and shall be governed by the
Confidentiality Agreement entered into between the parties.
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
due under this Amendment and expressly agrees to remain bound for the payment of Core Credit
Amount and other sums provided for by the terms of this Amendment, notwithstanding any extension or
extensions of the time of, or for the payment of, Core Credit Amount.
(f) The occurrence of any of the following shall be Events of Default hereunder:
|
(i) |
|
MPA breaches the terms of this Amendment or the Vendor
Agreement and fails to cure the same within any applicable cure period; |
|
|
(ii) |
|
MPA is or becomes the subject of any bankruptcy, insolvency,
reorganization or appointment of receiver petition or proceeding (whether
voluntary or involuntary) and such petition or proceeding is not dismissed
within 30 days of the commencement of the same; or |
|
|
(iii) |
|
MPA admits in writing insolvency or the inability to pay its
debts generally as they become due. |
2. |
|
The parties hereby agree that the following documents are hereby attached to and incorporated
into the Vendor Agreement by reference (the Additional Documents): |
|
|
|
Amendment No. 1 to Vendor Agreement dated August 22, 2006 |
|
|
|
|
Addendum No. 1 to Amendment No. 1 to Vendor Agreement dated January 8, 2007 |
|
|
|
|
Lift Addendum #1 to Vendor Agreement dated July 7, 2008 |
3. |
|
This Amendment shall take precedence in the event any terms and conditions of the Vendor
Agreement or the Additional Documents conflicts herewith. Except as provided herein, all other
terms and conditions of the Vender Agreement and the Additional Documents shall remain in full
force and effect and are hereby ratified and confirmed. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the
31st day of March, 2009.
|
|
|
|
|
|
|
|
MOTORCAR PARTS OF AMERICA, INC.
|
|
AUTOZONE PARTS, INC. |
|
|
|
|
|
|
|
By:
|
|
/s/ Selwyn Joffe
|
|
By:
|
|
/s/ [*] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name:
|
|
Selwyn Joffe
|
|
Name:
|
|
[*] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Title:
|
|
CEO, President, Chairman
|
|
Title:
|
|
VP Merchandising |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date:
|
|
4/22/09
|
|
Date:
|
|
4/27/09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
|
/s/ [*] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name:
|
|
[*] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Title:
|
|
SVP Merchandising |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date:
|
|
4/27/09 |
|
|
|
|
|
|
|
This document contains confidential information of AutoZone Parts, Inc. and shall be governed by the
Confidentiality Agreement entered into between the parties.
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED
MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION. |
EXHIBIT A
[*]
|
|
|
[*] = |
|
CONFIDENTIAL TREATMENT REQUESTED. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION. |