exhibit 10. 1 november 13, 2012 personal and confidential lawrence p. molloy petsmart, inc. 19601 north 27th avenue phoenix, arizona 85027 dear chip : this letter agreement ( “ agreement ” ) sets forth the terms and conditions of the package we are offering you to retain and reward your services until you leave petsmart. this offer will expire twenty one ( 21 ) calendar days from the letter date above. 1. resignation. you agree that your last day as an executive officer of petsmart, inc. and any of its affiliated entities ( collectively the “ company ” or “ petsmart ” ) will be june 30, 2013 ( the “ transition date ” ). you also agree to voluntarily resign from any position you may hold with the company and its affiliates and subsidiaries effective as of the close of business on march 31, 2014 ( the “ separation date ” ). you agree to sign a resignation letter substantially in the form attached hereto as exhibit d and exhibit e respectively, on each of the transition date and the separation date. 2. transition. in order to allow for an orderly transition of your duties, you agree to continue your employment with the company as executive vice president and chief financial officer through the transition date. during this period you may choose to work from home on fridays. after the transition date and through the separation date ( the “ transition period ” ), you will continue your employment with the company as a special advisor to the chief executive officer. assigned activities will be directed by the chief executive officer and are expected to include, among other things, providing input on required filings with the united states securities and exchange commission ( the “ sec ” ) that are anticipated up until the separation date. you will also provide guidance and transition assistance as requested by the company when the company chooses to hire a new chief financial officer, which may occur at any time prior to the separation date. routine contacts and schedules during the transition period will be mutually agreed upon between you and the chief executive officer. 3. benefits and compensation. except as otherwise provided in this agreement, you will continue to participate in the employee benefit plans maintained by the company during the remainder of your employment in accordance with the applicable terms of each plan. you will cease to participate in such plans effective with the separation date or such earlier date as provided in the applicable employee benefit plan. in the event you terminate your employment before the transition date or separation date, as applicable, the benefits, compensation and other