-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 U9/ySvofMwqF5nvk1sOKs31+v/i89jan7k7MY9McIxFWcYk0fCnLUjf9ofvZ/mBC
 3ilRq7rex7H37Y9yWFtlMQ==

<SEC-DOCUMENT>0000950123-10-032004.txt : 20100405
<SEC-HEADER>0000950123-10-032004.hdr.sgml : 20100405
<ACCEPTANCE-DATETIME>20100405130533
ACCESSION NUMBER:		0000950123-10-032004
CONFORMED SUBMISSION TYPE:	S-4/A
PUBLIC DOCUMENT COUNT:		10
FILED AS OF DATE:		20100405
DATE AS OF CHANGE:		20100405

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARNGAR INC
		CENTRAL INDEX KEY:			0001171047
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-254
		FILM NUMBER:		10730302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVALON FORD INC
		CENTRAL INDEX KEY:			0001171048
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-252
		FILM NUMBER:		10730300

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSEY CADILLAC INC/TX
		CENTRAL INDEX KEY:			0001171049
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-235
		FILM NUMBER:		10730262

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CARSON F INC
		CENTRAL INDEX KEY:			0001171050
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-142
		FILM NUMBER:		10730166

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CARSON LM INC
		CENTRAL INDEX KEY:			0001171051
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-141
		FILM NUMBER:		10730183

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MASSEY CHEVROLET INC
		CENTRAL INDEX KEY:			0001171052
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-85
		FILM NUMBER:		10730132

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC PLYMOUTH CADILLAC INC
		CENTRAL INDEX KEY:			0001171054
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MI

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-114
		FILM NUMBER:		10730119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SANFORD  CADILLAC INC
		CENTRAL INDEX KEY:			0001171055
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-108
		FILM NUMBER:		10730113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 1 LLC
		CENTRAL INDEX KEY:			0001171056
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-59
		FILM NUMBER:		10730102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 2 LLC
		CENTRAL INDEX KEY:			0001171058
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-58
		FILM NUMBER:		10730101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 3 LLC
		CENTRAL INDEX KEY:			0001171059
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-57
		FILM NUMBER:		10730100

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 4 LLC
		CENTRAL INDEX KEY:			0001171060
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-56
		FILM NUMBER:		10730099

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 5 LLC
		CENTRAL INDEX KEY:			0001171062
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-55
		FILM NUMBER:		10730098

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE CALIFORNIA 6 LLC
		CENTRAL INDEX KEY:			0001171063
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-54
		FILM NUMBER:		10730096

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE MICHIGAN 3 LLC
		CENTRAL INDEX KEY:			0001171066
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MI

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-41
		FILM NUMBER:		10730063

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NEVADA 4 LLC
		CENTRAL INDEX KEY:			0001171067
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-37
		FILM NUMBER:		10730059

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NEVADA 5 LLC
		CENTRAL INDEX KEY:			0001171068
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-36
		FILM NUMBER:		10730058

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE SOUTH CAROLINA 3 LLC
		CENTRAL INDEX KEY:			0001171069
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-26
		FILM NUMBER:		10730048

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE SOUTH CAROLINA 4 LLC
		CENTRAL INDEX KEY:			0001171070
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-25
		FILM NUMBER:		10730047

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 4 LP
		CENTRAL INDEX KEY:			0001171071
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-12
		FILM NUMBER:		10730035

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 5 LP
		CENTRAL INDEX KEY:			0001171072
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-01
		FILM NUMBER:		10730034

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 6 LP
		CENTRAL INDEX KEY:			0001171073
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-11
		FILM NUMBER:		10730033

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 7 LP
		CENTRAL INDEX KEY:			0001171074
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-10
		FILM NUMBER:		10730032

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 8 LP
		CENTRAL INDEX KEY:			0001171076
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-09
		FILM NUMBER:		10730031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC ENGLEWOOD M INC
		CENTRAL INDEX KEY:			0001171083
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-131
		FILM NUMBER:		10730155

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC DOWNEY CADILLAC INC
		CENTRAL INDEX KEY:			0001171085
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-132
		FILM NUMBER:		10730156

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC ESTORE INC
		CENTRAL INDEX KEY:			0001171086
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-130
		FILM NUMBER:		10730154

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LONE TREE CADILLAC INC
		CENTRAL INDEX KEY:			0001171088
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-91
		FILM NUMBER:		10730138

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MASSEY CADILLAC LP
		CENTRAL INDEX KEY:			0001171091
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-86
		FILM NUMBER:		10730133

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CADILLAC D LP
		CENTRAL INDEX KEY:			0001171037
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-150
		FILM NUMBER:		10730174

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		SUITE 100
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MASSEY PONTIAC BUICK GMC INC
		CENTRAL INDEX KEY:			0001171222
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-84
		FILM NUMBER:		10730131

	MAIL ADDRESS:	
		STREET 1:		6413 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANK PARRA AUTOPLEX INC
		CENTRAL INDEX KEY:			0001177458
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-242
		FILM NUMBER:		10730269

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AGENCY INC
		CENTRAL INDEX KEY:			0001177459
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-173
		FILM NUMBER:		10730199

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CALABASAS A INC
		CENTRAL INDEX KEY:			0001177460
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-149
		FILM NUMBER:		10730173

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC DENVER VOLKSWAGEN INC
		CENTRAL INDEX KEY:			0001177461
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-135
		FILM NUMBER:		10730159

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC - FRANK PARRA AUTOPLEX LP
		CENTRAL INDEX KEY:			0001177462
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-126
		FILM NUMBER:		10730150

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADI OF THE SOUTHEAST LLC
		CENTRAL INDEX KEY:			0001264940
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-256
		FILM NUMBER:		10730304

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANTREV LLC
		CENTRAL INDEX KEY:			0001264944
		IRS NUMBER:				200150219
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-255
		FILM NUMBER:		10730303

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORT MYERS COLLISION CENTER LLC
		CENTRAL INDEX KEY:			0001264947
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-257
		FILM NUMBER:		10730271

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOUNTAIN STATES MOTORS CO INC
		CENTRAL INDEX KEY:			0001264951
		IRS NUMBER:				841172557
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-234
		FILM NUMBER:		10730261

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CALABASAS V INC
		CENTRAL INDEX KEY:			0001264957
		IRS NUMBER:				760728573
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-147
		FILM NUMBER:		10730171

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CAPITOL IMPORTS INC
		CENTRAL INDEX KEY:			0001264959
		IRS NUMBER:				161616391
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-144
		FILM NUMBER:		10730168

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CHATTANOOGA D EAST LLC
		CENTRAL INDEX KEY:			0001264962
		IRS NUMBER:				562220962
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-140
		FILM NUMBER:		10730164

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC RICHARDSON F LP
		CENTRAL INDEX KEY:			0001126827
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-111
		FILM NUMBER:		10730116

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CARROLLTON V LP
		CENTRAL INDEX KEY:			0001126828
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-143
		FILM NUMBER:		10730167

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC FORT WORTH T LP
		CENTRAL INDEX KEY:			0001126829
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-127
		FILM NUMBER:		10730151

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HMC FINANCE ALABAMA INC
		CENTRAL INDEX KEY:			0001126837
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-240
		FILM NUMBER:		10730267

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			L DEALERSHIP GROUP INC
		CENTRAL INDEX KEY:			0001126838
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-238
		FILM NUMBER:		10730265

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE WEST LLC
		CENTRAL INDEX KEY:			0001126841
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-166
		FILM NUMBER:		10730191

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC DEVELOPMENT LLC
		CENTRAL INDEX KEY:			0001126843
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-134
		FILM NUMBER:		10730158

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FITZGERALD CHEVORLET LLC
		DATE OF NAME CHANGE:	20001020

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LAS VEGAS C EAST LLC
		CENTRAL INDEX KEY:			0001126844
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-95
		FILM NUMBER:		10730142

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LAS VEGAS C WEST LLC
		CENTRAL INDEX KEY:			0001126845
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-94
		FILM NUMBER:		10730141

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC RIVERSIDE AUTO FACTORY INC
		CENTRAL INDEX KEY:			0001126846
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-110
		FILM NUMBER:		10730115

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC VOLVO LV LLC
		CENTRAL INDEX KEY:			0001126847
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-75
		FILM NUMBER:		10730080

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 1495 AUTOMALL DR COLUMBUS INC
		CENTRAL INDEX KEY:			0001128642
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-165
		FILM NUMBER:		10730190

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC FORT MILL CHRYSLER JEEP INC
		CENTRAL INDEX KEY:			0001071699
		IRS NUMBER:				562044964
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-129
		FILM NUMBER:		10730153

	BUSINESS ADDRESS:	
		STREET 1:		330 NORTH ANDERSON ROAD
		CITY:			ROCK HILL
		STATE:			SC
		ZIP:			29730
		BUSINESS PHONE:		8033244042

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOWN & COUNTRY CHRYSLER PLYMOUTH JEEP OF ROCK HILL INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOWN & COUNTRY FORD INC
		CENTRAL INDEX KEY:			0001071701
		IRS NUMBER:				560887416
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-05
		FILM NUMBER:		10730027

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		8033244042

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHILPOTT MOTORS LTD
		CENTRAL INDEX KEY:			0001162906
		IRS NUMBER:				760608365
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-232
		FILM NUMBER:		10730259

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC BUENA PARK H INC
		CENTRAL INDEX KEY:			0001162908
		IRS NUMBER:				330978079
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-151
		FILM NUMBER:		10730175

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC COAST CADILLAC INC
		CENTRAL INDEX KEY:			0001162909
		IRS NUMBER:				954711579
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-137
		FILM NUMBER:		10730161

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC HARBOR CITY H INC
		CENTRAL INDEX KEY:			0001162910
		IRS NUMBER:				954876347
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-124
		FILM NUMBER:		10730148

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC HOUSTON V L P
		CENTRAL INDEX KEY:			0001162911
		IRS NUMBER:				760684038
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-121
		FILM NUMBER:		10730146

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC UNIVERSITY PARK A LP
		CENTRAL INDEX KEY:			0001162912
		IRS NUMBER:				752963437
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-96
		FILM NUMBER:		10730081

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC PARK PLACE A L P
		DATE OF NAME CHANGE:	20011129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC WEST COVINA T INC
		CENTRAL INDEX KEY:			0001162913
		IRS NUMBER:				954876089
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-73
		FILM NUMBER:		10730078

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SATURN OF SILICON VALLEY INC
		CENTRAL INDEX KEY:			0001271098
		IRS NUMBER:				200163283
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-105
		FILM NUMBER:		10730089

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTT
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC STONE MOUNTAIN T LP
		CENTRAL INDEX KEY:			0001274231
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-100
		FILM NUMBER:		10730084

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRSTAMERICA AUTOMOTIVE INC /DE/
		CENTRAL INDEX KEY:			0000766886
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				880206732
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-259
		FILM NUMBER:		10730273

	BUSINESS ADDRESS:	
		STREET 1:		601 BRANNAN STREET
		STREET 2:		C/O S EDMUND RESCINITI
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107
		BUSINESS PHONE:		7023294990

	MAIL ADDRESS:	
		STREET 1:		601 BRANNAN STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC NATIONAL VENTURE INC
		DATE OF NAME CHANGE:	19980501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE INC
		CENTRAL INDEX KEY:			0001043509
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				562010790
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0207

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718
		FILM NUMBER:		10730023

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BLVD
		STREET 2:		PO BOX 18747
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045323354

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 2752 LAURENS RD GREENVILLE INC
		CENTRAL INDEX KEY:			0001071682
		IRS NUMBER:				582384996
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-181
		FILM NUMBER:		10730185

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		8642346437

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 2752 LAVEENS RD GREENVILLE INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 2490 SOUTH LEE HIGHWAY LLC
		CENTRAL INDEX KEY:			0001071683
		IRS NUMBER:				621708486
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-161
		FILM NUMBER:		10730186

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		4234785301

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRONTIER OLDSMOBILE CADILLAC INC
		CENTRAL INDEX KEY:			0001071684
		IRS NUMBER:				561621461
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-241
		FILM NUMBER:		10730268

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7042837594

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE OF NEVADA INC
		CENTRAL INDEX KEY:			0001071685
		IRS NUMBER:				880378636
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-169
		FILM NUMBER:		10730194

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7028662222

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Columbus Motors, LLC
		CENTRAL INDEX KEY:			0001071686
		IRS NUMBER:				311604259
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-244
		FILM NUMBER:		10730232

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		6148709559

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 1400 AUTOMALL DR COLUMBUS INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC4, INC.
		CENTRAL INDEX KEY:			0001071687
		IRS NUMBER:				593523302
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-217
		FILM NUMBER:		10730226

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		9044289094

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 1307 N DIXIE HWY NSB INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 1720 MASON AVE DB INC
		CENTRAL INDEX KEY:			0001071689
		IRS NUMBER:				593523303
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-164
		FILM NUMBER:		10730189

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		9042744775

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 1720 MASON AVE DB LLC
		CENTRAL INDEX KEY:			0001071690
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-163
		FILM NUMBER:		10730188

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENC BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		9042744775

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC3, INC.
		CENTRAL INDEX KEY:			0001071691
		IRS NUMBER:				593523301
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-218
		FILM NUMBER:		10730227

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		904271313

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 1919 N DIXIE HWY NSB INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Columbus T, LLC
		CENTRAL INDEX KEY:			0001071692
		IRS NUMBER:				311604285
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-222
		FILM NUMBER:		10730231

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		6148708200

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 1500 AUTOMALL DR COLUMBUS INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Columbus VWK, LLC
		CENTRAL INDEX KEY:			0001071693
		IRS NUMBER:				311604276
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-221
		FILM NUMBER:		10730230

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		6148705425

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 1455 AUTOMALL DR COLUMBUS INC
		DATE OF NAME CHANGE:	19981006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 4000 WEST BROAD ST COLUMBUS INC
		CENTRAL INDEX KEY:			0001071694
		IRS NUMBER:				311604301
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-158
		FILM NUMBER:		10730182

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE AVE
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		6148705425

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC PEACHTREE INDUSTRIAL BLVD LP
		CENTRAL INDEX KEY:			0001071697
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-115
		FILM NUMBER:		10730120

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7704520077

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Nashville H, LLC
		CENTRAL INDEX KEY:			0001071698
		IRS NUMBER:				621708487
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-197
		FILM NUMBER:		10730241

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CREST H LLC
		DATE OF NAME CHANGE:	20020412

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOWN & COUNTRY DODGE OF CHATTANOOGA LLC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Clearwater T, LLC
		CENTRAL INDEX KEY:			0001071700
		IRS NUMBER:				593501017
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-224
		FILM NUMBER:		10730233

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		8137991234

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		5401 E. INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE CLEARWATER INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Charlotte M, LLC
		CENTRAL INDEX KEY:			0001071702
		IRS NUMBER:				562044965
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-225
		FILM NUMBER:		10730234

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD, SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7048927800

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD, SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC LAKE NORMAN DODGE LLC
		DATE OF NAME CHANGE:	20011207

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC DODGE LLC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORNERSTONE ACCEPTANCE Corp
		CENTRAL INDEX KEY:			0001071703
		IRS NUMBER:				593532504
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-250
		FILM NUMBER:		10730298

	BUSINESS ADDRESS:	
		STREET 1:		3741 S NOVA RD
		CITY:			POET ORANGE
		STATE:			FL
		ZIP:			32199
		BUSINESS PHONE:		9043221020

	MAIL ADDRESS:	
		STREET 1:		3741 S NOVA RD
		CITY:			POET ORANGE
		STATE:			FL
		ZIP:			32199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 3741 S NOVA RD PO INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 2424 LAURENS RD GREENVILLE INC
		CENTRAL INDEX KEY:			0001071704
		IRS NUMBER:				582384994
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-162
		FILM NUMBER:		10730187

	BUSINESS ADDRESS:	
		STREET 1:		2424 LAURENS RD
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29607
		BUSINESS PHONE:		8642346400

	MAIL ADDRESS:	
		STREET 1:		2424 LAURENS RD
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29607

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC FORT MILL DODGE INC
		CENTRAL INDEX KEY:			0001071705
		IRS NUMBER:				582285505
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-128
		FILM NUMBER:		10730152

	BUSINESS ADDRESS:	
		STREET 1:		3310 HIGHWAY 51 CAROWINDS BLVD
		CITY:			FORT MILL
		STATE:			SC
		ZIP:			29715
		BUSINESS PHONE:		7043754799

	MAIL ADDRESS:	
		STREET 1:		3310 HIGHWAY 51 CAROWINDS BLVD
		CITY:			FORT MILL
		STATE:			SC
		ZIP:			29715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORT MILL CHRYSLER PLYMOUTH DODGE INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 3700 W BROAD ST COLUMBUS INC
		CENTRAL INDEX KEY:			0001071706
		IRS NUMBER:				593532504
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-159
		FILM NUMBER:		10730202

	BUSINESS ADDRESS:	
		STREET 1:		3700 W BROAD ST
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43228
		BUSINESS PHONE:		6122728100

	MAIL ADDRESS:	
		STREET 1:		3700 W BROAD ST
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC2, INC.
		CENTRAL INDEX KEY:			0001071707
		IRS NUMBER:				593532504
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-219
		FILM NUMBER:		10730228

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			21212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			21212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 21699 US HWY 19 N INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 5260 PEACHTREE INDUSTRIAL BLVD LLC
		CENTRAL INDEX KEY:			0001071708
		IRS NUMBER:				621716095
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-155
		FILM NUMBER:		10730179

	BUSINESS ADDRESS:	
		STREET 1:		5260 PEACHTREE INDUSTRIAL BLVD
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341
		BUSINESS PHONE:		7704520077

	MAIL ADDRESS:	
		STREET 1:		5260 PEACHTREE INDUSTRIAL BLVD
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORT MILL FORD INC
		CENTRAL INDEX KEY:			0001071709
		IRS NUMBER:				621289609
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-258
		FILM NUMBER:		10730272

	BUSINESS ADDRESS:	
		STREET 1:		788 GOLD MILL ROAD
		CITY:			FORT MILL
		STATE:			SC
		ZIP:			29715
		BUSINESS PHONE:		7043778877

	MAIL ADDRESS:	
		STREET 1:		788 GOLD MILL ROAD
		CITY:			FORT MILL
		STATE:			SC
		ZIP:			29715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC5, INC.
		CENTRAL INDEX KEY:			0001071711
		IRS NUMBER:				593532504
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-216
		FILM NUMBER:		10730225

	BUSINESS ADDRESS:	
		STREET 1:		241 RIDGEWOOD AVE
		CITY:			HOLLY HILL
		STATE:			FL
		ZIP:			32117
		BUSINESS PHONE:		9042548441

	MAIL ADDRESS:	
		STREET 1:		241 RIDGEWOOD AVE
		CITY:			HOLLY HILL
		STATE:			FL
		ZIP:			32117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 241 RIDGEWOOD AVE HH INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI TN HC2, LLC
		CENTRAL INDEX KEY:			0001071712
		IRS NUMBER:				621708490
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-180
		FILM NUMBER:		10730206

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE 6025 INTERNATIONAL DR LLC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI TN HC3, LLC
		CENTRAL INDEX KEY:			0001071713
		IRS NUMBER:				621708484
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-179
		FILM NUMBER:		10730205

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOWN & COUNTRY FORD OF CLEVELAND LLC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC7, Inc.
		CENTRAL INDEX KEY:			0001071715
		IRS NUMBER:				592214873
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-214
		FILM NUMBER:		10730223

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			21212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			21212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREEDOM FORD INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE OF CHATTANOOGA LLC
		CENTRAL INDEX KEY:			0001071716
		IRS NUMBER:				621708471
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-171
		FILM NUMBER:		10730196

	BUSINESS ADDRESS:	
		STREET 1:		5949 BRAINERD ROAD
		CITY:			CHATTANOOGA
		STATE:			TN
		ZIP:			37421
		BUSINESS PHONE:		4238945660

	MAIL ADDRESS:	
		STREET 1:		5949 BRAINERD ROAD
		CITY:			CHATTANOOGA
		STATE:			TN
		ZIP:			37421

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Montgomery CH, LLC
		CENTRAL INDEX KEY:			0001071717
		IRS NUMBER:				631204447
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-199
		FILM NUMBER:		10730243

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAPITAL CHEVROLET & IMPORTS INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CASA FORD OF HOUSTON INC
		CENTRAL INDEX KEY:			0001071718
		IRS NUMBER:				760430684
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-251
		FILM NUMBER:		10730299

	BUSINESS ADDRESS:	
		STREET 1:		4701 I-10 EAST
		CITY:			BAYTOWN
		STATE:			TX
		ZIP:			77521
		BUSINESS PHONE:		2814715550

	MAIL ADDRESS:	
		STREET 1:		4701 I-10 EAST
		CITY:			BAYTOWN
		STATE:			TX
		ZIP:			77521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE OF NASHVILLE LLC
		CENTRAL INDEX KEY:			0001071720
		IRS NUMBER:				621708481
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-170
		FILM NUMBER:		10730195

	BUSINESS ADDRESS:	
		STREET 1:		4040 AMORY OAKS DRIVE
		CITY:			NASHVILLE
		STATE:			TN
		ZIP:			37204
		BUSINESS PHONE:		6152545641

	MAIL ADDRESS:	
		STREET 1:		4040AMORY OAKS DRIVE
		CITY:			NASHVILLE
		STATE:			TN
		ZIP:			37204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI TN HC1, LLC
		CENTRAL INDEX KEY:			0001071727
		IRS NUMBER:				621708491
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-202
		FILM NUMBER:		10730207

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOWN & COUNTRY JAGUAR LLC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARCUS DAVID CORP
		CENTRAL INDEX KEY:			0001071728
		IRS NUMBER:				561708384
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-237
		FILM NUMBER:		10730264

	BUSINESS ADDRESS:	
		STREET 1:		9101 S BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273
		BUSINESS PHONE:		7045527600

	MAIL ADDRESS:	
		STREET 1:		9101 S BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28273

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC1, INC.
		CENTRAL INDEX KEY:			0001071729
		IRS NUMBER:				593501024
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-220
		FILM NUMBER:		10730229

	BUSINESS ADDRESS:	
		STREET 1:		2300 DREW ST
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34625
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		2300 DREW ST
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE COLLISION CENTER OF CLEARWATER INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Georgia, LLC
		CENTRAL INDEX KEY:			0001071730
		IRS NUMBER:				582399219
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-208
		FILM NUMBER:		10730252

	BUSINESS ADDRESS:	
		STREET 1:		5260 PEACHTREE INDUSTRIAL BLVD
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341
		BUSINESS PHONE:		7704520077

	MAIL ADDRESS:	
		STREET 1:		5260 PEACHTREE INDUSTRIAL BLVD
		CITY:			CHAMBLEE
		STATE:			GA
		ZIP:			30341

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE OF GEORGIA INC
		DATE OF NAME CHANGE:	19981007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC NEWSOME CHEVROLET WORLD INC
		CENTRAL INDEX KEY:			0001117798
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-79
		FILM NUMBER:		10730126

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI AL HC1, INC.
		CENTRAL INDEX KEY:			0001117800
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-230
		FILM NUMBER:		10730257

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC MONTGOMERY FLM INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI MD HC1, INC.
		CENTRAL INDEX KEY:			0001117801
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-203
		FILM NUMBER:		10730247

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC MANHATTAN WALDORF INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MANHATTAN FAIRFAX INC
		CENTRAL INDEX KEY:			0001117802
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-87
		FILM NUMBER:		10730134

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LUTE RILEY LP
		CENTRAL INDEX KEY:			0001117803
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-88
		FILM NUMBER:		10730135

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LLOYD PONTIAC CADILLAC INC
		CENTRAL INDEX KEY:			0001117804
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-92
		FILM NUMBER:		10730139

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LLOYD NISSAN INC
		CENTRAL INDEX KEY:			0001117805
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-93
		FILM NUMBER:		10730140

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC INTEGRITY DODGE LV LLC
		CENTRAL INDEX KEY:			0001117806
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-120
		FILM NUMBER:		10730145

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI OK HC1, INC.
		CENTRAL INDEX KEY:			0001117807
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-192
		FILM NUMBER:		10730218

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC GLOVER INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Atlanta B, LLC
		CENTRAL INDEX KEY:			0001117809
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-227
		FILM NUMBER:		10730236

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC GLOBAL IMPORTS LP
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Fort Myers H, LLC
		CENTRAL INDEX KEY:			0001117810
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-212
		FILM NUMBER:		10730221

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FREELAND INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Fort Myers VW, LLC
		CENTRAL INDEX KEY:			0001117812
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-210
		FILM NUMBER:		10730254

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FM VW INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Orlando CS, LLC
		CENTRAL INDEX KEY:			0001117813
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-188
		FILM NUMBER:		10730214

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC NORTH CADILLAC INC
		DATE OF NAME CHANGE:	20020412

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FM NISSAN INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Fort Myers B, LLC
		CENTRAL INDEX KEY:			0001117814
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-213
		FILM NUMBER:		10730222

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FM INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Fort Myers M, LLC
		CENTRAL INDEX KEY:			0001117816
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-211
		FILM NUMBER:		10730255

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC FM AUTOMOTIVE LLC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Montgomery B, LLC
		CENTRAL INDEX KEY:			0001117817
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-201
		FILM NUMBER:		10730245

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CLASSIC DODGE INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LAKE NORMAN CHRYSLER JEEP LLC
		CENTRAL INDEX KEY:			0001117818
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-118
		FILM NUMBER:		10730143

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD, SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CHRYSLER PLYMOUTH JEEP LLC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CAMP FORD LP
		CENTRAL INDEX KEY:			0001117820
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-146
		FILM NUMBER:		10730170

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC 2185 CHAPMAN RD CHATTANOOGA LLC
		CENTRAL INDEX KEY:			0001117821
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-152
		FILM NUMBER:		10730176

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 9103 E INDEPENDENCE NC LLC
		CENTRAL INDEX KEY:			0001117822
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-153
		FILM NUMBER:		10730177

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 6008 N DALE MABRY FL INC
		CENTRAL INDEX KEY:			0001117824
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-154
		FILM NUMBER:		10730178

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 5221 I 10 EAST TX LP
		CENTRAL INDEX KEY:			0001117825
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-156
		FILM NUMBER:		10730180

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 4701 I 10 EAST TX LP
		CENTRAL INDEX KEY:			0001117826
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-157
		FILM NUMBER:		10730181

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE 3401 N MAIN TX LP
		CENTRAL INDEX KEY:			0001117827
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-160
		FILM NUMBER:		10730184

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE OF TEXAS LP
		CENTRAL INDEX KEY:			0001117828
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-168
		FILM NUMBER:		10730193

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI FL HC6, INC.
		CENTRAL INDEX KEY:			0001117830
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-215
		FILM NUMBER:		10730224

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE BONDESEN INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANTA CLARA IMPORTED CARS INC
		CENTRAL INDEX KEY:			0001117832
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-175
		FILM NUMBER:		10730201

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYAL MOTOR CO INC
		CENTRAL INDEX KEY:			0001117833
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-231
		FILM NUMBER:		10730258

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Tulsa N, LLC
		CENTRAL INDEX KEY:			0001117834
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-178
		FILM NUMBER:		10730204

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RIVERSIDE NISSAN INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KRAMER MOTORS INC
		CENTRAL INDEX KEY:			0001117838
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-239
		FILM NUMBER:		10730266

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANCISCAN MOTORS INC
		CENTRAL INDEX KEY:			0001117839
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-243
		FILM NUMBER:		10730270

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANCISCAR MOTORS INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA TORRANCE CPJ INC
		CENTRAL INDEX KEY:			0001117841
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-260
		FILM NUMBER:		10730274

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA STEVENS CREEK INC
		CENTRAL INDEX KEY:			0001117842
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-261
		FILM NUMBER:		10730275

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA SERRAMONTE INC
		CENTRAL INDEX KEY:			0001117843
		IRS NUMBER:				943264554
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-264
		FILM NUMBER:		10730278

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA SERRAMONTE L INC
		CENTRAL INDEX KEY:			0001117844
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-262
		FILM NUMBER:		10730276

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA SERRAMONTE H INC
		CENTRAL INDEX KEY:			0001117845
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-263
		FILM NUMBER:		10730277

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA SANTA MONICA V INC
		CENTRAL INDEX KEY:			0001117847
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-265
		FILM NUMBER:		10730279

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA SAN BRUNO INC
		CENTRAL INDEX KEY:			0001117848
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-266
		FILM NUMBER:		10730280

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA POWAY T INC
		CENTRAL INDEX KEY:			0001117849
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-267
		FILM NUMBER:		10730281

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA POWAY H INC
		CENTRAL INDEX KEY:			0001117850
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-268
		FILM NUMBER:		10730282

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA POWAY G INC
		CENTRAL INDEX KEY:			0001117851
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-269
		FILM NUMBER:		10730283

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA MARIN LR INC
		CENTRAL INDEX KEY:			0001117854
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-270
		FILM NUMBER:		10730284

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA MARIN F INC
		CENTRAL INDEX KEY:			0001117855
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-271
		FILM NUMBER:		10730285

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA LAS VEGAS H INC
		CENTRAL INDEX KEY:			0001117857
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-272
		FILM NUMBER:		10730286

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA HOLDING CORP
		CENTRAL INDEX KEY:			0001117858
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-273
		FILM NUMBER:		10730287

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA DUBLIN VWD INC
		CENTRAL INDEX KEY:			0001117859
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-274
		FILM NUMBER:		10730288

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA DUBLIN N INC
		CENTRAL INDEX KEY:			0001117860
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-275
		FILM NUMBER:		10730289

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA CONCORD T INC
		CENTRAL INDEX KEY:			0001117862
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-276
		FILM NUMBER:		10730290

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA CONCORD N INC
		CENTRAL INDEX KEY:			0001117863
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-277
		FILM NUMBER:		10730291

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA CONCORD H INC
		CENTRAL INDEX KEY:			0001117864
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-245
		FILM NUMBER:		10730292

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA CAPITOL N INC
		CENTRAL INDEX KEY:			0001117865
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-246
		FILM NUMBER:		10730305

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA BEVERLY HILLS INC
		CENTRAL INDEX KEY:			0001117866
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-248
		FILM NUMBER:		10730295

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA AUTO FACTORY INC
		CENTRAL INDEX KEY:			0001117867
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-249
		FILM NUMBER:		10730297

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC-STEVENS CREEK B INC
		CENTRAL INDEX KEY:			0001117869
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-101
		FILM NUMBER:		10730085

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Montgomery BCH, LLC
		CENTRAL INDEX KEY:			0001117870
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-200
		FILM NUMBER:		10730244

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COBB PONTIAC CADILLAC INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUTOBAHN INC
		CENTRAL INDEX KEY:			0001117871
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-253
		FILM NUMBER:		10730301

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WINDWARD INC
		CENTRAL INDEX KEY:			0001117872
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-03
		FILM NUMBER:		10730025

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VILLAGE IMPORTED CARS INC
		CENTRAL INDEX KEY:			0001117873
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-04
		FILM NUMBER:		10730026

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STEVENS CREEK CADILLAC INC
		CENTRAL INDEX KEY:			0001117875
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-06
		FILM NUMBER:		10730028

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE VIRGINIA 1 LLC
		CENTRAL INDEX KEY:			0001117876
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-08
		FILM NUMBER:		10730030

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 3 LP
		CENTRAL INDEX KEY:			0001117877
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-13
		FILM NUMBER:		10730036

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 2 LP
		CENTRAL INDEX KEY:			0001117878
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-14
		FILM NUMBER:		10730054

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TEXAS 1 LP
		CENTRAL INDEX KEY:			0001117879
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-15
		FILM NUMBER:		10730037

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 3 LLC
		CENTRAL INDEX KEY:			0001117880
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-22
		FILM NUMBER:		10730044

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 2 LLC
		CENTRAL INDEX KEY:			0001117881
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-23
		FILM NUMBER:		10730045

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 1 LLC
		CENTRAL INDEX KEY:			0001117882
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-24
		FILM NUMBER:		10730046

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE SOUTH CAROLINA 2 LLC
		CENTRAL INDEX KEY:			0001117883
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-27
		FILM NUMBER:		10730049

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NEVADA 3 LLC
		CENTRAL INDEX KEY:			0001117885
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-38
		FILM NUMBER:		10730060

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NEVADA 2 LLC
		CENTRAL INDEX KEY:			0001117886
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-39
		FILM NUMBER:		10730061

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NEVADA 1 LLC
		CENTRAL INDEX KEY:			0001117887
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-40
		FILM NUMBER:		10730062

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE HOLDING LLC
		CENTRAL INDEX KEY:			0001117888
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-44
		FILM NUMBER:		10730066

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE GEORGIA 3 LP
		CENTRAL INDEX KEY:			0001117889
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-45
		FILM NUMBER:		10730067

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE GEORGIA 2 LP
		CENTRAL INDEX KEY:			0001117890
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-46
		FILM NUMBER:		10730068

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE GEORGIA 1 LP
		CENTRAL INDEX KEY:			0001117891
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-47
		FILM NUMBER:		10730069

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE FLORIDA 3 LLC
		CENTRAL INDEX KEY:			0001117892
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-48
		FILM NUMBER:		10730070

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE FLORIDA 2 LLC
		CENTRAL INDEX KEY:			0001117893
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-49
		FILM NUMBER:		10730071

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE FLORIDA 1 LLC
		CENTRAL INDEX KEY:			0001117894
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-50
		FILM NUMBER:		10730090

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			S REAL ESTATE ARIZONA 4 LLC
		CENTRAL INDEX KEY:			0001117895
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-63
		FILM NUMBER:		10730106

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			S REAL ESTATE ARIZONA 3 LLC
		CENTRAL INDEX KEY:			0001117896
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-64
		FILM NUMBER:		10730107

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			S REAL ESTATE ARIZONA 2 LLC
		CENTRAL INDEX KEY:			0001117897
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-65
		FILM NUMBER:		10730108

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			S REAL ESTATE ARIZONA 1 LLC
		CENTRAL INDEX KEY:			0001117898
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-66
		FILM NUMBER:		10730109

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE ALABAMA 3 LLC
		CENTRAL INDEX KEY:			0001117899
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-69
		FILM NUMBER:		10730074

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE ALABAMA 2 LLC
		CENTRAL INDEX KEY:			0001117900
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-70
		FILM NUMBER:		10730075

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Broken Arrow C, LLC
		CENTRAL INDEX KEY:			0001117902
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-226
		FILM NUMBER:		10730235

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPEEDWAY CHEVROLET INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Irondale L, LLC
		CENTRAL INDEX KEY:			0001117903
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-206
		FILM NUMBER:		10730250

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC WILLIAMS MOTORS LLC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Irondale Imports, LLC
		CENTRAL INDEX KEY:			0001117904
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-207
		FILM NUMBER:		10730251

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC WILLIAMS IMPORTS INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC WILLIAMS CADILLAC INC
		CENTRAL INDEX KEY:			0001117905
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-72
		FILM NUMBER:		10730077

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI AL HC2, INC.
		CENTRAL INDEX KEY:			0001117906
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-229
		FILM NUMBER:		10730256

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC WILLIAMS BUICK INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC OF TEXAS INC
		CENTRAL INDEX KEY:			0001117907
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-117
		FILM NUMBER:		10730122

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SHOTTENKIRK INC
		CENTRAL INDEX KEY:			0001117909
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-103
		FILM NUMBER:		10730087

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SAM WHITE NISSAN LP
		CENTRAL INDEX KEY:			0001117911
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-109
		FILM NUMBER:		10730114

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC WHITE SAM NISSAN LP
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Rockville L, LLC
		CENTRAL INDEX KEY:			0001117912
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-183
		FILM NUMBER:		10730209

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC ROCKVILLE MOTORS INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Rockville Imports, LLC
		CENTRAL INDEX KEY:			0001117913
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-184
		FILM NUMBER:		10730210

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC ROCKVILLE IMPORTS INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Riverside C, LLC
		CENTRAL INDEX KEY:			0001117914
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-185
		FILM NUMBER:		10730211

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC RIVERSIDE INC
		DATE OF NAME CHANGE:	20000630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC READING LP
		CENTRAL INDEX KEY:			0001117915
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-113
		FILM NUMBER:		10730118

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC NORTH CHARLESTON DODGE INC
		CENTRAL INDEX KEY:			0001117916
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-76
		FILM NUMBER:		10730123

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC NORTH CHARLESTON INC
		CENTRAL INDEX KEY:			0001117917
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-77
		FILM NUMBER:		10730124

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC NEWSOME OF FLORENCE INC
		CENTRAL INDEX KEY:			0001117918
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-78
		FILM NUMBER:		10730125

	BUSINESS ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		SONIC AUTOMOTIVE INC
		STREET 2:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC AUTOMOTIVE F&I, LLC
		CENTRAL INDEX KEY:			0001126839
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-172
		FILM NUMBER:		10730198

	BUSINESS ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		6415 IDLEWILD ROAD, SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2400

	MAIL ADDRESS:	
		STREET 1:		C/O SONIC AUTOMOTIVE INC
		STREET 2:		6415 IDLEWILD ROAD, SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC AUTOMOTIVE FEI LLC
		DATE OF NAME CHANGE:	20001020

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAA CAPITOL F INC
		CENTRAL INDEX KEY:			0001162904
		IRS NUMBER:				943350030
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-247
		FILM NUMBER:		10730294

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FAA CAPITAL F INC
		DATE OF NAME CHANGE:	20011129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Oklahoma City H, LLC
		CENTRAL INDEX KEY:			0001162907
		IRS NUMBER:				731620712
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-190
		FILM NUMBER:		10730216

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC BETHANY H INC
		DATE OF NAME CHANGE:	20011129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Oklahoma City C, LLC
		CENTRAL INDEX KEY:			0001162914
		IRS NUMBER:				731618268
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-191
		FILM NUMBER:		10730217

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC WEST RENO CHEVROLET INC
		DATE OF NAME CHANGE:	20011129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI OH HC1, INC.
		CENTRAL INDEX KEY:			0001162915
		IRS NUMBER:				310743366
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-193
		FILM NUMBER:		10730219

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CAPITAL CHEVROLET INC
		DATE OF NAME CHANGE:	20011129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LS LLC
		CENTRAL INDEX KEY:			0001163503
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-90
		FILM NUMBER:		10730137

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		STE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		STE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC RESOURCES INC
		CENTRAL INDEX KEY:			0001163685
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-112
		FILM NUMBER:		10730117

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		STE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		100 N TRYON ST
		STREET 2:		STE 4700
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202-4003

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CAPITOL CADILLAC INC
		CENTRAL INDEX KEY:			0001171038
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-145
		FILM NUMBER:		10730169

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		SUITE 100
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		SUITE 100
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CAPITAL CADILLAC INC
		DATE OF NAME CHANGE:	20020412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSEY CADILLAC INC
		CENTRAL INDEX KEY:			0001171039
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TN

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-236
		FILM NUMBER:		10730263

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		SUITE 100
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD RD
		STREET 2:		SUITE 100
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Tulsa T, LLC
		CENTRAL INDEX KEY:			0001177463
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-177
		FILM NUMBER:		10730203

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC OKLAHOMA T INC
		DATE OF NAME CHANGE:	20020716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI GA HC1, LP
		CENTRAL INDEX KEY:			0001177465
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-209
		FILM NUMBER:		10730253

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC  STONE MOUNTAIN CHEVROLET LP
		DATE OF NAME CHANGE:	20020716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Ann Arbor Imports, LLC
		CENTRAL INDEX KEY:			0001264954
		IRS NUMBER:				200073215
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-228
		FILM NUMBER:		10730237

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		7045662420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHAROTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC ANN ARBOR IMPORTS INC
		DATE OF NAME CHANGE:	20030926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CLEAR LAKE VOLKSWAGEN LP
		CENTRAL INDEX KEY:			0001264967
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-138
		FILM NUMBER:		10730162

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Nashville CSH, LLC
		CENTRAL INDEX KEY:			0001264968
		IRS NUMBER:				621708483
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-198
		FILM NUMBER:		10730242

	BUSINESS ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		5401 E INDEPENDENCE BLVD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC CREST CADILLAC LLC
		DATE OF NAME CHANGE:	20030926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC DENVER T INC
		CENTRAL INDEX KEY:			0001264969
		IRS NUMBER:				753092054
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-136
		FILM NUMBER:		10730160

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Walnut Creek M, Inc.
		CENTRAL INDEX KEY:			0001264970
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-74
		FILM NUMBER:		10730079

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC DUBLIN M INC
		DATE OF NAME CHANGE:	20030926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC JERSEY VILLIAGE VOLKSWAGEN LP
		CENTRAL INDEX KEY:			0001264971
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-119
		FILM NUMBER:		10730144

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC LS CHEVROLET LP
		CENTRAL INDEX KEY:			0001264979
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-89
		FILM NUMBER:		10730136

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MESQUITE HYUNDAI LP
		CENTRAL INDEX KEY:			0001264985
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-83
		FILM NUMBER:		10730130

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC MOMENTUM VWA LP
		CENTRAL INDEX KEY:			0001264987
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-80
		FILM NUMBER:		10730127

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC CLEAR LAKE N, L.P.
		CENTRAL INDEX KEY:			0001264989
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-139
		FILM NUMBER:		10730163

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SONIC SAM WHITE OLDSMOBILE LP
		DATE OF NAME CHANGE:	20030926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SERRAMONTE I INC
		CENTRAL INDEX KEY:			0001264990
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-104
		FILM NUMBER:		10730088

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIC SOUTH CADILLAC INC
		CENTRAL INDEX KEY:			0001264992
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-102
		FILM NUMBER:		10730086

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Oklahoma City T, LLC
		CENTRAL INDEX KEY:			0001264995
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-189
		FILM NUMBER:		10730215

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704 566 2420

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WRANGLER INVESTMENTS INC
		DATE OF NAME CHANGE:	20030926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Z MANAGEMENT INC
		CENTRAL INDEX KEY:			0001264996
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-02
		FILM NUMBER:		10730024

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE ALABAMA 4 LLC
		CENTRAL INDEX KEY:			0001264998
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-68
		FILM NUMBER:		10730073

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE ALABAMA 5 LLC
		CENTRAL INDEX KEY:			0001264999
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-67
		FILM NUMBER:		10730110

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SREALESTATE ARIZONA 5 LLC
		CENTRAL INDEX KEY:			0001265001
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-62
		FILM NUMBER:		10730105

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SREALESTATE ARIZONA 6 LLC
		CENTRAL INDEX KEY:			0001265002
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-61
		FILM NUMBER:		10730104

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SREALESTATE ARIZONA 7 LLC
		CENTRAL INDEX KEY:			0001265003
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-60
		FILM NUMBER:		10730103

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE COLORADO 1 LLC
		CENTRAL INDEX KEY:			0001265005
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-53
		FILM NUMBER:		10730093

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE COLORADO 2 LLC
		CENTRAL INDEX KEY:			0001265006
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-52
		FILM NUMBER:		10730092

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE COLORADO 3 LLC
		CENTRAL INDEX KEY:			0001265007
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-51
		FILM NUMBER:		10730091

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE MARYLAND 1 LLC
		CENTRAL INDEX KEY:			0001265008
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-43
		FILM NUMBER:		10730065

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NORTH CAROLINA 1 LLC
		CENTRAL INDEX KEY:			0001265009
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-35
		FILM NUMBER:		10730057

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NORTH CAROLINA 2 LLC
		CENTRAL INDEX KEY:			0001265010
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-34
		FILM NUMBER:		10730056

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE NORTH CAROLINA 3 LLC
		CENTRAL INDEX KEY:			0001265012
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-33
		FILM NUMBER:		10730055

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE OKLAHOMA 1 LLC
		CENTRAL INDEX KEY:			0001265013
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-32
		FILM NUMBER:		10730072

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE OKLAHOMA 2 LLC
		CENTRAL INDEX KEY:			0001265014
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-31
		FILM NUMBER:		10730053

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE OKLAHOMA 3 LLC
		CENTRAL INDEX KEY:			0001265015
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-30
		FILM NUMBER:		10730052

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE OKLAHOMA 4 LLC
		CENTRAL INDEX KEY:			0001265016
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-29
		FILM NUMBER:		10730051

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE OKLAHOMA 5 LLC
		CENTRAL INDEX KEY:			0001265018
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-28
		FILM NUMBER:		10730050

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 4 LLC
		CENTRAL INDEX KEY:			0001265019
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-21
		FILM NUMBER:		10730043

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 5 LLC
		CENTRAL INDEX KEY:			0001265020
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-20
		FILM NUMBER:		10730042

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 6 LLC
		CENTRAL INDEX KEY:			0001265021
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-19
		FILM NUMBER:		10730041

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 7 LLC
		CENTRAL INDEX KEY:			0001265022
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-18
		FILM NUMBER:		10730040

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 8 LLC
		CENTRAL INDEX KEY:			0001265023
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-17
		FILM NUMBER:		10730039

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE TENNESSEE 9 LLC
		CENTRAL INDEX KEY:			0001265025
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-16
		FILM NUMBER:		10730038

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE VIRGINIA 2 LLC
		CENTRAL INDEX KEY:			0001265026
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-07
		FILM NUMBER:		10730029

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRE MARYLAND 2 LLC
		CENTRAL INDEX KEY:			0001265188
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-42
		FILM NUMBER:		10730064

	BUSINESS ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD,
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704331-1133

	MAIL ADDRESS:	
		STREET 1:		6415 IDLEWILD ROAD
		STREET 2:		SUITE 109
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Wilshire Cadillac, Inc.
		CENTRAL INDEX KEY:			0001462965
		IRS NUMBER:				205004388
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-71
		FILM NUMBER:		10730076

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Tysons Corner Infiniti, Inc.
		CENTRAL INDEX KEY:			0001462968
		IRS NUMBER:				203545061
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-97
		FILM NUMBER:		10730082

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Tysons Corner H, Inc.
		CENTRAL INDEX KEY:			0001462969
		IRS NUMBER:				203544845
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-98
		FILM NUMBER:		10730083

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Santa Monica S, Inc.
		CENTRAL INDEX KEY:			0001462972
		IRS NUMBER:				204402178
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-106
		FILM NUMBER:		10730111

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Santa Monica M, Inc.
		CENTRAL INDEX KEY:			0001462974
		IRS NUMBER:				202610019
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-107
		FILM NUMBER:		10730112

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic - Okemos Imports, Inc.
		CENTRAL INDEX KEY:			0001462977
		IRS NUMBER:				202258139
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-116
		FILM NUMBER:		10730121

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Momentum JVP, L.P.
		CENTRAL INDEX KEY:			0001462980
		IRS NUMBER:				200163315
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-81
		FILM NUMBER:		10730128

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Momentum B, L.P.
		CENTRAL INDEX KEY:			0001462986
		IRS NUMBER:				200161887
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-82
		FILM NUMBER:		10730129

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Houston LR, LP
		CENTRAL INDEX KEY:			0001462991
		IRS NUMBER:				200168127
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-122
		FILM NUMBER:		10730147

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Houston JLR, LP
		CENTRAL INDEX KEY:			0001462992
		IRS NUMBER:				205961741
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-123
		FILM NUMBER:		10730165

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Fremont, Inc.
		CENTRAL INDEX KEY:			0001462993
		IRS NUMBER:				205957935
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-125
		FILM NUMBER:		10730149

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Divisional Operations, LLC
		CENTRAL INDEX KEY:			0001462996
		IRS NUMBER:				201890447
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-133
		FILM NUMBER:		10730157

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic - Calabasas M, Inc.
		CENTRAL INDEX KEY:			0001463016
		IRS NUMBER:				208742825
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-148
		FILM NUMBER:		10730172

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Advantage PA, LP
		CENTRAL INDEX KEY:			0001463017
		IRS NUMBER:				200163203
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-174
		FILM NUMBER:		10730200

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ontario L, LLC
		CENTRAL INDEX KEY:			0001463018
		IRS NUMBER:				200366914
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-233
		FILM NUMBER:		10730260

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Nashville M, LLC
		CENTRAL INDEX KEY:			0001463059
		IRS NUMBER:				562122487
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-196
		FILM NUMBER:		10730240

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Nashville Motors, LLC
		CENTRAL INDEX KEY:			0001463060
		IRS NUMBER:				261707286
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-195
		FILM NUMBER:		10730239

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI NC HC2, Inc.
		CENTRAL INDEX KEY:			0001463061
		IRS NUMBER:				263751321
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-194
		FILM NUMBER:		10730238

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Lansing CH, LLC
		CENTRAL INDEX KEY:			0001463076
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-205
		FILM NUMBER:		10730249

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704.566.2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Peachtree, LLC
		CENTRAL INDEX KEY:			0001463077
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-187
		FILM NUMBER:		10730213

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Plymouth C, LLC
		CENTRAL INDEX KEY:			0001463078
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-186
		FILM NUMBER:		10730212

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Long Beach B, Inc.
		CENTRAL INDEX KEY:			0001463080
		IRS NUMBER:				260234207
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-204
		FILM NUMBER:		10730248

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704.566.2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Monrovia B, Inc.
		CENTRAL INDEX KEY:			0001463084
		IRS NUMBER:				208944726
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-223
		FILM NUMBER:		10730246

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704.566.2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI Stone Mountain T, LLC
		CENTRAL INDEX KEY:			0001463088
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-182
		FILM NUMBER:		10730208

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI VA HC1, Inc.
		CENTRAL INDEX KEY:			0001463096
		IRS NUMBER:				263751398
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-176
		FILM NUMBER:		10730220

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sonic Automotive Support, LLC
		CENTRAL INDEX KEY:			0001463290
		IRS NUMBER:				200507885
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-165718-167
		FILM NUMBER:		10730192

	BUSINESS ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		5401 EAST INDEPENDENCE BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28212
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-4/A
<SEQUENCE>1
<FILENAME>g22591a1sv4za.htm
<DESCRIPTION>FORM S-4/A
<TEXT>
<HTML>
<HEAD>
<TITLE>sv4za</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt"> As filed with the Securities
    and Exchange Commission on April&#160;5, 2010</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt"> Registration
    No.&#160;333-165718 and</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt"> Registration Nos. 333-165718-01
    through 333-165718-277</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SECURITIES AND EXCHANGE
    COMMISSION</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">WASHINGTON, D.C. 20549
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 16%; border-bottom: 1pt solid #000000"></CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">Amendment No. 1
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt"> to
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">
    <FONT style="white-space: nowrap">FORM&#160;S-4</FONT>
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">REGISTRATION STATEMENT
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">UNDER
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">THE SECURITIES ACT OF 1933
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Sonic Automotive,
    Inc.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">(Exact name of registrant as
    specified in its charter)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">See &#147;Table of Additional
    Registrants&#148; on the following page for information relating
    to the subsidiaries of Sonic
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">Automotive, Inc.
    (&#147;Sonic&#148;) that guarantee obligations of Sonic on the
    debt securities registered hereunder.
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Delaware</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>56-2010790</B>
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="center" valign="top">
    <FONT style="font-size: 9pt">(State or other jurisdiction of
    incorporation or organization)
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 9pt">(I.R.S. Employer Identification
    No.)
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">6415 Idlewild Road,
    Suite&#160;109</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Charlotte, North Carolina
    28212</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Telephone:
    (704)&#160;566-2400</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">(Address, including zip code, and
    telephone number, including area code, of registrant&#146;s
    principal executive offices)
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Stephen K.
    Coss,&#160;Esq.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Senior Vice President and
    General Counsel</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">6415 Idlewild Road,
    Suite&#160;109</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Charlotte, North Carolina
    28212</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Telephone:
    (704)&#160;566-2400</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">(Name, address, including zip code,
    and telephone number, including area code, of agent for service)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 16%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Copies to:</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt"> Thomas H.
    O&#146;Donnell,&#160;Esq.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Melinda S.
    Blundell,&#160;Esq.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Moore &#038; Van Allen
    PLLC</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">100 North Tryon Street, Suite
    4700</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Charlotte, North Carolina
    28202</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Telephone: (704)
    331-1000</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 16%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Approximate
    date of commencement of proposed sale to the public:
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 8pt">As soon as practicable after the
    registration statement becomes effective.
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the securities being registered on this form are being
    offered in connection with the formation of a holding company
    and there is compliance with General Instruction G, check the
    following
    box.&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is filed to register additional securities for an
    offering pursuant to Rule 462(b) under the Securities Act, check
    the following box and list the Securities Act registration
    statement number of the earlier effective registration statement
    for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indicate by check mark whether the registrant is a large
    accelerated filer, an accelerated filer, a non-accelerated
    filer, or a smaller reporting company. See the definitions of
    &#147;large accelerated filer,&#148; &#147;accelerated
    filer&#148; and &#147;smaller reporting company&#148; in
    <FONT style="white-space: nowrap">Rule&#160;12b-2</FONT>
    of the Exchange Act. (Check one):
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="49%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Large accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Non-accelerated
    filer&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Smaller reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 8pt">(Do not check if a smaller
    reporting company)
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The Registrants hereby amend this registration statement on
    such date or dates as may be necessary to delay its effective
    date until the registrants shall file a further amendment which
    specifically states that this registration statement shall
    thereafter become effective in accordance with Section&#160;8(a)
    of the Securities Act of 1933, as amended, or until the
    registration statement shall become effective on such date as
    the SEC, acting pursuant to said Section&#160;8(a), may
    determine.</B>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    ADDITIONAL REGISTRANTS<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">UNDER
    REGISTRATION STATEMENT ON
    <FONT style="white-space: nowrap">FORM&#160;S-4</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following subsidiaries of Sonic are co-registrants under
    this registration statement for the purpose of providing
    guarantees, if any, of payments on debt securities registered
    hereunder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ADI of the Southeast LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    AnTrev, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150219
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Arngar, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-1063712
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Autobahn, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3124481
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Avalon Ford, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-3560286
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Casa Ford of Houston, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0430684
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cornerstone Acceptance Corporation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3532504
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Auto Factory, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3285893
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Beverly Hills, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4673054
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Capitol F, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3350030
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Capitol N, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3279958
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Concord H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3264558
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Concord N, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3266151
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Concord T, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-1730939
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Dublin N, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3267515
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Dublin VWD, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3267514
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Holding Corp.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3338764
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Las Vegas H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3330754
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Marin F, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4746388
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Marin LR, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3345066
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Poway G, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    33-0792049
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Poway H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3265895
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Poway T, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3266152
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA San&#160;Bruno, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3264556
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Santa Monica&#160;V, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4746387
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Serramonte, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3264554
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Serramonte H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3293588
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Serramonte L, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3264555
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Stevens Creek, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-3264553
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FAA Torrance CPJ, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4746385
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FirstAmerica Automotive, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0206732
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fort&#160;Mill Ford, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1289609
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fort&#160;Myers Collision Center, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3659948
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Franciscan Motors, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    77-0112132
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Frank Parra Autoplex, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-1364201
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Frontier Oldsmobile-Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-1621461
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    HMC Finance Alabama, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2198417
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kramer Motors Incorporated
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-2092777
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    L Dealership Group, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-1719069
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Marcus David Corporation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-1708384
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Massey Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1434905
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Massey Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2651186
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mountain States Motors Co., Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    84-1172557
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ontario L, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0366914
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Philpott Motors, Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0608365
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Royal Motor Company, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1012554
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI AL HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2169250
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI AL HC2, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1213085
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Ann Arbor Imports, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0073215
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Atlanta B, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2436174
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Broken Arrow C, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1590233
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Charlotte M, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2044965
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Clearwater T, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3501017
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Columbus Motors, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604259
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Columbus T, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604285
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Columbus VWK, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604276
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3501024
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC2, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3501021
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC3, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3523301
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC4, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3523302
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC5, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3523304
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC6, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3552436
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI FL HC7, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-2214873
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Fort&#160;Myers B, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    65-0938819
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Fort&#160;Myers H, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    65-0938812
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Fort&#160;Myers M, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3535971
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Fort&#160;Myers VW, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    65-0938821
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI GA HC1, LP
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    03-0447179
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Georgia, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2399219
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Irondale Imports, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1213083
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Irondale L, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1213161
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Lansing CH, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Long Beach B, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    26-0234207
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI MD HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-2172032
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Monrovia B, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-8944726
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Montgomery B, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2139902
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Montgomery BCH, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1012553
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Montgomery CH, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1204447
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Nashville CSH, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708483
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Nashville H, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708487
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Nashville M, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2122487
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Nashville Motors, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    26-1707286
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI NC HC2, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    26-3751321
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI OH HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-0743366
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI OK HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-2936323
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Oklahoma City C, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1618268
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Oklahoma City H, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1620712
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Oklahoma City T, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1593440
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Orlando CS, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    65-0938818
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Peachtree, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Plymouth C, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Riverside C, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1574888
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Rockville Imports, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-2172034
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Rockville L, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-2172033
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Stone Mountain T, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI TN HC1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708491
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI TN HC2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708490
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI TN HC3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708484
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Tulsa N, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1079837
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI Tulsa T, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    46-0487821
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SAI VA HC1, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    26-3751398
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Santa&#160;Clara Imported Cars, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-1705756
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Advantage PA, LP
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0163203
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Agency, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    30-0085765
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive F&#038;I, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0444271
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive of Chattanooga, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708471
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive of Nashville, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708481
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive of Nevada, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0378636
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive of Texas, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0586658
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive Support, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0507885
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive West, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0444344
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-1495 Automall Drive, Columbus, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604281
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-1720 Mason Ave., DB, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3523303
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-1720 Mason Ave., DB, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    57-1072509
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive 2424 Laurens Rd., Greenville, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2384994
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive&#160;&#150; 2490 South Lee Highway, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1708486
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive 2752 Laurens Rd., Greenville, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2384996
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-3401&#160;N.&#160;Main, TX, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0586794
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-3700&#160;West Broad Street, Columbus,
    Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604296
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-4000&#160;West Broad Street, Columbus,
    Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Ohio
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    31-1604301
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-4701 I-10 East, TX, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0586659
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-5221 I-10 East, TX, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0586795
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive 5260 Peachtree Industrial Blvd., LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    62-1716095
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-6008&#160;N.&#160;Dale Mabry, FL, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3535965
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Automotive-9103&#160;E.&#160;Independence, NC, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2103562
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-2185 Chapman Rd., Chattanooga, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2126660
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Buena Park H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    33-0978079
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Cadillac D, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    46-0476882
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Calabasas A, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1642537
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Calabasas M, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-8742825
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Calabasas&#160;V, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0728573
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Camp Ford, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0613472
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Capitol Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    38-3642334
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Capitol Imports, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    16-1616391
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Carrollton&#160;V, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2896744
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Carson F, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2989450
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Carson LM, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1626525
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Chattanooga D East, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2220962
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Clear Lake N, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0597723
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Clear Lake Volkswagen, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    11-3694324
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Coast Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4711579
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Denver T, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-3092054
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Denver Volkswagen, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Development, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2140030
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Divisional Operations, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-1890447
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Downey Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1626782
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Englewood M, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1627281
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic eStore, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    01-0689836
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Fort&#160;Mill Chrysler Jeep, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2044964
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Fort&#160;Mill Dodge, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2285505
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Fort&#160;Worth T, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2897202
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Frank Parra Autoplex, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    82-0552132
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Fremont, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-5957935
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Harbor City H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4876347
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Houston JLR, LP
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-5961741
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Houston LR, LP
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0168127
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Houston&#160;V, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0684038
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Integrity Dodge LV, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0430677
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Jersey Village Volkswagen, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    42-1597939
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Lake Norman Chrysler Jeep, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2044997
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Las Vegas C East, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0470273
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Las Vegas C West, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0470284
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Lloyd Nissan, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3560057
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Lloyd Pontiac-Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    59-3560058
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Lone Tree Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2994986
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-LS, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Delaware
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    68-0510218
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-LS Chevrolet, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0594652
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Lute Riley, L. P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2812871
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Manhattan Fairfax, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-2173072
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Massey Cadillac, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    46-0465823
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Massey Chevrolet, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1626792
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Massey Pontiac Buick GMC, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    71-0868348
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Mesquite Hyundai, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-3090092
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Momentum B, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0161887
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Momentum JVP, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0163315
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Momentum VWA, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0163368
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Newsome Chevrolet World, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    57-1077344
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Newsome of Florence, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    57-1077343
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-North Charleston, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2460639
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-North Charleston Dodge, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2479700
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic of Texas, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0586661
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Okemos Imports, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-2258139
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Peachtree Industrial Blvd., L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2089761
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Plymouth Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    30-0040929
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Reading, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0605765
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Resources, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0508574
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Richardson F, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2901775
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Riverside Auto Factory, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1591124
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Sam White Nissan, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    76-0597722
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Sanford Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    01-0595473
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Santa Monica M, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-2610019
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Santa Monica S, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-4402178
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Saturn of Silicon Valley, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0163283
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Serramonte&#160;I, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    81-0575704
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Shottenkirk, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-3575773
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-South Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Not Applicable
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Stevens Creek B, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-2261540
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Stone Mountain T, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0163252
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Tysons Corner H, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-3544845
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Tysons Corner Infiniti, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-3545061
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-University Park A, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    75-2963437
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Volvo LV, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0437180
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Walnut Creek M, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    42-1591184
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-West Covina T, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    95-4876089
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic-Williams Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    63-1213084
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sonic Wilshire Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-5004388
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Alabama-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2202484
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Alabama-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2206042
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Alabama-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    87-0696606
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Alabama-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Alabama
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162209
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    86-0996112
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0468215
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0468217
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0468213
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    86-1063441
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-6, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    42-1591193
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SrealEstate Arizona-7, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Arizona
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150251
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-3040427
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-3040911
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    45-0475638
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-3041078
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    47-0861563
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE California-6, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    41-2038013
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Colorado-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    87-0696649
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Colorado-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    87-0696643
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Colorado-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150257
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Florida-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2560889
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Florida-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2560900
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Florida-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Florida
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2560868
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Georgia-1, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2560891
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Georgia-2, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2555514
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Georgia-3, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Georgia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2554985
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Holding, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2198745
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Maryland-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162227
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Maryland-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162236
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Michigan-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Michigan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    32-0011078
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Nevada-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0468209
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Nevada-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0465280
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Nevada-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    88-0465279
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Nevada-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    68-0552010
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Nevada-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Nevada
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    73-1638705
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE North Carolina-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162253
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE North Carolina-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162267
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE North Carolina-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162281
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Oklahoma-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150172
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Oklahoma-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    87-0696541
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Oklahoma-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    87-0696522
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Oklahoma-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150244
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Oklahoma-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Oklahoma
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0150266
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE South Carolina-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    58-2560892
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE South Carolina-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    54-2106363
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE South Carolina-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    South Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    03-0431822
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2200186
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2202429
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-3, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-2202479
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-4, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162289
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-5, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162295
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-6, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162304
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-7, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162314
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-8, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162318
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Tennessee-9, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Tennessee
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162324
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-1, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-2962385
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-2, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-2963860
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-3, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    74-2963859
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-4, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    45-0474729
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-5, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    77-0589837
</TD>
</TR>
</TABLE>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>State of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>IRS Employer<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Subsidiary</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Organization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>ID No.</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-6, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    90-0079415
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-7, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    33-1001169
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Texas-8, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Texas
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    82-0540594
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Virginia-1, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-2252370
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SRE Virginia-2, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Virginia
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    20-0162340
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stevens Creek Cadillac, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    California
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    77-0093380
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Town and Country Ford, Incorporated
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    North Carolina
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    56-0887416
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Village Imported Cars, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Maryland
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    52-0896186
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Windward, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Hawaii
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    94-2659042
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Z Management, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Colorado
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    84-1172797
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The primary standard industrial classification of all of the
    additional registrants is 5511. The principal executive office
    of all of the additional registrants is 6415 Idlewild Road,
    Suite 109, Charlotte, North Carolina 28212. Their telephone
    number is
    <FONT style="white-space: nowrap">(704)&#160;566-2400.</FONT>
</DIV>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g22591a1g2259100.gif" alt="(SONIC AUTOMOTIVE LOGO)">
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">Offer
    to Exchange</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">Registered
    9.0%&#160;Senior Subordinated Notes Due 2018,
    Series&#160;B</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">For
    All of Our Outstanding</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">Unregistered
    9.0%&#160;Senior Subordinated Notes Due 2018,
    Series&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    We are offering to exchange new registered 9.0%&#160;Senior
    Subordinated Notes Due 2018, Series&#160;B for all of our
    outstanding unregistered 9.0%&#160;Senior Subordinated Notes Due
    2018, Series&#160;A.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    The terms of the Series&#160;B notes will be identical in all
    material respects to the Series&#160;A notes except for certain
    transfer restrictions and registration rights relating to the
    Series&#160;A notes, and the right of the holders of
    Series&#160;A notes to receive additional interest under certain
    circumstances relating to the timing of this exchange offer.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    If all of the Series&#160;A notes are exchanged for
    Series&#160;B notes in this exchange offer, we will have a
    single series of registered notes outstanding with an aggregate
    principal amount of $210.0&#160;million.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    We will not receive any proceeds from this exchange offer.
</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    This exchange offer expires at 5:00&#160;p.m., New York City
    time, on May&#160;7, 2010, unless we extend&#160;it.
</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    You should carefully review the procedures for tendering
    Series&#160;A notes under the caption &#147;The Exchange
    Offer&#148; in this prospectus. If you do not comply with these
    procedures, we are not obligated to exchange your Series&#160;A
    notes for Series&#160;B notes.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    If you currently hold Series&#160;A notes and fail to validly
    tender them, then you will continue to hold unregistered
    Series&#160;A notes and your ability to transfer them will be
    subject to transfer restrictions, which could adversely affect
    your ability to transfer Series&#160;A notes.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    The Series&#160;A notes were issued in a private offering on
    March&#160;12, 2010. When issued, the Series&#160;B notes will
    be registered under the Securities Act of 1933, as amended, and
    will contain no legends restricting their transfer.
</TD>
</TR>


<TR style="line-height: 8pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    Although the Series&#160;B notes will be registered, we do not
    intend to list them on any securities exchange or market
    quotation system and, consequently, do not anticipate an active
    public market for the Series&#160;B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 12pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<B>Both
    acceptance and rejection of this exchange offer involve risks.
    Some of the risks associated with the exchange offer and an
    investment in the Series&#160;B notes offered through this
    prospectus are described under the caption &#147;Risk
    Factors&#148; beginning on page&#160;10 of this prospectus and
    in our filings with the Securities and Exchange Commission
    incorporated by reference herein.</B>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of the notes
    or determined if this prospectus is truthful and complete. Any
    representation to the contrary is a criminal offense.</B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The date of this prospectus is April&#160;7, 2010</I>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>
  <!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>You should base your decision whether to participate in the
    exchange offer after considering all of the information
    contained in this prospectus and the information incorporated by
    reference herein. In making your investment decision, we have
    not authorized any other person to provide you with different or
    additional information. If anyone else provides you with
    different or additional information, you should not rely on it.
    We are not making an offer to sell or exchange the Series&#160;B
    notes (1)&#160;in any jurisdiction where the offer or sale is
    not permitted, (2)&#160;where the person making the offer is not
    qualified to do so or (3)&#160;to any person who cannot legally
    be offered the Series&#160;B notes. You should assume that the
    information appearing in this prospectus and the information
    incorporated by reference herein is accurate only as of their
    respective dates. Our business, financial condition, results of
    operations and prospects may have changed since those dates.</B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="97%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 10pt">Page</FONT></B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>Prospectus Summary</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>Risk Factors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>Selected Consolidated Financial Data</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>Use of Proceeds</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>Capitalization</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>The Exchange Offer</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>Description of Other Indebtedness</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>Description of Notes</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'>Book Entry; Delivery and Form</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>Certain United States Federal Tax
    Considerations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>Plan of Distribution</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>Legal Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>Experts</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>Where You Can Find More Information About
    Sonic</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv23w1.htm">EX-23.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv23w2.htm">EX-23.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv99w1.htm">EX-99.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv99w2.htm">EX-99.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv99w3.htm">EX-99.3</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv99w4.htm">EX-99.4</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g22591a1exv99w5.htm">EX-99.5</A></FONT></TD></TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 30%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Nothing contained in or incorporated by reference into this
    prospectus is, or shall be relied upon as, a promise or
    representation as to past or future performance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In making a decision whether to participate in the exchange
    offer, you must rely on your own examination of us and the terms
    of the exchange offer and the Series&#160;B notes, including the
    merits and risks involved. You should not consider any
    information in or incorporated by reference into this prospectus
    to be legal, business or tax advice. You should consult your own
    attorney, business advisor and tax advisor for legal, business
    and tax advice regarding participation in the exchange offer and
    an investment in the Series&#160;B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We make no representation or warranty, express or implied, as to
    the accuracy or completeness of the information obtained from
    third party sources set forth herein or incorporated by
    reference into this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No automobile manufacturer or distributor has been involved,
    directly or indirectly, in the preparation of this prospectus or
    in the offering being made hereby. No automobile manufacturer or
    distributor has been authorized to make any statements or
    representations in connection with the offering, and no
    automobile manufacturer or distributor has any responsibility
    for the accuracy or completeness of this prospectus or for the
    offering hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This offer may be withdrawn at any time prior to the closing of
    the offering, and the offering is subject to the terms of this
    prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Laws in certain jurisdictions may restrict the distribution of
    this prospectus and the offer and sale or exchange of the
    Series&#160;B notes. You must comply with all applicable laws
    and regulations in force in any
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    jurisdiction in which you purchase, offer or sell the
    Series&#160;B notes and must obtain any consent, approval or
    permission required for your purchase, offer or sale of
    Series&#160;B notes under the laws and regulations in force in
    any jurisdiction to which you are subject or in which you make
    such purchases, offers or sales, and we shall have no
    responsibility therefor.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 29%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as otherwise indicated or as the context otherwise
    requires, all references in this prospectus to the
    &#147;Company,&#148; &#147;we,&#148; &#147;us,&#148;
    &#147;our,&#148; or &#147;Sonic&#148; mean Sonic Automotive,
    Inc. and its subsidiaries.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 29%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MARKET
    AND INDUSTRY DATA</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We obtained the industry, market and competitive position data
    included and incorporated by reference in this prospectus from
    our own internal estimates and research as well as from industry
    publications and research, surveys and studies conducted by
    third parties. Industry publications, studies and surveys
    generally state that they have been obtained from sources
    believed to be reliable, although they do not guarantee the
    accuracy or completeness of such information. While we believe
    that each of these publications, studies and surveys is
    reliable, we have not independently verified industry, market
    and competitive position data from third-party sources. While we
    believe our internal business research is reliable and the
    market definitions are appropriate, neither such research nor
    these definitions have been verified by any independent source.
    Accordingly, investors should not place undue weight on the
    industry and market share data presented in this prospectus.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 29%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CAUTIONARY
    NOTICE REGARDING FORWARD-LOOKING STATEMENTS</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus contains numerous &#147;forward-looking
    statements&#148;. These forward-looking statements address our
    future objectives, plans and goals, as well as our intent,
    beliefs and current expectations regarding future operating
    performance, and can generally be identified by words such as
    &#147;may,&#148; &#147;will,&#148; &#147;should,&#148;
    &#147;believe,&#148; &#147;expect,&#148; &#147;anticipate,&#148;
    &#147;intend,&#148; &#147;plan,&#148; &#147;foresee,&#148; and
    other similar words or phrases. Specific events addressed by
    these forward-looking statements include, but are not limited to:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    future acquisitions or dispositions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    industry trends;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    future liquidity trends or needs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    general economic trends, including employment rates and consumer
    confidence levels;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    vehicle sales rates and same store sales growth;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    future covenant compliance;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    our financing plans and our ability to repay or refinance
    existing debt when due;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    our business and growth strategies.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These forward-looking statements are based on our current
    estimates and assumptions and involve various risks and
    uncertainties. As a result, you are cautioned that these
    forward-looking statements are not guarantees of future
    performance, and that actual results could differ materially
    from those projected in these forward-looking statements.
    Factors which may cause actual results to differ materially from
    our projections include those risks described in &#147;Risk
    Factors&#148; and elsewhere in this prospectus and our filings
    with the Securities and Exchange Commission (the
    &#147;SEC&#148;) that are incorporated by reference into this
    prospectus, as well as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the number of new and used cars sold in the United States
    generally, and as compared to our expectations and the
    expectations of the market;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    our ability to generate sufficient cash flows or obtain
    additional financing to fund acquisitions, capital expenditures,
    our share repurchase program, dividends on our common stock and
    general operating activities;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    ii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the reputation and financial condition of vehicle manufacturers
    whose brands we represent, the financial incentives vehicle
    manufacturers offer and their ability to design, manufacture,
    deliver and market their vehicles successfully;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    our relationships with manufacturers, which may affect our
    ability to complete additional acquisitions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    changes in laws and regulations governing the operation of
    automobile franchises, accounting standards, taxation
    requirements and environmental laws;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    adverse resolutions of one or more significant legal proceedings
    against us or our dealerships;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    general economic conditions in the markets in which we operate,
    including fluctuations in interest rates, employment levels, the
    level of consumer spending and consumer credit availability;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    high competition in the automotive retailing industry, which not
    only creates pricing pressures on the products and services we
    offer, but also on businesses we seek to acquire;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    our ability to successfully integrate recent and potential
    future acquisitions or complete disposition activities;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the rate and timing of overall economic recovery or further
    decline.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    iii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    SUMMARY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>This summary highlights selected information included in or
    incorporated by reference into this prospectus. The following
    summary does not contain all of the information that you should
    consider before deciding whether to participate in the exchange
    offer and is qualified in its entirety by the more detailed
    information appearing elsewhere in the prospectus and the
    financial statements and the documents incorporated by
    reference. You should carefully read the entire prospectus,
    including the &#147;Risk Factors&#148; section beginning on
    page&#160;10, before deciding whether to participate in the
    exchange offer. See &#147;Where You Can Find More Information
    About Sonic.&#148;</I>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Company</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are one of the largest automotive retailers in the United
    States. As of January&#160;31, 2010, we operated 145 dealership
    franchises at 122 dealership locations, representing 29
    different brands of cars and light trucks, and 26 collision
    repair centers in 15&#160;states. Our dealerships provide
    comprehensive services including (1)&#160;sales of both new and
    used cars and light trucks, (2)&#160;sales of replacement parts
    and performance of vehicle maintenance, warranty, paint and
    repair services and (3)&#160;arrangement of extended service
    contracts, financing and insurance and other aftermarket
    products for our automotive customers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Class A common stock is traded on the New York Stock
    Exchange under the symbol &#147;SAH.&#148; Our principal
    executive offices are located at 6415 Idlewild Road,
    Suite&#160;109, Charlotte, North Carolina 28212, telephone
    <FONT style="white-space: nowrap">(704)&#160;566-2400.</FONT>
    We were incorporated in Delaware in 1997.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Recent
    Developments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January and February 2010, Toyota Motor Corporation issued
    recalls affecting certain of its most popular models in certain
    model years due to design problems with accelerator pedals and
    anti-lock brake systems. Toyota Motor Corporation had also
    instructed its dealerships to stop selling vehicles affected by
    the accelerator pedal recall until it developed a solution to
    the design problem and provided the necessary parts and
    instructions to fix the issue. During the period of time when
    affected vehicles could not be sold, Toyota Motor Corporation
    offered its dealers floor plan assistance to help reduce
    dealers&#146; cost of carrying vehicles which it could not sell
    due to the recall. We believe the effect of these recalls will
    reduce our sales of Toyota vehicles in the first quarter of
    2010, but will also increase our fixed operations business in
    the future for work performed to correct the issue. We cannot
    estimate how this recall will affect consumer preferences over
    the long-term.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On February&#160;24, 2010, General Motors announced that the
    planned sale of its Hummer brand to Sichuan Tengzhong Heavy
    Industrial Machines Co. had fallen through, and that General
    Motors will commence the wind down of the Hummer brand. As of
    February&#160;25, 2010, we operated three Hummer franchises out
    of multi-franchise facilities. In the year ended
    December&#160;31, 2009, we only sold approximately 110 Hummer
    new vehicle units at retail. As a result, we do not believe that
    the pending discontinuation of the Hummer brand will be material
    to our operations, financial position or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;15, 2010, we entered into an amended and
    restated syndicated secured revolving credit facility and a new
    syndicated floor plan facility (comprised of a new vehicle floor
    plan
    <FONT style="white-space: nowrap">sub-facility</FONT>
    and a used vehicle floor plan
    <FONT style="white-space: nowrap">sub-facility)</FONT>
    to finance new and used vehicles (the &#147;2010 Credit
    Facilities&#148;) that provide us a total of up to
    $521.0&#160;million in combined revolving credit and floor plan
    financing. Under the terms of these facilities, up to
    $321.0&#160;million is available under the new vehicle floor
    plan
    <FONT style="white-space: nowrap">sub-facility,</FONT>
    up to $50.0&#160;million is available under the used vehicle
    floor plan
    <FONT style="white-space: nowrap">sub-facility</FONT>
    and up to $150.0&#160;million is available for working capital
    and general corporate purposes under the revolving credit
    facility. The 2010 Credit Facilities mature on August&#160;15,
    2012. We also have capacity to finance new and used vehicle
    inventory purchases under bilateral floor plan agreements with
    various manufacturer-affiliated finance companies and other
    lending institutions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;12, 2010, we issued a notice to redeem
    $200&#160;million of our outstanding
    8&#160;<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    Senior Subordinated Notes due 2013 (the &#147;8.625%
    Notes&#148;) with the net proceeds from our private offering of
    9.0% Senior Subordinated Notes due 2018, Series&#160;A, and cash
    on hand. We expect to complete this redemption on April&#160;12,
    2010.
</DIV>
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    <BR>
    1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Exchange Offer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Securities to be Exchanged</B></TD>
    <TD></TD>
    <TD valign="bottom">
    On March 12, 2010, we issued $210.0 million in aggregate
    principal amount of 9.0%&#160;Senior Subordinated Notes due
    2018, Series A (the &#147;Series A notes&#148;) in a private
    offering that was exempt from the registration requirements of
    the Securities Act of 1933, as amended. We entered into a
    registration rights agreement with the initial purchasers in the
    private offering in which we agreed, among other things, to
    complete this exchange offer within 270&#160;days of the
    issuance of the Series A notes. As of the date of this
    prospectus, there is $210.0 million in aggregate principal
    amount of Series A notes outstanding.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>The Exchange Offer</B></TD>
    <TD></TD>
    <TD valign="bottom">
    We are offering to exchange all of our outstanding Series&#160;A
    notes for a like principal amount of our registered
    9.0%&#160;Senior Subordinated Notes due 2018, Series&#160;B (the
    &#147;Series B notes&#148;). The terms of the Series&#160;B
    notes will be identical in all material respects to the
    Series&#160;A notes. The Series&#160;A notes are governed by the
    terms of an indenture dated as of March&#160;12, 2010. The
    Series&#160;B notes will be governed by the terms of the same
    indenture.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Resales of Series&#160;B Notes Without </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Further Registration; Prospectus </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Delivery</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Based on Commission staff interpretations given to other,
    unrelated issuers in other exchange offers, we believe that
    holders of the Series&#160;B notes who are not broker-dealers,
    can offer for resale, resell and otherwise transfer the
    Series&#160;B notes without complying with the registration and
    prospectus delivery requirements of the Securities Act, if:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;you acquire the Series&#160;B notes in the
    exchange offer in the ordinary course of your business;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;you are not participating, do not intend to
    participate and have no arrangement or understanding with any
    person to participate, in the distribution of the Series&#160;B
    notes; and</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;you are not an &#147;affiliate&#148; of Sonic,
    as defined in Rule&#160;405 under the Securities Act.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    By executing or agreeing to the terms of the letter of
    transmittal related to this offering, you are representing to us
    that you satisfy each of these conditions. If you do not satisfy
    these conditions and you transfer the Series&#160;B notes issued
    to you in the exchange offer without delivering a prospectus
    that meets the requirements of the Securities Act or without
    qualifying for an exemption from the registration requirements
    of the Securities Act, you may incur liability under the
    Securities Act. We will not indemnify you against any Securities
    Act liability you may incur.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    We will not seek a Commission staff interpretation in connection
    with our exchange offer. We cannot assure you that the
    Commission staff would make a similar interpretation with
    respect to our exchange offer.</TD>
</TR>

</TABLE>
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    <BR>
    2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Restrictions on Resales by </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B><FONT style="white-space: nowrap">Broker-Dealers</FONT></B></TD>
    <TD></TD>
    <TD valign="bottom">
    Under the Securities Act, each broker-dealer that receives
    registered notes for its own account pursuant to the exchange
    offer must acknowledge that it will deliver a prospectus in
    connection with any resale of the registered notes. A
    broker-dealer subject to prospectus delivery requirements may
    use this prospectus in connection with any resale of the
    Series&#160;B notes received in the exchange offer.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Expiration Date; Extension of </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Tender Period; Termination; and </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Amendment</B></TD>
    <TD></TD>
    <TD valign="bottom">
    This exchange offer will expire at 5:00&#160;p.m. New York City
    time on May&#160;7 , 2010, unless we extend it. You must tender
    your outstanding Series&#160;A notes prior to this time, if you
    want to participate in the exchange offer. We may terminate the
    exchange offer in the event of circumstances described under the
    caption &#147;The Exchange Offer&#148;. We have the right to
    amend any of the terms of the exchange offer subject to our
    obligations under the registration rights agreement.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Procedures for Tendering Series&#160;A </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Notes</B></TD>
    <TD></TD>
    <TD valign="bottom">
    A holder who wishes to tender Series&#160;A notes in the
    exchange offer must do either of the following by
    5:00&#160;p.m., New York City time, on or prior to the
    expiration date:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;properly complete, sign and date the letter of
    transmittal, including all other documents required by the
    letter of transmittal; have the signature on the letter of
    transmittal guaranteed if the letter of transmittal so requires;
    and mail or deliver that letter of transmittal and other
    required documents to the exchange agent at the address listed
    below under &#147;The Exchange Offer&#151;Exchange Agent&#148;
    on or before the expiration date; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;if the Series&#160;A notes are tendered under
    the book-entry transfer procedures described below, transmit to
    the exchange agent on or before the expiration date an
    agent&#146;s message.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    In addition, one of the following must occur by 5:00&#160;p.m.,
    New York City time, on or prior to the expiration date:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;the exchange agent must receive certificates
    representing your Series&#160;A notes, along with the letter of
    transmittal, on or before the expiration date; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;the exchange agent must receive a timely
    confirmation of book-entry transfer of the Series&#160;A notes
    into the exchange agent&#146;s account at DTC under the
    procedure for book-entry transfers described below, along with
    the letter of transmittal or a properly transmitted agent&#146;s
    message, on or before the expiration date; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;the holder must comply with the guaranteed
    delivery procedures described below.</DIV>
</TD>
</TR>

</TABLE>
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    <BR>
    3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Do not send letters of transmittal or certificates representing
    Series&#160;A notes to us or DTC. Send these documents only to
    the exchange agent.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Special Procedures for Beneficial </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Owners</B></TD>
    <TD></TD>
    <TD valign="bottom">
    If you own a beneficial interest in Series&#160;A notes that are
    registered in the name of a broker, dealer, commercial bank,
    trust company or other nominee and you wish to tender your
    interest in the Series&#160;A notes in the exchange offer,
    please contact the registered holder as soon as possible and
    instruct the registered holder to tender on your behalf and to
    comply with the procedures for tendering Series&#160;A notes
    described in this prospectus and the letter of transmittal.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Guaranteed Delivery Procedures for </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Tendering Series&#160;A Notes</B></TD>
    <TD></TD>
    <TD valign="bottom">
    If you cannot deliver any necessary documentation or comply with
    the applicable procedures under DTC standard operating
    procedures for electronic tenders on or before the expiration
    date, you may tender your Series&#160;A notes according to the
    guaranteed delivery procedures set forth under the caption
    &#147;The Exchange Offer&#151;Guaranteed Delivery
    Procedures.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Exchange Offer; Registration Rights</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Under a registration rights agreement executed as part of the
    sale of the Series&#160;A notes, we and the guarantors agreed to
    use our reasonable best efforts to exchange the Series&#160;A
    notes for Series&#160;B notes registered under the Securities
    Act on or prior to 270&#160;days after the issue date of the
    Series&#160;A notes; or file under certain circumstances a shelf
    registration statement to cover resales of the Series&#160;A
    notes and to cause the registration statement to be declared
    effective by the Commission. If we fail to satisfy these
    obligations, we have agreed to pay liquidated damages (in the
    form of additional interest) to holders of the Series&#160;A
    notes under certain circumstances. See &#147;The Exchange
    Offer.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    This exchange offer is intended to satisfy our obligations under
    the registration rights agreement. If you are eligible to
    participate in the exchange offer and do not tender your
    Series&#160;A notes, you will not be entitled to any exchange or
    registration rights with respect to the Series&#160;A notes
    except in limited circumstances.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Withdrawal</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Your tender of Series&#160;A notes pursuant to this exchange
    offer may be withdrawn at any time before the exchange offer
    expires. Withdrawals may not be rescinded. If you change your
    mind again, you may tender your Series&#160;A notes again by
    following the exchange offer procedures before the exchange
    offer expires.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Accrued Interest</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Interest on the Series&#160;B notes will accrue from the most
    recent interest payment date on which interest was paid on the
    Series&#160;A notes or, if no interest has been paid on the
    Series&#160;A notes, from March&#160;12, 2010.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Delivery of Series&#160;B Notes</B></TD>
    <TD></TD>
    <TD valign="bottom">
    We will deliver Series&#160;B notes by book-entry transfer as
    soon as reasonably practicable after acceptance of the
    Series&#160;A notes. If we do not accept any of your outstanding
    Series&#160;A notes for exchange, we will return them to you as
    promptly as practicable after the </TD>
</TR>
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    <BR>
    4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    expiration or termination of the exchange offer without any
    expense to you.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>No Appraisal Rights</B></TD>
    <TD></TD>
    <TD valign="bottom">
    No appraisal rights are available to holders of Series&#160;A
    notes in connection with the exchange offer. If you do not
    tender your Series&#160;A notes or we reject your tender, you
    will not be entitled to any further registration rights under
    the registration rights agreement except under limited
    circumstances. Your unexchanged Series&#160;A notes will,
    however, remain outstanding and entitled to the benefits of the
    indenture.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Material United States Federal </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Income Tax Considerations</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Your exchange of Series&#160;A notes for Series&#160;B notes
    should not be a taxable exchange for United States federal
    income tax purposes. You should not recognize any taxable gain
    or loss or any interest income as result of the exchange.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Exchange Agent</B></TD>
    <TD></TD>
    <TD valign="bottom">
    U.S. Bank National Association</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Legal Requirements to Exchange </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>Offer</B></TD>
    <TD></TD>
    <TD valign="bottom">
    There are no federal or state regulatory requirements that must
    be complied with in connection with the exchange offer, other
    than registration under the Securities Act of the Series&#160;B
    notes and the related guarantees.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Use of Proceeds</B></TD>
    <TD></TD>
    <TD valign="bottom">
    We will not receive any proceeds from the issuance of the
    Series&#160;B notes.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Legal Limitation</B></TD>
    <TD></TD>
    <TD valign="bottom">
    We are not making any offer to sell, nor are we soliciting any
    offer to buy, securities in any jurisdiction in which the offer
    or sale is not permitted.</TD>
</TR>

</TABLE>
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    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of the Series&#160;B Notes</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a brief summary of certain terms of the
    Series&#160;B notes. Certain of the terms and conditions
    described below are subject to important limitations and
    exceptions. For a more complete description of the terms of the
    Series&#160;B notes, see &#147;Description of Notes&#148;
    beginning on page&#160;35.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Issuer</B></TD>
    <TD></TD>
    <TD valign="bottom">
    Sonic Automotive, Inc., a Delaware corporation</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Notes Offered</B></TD>
    <TD></TD>
    <TD valign="bottom">
    $210.0&#160;million principal amount of 9.0%&#160;Senior
    Subordinated Notes due 2018, Series&#160;B. The terms of these
    notes will be identical in all material respects to the
    Series&#160;A notes and will vote as a single class with any
    Series&#160;A notes that remain outstanding following this
    exchange offer for purposes of taking actions and exercising
    rights under the indenture.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Maturity</B></TD>
    <TD></TD>
    <TD valign="bottom">
    March&#160;15, 2018, unless earlier redeemed or repurchased.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Interest</B></TD>
    <TD></TD>
    <TD valign="bottom">
    9.0% per year on the principal amount. Interest will be payable
    semi-annually in arrears on March&#160;15 and September&#160;15
    of each year, beginning on September&#160;15, 2010.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Guarantees</B></TD>
    <TD></TD>
    <TD valign="bottom">
    The Series&#160;B notes will be unconditionally guaranteed,
    jointly and severally, on a senior subordinated basis by all of
    our operative domestic subsidiaries. The guarantees will rank
    behind all of the existing and future senior debt of those
    subsidiaries. Future subsidiaries may also be required to
    guarantee the Series&#160;B notes on a senior subordinated basis.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Ranking</B></TD>
    <TD></TD>
    <TD valign="bottom">
    The Series&#160;B notes and the guarantees will be unsecured
    senior subordinated obligations. Accordingly, they will rank:</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;behind all of our and the guarantors&#146;
    existing and future senior debt, whether or not secured, and
    structurally subordinated to the obligations of our
    non-guarantor subsidiaries;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;equally with all of our and the
    guarantors&#146; existing and future senior subordinated
    obligations that do not expressly provide that they are
    subordinated to the Series&#160;B notes; and</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;&#160;ahead of any of our and the guarantors&#146;
    existing and future debt that expressly provides that it is
    subordinated to the Series&#160;B notes and will be effectively
    senior to all of our debt that is not guaranteed by our
    subsidiaries.</DIV>
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Assuming that all Series A notes are exchanged for Series B
    notes in this exchange offer and the redemption of $200 million
    aggregate principal amount of our 8.625% Notes, as of
    December&#160;31, 2009, excluding floor plan debt, the
    Series&#160;B notes would have been subordinated to
    approximately $123.0&#160;million of senior debt of certain of
    our guarantors and equal in right of payment to approximately
    $92.0&#160;million of senior subordinated debt,
    $17.0&#160;million of which would have been structurally
    subordinated to the Series&#160;B notes since such debt is not
    guaranteed by our subsidiaries. In addition, the Series&#160;B
    notes would have been subordinated to approximately
    $172.5&#160;million of senior debt at the parent company level;
    however, such debt is not guaranteed by our subsidiaries and
    therefore the Series&#160;B notes would have been structurally
    senior in right of payment with regard to the guarantors.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    In addition, our non-guarantor subsidiaries would have had
    $17.8&#160;million of debt (other than intercompany liabilities
    and trade payables) to which the Series&#160;B notes would have
    been structurally subordinated.</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Repurchase upon Change of Control</B></TD>
    <TD></TD>
    <TD valign="bottom">
    If we undergo a &#147;change of control&#148; (as defined in
    this prospectus under &#147;Description of Notes&#151;Purchase
    of Series&#160;B Notes Upon a Change of Control&#148;), subject
    to certain conditions, you will have the option to require us to
    purchase all or any portion of your Series&#160;B notes for
    cash. The change of control purchase price will be 101% of the
    principal amount of the Series&#160;B notes to be purchased plus
    accrued and unpaid interest to but excluding the change of
    control purchase date.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Optional Redemption</B></TD>
    <TD></TD>
    <TD valign="bottom">
    On or after March&#160;15, 2014 and prior to the maturity date,
    we may redeem some or all of the Series&#160;B notes at any time
    at the redemption prices described in &#147;Description of
    Notes&#151;Optional Redemption,&#148; plus accrued and unpaid
    interest to but excluding the redemption date.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Before March&#160;15, 2014, we may redeem some or all of the
    Series&#160;B notes at par plus the applicable premium set forth
    in &#147;Description of Notes&#151;Certain Definitions&#148;
    plus accrued and unpaid interest to but excluding the redemption
    date.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    On or before March&#160;15, 2013, we may redeem up to 35% of the
    aggregate principal amount of the Series&#160;B notes with the
    proceeds from certain equity offerings at par plus coupon plus
    accrued and unpaid interest to but excluding the redemption date.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Basic Covenants of Indenture</B></TD>
    <TD></TD>
    <TD valign="bottom">
    The indenture, among other things, restricts our and our
    restricted subsidiaries&#146; ability to:</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;incur additional debt;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;pay dividends and make distributions;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;incur liens;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;make specified types of investments;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;apply net proceeds from certain asset sales;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;engage in transactions with our affiliates;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;merge or consolidate;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;restrict dividends or other payments from
    restricted subsidiaries;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;limit issuance of guarantees of and pledges
    for debt;</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;sell preferred stock of restricted
    subsidiaries; and</DIV>
</TD>
</TR>




<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -15pt; margin-left: 15pt">
    &#149;&#160;&#160;sell, assign, transfer, lease, convey or
    dispose of assets.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    These covenants are subject to a number of important exceptions,
    limitations and qualifications that are described under
    &#147;Description of Notes&#151;Certain Covenants.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Trustee</B></TD>
    <TD></TD>
    <TD valign="bottom">
    U.S. Bank National Association.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Absence of Market for the Series&#160;B </B></TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>



<TR>
    <TD valign="top">
    <B>notes</B></TD>
    <TD></TD>
    <TD valign="bottom">
    The Series B notes are a new issue of securities with no
    established trading market. We currently do not intend to apply
    to list the Series B notes on any securities exchange or market
    quotation system. Accordingly, we cannot assure you as to the
    development or liquidity of any market for the Series B notes.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Risk Factors</B></TD>
    <TD></TD>
    <TD valign="bottom">
    You should carefully consider the information set forth in the
    section of this prospectus entitled &#147;Risk Factors&#148; as
    well as the other information included in or incorporated by
    reference into this prospectus before deciding whether to
    participate in the exchange offer.</TD>
</TR>

</TABLE>
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    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    Consolidated Financial and Operating Data</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The summary consolidated income statement data for the years
    ended December&#160;31, 2007, 2008 and 2009 and the summary
    consolidated balance sheet data as of December&#160;31, 2008 and
    2009 are derived from our consolidated financial statements,
    which are incorporated by reference into this prospectus from
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009. The summary
    consolidated balance sheet data as of December&#160;31, 2007 are
    derived from our consolidated financial statements as of and for
    the year ended December&#160;31, 2007, which are not included in
    or incorporated by reference into this prospectus. This summary
    consolidated financial and operating data should be read in
    conjunction with &#147;Management&#146;s Discussion and Analysis
    of Financial Condition and Results of Operations&#148; and our
    consolidated financial statements and the related notes thereto,
    which are incorporated by reference into this prospectus from
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have accounted for all of our dealership acquisitions using
    the purchase method of accounting and, as a result, we do not
    include in our consolidated financial statements the results of
    operations of acquired dealerships prior to the date they were
    acquired. The &#147;Summary Consolidated Financial and Operating
    Data&#148; discussed below reflects the results of operations
    and financial position of each of the dealerships acquired prior
    to December&#160;31, 2009. As a result of the effects of our
    acquisitions and other potential factors in the future, the
    &#147;Summary Consolidated Financial and Operating Data&#148;
    set forth below is not necessarily indicative of our results of
    operations and financial position in the future or the results
    of operations and financial position that would have resulted
    had such acquisitions occurred at the beginning of the periods
    presented below.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following financial data for all periods presented reflects
    Sonic&#146;s December&#160;31, 2009 reclassification of
    franchises between continuing operations and discontinued
    operations in accordance with the provisions of
    &#147;Presentation of Financial Statements&#148; in the ASC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="56%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom">
    <B>(dollars in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Income Statement Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Revenues:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    New vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,842,427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,064,167
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,260,086
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Used vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,370,890
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,475,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Wholesale vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    384,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    277,559
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,695
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 40pt">
    Total vehicle sales
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,597,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,710,322
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,886,176
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Parts, service and collision repair
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,106,451
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,114,077
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,088,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Finance and insurance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    203,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    156,811
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 40pt">
    Total revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,907,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,008,108
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,131,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cost of sales
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,690,488
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,886,040
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,087,341
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,216,624
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,122,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,044,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Selling, general and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (903,644
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (921,367
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (843,794
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Impairment charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (975
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (822,952
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,514
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,927
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33,554
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35,576
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Operating income/(loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    287,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (655,805
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140,484
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Other income (expense):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Interest expense, floor plan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63,461
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (44,923
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (20,415
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Interest expense, other, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (40,204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60,276
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (85,586
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Interest expense, non-cash, convertible debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9,898
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10,704
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (679
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Interest expense, non-cash, cash flow swaps
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,775
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 24pt">
    Other (expense)/income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    742
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,670
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 40pt">
    Total other expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (113,494
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (115,161
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (118,125
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income (loss) from continuing operations before taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    173,584
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (770,966
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,359
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,854
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (125,399
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33,251
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income (loss) from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105,730
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (645,567
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55,610
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income (loss) from discontinued operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16,167
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46,782
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,062
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    89,563
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (692,349
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31,548
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ratio of earnings to fixed charges (a)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (772,509
</TD>
<TD nowrap align="left" valign="bottom">
    ) (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Balance Sheet Data (at end of period)</B>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,514
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,971
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30,035
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Inventories (c)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,147,044
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,124,145
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    799,803
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,282,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,405,545
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,068,855
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Notes payable&#151;floor plan (d)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,174,262
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,120,505
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    766,710
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Total long-term debt (e)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    678,403
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    738,447
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    576,141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    944,984
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    197,523
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    368,752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 8pt">(a)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 8pt">For purposes of the ratio of
    earnings to fixed charges: 1)&#160;earnings consist of income
    before provision for income taxes plus fixed charges (excluding
    capitalized interest) and 2)&#160;fixed charges consist of
    interest expensed and capitalized, amortization of debt discount
    and expense relating to indebtedness and the portion of rental
    expense representative of the interest factor attributable to
    leases for rental property. The ratio of earnings to fixed
    charges is calculated by adding fixed charges to income before
    income taxes and non-controlling interest and dividing the sum
    by fixed charges.
    </FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 8pt">(b)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 8pt">Reflects deficiency of earnings
    available to cover fixed charges. Because of the deficiency,
    ratio information is not provided.
    </FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 8pt">(c)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 8pt">Includes inventory included in
    assets held for sale.
    </FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 8pt">(d)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 8pt">Includes floor plan notes payable
    included in liabilities associated with assets held for
    sale&#160;- trade and non-trade.
    </FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 8pt">(e)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 8pt">Long-term debt, including current
    portion. See our consolidated financial statements and the
    related notes which are incorporated by reference into this
    prospectus from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009.
    </FONT></TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>This section describes some, but not all, of the risks of
    participating in the exchange offer and an investment in our
    Series&#160;B notes. Before making a decision as to whether to
    participate in the exchange offer, you should carefully consider
    the risk factors described below, the risk factors included in
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, which are
    incorporated by reference herein, and the risks described in our
    other filings with the SEC that are incorporated by reference
    herein.</I>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Risks
    Related to the Offering</FONT></I></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Failure
    to exchange your Series&#160;A notes may have adverse
    consequences to you.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you do not exchange your Series&#160;A notes for
    Series&#160;B notes in the exchange offer, your Series&#160;A
    notes will continue to be subject to the restrictions on
    transfer contained in the legend on the Series&#160;A notes. In
    general, the Series&#160;A notes may not be offered or sold
    unless they are registered under the Securities Act. However,
    you may offer or sell your Series&#160;A notes under an
    exemption from, or in a transaction not subject to, the
    Securities Act and applicable state securities laws. After the
    exchange offer is completed, you will not be entitled to any
    exchange or registration rights with respect to your
    Series&#160;A notes except under limited circumstances. The
    exchange offer for the Series&#160;A notes is not conditioned
    upon the tender of a minimum aggregate principal amount of
    Series&#160;A notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Issuance of the Series&#160;B notes in exchange for the
    Series&#160;A notes pursuant to the exchange offer will be made
    following the prior satisfaction, or waiver, of the conditions
    set forth in &#147;The Exchange Offer&#151;Conditions&#148; and
    only after timely receipt by the exchange agent of Series&#160;A
    notes, a properly completed and duly executed letter of
    transmittal and all other required documents. Therefore, holders
    of Series&#160;A notes desiring to tender their Series&#160;A
    notes in exchange for Series&#160;B notes should allow
    sufficient time to ensure timely delivery of all required
    documentation. Neither we, the exchange agent, nor any other
    person is under any duty to give notification of defects or
    irregularities with respect to the tenders of Series&#160;A
    notes for exchange. Series&#160;A notes that may be tendered in
    the exchange offer but which are not validly tendered will
    remain outstanding following the consummation of the exchange
    offer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    participants in the exchange offer must deliver a prospectus in
    connection with resales of the Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on certain no-action letters issued by the staff of the
    Commission, we believe that you may offer for resale, resell or
    otherwise transfer the exchange notes without compliance with
    the registration and prospectus delivery requirements of the
    Securities Act. However, in some instances described in this
    prospectus under &#147;Plan of Distribution,&#148; you will
    remain obligated to comply with the registration and prospectus
    delivery requirements of the Securities Act to transfer your
    Series&#160;B notes. In these cases, if you transfer any
    Series&#160;B note without delivering a prospectus meeting the
    requirements of the Securities Act or without an exemption from
    registration of your Series&#160;B notes under the Securities
    Act, you may incur liability under this act. We do not and will
    not assume, or indemnify you against, this liability.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">If you do
    not exchange your Series&#160;A notes for Series&#160;B notes,
    you will continue to be subject to restrictions on transfer of
    your Series&#160;A notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you do not exchange your Series&#160;A notes for the
    Series&#160;B notes pursuant to the exchange offer, you will
    continue to be subject to the restrictions on transfer of your
    Series&#160;A notes described in the legend on your
    Series&#160;A notes. The restrictions on transfer of your
    Series&#160;A notes arise because we issued the Series&#160;A
    notes pursuant to exemptions from, or in transactions not
    subject to, the registration requirements of the Securities Act
    and applicable state securities laws. In general, you may only
    offer to sell the Series&#160;A notes if they are registered
    under the Securities Act and applicable state securities laws,
    or offered and sold pursuant to an exemption from such
    requirements. We do not intend to register the Series&#160;A
    notes under the Securities Act. In addition, if you exchange
    your Series&#160;A notes in the exchange offer for the purpose
    of participating in a distribution of the Series&#160;B notes,
    you may be deemed to have received restricted securities and, if
    so, will
</DIV>
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    <BR>
    10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    be required to comply with the registration and prospectus
    delivery requirements of the Securities Act in connection with
    any resale transaction. To the extent Series&#160;A notes are
    tendered and accepted in the exchange offer, the trading market,
    if any, for the Series&#160;A notes would be adversely affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">If you do
    not comply with the specified exchange procedures described in
    this prospectus, you may be unable to obtain registered
    notes.</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will issue the Series&#160;B notes in exchange for the
    Series&#160;A notes pursuant to this exchange offer only after
    we have timely received the Series&#160;A notes, along with a
    properly completed and duly executed letter of transmittal and
    all other required documents. Therefore, if you want to tender
    your Series&#160;A notes in exchange for Series&#160;B notes,
    you should allow sufficient time to ensure timely delivery.
    Neither we nor the exchange agent is under any duty to give
    notification of defects or irregularities with respect to the
    tender of Series&#160;A notes for exchange. The exchange offer
    will expire at 5:00&#160;p.m., New York City time, on
    May&#160;7, 2010, or on a later extended date and time as we may
    decide. Series&#160;A notes that are not tendered or are
    tendered but not accepted for exchange will, following the
    expiration date and the consummation of this exchange offer,
    continue to be subject to the existing restrictions upon
    transfer thereof. In general, the Series&#160;A notes may not be
    offered or sold, unless registered under the Securities Act or
    except pursuant to an exemption from or in a transaction not
    subject to, the Securities Act. In addition, if you are still
    holding any Series&#160;A notes after the expiration date and
    the exchange offer has been consummated, subject to certain
    exceptions, you will not be entitled to any rights to have such
    Series&#160;A notes registered under the Securities Act or to
    any similar rights under the registration rights agreement
    subject to limited exceptions, if applicable. We do not
    currently anticipate that we will register the Series&#160;A
    notes under the Securities Act.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes and any Series&#160;A notes having the
    same maturity which remain outstanding after consummation of the
    exchange offer will vote together as a single class for purposes
    of determining whether holders of the requisite percentage
    thereof have taken certain actions or exercised certain rights
    under the Indenture.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Risks
    Related to the Series&#160;B Notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    substantial indebtedness could adversely affect our financial
    health and prevent us from fulfilling our obligations under the
    Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, after giving pro forma effect to
    the issuance of the Series A notes and the redemption of $200
    million aggregate principal amount of our 8.625% notes, we would
    have had total principal indebtedness of $615.3&#160;million,
    excluding up to an additional $48.6&#160;million that we had
    available for additional borrowings effective upon the closing
    of our syndicated revolving credit facility based on the
    borrowing base calculation (as of December&#160;31,
    2009)&#160;and $766.7&#160;million of outstanding indebtedness
    under our floor plan facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our substantial indebtedness could have important consequences
    to you. For example, it could:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="4%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    make it more difficult for us to satisfy our obligations under
    the Series&#160;B notes;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    increase our vulnerability to general adverse economic and
    industry conditions;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    require us to dedicate a substantial portion of our cash flow
    from operations to payments on our indebtedness, thereby
    reducing the availability of our cash flow to fund working
    capital, capital expenditures, research and development efforts
    and other general corporate purposes;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    limit our flexibility in planning for, or reacting to, changes
    in our business and the industry in which we operate;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    place us at a competitive disadvantage compared to our
    competitors that have less debt;&#160;and
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    limit our ability to borrow additional funds for capital
    expenditures, acquisitions, working capital or other purposes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, certain of our debt bears interest at variable
    rates. If market interest rates increase, variable-rate debt
    will create higher debt service requirements, which could
    adversely affect our cash flow.
</DIV>
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    <BR>
    11
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While we may enter into agreements limiting our exposure to
    higher interest rates, any such agreements may not offer
    complete protection from this risk.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Despite
    our current indebtedness levels, we and our subsidiaries may be
    able to incur substantially more debt and take other actions
    that could diminish our ability to make payments on the
    Series&#160;B notes when due. This could further exacerbate the
    risks associated with our substantial indebtedness.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We and our subsidiaries may be able to incur substantial
    additional indebtedness in the future, subject to the
    restrictions contained in our debt instruments existing at the
    time such indebtedness is incurred. The terms of the indenture
    governing the notes permit the incurrence of additional debt,
    securing existing or future debt, recapitalizing our debt or
    taking a number of other actions subject to certain conditions,
    any of which could have the effect of diminishing our ability to
    make payments on the Series&#160;B notes when due. The terms of
    the instruments governing our subsidiaries&#146; indebtedness
    may also permit such actions.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    repayment obligations under the Series&#160;B notes will be
    junior to our obligations under our 2010 Credit Facilities and
    other senior indebtedness, and our guarantors&#146; repayment
    obligations under the guarantees will be junior to their senior
    indebtedness.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The payment of the principal of, premium, if any, and interest
    on the Series&#160;B notes will be subordinated to the prior
    payment in full of all of our existing and future senior
    indebtedness. In the event of a liquidation, dissolution,
    reorganization or any similar proceeding, our assets will be
    available to pay obligations on the Series&#160;B notes only
    after senior indebtedness has been paid in full. Therefore,
    there may not be sufficient assets to pay amounts due on all or
    any of the Series&#160;B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, we may not:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    pay principal of, premium, if any, and interest on or any other
    amounts owing in respect of the Series&#160;B notes;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    make any deposit pursuant to defeasance provisions;&#160;or
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    purchase, redeem or otherwise retire the Series&#160;B notes,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if any senior indebtedness is not paid when due or any other
    default on senior indebtedness occurs and the maturity of such
    indebtedness is accelerated in accordance with its terms unless,
    in any case, the default has been cured or waived, and the
    acceleration has been rescinded or the senior indebtedness has
    been repaid in full.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Moreover, under certain circumstances, if any non-payment
    default exists with respect to senior indebtedness, we may not
    make any payments on the Series&#160;B notes for a specified
    time, unless such default is cured or waived, any acceleration
    of such indebtedness has been rescinded or such indebtedness has
    been repaid in full. See &#147;&#151;If we default on our
    obligations to pay our other indebtedness, we may not be able to
    make payments on the Series&#160;B notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes and the guarantees will be unsecured
    senior subordinated obligations. Accordingly, they will rank:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    subordinated to all of our and the guarantors&#146; existing and
    future senior debt, whether or not secured and structurally
    subordinated to the obligations of our non-guarantor
    subsidiaries;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    equally with all of our and the guarantors&#146; existing and
    future senior subordinated obligations that do not expressly
    provide that they are subordinated to the Series&#160;B notes
    and will be effectively senior to all of our debt that is not
    guaranteed by our subsidiaries;&#160;and
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    senior to any of our and the guarantors&#146; existing and
    future debt that expressly provides that it is subordinated to
    the Series&#160;B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Assuming all Series&#160;A notes are exchanged for Series&#160;B
    notes and the redemption of $200 million of our
    8<FONT style="vertical-align: text-top; font-size: 70%;">5</FONT>/<FONT style="font-size: 70%;">8</FONT>%
    Senior Subordinated Notes due 2013, as of December&#160;31,
    2009, excluding floor plan debt, the Series&#160;B notes would
    have been subordinated to approximately $123.0&#160;million of
    senior debt of certain of our guarantors and equal in right of
    payment to approximately $92.0&#160;million of senior
    subordinated debt,
</DIV>
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    <BR>
    12
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    $17.0&#160;million of which would have been structurally
    subordinated to the Series&#160;B notes since such debt is not
    guaranteed by our subsidiaries. In addition, the Series&#160;B
    notes would have been subordinated to approximately
    $172.5&#160;million of senior debt at the parent company level;
    however, such debt is not guaranteed by our subsidiaries and
    therefore the Series&#160;B notes would have been structurally
    senior in right of payment with regard to the guarantors. In
    addition, our non-guarantor subsidiaries would have had
    $17.8&#160;million of debt (other than intercompany liabilities
    and trade payables) to which the Series&#160;B notes would have
    been structurally subordinated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes will not be secured by any of our assets
    or assets of the guarantors. Our bilateral floor plan
    indebtedness is secured by substantially all of the assets of
    our subsidiaries that receive financing under the respective
    arrangements. Our construction/mortgage indebtedness is secured
    by the property acquired with borrowings under such indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indebtedness under our 2010 Credit Facilities is secured by
    pledge of substantially all of our assets and the assets of
    substantially all of our domestic subsidiaries, as well as a
    pledge of the franchise agreements and stock or equity interests
    of our dealership franchise subsidiaries, except for those
    dealership franchise subsidiaries where the applicable
    manufacturer prohibits such a pledge, in which cases the stock
    or equity interests of the dealership franchise subsidiary is
    subject to an escrow arrangement with the administrative agent.
    Substantially all of our domestic subsidiaries also guarantee
    our obligations under the 2010 Credit Facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of a default on the Series&#160;B notes or our
    bankruptcy, liquidation or reorganization, these assets will be
    available to satisfy the obligations with respect to the
    indebtedness secured thereby before any payment therefrom could
    be made on the Series&#160;B notes. Therefore, there may not be
    sufficient assets to pay amounts due on all or any of the
    Series&#160;B notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">A
    significant portion of our outstanding indebtedness and the
    indebtedness of our subsidiaries is secured by substantially all
    of our and our subsidiaries&#146; consolidated assets. As a
    result of these security interests, such assets would be
    available to satisfy claims of our creditors, including holders
    of the Series&#160;B notes, if we were to become insolvent only
    to the extent the value of such assets exceeded the amount of
    our secured and our subsidiaries&#146; indebtedness and other
    obligations. In addition, the existence of these security
    interests may adversely affect our financial
    flexibility.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indebtedness under our 2010 Credit Facilities is secured by a
    lien on substantially all of our and our subsidiaries&#146;
    assets, including pledges of all or a portion of the capital
    stock of certain of our subsidiaries. The Series&#160;B notes
    are unsecured and therefore do not have the benefit of such
    collateral. Accordingly, if an event of default were to occur
    under our 2010 Credit Facilities, the senior secured creditors
    under such facilities would have a prior right to our and our
    subsidiaries&#146; assets, to the exclusion of our unsecured
    creditors, including the holders of the Series&#160;B notes. In
    that event, our and our subsidiaries&#146; assets would first be
    used to repay in full all indebtedness and other obligations
    secured by them, resulting in all or a portion of our and our
    subsidiaries&#146; assets being unavailable to satisfy the
    claims of our unsecured indebtedness, including the
    Series&#160;B notes. The creditors under these secured
    facilities would have a prior claim on such assets in the event
    of our bankruptcy, insolvency, liquidation or reorganization,
    and we might not have sufficient funds to pay all of our
    creditors and holders of our unsecured indebtedness, including
    holders of the Series&#160;B notes, might receive less, ratably,
    than the holders of our senior secured debt and all of our
    subsidiaries&#146; debt, and might not be fully paid, or might
    not be paid at all, even when the holders of our senior secured
    debt and all of our subsidiaries&#146; debt receive full payment
    for their claims. In that event, holders of our unsecured
    indebtedness, including holders of the Series&#160;B notes,
    would not be entitled to receive any of our assets or the
    proceeds therefrom. The pledge of these assets and other
    restrictions may limit our flexibility in raising capital for
    other purposes. Because substantially all of our assets are
    pledged under our 2010 Credit Facilities, our ability to incur
    additional secured indebtedness or to sell or dispose of assets
    to raise capital may be impaired, which could have an adverse
    effect on our financial flexibility.
</DIV>
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    <BR>
    13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">If we
    default on our obligations to pay our other indebtedness, we may
    not be able to make payments on the Series&#160;B
    notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any default under the agreements governing our indebtedness,
    including a default under our 2010 Credit Facilities that is not
    waived by the required lenders, could result in our inability to
    pay principal, premium, if any, and interest on the
    Series&#160;B notes and substantially decrease the market value
    of the Series&#160;B&#160;notes. If we are unable to generate
    sufficient cash flow and are otherwise unable to obtain funds
    necessary to meet required payments of principal, premium, if
    any, and interest on our indebtedness, or if we otherwise fail
    to comply with the various covenants, including financial and
    operating covenants, in the instruments governing our
    indebtedness (including our 2010 Credit Facilities), we could be
    in default under the terms of the agreements governing such
    indebtedness. In the event of such default, the holders of such
    indebtedness could elect to declare all the funds borrowed
    thereunder to be due and payable, together with accrued and
    unpaid interest, the lenders under our 2010 Credit Facilities
    could elect to terminate their commitments, cease making further
    loans and institute foreclosure proceedings against our assets,
    and we may seek protection under the bankruptcy code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If our future operating performance declines to the extent that
    we are unable to meet our financial covenants under the 2010
    Credit Facilities, we may need to request waivers from the
    required lenders under our 2010 Credit Facilities to avoid being
    in default. If we are unable to obtain a waiver from the
    required lenders, we would be in default under our 2010 Credit
    Facilities, the lenders could exercise their rights as described
    above, and we may seek protection under the bankruptcy code. See
    &#147;Description of Other Indebtedness&#151;2010 Credit
    Facilities&#148; and &#147;Description of Notes.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    ability to make interest and principal payments when due to
    holders of the Series&#160;B notes depends upon the receipt of
    sufficient funds from our subsidiaries.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Substantially all of our consolidated assets are held by our
    subsidiaries and substantially all of our consolidated cash flow
    and net income are generated by our subsidiaries. Accordingly,
    our cash flow and ability to service debt, including the
    Series&#160;B notes, depends to a substantial degree on the
    results of operations of our subsidiaries and upon the ability
    of our subsidiaries to provide us with cash. We may receive cash
    from our subsidiaries in the form of dividends or loans or other
    distributions. We may use this cash to service our debt
    obligations or for working capital. Our subsidiaries are
    separate and distinct legal entities and have no obligation,
    contingent or otherwise, to distribute cash to us or to make
    funds available to service debt. In addition, the ability of our
    subsidiaries to pay dividends or make loans or distributions to
    us is subject to minimum net capital requirements under
    manufacturer franchise agreements and laws of the state in which
    a subsidiary is organized and depends to a significant degree on
    the results of operations of our subsidiaries and other business
    considerations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">To
    service our debt, we will require a significant amount of cash,
    which may not be available to us.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our ability to make payments on, or repay or refinance, our
    debt, including the Series&#160;B notes, and to fund planned
    capital expenditures and our research and development efforts,
    will depend largely upon our future operating performance. Our
    future performance, to a certain extent, is subject to general
    economic, financial, competitive, legislative, regulatory and
    other factors that are beyond our control. In addition, our
    ability to borrow funds in the future to make payments on our
    debt will depend on the satisfaction of the covenants in our
    2010 Credit Facilities and our other debt agreements, including
    the indenture governing the Series&#160;B notes and the
    indenture governing the 8.625%&#160;Notes, and other agreements
    we may enter into in the future. In particular, we will need to
    maintain certain financial ratios under our 2010 Credit
    Facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We cannot assure you that our business will generate sufficient
    cash flow from operations or that future borrowings will be
    available to us under our 2010 Credit Facilities or from other
    sources in an amount sufficient to enable us to pay our debt,
    including the Series&#160;B notes, or to fund our other
    liquidity needs. We may need to refinance all or a portion of
    our indebtedness, including the Series&#160;B notes, on or
    before maturity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We cannot assure you that we will be able to refinance any of
    our debt, including our 2010 Credit Facilities, on commercially
    reasonable terms or at all. In particular, our 2010 Credit
    Facilities and the
</DIV>
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    <BR>
    14
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.625%&#160;Notes that remain outstanding following the
    redemption of $200&#160;million of our 8.625% Notes mature prior
    to the maturity of the Series&#160;B notes. If we were unable to
    make payments or refinance our debt or obtain new financing
    under these circumstances, we would have to consider other
    options, such as sales of assets, sales of equity
    <FONT style="white-space: nowrap">and/or</FONT>
    negotiations with our lenders to restructure the applicable
    debt. Our 2010 Credit Facilities, the indenture governing the
    Series&#160;B notes and the indenture governing the
    8.625%&#160;Notes may restrict, or market or business conditions
    may limit, our ability to do some of these things.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    agreements governing our debt, including the Series&#160;B
    notes, the 8.625%&#160;Notes and our 2010 Credit Facilities,
    contain various covenants that impose restrictions on us that
    may affect our ability to operate our business and to make
    payments on the Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 2010 Credit Facilities, the indenture governing the
    Series&#160;B notes and the indenture governing the
    8.625%&#160;Notes impose, and future financing agreements are
    likely to impose, operating and financial restrictions on our
    activities. These restrictions require us to comply with or
    maintain certain financial tests and ratios, including a
    consolidated liquidity ratio, a consolidated fixed charge
    coverage ratio and a consolidated total senior secured debt to
    EBITDA ratio.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the agreements limit or prohibit our ability to,
    among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    incur, assume or permit to exist additional indebtedness,
    guaranty obligations or hedging arrangements;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    incur liens or agree to negative pledges in other agreements;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    make loans and investments;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    declare dividends, make payments or redeem or repurchase capital
    stock;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    limit the ability of our subsidiaries to enter into agreements
    restricting dividends and distributions;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    engage in mergers, acquisitions and other business combinations;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    prepay, redeem or purchase certain indebtedness including the
    Series&#160;B notes;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    amend or otherwise alter the terms of our organizational
    documents, our indebtedness including the notes and other
    material agreements;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    sell assets or engage in receivables securitizations;
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    transact with affiliates;&#160;and
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    alter the business that we conduct.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These restrictions on our ability to operate our business could
    seriously harm our business by, among other things, limiting our
    ability to take advantage of financing, merger and acquisition
    and other corporate opportunities. See &#147;Description of
    Other Indebtedness&#148; and &#147;Description of Notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Various risks, uncertainties and events beyond our control could
    affect our ability to comply with these covenants and maintain
    these financial tests and ratios. Failure to comply with any of
    the covenants in our existing or future financing agreements
    could result in a default under those agreements and under other
    agreements containing cross-default provisions. A default would
    permit lenders to accelerate the maturity of the debt under
    these agreements and to foreclose upon any collateral securing
    the debt. Under these circumstances, we might not have
    sufficient funds or other resources to satisfy all of our
    obligations, including our obligations under the Series&#160;B
    notes. In addition, the limitations imposed by financing
    agreements on our ability to incur additional debt and to take
    other actions might significantly impair our ability to obtain
    other financing. We cannot assure you that we will be granted
    waivers or amendments to these agreements if for any reason we
    are unable to comply with these agreements or that we will be
    able to refinance our debt on terms acceptable to us, or at all.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">We may
    not have the ability to raise the funds necessary to purchase
    the Series&#160;B notes upon a change of control, and our future
    debt may contain limitations on our ability to repurchase the
    Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of the Series&#160;B notes will have the right to
    require us to repurchase the Series&#160;B notes upon the
    occurrence of a change of control at 101% of their principal
    amount plus accrued and unpaid interest, as described under
    &#147;Description of Notes&#151;Purchase of Series&#160;B Notes
    Upon a Change of Control&#148; in this prospectus.
</DIV>
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    <BR>
    15
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, we may not have enough available cash or be able to
    obtain financing at the time we are required to make repurchases
    of Series&#160;B notes. In addition, our ability to repurchase
    the Series&#160;B notes may be limited by law or by agreements
    governing our then outstanding indebtedness. Our failure to
    repurchase Series&#160;B notes at a time when the repurchase is
    required by the indenture would constitute an event of default
    under the indenture. An event of default under the indenture or
    the change of control itself could also lead to a default under
    agreements governing our existing or future indebtedness. If the
    repayment of the related indebtedness were to be accelerated
    after any applicable notice or grace periods, we may not have
    sufficient funds to repay the indebtedness and repurchase the
    Series&#160;B notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Some
    significant restructuring transactions may not constitute a
    change of control, in which case we would not be obligated to
    offer to repurchase the Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the occurrence of a change of control, you have the right
    to require us to repurchase your Series&#160;B notes. However,
    the change of control provisions will not afford protection to
    holders of Series&#160;B&#160;notes in the event of certain
    other transactions that could adversely affect the Series&#160;B
    notes. For example, transactions such as leveraged
    recapitalizations, refinancings, restructurings, or acquisitions
    initiated by us may not constitute a change of control requiring
    us to repurchase the Series&#160;B notes. In the event of any
    such transaction, the holders would not have the right to
    require us to repurchase the Series&#160;B notes, even though
    each of these transactions could increase the amount of our
    indebtedness, or otherwise adversely affect our capital
    structure or any credit ratings, thereby adversely affecting the
    holders of Series&#160;B notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Our
    credit ratings may not reflect the risks of investing in the
    Series&#160;B notes and any downgrade of our credit ratings
    generally may cause the trading price of the notes to
    fall.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes will be rated by at least one nationally
    recognized statistical rating organization. The ratings of our
    Series&#160;B notes will primarily reflect our financial
    strength and will change in accordance with the rating of our
    financial strength. Any rating is not a recommendation to
    purchase, sell or hold any particular security, including the
    Series&#160;B notes. These ratings do not comment as to market
    price or suitability for a particular investor. In addition,
    ratings at any time may be lowered or withdrawn in their
    entirety. The ratings of the Series&#160;B notes may not reflect
    the potential impact of all risks related to structure and other
    factors on any trading market for, or trading value of, the
    Series&#160;B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If one or more rating agencies that rates the Series&#160;B
    notes reduces their rating in the future, or announces their
    intention to put the Series&#160;B notes on credit watch, the
    market price of the Series&#160;B notes could be harmed. Future
    downgrades of our credit ratings in general could cause also the
    trading price of the Series&#160;B notes to decrease and
    increase our corporate borrowing costs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Provisions
    in the indenture for the Series&#160;B notes may deter or
    prevent a business combination that may be favorable to
    you.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a change of control occurs prior to the maturity date of the
    notes, holders of the Series&#160;B notes will have the right,
    at their option, to require us to repurchase all or a portion of
    their Series&#160;B notes. In addition, the indenture for the
    Series&#160;B notes prohibits us from engaging in certain
    mergers or acquisitions unless, among other things, the
    surviving entity assumes our obligations under the Series&#160;B
    notes. These and other provisions could prevent or deter a third
    party from acquiring us even where the acquisition could be
    beneficial to you.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    guarantees may not be enforceable because of fraudulent
    conveyance laws.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our obligations under the Series&#160;B notes will be guaranteed
    by all of our domestic operating subsidiaries. If a court were
    to find, pursuant to federal bankruptcy or state fraudulent
    transfer laws or otherwise, that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the guarantees were incurred by the guarantors with intent to
    hinder, delay or defraud any present or future creditor or the
    guarantors contemplated insolvency with a design to prefer one
    or more creditors to the exclusion in whole or in part of
    others;&#160;or
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a guarantor, at the time it incurred the indebtedness evidenced
    by the guarantee, did not receive fair consideration or
    reasonably equivalent value for issuing its guarantee and the
    guarantor
</TD>
</TR>

</TABLE>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="4%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#176;&#160;&#160;
</TD>
    <TD align="left">
    was insolvent,
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#176;&#160;&#160;
</TD>
    <TD align="left">
    was rendered insolvent by reason of the issuance of the
    guarantee,
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#176;&#160;&#160;
</TD>
    <TD align="left">
    was engaged or about to engage in a business or transaction for
    which the remaining assets of the guarantor constituted
    unreasonably small capital to carry on its business,
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#176;&#160;&#160;
</TD>
    <TD align="left">
    intended to incur, or believed that it would incur, debts beyond
    its ability to pay such debts as they matured&#160;or
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#176;&#160;&#160;
</TD>
    <TD align="left">
    was a defendant in an action for money damages or had a judgment
    for money damages docketed against it (in either case, if after
    final judgment, the judgment remained unsatisfied),
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the court could avoid or subordinate the guarantee in favor of
    the guarantor&#146;s other creditors. Among other things, a
    legal challenge of a guarantee on fraudulent conveyance grounds
    may focus on the benefits, if any, realized by the guarantor as
    a result of our issuance of the Series&#160;B notes and be
    subject to a claim that, because the guarantees were incurred
    for the benefit of Sonic, and only indirectly for the benefit of
    the guarantors, the obligations of the guarantors under the
    guarantees were incurred for less than reasonably equivalent
    value or fair consideration. If a party challenging the validity
    of the guarantees were successful, any payment by that guarantor
    pursuant to its guarantee could be voided and required to be
    returned to the guarantor, or to a fund for the benefit of the
    creditors of the guarantor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The measure of insolvency of the guarantor for these purposes
    will vary depending upon the law of the relevant jurisdiction.
    Generally, however, a company would be considered insolvent:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if the sum of the company&#146;s debts, including contingent
    liabilities, is greater than the saleable value of all of the
    company&#146;s assets at a fair valuation,
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if the present fair saleable value of the company&#146;s assets
    is less than the amount that would be required to pay its
    probable liability on its existing debts, including contingent
    liabilities, as they become absolute and mature&#160;or
</TD>
</TR>





<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if the company could not pay its debts as they become due.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We cannot assure you what standards a court would apply to
    determine whether a guarantor was insolvent at the relevant
    time. To the extent that a guarantee were to be avoided as a
    fraudulent conveyance or held unenforceable for any other
    reason, holders of the Series&#160;B notes would cease to have
    any claim in respect of the guarantor and would be creditors
    solely of ours and other guarantors whose guarantees had not
    been avoided or held unenforceable. In this event, the claims of
    the holders of the Series&#160;B notes against the issuer of an
    invalid guarantee would be subject to the prior payment in full
    of all liabilities of the guarantor thereunder. There can be no
    assurance that, after providing for all prior claims, there
    would be sufficient assets to satisfy the claims of the holders
    of the Series&#160;B notes relating to the voided guarantees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The guarantees may be released under certain circumstances,
    including upon resale, exchange or transfer by us of the stock
    of the related guarantor or all or substantially all of the
    assets of the guarantor to a non-affiliate. See
    &#147;Description of Notes&#151;Certain
    Covenants&#151;<I>Limitations on Issuances of Guarantees of and
    Pledges for Indebtedness.</I>&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, to the extent that a court were to find that the
    issuance of the Series&#160;B notes violated federal or state
    fraudulent transfer or conveyance laws, in the manner described
    above with respect to the guarantors, the court could void a
    guarantor&#146;s obligation under its guarantee or take other
    action detrimental to the holders of the Series&#160;B notes
    such as avoiding or modify our obligations to holders of the
    Series&#160;B notes in favor our other creditors. To the extent
    that the issuance of the Series&#160;B notes were to be avoided
    as a fraudulent conveyance or held unenforceable for any other
    reason, holders of the Series&#160;B notes would cease to have
    any claim against us and would be creditors solely of the
    guarantors whose guarantees had not been avoided or held
    unenforceable. In this event, the claims of the holders of the
    Series&#160;B notes against us would be subject to the prior
    payment in full of all of our liabilities. We cannot assure you
    that, after providing for all prior claims, there would be
    sufficient assets to satisfy the claims of the holders of the
    Series&#160;B notes.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">There is
    currently no market for the Series&#160;B notes. We cannot
    assure you that an active trading market will develop for the
    Series&#160;B notes.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes are a new issue of securities. There is
    no established trading market for the Series&#160;B notes. We do
    not intend to apply for listing of the Series&#160;B notes on
    any securities exchange or market quotation system. The
    liquidity of, and trading market for, the Series&#160;B notes
    also may be adversely affected by general declines in the market
    or by declines in the market for similar securities or a decline
    in our share price. Such declines may adversely affect such
    liquidity and trading markets independent of our financial
    performance and prospects.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SELECTED
    CONSOLIDATED FINANCIAL DATA</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The selected consolidated income statement data for the years
    ended December&#160;31, 2007, 2008 and 2009 and the selected
    consolidated balance sheet data as of December&#160;31, 2008 and
    2009 are derived from our consolidated financial statements,
    which are incorporated by reference into this prospectus from
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009. The selected
    consolidated income statement data for the years ended
    December&#160;31, 2005 and 2006 and the selected consolidated
    balance sheet data as of December&#160;31, 2005, 2006 and 2007
    are derived from our audited consolidated financial statements
    as of and for such years, which are not included in or
    incorporated by reference into this prospectus. This selected
    consolidated financial and operating data should be read in
    conjunction with &#147;Management&#146;s Discussion and Analysis
    of Financial Condition and Results of Operations&#148; and our
    consolidated financial statements and the related notes thereto,
    which are incorporated by reference into this prospectus from
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have accounted for all of our dealership acquisitions using
    the purchase method of accounting and, as a result, we do not
    include in our consolidated financial statements the results of
    operations of acquired dealerships prior to the date they were
    acquired. The &#147;Selected Consolidated Financial and
    Operating Data&#148; discussed below reflects the results of
    operations and financial position of each of the dealerships
    acquired prior to December&#160;31, 2009. As a result of the
    effects of our acquisitions and other potential factors in the
    future, the &#147;Selected Consolidated Financial and Operating
    Data&#148; set forth below is not necessarily indicative of our
    results of operations and financial position in the future or
    the results of operations and financial position that would have
    resulted had such acquisitions occurred at the beginning of the
    periods presented below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="48%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>(dollars in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Revenues:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    New vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,256,720
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,667,118
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,842,427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,064,167
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,260,086
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Used vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,064,061
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,209,038
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,370,890
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,368,596
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,475,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Wholesale vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    449,847
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    441,876
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    384,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    277,559
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,695
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,770,628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,318,032
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,597,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,710,322
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,886,176
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Parts, service and collision repair
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    930,151
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,034,539
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,106,451
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,114,077
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,088,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Finance, insurance and other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    171,838
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181,453
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    203,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    156,811
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,872,617
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,534,024
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,907,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,008,108
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,131,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cost of Sales:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    New vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,947,246
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,328,956
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,510,635
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,794,539
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,034,528
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Used vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (954,517
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,089,718
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,243,032
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,249,381
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,355,130
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Wholesale vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (451,596
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (446,533
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (388,936
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (284,432
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (156,716
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,353,359
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,865,207
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,142,603
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,328,352
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,546,374
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Parts, service and collision repair
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (473,925
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (516,724
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (547,885
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (557,688
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (540,967
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total cost of sales
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,827,284
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,381,931
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,690,488
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,886,040
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5,087,341
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,045,333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,152,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,216,624
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,122,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,044,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Selling, general and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (794,368
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (879,455
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (903,644
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (921,367
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (843,794
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Impairment charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (619
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,757
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (975
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (822,952
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,514
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17,234
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21,371
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,927
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33,554
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35,576
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Operating income/(loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    233,112
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    246,510
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    287,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (655,805
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140,484
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<!-- XBRL Table Pagebreak -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="48%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>(dollars in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Other income (expense):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest expense, floor plan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33,507
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (56,042
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (63,461
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (44,923
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (20,415
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest expense, other, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (42,350
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (39,808
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (40,204
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60,276
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (85,586
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest expense, non-cash, convertible debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,655
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9,044
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (9,898
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10,704
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (679
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest expense, non-cash, cash flow swaps
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,775
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Other income (expense), net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (617
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    742
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,670
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total other expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (80,473
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105,511
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (113,494
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (115,161
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (118,125
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Income (loss) from continuing operations before taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    152,639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    140,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    173,584
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (770,966
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,359
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Provision for income taxes&#151;benefit/(expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (56,312
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (56,906
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (67,854
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    125,399
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,251
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Income (loss) from continuing operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105,730
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (645,567
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55,610
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Discontinued operations:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Loss from operations and the sale of discontinued franchises
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,553
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10,775
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (20,854
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60,666
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (44,711
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Income tax benefit/(expense)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (707
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,687
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,884
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,649
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Loss from discontinued operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7,260
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8,402
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16,167
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46,782
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (24,062
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    89,067
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    75,691
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    89,563
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (692,349
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    31,548
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Ratio of earnings to fixed charges (a)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (772,509
</TD>
<TD nowrap align="left" valign="bottom">
    )&#160;(b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Balance Sheet Data (at end of period):</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,025,501
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,124,764
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3,282,744
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,405,545
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,068,855
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total long-term debt (c)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    672,522
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    567,842
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    678,403
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    738,447
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    576,141
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total long-term liabilities (including long-term debt)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    851,434
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    768,196
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    915,840
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    809,579
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    717,193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    856,319
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    923,935
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    944,984
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    197,523
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    368,752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    (a) </TD>
    <TD></TD>
    <TD valign="bottom">
    For the purposes of the ratio of earnings to fixed charges:
    1)&#160;earnings consist of income before provision for income
    taxes plus fixed charges (excluding capitalized interest) and
    2)&#160;fixed charges consist of interest expensed and
    capitalized, amortization of debt discount and expense relating
    to indebtedness and the portion of rental expense representative
    of the interest factor attributable to leases for rental
    property. The ratio of earnings to fixed charges is calculated
    by adding fixed charges to income before income taxes and
    non-controlling interest and dividing the sum by fixed charges.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (b) </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects deficiency of earnings available to cover fixed
    charges. Because of the deficiency, ratio information is not
    provided.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (c) </TD>
    <TD></TD>
    <TD valign="bottom">
    Long-term debt, including current portion. See our consolidated
    financial statements and the related notes which are
    incorporated by reference into this prospectus from our Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009.</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will not receive any proceeds from the issuance of
    Series&#160;B notes in the exchange offer. The Series&#160;B
    notes will evidence the same debt as the Series&#160;A notes
    tendered in exchange for the Series&#160;B notes. The
    Series&#160;A notes exchanged for Series&#160;B notes in this
    exchange offer will be retired and canceled. Accordingly, the
    issuance of the Series&#160;B notes will not result in any
    change in our indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The net proceeds of the Series&#160;A notes was approximately
    $203.2&#160;million after deducting the initial purchasers&#146;
    discount and estimated expenses related to the issuance of the
    Series&#160;A notes. The net proceeds from the sale of the
    Series&#160;A notes will be used, together with cash on hand, to
    redeem $200.0&#160;million aggregate principal amount of our
    8.625%&#160;Notes.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CAPITALIZATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth our cash and capitalization as of
    December&#160;31, 2009:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    on an actual basis;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as adjusted to give effect to the sale the Series&#160;A notes
    on March&#160;12, 2010 and the redemption of $200,000,000
    aggregate principal amount of our 8.625%&#160;Notes with net
    proceeds from the sale of the Series&#160;A notes and cash on
    hand.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This table should be read in conjunction with the audited
    consolidated financial statements (including the notes thereto)
    incorporated by reference into this prospectus.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="78%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Actual</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>As adjusted</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>(In thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30,035
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    27,488
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;(1)
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term debt, including current maturities&#160;(2):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    2006 Revolving Credit
    <FONT style="white-space: nowrap">Sub-Facility&#160;(3)</FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    4.25%&#160;Convertible Senior Subordinated Notes due
    2015&#160;(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,045
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,045
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    5.00%&#160;Convertible Senior Notes due 2029&#160;(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    172,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    172,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    8.625%&#160;Senior Subordinated Notes due 2013&#160;(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    275,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Series&#160;A Notes&#160;(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    210,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Mortgage Notes Payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    116,675
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    116,675
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other notes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    605,340
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    615,340
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    368,752
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;(8)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    364,628
</TD>
<TD nowrap align="left" valign="bottom">
    &#160;(9)
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Total capitalization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    974,092
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    979,968
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Assumes $200&#160;million aggregate principal amount of
    8.625%&#160;Notes are redeemed at a price of 102.875% and
    reflects the initial purchaser discount and estimated offering
    expenses related to the sale of the Series&#160;A notes. We
    expect to complete this redemption on April&#160;12, 2010.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Excludes $766.7&#160;million of short-term floor plan notes
    payable.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The 2010 Credit Facilities replaced the 2006 Revolving Credit
    Facility. As of January&#160;15, 2010, we had approximately
    $48.6&#160;million of availability under the Revolving Credit
    Facility (as defined in &#147;Description of Other
    Indebtedness&#151;2010 Credit Facilities&#148;) based on a
    borrowing base calculated on the basis of our receivables,
    inventory and equipment and a pledge of certain additional
    collateral by an affiliate of ours and subject to the
    satisfaction of conditions for future advances. As of
    April&#160;2, 2010, we did not have any amounts outstanding
    under our Revolving Credit Facility.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect unamortized discount of $0.6&#160;million at
    December&#160;31, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect unamortized discount of $29.8&#160;million at
    December&#160;31, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect unamortized discount of $1.5&#160;million at
    December&#160;31, 2009.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes all $210.0&#160;million aggregate principal amount of
    Series&#160;A notes that are the subject of this exchange offer.
    As more fully described elsewhere in this prospectus,
    Series&#160;B notes will be issued in the same principal amount
    as Series&#160;A notes exchanged in this exchange offer. Does
    not reflect the discount to investors, the discount to the
    initial purchasers and estimated offering expenses related to
    the sale of the Series&#160;A notes.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes as of December&#160;31, 2009 Class&#160;A common stock,
    $.01&#160;par value, 100,000,000&#160;shares authorized,
    54,986,875&#160;shares issued and 40,099,559&#160;shares
    outstanding; Class&#160;B common stock, $.01&#160;par value,
    30,000,000&#160;shares authorized, 12,029,375&#160;shares issued
    and outstanding; and preferred stock, $.10&#160;par value,
    3,000,000&#160;shares authorized, no shares issued and
    outstanding.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    As adjusted total stockholders&#146; equity reflects adjustments
    for the write-off, net of income taxes, of net original issuance
    discount related to the 8.625%&#160;Notes assumed redeemed in
    this capitalization table and the effect, net of income taxes,
    of an assumed 2.875% premium paid to redeem the
    8.625%&#160;Notes in this capitalization table.</TD>
</TR>

</TABLE>
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    <BR>
    22
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    EXCHANGE OFFER</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Background
    and Reasons for the Exchange Offer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We issued the Series&#160;A notes that are subject to this
    exchange offer on March&#160;12, 2010 in a transaction exempt
    from the registration requirements of the Securities Act.
    Simultaneously with the sale of the Series&#160;A notes that are
    subject to this exchange offer, we entered into a registration
    rights agreement with Banc of America Securities LLC, as
    representative of the initial purchasers, under which we agreed
    to offer to exchange the Series&#160;A notes for publicly
    tradeable notes having identical terms to those of the
    Series&#160;A notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In particular, under the registration rights agreement we
    agreed, for the benefit of the holders of the Series&#160;A
    notes, at our cost, to use our commercially reasonable efforts to
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    to file with the Commission a registration statement with
    respect to the exchange offer for the Series&#160;B notes,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    to cause the exchange offer registration statement to be
    declared effective under the Securities Act,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    to keep the exchange offer registration statement effective
    until the closing of this exchange offer&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    to cause the exchange offer to be consummated on or before
    December&#160;7, 2010.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The exchange offer being conducted with this prospectus, if
    consummated within the required time period, will satisfy our
    obligations under the registration rights agreement except in
    limited circumstances. This prospectus, together with the
    related letter of transmittal, is being sent to all beneficial
    holders of Series&#160;A notes known to us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Promptly after this registration statement has been declared
    effective, we will offer the Series&#160;B notes in exchange for
    surrender of the Series&#160;A notes. We will keep the exchange
    offer open for not less than 30&#160;days (or longer if required
    by applicable law) after the date notice of the exchange offer
    is mailed to the holders of the Series&#160;A notes. For each
    Series&#160;A note validly tendered to us pursuant to the
    exchange offer and not withdrawn by the holder thereof, the
    holder of each Series&#160;A note will receive a Series&#160;B
    note having a principal amount equal to that of the tendered
    Series&#160;A note. Interest on each Series&#160;B note will
    accrue from the last date on which interest was paid on the
    tendered Series&#160;A note in exchange therefor or, if no
    interest has been paid on the Series&#160;A note, from
    March&#160;12, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on an interpretation of the Securities Act by the staff of
    the Commission set forth in several no action letters to third
    parties, and subject to the immediately following sentence, we
    believe that the Series&#160;B notes issued pursuant to the
    exchange offer may be offered for resale, resold and otherwise
    transferred by holders thereof without further compliance with
    the registration and prospectus delivery provisions of the
    Securities Act. However, any purchaser of Series&#160;A notes
    who is an &#147;affiliate&#148; of Sonic (within the meaning of
    Rule&#160;405 of the Securities Act) or who intends to
    participate in the exchange offer for the purpose of
    distributing the Series&#160;B notes (a)&#160;will not be able
    to rely on the interpretation by the staff of the Commission set
    forth in the no-action letters of the Commissions&#146; staff,
    (b)&#160;will not be able to tender Series&#160;A notes in the
    exchange offer and (c)&#160;must comply with the registration
    and prospectus delivery requirements of the Securities Act in
    connection with any sale or transfer of the Series&#160;A notes,
    unless such sale or transfer is made pursuant to an exemption
    from such requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each holder of the Series&#160;A notes who wishes to exchange
    Series&#160;A notes for Series&#160;B notes in the exchange
    offer will be required to make certain representations,
    including that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    it is neither an affiliate of Sonic nor a broker/dealer
    tendering Series&#160;A notes acquired directly from Sonic for
    its own account,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    any Series&#160;B notes to be received by it were acquired in
    the ordinary course of its business,&#160;and
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    it has no arrangement or understanding with any person to
    participate in the exchange offer for the purpose of a
    distribution of such Series&#160;B Notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, in connection with any resales of Series&#160;B
    notes, any broker/dealer (a &#147;Participating
    Broker-Dealer&#148;) who acquired the Series&#160;A notes for
    its own account as a result of market-making activities or other
    trading activities must deliver a prospectus meeting the
    requirements of the Securities Act. The Commission has taken the
    position that Participating Broker-Dealers may fulfill their
    prospectus delivery requirements with respect to the
    Series&#160;B notes (other than a resale of an unsold allotment
    from the original sale of the Series&#160;A notes) with the
    prospectus contained in this Exchange Offer Registration
    Statement. We will allow Participating Broker-Dealers and other
    persons, if any, subject to similar prospectus delivery
    requirements to use the prospectus contained in the Exchange
    Offer Registration Statement in connection with the resale of
    such Series&#160;B notes, subject to limitations set forth in
    the registration rights agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any changes in law or the applicable interpretations of the
    staff of the Commission do not permit us to effect the exchange
    offer, or if for any other reason the Exchange Offer
    Registration Statement is not consummated within 270&#160;days
    of the date of original issue of the Series&#160;A notes, or
    upon the request of any of the initial purchasers with respect
    to Series&#160;A notes not eligible to be exchanged for
    Series&#160;B notes, or if a holder of the Series&#160;A notes
    is not permitted by applicable law to participate in the
    exchange offer or elects to participate in the exchange offer
    but does not receive freely tradable Series&#160;B notes
    pursuant to the exchange offer (other than due solely to the
    status of such holder as an &#147;affiliate&#148; of ours within
    the meaning of the Securities Act), we will, at our cost,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    as promptly as practicable, file with the Commission a shelf
    registration statement covering resales of the Series&#160;A
    notes,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    use our commercially reasonable efforts to cause the shelf
    registration statement to be declared effective under the
    Securities Act by the 270th&#160;day after the original issue of
    the Series&#160;A notes&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    use our commercially reasonable efforts to keep effective the
    shelf registration statement for a period of two years after the
    original issue of the Series&#160;A notes (or for such shorter
    period that will terminate when all of the Series&#160;A notes
    covered by the shelf registration statement have been sold
    pursuant thereto, become eligible for resale under Rule&#160;144
    without regard to volume, manner of sale or other restrictions
    contained in Rule&#160;144, or cease to be outstanding).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we file a shelf registration statement, we will notify each
    holder of our intent to file such a shelf registration statement
    at least five business days prior to such filing, provide to
    each holder of the Series&#160;A notes copies of the prospectus
    which is a part of the shelf registration statement as such
    holder reasonably requests, notify each such holder when the
    shelf registration statement for the Series&#160;A notes has
    become effective and take certain other actions as are required
    to permit unrestricted resales of the Series&#160;A notes. A
    holder of Series&#160;A notes who sells such Series&#160;A notes
    pursuant to the shelf registration statement generally will be
    required to be named as a selling security holder in the related
    prospectus and to deliver the prospectus to purchasers, will be
    subject to certain of the civil liability provisions under the
    Securities Act in connection with such sales and will be bound
    by the provisions of the registration rights agreement which are
    applicable to such a holder (including certain indemnification
    obligations).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that the exchange offer is not consummated or a
    shelf registration statement is not declared effective, in
    either case, on or prior to the 270th&#160;day following the
    date of original issue of the Series&#160;A notes (either such
    event, a &#147;Registration Default&#148;), the interest rate
    borne by the Series&#160;A notes will be increased by 0.25% per
    annum upon the occurrence of each Registration Default, which
    increased rate will further increase by 0.25% each
    <FONT style="white-space: nowrap">90-day</FONT>
    period that such additional interest continues to accrue under
    any Registration Default, with an aggregate maximum increase in
    the interest rate equal to one percent (1%) per annum. If the
    shelf registration statement is declared effective but becomes
    unusable by the holders for more than 30&#160;days in the
    aggregate in any consecutive 12&#160;month period, the interest
    rate borne by the Series&#160;A notes will be increased by 0.25%
    for the first 90&#160;day period beginning on the 31st&#160;day
    the shelf registration statement becomes unusable and will
    increase by an additional 0.25% at the beginning of each
    subsequent
</DIV>
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    <BR>
    24
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    90&#160;day period with an aggregate maximum increase in the
    interest rate equal to one (1%) per annum. Following the cure of
    all Registration Defaults or the shelf registration statement
    becoming usable, the accrual of additional interest will cease
    and the interest rate will revert to the original rate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The form and terms of the Series&#160;B notes are identical in
    all material respects to the form and terms of the Series&#160;A
    notes. The Series&#160;B notes will be registered under the
    Securities Act. The Series&#160;A notes are not currently
    registered under the Securities Act. As a result, the
    Series&#160;B notes issued in the exchange offer will not bear
    legends restricting their transfer and will not contain the
    registration rights and liquidated damage provisions contained
    in the Series&#160;A notes. Upon the completion of the exchange
    offer, you will not be entitled to any liquidated damages on
    your Series&#160;A notes or any further registration rights
    under the registration rights agreement except under limited
    circumstances. The exchange offer is not extended to holders of
    Series&#160;A notes in any jurisdiction where the exchange offer
    does not comply with the securities or blue sky laws of that
    jurisdiction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In this section entitled &#147;The Exchange Offer,&#148; the
    term &#147;holder&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    any person in whose name the Series&#160;A notes are registered
    on our books; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    any person whose Series&#160;A notes are held of record by DTC
    or its nominee and who wants to deliver these Series&#160;A
    notes by book-entry transfer at DTC.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Terms of
    the Exchange Offer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are offering to exchange $210.0&#160;million in aggregate
    principal amount of our 9.0%&#160;Senior Subordinated Notes due
    2018, Series&#160;B that have been registered under the
    Securities Act for a like principal amount of our outstanding
    unregistered 9.0%&#160;Senior Subordinated Notes due 2018,
    Series&#160;A.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the terms and subject to the conditions set forth in this
    prospectus and in the accompanying letter of transmittal, we
    will accept all Series&#160;A notes validly tendered and not
    withdrawn before 5:00&#160;p.m., New York City time, on the
    expiration date of the exchange offer. We will issue $1,000
    principal amount of Series&#160;B notes in exchange for each
    $1,000 principal amount of outstanding Series&#160;A notes we
    accept in the exchange offer. You may tender some or all of your
    Series&#160;A notes under the exchange offer. The exchange offer
    is not conditioned upon any minimum amount of Series&#160;A
    notes being tendered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The form and terms of the Series&#160;B notes will be the same
    as the form and terms of the Series&#160;A notes, except that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the Series&#160;B notes will be registered under the Securities
    Act and, thus, will not be subject to the restrictions on
    transfer or bear legends restricting their transfer;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the Series&#160;B notes will not provide for the payment of
    additional interest under circumstances relating to the timing
    of the exchange offer.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes will evidence the same debt as the
    Series&#160;A notes and will be issued under, and be entitled to
    the benefits of, the indenture, as supplemented, governing the
    Series&#160;A notes. The Series&#160;B notes will accrue
    interest from the most recent date to which interest has been
    paid or, if no interest has been paid, from date of issuance of
    the Series&#160;A notes. Accordingly, registered holders of
    Series&#160;B notes on the record date for the first interest
    payment date following the completion of the exchange offer will
    receive interest accrued from the most recent date to which
    interest has been paid or, if no interest has been paid, from
    the date of issuance of the Series&#160;A notes. However, if
    that record date occurs prior to completion of the exchange
    offer, then the interest payable on the first interest payment
    date following the completion of the exchange offer will be paid
    to the registered holders of the Series&#160;A notes on that
    record date.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the exchange offer, you do not have any
    appraisal or dissenters&#146; rights under the Delaware
    Corporation Law or the indenture, as supplemented. We intend to
    conduct the exchange offer in accordance with the registration
    rights agreement and the applicable requirements of the
    Securities Exchange Act of 1934, as amended (the &#147;Exchange
    Act&#148;) and the rules and regulations of the SEC.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>
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    <BR>
    25
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will be deemed to have accepted validly tendered
    Series&#160;A notes when, as and if we have given oral or
    written notice of our acceptance to the exchange agent. The
    exchange agent will act as agent for the tendering holders for
    the purpose of receiving the Series&#160;B notes from us. If we
    do not accept any tendered notes because of an invalid tender or
    for any other reason, we will return certificates for any
    unaccepted Series&#160;A notes without expense to the tendering
    holder as promptly as practicable after the expiration date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Expiration
    Date; Amendments</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The exchange offer will expire at 5:00&#160;p.m., New York City
    time, on May&#160;7, 2010, unless we, in our sole discretion,
    extend the exchange offer. The term &#147;expiration date&#148;
    means May&#160;7, 2010, unless we extend the exchange offer, in
    which case the term &#147;expiration date&#148; means the latest
    date to which the exchange offer is extended. If we determine to
    extend the exchange offer, we will notify the exchange agent of
    any extension by oral or written notice and give each registered
    holder notice of the extension by means of a press release or
    other public announcement before 9:00&#160;a.m., New York City
    time, on the next business day after the previously scheduled
    expiration date. We reserve the right, in our sole discretion,
    to delay accepting any Series&#160;A notes, to extend the
    exchange offer or to amend or terminate the exchange offer if
    any of the conditions described below under
    &#147;&#151;Conditions&#148; have not been satisfied or waived
    by giving oral or written notice to the exchange agent of the
    delay, extension, amendment or termination. Further, we reserve
    the right, in our sole discretion, to amend the terms of the
    exchange offer in any manner. We will notify you as promptly as
    practicable of any extension, amendment or termination.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any delay in acceptance, extension, termination or amendment
    will be followed as promptly as practicable by oral or written
    notice. If the exchange offer is amended in a manner determined
    by us to constitute a material change, we will promptly
    disclosure the amendment in a manner reasonably calculated to
    inform the holders of the Series&#160;A notes of the amendment.
    The exchange offer will then be extended so at least five
    business days remain from the date of such amendment until the
    expiration date. Depending upon the significance of any other
    amendment, we may extend the exchange offer as required by law
    if it otherwise would expire during the extension period.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Without limiting the manner in which we may choose to make a
    public announcement of any extension, amendment or termination
    of the exchange offer, we will not be obligated to publish,
    advertise or otherwise communicate any announcement, other than
    by making a timely release to an appropriate news agency.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Procedures
    for Tendering Series&#160;A notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any tender of Series&#160;A notes that is not withdrawn prior to
    the expiration date will constitute a binding agreement between
    the tendering holder and us upon the terms and subject to the
    conditions set forth in this prospectus and in the accompanying
    letter of transmittal. A holder who wishes to tender
    Series&#160;A notes in the exchange offer must do either of the
    following on or prior to 5:00&#160;p.m., New York City time, on
    the expiration date:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    properly complete, sign and date the letter of transmittal,
    including all other documents required by the letter of
    transmittal; have the signature on the letter of transmittal
    guaranteed if the letter of transmittal so requires; and mail or
    deliver that letter of transmittal and other required documents
    to the exchange agent at the address listed below under
    &#147;&#151;Exchange Agent&#148; on or before the expiration
    date;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if the Series&#160;A notes are tendered under the book-entry
    transfer procedures described below, transmit to the exchange
    agent on or before the expiration date an agent&#146;s message.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, one of the following must occur on or prior to
    5:00&#160;p.m., New York City time, on the expiration date:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the exchange agent must receive certificates representing your
    Series&#160;A notes, along with the letter of transmittal, on or
    before the expiration date;&#160;or
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the exchange agent must receive a timely confirmation of
    book-entry transfer of the Series&#160;A notes into the exchange
    agent&#146;s account at DTC under the procedure for book-entry
    transfers described below, along with the letter of transmittal
    or a properly transmitted agent&#146;s message, on or before the
    expiration date;&#160;or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the holder must comply with the guaranteed delivery procedures
    described below.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The term &#147;agent&#146;s message&#148; means a message,
    transmitted by the book-entry transfer facility to and received
    by the exchange agent and forming a part of the book-entry
    confirmation, which states that the book-entry transfer facility
    has received an express acknowledgment from the tendering
    participant stating that the participant has received and agrees
    to be bound by the letter of transmittal and that we may enforce
    the letter of transmittal against the participant.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The tender by a holder of Series&#160;A notes will constitute an
    agreement between the holder and Sonic in accordance with the
    terms and subject to the conditions set forth in this prospectus
    and in the letter of transmittal.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Only a holder of Series&#160;A notes may tender Series&#160;A
    notes in the exchange offer. Holders may also request their
    respective duly authorized brokers, dealers, commercial banks,
    trust companies or nominees to effect a tender for the holders.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delivery of all documents must be made to the exchange agent at
    the address set forth below. Do not send letters of transmittal
    or Series&#160;A notes to us. The method of delivery of
    Series&#160;A notes, the letter of transmittal and all other
    required documents to the exchange agent is at your election and
    risk. Rather than mail these items, we recommend that you use an
    overnight or hand delivery service. In all cases, you should
    allow sufficient time to assure timely delivery to the exchange
    agent before the expiration date.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Generally, an eligible institution (as defined below) must
    guarantee signatures on a letter of transmittal or a notice of
    withdrawal unless the Series&#160;A notes are tendered:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    by a registered holder of the Series&#160;A notes who has not
    completed the box entitled &#147;Special Issuance
    Instructions&#148; or &#147;Special Delivery Instructions&#148;
    on the letter of transmittal;&#160;or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    for the account of an eligible institution.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If signatures on a letter of transmittal or a notice of
    withdrawal are required to be guaranteed, the guarantee must be
    by a firm (each an &#147;eligible institution&#148;) which is:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a member of a registered national securities exchange;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a member of the Financial Industry Regulatory Authority, Inc.;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a commercial bank or trust company having an office or
    correspondent in the United States;&#160;or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    another &#147;eligible guarantor institution&#148; within the
    meaning of
    <FONT style="white-space: nowrap">Rule&#160;17Ad-15</FONT>
    under the Exchange Act.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the letter of transmittal is signed by a person other than
    the registered holder of any outstanding Series&#160;A notes,
    the Series&#160;A notes must be endorsed or accompanied by
    appropriate powers of attorney. The power of attorney must be
    signed by the registered holder exactly as the registered
    holder(s) name(s) appear(s) on the Series&#160;A notes and an
    eligible institution must guarantee the signature on the power
    of attorney.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the letter of transmittal or any Series&#160;A notes or
    powers of attorney are signed by trustees, executors,
    administrators, guardians, attorneys-in-fact, officers of
    corporations or others acting in a fiduciary or representative
    capacity, these persons should so indicate when signing. Unless
    waived by us, they should also submit evidence satisfactory to
    us of their authority to so act. If you wish to tender
    Series&#160;A notes that are registered in the name of a broker,
    dealer, commercial bank, trust company or other nominee, you
    should promptly instruct the registered holder to tender on your
    behalf.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you wish to tender on your behalf, you must, before
    completing the procedures for tendering Series&#160;A notes,
    either register ownership of the Series&#160;A notes in your
    name or obtain a properly completed bond power from the
    registered holder. The transfer of registered ownership may take
    considerable time.
</DIV>
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    <BR>
    27
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will determine in our sole discretion all questions as to the
    validity, form, eligibility, including time of receipt, and
    acceptance of Series&#160;A notes tendered for exchange. Our
    determination will be final and binding on all parties. We
    reserve the absolute right to reject any and all tenders of
    Series&#160;A notes not properly tendered or Series&#160;A notes
    our acceptance of which might, in the judgment of our counsel,
    be unlawful. We also reserve the absolute right to waive any
    defects, irregularities or conditions of tender as to any
    particular Series&#160;A notes. Our interpretation of the terms
    and conditions of the exchange offer, including the instructions
    in the letter of transmittal, will be final and binding on all
    parties. Unless waived, any defects or irregularities in
    connection with tenders of Series&#160;A notes must be cured
    within the time period we determine. Neither we, the exchange
    agent nor any other person has any duty to give notification of
    defects or irregularities with respect to tenders of
    Series&#160;A notes. In addition, neither we, the exchange agent
    nor any other person will incur any liability for failure to
    give you notification of defects or irregularities with respect
    to tenders of your Series&#160;A notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By tendering, you will represent to us that, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the Series&#160;B notes acquired in the exchange offer are being
    acquired in the ordinary course of business of the person
    receiving the Series&#160;B notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you have no arrangement or understanding with any person to
    participate in the exchange offer for the purpose of a
    distribution of such Series&#160;B Notes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you are not our &#147;affiliate,&#148; as defined under
    Rule&#160;405 of the Securities Act, or a broker/dealer
    tendering Series&#160;A notes acquired directly from us for its
    own account.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you or the person receiving your Series&#160;B notes is our
    &#147;affiliate,&#148; as defined under Rule&#160;405 of the
    Securities Act, or is participating in the exchange offer for
    the purpose of distributing the Series&#160;B notes, you or that
    other person (1)&#160;cannot rely on the applicable
    interpretations of the staff of the SEC and (2)&#160;must comply
    with the registration and prospectus delivery requirements of
    the Securities Act in any resale transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are a broker-dealer and you will receive Series&#160;B
    notes for your own account in exchange for Series&#160;A notes,
    where such Series&#160;A notes were acquired as a result of
    market-making activities or other trading activities, you must
    acknowledge that you will deliver a prospectus in connection
    with any resale of the Series&#160;B notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Acceptance
    of Series&#160;A notes for Exchange; Delivery of Series&#160;B
    notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon satisfaction of all conditions to the exchange offer, we
    will accept, promptly after the expiration date, all
    Series&#160;A notes properly tendered and issue the
    Series&#160;B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of the exchange offer, we shall be deemed to have
    accepted properly tendered Series&#160;A notes for exchange
    when, as and if we have given oral or written notice of that
    acceptance to the exchange agent. For each Series&#160;A note
    accepted for exchange, you will receive a Series&#160;B note
    having a principal amount equal to that of the surrendered
    Series&#160;A note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In all cases, we will issue Series&#160;B notes for
    Series&#160;A notes that we have accepted for exchange under the
    exchange offer only after the exchange agent timely receives
    (1)&#160;certificates for your Series&#160;A notes or a timely
    confirmation of book-entry transfer of your Series&#160;A notes
    into the exchange agent&#146;s account at DTC and (2)&#160;a
    properly completed and duly executed letter of transmittal and
    all other required documents or a properly transmitted
    agent&#146;s message. If we do not accept any tendered
    Series&#160;A notes for any reason set forth in the terms of the
    exchange offer or if you submit Series&#160;A notes for a
    greater principal amount than you desire to exchange, we will
    return the unaccepted or non-exchanged Series&#160;A notes
    without expense to you. In the case of Series&#160;A notes
    tendered by book-entry transfer into the exchange agent&#146;s
    account at DTC under the book-entry procedures described below,
    we will credit the non-exchanged Series&#160;A notes to your
    account maintained with DTC.
</DIV>
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    <BR>
    28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Book-Entry
    Transfer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We understand that the exchange agent will make a request within
    two business days after the date of this prospectus to establish
    accounts for the Series&#160;A notes at DTC for the purpose of
    facilitating the exchange offer, and any financial institution
    that is a participant in DTC&#146;s system may make book-entry
    delivery of Series&#160;A notes by causing DTC to transfer the
    Series&#160;A notes into the exchange agent&#146;s account at
    DTC in accordance with DTC&#146;s procedures for transfer.
    Although delivery of Series&#160;A notes may be effected through
    book-entry transfer at DTC, the exchange agent must receive a
    properly completed and duly executed letter of transmittal with
    any required signature guarantees, or an agent&#146;s message
    instead of a letter of transmittal, and all other required
    documents at its address listed below under &#147;&#151;Exchange
    Agent&#148; on or before the expiration date, or if you comply
    with the guaranteed delivery procedures described below, within
    the time period provided under those procedures. Delivery of
    documents to DTC does not constitute delivery to the exchange
    agent.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Guaranteed
    Delivery Procedures</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you wish to tender your Series&#160;A notes and your
    Series&#160;A notes are not immediately available, or you cannot
    deliver your Series&#160;A notes, the letter of transmittal or
    any other required documents or comply with DTC&#146;s
    procedures for transfer before the expiration date, then you may
    participate in the exchange offer if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="5%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    the tender is made through an eligible institution;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    before the expiration date, the exchange agent receives from the
    eligible institution a properly completed and duly executed
    notice of guaranteed delivery, substantially in the form
    provided by us, by facsimile transmission, mail or hand
    delivery, containing (a)&#160;the name and address of the holder
    and the principal amount of Series&#160;A notes tendered,
    (b)&#160;a statement that the tender is being made thereby and
    (c)&#160;a guarantee that within three New York Stock Exchange
    trading days after the expiration date, the certificates
    representing the Series&#160;A notes in proper form for transfer
    or a book-entry confirmation and any other documents required by
    the letter of transmittal will be deposited by the eligible
    institution with the exchange agent;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    the exchange agent receives the properly completed and executed
    letter of transmittal as well as certificates representing all
    tendered Series&#160;A notes in proper form for transfer, or a
    book-entry confirmation, and all other documents required by the
    letter of transmittal within three New York Stock Exchange
    trading days after the expiration date.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Withdrawal
    Rights</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You may withdraw your tender of Series&#160;A notes at any time
    before 5:00&#160;p.m., New York City time, on the expiration
    date of the exchange offer. For a withdrawal to be effective,
    the exchange agent must receive a written notice of withdrawal
    at its address listed below under &#147;&#151;Exchange
    Agent.&#148; The notice of withdrawal must:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    specify the name of the person who tendered the Series&#160;A
    notes to be withdrawn;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    identify the Series&#160;A notes to be withdrawn, including the
    principal amount, or, in the case of Series&#160;A notes
    tendered by book-entry transfer, the name and number of the DTC
    account to be credited, and otherwise comply with the procedures
    of DTC;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if certificates for Series&#160;A notes have been transmitted,
    specify the name in which those Series&#160;A notes are
    registered if different from that of the withdrawing holder.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you have delivered or otherwise identified to the exchange
    agent the certificates for Series&#160;A notes, then, before the
    release of such certificates, you must also submit the serial
    numbers of the particular certificates to be withdrawn and a
    signed notice of withdrawal with signatures guaranteed by an
    eligible institution, unless the holder is an eligible
    institution.
</DIV>
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    <BR>
    29
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will determine in our sole discretion all questions as to the
    validity, form and eligibility, including time of receipt, of
    notices of withdrawal. Our determination will be final and
    binding on all parties. Any Series&#160;A notes so withdrawn
    will be deemed not to have been validly tendered for purposes of
    the exchange offer. We will return any Series&#160;A notes that
    have been tendered but that are not exchanged for any reason to
    the holder, without cost, as soon as practicable after
    withdrawal, rejection of tender or termination of the exchange
    offer. In the case of Series&#160;A notes tendered by book-entry
    transfer into the exchange agent&#146;s account at DTC, the
    Series&#160;A notes will be credited to an account maintained
    with DTC for the Series&#160;A notes. You may retender properly
    withdrawn Series&#160;A notes by following one of the procedures
    described under &#147;&#151;Procedures for Tendering
    Series&#160;A notes&#148; at any time on or before
    5:00&#160;p.m., New York City time, on the expiration date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conditions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding any other term of the exchange offer, we will
    not be required to accept for exchange, or exchange
    Series&#160;B notes for, any Series&#160;A notes if among other
    things, prior to the expiration of the exchange offer:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="5%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    any action or proceeding is instituted or threatened in any
    court or by or before any governmental agency with respect to
    the exchange offer which, in our judgment, would reasonably be
    expected to impair our ability to proceed with the exchange
    offer;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    the exchange offer, or the making of any exchange by a holder of
    Series&#160;A notes, would violate any applicable law or
    applicable interpretation by the staff of the SEC.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The conditions listed above are for our sole benefit and we may
    assert them regardless of the circumstances giving rise to any
    condition. We may waive these conditions in our discretion in
    whole or in part at any time and from time to time prior to the
    expiration of the exchange offer. If we fail at any time to
    exercise any of the above rights, the failure will not be deemed
    a waiver of those rights, and those rights will be deemed
    ongoing rights which may be asserted at any time and from time
    to time prior to the expiration of the exchange offer. All
    conditions will be satisfied or waived prior to the expiration
    of the exchange offer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exchange
    Agent</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S.&#160;Bank National Association is the exchange agent for
    the exchange offer. You should direct questions and requests for
    assistance, requests for additional copies of this prospectus,
    the letter of transmittal or the notice of guaranteed delivery
    to the following address for the exchange agent:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S. Bank National Association
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    60 Livingston Avenue
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    St. Paul, MN 55107
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention: Specialized Finance
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(800)&#160;934-6802</FONT>
    (telephone)
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(651)&#160;495-8158</FONT>
    (facsimile)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you deliver letters of transmittal or any other required
    documents to an address or facsimile number other than those
    listed above, your tender is invalid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delivery of the letter of transmittal to an address other than
    as listed above or transmission via facsimile other than as
    listed above will not constitute a valid delivery of the letter
    of transmittal. Originals of all documents sent by facsimile
    should be sent promptly be registered or certified mail, by hand
    or overnight delivery service.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The exchange agent is also the trustee under the indenture
    governing the Series&#160;A and Series&#160;B notes, as well as
    the indentures governing our other outstanding notes. We may
    from time to time enter into other commercial relationships with
    the exchange agent.
</DIV>
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    <BR>
    30
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Fees and
    Expenses</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will pay the expenses of the exchange offer. We will not make
    any payments to brokers, dealers or others soliciting
    acceptances of the exchange offer. We are making the principal
    solicitation by mail; however, our officers and employees may
    make additional solicitations by facsimile transmission,
    <FONT style="white-space: nowrap">e-mail,</FONT>
    telephone or in person. You will not be charged a service fee
    for the exchange of your Series&#160;A notes, but we may require
    you to pay any transfer or similar government taxes in certain
    circumstances.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    Taxes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You will not be obligated to pay any transfer taxes, unless you
    instruct us to register Series&#160;B notes in the name of, or
    request that Series&#160;A notes not tendered or not accepted in
    the exchange offer be returned to, a person other than the
    registered tendering holder.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consequences
    of Failure to Exchange Series&#160;A notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are eligible to participate in the exchange offer but do
    not tender your Series&#160;A notes, you will not have any
    further registration rights. Your Series&#160;A notes will
    continue to be subject to restrictions on transfer. Accordingly,
    you may resell the Series&#160;A notes that are not exchanged
    only:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    to us;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    so long as the Series&#160;A notes are eligible for resale under
    Rule&#160;144A under the Securities Act, to a person whom you
    reasonably believe is a &#147;qualified institutional
    buyer&#148; within the meaning of Rule&#160;144A purchasing for
    its own account or for the account of a qualified institutional
    buyer in a transaction meeting the requirements of
    Rule&#160;144A;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    in accordance with Rule&#160;144 under the Securities Act or
    another exemption from the registration requirements of the
    Securities Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    to an institutional accredited investor (as defined in
    Rule&#160;501(a)(1), (2), (3)&#160;or (7)&#160;under the
    Securities Act) that is acquiring the Series&#160;A notes for
    its own account or for the account of an institutional
    accredited investor for investment purposes and not with a view
    to, or for offer or sale in connection with, any distribution in
    violation of the Securities Act;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    under any effective registration statement under the Securities
    Act;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case in accordance with all other applicable securities
    laws. We do not intend to register the Series&#160;A notes under
    the Securities Act.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Accounting
    Treatment</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes will be recorded at the same carrying
    value as the Series&#160;A notes. Accordingly, we will not
    recognize any gain or loss on the exchange for accounting
    purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Regulatory
    Approvals</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We do not believe that the receipt of any material federal or
    state regulatory approval will be necessary in connection with
    the exchange offer, other than the effectiveness of the exchange
    offer registration statement under the Securities Act.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF OTHER INDEBTEDNESS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain of our outstanding
    indebtedness. This summary does not purport to be complete and
    is qualified in its entirety by reference to the descriptions of
    this indebtedness contained in our periodic and current reports
    filed with the SEC and the agreements and instruments governing
    such indebtedness filed as exhibits to such reports.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">2010
    Credit Facilities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;15, 2010, we entered into an amended and
    restated syndicated credit agreement with Bank of America, N.A.,
    as administrative agent and Bank of America, N.A., DCFS USA LLC,
    BMW Financial Services NA, LLC, Toyota Motor Credit Corporation,
    JPMorgan Chase Bank, N.A., Wachovia Bank, National Association,
    Comerica Bank and World Omni Financial Corp., as Lenders and
    Wells Fargo Bank National Association, as LC issuer (the
    &#147;Revolving Credit Facility&#148;) and a syndicated floor
    plan credit facility with Bank of America, N.A., as
    administrative agent, and Bank of America, N.A., JPMorgan Chase
    Bank, N.A., Wachovia Bank, National Association and Comerica
    Bank, as lenders (the &#147;Floorplan Facility&#148;). The
    Revolving Credit Facility and Floorplan Facility mature on
    August&#160;15, 2012.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Revolving Credit Facility has a borrowing limit of
    $150&#160;million, which may be expanded up to $215&#160;million
    in total credit availability upon satisfaction of certain
    conditions. The Revolving Credit Facility is available for
    acquisitions, capital expenditures, working capital and general
    corporate purposes. The amount available for borrowing under the
    Revolving Credit Facility is reduced on a
    <FONT style="white-space: nowrap">dollar-for-dollar</FONT>
    basis by the aggregate face amount of any outstanding letters of
    credit under the Revolving Credit Facility and is subject to
    compliance with a borrowing base. The borrowing base is
    calculated based on the value of eligible accounts, eligible
    inventory, eligible equipment and 5,000,000&#160;shares of
    common stock of Speedway Motorsports, Inc. (&#147;SMI&#148;)
    pledged as collateral by one of our affiliates, Sonic Financial
    Corporation (&#147;SFC&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the Revolving Credit Facility, we,
    substantially all of our subsidiaries and SFC entered into
    various collateral documents. These documents include an amended
    and restated security agreement, an amended and restated escrow
    and security agreement and amended and restated securities
    pledge agreements (the &#147;Collateral Documents&#148;) with
    Bank of America, N.A., as administrative agent. Under the
    Collateral Documents, outstanding obligations under the
    Revolving Credit Facility are secured by a pledge of
    substantially all of our assets and the assets of substantially
    all of our domestic subsidiaries, and by the pledge of
    5,000,000&#160;shares of common stock of SMI by SFC. The
    Collateral Documents also provide for the pledge of the
    franchise agreements and stock or equity interests of our
    dealership franchise subsidiaries, except for those dealership
    franchise subsidiaries where the applicable manufacturer
    prohibits such a pledge, in which cases the stock or equity
    interests of the dealership franchise subsidiary is subject to
    an escrow arrangement with the administrative agent.
    Substantially all of our domestic subsidiaries also guarantee
    our obligations under the Revolving Credit Facility under the
    terms of an amended and restated guaranty agreement with Bank of
    America, N.A., as administrative agent, entered into in
    connection with the Revolving Credit Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Floorplan Facility is comprised of a new vehicle revolving
    floor plan facility in an amount up to $321&#160;million (the
    &#147;New Vehicle Floorplan Facility&#148;) and a used vehicle
    revolving floor plan facility in an amount up to
    $50&#160;million, subject to compliance with a borrowing base
    (the &#147;Used Vehicle Floorplan Facility&#148;). We may, under
    certain conditions, request an increase in the Floorplan
    Facility by up to $125&#160;million, which shall be allocated
    between the New Vehicle Floorplan Facility and the Used Vehicle
    Floorplan Facility as we request, with no more than 15% of the
    aggregate commitments allocated to the commitments under the
    Used Vehicle Floorplan Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the amended and restated security agreement
    entered into in connection with the Revolving Credit Facility
    and guaranty agreements entered into by us and certain of our
    subsidiaries in connection with the Floorplan Facility,
    outstanding obligations under the Floorplan Facility are
    guaranteed by us and certain of our subsidiaries and are secured
    by a pledge of substantially all of our assets and the assets of
    certain of our domestic subsidiaries.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amounts outstanding under the Revolving Credit Facility, New
    Vehicle Floorplan Facility and Used Vehicle Floorplan Facility
    each bear interest at variable rates based on specified
    percentages above LIBOR or the Base Rate according to a
    performance-based pricing grid determined by Sonic&#146;s
    Consolidated Total Debt to EBITDA Ratio as of the last day of
    the immediately preceding fiscal quarter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Revolving Credit Facility and Floorplan Facility contain
    certain negative covenants, including covenants which could
    restrict or prohibit indebtedness, liens, the payment of
    dividends, capital expenditures and material dispositions and
    acquisitions of assets as well as other customary covenants and
    default provisions. Financial covenants include required
    specified ratios (as each is defined in the Revolving Credit
    Facility and Floorplan Facility) of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="44%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="20%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Consolidated<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Consolidated Fixed<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Consolidated Total Senior<BR>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Liquidity Ratio
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Charge Coverage Ratio
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Secured Debt to EBITDA Ratio
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Through March&#160;30, 2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#163;</FONT>2.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
    March&#160;31, 2011 through and including March&#160;30, 2012
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.05
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#163;</FONT>2.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    March&#160;31, 2012 and thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#179;</FONT>1.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Symbol; font-variant: normal">&#163;</FONT>2.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Revolving Credit Facility and Floorplan Facility contain
    events of default, including cross-defaults to other material
    indebtedness, change of control events and events of default
    customary for syndicated commercial credit facilities. Upon the
    occurrence of an event of default, we could be required to
    immediately repay all outstanding amounts under the Revolving
    Credit Facility and Floorplan Facility.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">8.625%
    Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have $275.0&#160;million of aggregate principal amount of the
    8.625% Notes outstanding. The 8.625% Notes are unsecured
    obligations that rank equal in right of payment to all of our
    existing and future senior subordinated indebtedness, mature on
    August&#160;15, 2013 and are currently redeemable at our option
    at a redemption price of 102.875 and are redeemable at our
    option after August&#160;15, 2010 at a redemption price of
    101.438%. Our obligations under the 8.625% Notes are guaranteed
    by all of our operating domestic subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The indenture governing the 8.625% Notes contains certain
    specified restrictive financial covenants and certain other
    limitations or prohibitions concerning the incurrence of other
    indebtedness, capital stock, guaranties, asset sales,
    investments, cash dividends to shareholders, distributions,
    redemptions, and pledges of assets to any third party lender of
    senior subordinated debt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;12, 2010, we issued a notice of redemption for
    $200&#160;million aggregate principal amount of our 8.625%
    Notes. We expect to complete the redemption on April&#160;12,
    2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">5.0%
    Convertible Senior Notes due 2029 (&#147;5% Convertible
    Notes&#148;)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have $172.5&#160;million in aggregate principal amount of
    5.0% Convertible Notes outstanding. The 5.0% Convertible Notes
    were issued in 2009, bear interest at a rate of 5.0% per year
    and mature on October&#160;1, 2029. We may redeem some or all of
    the 5.0% Convertible Notes for cash at any time subsequent to
    October&#160;1, 2014 at a repurchase price equal to 100% of the
    principal amount of the 5.0% Convertible Notes then outstanding.
    Holders have the right to require us to purchase the 5.0%
    Convertible Notes on each of October&#160;1, 2014,
    October&#160;1, 2019 and October&#160;1, 2024 or in the event of
    a change in control for cash at a purchase price equal to 100%
    of the principal amount of the 5.0% Convertible Notes then
    outstanding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of the 5.0% Convertible Notes may convert their notes at
    their option prior to the close of business on the business day
    immediately preceding July&#160;1, 2029 only under the following
    circumstances: (1)&#160;during any fiscal quarter commencing
    after December&#160;31, 2009, if the last reported sale price of
    our Class&#160;A common stock for at least 20 trading days
    (whether or not consecutive) during a period of 30 consecutive
    trading days ending on the last trading day of the preceding
    fiscal quarter is greater than or equal to 130% of the
    applicable conversion price on each applicable trading day;
    (2)&#160;during the five business day period after any 10
    consecutive trading day period (the &#147;measurement
    period&#148;) in which the trading price (as
</DIV>
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    33
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    defined in the indenture) per $1,000 principal amount of notes
    for each day of that measurement period was less than 98% of the
    product of the last reported sale price of our Class&#160;A
    common stock and the applicable conversion rate on each such
    day; (3)&#160;if we call any or all of the 5.0% Convertible
    Notes for redemption, at any time prior to the close of business
    on the third scheduled trading day prior to the redemption date;
    or (4)&#160;upon the occurrence of specified corporate events.
    On and after July&#160;1, 2029 to (and including) the close of
    business on the third scheduled trading day immediately
    preceding the maturity date, holders may convert their 5.0%
    Convertible Notes at any time, regardless of the foregoing
    circumstances. The conversion rate is 74.7245&#160;shares of
    Class&#160;A common stock per $1,000 principal amount of notes,
    which is equivalent to a conversion price of approximately
    $13.38 per share of Class&#160;A common stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">4.25%
    Convertible Senior Subordinated Notes due 2015 (&#147;4.25%
    Convertible Notes&#148;)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have approximately $17.0&#160;million aggregate principal
    amount of 4.25% Convertible Notes outstanding. The 4.25%
    Convertible Notes were issued in 2005 and bear interest at an
    annual rate of 4.25% until November&#160;30, 2010 and 4.75%
    thereafter. The 4.25% Convertible Notes are unsecured
    obligations that rank equal in right of payment to all of our
    existing and future senior subordinated indebtedness, mature on
    November&#160;30, 2015 and are redeemable on or after
    November&#160;30, 2010. Our obligations under the 4.25%
    Convertible Notes are not guaranteed by any of our subsidiaries.
    Holders of the 4.25% Convertible Notes may convert them into
    cash and shares of Sonic&#146;s Class&#160;A common stock at an
    initial conversion rate of 41.4185&#160;shares per $1,000 of
    principal amount, subject to distributions on, or other changes
    in our Class&#160;A common stock, if any, prior to the
    conversion date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 4.25% Convertible Notes are convertible into cash and shares
    of our Class&#160;A common stock if prior to October&#160;31,
    2010, during the five business day period after any five
    consecutive trading day period in which the trading price per
    $1,000 principal amount of 4.25% Convertible Notes was less than
    103% of the product of the closing price of our Class&#160;A
    common stock and the applicable conversion rate for the 4.25%
    Convertible Notes; if we call the 4.25% Convertible Notes for
    redemption; or upon the occurrence of certain corporate
    transactions; or on or after October&#160;31, 2010. Upon
    conversion of the 4.25% Convertible Notes, we will be required
    to deliver cash equal to the lesser of the aggregate principal
    amount of the 4.25% Convertible Notes being converted and our
    total conversion obligation. If our total conversion obligation
    exceeds the aggregate principal amount of the 4.25% Convertible
    Notes being converted, we will deliver shares of Class&#160;A
    common stock to the extent of the excess amount, if any.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Other
    Floor Plan Facilities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We also have bilateral floor plan credit arrangements with each
    of DCFS USA LLC, Ford Motor Credit Company LLC, GMAC, Inc.
    (formally known as General Motors Acceptance Corporation), BMW
    Financial Services NA, Inc., Toyota Motor Credit Corporation and
    World Omni Financial Corp. Collectively, these bilateral floor
    plan credit facilities provide financing for new and used
    vehicle inventory purchased from the respective manufacturer
    affiliates of these captive finance companies (and, in some
    cases, also provide financing for new and used vehicle inventory
    purchased from non-affiliated manufacturers). Each of these
    separate floor plan facilities bear interest at variable rates
    based on prime rate or LIBOR. Our obligations under each of
    these bilateral floor plan arrangements are guaranteed and are
    secured by liens on substantially all of the assets of our
    respective subsidiaries that receive financing under these
    arrangements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Mortgage
    Debt</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2009, we had approximately
    $116.7&#160;million in outstanding mortgage financing related to
    several of our dealership properties. These mortgage notes
    require monthly payments of principal and interest through
    maturity and are secured by the underlying properties. Maturity
    dates range between June 2013 and December 2029. The weighted
    average interest rate was 5.1% at December&#160;31, 2009.
</DIV>
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    <BR>
    34
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF NOTES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 9.0% Senior Subordinated Notes due 2018, Series B (the
    &#147;Series B notes&#148;) will be issued under an Indenture
    (the &#147;Indenture&#148;) among Sonic, the Guarantors and U.S.
    Bank National Association, as trustee
    (the&#160;&#147;Trustee&#148;). The Series A notes were issued
    under the same Indenture. The terms of the Series A and Series B
    notes include those stated in the Indenture and those made a
    part of the Indenture by reference to the Trust&#160;Indenture
    Act of 1939, as amended (the &#147;Trust&#160;Indenture
    Act&#148;). Parenthetical references to &#147;Section&#148; mean
    the applicable Section of the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following summary of the material provisions of the
    Indenture governing the Series B notes does not purport to be
    complete, and where reference is made to particular provisions
    of the Indenture, these provisions, including the definitions of
    certain terms, are qualified in their entirety by reference to
    all of the provisions of the Indenture and those terms made a
    part of the Indenture by the Trust&#160;Indenture Act. For
    definitions of certain capitalized terms used in the following
    summary, see &#147;&#151;Certain Definitions.&#148; In this
    description, the word &#147;Company&#148; refers only to Sonic
    Automotive, Inc. and not to its subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The form and terms of the Series A and Series B notes are
    identical, except that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the Series B notes have been registered under the Securities Act
    and, therefore, will not bear legends restricting transfers; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    holders of Series B notes will not be, and upon consummation of
    the exchange offer, holders of the Series A notes will no longer
    be, entitled to rights under the Registration Rights Agreement,
    except in limited circumstances described elsewhere in this
    prospectus.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Brief
    Description of the Series B Notes and Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The Series B notes:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    will be issued in the aggregate principal amount of up to
    $210.0&#160;million;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    are general unsecured obligations of the Company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    are subordinated in right of payment to all existing and future
    Senior Indebtedness of the Company, including our 5.0%
    Convertible Senior Notes due 2029 and our 2010 Credit Facilities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    are <I>pari passu</I> in right of payment with any existing and
    future senior subordinated Indebtedness of the Company,
    including our 8.625% Notes and our 4.25% Convertible Senior
    Subordinated Notes due 2015; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    are guaranteed by the Guarantors.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The Guarantees:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series B notes are guaranteed by all of our operative
    domestic Subsidiaries as of the Issue Date. Under the
    circumstances described below under the caption
    &#147;&#151;<I>Limitation on Unrestricted
    Subsidiaries</I>,&#148; we will be permitted to designate
    certain of our subsidiaries as &#147;Unrestricted
    Subsidiaries.&#148; Our Unrestricted Subsidiaries will not be
    subject to any of the restrictive covenants in the Indenture and
    will not guarantee the Series B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Each Guarantee of the Series B&#160;notes:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    is a general unsecured obligation of the Guarantor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    is subordinated in right of payment to all existing and future
    Senior Guarantor Indebtedness of the Guarantor; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    is <I>pari passu</I> in right of payment with any future senior
    subordinated Indebtedness of the Guarantor.
</TD>
</TR>

</TABLE>
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    <BR>
    35
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Principal,
    Maturity and Interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series B notes issued in this exchange offer will mature on
    March&#160;15, 2018, will be issued in up to $210,000,000
    aggregate principal amount, subject to the Company&#146;s
    ability to issue additional Series B notes of the same series as
    the Series B notes, and will be unsecured senior subordinated
    obligations of the Company. As described in &#147;The Exchange
    Offer,&#148; we have agreed to exchange all of our
    $210.0&#160;million outstanding Series A notes for
    $210.0&#160;million of Series B notes. Each Series B note will
    bear interest at the rate of 9.0% per annum from the date of its
    issuance or from the most recent interest payment date to which
    interest has been paid on the Series A notes accepted for
    exchange, payable semiannually in arrears on March&#160;15 and
    September&#160;15 in each year, commencing September&#160;15,
    2010, to the person in whose name the Series B note (or any
    predecessor Series B note) is registered at the close of
    business on the March&#160;1 or September&#160;1 next preceding
    such interest payment date. Interest will be computed on the
    basis of a
    <FONT style="white-space: nowrap">360-day</FONT> year
    comprised of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months. (Sections&#160;202, 301 and 309)&#160;Interest will
    cease to accrue on a Series B note upon its maturity, redemption
    or repurchase by us on the terms and subject to the conditions
    specified in the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any interest payment date, maturity date, redemption date or
    purchase date of a Series B note falls on a day that is not a
    business day, the required payment of principal and interest
    will be made on the next succeeding business day as if made on
    the date that the payment was due and no interest will accrue on
    that payment for the period from and after that interest payment
    date, maturity date, redemption date or purchase date, as the
    case may be, to the date of that payment on the next succeeding
    business day.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may from time to time, without notice to or the consent of
    the holders of the Series B notes, create and issue further
    notes ranking equally with the Series&#160;B notes in all
    respects, subject to the limitations described under the caption
    &#147;Certain Covenants&#151;<I>Limitation on
    Indebtedness</I>.&#148; The total amount of Series B notes which
    may be issued under the Indenture is unlimited. Any further
    notes may be consolidated and form a single series with the
    Series B notes, vote together with the Series B notes and have
    the same terms as to status, redemption or otherwise as the
    Series B notes. References to Series B notes in this
    &#147;Description of Notes&#148; include these additional notes
    if they are in the same series, unless the context requires
    otherwise.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Issuance
    and Methods of Receiving Payments on the Series B
    Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Principal of, premium, if any, and interest on the Series B
    notes will be payable, and the Series B notes will be
    exchangeable and transferable, at the office or agency of the
    Company in The City of New York maintained for such purposes
    (which initially will be the corporate trust office of the
    Trustee); <I>provided, however,</I> that payment of interest may
    be made at the option of the Company by check mailed to the
    Person entitled thereto as shown on the security register.
    (Sections&#160;301, 305 and 1002)&#160;The Series B notes will
    be issued only in fully registered form without coupons, in
    denominations of $2,000 and any integral multiple of $1,000.
    (Section&#160;302)&#160;No service charge will be made for any
    registration of transfer, exchange or redemption of Series B
    notes, except in certain circumstances for any tax or other
    governmental charge that may be imposed in connection therewith.
    (Section&#160;305)
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Subsidiary
    Guarantees</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payment of the Series B notes will be guaranteed by the
    Guarantors, jointly and severally, fully and unconditionally, on
    a senior subordinated basis. The Guarantors are comprised of all
    of the direct and indirect operative domestic Restricted
    Subsidiaries of the Company on the Issue Date. Substantially all
    of the Company&#146;s operations are conducted through these
    subsidiaries. In addition, if any Restricted Subsidiary of the
    Company becomes a guarantor or obligor in respect of any other
    Indebtedness of the Company or any of the Restricted
    Subsidiaries, the Company shall cause such Restricted Subsidiary
    to enter into a supplemental indenture pursuant to which such
    Restricted Subsidiary shall agree to guarantee the
    Company&#146;s obligations under the Series B notes. If the
    Company defaults in payment of the principal of, premium, if
    any, or interest on the Series B notes, each of the Guarantors
    will be unconditionally, jointly and severally obligated to duly
    and punctually pay the same.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of each Guarantor under its Guarantee are
    limited to the maximum amount that would not render the
    Guarantors&#146; obligations subject to avoidance under
    applicable fraudulent conveyance provisions
</DIV>
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    <BR>
    36
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of the United States Bankruptcy Code or any comparable provision
    of state law. By virtue of this limitation, a Guarantor&#146;s
    obligations under its Guarantee could be significantly less than
    amounts payable with respect to the notes, or a Guarantor may
    have effectively no obligation under its Guarantee. See
    &#147;Risk Factors&#151;Risks Related to the Series B
    Notes&#151;The guarantees may not be enforceable because of
    fraudulent conveyance laws.&#148; Each Guarantor that makes a
    payment or distribution under its Guarantee shall be entitled to
    a contribution from any other Guarantor in a <I>pro rata</I>
    amount based on the net assets of each Guarantor determined in
    accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, in certain circumstances a
    Guarantee of a Guarantor may be released pursuant to the
    provisions of subsection (c)&#160;under &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Issuances of Guarantees of and
    Pledges for Indebtedness.&#148;</I> The Company also may, at any
    time, cause a Restricted Subsidiary to become a Guarantor by
    executing and delivering a supplemental indenture providing for
    the guarantee of payment of the Series B notes by such
    Restricted Subsidiary on the basis provided in the Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Optional
    Redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series B notes will be subject to redemption at any time on
    or after March&#160;15, 2014 at the option of the Company, in
    whole or in part, on not less than 30 nor more than
    60&#160;days&#146; prior notice, in amounts of $1,000 or an
    integral multiple thereof, at the following redemption prices
    (expressed as percentages of the principal amount), if redeemed
    during the
    <FONT style="white-space: nowrap">12-month</FONT>
    period beginning March&#160;15 of the years indicated below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="87%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    Redemption<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom" style="border-bottom: 1px solid #000000">
    Year
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    Price
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2014
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104.500%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2015
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    102.250%
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2016
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.000%
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and thereafter at 100% of the principal amount, in each case,
    together with accrued and unpaid interest, if any, to the
    redemption date (subject to the rights of holders of record on
    relevant record dates to receive interest due on an interest
    payment date).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, at any time and from time to time on or prior to
    March&#160;15, 2013, the Company may redeem up to an aggregate
    of 35% of the aggregate principal amount of the Series B notes
    issued under the Indenture at a redemption price equal to 109.0%
    of the aggregate principal amount of the Series B notes
    redeemed, plus accrued and unpaid interest, if any, to the
    redemption date with the Net Cash Proceeds from the issuance of
    any Qualified Capital Stock, <I>provided,</I> that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at least 65% of the aggregate principal amount of the Series B
    notes issued under the Indenture must remain outstanding
    immediately after any such redemption; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the redemption must occur no later than 60&#160;days after such
    issuance and sale of Qualified Capital Stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At any time and from time to time on or prior to March&#160;15,
    2014, the Company may redeem all or a part of the Series B
    notes, upon not less than 15 nor more than 60&#160;days&#146;
    notice, at a redemption price equal to 100% of the principal
    amount of the Series B notes redeemed, plus the Applicable
    Premium as of, and accrued and unpaid interest, if any, to the
    redemption date (subject to the rights of holders of record on
    relevant record dates to receive interest due on an interest
    payment date).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Selection
    of Series B Notes to be Redeemed</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If less than all of the Series B notes are to be redeemed, the
    Trustee shall select the Series B notes or portions of them to
    be redeemed in compliance with the requirements of the principal
    national security exchange, if any, on which the Series B notes
    are listed. If the Series B notes are not so listed, the Trustee
    shall select them on a pro rata basis, by lot or by any other
    method the Trustee shall deem fair and reasonable;
    <I>provided,</I> that Series B notes redeemed in part shall be
    redeemed only in integral multiples of $1,000 (subject
</DIV>
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    <BR>
    37
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to the procedures of The Depository Trust&#160;Company or any
    other Depositary). (Sections&#160;203, 1101, 1104, 1105 and 1107)
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Sinking
    Fund</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series B notes will not be entitled to the benefit of any
    sinking fund.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Purchase
    of Series B Notes&#160;Upon a Change of Control</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Change of Control shall occur at any time, then each holder
    of Series B notes shall have the right to require that the
    Company purchase such holder&#146;s Series B notes in whole or
    in part in integral multiples of $1,000, at a purchase price
    (the &#147;Change of Control Purchase Price&#148;) in cash in an
    amount equal to 101% of the aggregate principal amount of such
    Series B notes, plus accrued and unpaid interest, if any, to the
    date of purchase (the &#147;Change of Control Purchase
    Date&#148;), pursuant to the offer described below (the
    &#147;Change of Control Offer&#148;) and in accordance with the
    other procedures set forth in the Indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Procedure</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Within 30&#160;days of any Change of Control, or at the
    Company&#146;s option, prior to such Change of Control but after
    it is publicly announced, the Company shall notify the Trustee
    and give written notice of the Change of Control to each holder
    of Series B notes, by first-class mail, postage prepaid, at his
    address appearing in the security register. The notice will
    state, among other things,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    that a Change of Control has occurred or will occur and the date
    of the event;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    the circumstances and relevant facts regarding the Change of
    Control (including, but not limited to, information with respect
    to pro forma historical income, cash flow and capitalization
    after giving effect to such Change of Control);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    the purchase price and the purchase date which shall be fixed by
    the Company on a business day no earlier than 30&#160;days nor
    later than 60&#160;days from the date such notice is mailed, or
    such later date as is necessary to comply with requirements
    under the Exchange Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    that any Series B note not tendered will continue to accrue
    interest;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;
</TD>
    <TD align="left">
    that, unless the Company defaults in the payment of the Change
    of Control Purchase Price, any Series B notes accepted for
    payment pursuant to the Change of Control Offer shall cease to
    accrue interest after the Change of Control Purchase Date; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (6)&#160;
</TD>
    <TD align="left">
    certain other procedures that a holder of Series B notes must
    follow to accept a Change of Control Offer or to withdraw such
    acceptance. (Section&#160;1014)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Stipulations</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a Change of Control Offer is made, there can be no assurance
    that the Company will have available funds sufficient or be able
    to obtain financing to pay the Change of Control Purchase Price
    for all or any of the Series B notes that might be delivered by
    holders of the Series B notes seeking to accept the Change of
    Control Offer. See &#147;&#151;Ranking.&#148; The failure of the
    Company to make or consummate the Change of Control Offer or pay
    the Change of Control Purchase Price when due will give the
    Trustee and the holders of the Series B notes the rights
    described under the caption &#147;&#151;Events of Default.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the obligations of the Company under the
    Indenture with respect to the Series B notes and our indentures
    governing our other outstanding notes in the event of a Change
    of Control, all of the Company&#146;s Indebtedness under any
    Inventory Facility, any Credit Facility and certain Mortgage
    Loans, leases and interest rate swap arrangements also contain
    an event of default upon a Change of Control as defined therein
    which obligates the Company to repay amounts outstanding under
    such indebtedness upon an acceleration of the Indebtedness
    issued thereunder. In addition, a Change of Control could result
    in a
</DIV>
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    <BR>
    38
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    termination or nonrenewal of one or more of the Company&#146;s
    franchise agreements or its other agreements with the
    Manufacturers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The term &#147;all or substantially all&#148; as used in the
    definition of &#147;Change of Control&#148; has not been
    interpreted under New York law, the governing law of the
    Indenture, to represent a specific quantitative test. As a
    consequence, in the event the holders of the Series B notes
    elected to exercise their rights under the Indenture and the
    Company elected to contest such election, there could be no
    assurance as to how a court interpreting New York law would
    interpret the phrase.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The existence of a holder&#146;s right to require the Company to
    repurchase the holder&#146;s Series B notes upon a Change of
    Control may deter a third party from acquiring the Company in a
    transaction which constitutes a Change of Control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The provisions of the Indenture will not afford holders of the
    Series B notes the right to require the Company to repurchase
    the Series B notes in the event of a highly leveraged
    transaction or certain transactions with the Company&#146;s
    management or its Affiliates, including a reorganization,
    restructuring, merger or similar transaction (including, in
    certain circumstances, an acquisition of the Company by
    management or its Affiliates) involving the Company that may
    adversely affect holders of the Series B notes, unless such
    transaction is a transaction defined as a Change of Control. A
    transaction involving the Company&#146;s management or its
    Affiliates, or a transaction involving a recapitalization of the
    Company, will only result in a Change of Control if it is the
    type of transaction specified by such definition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will comply with the applicable tender offer rules,
    including
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act, and any other applicable securities laws
    or regulations in connection with a Change of Control Offer. To
    the extent that provisions of any securities laws or regulations
    conflict with the provisions of this covenant, the Company shall
    comply with the applicable securities laws and regulations and
    shall not be deemed to have breached its obligations under this
    covenant by virtue thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will not be required to make a Change of Control
    Offer upon or in anticipation of a Change of Control if a third
    party makes the Change of Control Offer in the manner, at the
    time and otherwise in compliance with the requirements described
    in the Indenture applicable to a Change of Control Offer made by
    the Company and purchases all Series B notes validly tendered
    and not withdrawn under such Change of Control Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should note that case law suggests that, in the event that
    incumbent directors are replaced as a result of a contested
    election, the Company may nevertheless avoid triggering a Change
    of Control under a clause similar to this provision if the
    outgoing directors were to approve the new directors for the
    purpose of such Change of Control clause.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ranking</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The payment of the principal of, premium, if any, and interest
    on, the Series B notes will be subordinated, as set forth in the
    Indenture, in right of payment, to the prior payment in full of
    all Senior Indebtedness. The Series B notes will be senior
    subordinated indebtedness of the Company ranking <I>pari
    passu</I> with all other existing and future senior subordinated
    indebtedness of the Company and senior to all existing and
    future Subordinated Indebtedness of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Payment
    Stoppages</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the occurrence of any default in the payment of any
    Designated Senior Indebtedness beyond any applicable grace
    period and after the receipt by the Trustee from a
    representative of holders of any Designated Senior Indebtedness
    (collectively, a &#147;Senior Representative&#148;) of written
    notice of such default, no payment (other than payments
    previously made or set aside pursuant to the provisions
    described under &#147;&#151;Defeasance or Covenant Defeasance of
    Indenture&#148;) or distribution of any assets of the Company or
    any Subsidiary of any kind or character (excluding Permitted
    Junior Payments) may be made on account of the principal of,
    premium, if any, or interest on, the Series B notes or on
    account of the purchase, redemption, defeasance or
</DIV>
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    <BR>
    39
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    other acquisition of or in respect of, the Series B notes unless
    and until such default shall have been cured or waived or shall
    have ceased to exist or such Designated Senior Indebtedness
    shall have been discharged or paid in full after which the
    Company shall resume making any and all required payments in
    respect of the Series B notes, including any missed payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the occurrence and during the continuance of any
    non-payment default or non-payment event of default with respect
    to any Designated Senior Indebtedness pursuant to which the
    maturity thereof may then be accelerated immediately (a
    &#147;Non-payment Default&#148;) and after the receipt by the
    Trustee and the Company from a Senior Representative of written
    notice of such Non-payment Default, no payment (other than
    payments previously made or set aside pursuant to the provisions
    described under &#147;&#151;Defeasance or Covenant Defeasance of
    Indenture&#148;) or distribution of any assets of the Company of
    any kind or character (excluding Permitted Junior Payments) may
    be made by the Company or any Subsidiary on account of the
    principal of, premium, if any, or interest on, the Series B
    notes or on account of the purchase, redemption, defeasance or
    other acquisition of, or in respect of, the Series B notes for
    the period specified below (the &#147;Payment Blockage
    Period&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Payment Blockage Period shall commence upon the receipt of
    notice of the Non-payment Default by the Trustee and the Company
    from a Senior Representative and shall end on the earliest of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the 179th day after such commencement;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the date on which such Non-payment Default (and all other
    Non-payment Defaults as to which notice is given after such
    Payment Blockage Period is initiated) is cured, waived or ceases
    to exist or on which such Designated Senior Indebtedness is
    discharged or paid in full; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the date on which such Payment Blockage Period (and all
    Non-payment Defaults as to which notice is given after such
    Payment Blockage Period is initiated) shall have been terminated
    by written notice to the Company or the Trustee from the Senior
    Representative initiating such Payment Blockage Period.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After the occurrence of any of the dates set forth in clauses
    (i), (ii)&#160;or (iii), the Company will promptly resume making
    any and all required payments in respect of the Series B notes,
    including any missed payments. In no event will a Payment
    Blockage Period extend beyond 179&#160;days from the date of the
    receipt by the Company and the Trustee of the notice initiating
    such Payment Blockage Period (such
    <FONT style="white-space: nowrap">179-day</FONT>
    period referred to as the &#147;Initial Period&#148;). Any
    number of notices of Non-payment Defaults may be given during
    the Initial Period; <I>provided</I> that during any period of
    365 consecutive days only one Payment Blockage Period, during
    which payment of principal of, premium, if any, or interest on,
    the Series B notes may not be made, may commence and the
    duration of such period may not exceed 179&#160;days. No
    Non-payment Default with respect to Designated Senior
    Indebtedness that existed or was continuing on the date of the
    commencement of any Payment Blockage Period will be, or can be,
    made the basis for the commencement of a second Payment Blockage
    Period, whether or not within a period of 365 consecutive days,
    unless such default has been cured or waived for a period of not
    less than 90 consecutive days.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Company fails to make any payment on the Series B notes
    when due or within any applicable grace period, whether or not
    on account of the payment blockage provisions referred to above,
    such failure would constitute an Event of Default under the
    Indenture and would enable the holders of the Series B notes to
    accelerate the maturity thereof. See &#147;&#151;Events of
    Default.&#148;
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Liquidation/Insolvency</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will provide that in the event of any insolvency
    or bankruptcy case or proceeding, or any receivership,
    liquidation, reorganization or other similar case or proceeding
    in connection therewith, relative to the Company or its assets,
    or liquidation, dissolution or other winding up of the Company,
    whether voluntary or involuntary, or whether or not involving
    insolvency or bankruptcy, or any assignment for the benefit of
    creditors or other marshaling of assets or liabilities of the
    Company, all Senior Indebtedness must be paid in full before any
    payment or distribution, excluding distributions of Permitted
    Junior Payments, is made on account of the principal of,
    premium, if any, or interest on the Series B notes or on account
    of the purchase, redemption, defeasance or other acquisition of
    or in respect of the Series B notes (other than payments
</DIV>
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    <BR>
    40
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    previously made pursuant to the provisions described under
    &#147;&#151;Defeasance or Covenant Defeasance of
    Indenture&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By reason of such subordination, in the event of liquidation or
    insolvency, creditors of the Company who are holders of Senior
    Indebtedness may recover more, ratably, than the holders of the
    Series B notes. Funds which would be otherwise payable to the
    holders of the Series B notes will be paid to the holders of the
    Senior Indebtedness to the extent necessary to pay the Senior
    Indebtedness in full and the Company may be unable to meet its
    obligations fully with respect to the Series B notes.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Guarantees</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Guarantee of a Guarantor will be an unsecured senior
    subordinated obligation of such Guarantor, ranking <I>pari
    passu</I> with, or senior in right of payment to, all other
    existing and future Indebtedness of such Guarantor that is
    expressly subordinated to Senior Guarantor Indebtedness. The
    Indebtedness evidenced by the Guarantees will be subordinated to
    Senior Guarantor Indebtedness to substantially the same extent
    as the Series B notes are subordinated to Senior Indebtedness
    and during any period when payment on the Series B notes is
    blocked by Designated Senior Indebtedness, payment on the
    Guarantees is similarly blocked.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Related
    Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Senior Indebtedness&#148; means the principal of, premium,
    if any, and interest (including interest, to the extent
    allowable, accruing after the filing of a petition initiating
    any proceeding under any state, federal or foreign bankruptcy
    law) on any Indebtedness of the Company (other than as otherwise
    provided in this definition), whether outstanding on the Issue
    Date or thereafter created, incurred or assumed, and whether at
    any time owing, actually or contingent, unless, in the case of
    any particular Indebtedness, the instrument creating or
    evidencing the same or pursuant to which the same is outstanding
    expressly provides that such Indebtedness shall not be senior in
    right of payment to the Series&#160;B notes. Notwithstanding the
    foregoing, &#147;Senior Indebtedness&#148; shall
    (x)&#160;include any Inventory Facility and any Credit Facility
    to the extent the Company is a party to them and (y)&#160;not
    include
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by the Series&#160;B notes or
    Series&#160;A notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by our 4.25% Convertible Senior
    Subordinated Notes due 2015;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by our 8.625% Notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    Indebtedness that is subordinate or junior in right of payment
    to any Indebtedness of the Company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    Indebtedness which when incurred and without respect to any
    election under Section&#160;1111(b) of Title&#160;11 United
    States Code, is without recourse to the Company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    Indebtedness which is represented by Redeemable Capital Stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    any liability for foreign, federal, state, local or other taxes
    owed or owing by the Company to the extent such liability
    constitutes Indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company to a Subsidiary or any other
    Affiliate of the Company or any of such Affiliate&#146;s
    Subsidiaries;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    to the extent it might constitute Indebtedness, amounts owing
    for goods, materials or services purchased in the ordinary
    course of business or consisting of trade accounts payable owed
    or owing by the Company, and amounts owed by the Company for
    compensation to employees or services rendered to the Company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    that portion of any Indebtedness which at the time of issuance
    is issued in violation of the Indenture; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by any guarantee of any Subordinated
    Indebtedness or Pari Passu Indebtedness.
</TD>
</TR>

</TABLE>
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    <BR>
    41
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Designated Senior Indebtedness&#148; means (i)&#160;all
    Senior Indebtedness under any Inventory Facility, any Mortgage
    Loans or any Credit Facility and (ii)&#160;any other Senior
    Indebtedness which at the time of determination has an aggregate
    principal amount outstanding of at least $25.0&#160;million and
    which is specifically designated in the instrument evidencing
    such Senior Indebtedness or the agreement under which such
    Senior Indebtedness arises as &#147;Designated Senior
    Indebtedness&#148; by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Senior Guarantor Indebtedness&#148; means the principal
    of, premium, if any, and interest (including interest, to the
    extent allowable, accruing after the filing of a petition
    initiating any proceeding under any state, federal or foreign
    bankruptcy law) on any Indebtedness of any Guarantor (other than
    as otherwise provided in this definition), whether outstanding
    on the Issue Date or thereafter created, incurred or assumed,
    and whether at any time owing, actually or contingent, unless,
    in the case of any particular Indebtedness, the instrument
    creating or evidencing the same or pursuant to which the same is
    outstanding expressly provides that such Indebtedness shall not
    be senior in right of payment to any Guarantee. Notwithstanding
    the foregoing, &#147;Senior Guarantor Indebtedness&#148; shall
    (x)&#160;include any Inventory Facility, any Mortgage Loans and
    any Credit Facility to the extent any Guarantor is a party
    thereto and (y)&#160;not include
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by the Guarantees or the Guarantees with
    respect to the Series&#160;A notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by the guarantees with respect to our
    8.625% Notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    Indebtedness that is subordinated or junior in right of payment
    to any Indebtedness of any Guarantor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    Indebtedness which when incurred and without respect to any
    election under Section&#160;1111(b) of Title&#160;11 United
    States Code, is without recourse to any Guarantor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    Indebtedness which is represented by Redeemable Capital Stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    any liability for foreign, federal, state, local or other taxes
    owed or owing by any Guarantor to the extent such liability
    constitutes Indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    Indebtedness of any Guarantor to a Subsidiary or any other
    Affiliate of the Company or any of such Affiliate&#146;s
    Subsidiaries;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    to the extent it might constitute Indebtedness, amounts owing
    for goods, materials or services purchased in the ordinary
    course of business or consisting of trade accounts payable owed
    or owing by such Guarantor, and amounts owed by such Guarantor
    for compensation to employees or services rendered to such
    Guarantor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    that portion of any Indebtedness which at the time of issuance
    is issued in violation of the Indenture; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    Indebtedness evidenced by any guarantee of any Subordinated
    Indebtedness or Pari Passu Indebtedness.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture contains, among others, the following covenants:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Indebtedness.</I>&#160;&#160;The Company will
    not, and will not cause or permit any of its Restricted
    Subsidiaries to, create, issue, incur, assume, guarantee or
    otherwise in any manner become directly or indirectly liable for
    the payment of or otherwise incur, contingently or otherwise
    (collectively, &#147;incur&#148;), any Indebtedness (including
    any Acquired Indebtedness), unless such Indebtedness is incurred
    by the Company or any Guarantor or constitutes Acquired
    Indebtedness of a Restricted Subsidiary and, in each case, the
    Company&#146;s Consolidated Fixed Charge Coverage Ratio for the
    most recent four full fiscal quarters for which financial
    statements are available immediately preceding the incurrence of
    such Indebtedness taken as one period is at least equal to or
    greater than 2.00:1. (Section&#160;1008)
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    42
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, the Company and, to the extent
    specifically set forth below, the Restricted Subsidiaries may
    incur each and all of the following (collectively, the
    &#147;Permitted Indebtedness&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company and the Guarantors under any Credit
    Facility in an aggregate principal amount at any one time
    outstanding, not to exceed the greater of
    (a)&#160;$550.0&#160;million or (b)&#160;20% of the
    Company&#146;s Consolidated Tangible Assets, in any case under
    any Credit Facility or in respect of letters of credit
    thereunder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company and the Guarantors under Mortgage
    Loans in an amount not to exceed $200.0&#160;million at any time
    outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company and the Guarantors under any
    Inventory Facility, whether or not an Inventory Facility under
    any Credit Facility;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company or any Restricted Subsidiary
    outstanding on the Issue Date, listed on a schedule to the
    Indenture to the extent constituting Indebtedness, and not
    otherwise referred to in this definition of &#147;Permitted
    Indebtedness&#148;;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company owing to a Restricted Subsidiary;
    <I>provided</I> that any Indebtedness of the Company owing to a
    Restricted Subsidiary that is not a Guarantor is made pursuant
    to an intercompany note and is unsecured and is subordinated in
    right of payment from and after such time as the Series&#160;B
    notes shall become due and payable (whether at Stated Maturity,
    acceleration or otherwise) to the payment and performance of the
    Company&#146;s obligations under the Series&#160;B notes;
    <I>provided, further,</I> that any disposition, pledge or
    transfer of any such Indebtedness to a Person (other than a
    disposition, pledge or transfer to a Restricted Subsidiary)
    shall be deemed to be an incurrence of such Indebtedness by the
    Company or other obligor not permitted by this clause (v);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    Indebtedness of a Restricted Subsidiary owing to the Company or
    another Restricted Subsidiary; <I>provided</I> that any such
    Indebtedness is made pursuant to an intercompany note;
    <I>provided, further,</I> that (a)&#160;any disposition, pledge
    or transfer of any such Indebtedness to a Person (other than a
    disposition, pledge or transfer to the Company or a Restricted
    Subsidiary) shall be deemed to be an incurrence of such
    Indebtedness by the obligor not permitted by this clause (vi),
    and (b)&#160;any transaction pursuant to which any Restricted
    Subsidiary, which has Indebtedness owing to the Company or any
    other Restricted Subsidiary, ceases to be a Restricted
    Subsidiary shall be deemed to be the incurrence of Indebtedness
    by such Restricted Subsidiary that is not permitted by this
    clause (vi);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    guarantees of any Restricted Subsidiary made in accordance with
    the provisions of &#147;&#151;<I>Limitation on Issuances of
    Guarantees of and Pledges for Indebtedness</I>&#148;;
    <I>provided</I> that the Indebtedness of the Company or any
    Restricted Subsidiary subject to such guarantee was permitted to
    be incurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    obligations of the Company or any Guarantor entered into in the
    ordinary course of business (a)&#160;pursuant to Interest Rate
    Agreements designed to protect the Company or any Restricted
    Subsidiary against fluctuations in interest rates in respect of
    Indebtedness of the Company or any Restricted Subsidiary as long
    as such obligations do not exceed the aggregate principal amount
    of such Indebtedness then outstanding, (b)&#160;under any
    Currency Hedging Agreements, relating to (i)&#160;Indebtedness
    of the Company or any Restricted Subsidiary
    <FONT style="white-space: nowrap">and/or</FONT>
    (ii)&#160;obligations to purchase or sell assets or properties,
    in each case, incurred in the ordinary course of business of the
    Company or any Restricted Subsidiary; <I>provided, however,</I>
    that such Currency Hedging Agreements do not increase the
    Indebtedness or other obligations of the Company or any
    Restricted Subsidiary outstanding other than as a result of
    fluctuations in foreign currency exchange rates or by reason of
    fees, indemnities and compensation payable thereunder or
    (c)&#160;under any Commodity Price Protection Agreements which
    do not increase the amount of Indebtedness or other obligations
    of the Company or any Restricted Subsidiary outstanding other
</TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    43
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    than as a result of fluctuations in commodity prices or by
    reason of fees, indemnities and compensation payable thereunder;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company or any Restricted Subsidiary
    represented by Capital Lease Obligations or Purchase Money
    Obligations or other Indebtedness incurred or assumed in
    connection with the acquisition or development of real or
    personal, movable or immovable, property in each case incurred
    for the purpose of financing or refinancing all or any part of
    the purchase price or cost of construction or improvement of
    property used in the business of the Company, in an aggregate
    principal amount pursuant to this clause (ix)&#160;not to exceed
    $35.0&#160;million outstanding at any time; <I>provided</I> that
    the principal amount of any Indebtedness permitted under this
    clause (ix)&#160;did not in each case at the time of incurrence
    exceed the Fair Market Value, as determined by the Company in
    good faith, of the acquired or constructed asset or improvement
    so financed;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    obligations arising from agreements by the Company or a
    Restricted Subsidiary to provide for indemnification, customary
    purchase price closing adjustments, earn-outs or other similar
    obligations, in each case, incurred in connection with the
    acquisition or disposition of any business or assets of a
    Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    Indebtedness in the ordinary course of business to support the
    Company&#146;s or a Restricted Subsidiary&#146;s insurance or
    self-insurance obligations for workers&#146; compensation and
    other similar insurance coverages;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xii)&#160;
</TD>
    <TD align="left">
    guarantees by the Company or a Guarantor of Indebtedness of a
    Restricted Subsidiary that was permitted to be incurred under
    the covenant described under the caption
    &#147;&#151;<I>Limitation on Indebtedness;</I>&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xiii)&#160;
</TD>
    <TD align="left">
    any renewals, extensions, substitutions, refundings,
    refinancings or replacements (collectively, a
    &#147;refinancing&#148;) of any Indebtedness incurred pursuant
    to the first paragraph of this covenant or described in clause
    (iv) (other than an aggregate principal amount of 8.625% Notes
    redeemed or repurchased with proceeds from the sale of the
    Series&#160;A notes) or clause (xviii)&#160;below of this
    definition of &#147;Permitted Indebtedness,&#148; including any
    successive refinancings so long as the borrower under such
    refinancing is the Company or, if not the Company, the same as
    the borrower of the Indebtedness being refinanced and the
    aggregate principal amount of Indebtedness represented thereby
    (or if such Indebtedness provides for an amount less than the
    principal amount thereof to be due and payable upon a
    declaration of acceleration of the maturity thereof, the
    original issue price of such Indebtedness plus any accreted
    value attributable thereto since the original issuance of such
    Indebtedness) does not exceed the initial principal amount of
    such Indebtedness plus the lesser of (I)&#160;the stated amount
    of any premium or other payment required to be paid in
    connection with such a refinancing pursuant to the terms of the
    Indebtedness being refinanced or (II)&#160;the amount of premium
    or other payment actually paid at such time to refinance the
    Indebtedness, plus, in either case, the amount of expenses of
    the Company incurred in connection with such refinancing and
    (A)&#160;in the case of any refinancing of Indebtedness that is
    Subordinated Indebtedness, such new Indebtedness is made
    subordinated to the Series&#160;B notes at least to the same
    extent as the Indebtedness being refinanced and (B)&#160;in the
    case of Pari Passu Indebtedness or Subordinated Indebtedness, as
    the case may be, such refinancing does not reduce the Average
    Life to Stated Maturity or the Stated Maturity of such
    Indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xiv)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company or any of its Restricted
    Subsidiaries arising from the honoring by a bank or other
    financial institution of a check, draft or similar instrument
    inadvertently (except in the case of daylight overdrafts) drawn
    against insufficient funds in the ordinary course of business;
    <I>provided, however,</I> that such Indebtedness is extinguished
    within five business days of occurrence;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    44
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xv)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company to the extent the net proceeds
    thereof are promptly deposited to (a)&#160;defease the
    Series&#160;B notes as described under the caption
    &#147;Defeasance or Covenant Defeasance of Indenture&#148; or
    (b)&#160;redeem the Series&#160;B notes, as described under the
    caption &#147;Optional Redemption&#148;;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xvi)&#160;
</TD>
    <TD align="left">
    shares of Preferred Stock of a Restricted Subsidiary issued to
    the Company or a Wholly-Owned Restricted Subsidiary of the
    Company; <I>provided</I> that any subsequent transfer of any
    such shares of Preferred Stock (except to the Company or a
    Wholly-Owned Restricted Subsidiary of the Company) shall be
    deemed to be an issuance of Preferred Stock that was not
    permitted by this clause (xvi);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xvii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company and its Restricted Subsidiaries or
    any Guarantor in addition to that described in clauses
    (i)&#160;through (xvi)&#160;above and clause (xviii)&#160;below,
    and any renewals, extensions, substitutions, refinancings or
    replacements of such Indebtedness, so long as the aggregate
    principal amount of all such Indebtedness shall not exceed
    $40.0&#160;million outstanding at any one time in the aggregate;
    and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xviii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company pursuant to the Series&#160;A notes
    (and Series&#160;B notes issued in exchange therefor) and
    Indebtedness of any Guarantor pursuant to a Guarantee of the
    Series&#160;A notes (and any Guarantee of the Series&#160;B
    notes issued in exchange therefor).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining compliance with this
    &#147;Limitation on Indebtedness&#148; covenant, in the event
    that an item of Indebtedness meets the criteria of more than one
    of the types of Indebtedness permitted by this covenant, the
    Company in its sole discretion shall classify or reclassify such
    item of Indebtedness and only be required to include the amount
    of such Indebtedness as one of such types. The Company may also
    divide and classify such item of Indebtedness in more than one
    of the types of Indebtedness described above. Accrual of
    interest, accretion or amortization of original issue discount
    and the payment of interest on any Indebtedness in the form of
    additional Indebtedness with the same terms, and the payment of
    dividends on any Redeemable Capital Stock or Preferred Stock in
    the form of additional shares of the same class of Redeemable
    Capital Stock or Preferred Stock will not be deemed to be an
    incurrence of Indebtedness for purposes of this covenant
    provided, in each such case, that the amount thereof as accrued
    over time is included in the Consolidated Fixed Charge Coverage
    Ratio of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Restricted
    Payments.</I>&#160;&#160;(a)&#160;The Company will not, and will
    not cause or permit any Restricted Subsidiary to, directly or
    indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    declare or pay any dividend on, or make any distribution to
    holders of, any shares of the Company&#146;s Capital Stock
    (other than dividends or distributions payable solely in shares
    of its Qualified Capital Stock or in options, warrants or other
    rights to acquire shares of such Qualified Capital Stock);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    purchase, redeem, defease or otherwise acquire or retire for
    value, directly or indirectly, the Company&#146;s Capital Stock
    or any Capital Stock of any Affiliate of the Company, including
    any Subsidiary of the Company (other than Capital Stock of any
    Restricted Subsidiary of the Company), or options, warrants or
    other rights to acquire such Capital Stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    make any principal payment on, or repurchase, redeem, defease,
    retire or otherwise acquire for value, prior to any scheduled
    principal payment, sinking fund payment or maturity, any
    Subordinated Indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    declare or pay any dividend or distribution on any Capital Stock
    of any Restricted Subsidiary to any Person (other than:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="5%"></TD>
    <TD width="83%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    to the Company or any of its Wholly-Owned Restricted
    Subsidiaries; or
</TD>
</TR>

</TABLE>
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    <BR>
    45
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="5%"></TD>
    <TD width="83%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    dividends or distributions made by a Restricted Subsidiary:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="17%"></TD>
    <TD width="4%"></TD>
    <TD width="79%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    organized as a partnership, limited liability company or similar
    pass-through entity to the holders of its Capital Stock in
    amounts sufficient to satisfy the tax liabilities arising from
    their ownership of such Capital Stock; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    on a pro rata basis to all stockholders of such Restricted
    Subsidiary); or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    make any Investment in any Person (other than any Permitted
    Investments)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (any of the foregoing actions described in clauses
    (i)&#160;through (v), other than any such action that is a
    Permitted Payment (as defined below), collectively,
    &#147;Restricted Payments&#148;) (the amount of any such
    Restricted Payment, if other than cash, shall be the Fair Market
    Value of the assets proposed to be transferred, as determined by
    the Board of Directors of the Company, whose determination shall
    be conclusive and evidenced by a board resolution), unless
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    immediately before and immediately after giving effect to such
    proposed Restricted Payment on a <I>pro forma</I> basis, no
    Default or Event of Default shall have occurred and be
    continuing and such Restricted Payment shall not be an event
    which is, or after notice or lapse of time or both, would be, an
    &#147;event of default&#148; under the terms of any Indebtedness
    of the Company or its Restricted Subsidiaries;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    immediately before and immediately after giving effect to such
    Restricted Payment on a <I>pro forma</I> basis, the Company
    could incur $1.00 of additional Indebtedness (other than
    Permitted Indebtedness) under the provisions described under
    &#147;&#151;<I>Limitation on Indebtedness;</I>&#148; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    after giving effect to the proposed Restricted Payment, the
    aggregate amount of all such Restricted Payments declared or
    made after the Issue Date and all Designation Amounts does not
    exceed the sum of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="4%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    50% of the aggregate Consolidated Net Income of the Company
    accrued on a cumulative basis during the period beginning on the
    first day of the Company&#146;s fiscal quarter during which the
    Issue Date fell and ending on the last day of the Company&#146;s
    last fiscal quarter ending prior to the date of the Restricted
    Payment, or, if such aggregate cumulative Consolidated Net
    Income shall be a loss, minus 100% of such loss;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    the aggregate Net Cash Proceeds and the Fair Market Value of
    assets other than cash received after the Issue Date by the
    Company either (x)&#160;as capital contributions in the form of
    common equity to the Company or (y)&#160;from the issuance or
    sale (other than to any of its Subsidiaries) of Qualified
    Capital Stock of the Company or any options, warrants or rights
    to purchase such Qualified Capital Stock of the Company (except,
    in each case, to the extent such proceeds are used to purchase,
    redeem or otherwise retire Capital Stock or Subordinated
    Indebtedness as set forth below in clause (ii)&#160;or
    (iii)&#160;of paragraph (b)&#160;below) (and excluding the Net
    Cash Proceeds and the Fair Market Value of assets other than
    cash received from the issuance of Qualified Capital Stock
    financed, directly or indirectly, using funds borrowed from the
    Company or any Subsidiary until and to the extent such borrowing
    is repaid);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    the aggregate Net Cash Proceeds and the Fair Market Value of
    assets other than cash received after the Issue Date by the
    Company (other than from any of its Subsidiaries) upon the
    exercise of any options, warrants or rights to purchase
    Qualified Capital Stock of the Company (and excluding the Net
    Cash Proceeds and the Fair Market Value of assets other than
    cash received from the exercise of any options, warrants or
    rights to purchase Qualified Capital Stock financed, directly or
    indirectly, using funds borrowed from the Company or any
    Subsidiary until and to the extent such borrowing is repaid);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (D)&#160;
</TD>
    <TD align="left">
    the aggregate Net Cash Proceeds and the Fair Market Value of
    assets other than cash received after the Issue Date by the
    Company from the conversion or exchange, if any, of debt
    securities or Redeemable Capital Stock of the Company or its
    Restricted Subsidiaries
</TD>
</TR>
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</TABLE>
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    <BR>
    46
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="4%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    into or for Qualified Capital Stock of the Company plus, to the
    extent such debt securities or Redeemable Capital Stock were
    issued after the Issue Date, upon the conversion or exchange of
    such debt securities or Redeemable Capital Stock, the aggregate
    of Net Cash Proceeds and the Fair Market Value of assets other
    than cash received from their original issuance (and excluding
    the Net Cash Proceeds and the Fair Market Value of assets other
    than cash received from the conversion or exchange of debt
    securities or Redeemable Capital Stock financed, directly or
    indirectly, using funds borrowed from the Company or any
    Subsidiary until and to the extent such borrowing is repaid);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="4%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (E)&#160;
</TD>
    <TD align="left">
    (a)&#160;in the case of the disposition or repayment of any
    Investment constituting a Restricted Payment made after the
    Issue Date, an amount (to the extent not included in
    Consolidated Net Income) equal to (a)&#160;the lesser of
    (i)&#160;the return of capital with respect to such Investment
    and (ii)&#160;the initial amount of such Investment, in either
    case, less the cost of the disposition of such Investment and
    net of taxes, and (b)&#160;in the case of the designation of an
    Unrestricted Subsidiary as a Restricted Subsidiary or an
    Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary
    for purposes of the Indenture (in each case, as long as the
    designation of such Subsidiary as an Unrestricted Subsidiary was
    deemed a Restricted Payment), the Fair Market Value of the
    Company&#146;s interest in such Subsidiary provided that such
    amount shall not in any case exceed the amount of the Restricted
    Payment deemed made at the time the Subsidiary was designated as
    an Unrestricted Subsidiary; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (F)&#160;
</TD>
    <TD align="left">
    any amount which previously qualified as a Restricted Payment on
    account of any Guarantee entered into by the Company or any
    Restricted Subsidiary; <I>provided,</I> that such Guarantee has
    not been called upon and the obligation arising under such
    Guarantee no longer exists.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Notwithstanding the foregoing, and in the case of
    clauses (ii)&#160;through (iv)&#160;below, so long as no Default
    or Event of Default is continuing or would arise therefrom, the
    foregoing provisions shall not prohibit the following actions
    (each of clauses (i)&#160;through (iv)&#160;and
    (vii)&#160;through (xiii)&#160;being referred to as a
    &#147;Permitted Payment&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the payment of any dividend within 60&#160;days after the date
    of declaration thereof, if at such date of declaration such
    payment was permitted by the provisions of paragraph (a)&#160;of
    this Section and such payment shall have been deemed to have
    been paid on the date of declaration and shall not have been
    deemed a &#147;Permitted Payment&#148; for purposes of the
    calculation required by paragraph (a)&#160;of this Section;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the repurchase, redemption, or other acquisition or retirement
    for value of any shares of any class of Capital Stock of the
    Company in exchange for, including any such exchange pursuant to
    the exercise of a conversion right or privilege in connection
    with which cash is paid in lieu of the issuance of fractional
    shares or scrip, or out of the Net Cash Proceeds of a
    substantially concurrent issuance and sale for cash (other than
    to a Subsidiary) of, other shares of Qualified Capital Stock of
    the Company; <I>provided</I> that the Net Cash Proceeds from the
    issuance of such shares of Qualified Capital Stock are excluded
    from clause (3)(C) of paragraph (a)&#160;of this Section;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the repurchase, redemption, defeasance, retirement or
    acquisition for value or payment of principal of any
    Subordinated Indebtedness or Redeemable Capital Stock in
    exchange for, or in an amount not in excess of the Net Cash
    Proceeds of, a substantially concurrent issuance and sale for
    cash (other than to any Subsidiary of the Company) of any
    Qualified Capital Stock of the Company, <I>provided</I> that the
    Net Cash Proceeds from the issuance of such shares of Qualified
    Capital Stock are excluded from clause (3)(C) of paragraph
    (a)&#160;of this Section;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    the repurchase, redemption, defeasance, retirement, refinancing,
    acquisition for value or payment of principal of any
    Subordinated Indebtedness (other than Redeemable Capital Stock)
    (a &#147;refinancing&#148;) through the substantially concurrent
    issuance of new Subordinated Indebtedness of the Company,
    <I>provided</I> that any such new Subordinated Indebtedness
</TD>
</TR>

</TABLE>
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    <BR>
    47
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="4%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    shall be in a principal amount that does not exceed the
    principal amount so refinanced (or, if such Subordinated
    Indebtedness provides for an amount less than the principal
    amount thereof to be due and payable upon a declaration of
    acceleration thereof, then such lesser amount as of the date of
    determination), plus the lesser of (I)&#160;the stated amount of
    any premium or other payment required to be paid in connection
    with such a refinancing pursuant to the terms of the
    Indebtedness being refinanced or (II)&#160;the amount of premium
    or other payment actually paid at such time to refinance the
    Indebtedness, plus, in either case, the amount of expenses of
    the Company incurred in connection with such refinancing;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    has an Average Life to Stated Maturity greater than the
    remaining Average Life to Stated Maturity of the Series&#160;B
    notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    has a Stated Maturity for its final scheduled principal payment
    later than the Stated Maturity for the final scheduled principal
    payment of the Series&#160;B notes; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    is expressly subordinated in right of payment to the
    Series&#160;B notes at least to the same extent as the
    Subordinated Indebtedness to be refinanced;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    the purchase, redemption, or other acquisition or retirement for
    value of any class of Capital Stock of the Company from
    employees, former employees, directors or former directors of
    the Company or any Subsidiary in an amount not to exceed
    $2.0&#160;million in the aggregate in any twelve-month period
    plus the aggregate cash proceeds received by the Company during
    such twelve-month period from any reissuance of Capital Stock by
    the Company to members of management of the Company or any
    Restricted Subsidiary; <I>provided</I> that the Company may
    carry over and make in a subsequent twelve-month period, in
    addition to the amount otherwise permitted for such twelve-month
    period, the amount of such purchase, redemptions or other
    acquisitions for value permitted to have been made but not made
    in any preceding twelve-month period; <I>provided</I> that the
    aggregate repurchases, redemptions or other acquisitions or
    retirements for value does not exceed $4.0&#160;million in any
    twelve-month period;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    the repurchase, redemption or other acquisition or retirement
    for value of Capital Stock of the Company issued pursuant to
    acquisitions by the Company to the extent required by or needed
    to comply with the requirements of any of the Manufacturers with
    which the Company or a Restricted Subsidiary is a party to a
    franchise agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    the payment of the contingent purchase price or the payment of
    the deferred purchase price, including holdbacks (and the
    receipt of any corresponding consideration therefor), of an
    acquisition to the extent any such payment would be deemed a
    Restricted Payment and would otherwise have been permitted by
    the Indenture at the time of such acquisition;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    the repurchase of Capital Stock of the Company issued to sellers
    of businesses acquired by the Company or its Restricted
    Subsidiaries, in an amount not to exceed $5.0&#160;million
    during the term of the Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    the repurchase of Capital Stock deemed to occur upon exercise of
    stock options to the extent that shares of such Capital Stock
    represent a portion of the exercise price of such options;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    the payment of cash in lieu of the issuance of fractional shares
    in connection with the exercise of warrants, options or other
    securities convertible or exercisable for Capital Stock of the
    Company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    payments or distributions to stockholders pursuant to appraisal
    rights required under applicable law in connection with any
    consolidation, merger or transfer of assets that complies with
    the covenant described under the caption
    &#147;&#151;Consolidation, Merger or Sale of Assets&#148;;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xii)&#160;
</TD>
    <TD align="left">
    the making of any Restricted Payments after the date of the
    Indenture not exceeding in the aggregate $100.0&#160;million;
    <I>provided</I> that no Default or Event of Default shall have
    occurred and be continuing immediately after such transaction;
    and
</TD>
</TR>

</TABLE>
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    <BR>
    48
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xiii)&#160;
</TD>
    <TD align="left">
    the payment of cash dividends on the Company&#146;s Qualified
    Capital Stock in the aggregate amount per fiscal quarter up to
    or equal to $0.10 per share for each share of the Company&#146;s
    Qualified Capital Stock outstanding as of the quarterly record
    date for dividends payable in respect of such fiscal quarter (as
    such amount shall be adjusted for changes in the capitalization
    of the Company upon recapitalizations, reclassifications, stock
    splits, stock dividends, reverse stock splits, stock
    consolidations and similar transactions, <I>provided,
    however,</I> in the event a Change of Control occurs, the
    aggregate amounts permitted to be paid in cash dividends per
    fiscal quarter shall not exceed the aggregate amounts of such
    cash dividends paid in the same fiscal quarter most recently
    occurring prior to such Change of Control, <I>provided,
    further,</I> that for purposes of this exception, shares of
    Qualified Capital Stock issued for less than fair market value
    (other than shares issued pursuant to options or otherwise in
    accordance with the Company&#146;s stock option, employee stock
    purchase or other equity compensation plans) shall not be deemed
    outstanding; <I>provided, further</I> that no Default or Event
    of Default shall have occurred and be continuing immediately
    after such transaction. (Section&#160;1009)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Transactions with
    Affiliates.</I>&#160;&#160;The Company will not, and will not
    cause or permit any of its Restricted Subsidiaries to, directly
    or indirectly, enter into any transaction or series of related
    transactions (including, without limitation, the sale, purchase,
    exchange or lease of assets, property or services) with or for
    the benefit of any Affiliate of the Company (other than the
    Company or a Restricted Subsidiary) unless such transaction or
    series of related transactions is entered into in good faith and
    in writing and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    such transaction or series of related transactions is on terms
    that are no less favorable to the Company or such Restricted
    Subsidiary, as the case may be, than those that would be
    available in a comparable transaction in arm&#146;s-length
    dealings with an unrelated third party;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    with respect to any transaction or series of related
    transactions involving aggregate value in excess of
    $5.0&#160;million, the Company delivers an officers&#146;
    certificate to the Trustee certifying that such transaction or
    series of related transactions complies with clause
    (a)&#160;above or such transaction or series of related
    transactions is approved by a majority of the Disinterested
    Directors of the Board of Directors of the Company, or in the
    event there is only one Disinterested Director, by such
    Disinterested Director; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    with respect to any transaction or series of related
    transactions involving aggregate value in excess of
    $15.0&#160;million, either (i)&#160;such transaction or series
    of related transactions has been approved by a majority of the
    Disinterested Directors of the Board of Directors of the
    Company, or in the event there is only one Disinterested
    Director, by such Disinterested Director, or (ii)&#160;the
    Company delivers to the Trustee a written opinion of an
    investment banking firm of national standing or other recognized
    independent expert with experience appraising the terms and
    conditions of the type of transaction or series of related
    transactions for which an opinion is required stating that the
    transaction or series of related transactions or the
    consideration being paid is fair to the Company or such
    Restricted Subsidiary from a financial point of view;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided, however,</I> that this provision shall not apply to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    compensation and employee benefit arrangements with any officer
    or director of the Company, including under any stock option or
    stock incentive plans, entered into in the ordinary course of
    business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    any transaction permitted as a Restricted Payment pursuant to
    the covenant described in &#147;&#151;<I>Limitation on
    Restricted Payments&#148;</I>;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the payment of customary fees to directors of the Company and
    its Restricted Subsidiaries;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    any transaction with any officer or member of the Board of
    Directors of the Company involving indemnification arrangements;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    loans or advances to officers of the Company in the ordinary
    course of business not to exceed $1.0&#160;million in any
    calendar year; and
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    49
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    any transactions undertaken pursuant to any contractual
    obligations in existence on the Issue Date and any renewals,
    replacements or modifications of such obligations (pursuant to
    new transactions or otherwise) on terms no less favorable than
    could be received from an unaffiliated third party.
    (Section&#160;1010)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Liens.&#160;&#160;</I>The Company will not, and
    will not cause or permit any Restricted Subsidiary to, directly
    or indirectly, (1)&#160;create, incur or affirm any Lien of any
    kind securing any Pari Passu Indebtedness or Subordinated
    Indebtedness, including any assumption, guarantee or other
    liability with respect thereto by any Restricted Subsidiary,
    upon any property or assets (including any intercompany notes)
    of the Company or any Restricted Subsidiary owned on the Issue
    Date or acquired after the Issue Date, or (2)&#160;assign or
    convey any right to receive any income or profits from such
    Liens, unless the Series&#160;B notes or a Guarantee in the case
    of Liens of a Guarantor are directly secured equally and ratably
    with (or, in the case of Subordinated Indebtedness, prior or
    senior thereto, with the same relative priority as the
    Series&#160;B notes shall have with respect to such Subordinated
    Indebtedness) the obligation or liability secured by such Lien
    except for Liens:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    securing any Indebtedness which became Indebtedness pursuant to
    a transaction permitted under &#147;&#151;Consolidation, Merger,
    Sale of Assets&#148; or securing Acquired Indebtedness which was
    created prior to (and not created in connection with, or in
    contemplation of) the incurrence of such Pari Passu Indebtedness
    or Subordinated Indebtedness (including any assumption,
    guarantee or other liability with respect thereto by any
    Restricted Subsidiary) and which Indebtedness is permitted under
    the provisions of &#147;&#151;<I>Limitation on
    Indebtedness&#148;</I>; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    securing any Indebtedness incurred in connection with any
    refinancing, renewal, substitutions or replacements of any such
    Indebtedness described in clause (A), so long as the aggregate
    principal amount of Indebtedness represented thereby (or if such
    Indebtedness provides for an amount less than the principal
    amount thereof to be due and payable upon a declaration of
    acceleration of the maturity thereof, the original issue price
    of such Indebtedness plus any accreted value attributable
    thereto since the original issuance of such Indebtedness) is not
    increased by such refinancing by an amount greater than the
    lesser of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="6%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the stated amount of any premium or other payment required to be
    paid in connection with such a refinancing pursuant to the terms
    of the Indebtedness being refinanced; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the amount of premium or other payment actually paid at such
    time to refinance the Indebtedness, plus, in either case, the
    amount of expenses of the Company incurred in connection with
    such refinancing,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided, however,</I> that in the case of clauses
    (A)&#160;and (B), any such Lien only extends to the assets that
    were subject to such Lien securing such Indebtedness prior to
    the related acquisition by the Company or its Restricted
    Subsidiaries. Notwithstanding the foregoing, any Lien securing
    the Series&#160;B notes granted pursuant to this covenant shall
    be automatically and unconditionally released and discharged
    upon the release by the holder or holders of the Pari Passu
    Indebtedness or Subordinated Indebtedness described above of
    their Lien on the property or assets of the Company or any
    Restricted Subsidiary (including any deemed release upon payment
    in full of all obligations under such Indebtedness), at such
    time as the holder or holders of all such Pari Passu
    Indebtedness or Subordinated Indebtedness also release their
    Lien on the property or assets of the Company or such Restricted
    Subsidiary, or upon any sale, exchange or transfer to any Person
    not an Affiliate of the Company of the property or assets
    secured by such Lien, or of all of the Capital Stock held by the
    Company or any Restricted Subsidiary in, or all or substantially
    all the assets of, any Restricted Subsidiary creating such Lien.
    (Section&#160;1011)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Sale of Assets.</I>&#160;&#160;(a)&#160;The
    Company will not, and will not cause or permit any of its
    Restricted Subsidiaries to, directly or indirectly, consummate
    an Asset Sale unless (i)&#160;at least 75% of the consideration
    from such Asset Sale consists of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    cash or Cash Equivalents;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    50
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    the assumption of Senior Indebtedness or Senior Guarantor
    Indebtedness by the party acquiring the assets from the Company
    of any Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    Replacement Assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (D)&#160;
</TD>
    <TD align="left">
    Designated Noncash Consideration; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (E)&#160;
</TD>
    <TD align="left">
    a combination of any of the foregoing; and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii) the Company or such Restricted Subsidiary receives
    consideration at the time of such Asset Sale at least equal to
    the Fair Market Value of the shares or assets subject to such
    Asset Sale (as determined by the Board of Directors of the
    Company and evidenced in a board resolution); <I>provided</I>
    that any notes or other obligations received by the Company or
    any such Restricted Subsidiary from any transferee of assets
    from the Company or such Restricted Subsidiary that are
    converted by the Company or such Restricted Subsidiary into cash
    at Fair Market Value within 30&#160;days after receipt shall be
    deemed to be cash for purposes of this provision.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    If:
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    all or a portion of the Net Cash Proceeds of any Asset Sale are
    not required to be applied to repay permanently any Senior
    Indebtedness or Senior Guarantor Indebtedness then outstanding
    as required by the terms thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    the Company determines not to apply such Net Cash Proceeds to
    the permanent prepayment of such Senior Indebtedness or Senior
    Guarantor Indebtedness; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    if no such Senior Indebtedness or Senior Guarantor Indebtedness
    that requires prepayment is then outstanding (or such prepayment
    is waived);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    then the Company or a Restricted Subsidiary may within
    365&#160;days of the Asset Sale invest the Net Cash Proceeds in
    Replacement Assets. The amount of such Net Cash Proceeds not
    used or invested within 365&#160;days of the Asset Sale as set
    forth in this paragraph constitutes &#147;Excess Proceeds.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c) When the aggregate amount of Excess Proceeds exceeds
    $25.0&#160;million or more, the Company will apply the Excess
    Proceeds to the repayment of the Series&#160;B notes and any
    other Pari Passu Indebtedness outstanding with similar
    provisions requiring the Company to make an offer to purchase
    such Indebtedness with the proceeds from any Asset Sale as
    follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    the Company will make an offer to purchase (an
    &#147;Offer&#148;) to all holders of the Series&#160;B notes in
    accordance with the procedures set forth in the Indenture in the
    maximum principal amount (expressed as a multiple of $1,000) of
    Series&#160;B notes that may be purchased out of an amount (the
    &#147;Note&#160;Amount&#148;) equal to the product of such
    Excess Proceeds multiplied by a fraction, the numerator of which
    is the outstanding principal amount of the Series&#160;B notes,
    and the denominator of which is the sum of the outstanding
    principal amount of the Series&#160;B notes and such Pari Passu
    Indebtedness (subject to proration in the event such amount is
    less than the aggregate Offered Price (as defined herein) of all
    Series&#160;B notes tendered) and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    to the extent required by such Pari Passu Indebtedness to
    permanently reduce the principal amount of such Pari Passu
    Indebtedness, the Company will make an offer to purchase or
    otherwise repurchase or redeem Pari Passu Indebtedness (a
    &#147;Pari Passu Offer&#148;) in an amount (the &#147;Pari Passu
    Debt Amount&#148;) equal to the excess of the Excess Proceeds
    over the Note&#160;Amount.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, in no event will the Company be required to make a Pari
    Passu Offer in a Pari Passu Debt Amount exceeding the principal
    amount of such Pari Passu Indebtedness plus the amount of any
    premium required to be paid to repurchase such Pari Passu
    Indebtedness. The offer price for the Series&#160;B notes will
    be payable in cash in an amount equal to 100% of the principal
    amount of the Series&#160;B notes plus accrued and unpaid
    interest, if any, to the date (the &#147;Offer Date&#148;) such
    Offer is consummated (the &#147;Offered Price&#148;), in
    accordance with the procedures set forth in the Indenture. To
    the extent that the aggregate Offered Price of the Series&#160;B
    notes tendered pursuant to the Offer is less than the
    Note&#160;Amount relating thereto or the aggregate amount of
    Pari Passu Indebtedness that is purchased in a Pari Passu Offer
    is less than the Pari Passu Debt
</DIV>
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    <BR>
    51
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amount, the Company may use any remaining Excess Proceeds for
    general corporate purposes. If the aggregate principal amount of
    Series&#160;B notes and Pari Passu Indebtedness surrendered by
    holders thereof exceeds the amount of Excess Proceeds, the
    Trustee shall select the Series&#160;B notes to be purchased on
    a pro rata basis. Upon the completion of the purchase of all the
    Series&#160;B notes tendered pursuant to an Offer and the
    completion of a Pari Passu Offer, the amount of Excess Proceeds,
    if any, shall be reset at zero.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;If the Company becomes obligated to make an Offer
    pursuant to clause (c)&#160;above, the Series&#160;B notes and
    the Pari Passu Indebtedness shall be purchased by the Company,
    at the option of the holders thereof, in whole or in part in
    integral multiples of $1,000, on a date that is not earlier than
    30&#160;days and not later than 60&#160;days from the date the
    notice of the Offer is given to holders, or such later date as
    may be necessary for the Company to comply with the requirements
    under the Exchange Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;The Indenture will provide that the Company will comply
    with the applicable tender offer rules, including
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Exchange Act, and any other applicable securities laws
    or regulations in connection with an Offer. (Section&#160;1012)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Issuances of Guarantees of and Pledges for
    Indebtedness</I>.&#160;&#160;(a)&#160;The Company will not cause
    or permit any Restricted Subsidiary, other than a Guarantor,
    directly or indirectly, to secure the payment of any Senior
    Indebtedness of the Company and the Company will not, and will
    not permit any Restricted Subsidiary to, pledge any intercompany
    notes representing obligations of any Restricted Subsidiary
    (other than a Guarantor) to secure the payment of any Senior
    Indebtedness unless in each case such Restricted Subsidiary
    executes and delivers a supplemental indenture to the Indenture
    providing for a guarantee of payment of the Series&#160;B notes
    by such Restricted Subsidiary within 30&#160;days. The guarantee
    shall be on the same terms as the guarantee of the Senior
    Indebtedness (if a guarantee of Senior Indebtedness is granted
    by any such Restricted Subsidiary) except that the guarantee of
    the Series&#160;B notes need not be secured and shall be
    subordinated to the claims against such Restricted Subsidiary in
    respect of Senior Indebtedness to the same extent as the
    Series&#160;B notes are subordinated to Senior Indebtedness of
    the Company under the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The Company will not cause or permit any Restricted
    Subsidiary (which is not a Guarantor), directly or indirectly,
    to guarantee, assume or in any other manner become liable with
    respect to any Indebtedness of the Company or any Restricted
    Subsidiary unless such Restricted Subsidiary executes and
    delivers a supplemental indenture to the Indenture providing for
    a Guarantee of the notes within 30&#160;days on the same terms
    as the guarantee of such Indebtedness except that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    such guarantee need not be secured unless required pursuant to
    &#147;&#151;<I>Limitation on Liens,</I>&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    if such Indebtedness is by its terms Senior Indebtedness, any
    such assumption, guarantee or other liability of such Restricted
    Subsidiary with respect to such Indebtedness shall be senior to
    such Restricted Subsidiary&#146;s Guarantee of the Series&#160;B
    notes to the same extent as such Senior Indebtedness is senior
    to the Series&#160;B notes and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    if such Indebtedness is by its terms expressly subordinated to
    the Series&#160;B notes, any such assumption, guarantee or other
    liability of such Restricted Subsidiary with respect to such
    Indebtedness shall be subordinated to such Restricted
    Subsidiary&#146;s Guarantee of the Series&#160;B notes at least
    to the same extent as such Indebtedness is subordinated to the
    Series&#160;B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Notwithstanding the foregoing, any Guarantee by a
    Restricted Subsidiary of the Series&#160;B notes shall provide
    by its terms that it (and all Liens securing the same) shall be
    automatically and unconditionally released and discharged upon
    (i)&#160;any sale, exchange or transfer, to any Person not an
    Affiliate of the Company, of all of the Company&#146;s Capital
    Stock in, or all or substantially all the assets of, such
    Restricted Subsidiary, which transaction is in compliance with
    the terms of the Indenture and pursuant to which transaction
    such Subsidiary is released from all guarantees, if any, by it
    of other Indebtedness of the Company or any Restricted
    Subsidiaries or (ii)&#160;the release by the holders of the
    Indebtedness of the Company of their security interest or their
    guarantee by such Restricted Subsidiary (including any deemed
    release upon payment in full of all obligations under such
    Indebtedness), at such time as (A)&#160;no other Indebtedness of
    the Company has been secured or guaranteed by such Restricted
    Subsidiary, as the case may be, or (B)&#160;the holders of all
    such other Indebtedness which is secured or guaranteed by such
    Restricted Subsidiary also release their security
</DIV>
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    <BR>
    52
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    interest in or guarantee by such Restricted Subsidiary
    (including any deemed release upon payment in full of all
    obligations under such Indebtedness). (Section&#160;1013)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Senior Subordinated
    Indebtedness.</I>&#160;&#160;The Company will not, and will not
    permit or cause any Guarantor to, directly or indirectly,
    create, incur, issue, assume, guarantee or otherwise in any
    manner become directly or indirectly liable for or with respect
    to or otherwise permit to exist any Indebtedness that is
    subordinate in right of payment to any Indebtedness of the
    Company or such Guarantor, as the case may be, unless such
    Indebtedness is also <I>pari passu</I> with the Series&#160;B
    notes or the Guarantee of such Guarantor or subordinated in
    right of payment to the Series&#160;B notes or such Guarantee at
    least to the same extent as the Series&#160;B notes or such
    Guarantee are subordinated in right of payment to Senior
    Indebtedness or such Guarantor&#146;s Senior Guarantor
    Indebtedness, as the case may be, as set forth in the Indenture.
    (Section&#160;1017)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture does not treat (i)&#160;unsecured Indebtedness as
    subordinated or junior to secured Indebtedness merely because it
    is unsecured or (ii)&#160;Senior Indebtedness as subordinated or
    junior to any other Senior Indebtedness merely because it has a
    junior priority with respect to the same collateral.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Subsidiary Preferred Stock.</I>&#160;&#160;The
    Company will not permit
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    any Restricted Subsidiary of the Company to issue, sell or
    transfer any Preferred Stock, except for (i)&#160;Preferred
    Stock issued or sold to, held by or transferred to the Company
    or a Wholly Owned Restricted Subsidiary and (ii)&#160;Preferred
    Stock issued by a Person prior to the time
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    such Person becomes a Restricted Subsidiary,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    such Person merges with or into a Restricted Subsidiary or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    a Restricted Subsidiary merges with or into such Person;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I> that such Preferred Stock was not issued or
    incurred by such Person in anticipation of the type of
    transaction contemplated by subclause (A), (B)&#160;or
    (C)&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    any Person (other than the Company or a Wholly Owned Restricted
    Subsidiary) to acquire Preferred Stock of any Restricted
    Subsidiary from the Company or any Restricted Subsidiary,
    except, in the case of clause (a)&#160;or (b), or upon the
    acquisition of all the outstanding Capital Stock of such
    Restricted Subsidiary in accordance with the terms of the
    Indenture. (Section&#160;1015)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Dividends and Other Payment Restrictions
    Affecting Subsidiaries</I>.&#160;&#160;The Company will not, and
    will not cause or permit any of its Restricted Subsidiaries to,
    directly or indirectly, create or otherwise cause to exist or
    become effective any consensual encumbrance or restriction on
    the ability of any Restricted Subsidiary to
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    pay dividends or make any other distribution on its Capital
    Stock or any other interest or participation in or measured by
    its profits,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    pay any Indebtedness owed to the Company or any other Restricted
    Subsidiary,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    make any Investment in the Company or any other Restricted
    Subsidiary or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    transfer any of its properties or assets to the Company or any
    other Restricted Subsidiary,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    except for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    any encumbrance or restriction pursuant to an agreement in
    effect on the Issue Date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    any encumbrance or restriction, with respect to a Restricted
    Subsidiary that was not a Restricted Subsidiary of the Company
    on the Issue Date, in existence at the time such Person becomes
    a Restricted Subsidiary of the Company and not incurred in
    connection with, or in contemplation of, such Person becoming a
    Restricted Subsidiary, <I>provided</I> that such encumbrances
    and restrictions are not applicable to the Company or any
    Restricted Subsidiary or the properties or assets of the Company
    or any Restricted Subsidiary other than such Subsidiary which is
    becoming a Restricted Subsidiary;
</TD>
</TR>

</TABLE>
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    <BR>
    53
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    customary provisions contained in an agreement that has been
    entered into for the sale or other disposition of all or
    substantially all of the Capital Stock or assets of a Restricted
    Subsidiary; <I>provided however</I> that the restrictions are
    applicable only to such Restricted Subsidiary or assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    any encumbrance or restriction existing under or by reason of
    applicable law or any requirement of any regulatory body;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    customary provisions restricting subletting or assignment of any
    lease governing any leasehold interest of any Restricted
    Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    covenants in franchise agreements with Manufacturers customary
    for franchise agreements in the automobile retailing industry;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    any encumbrance or restriction contained in any Purchase Money
    Obligations for property to the extent such restriction or
    encumbrance restricts the transfer of such property;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (h)&#160;
</TD>
    <TD align="left">
    any encumbrances or restrictions in security agreements securing
    Indebtedness (other than Subordinated Indebtedness) of a
    Guarantor (including any Credit Facility or any Inventory
    Facility) (to the extent that such Liens are otherwise incurred
    in accordance with &#147;&#151;<I>Limitation on Liens&#148;</I>)
    that restrict the transfer of property subject to such
    agreements, <I>provided</I> that any such encumbrance or
    restriction is released to the extent the underlying Lien is
    released or the related Indebtedness is repaid;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    covenants in Inventory Facilities customary for inventory and
    floor plan financing in the automobile retailing industry;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (j)&#160;
</TD>
    <TD align="left">
    any encumbrance related to assets acquired by or merged into or
    consolidated with the Company or any Restricted Subsidiary so
    long as such encumbrance was not entered into in contemplation
    of the acquisition, merger or consolidation transaction;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (k)&#160;
</TD>
    <TD align="left">
    customary non-assignment provisions contained in (a)&#160;any
    lease governing a leasehold interest or (b)&#160;any supply,
    license or other agreement entered into in the ordinary course
    of business of the Company or any of its Restricted Subsidiaries;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (l)&#160;
</TD>
    <TD align="left">
    Liens securing Indebtedness otherwise permitted to be incurred
    under the provisions of the covenant described above under the
    caption &#147;Limitations on Liens&#148; that limit the right of
    the debtor to dispose of the assets subject to such Liens;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (m)&#160;
</TD>
    <TD align="left">
    restrictions on cash or other deposits or net worth imposed by
    customers or vendors under contracts entered into in the
    ordinary course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (n)&#160;
</TD>
    <TD align="left">
    restrictions contained in any other indenture or instrument
    governing debt or preferred securities that are not materially
    more restrictive, taken as a whole, than those contained in the
    Indenture governing the Series&#160;B notes; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (o)&#160;
</TD>
    <TD align="left">
    any encumbrance or restriction existing under any agreement that
    extends, renews, refinances or replaces the agreements
    containing the encumbrances or restrictions in the foregoing
    clauses (a), (b), (j)&#160;or in this clause (o),
    <I>provided</I> that the terms and conditions of any such
    encumbrances or restrictions are no more restrictive in any
    material respect than those under or pursuant to the agreement
    evidencing the Indebtedness so extended, renewed, refinanced or
    replaced. (Section 1016)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limitation on Unrestricted Subsidiaries.</I>&#160;&#160;The
    Company may designate after the Issue Date any Subsidiary as an
    &#147;Unrestricted Subsidiary&#148; under the Indenture (a
    &#147;Designation&#148;) only if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a) no Default shall have occurred and be continuing at the time
    of or after giving effect to such Designation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b) the Company would be permitted to make a Permitted
    Investment or an Investment at the time of Designation (assuming
    the effectiveness of such Designation) pursuant to the first
    paragraph of &#147;&#151;<I>Limitation </I>
</DIV>
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    <BR>
    54
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>on Restricted Payments</I>&#148; above in an amount (the
    &#147;Designation Amount&#148;) equal to the greater of
    (1)&#160;the net book value of the Company&#146;s interest in
    such Subsidiary calculated in accordance with GAAP or
    (2)&#160;the Fair Market Value of the Company&#146;s interest in
    such Subsidiary as determined in good faith by the
    Company&#146;s Board of Directors;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c) the Company would be permitted under the Indenture to incur
    $1.00 of additional Indebtedness (other than Permitted
    Indebtedness) pursuant to the covenant described under
    &#147;&#151;<I>Limitation on Indebtedness</I>&#148; at the time
    of such Designation (assuming the effectiveness of such
    Designation);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d) such Unrestricted Subsidiary does not own any Capital Stock
    in any Restricted Subsidiary of the Company which is not
    simultaneously being designated an Unrestricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e) such Unrestricted Subsidiary is not liable, directly or
    indirectly, with respect to any Indebtedness other than
    Unrestricted Subsidiary Indebtedness, <I>provided</I> that an
    Unrestricted Subsidiary may provide a Guarantee for the
    Series&#160;B notes; and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f) such Unrestricted Subsidiary is not a party to any
    agreement, contract, arrangement or understanding at such time
    with the Company or any Restricted Subsidiary unless the terms
    of any such agreement, contract, arrangement or understanding
    are no less favorable to the Company or such Restricted
    Subsidiary than those that might be obtained at the time from
    Persons who are not Affiliates of the Company or, in the event
    such condition is not satisfied, the value of such agreement,
    contract, arrangement or understanding to such Unrestricted
    Subsidiary shall be deemed a Restricted Payment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of any such Designation, the Company shall be
    deemed to have made an Investment constituting a Restricted
    Payment pursuant to the covenant &#147;&#151;<I>Limitation on
    Restricted Payments</I>&#148; for all purposes of the Indenture
    in the Designation Amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will also provide that the Company shall not and
    shall not cause or permit any Restricted Subsidiary to at any
    time (x)&#160;provide credit support for, or subject any of its
    property or assets, other than the Capital Stock of any
    Unrestricted Subsidiary, to the satisfaction of, any
    Indebtedness of any Unrestricted Subsidiary, including any
    undertaking, agreement or instrument evidencing such
    Indebtedness, (other than Permitted Investments in Unrestricted
    Subsidiaries) or (y)&#160;be directly or indirectly liable for
    any Indebtedness of any Unrestricted Subsidiary. For purposes of
    the foregoing, the Designation of a Subsidiary of the Company as
    an Unrestricted Subsidiary shall be deemed to be the Designation
    of all of the Subsidiaries of such Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company may revoke any Designation of a Subsidiary as an
    Unrestricted Subsidiary (a &#147;Revocation&#148;) if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    no Default shall have occurred and be continuing at the time of
    and after giving effect to such Revocation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    all Liens and Indebtedness of such Unrestricted Subsidiary
    outstanding immediately following such Revocation would, if
    incurred at such time, have been permitted to be incurred for
    all purposes of the Indenture; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    unless such redesignated Subsidiary shall not have any
    Indebtedness outstanding (other than Indebtedness that would be
    Permitted Indebtedness), immediately after giving effect to such
    proposed Revocation, and after giving pro forma effect to the
    incurrence of any such Indebtedness of such redesignated
    Subsidiary as if such Indebtedness was incurred on the date of
    the Revocation, the Company could incur $1.00 of additional
    Indebtedness (other than Permitted Indebtedness) pursuant to the
    covenant described under &#147;<I>&#151;Limitation on
    Indebtedness.</I>&#148;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All Designations and Revocations must be evidenced by a
    resolution of the Board of Directors of the Company delivered to
    the Trustee certifying compliance with the foregoing provisions.
    (Section&#160;1018)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Provision of Financial Statements.</I>&#160;&#160;Whether or
    not the Company is subject to Section&#160;13(a) or 15(d) of the
    Exchange Act, the Company and each Guarantor (to the extent such
    Guarantor would be required if subject to Section&#160;13(a) or
    15(d) of the Exchange Act) will, to the extent permitted under
    the Exchange Act,
</DIV>
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    <BR>
    55
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    file with the Commission the annual reports, quarterly reports
    and other documents which the Company and such Guarantor would
    have been required to file with the Commission pursuant to
    Sections&#160;13(a) or 15(d) if the Company or such Guarantor
    were so subject. The documents are to be filed with the
    Commission on or prior to the date (the &#147;Required Filing
    Date&#148;) by which the Company and such Guarantor would have
    been required so to file such documents if the Company and such
    Guarantor were so subject. The Company will also in any event
    (x)&#160;within 15&#160;days of each Required Filing Date
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    transmit by mail to all holders, as their names and addresses
    appear in the security register, without cost to such holders;
    and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    file with the Trustee copies of the annual reports, quarterly
    reports and other documents which the Company and such Guarantor
    would have been required to file with the Commission pursuant to
    Sections&#160;13(a) or 15(d) of the Exchange Act if the Company
    and such Guarantor were subject to either of such Sections; and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (y) if filing such documents by the Company and such Guarantor
    with the Commission is not permitted under the Exchange Act,
    promptly upon written request and payment of the reasonable cost
    of duplication and delivery, supply copies of such documents to
    any prospective holder at the Company&#146;s cost.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any Guarantor&#146;s financial statements would be required
    to be included in the financial statements filed or delivered
    pursuant to the Indenture if the Company were subject to
    Section&#160;13(a) or 15(d) of the Exchange Act, the Company
    shall include such Guarantor&#146;s financial statements in any
    filing or delivery pursuant to the Indenture. The Indenture also
    provides that, so long as any of the Series&#160;A notes remain
    outstanding, the Company will make available to any prospective
    purchaser of Series&#160;A notes or beneficial owner of
    Series&#160;A notes in connection with any sale thereof the
    information required by Rule&#160;144A(d)(4) under the
    Securities Act, until such time as the Company has either
    exchanged the Series&#160;A notes for securities identical in
    all material respects which have been registered under the
    Securities Act or until such time as the holders thereof have
    disposed of such Series&#160;A notes pursuant to an effective
    registration statement under the Securities Act.
    (Section&#160;1019)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Additional Covenants.</I>&#160;&#160;The Indenture also
    contains covenants with respect to the following matters:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    payment of principal, premium and interest;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    maintenance of an office or agency in The City of New York;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    arrangements regarding the handling of money held in trust;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    maintenance of corporate existence;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    payment of taxes and other claims;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    maintenance of properties; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    maintenance of insurance.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Merger, Sale of Assets</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The Company</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will not, in a single transaction or through a
    series of related transactions, (1)&#160;consolidate with or
    merge with or into any other Person; (2)&#160;sell, assign,
    convey, transfer, lease or otherwise dispose of all or
    substantially all of its properties and assets to any Person or
    group of Persons; or (3)&#160;permit any of its Restricted
    Subsidiaries to enter into any such transaction or series of
    related transactions if such transaction or series of related
    transactions, in the aggregate, would result in a sale,
    assignment, conveyance, transfer, lease or disposition of all or
    substantially all of the properties and assets of the Company
</DIV>
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    <BR>
    56
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and its Restricted Subsidiaries on a Consolidated basis to any
    other Person or group of Persons, unless at the time and after
    giving effect thereto:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    either (a)&#160;the Company will be the continuing corporation
    (in the case of a consolidation or merger involving the Company)
    or (b)&#160;the Person (if other than the Company) formed by
    such consolidation or into which the Company is merged or the
    Person which acquires by sale, assignment, conveyance, transfer,
    lease or disposition all or substantially all of the properties
    and assets of the Company and its Restricted Subsidiaries on a
    Consolidated basis (the &#147;Surviving Entity&#148;) will be a
    corporation, partnership, limited liability company, trust or
    other entity duly organized and validly existing under the laws
    of the United States of America, any state thereof or the
    District of Columbia and such Person expressly assumes, by a
    supplemental indenture, in a form reasonably satisfactory to the
    Trustee, all the obligations of the Company under the
    Series&#160;B notes, the Indenture and the Registration Rights
    Agreement, as the case may be, and the Series&#160;B notes, the
    Indenture and the Registration Rights Agreement (to the extent
    any obligations remain under the Registration Rights Agreement)
    will remain in full force and effect as so supplemented;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    immediately before and immediately after giving effect to such
    transaction on a <I>pro forma</I> basis (and treating any
    Indebtedness not previously an obligation of the Company or any
    of its Restricted Subsidiaries which becomes the obligation of
    the Company or any of its Restricted Subsidiaries as a result of
    such transaction as having been incurred at the time of such
    transaction), no Default or Event of Default will have occurred
    and be continuing;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    immediately before and immediately after giving effect to such
    transaction on a <I>pro forma</I> basis (on the assumption that
    the transaction occurred on the first day of the four-quarter
    period for which financial statements are available ending
    immediately prior to the consummation of such transaction with
    the appropriate adjustments with respect to the transaction
    being included in such <I>pro forma</I> calculation), the
    Company (or the Surviving Entity if the Company is not the
    continuing obligor under the Indenture) could incur $1.00 of
    additional Indebtedness (other than Permitted Indebtedness)
    under the provisions of &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Indebtedness;</I>&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    at the time of the transaction, each Guarantor, if any, unless
    it is the other party to the transactions described above, will
    have by supplemental indenture confirmed that its Guarantee
    shall apply to such Person&#146;s obligations under the
    Indenture and under the Series&#160;B notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    at the time of the transaction if any of the property or assets
    of the Company or any of its Restricted Subsidiaries would
    thereupon become subject to any Lien, the provisions of
    &#147;&#151;Certain Covenants&#151;<I>Limitation on
    Liens&#148;</I> are complied with; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    at the time of the transaction the Company or the Surviving
    Entity will have delivered, or caused to be delivered, to the
    Trustee, in form and substance reasonably satisfactory to the
    Trustee, an officers&#146; certificate and an opinion of
    counsel, each to the effect that such consolidation, merger,
    transfer, sale, assignment, conveyance, transfer, lease or other
    transaction and the supplemental indenture in respect thereof
    comply with the Indenture and that all conditions precedent
    therein provided for relating to such transaction have been
    complied with. (Section&#160;801)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">The
    Guarantors</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Guarantor will not, and the Company will not permit a
    Guarantor to, in a single transaction or through a series of
    related transactions, (1)&#160;consolidate with or merge with or
    into any other Person (other than the Company or any Guarantor);
    (2)&#160;sell, assign, convey, transfer, lease or otherwise
    dispose of all or substantially all of its properties and assets
    on a Consolidated basis to any Person or group of Persons (other
    than the Company or any Guarantor); or (3)&#160;permit any of
    its Restricted Subsidiaries to enter into any such transaction
    or series of transactions if such transaction or series of
    transactions, in the aggregate, would result in a sale,
    assignment, conveyance, transfer, lease or disposition of all or
    substantially all of the properties and
</DIV>
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    <BR>
    57
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    assets of the Guarantor and its Restricted Subsidiaries on a
    Consolidated basis to any other Person or group of Persons
    (other than the Company or any Guarantor), unless at the time
    and after giving effect thereto:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    either (a)&#160;the Guarantor will be the continuing entity, in
    the case of a consolidation or merger involving the Guarantor or
    (b)&#160;the Person (if other than the Guarantor) formed by such
    consolidation or into which such Guarantor is merged or the
    Person which acquires by sale, assignment, conveyance, transfer,
    lease or disposition all or substantially all of the properties
    and assets of the Guarantor and its Restricted Subsidiaries on a
    Consolidated basis (the &#147;Surviving Guarantor Entity&#148;)
    is duly organized and validly existing under the laws of the
    United States of America, any state thereof or the District of
    Columbia and such Person expressly assumes, by a supplemental
    indenture, in a form reasonably satisfactory to the Trustee, all
    the obligations of such Guarantor under its Guarantee of the
    Series&#160;B notes, the Indenture and the Registration Rights
    Agreement and such Guarantee, Indenture and Registration Rights
    Agreement (to the extent any obligations remain under the
    Registration Rights Agreements) will remain in full force and
    effect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    immediately before and immediately after giving effect to such
    transaction on a <I>pro forma</I> basis, no Default or Event of
    Default will have occurred and be continuing; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    at the time of the transaction such Guarantor or the Surviving
    Guarantor Entity will have delivered, or caused to be delivered,
    to the Trustee, in form and substance reasonably satisfactory to
    the Trustee, an officers&#146; certificate and an opinion of
    counsel, each to the effect that such consolidation, merger,
    transfer, sale, assignment, conveyance, lease or other
    transaction and the supplemental indenture in respect thereof
    comply with the Indenture and that all conditions precedent
    therein provided for relating to such transaction have been
    complied with.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, the foregoing limitations do not apply to any Guarantor
    whose Guarantee of the Series&#160;B notes is unconditionally
    released and discharged in accordance with paragraph
    (c)&#160;under the provisions of &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Issuances of Guarantees of and
    Pledges for Indebtedness</I>.&#148; (Section&#160;801)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of any transaction described in and complying with
    the conditions listed in the two immediately preceding
    subsections in which the Company or any Guarantor, as the case
    may be, is not the continuing corporation, the successor Person
    formed or remaining or to which such transfer, sale, assignment,
    conveyance, lease or other transaction is made shall succeed to,
    and be substituted for, and may exercise every right and power
    of, the Company or such Guarantor, as the case may be, under the
    Indenture, the Series&#160;B notes
    <FONT style="white-space: nowrap">and/or</FONT> the
    related Guarantees, as the case may be, and the Company or any
    Guarantor, as the case may be, shall be discharged from all
    obligations and covenants under the Indenture and the
    Series&#160;B notes or its Guarantee, as the case may be.
    (Section&#160;802)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Nothing in this covenant shall prohibit a merger or
    consolidation of the Company or any of the Guarantors into an
    Affiliate organized in the United States solely for the purpose
    of changing the entity&#146;s jurisdiction of organization.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Events of
    Default</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An Event of Default will occur under the Indenture if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    there shall be a default in the payment of any interest on any
    Series&#160;B note when it becomes due and payable, and such
    default shall continue for a period of 30&#160;days, whether or
    not prohibited by the subordination provisions of the Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    there shall be a default in the payment of the principal of (or
    premium, if any, on) any Series&#160;B note at its Maturity
    (upon acceleration, optional or mandatory redemption if any,
    required repurchase or otherwise), whether or not prohibited by
    the subordination provisions of the Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    (a)&#160;&#160;there shall be a default in the performance, or
    breach, of any covenant or agreement of the Company or any
    Guarantor under the Indenture or any Guarantee (other than a
    default in the
</TD>
</TR>
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</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    58
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    performance, or breach, of a covenant or agreement which is
    specifically dealt with in clause (1), (2)&#160;or in clause
    (b), (c)&#160;or (d)&#160;of this clause (3)) and such default
    or breach shall continue for a period of 60&#160;days after
    written notice (30&#160;days in the case of a default in the
    covenants described under &#147;&#151;Certain Covenants&#151;
    Limitation on Indebtedness&#148; or &#147;&#151;Limitation on
    Restricted Payments&#148;) has been given, by certified mail,
    (x)&#160;to the Company by the Trustee or (y)&#160;to the
    Company and the Trustee by the holders of at least 25% in
    aggregate principal amount of the outstanding Series&#160;B
    notes;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;&#160;there shall be a default in the performance or
    breach of the provisions described in &#147;&#151;Consolidation,
    Merger, Sale of Assets&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;&#160;the Company shall have failed to consummate an
    Offer in accordance with the provisions of &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Sale of Assets&#148;</I>; or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;&#160;the Company shall have failed to consummate a
    Change of Control Offer in accordance with the provisions of
    &#147;&#151;Purchase of Series&#160;B Notes&#160;Upon a Change
    of Control&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    one or more defaults, individually or in the aggregate, shall
    have occurred under any of the agreements, indentures or
    instruments under which the Company or any Restricted Subsidiary
    then has outstanding Indebtedness in excess of
    $35.0&#160;million in principal amount, individually or in the
    aggregate, and either (a)&#160;such default results from the
    failure to pay such Indebtedness at its stated final maturity or
    (b)&#160;such default or defaults resulted in the acceleration
    of the maturity of such Indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;
</TD>
    <TD align="left">
    any Guarantee shall for any reason ceases to be, or shall for
    any reason be asserted in writing by any Guarantor or the
    Company not to be, in full force and effect and enforceable in
    accordance with its terms, except to the extent contemplated by
    the Indenture and any such Guarantee, if such default continues
    for a period of 30&#160;days after written notice has been given
    (x)&#160;to the Company by the Trustee or (y)&#160;to the
    Company and the Trustee by the holders of not less than 25% in
    aggregate principal amount of the Series B notes then
    outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (6)&#160;
</TD>
    <TD align="left">
    one or more final judgments, orders or decrees (not subject to
    appeal) of any court or regulatory or administrative agency for
    the payment of money in excess of $35.0&#160;million, either
    individually or in the aggregate (exclusive of any portion of
    any such payment covered by insurance or indemnification), shall
    be rendered against the Company, any Guarantor or any Restricted
    Subsidiary or any of their respective properties and shall not
    be discharged or fully bonded and there shall have been a period
    of 60 consecutive days during which a stay of enforcement of
    such judgment or order, by reason of an appeal or otherwise,
    shall not be in effect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (7)&#160;
</TD>
    <TD align="left">
    there shall have been the entry by a court of competent
    jurisdiction of (a)&#160;a decree or order for relief in respect
    of the Company or any Significant Restricted Subsidiary in an
    involuntary case or proceeding under any applicable Bankruptcy
    Law or (b)&#160;a decree or order:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    adjudging the Company or any Significant Restricted Subsidiary
    bankrupt or insolvent;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    seeking reorganization, arrangement, adjustment or composition
    of or in respect of the Company or any Significant Restricted
    Subsidiary under any applicable federal or state law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    appointing a custodian, receiver, liquidator, assignee, trustee,
    sequestrator (or other similar official) of the Company or any
    Significant Restricted Subsidiary or of any substantial part of
    their respective properties; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    ordering the winding up or liquidation of their respective
    affairs, and any such decree or order for relief shall continue
    to be in effect, or any such other decree or order shall be
    unstayed and in effect, for a period of 60 consecutive days; or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (8)&#160;
</TD>
    <TD align="left">
    (a)&#160;&#160;the Company or any Significant Restricted
    Subsidiary commences a voluntary case or proceeding under any
    applicable Bankruptcy Law or any other case or proceeding to be
    adjudicated bankrupt or insolvent;
</TD>
</TR>

</TABLE>
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    <BR>
    59
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;&#160;the Company or any Significant Restricted
    Subsidiary consents to the entry of a decree or order for relief
    in respect of the Company or such Significant Restricted
    Subsidiary in an involuntary case or proceeding under any
    applicable Bankruptcy Law or to the commencement of any
    bankruptcy or insolvency case or proceeding against it;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;&#160;the Company or any Significant Restricted
    Subsidiary files a petition or answer or consent seeking
    reorganization or relief under any applicable federal or state
    law;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="5%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    the Company or any Significant Restricted Subsidiary
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="15%"></TD>
    <TD width="5%"></TD>
    <TD width="80%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    consents to the filing of such petition or the appointment of,
    or taking possession by, a custodian, receiver, liquidator,
    assignee, trustee, sequestrator or similar official of the
    Company or such Significant Restricted Subsidiary or of any
    substantial part of their respective properties;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    makes an assignment for the benefit of creditors; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    admits in writing its inability to pay its debts generally as
    they become due; or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;&#160;the Company or any Significant Restricted
    Subsidiary takes any corporate action in furtherance of any such
    actions in this paragraph (8). (Section&#160;501)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Result of Events of Default</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If an Event of Default (other than as specified in clauses
    (7)&#160;and (8)&#160;of the prior paragraph) shall occur and be
    continuing with respect to the Indenture, the Trustee or the
    holders of not less than 25% in aggregate principal amount of
    the Series B notes then outstanding may, and the Trustee at the
    request of such holders shall, declare all unpaid principal of,
    premium, if any, and accrued interest on all Series B notes to
    be due and payable immediately, by a notice in writing to the
    Company (and to the Trustee if given by the holders of the
    Series B notes). Upon any such declaration, such principal,
    premium, if any, and interest shall become due and payable
    immediately. If an Event of Default specified in clause
    (7)&#160;or (8)&#160;of the prior paragraph occurs and is
    continuing, then all the Series B notes shall <I>ipso facto</I>
    become and be due and payable immediately in an amount equal to
    the principal amount of the Series B notes, together with
    accrued and unpaid interest, if any, to the date the Series B
    notes become due and payable, without any declaration or other
    act on the part of the Trustee or any holder. Thereupon, the
    Trustee may, at its discretion, proceed to protect and enforce
    the rights of the holders of Series B notes by appropriate
    judicial proceedings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After a declaration of acceleration, but before a judgment or
    decree for payment of the money due has been obtained by the
    Trustee, the holders of a majority in aggregate principal amount
    of Series B notes outstanding by written notice to the Company
    and the Trustee, may rescind and annul such declaration and its
    consequences if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    the Company has paid or deposited with the Trustee a sum
    sufficient to pay
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    all sums paid or advanced by the Trustee under the Indenture and
    the reasonable compensation, expenses, disbursements and
    advances of the Trustee, its agents and counsel,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    all overdue interest on all Series B notes then outstanding,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the principal of and premium, if any, on any Series B notes then
    outstanding which have become due otherwise than by such
    declaration of acceleration and interest thereon at the rate
    borne by the Series B notes and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    to the extent that payment of such interest is lawful, interest
    upon overdue interest at the rate borne by the Series B notes;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the rescission would not conflict with any judgment or decree of
    a court of competent jurisdiction; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    all Events of Default, other than the non-payment of principal
    of, premium, if any, and interest on the Series B notes which
    have become due solely by such declaration of acceleration, have
    been
</TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    60
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    cured or waived as provided in the Indenture. No such rescission
    shall affect any subsequent default or impair any right
    consequent thereon. (Section&#160;502)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Waiver of Default by Noteholders</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of not less than a majority in aggregate principal
    amount of the Series B notes outstanding may on behalf of the
    holders of all outstanding Series B notes waive any existing or
    past default under the Indenture and its consequences, except a
    default (i)&#160;in the payment of the principal of, premium, if
    any, or interest on any Series B note, which may only be waived
    with the consent of each holder of Series B notes affected or
    (ii)&#160;in respect of a covenant or provision which under the
    Indenture cannot be modified or amended without the consent of
    the holder of each Series B note affected by such modification
    or amendment. (Section&#160;513)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Legal Rights of Noteholders</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No holder of any of the Series B notes has any right to
    institute any proceedings with respect to the Series B notes,
    the Indenture or any remedy thereunder, unless
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    such holder has previously given written notice to the trustee
    of a continuing Event of Default;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    the holders of at least 25% in aggregate principal amount of the
    outstanding Series B notes have made written request, and
    offered reasonable indemnity or furnished security, to the
    Trustee to institute such proceeding as Trustee under the Series
    B notes and the Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    the Trustee has failed to institute such proceeding within
    30&#160;days after receipt of such notice, request and offer
    (and if requested, provision) of indemnity or security; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    the Trustee, within such
    <FONT style="white-space: nowrap">30-day</FONT>
    period, has not received directions inconsistent with such
    written request by holders of a majority in aggregate principal
    amount of the outstanding Series B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such limitations do not, however, apply to a suit instituted by
    a holder of a Series&#160;B note for the enforcement of the
    payment of the principal of, premium, if any, or interest on
    such Series&#160;B note on or after the respective due dates
    expressed in such Series&#160;B note.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Notice to and Action of Trustees</I>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is required to notify the Trustee within five
    business days of the occurrence of any Default. The Company is
    required to deliver to the Trustee, on or before a date not more
    than 60&#160;days after the end of each fiscal quarter and not
    more than 120&#160;days after the end of each fiscal year, a
    written statement as to compliance with the Indenture, including
    whether or not any Default has occurred.
    (Section&#160;1020)&#160;The Trustee is under no obligation to
    exercise any of the rights or powers vested in it by the
    Indenture at the request or direction of any of the holders of
    the Series&#160;B notes unless such holders offer to the Trustee
    security or indemnity satisfactory to the Trustee against the
    costs, expenses and liabilities which might be incurred thereby.
    (Section&#160;603)
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Trust&#160;Indenture Act contains limitations on the rights
    of the Trustee, should it become a creditor of the Company or
    any Guarantor, if any, to obtain payment of claims in certain
    cases or to realize on certain property received by it in
    respect of any such claims, as security or otherwise. The
    Trustee is permitted to engage in other transactions,
    <I>provided</I> that if it acquires any conflicting interest it
    must eliminate such conflict upon the occurrence of an Event of
    Default or else resign.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">No
    Personal Liability of Directors, Officers, Employees, Members,
    Partners and Stockholders</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No director, officer, employee, member, partner or stockholder
    of the Company or any Guarantor, as such, will have any
    liability for any obligations of the Company or the Guarantors
    under the Series&#160;B notes, the Indenture, the Guarantees, or
    for any claim based on, in respect of, or by reason of, such
    obligations or their creation. Each holder of Series&#160;B
    notes by accepting a Series&#160;B note waives and releases all
    such liability. The waiver and release are part of the
    consideration for issuance of the Series&#160;B notes. The
    waiver may not be effective to waive liabilities under the
    federal securities laws.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    61
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Defeasance
    or Covenant Defeasance of Indenture</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company may, at its option and at any time, elect to have
    the obligations of the Company, any Guarantor and any other
    obligor upon the Series&#160;B notes discharged with respect to
    the outstanding Series&#160;B notes (&#147;defeasance&#148;).
    Such defeasance means that the Company, any such Guarantor and
    any other obligor under the Indenture shall be deemed to have
    paid and discharged the entire Indebtedness represented by the
    outstanding Series&#160;B notes, except for
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the rights of holders of such outstanding Series&#160;B notes to
    receive payments in respect of the principal of, premium, if
    any, and interest on such Series&#160;B notes when such payments
    are due,
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the Company&#146;s obligations with respect to the Series&#160;B
    notes concerning issuing temporary Series&#160;B notes,
    registration of Series&#160;B notes, mutilated, destroyed, lost
    or stolen Series&#160;B notes, and the maintenance of an office
    or agency for payment and money for security payments held in
    trust,
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the rights, powers, trusts, duties and immunities of the Trustee
    and
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    the defeasance provisions of the Indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the Company may, at its option and at any time,
    elect to have the obligations of the Company and any Guarantor
    released with respect to certain covenants that are described in
    the Indenture (&#147;covenant defeasance&#148;) and thereafter
    any omission to comply with such obligations shall not
    constitute a Default or an Event of Default with respect to the
    Series&#160;B notes. In the event covenant defeasance occurs,
    certain events (not including non-payment, bankruptcy and
    insolvency events) described under &#147;Events of Default&#148;
    will no longer constitute an Event of Default with respect to
    the Series&#160;B notes. (Sections&#160;401, 402 and 403)
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to exercise either defeasance or covenant defeasance,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the Company must irrevocably deposit with the Trustee, in trust,
    for the benefit of the holders of the Series&#160;B notes, cash
    in United States dollars, U.S. Government Obligations (as
    defined in the Indenture), or a combination thereof, in such
    amounts as will be sufficient, in the opinion of a nationally
    recognized firm of independent public accountants or a
    nationally recognized investment banking firm, to pay and
    discharge the principal of, premium, if any, and interest on the
    outstanding Series&#160;B notes on the Stated Maturity (or on
    any date after March&#160;15, 2014 (such date being referred to
    as the &#147;Defeasance Redemption&#160;Date&#148;), if at or
    prior to electing either defeasance or covenant defeasance, the
    Company has delivered to the Trustee an irrevocable notice to
    redeem all of the outstanding Series&#160;B notes on the
    Defeasance Redemption Date);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    in the case of defeasance, the Company shall have delivered to
    the Trustee an opinion of independent counsel in the United
    States stating that (A)&#160;the Company has received from, or
    there has been published by, the Internal Revenue Service a
    ruling or (B)&#160;since the Issue Date, there has been a change
    in the applicable federal income tax law, in either case to the
    effect that, and based thereon such opinion of independent
    counsel in the United States shall confirm that, the holders of
    the outstanding Series&#160;B notes will not recognize income,
    gain or loss for federal income tax purposes as a result of such
    defeasance and will be subject to federal income tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such defeasance had not occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    in the case of covenant defeasance, the Company shall have
    delivered to the Trustee an opinion of independent counsel in
    the United States to the effect that the holders of the
    outstanding Series&#160;B notes will not recognize income, gain
    or loss for federal income tax purposes as a result of such
    covenant defeasance and will be subject to federal income tax on
    the same amounts, in the same manner and at the same times as
    would have been the case if such covenant defeasance had not
    occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    no Default or Event of Default shall have occurred and be
    continuing on the date of such deposit or insofar as clauses
    (7)&#160;or (8)&#160;under the first paragraph under
    &#147;&#151;&#160;Events of Default&#148; are concerned, at any
    time during the period ending on the 91st day after the date of
    deposit (other
</TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    62
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    than a Default which results from the borrowing of amounts to
    finance the defeasance and which borrowing does not result in a
    breach or violation of, or constitute a default, under any other
    material agreement or instrument to which the Company or any
    Restricted Subsidiary is a party or to which it is bound);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    such defeasance or covenant defeasance shall not cause the
    Trustee for the Series&#160;B notes to have a conflicting
    interest as defined in the Indenture in violation of and for
    purposes of the Trust&#160;Indenture Act with respect to any
    other securities of the Company or any Guarantor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    such defeasance or covenant defeasance shall not result in a
    breach or violation of, or constitute a Default under, the
    Indenture or any other material agreement or instrument to which
    the Company, any Guarantor or any Restricted Subsidiary is a
    party or by which it is bound;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    such defeasance or covenant defeasance shall not result in the
    trust arising from such deposit constituting an investment
    company within the meaning of the Investment Company Act of
    1940, as amended, unless such trust shall be registered under
    such Act or exempt from registration thereunder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    the Company will have delivered to the Trustee an opinion of
    independent counsel in the United States to the effect that
    (assuming that no holder of any Series&#160;B notes would be
    considered an insider of the Company under any applicable
    bankruptcy or insolvency law and assuming no intervening
    bankruptcy or insolvency of the Company between the date of
    deposit and the 91st day following the deposit) after the 91st
    day following the deposit, the trust funds will not be subject
    to the effect of any applicable bankruptcy, insolvency,
    reorganization or similar laws affecting creditors&#146; rights
    generally;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    the Company shall have delivered to the Trustee an
    officers&#146; certificate stating that the deposit was not made
    by the Company with the intent of preferring the holders of the
    Series&#160;B notes or any Guarantee over the other creditors of
    the Company or any Guarantor with the intent of defeating,
    hindering, delaying or defrauding creditors of the Company, any
    Guarantor or others;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    no event or condition shall exist that would prevent the Company
    from making payments of the principal of, premium, if any, and
    interest on the Series&#160;B notes on the date of such deposit
    or at any time ending on the 91st day after the date of such
    deposit; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    the Company will have delivered to the Trustee an officers&#146;
    certificate and an opinion of independent counsel, each stating
    that all conditions precedent provided for relating to either
    the defeasance or the covenant defeasance, as the case may be,
    have been complied with. (Section&#160;404)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    and Discharge</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture will be discharged and will cease to be of further
    effect (except as to surviving rights of registration of
    transfer or exchange of the Series&#160;B notes as expressly
    provided for in the Indenture) as to all outstanding
    Series&#160;B notes under the Indenture when
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    either (i)&#160;all such Series&#160;B notes theretofore
    authenticated and delivered (except lost, stolen or destroyed
    Series&#160;B notes which have been replaced or paid or
    Series&#160;B notes whose payment has been deposited in trust or
    segregated and held in trust by the Company and thereafter
    repaid to the Company or discharged from such trust as provided
    for in the Indenture) have been delivered to the Trustee for
    cancellation or (ii)&#160;all Series&#160;B notes not
    theretofore delivered to the Trustee for cancellation
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="5%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    have become due and payable,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (y)&#160;
</TD>
    <TD align="left">
    will become due and payable at their Stated Maturity within one
    year, or
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    63
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="5%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (z)&#160;
</TD>
    <TD align="left">
    are to be called for redemption within one year under
    arrangements reasonably satisfactory to the Trustee for the
    giving of notice of redemption by the Trustee in the name, and
    at the expense, of the Company;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and the Company or any Guarantor has irrevocably deposited or
    caused to be deposited with the Trustee as trust funds in trust
    an amount in United States dollars sufficient to pay and
    discharge the entire Indebtedness on the Series&#160;B notes not
    theretofore delivered to the Trustee for cancellation, including
    the principal of, premium, if any, and accrued interest on such
    Series&#160;B notes at such Maturity, Stated Maturity or
    redemption date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the Company or any Guarantor has paid or caused to be paid all
    other sums payable under the Indenture by the Company and any
    Guarantor; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    the Company has delivered to the Trustee an officers&#146;
    certificate and an opinion of independent counsel in form and
    substance reasonably satisfactory to the Trustee each stating
    that (i)&#160;all conditions precedent under the Indenture
    relating to the satisfaction and discharge of such Indenture
    have been complied with and (ii)&#160;such satisfaction and
    discharge will not result in a breach or violation of, or
    constitute a default under, the Indenture or any other material
    agreement or instrument to which the Company, any Guarantor or
    any Restricted Subsidiary is a party or by which the Company,
    any Guarantor or any Restricted Subsidiary is bound.
    (Section&#160;1201)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Modifications
    and Amendments</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>With Noteholder Consent</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Modifications and amendments of the Indenture may be made by the
    Company, each Guarantor, if any, and the Trustee with the
    consent of the holders of not less than a majority in aggregate
    principal amount of the Series&#160;B notes then outstanding
    (including consents obtained in connection with a tender offer
    or exchange offer for Series&#160;B notes); <I>provided,
    however,</I> that no such modification or amendment may, without
    the consent of the holder of each outstanding Series&#160;B note
    affected thereby:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    change the Stated Maturity of the principal of, or any
    installment of interest on, or change to an earlier date any
    redemption date of, or waive a default in the payment of the
    principal of, premium, if any, or interest on, any such
    Series&#160;B note or reduce the principal amount thereof or the
    rate of interest thereon or any premium payable upon the
    redemption thereof, or change the coin or currency in which the
    principal of any such Series&#160;B note or any premium or the
    interest thereon is payable, or impair the right to institute
    suit for the enforcement of any such payment on or after the
    Stated Maturity thereof (or, in the case of redemption, on or
    after the redemption date);
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    amend, change or modify the obligation of the Company to make
    and consummate an Offer with respect to any Asset Sale or Asset
    Sales in accordance with &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Sale of Assets&#148;</I> or the
    obligation of the Company to make and consummate a Change of
    Control Offer in the event of a Change of Control in accordance
    with &#147;&#151;Purchase of Series&#160;B Notes&#160;Upon a
    Change of Control,&#148; including, in each case, amending,
    changing or modifying any definitions relating thereto, but only
    to the extent such definitions relate thereto;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    reduce the percentage in principal amount of such outstanding
    Series&#160;B notes, the consent of whose holders is required
    for any such supplemental indenture, or the consent of whose
    holders is required for any waiver or compliance with certain
    provisions of the Indenture;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    modify any of the provisions relating to supplemental indentures
    requiring the consent of holders or relating to the waiver of
    past defaults or relating to the waiver of certain covenants,
    except to increase the percentage of such outstanding
    Series&#160;B notes required for any such actions or to provide
    that certain other provisions of the Indenture cannot be
    modified or waived without the consent of the holder of each
    such Series&#160;B note affected thereby;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    64
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    except as otherwise permitted under &#147;&#151;Consolidation,
    Merger, Sale of Assets,&#148; consent to the assignment or
    transfer by the Company or any Guarantor of any of its rights
    and obligations under the Indenture; or
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    amend or modify any of the provisions of the Indenture that
    subordinates the Series&#160;B notes issued under the Indenture
    in right of payment to any other Indebtedness of the Company or
    which subordinates any Guarantee in right of payment to any
    other Indebtedness of the Guarantor issuing such Guarantee.
    (Section&#160;902)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Without Noteholder Consent</I>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, without the consent of any
    holders of the Series&#160;B notes, the Company, any Guarantor,
    any other obligor under the Series&#160;B notes and the Trustee
    may modify or amend the Indenture:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    to evidence the succession of another Person to the Company or a
    Guarantor or any other obligor upon the Series&#160;B notes, and
    the assumption by any such successor of the covenants of the
    Company or such Guarantor or obligor in the Indenture and in the
    Series&#160;B notes and in any Guarantee in accordance with
    &#147;&#151;&#160;Consolidation, Merger, Sale of Assets;&#148;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    to add to the covenants of the Company, any Guarantor or any
    other obligor upon the Series&#160;B notes for the benefit of
    the holders of the Series&#160;B notes or to surrender any right
    or power conferred upon the Company or any Guarantor or any
    other obligor upon the Series&#160;B notes, as applicable, in
    the Indenture, in the Series&#160;B notes or in any Guarantee;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    to cure any ambiguity, or to correct or supplement any provision
    in the Indenture or in any supplemental indenture, the
    Series&#160;B notes or any Guarantee which may be defective or
    inconsistent with any other provision in the Indenture, the
    Series&#160;B notes or any Guarantee or to make any other
    provisions with respect to matters or questions arising under
    the Indenture, the Series&#160;B notes or any Guarantee;
    <I>provided</I> that, in each case, such provisions shall not
    adversely affect the interest of the holders of the
    Series&#160;B notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    to conform the text of the Indenture, the Series&#160;B notes or
    any Guarantee to any provision of this &#147;Description of
    Notes;&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    to comply with the requirements of the Commission in order to
    effect or maintain the qualification of the Indenture under the
    Trust&#160;Indenture Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (f)&#160;
</TD>
    <TD align="left">
    to add a Guarantor under the Indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (g)&#160;
</TD>
    <TD align="left">
    to evidence and provide the acceptance of the appointment of a
    successor Trustee under the Indenture; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (h)&#160;
</TD>
    <TD align="left">
    to mortgage, pledge, hypothecate or grant a security interest in
    favor of the Trustee for the benefit of the holders of the
    Series&#160;B notes as additional security for the payment and
    performance of the Company&#146;s and any Guarantor&#146;s
    obligations under the Indenture, in any property, or assets,
    including any of which are required to be mortgaged, pledged or
    hypothecated, or in which a security interest is required to be
    granted to the Trustee pursuant to the Indenture or otherwise.
    (Section&#160;901)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of a majority in aggregate principal amount of the
    Series&#160;B notes outstanding may waive compliance with
    certain restrictive covenants and provisions of the Indenture.
    (Section&#160;1021)
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture, the Series&#160;B notes and any Guarantee will be
    governed by, and construed in accordance with, the laws of the
    State of New York, without giving effect to the conflicts of law
    principles thereof.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    65
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustee</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Indenture contains certain limitations on the rights of the
    Trustee, should it become a creditor of the Company, to obtain
    payment of claims in certain cases, or to realize on certain
    property received in respect of any such claim as security or
    otherwise. The Trustee will be permitted to engage in other
    transactions; however, if it acquires any conflicting interest
    it must eliminate such conflict within 90&#160;days, apply to
    the Commission for permission to continue as Trustee with such
    conflict or resign as Trustee. (Sections&#160;608 and 611)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of a majority in principal amount of the then
    outstanding Series&#160;B notes will have the right to direct
    the time, method and place of conducting any proceeding for
    exercising any remedy available to the Trustee, subject to
    certain exceptions. The Indenture provides that in case an Event
    of Default occurs, which has not been cured, the Trustee will be
    required, in the exercise of its power, to use the degree of
    care of a prudent man in the conduct of his own affairs. Subject
    to such provisions, the Trustee will be under no obligation to
    exercise any of its rights or powers under the Indenture at the
    request of any holder of Series&#160;B notes unless such holder
    shall have offered to the Trustee security and indemnity
    satisfactory to it against any loss, liability or expense.
    (Sections&#160;512, 601 and 603)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Trustee is also the trustee under the indentures governing
    the 8.625% Notes, our 4.25% Convertible Senior Subordinated
    Notes due 2015 and our 5.0% Convertible Senior Notes due 2029.
    We may establish banking or other relationships in the ordinary
    course of business with the Trustee and its affiliates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;8.625% Notes&#148; means our 8.625% Senior Subordinated
    Notes due 2013.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Acquired Indebtedness&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Indebtedness of a Person existing at the time such Person
    becomes a Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Indebtedness of any other Person existing at the time such other
    Person is merged with or into or becomes a Restricted Subsidiary
    of such specified Person; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    Indebtedness of a Person assumed in connection with the
    acquisition of assets from such Person,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in each case, other than Indebtedness incurred in connection
    with, or in contemplation of, such Person becoming a Restricted
    Subsidiary or such acquisition, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Acquired Indebtedness shall be deemed to be incurred on the date
    of the related acquisition of assets from any Person or the date
    the acquired Person becomes a Restricted Subsidiary, as the case
    may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Affiliate&#148; means, with respect to any specified
    Person:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    any other Person directly or indirectly controlling or
    controlled by or under direct or indirect common control with
    such specified Person;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    any other Person that owns, directly or indirectly, ten percent
    or more of such specified Person&#146;s Capital Stock or any
    officer or director of any such specified Person or other Person
    or, with respect to any natural Person, any person having a
    relationship with such Person by blood, marriage or adoption not
    more remote than first cousin; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    any other Person, ten percent or more of the Voting Stock of
    which is beneficially owned or held directly or indirectly by
    such specified Person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the purposes of this definition, &#147;control&#148; when
    used with respect to any specified Person means the power to
    direct the management and policies of such Person, directly or
    indirectly, whether through ownership of voting securities, by
    contract or otherwise; and the terms &#147;controlling&#148; and
    &#147;controlled&#148; have meanings correlative to the
    foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Applicable Premium&#148; means, with respect to any note
    on any redemption date, the greater of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    1.0% of the principal amount of the Series&#160;B note; or
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    66
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the excess of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    the present value at such redemption date of (1)&#160;the
    redemption price of the Series&#160;B note at March&#160;15,
    2014 (such redemption price being set forth in the table
    appearing above under the caption &#147;&#151;Optional
    Redemption&#148;), plus (2)&#160;all required interest payments
    due on the Series&#160;B note through March&#160;15, 2014
    (excluding accrued but unpaid interest to the redemption date),
    computed using a discount rate equal to the Treasury Rate as of
    such redemption date, plus 50 basis points; over
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the principal amount of the Series&#160;B note.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Asset Sale&#148; means any sale, issuance, conveyance,
    transfer, lease or other disposition, including, without
    limitation, by way of merger, consolidation or sale and
    leaseback transaction (collectively, a &#147;transfer&#148;),
    directly or indirectly, in one or a series of related
    transactions, of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    any Capital Stock of any Restricted Subsidiary (other than
    directors&#146; qualifying shares and transfers of Capital Stock
    required by a Manufacturer to the extent the Company does not
    receive cash or Cash Equivalents for such Capital Stock);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    all or substantially all of the properties and assets of any
    division or line of business of the Company or any Restricted
    Subsidiary; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    any other properties or assets of the Company or any Restricted
    Subsidiary other than in the ordinary course of business.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the purposes of this definition, the term &#147;Asset
    Sale&#148; shall not include any transfer of properties and
    assets:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    that is governed by the provisions described under
    &#147;&#151;Consolidation, Merger, Sale of Assets,&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    that is by the Company to any Restricted Subsidiary, or by any
    Restricted Subsidiary to the Company or any Restricted
    Subsidiary in accordance with the terms of the Indenture,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (C)&#160;
</TD>
    <TD align="left">
    that is of obsolete equipment,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (D)&#160;
</TD>
    <TD align="left">
    that consists of defaulted receivables for collection or any
    sale, transfer or other disposition of defaulted receivables for
    collection,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (E)&#160;
</TD>
    <TD align="left">
    the Fair Market Value of which in the aggregate does not exceed
    $5.0&#160;million in any transaction or series of related
    transactions, or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (F)&#160;
</TD>
    <TD align="left">
    any Restricted Payment permitted under the caption
    &#147;&#151;Certain Covenants&#151;<I>Limitation on Restricted
    Payments.&#148;</I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Average Life to Stated Maturity&#148; means, as of the
    date of determination with respect to any Indebtedness, the
    quotient obtained by dividing (i)&#160;the sum of the products
    of (a)&#160;the number of years from the date of determination
    to the date or dates of each successive scheduled principal
    payment of such Indebtedness multiplied by (b)&#160;the amount
    of each such principal payment by (ii)&#160;the sum of all such
    principal payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Bankruptcy Law&#148; means Title&#160;11, United States
    Bankruptcy Code of 1978, as amended, or any similar United
    States federal or state law or foreign law relating to the
    bankruptcy, insolvency, receivership, winding up, liquidation,
    reorganization or relief of debtors or any amendment to,
    succession to or change in any such law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Board of Directors&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    with respect to a corporation, the board of directors of the
    corporation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    with respect to a partnership, the board of directors (or
    committee of such person serving a similar function) of the
    general partner of the partnership; and
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    67
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    with respect to any other Person, the board or committee of such
    Person serving a similar function.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Capital Lease Obligation&#148; of any Person means any
    obligation of such Person and its Subsidiaries on a Consolidated
    basis under any capital lease of real or personal property
    which, in accordance with GAAP, is required to be recorded as a
    capitalized lease obligation on the books of the lessee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Capital Stock&#148; of any Person means any and all
    shares, interests, participations, rights in or other
    equivalents, however designated, of such Person&#146;s capital
    stock or other equity interests whether now outstanding or
    issued after the Issue Date, including limited liability company
    interests, partnership interests (whether general or limited),
    any other interest or participation that confers on a Person
    that right to receive a share of the profits and losses of, or
    distributions of assets of (other than a distribution in respect
    of Indebtedness), the issuing Person, including any Preferred
    Stock and any rights (other than debt securities convertible
    into Capital Stock), warrants or options exchangeable for or
    convertible into such Capital Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Cash Equivalents&#148; means
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    marketable direct obligations, maturing not more than one year
    after the date of acquisition, issued by the United States of
    America, or an instrumentality or agency thereof, and guaranteed
    fully as to principal, premium, if any, and interest by the
    United States of America,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    any certificate of deposit, maturing not more than one year
    after the date of acquisition, issued by a commercial banking
    institution that is a member of the Federal Reserve System and
    that has combined capital and surplus and undivided profits of
    not less than $500&#160;million, whose debt has a rating, at the
    time as of which any investment therein is made, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s Investors Service, Inc.
    (&#147;Moody&#146;s&#148;) or any successor rating agency or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to Standard&#160;&#038; Poor&#146;s Rating
    Services, a division of The McGraw Hill Companies, Inc.
    (&#147;S&#038;P&#148;), or any successor rating agency,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    commercial paper, maturing not more than 270&#160;days after the
    date of acquisition, issued by a corporation (other than an
    Affiliate or Subsidiary of the Company) organized and existing
    under the laws of the United States of America with a rating, at
    the time as of which any investment therein is made, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to S&#038;P, and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    any money market deposit accounts issued or offered by a
    domestic commercial bank having capital and surplus in excess of
    $500&#160;million; <I>provided</I> that the short term debt of
    such commercial bank has a rating, at the time of Investment, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to S&#038;P.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Change of Control&#148; means the occurrence of any of the
    following events:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    any &#147;person&#148; or &#147;group&#148; within the meaning
    of Section&#160;13(d)(3) of the Exchange Act, other than us, our
    subsidiaries, a Permitted Holder or our or their employee
    benefit plans, is or becomes the direct or indirect
    &#147;beneficial owner&#148; (as defined in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act) of shares of the Company&#146;s
    Class&#160;A common stock representing more than 35% of the
    voting power of the Company&#146;s capital stock entitled to
    vote generally in the election of members of the Company&#146;s
    Board of Directors (as evidenced, if we have a class of equity
    securities registered pursuant to Sections 12(b) or 12(g) of the
    Exchange Act, by such person or group filing a Schedule&#160;TO
    or any schedule, form or report under the Exchange Act
    disclosing that such person or group has become the direct or
    indirect holder of such Class&#160;A common stock);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the first day on which a majority of the members of the Board of
    Directors of the Company are not Continuing Directors;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the adoption of a plan relating to the liquidation or
    dissolution of the Company; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    consummation of (A)&#160;any recapitalization, reclassification
    or change of the Company&#146;s common stock (other than changes
    resulting from a subdivision or combination) as a result of
    which the
</TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    68
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    Company&#146;s common stock would be converted into, or
    exchanged for, stock, other securities, other property or assets
    or (B)&#160;any consolidation, merger or binding share exchange,
    or any conveyance, transfer, sale, lease or other disposition of
    all or substantially all of the properties or assets of the
    Company and its Restricted Subsidiaries, taken as a whole, to
    any person, other than:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    any transaction:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="16%"></TD>
    <TD width="4%"></TD>
    <TD width="80%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    that does not result in any reclassification, conversion,
    exchange or cancellation of outstanding shares of the
    Company&#146;s capital stock; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    pursuant to which holders of the Company&#146;s capital stock
    immediately prior to the transaction have the entitlement to
    exercise, directly or indirectly, 50% or more of the total
    voting power of all shares of capital stock entitled to vote
    generally in elections of directors of the continuing or
    surviving or successor person immediately after giving effect to
    such issuance; or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    any merger, share exchange, transfer of assets or similar
    transaction solely for the purpose of changing the
    Company&#146;s jurisdiction of incorporation and resulting in a
    reclassification, conversion or exchange of outstanding shares
    of common stock, if at all, solely into shares of common stock,
    ordinary shares or American Depositary Shares of the surviving
    entity or a direct or indirect parent of the surviving
    corporation; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    any consolidation or merger with or into any of the
    Company&#146;s Subsidiaries, so long as such merger or
    consolidation is not part of a plan or a series of transactions
    designed to or having the effect of merging or consolidating
    with any other person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Commission&#148; means the Securities and Exchange
    Commission, as from time to time constituted, created under the
    Exchange Act, or if at any time after the execution of the
    Indenture such Commission is not existing and performing the
    duties now assigned to it under the Securities Act, Exchange Act
    and Trust&#160;Indenture Act then the body performing such
    duties at such time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Commodity Price Protection Agreement&#148; means any
    forward contract, commodity swap, commodity option or other
    similar financial agreement or arrangement relating to, or the
    value of which is dependent upon, fluctuations in commodity
    prices.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Company&#148; means Sonic Automotive, Inc., a corporation
    incorporated under the laws of Delaware, until a successor
    Person shall have become such pursuant to the applicable
    provisions of the Indenture, and thereafter &#147;Company&#148;
    shall mean such successor Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Fixed Charge Coverage Ratio&#148; of any
    Person means, for any period, the ratio of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="5%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    without duplication, the sum of Consolidated Net Income (Loss),
    and in each case to the extent deducted in computing
    Consolidated Net Income (Loss) for such period, Consolidated
    Interest Expense, Consolidated Income Tax Expense and
    Consolidated Non-cash Charges for such period, of such Person
    and its Restricted Subsidiaries on a Consolidated basis, all
    determined in accordance with GAAP, less all noncash items
    increasing Consolidated Net Income for such period and less all
    cash payments during such period relating to noncash charges
    that were added back to Consolidated Net Income in determining
    the Consolidated Fixed Charge Coverage Ratio in any prior period
    to
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    the sum of Consolidated Interest Expense for such period and
    cash and noncash dividends paid on any Preferred Stock of such
    Person during such period, in each case after giving <I>pro
    forma</I> effect to
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the incurrence of the Indebtedness giving rise to the need to
    make such calculation and (if applicable) the application of the
    net proceeds therefrom, including to refinance other
    Indebtedness, as if such Indebtedness was incurred, and the
    application of such proceeds occurred, on the first day of such
    period;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    69
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the incurrence, repayment or retirement of any other
    Indebtedness by the Company and its Restricted Subsidiaries
    since the first day of such period as if such Indebtedness was
    incurred, repaid or retired at the beginning of such period
    (except that, in making such computation, the amount of
    Indebtedness under any revolving credit facility shall be
    computed based upon the average daily balance of such
    Indebtedness during such period);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    in the case of Acquired Indebtedness or any acquisition
    occurring at the time of the incurrence of such Indebtedness,
    the related acquisition, assuming such acquisition had been
    consummated on the first day of such period; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    any acquisition or disposition by the Company and its Restricted
    Subsidiaries of any company or any business or any assets out of
    the ordinary course of business, whether by merger, stock
    purchase or sale or asset purchase or sale, or any related
    repayment of Indebtedness, in each case since the first day of
    such period, assuming such acquisition or disposition had been
    consummated on the first day of such period;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I> that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    in making such computation, the Consolidated Interest Expense
    attributable to interest on any Indebtedness computed on a
    <I>pro forma</I> basis and (A)&#160;bearing a floating interest
    rate shall be computed as if the rate in effect on the date of
    computation had been the applicable rate for the entire period
    (subject to any applicable Interest Rate Agreement) and
    (B)&#160;which was not outstanding during the period for which
    the computation is being made but which bears, at the option of
    such Person, a fixed or floating rate of interest, shall be
    computed by applying at the option of such Person either the
    fixed or floating rate and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    in making such computation, the Consolidated Interest Expense of
    such Person attributable to interest on any Indebtedness under a
    revolving credit facility computed on a <I>pro forma</I> basis
    shall be computed based upon the average daily balance of such
    Indebtedness during the applicable period.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Income Tax Expense&#148; of any Person means,
    for any period, the provision for federal, state, local and
    foreign income taxes of such Person and its Consolidated
    Restricted Subsidiaries for such period as determined in
    accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Interest Expense&#148; of any Person means,
    without duplication, for any period, the sum of
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    the interest expense of such Person and its Restricted
    Subsidiaries for such period, on a Consolidated basis (other
    than any interest expense related to any Inventory Facility),
    including, without limitation,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="6%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    amortization of debt discount,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the net cash costs associated with Interest Rate Agreements,
    Currency Hedging Agreements and Commodity Price Protection
    Agreements (including amortization of discounts),
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    the interest portion of any deferred payment obligation,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    all commissions, discounts and other fees and charges owed with
    respect to letters of credit and bankers acceptance financing and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    accrued interest; plus
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    (i)&#160;the interest component of the Capital Lease Obligations
    paid, accrued
    <FONT style="white-space: nowrap">and/or</FONT>
    scheduled to be paid or accrued by such Person and its
    Restricted Subsidiaries during such period and (ii)&#160;all
    capitalized interest of such Person and its Restricted
    Subsidiaries; plus
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    the interest expense under any Guaranteed Debt of such Person
    and any Restricted Subsidiary or secured by a Lien on assets of
    such Person or its Restricted Subsidiary to the extent not
    included under clause (a)(v) above, whether or not paid by such
    Person or its Restricted Subsidiaries
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    70
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    but excluding, in the case of (a), (b)&#160;and (c), the
    amortization or write-off of deferred financing costs, any
    non-cash interest expense under the Series&#160;A and
    Series&#160;B notes or refinancings thereof or derivatives
    related thereto and non-cash imputed interest related to
    disposition accruals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Net Income (Loss)&#148; of any Person means,
    for any period, the Consolidated net income (or loss) of such
    Person and its Restricted Subsidiaries for such period on a
    Consolidated basis as determined in accordance with GAAP,
    adjusted, to the extent included in calculating such net income
    (or loss), by excluding, without duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    all extraordinary gains or losses net of taxes (less all fees
    and expenses relating thereto),
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    the portion of net income (or loss) of such Person and its
    Restricted Subsidiaries on a Consolidated basis allocable to
    minority interests in unconsolidated Persons or Unrestricted
    Subsidiaries to the extent that cash dividends or distributions
    have not actually been received by such Person or one of its
    Consolidated Restricted Subsidiaries,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    net income (or loss) of any Person combined with such Person or
    any of its Restricted Subsidiaries on a &#147;pooling of
    interests&#148; basis attributable to any period prior to the
    date of combination,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    any gain or loss, net of taxes, realized upon the termination of
    any employee pension benefit plan,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    gains or losses, net of taxes (less all fees and expenses
    relating thereto), in respect of dispositions of assets other
    than in the ordinary course of business,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    the net income of any Restricted Subsidiary to the extent that
    the declaration of dividends or similar distributions by that
    Restricted Subsidiary of that income is not at the time
    permitted, directly or indirectly, by operation of the terms of
    its charter or any agreement, instrument, judgment, decree,
    order, statute, rule or governmental regulation applicable to
    that Restricted Subsidiary or its stockholders,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    any restoration to net income of any contingency reserve, except
    to the extent provision for such reserve was made out of income
    accrued at any time following the Issue Date,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    any net gain arising from the acquisition of any securities or
    extinguishment, under GAAP, of any Indebtedness of such Person,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    any net gain or loss arising from the cumulative effect of
    changes to GAAP,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    any non-cash charge related to the issuance of the notes or the
    repurchase, redemption, or other acquisition, renewal,
    extension, substitution, refunding, refinancing, replacement or
    retirement for value of any Indebtedness or any cancellation of
    Indebtedness income,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    any asset impairment charge or goodwill impairment charge, or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xii)&#160;
</TD>
    <TD align="left">
    any non-cash charge related to employee benefit or management
    compensation plans of the Company or any Restricted Subsidiary
    or any non-cash compensation charge arising from any grant of
    stock, stock options or other equity-based awards for the
    benefit of the members of the Board of Directors of the Company
    or employees of the Company and its Restricted Subsidiaries
    (other than in each case any non-cash charge to the extent that
    it represents an accrual of or reserve for cash expenses in any
    future period or amortization of a prepaid cash expense incurred
    in a prior period).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Non-cash Charges&#148; of any Person means,
    for any period, the aggregate depreciation, amortization and
    other non-cash charges of such Person and its Subsidiaries on a
    Consolidated basis for such period, as determined in accordance
    with GAAP, excluding any non-cash charge which requires an
    accrual or reserve for cash charges for any future period.
</DIV>
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    <BR>
    71
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidated Tangible Assets&#148; of any Person means
    (a)&#160;all amounts that would be shown as assets on a
    Consolidated balance sheet of such Person and its Restricted
    Subsidiaries prepared in accordance with GAAP, less (b)&#160;the
    amount thereof constituting goodwill and other intangible assets
    as calculated in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Consolidation&#148; means, with respect to any Person, the
    consolidation of the accounts of such Person and each of its
    Subsidiaries if and to the extent the accounts of such Person
    and each of its Subsidiaries would normally be consolidated with
    those of such Person, all in accordance with GAAP. The term
    &#147;Consolidated&#148; shall have a similar meaning.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Continuing Directors&#148; means, as of any date of
    determination, any member of the Board of Directors of the
    Company who:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    was a member of the Board of Directors of the Company on the
    date of the Indenture; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    was nominated for election or elected to the Board of Directors
    of the Company with the approval of, or whose election to the
    Company&#146;s Board of Directors was ratified by, at least a
    majority of the Continuing Directors who were members of the
    Board of Directors of the Company at the time of such nomination
    or election.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Credit Facility&#148; means, collectively, (i)&#160;the
    Amended and Restated Credit Agreement dated January&#160;15,
    2010 among the Company, Bank of America, N.A., as administrative
    agent, Bank of America, N.A., as Swing Line Lender, Bank of
    America, N.A., DCFS USA LLC, BMW Financial Services NA, LLC,
    Toyota Motor Credit Corporation, JPMorgan Chase Bank, N.A.,
    Wachovia Bank, National Association, Comerica Bank and World
    Omni Financial Corp., as Lenders and Wells Fargo Bank, National
    Association and Bank of America, N.A., as LC issuers and
    (ii)&#160;whether or not the credit agreement referred to in
    clause (i)&#160;remains outstanding, if designated by the
    Company in writing to the Trustee to be included in the
    definition of &#147;Credit Facility,&#148; one or more
    (A)&#160;debt facilities or commercial paper facilities,
    providing for revolving credit loans, term loans, securitization
    financings (including through the sale of receivables to lenders
    or to special purpose entities formed to borrow from lenders
    against such receivables) or letters of credit, (B)&#160;debt
    securities, indentures or other forms of debt financing
    (including convertible or exchangeable debt instruments or bank
    guarantees or bankers&#146; acceptances), or
    (C)&#160;instruments or agreements evidencing any other
    Indebtedness, in each case, with the same or different
    borrowers, guarantors or issuers or lenders or group of lenders,
    and, in the case of (i)&#160;and (ii), each as from time to time
    amended, supplemented, restated, amended and restated, waived,
    replaced (whether or not upon termination, and whether with the
    original lenders or otherwise), restructured, refunded,
    refinanced or otherwise modified from time to time, including
    any agreement or indenture extending the maturity thereof,
    refinancing, replacing or otherwise restructuring all or any
    portion of the Indebtedness under such agreement or agreements
    or indenture or indentures or any successor or replacement
    agreement or agreements or indenture or indentures or increasing
    the amount loaned or issued thereunder or altering the maturity
    thereof).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Currency Hedging Agreements&#148; means one or more of the
    following agreements which shall be entered into by one or more
    financial institutions: foreign exchange contracts, currency
    swap agreements or other similar agreements or arrangements
    designed to protect against the fluctuations in currency values.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Default&#148; means any event which is, or after notice or
    passage of any time or both would be, an Event of Default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Designated Noncash Consideration&#148; means the Fair
    Market Value of non-cash consideration received by the Company
    or any of its Restricted Subsidiaries in connection with an
    Asset Sale that is so designated pursuant to an officer&#146;s
    certificate, setting forth the basis of the valuation. The
    aggregate Fair Market Value of the Designated Noncash
    Consideration, taken together with the Fair Market Value at the
    time of receipt of all other Designated Noncash Consideration
    received to the date thereof and then held by the Company or a
    Restricted Subsidiary, may not exceed $25.0&#160;million in the
    aggregate outstanding at any one time (with the Fair Market
    Value being measured at the time received and without giving
    effect to subsequent changes in value).
</DIV>
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    <BR>
    72
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Disinterested Director&#148; means, with respect to any
    transaction or series of related transactions, a member of the
    Board of Directors of the Company who does not have any material
    direct or indirect financial interest in or with respect to such
    transaction or series of related transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Exchange Act&#148; means the Securities Exchange Act of
    1934, as amended, or any successor statute, and the rules and
    regulations promulgated by the Commission thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Fair Market Value&#148; means, with respect to any asset
    or property, the sale value that would be obtained in an
    arm&#146;s-length free market transaction between an informed
    and willing seller under no compulsion to sell and an informed
    and willing buyer under no compulsion to buy. Fair Market Value
    shall be determined by the Board of Directors of the Company
    acting in good faith and shall be evidenced by a resolution of
    the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Generally Accepted Accounting Principles&#148; or
    &#147;GAAP&#148; means generally accepted accounting principles
    in the United States, consistently applied, which (i)&#160;for
    the purpose of determining compliance with the covenants
    contained in the Indenture were in effect as of the Issue Date
    and (ii)&#160;for purposes of complying with the reporting
    requirements contained in the Indenture are in effect from time
    to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Guarantee&#148; means the guarantee by any Guarantor of
    the Company&#146;s Indenture Obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Guaranteed Debt&#148; of any Person means, without
    duplication, all Indebtedness of any other Person referred to in
    the definition of Indebtedness guaranteed directly or indirectly
    in any manner by such Person, or in effect guaranteed directly
    or indirectly by such Person through an agreement:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    to pay or purchase such Indebtedness or to advance or supply
    funds for the payment or purchase of such Indebtedness,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    to purchase, sell or lease (as lessee or lessor) property, or to
    purchase or sell services, primarily for the purpose of enabling
    the debtor to make payment of such Indebtedness or to assure the
    holder of such Indebtedness against loss,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    to supply funds to, or in any other manner invest in, the debtor
    (including any agreement to pay for property or services without
    requiring that such property be received or such services be
    rendered),
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    to maintain working capital or equity capital of the debtor, or
    otherwise to maintain the net worth, solvency or other financial
    condition of the debtor or to cause such debtor to achieve
    certain levels of financial performance or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    otherwise to assure a creditor against loss;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I> that the term &#147;guarantee&#148; shall not
    include endorsements for collection or deposit, in either case
    in the ordinary course of business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Guarantor&#148; means any Subsidiary which is a guarantor
    of the Series&#160;B notes, including any Person that is
    required to execute a guarantee of the Series&#160;B notes
    pursuant to &#147;&#151;Certain Covenants&#151;<I>Limitation on
    Liens</I>&#148; or &#147;&#151;<I>Limitation on Issuance of
    Guarantees of and Pledges for Indebtedness</I>&#148; covenant
    until a successor replaces such party pursuant to the applicable
    provisions of the Indenture and, thereafter, shall mean such
    successor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Indebtedness&#148; means, with respect to any Person,
    without duplication,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    all indebtedness of such Person for borrowed money or for the
    deferred purchase price of property or services, excluding any
    trade payables and other accrued current liabilities arising in
    the ordinary course of business, but including, without
    limitation, all obligations, contingent or otherwise, of such
    Person in connection with any letters of credit issued under
    letter of credit facilities, acceptance facilities or other
    similar facilities,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    all obligations of such Person evidenced by bonds, notes,
    debentures or other similar instruments,
</TD>
</TR>

</TABLE>
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    <BR>
    73
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    all indebtedness created or arising under any conditional sale
    or other title retention agreement with respect to property
    acquired by such Person (even if the rights and remedies of the
    seller or lender under such agreement in the event of default
    are limited to repossession or sale of such property), but
    excluding trade payables arising in the ordinary course of
    business,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    all net obligations of such Person under Interest Rate
    Agreements, Currency Hedging Agreements or Commodity Price
    Protection Agreements of such Person,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    all Capital Lease Obligations of such Person,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    all Indebtedness referred to in clauses (i)&#160;through
    (v)&#160;above of other Persons and all dividends of other
    Persons, the payment of which is secured by (or for which the
    holder of such Indebtedness has an existing right, contingent or
    otherwise, to be secured by) any Lien, upon or with respect to
    property, including, without limitation, accounts and contract
    rights owned by such Person, even though such Person has not
    assumed or become liable for the payment of such Indebtedness,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    all Guaranteed Debt of such Person,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    all Redeemable Capital Stock issued by such Person valued at the
    greater of its voluntary or involuntary maximum fixed repurchase
    price plus accrued and unpaid dividends,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    Preferred Stock of any Restricted Subsidiary of the Company
    which is not a Guarantor and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    any amendment, supplement, modification, deferral, renewal,
    extension, refunding or refinancing of any liability of the
    types referred to in clauses (i)&#160;through (ix)&#160;above.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes hereof, the &#147;maximum fixed repurchase
    price&#148; of any Redeemable Capital Stock which does not have
    a fixed repurchase price shall be calculated in accordance with
    the terms of such Redeemable Capital Stock as if such Redeemable
    Capital Stock were purchased on any date on which Indebtedness
    shall be required to be determined pursuant to the Indenture,
    and if such price is based upon, or measured by, the Fair Market
    Value of such Redeemable Capital Stock, such Fair Market Value
    to be determined in good faith by the Board of Directors of the
    issuer of such Redeemable Capital Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Indenture Obligations&#148; means the obligations of the
    Company and any other obligor under the Indenture or under the
    Series&#160;B notes, including any Guarantor, to pay principal
    of, premium, if any, and interest when due and payable and any
    post-petition interest, and all other amounts due or to become
    due under or in connection with the Indenture, the Series&#160;B
    notes and the performance of all other obligations to the
    Trustee and the holders under the Indenture and the
    Series&#160;B notes, according to the respective terms thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Interest Rate Agreements&#148; means one or more of the
    following agreements which shall be entered into by one or more
    financial institutions: interest rate protection agreements
    (including, without limitation, interest rate swaps, caps,
    floors, collars and similar agreements)
    <FONT style="white-space: nowrap">and/or</FONT> other
    types of interest rate hedging agreements from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Inventory Facility&#148; means (i)&#160;the Syndicated New
    and Used Vehicle Floorplan Credit Agreement dated
    January&#160;15, 2010 among the Company, as Used Vehicle
    Borrower, certain Subsidiaries of the Company, as New Vehicle
    Borrowers, Bank of America, N.A., as Administrative Agent, New
    Vehicle Swing Line Lender and Used Vehicle Swing Line Lender,
    Bank of America, N.A., as Revolving Administrative Agent (in its
    capacity as collateral agent), Bank of America, N.A., JPMorgan
    Chase Bank, N.A., Wachovia Bank, National Association, and
    Comerica Bank as Lenders, (ii)&#160;any agreement with one or
    more of DCFS USA LLC, Ford Motor Credit Company LLC, GMAC, Inc.
    (formally known as General Motors Acceptance Corporation), BMW
    Financial Services NA, Inc., Toyota Motor Credit Corporation and
    World Omni Financial Corp. or any other bank or asset-based
    lender, pursuant to which the Company or any Restricted
    Subsidiary incurs Indebtedness the net proceeds of which are
    used to purchase, finance or refinance vehicles, vehicle parts,
    vehicle supplies or (in the case of a Credit Facility) a
    pre-existing credit facility, and (iii)&#160;any other
    agreement, including pursuant to a commercial paper program,
    pursuant to which the Company or any Restricted
</DIV>
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    <BR>
    74
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subsidiary incurs Indebtedness, the net proceeds of which are
    used to purchase, finance or refinance vehicles
    <FONT style="white-space: nowrap">and/or</FONT>
    vehicle parts and supplies, each as may be amended, substituted,
    refinanced or replaced from time to time with another Inventory
    Facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Investment&#148; means, with respect to any Person,
    directly or indirectly, any advance, loan, including guarantees,
    or other extension of credit or capital contribution to (by
    means of any transfer of cash or other property to others or any
    payment for property or services for the account or use of
    others) (but for clarity purposes excluding trade receivables
    and prepaid expenses, in each case arising in the ordinary
    course of business), or any purchase, acquisition or ownership
    by such Person of any Capital Stock, bonds, notes, debentures or
    other securities issued or owned by any other Person and all
    other items that would be classified as investments on a balance
    sheet prepared in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Issue Date&#148; means the original issue date of the
    Series&#160;A notes under the Indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Lien&#148; means any mortgage or deed of trust, charge,
    pledge, lien (statutory or otherwise), privilege, security
    interest, assignment, deposit, arrangement, easement,
    hypothecation, claim, preference, priority or other encumbrance
    upon or with respect to any property of any kind (including any
    conditional sale, capital lease or other title retention
    agreement, any leases in the nature thereof, and any agreement
    to give any security interest), real or personal, movable or
    immovable, now owned or hereafter acquired. A Person will be
    deemed to own subject to a Lien any property which it has
    acquired or holds subject to the interest of a vendor or lessor
    under any conditional sale agreement, Capital Lease Obligation
    or other title retention agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Manufacturer&#148; means a vehicle manufacturer which is a
    party to a dealership franchise agreement with the Company or
    any Restricted Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Maturity&#148; means, when used with respect to the
    Series&#160;B notes, the date on which the principal of the
    Series&#160;B notes becomes due and payable as therein provided
    or as provided in the Indenture, whether at Stated Maturity, the
    Offer Date or the redemption date and whether by declaration of
    acceleration, Offer in respect of Excess Proceeds, Change of
    Control Offer in respect of a Change of Control, call for
    redemption or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Mortgage Loans&#148; mean (i)&#160;Indebtedness of the
    Company or a Subsidiary secured solely by Liens on real property
    used by a Subsidiary of the Company for the operation of a
    vehicle dealership, collision repair business or a business
    ancillary thereto, together with related real property rights,
    improvements, fixtures (other than trade fixtures), insurance
    payments, leases and rents related thereto and proceeds thereof
    and (ii)&#160;revolving real estate acquisition and construction
    lines of credit and related mortgage refinancing facilities of
    the Company, each as may be amended, renewed, extended,
    substituted, refinanced, restructured, replaced, supplemented or
    otherwise modified from time to time, including, without
    limitation, any successive renewals, extensions, substitutions,
    refinancings, restructurings, replacements, supplementations or
    other modifications of the foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Net Cash Proceeds&#148; means
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    with respect to any Asset Sale by any Person, the proceeds from
    that sale (without duplication in respect of all Asset Sales) in
    the form of cash or Temporary Cash Investments including
    payments in respect of deferred payment obligations when
    received in the form of, or stock or other assets when disposed
    of for, cash or Temporary Cash Investments (except to the extent
    that such obligations are financed or sold with recourse to the
    Company or any Restricted Subsidiary) net of
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="5%"></TD>
    <TD width="83%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    brokerage commissions and other reasonable fees and expenses
    (including fees and expenses of counsel and investment bankers)
    related to such Asset Sale,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    provisions for all taxes payable as a result of such Asset Sale,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    payments made to retire Indebtedness where payment of such
    Indebtedness is secured by the assets or properties the subject
    of such Asset Sale,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    amounts required to be paid to any Person (other than the
    Company or any Restricted Subsidiary) owning a beneficial
    interest in the assets subject to the Asset Sale and
</TD>
</TR>

</TABLE>
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    <BR>
    75
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="5%"></TD>
    <TD width="83%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    appropriate amounts to be provided by the Company or any
    Restricted Subsidiary, as the case may be, as a reserve, in
    accordance with GAAP, against any liabilities associated with
    such Asset Sale and retained by the Company or any Restricted
    Subsidiary, as the case may be, after such Asset Sale,
    including, without limitation, pension and other post-employment
    benefit liabilities, liabilities related to environmental
    matters and liabilities under any indemnification obligations
    associated with such Asset Sale, all as reflected in an
    officers&#146; certificate delivered to the Trustee and
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    with respect to any issuance or sale of Capital Stock or
    options, warrants or rights to purchase Capital Stock, or debt
    securities or Capital Stock that have been converted into or
    exchanged for Capital Stock as referred to under
    &#147;&#151;Certain Covenants&#151;<I>Limitation on Restricted
    Payments</I>,&#148; the proceeds of such issuance or sale in the
    form of cash or Temporary Cash Investments including payments in
    respect of deferred payment obligations when received in the
    form of, or stock or other assets when disposed of for, cash or
    Temporary Cash Investments (except to the extent that such
    obligations are financed or sold with recourse to the Company or
    any Restricted Subsidiary), net of attorney&#146;s fees,
    accountant&#146;s fees and brokerage, consultation, underwriting
    and other fees and expenses actually incurred in connection with
    such issuance or sale and net of taxes paid or payable as a
    result thereof.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Pari Passu Indebtedness&#148; means (a)&#160;any
    Indebtedness of the Company that is <I>pari passu</I> in right
    of payment to the Series&#160;B notes (including without
    limitation, the 8.625% Notes while outstanding and the
    Company&#146;s 4.25% Convertible Senior Subordinated Notes due
    2015 while outstanding), and (b)&#160;with respect to any
    Guarantee, Indebtedness which ranks <I>pari passu</I> in right
    of payment to such Guarantee (including without limitation, the
    Guarantee with respect to the 8.625% Notes while outstanding).
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Permitted Holders&#148; means:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Mr.&#160;O. Bruton Smith and his guardians, conservators,
    committees, or attorneys-in-fact;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    lineal descendants of Mr.&#160;Smith (each, a
    &#147;Descendant&#148;) and their respective guardians,
    conservators, committees or attorneys-in-fact; and
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    each &#147;Family Controlled Entity,&#148; as defined herein.
    The term &#147;Family Controlled Entity&#148; means
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="4%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (a)&#160;
</TD>
    <TD align="left">
    any
    <FONT style="white-space: nowrap">not-for-profit</FONT>
    corporation if at least 80% of its Board of Directors is
    composed of Permitted Holders
    <FONT style="white-space: nowrap">and/or</FONT>
    Descendants;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (b)&#160;
</TD>
    <TD align="left">
    any other corporation if at least 80% of the value of its
    outstanding equity is owned directly or indirectly by one or
    more Permitted Holders;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    any partnership if at least 80% of the value of the partnership
    interests are owned directly or indirectly by one or more
    Permitted Holders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (d)&#160;
</TD>
    <TD align="left">
    any limited liability or similar company if at least 80% of the
    value of the company is owned directly or indirectly by one or
    more Permitted Holders; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (e)&#160;
</TD>
    <TD align="left">
    any trusts created for the benefit of any of the persons listed
    in clauses (i)&#160;or (ii)&#160;of this definition.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Permitted Investment&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Investments in the Company, any Restricted Subsidiary or any
    Person which, as a result of such Investment, (a)&#160;becomes a
    Restricted Subsidiary or (b)&#160;is merged or consolidated with
    or into, or transfers or conveys substantially all of its assets
    to, or is liquidated into, the Company or any Restricted
    Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Indebtedness of the Company or a Restricted Subsidiary described
    under clauses (v), (vi)&#160;and (vii)&#160;of the definition of
    &#147;Permitted Indebtedness;&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    Investments in any of the Series&#160;A or Series&#160;B notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    Temporary Cash Investments;
</TD>
</TR>

</TABLE>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    76
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (v)&#160;
</TD>
    <TD align="left">
    Investments acquired by the Company or any Restricted Subsidiary
    in connection with an asset sale permitted under
    &#147;&#151;Certain Covenants&#151;<I>Limitation on Sale of
    Assets</I>&#148; to the extent such Investments are non-cash
    proceeds as permitted under such covenant;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vi)&#160;
</TD>
    <TD align="left">
    any Investment to the extent the consideration therefor consists
    of Qualified Capital Stock of the Company or any Restricted
    Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (vii)&#160;
</TD>
    <TD align="left">
    Investments representing Capital Stock or obligations issued to
    the Company or any Restricted Subsidiary in the ordinary course
    of the good faith settlement of claims against any other Person
    by reason of a composition or readjustment of debt or a
    reorganization of any debtor or any Restricted Subsidiary;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (viii)&#160;
</TD>
    <TD align="left">
    prepaid expenses advanced to employees in the ordinary course of
    business or other loans or advances to employees in the ordinary
    course of business not to exceed $1.0&#160;million in the
    aggregate at any one time outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ix)&#160;
</TD>
    <TD align="left">
    Investments in existence on the Issue Date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (x)&#160;
</TD>
    <TD align="left">
    deposits, including interest-bearing deposits, maintained in the
    ordinary course of business in banks or with floor plan lenders;
    endorsements for collection or deposit in the ordinary course of
    business by such Person of bank drafts and similar negotiable
    instruments of such other Person received as payment for
    ordinary course of business trade receivables;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xi)&#160;
</TD>
    <TD align="left">
    Investments acquired in exchange for the issuance of Capital
    Stock (other than Redeemable Capital Stock or Preferred Stock)
    of the Company or acquired with the Net Cash Proceeds received
    by the Company after the date of the Indenture from the issuance
    and sale of Capital Stock (other than Redeemable Capital Stock
    or Preferred Stock); <I>provided</I> that such Net Cash Proceeds
    are used to make such Investment within 10&#160;days of the
    receipt thereof and the amount of all such Net Cash Proceeds
    will be excluded from clause (3)(C) of the first paragraph of
    the covenant described under the caption &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Restricted Payments</I>;&#148;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xii)&#160;
</TD>
    <TD align="left">
    Investments in prepaid expenses, negotiable instruments held for
    collection and lease, utility and worker&#146;s compensation,
    performance and other similar deposits provided to third parties
    in the ordinary course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xiii)&#160;
</TD>
    <TD align="left">
    consumer loans and leases entered into, purchased or otherwise
    acquired by the Company or its Subsidiaries, as lender, lessor
    or assignee, as applicable, in the ordinary course of business
    consistent with past practices; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (xiv)&#160;
</TD>
    <TD align="left">
    in addition to the Investments described in clauses
    (i)&#160;through (xiii)&#160;above, Investments in an amount not
    to exceed $10.0&#160;million in the aggregate at any one time
    outstanding.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with any assets or property contributed or
    transferred to any Person as an Investment, such property and
    assets shall be equal to the Fair Market Value at the time of
    Investment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Permitted Junior Payment&#148; means any payment or other
    distribution to the holders of the Series&#160;A or
    Series&#160;B notes of securities of the Company or any other
    entity that are equity securities (other than Preferred Stock or
    Redeemable Capital Stock) or are subordinated in right of
    payment to all Senior Indebtedness to substantially the same
    extent as, or to a greater extent than, the holders of the
    Indenture Obligations are so subordinated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Person&#148; means any individual, corporation, limited
    liability company, partnership, joint venture, association,
    joint-stock company, trust, unincorporated organization or
    government or any agency or political subdivision thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Preferred Stock&#148; means, with respect to any Person,
    any Capital Stock of any class or classes, however designated,
    which is preferred as to the payment of dividends or
    distributions, or as to the distribution
</DIV>
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    <BR>
    77
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of assets upon any voluntary or involuntary liquidation or
    dissolution of such Person, over the Capital Stock of any other
    class in such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Purchase Money Obligation&#148; means any Indebtedness
    secured by a Lien on assets related to the business of the
    Company and any additions and accessions thereto, which are
    purchased or constructed by the Company at any time after the
    Issue Date; <I>provided</I> that
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    the security agreement or conditional sales or other title
    retention contract pursuant to which the Lien on such assets is
    created (collectively a &#147;Purchase Money Security
    Agreement&#148;) shall be entered into within 90&#160;days after
    the purchase or substantial completion of the construction of
    such assets and shall at all times be confined solely to the
    assets so purchased or acquired, any additions and accessions
    thereto and any proceeds therefrom,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    at no time shall the aggregate principal amount of the
    outstanding Indebtedness secured thereby be increased, except in
    connection with the purchase of additions and accessions thereto
    and except in respect of fees and other obligations in respect
    of such Indebtedness and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    (A)&#160;the aggregate outstanding principal amount of
    Indebtedness secured thereby (determined on a per asset basis in
    the case of any additions and accessions) shall not at the time
    such Purchase Money Security Agreement is entered into exceed
    100% of the purchase price or construction cost to the Company
    of the assets subject thereto or
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 12%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (B)&#160;the Indebtedness secured thereby shall be with recourse
    solely to the assets so purchased or acquired or constructed,
    any additions and accessions thereto and any proceeds therefrom.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Qualified Capital Stock&#148; of any Person means any and
    all Capital Stock of such Person other than Redeemable Capital
    Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Redeemable Capital Stock&#148; means any Capital Stock
    that, either by its terms or by the terms of any security into
    which it is convertible or exchangeable (at the option of the
    holders thereof),
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    is or upon the happening of an event or passage of time would
    be, required to be redeemed prior to the final Stated Maturity
    of the principal of the Series&#160;B notes,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    is redeemable at the option of the holder thereof at any time
    prior to such final Stated Maturity (other than upon a change of
    control of or sale of the assets by the Company in circumstances
    where the holders of the Series&#160;B notes would have similar
    rights), or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    is convertible into or exchangeable for debt securities at any
    time prior to any such Stated Maturity at the option of the
    holder thereof.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Registration Rights Agreement&#148; means the Registration
    Rights Agreement relating to the Series&#160;A notes, dated as
    of issue date of the Series&#160;A notes, among the Company, the
    Guarantors and the Initial Purchasers party thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Replacement Assets&#148; means properties and assets
    (other than cash or any Capital Stock or other security) that
    will be used in a business of the Company or its Restricted
    Subsidiaries existing on the Issue Date or in a business
    reasonably related thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Restricted Subsidiary&#148; means any Subsidiary of the
    Company that has not been designated by the Board of Directors
    of the Company by a board resolution delivered to the Trustee as
    an Unrestricted Subsidiary pursuant to and in compliance with
    the covenant described under &#147;&#151;Certain
    Covenants&#151;<I>Limitation on Unrestricted
    Subsidiaries</I>.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Securities Act&#148; means the Securities Act of 1933, as
    amended, or any successor statute, and the rules and regulations
    promulgated by the Commission thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Significant Restricted Subsidiary&#148; means, at any
    particular time, any Restricted Subsidiary that, together with
    the Restricted Subsidiaries of such Restricted Subsidiary
    (i)&#160;accounted for more than five percent of the
    Consolidated revenues of the Company and its Restricted
    Subsidiaries for their most recently completed fiscal
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    78
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    year or (ii)&#160;is or are the owner(s) of more than five
    percent of the Consolidated assets of the Company and its
    Restricted Subsidiaries as at the end of such fiscal year, all
    as calculated in accordance with GAAP and as shown on the
    Consolidated financial statements of the Company and its
    Restricted Subsidiaries for such fiscal year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Stated Maturity&#148; means, when used with respect to any
    Indebtedness or any installment of interest thereon, the dates
    specified in such Indebtedness as the fixed date on which the
    principal of such Indebtedness or such installment of interest,
    as the case may be, is due and payable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Subordinated Indebtedness&#148; means Indebtedness of the
    Company or a Guarantor subordinated in right of payment to the
    Series&#160;B notes or the Guarantee of such Guarantor, as the
    case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Subsidiary&#148; of a Person means:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    any corporation more than 50% of the outstanding voting power of
    the Voting Stock of which is owned or controlled, directly or
    indirectly, by such Person or by one or more other Subsidiaries
    of such Person, or by such Person and one or more other
    Subsidiaries of such Person,
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    any limited partnership of which such Person or any Subsidiary
    of such Person is a general partner, or
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    any other Person in which such Person, or one or more other
    Subsidiaries of such Person, or such Person and one or more
    other Subsidiaries, directly or indirectly, has more than 50% of
    the outstanding partnership or similar interests or has the
    power, by contract or otherwise, to direct or cause the
    direction of the policies, management and affairs thereof.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Temporary Cash Investments&#148; means:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    any evidence of Indebtedness, maturing not more than one year
    after the date of acquisition, issued by the United States of
    America, or an instrumentality or agency thereof, and guaranteed
    fully as to principal, premium, if any, and interest by the
    United States of America;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    any certificate of deposit, maturing not more than one year
    after the date of acquisition, issued by, or time deposit of, a
    commercial banking institution that is a member of the Federal
    Reserve System and that has combined capital and surplus and
    undivided profits of not less than $500&#160;million, whose debt
    has a rating, at the time as of which any investment therein is
    made, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s or any successor rating
    agency or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to S&#038;P or any successor rating agency;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    commercial paper, maturing not more than one year after the date
    of acquisition, issued by a corporation (other than an Affiliate
    or Subsidiary of the Company) organized and existing under the
    laws of the United States of America with a rating, at the time
    as of which any investment therein is made, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to S&#038;P; and
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    any money market deposit accounts issued or offered by a
    domestic commercial bank having capital and surplus in excess of
    $500&#160;million; <I>provided</I> that the short term debt of
    such commercial bank has a rating, at the time of Investment, of
    <FONT style="white-space: nowrap">&#147;P-1&#148;</FONT>
    (or higher) according to Moody&#146;s or
    <FONT style="white-space: nowrap">&#147;A-1&#148;</FONT>
    (or higher) according to S&#038;P.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Treasury Rate&#148; means, as of any redemption date, the
    yield to maturity as of such redemption date of United States
    Treasury securities with a constant maturity (as compiled and
    published in the most recent Federal Reserve Statistical Release
    H.15 (519)&#160;that has become publicly available at least two
    business days prior to the redemption date (or if such
    Statistical Release is no longer published, any publicly
    available source of similar market data)) most nearly equal to
    the period from the redemption date to March&#160;15, 2014;
    <I>provided, however,</I> that if the period from the redemption
    date to March&#160;15, 2014 is less than one year, the weekly
    average yield on actually traded United States Treasury
    securities adjusted to a constant maturity of one year will be
    used.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Trust&#160;Indenture Act&#148; means the
    Trust&#160;Indenture Act of 1939, as amended, or any successor
    statute.
</DIV>
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    <BR>
    79
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Unrestricted Subsidiary&#148; means any Subsidiary of the
    Company (other than a Guarantor) designated as such pursuant to
    and in compliance with the covenant described under
    &#147;&#151;Certain Covenants&#151;<I>Limitation on Unrestricted
    Subsidiaries</I>.&#148;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Unrestricted Subsidiary Indebtedness&#148; of any
    Unrestricted Subsidiary means Indebtedness of such Unrestricted
    Subsidiary
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    as to which neither the Company nor any Restricted Subsidiary is
    directly or indirectly liable (by virtue of the Company or any
    such Subsidiary being the primary obligor on, guarantor of, or
    otherwise liable in any respect to, such Indebtedness), except
    Guaranteed Debt of the Company or any Restricted Subsidiary to
    any Affiliate, in which case (unless the incurrence of such
    Guaranteed Debt resulted in a Restricted Payment at the time of
    incurrence) the Company shall be deemed to have made a
    Restricted Payment equal to the principal amount of any such
    Indebtedness to the extent guaranteed at the time such Affiliate
    is designated an Unrestricted Subsidiary and
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    which, upon the occurrence of a default with respect thereto,
    does not result in, or permit any holder of any Indebtedness of
    the Company or any Subsidiary to declare, a default on such
    Indebtedness of the Company or any Subsidiary or cause the
    payment thereof to be accelerated or payable prior to its Stated
    Maturity;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided</I> that notwithstanding the foregoing any
    Unrestricted Subsidiary may guarantee the Series&#160;B notes.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Voting Stock&#148; of a Person means Capital Stock of such
    Person of the class or classes pursuant to which the holders
    thereof have the general voting power under ordinary
    circumstances to elect at least a majority of the Board of
    Directors of such Person (irrespective of whether or not at the
    time Capital Stock of any other class or classes shall have or
    might have voting power by reason of the happening of any
    contingency).
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Wholly Owned Restricted Subsidiary&#148; means a
    Restricted Subsidiary all the Capital Stock of which (other than
    directors&#146; qualifying shares and shares of Capital Stock of
    a Restricted Subsidiary which a Manufacturer requires to be held
    by another Person and which Capital Stock, together with any
    related contractual arrangements, has no significant economic
    value with respect to distributions of profits or losses in
    ordinary circumstances) is owned by the Company or another
    Wholly Owned Restricted Subsidiary (other than directors&#146;
    qualifying shares).
</DIV>
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    <BR>
    80
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BOOK-ENTRY;
    DELIVERY AND FORM</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B notes will be represented by one or more
    global notes in registered form without interest coupons
    attached (collectively, the &#147;Global notes&#148;). Except as
    set forth below, all the notes will be exchanged in registered,
    global form in minimum denominations of $1,000 and integral
    multiples of $1,000 in excess thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Global notes will be deposited upon issuance with the Trustee as
    custodian for The Depository Trust&#160;Company
    (&#147;DTC&#148;) in New York, New York, and registered in the
    name of DTC or its nominee, in each case for credit to an
    account of a direct or indirect participant in DTC as described
    below. Except as set forth below, Global notes may be
    transferred only to another nominee of DTC or to a successor of
    DTC or its nominee, in whole and not in part. Except in the
    limited circumstances described below, beneficial interests in
    Global notes may not be exchanged for notes in certificated form
    and owners of beneficial interests in Global notes will not be
    entitled to receive physical delivery of notes in certificated
    form. See &#147;&#151;Exchange of Global notes for Certificated
    Notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Transfers of beneficial interests in the Global notes will be
    subject to the applicable rules and procedures of DTC and its
    direct or indirect participants, including, if applicable, those
    of Euroclear and Clearstream, which may change from time to time.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Depository
    procedures</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following description of the operations and procedures of
    DTC, Euroclear and Clearstream is provided solely as a matter of
    convenience. These operations and procedures are solely within
    the control of the respective settlement systems and are subject
    to changes by them. Neither we nor the Trustee have any
    responsibility for these operations and procedures and urges
    investors to contact the system or their participants directly
    to discuss these matters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DTC has advised us that DTC is a limited-purpose trust company
    organized under the laws of the State of New York, a
    &#147;banking organization&#148; within the meaning of the New
    York Banking Law, a member of the Federal Reserve System, a
    &#147;clearing corporation&#148; within the meaning of the New
    York Uniform Commercial Code and a &#147;clearing agency&#148;
    registered pursuant to the provisions of Section&#160;17A of the
    Exchange Act. DTC was created to hold securities for its
    participating organizations (collectively, the
    &#147;Participants&#148;) and to facilitate the clearance and
    settlement of transactions in those securities between
    Participants through electronic book-entry changes in accounts
    of its Participants. The Participants include securities brokers
    and dealers (including the initial purchasers), banks, trust
    companies, clearing corporations and certain other
    organizations. Access to DTC&#146;s system is also available to
    other entities such as banks, brokers, dealers, trust companies
    clearing corporations and certain other organizations that clear
    through or maintain a custodial relationship with a Participant,
    either directly or indirectly (collectively, the &#147;Indirect
    Participants&#148;). Persons who are not Participants may
    beneficially own securities held by or on behalf of DTC only
    through the Participants or the Indirect Participants. The
    ownership interests in, and transfers of ownership interests in,
    each security held by or on behalf of DTC are recorded on the
    records of the Participants and Indirect Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DTC has also advised us that, pursuant to procedures established
    by it:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="5%"></TD>
    <TD width="89%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    upon deposit of the Global notes, DTC will credit the accounts
    of Participants designated by the initial purchasers with
    portions of the principal amount of the Global notes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    ownership of these interests in Global notes will be shown on,
    and the transfer of ownership of these interests will be
    effected only through, records maintained by DTC (with respect
    to the Participants) or by the Participants and the Indirect
    Participants (with respect to other owners of beneficial
    interests in Global notes).
</TD>
</TR>

</TABLE>
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    <BR>
    81
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Investors in the Global notes who are Participants in DTC&#146;s
    system may hold their interests directly through DTC. Investors
    in the Global notes who are not Participants may hold their
    interests therein indirectly through organizations that are
    Participants in such system. All interests in a Global Note may
    be subject to the procedures and requirements of DTC. Interests
    in a Global Note held through Euroclear or Clearstream may be
    subject to the procedures and requirements of those systems as
    well. The laws of some states require that certain persons take
    physical delivery in definitive form of securities that they own
    and the ability to transfer beneficial interests in a Global
    Note to Persons that are subject to those requirements will be
    limited to that extent. Because DTC can act only on behalf of
    Participants, which in turn act on behalf of Indirect
    Participants, the ability of a person having beneficial
    interests in a Global Note to pledge those interests to Persons
    that do not participate in the DTC system, or otherwise take
    actions in respect of those interests, may be affected by the
    lack of a physical certificate evidencing those interests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as DTC or its nominee is the registered owner or Holder
    of the Series&#160;B notes, DTC or such nominee, as the case may
    be, will be considered the sole owner or Holder of the
    Series&#160;B Notes represented by Global notes for all purposes
    under the Indenture. No beneficial owner of an interest in the
    Global notes will be able to transfer that interest except in
    accordance with DTC&#146;s procedures, in addition to those
    provided for under the Indenture with respect to the Global
    notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payments in respect of the principal of and premium, interest
    and additional interest, if any, on a Global note registered in
    the name of DTC or its nominee will be payable to DTC in its
    capacity as the registered Holder under the Indenture. Under the
    terms of each Indenture, we and the Trustee will treat the
    Persons in whose names Series&#160;B notes, including Global
    notes, are registered as the owners of such Series&#160;B notes
    for the purpose of receiving payments and for all other
    purposes. Consequently, neither we, the Trustee nor any agent of
    either of us or the Trustee has or will have any responsibility
    or liability for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="5%"></TD>
    <TD width="89%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    any aspect of DTC&#146;s records or any Participant&#146;s or
    Indirect Participant&#146;s records relating to or payments made
    on account of beneficial ownership interests in Global notes or
    for maintaining, supervising or reviewing any of DTC&#146;s
    records or any Participant&#146;s or Indirect Participant&#146;s
    records relating to the beneficial ownership interests in Global
    notes;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    any other matter relating to the actions and practices of DTC or
    any of its Participants or Indirect Participants.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect that DTC or its nominee, upon receipt of any payment
    of principal, premium (if any) and interest (including
    additional interest, if any) on the Global notes, will credit
    Participants&#146; accounts with payments with an amount
    proportionate to its beneficial ownership of an interest in the
    principal amount of the relevant security as shown on the
    records of DTC or its nominee. We expect that payments by the
    Participants and the Indirect Participants to the beneficial
    owners of Series&#160;B notes will be governed by standing
    instructions and customary practices and will be the
    responsibility of the Participants or the Indirect Participants
    and will not be the responsibility of DTC, the Trustee or us.
    Neither we nor the Trustee will be liable for any delay by DTC
    or any of its Participants in identifying the beneficial owners
    of any Series&#160;B notes, and we and the Trustee may
    conclusively rely on and will be protected in relying on
    instructions from DTC or its nominee for all purposes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Transfers between Participants in DTC will be effected in
    accordance with DTC&#146;s procedures, and will be settled in
    <FONT style="white-space: nowrap">same-day</FONT>
    funds and transfers between participants in Euroclear and
    Clearstream will be effected in accordance with their respective
    rules and operating procedures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to compliance with the transfer restrictions applicable
    to the notes described herein and set forth in the Indenture,
    cross-market transfers between the Participants, on the one
    hand, and Euroclear or Clearstream participants, on the other
    hand, will be effected through DTC in accordance with DTC&#146;s
    rules on behalf of Euroclear or Clearstream, as the case may be,
    by their respective depositaries; however, such cross-market
    transactions will require delivery of instructions to Euroclear
    or Clearstream, as the case may be, by the counterparty in such
    system in accordance with the rules and procedures and within
    the established deadlines (Brussels time) of such system.
    Euroclear or Clearstream, as the case may be, will, if the
    transaction meets its settlement requirements, deliver
    instructions to its respective depositary to take action to
    effect final
</DIV>
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    <BR>
    82
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    settlement on its behalf by delivering or receiving interests in
    the relevant Global Note from DTC, and making or receiving
    payment in accordance with normal procedures for
    <FONT style="white-space: nowrap">same-day</FONT>
    funds settlement applicable to DTC. Euroclear participants and
    Clearstream participants may not deliver instructions directly
    to the depositories for Euroclear or Clearstream.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DTC has advised us that it will take any action permitted to be
    taken by a Holder of Series&#160;B notes only at the direction
    of one or more Participants to whose account DTC has credited
    the interests in the Global notes and only in respect of the
    portion of the aggregate principal amount of the Series&#160;B
    notes as to which that Participant or those Participants has or
    have given the relevant direction. However, if there is an Event
    of Default under the Series&#160;B notes, DTC reserves the right
    to exchange the Global notes for legended Series&#160;B notes in
    certificated form, and to distribute such Series&#160;B notes to
    its Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although DTC, Euroclear and Clearstream have agreed to the
    foregoing procedures in order to facilitate transfers of
    interests in Global notes among Participants, they are under no
    obligation to perform those procedures, and may discontinue or
    change those procedures at any time. Neither we, the Trustee nor
    any of their respective agents will have any responsibility for
    the performance by DTC, Euroclear, Clearstream or their
    respective Participants or Indirect Participants of their
    respective obligations under the rules and procedures governing
    their operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exchange
    of Global notes for Certificated Notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A Global Note is exchangeable for a Certificated Note of the
    same series if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    DTC (a)&#160;notifies us that it is unwilling or unable to
    continue as depositary for the applicable Global notes or
    (b)&#160;has ceased to be a clearing agency registered under the
    Exchange Act and, in each case, a successor depositary is not
    appointed;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    we, at our option, notifies the Trustee in writing that it
    elects to cause the issuance of Certificated Notes;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    there has occurred and is continuing a Default with respect to
    the Series&#160;B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, beneficial interests in a Global Note may be
    exchanged for Certificated Notes upon prior written notice given
    to the Trustee by or on behalf of DTC in accordance with the
    Indenture. In all cases, Certificated Notes delivered in
    exchange for any Global Note or beneficial interests in a Global
    Note will be registered in the names, and issued in any approved
    denominations, requested by or on behalf of the depositary (in
    accordance with its customary procedures) and will bear the
    applicable restrictive legend referred to in the Indenture,
    unless that legend is not required by applicable law.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exchange
    of Certificated Notes for Global notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certificated Notes may not be exchangeable for beneficial
    interests in any Global note unless the transferor first
    delivers to the Trustee a written certificate (in the form
    provided in the Indenture) to the effect that the transfer will
    comply with the appropriate transfer restrictions applicable to
    the Series&#160;B notes being transferred.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Same day
    settlement and payment</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will make payments in respect of Series&#160;B notes
    represented by Global notes, (including payments of principal,
    premium, if any, and interest and additional interest, if any)
    by wire transfer of immediately available funds to the accounts
    specified by the DTC or its nominee. We will make all payments
    of principal of and premium, if any, and interest and additional
    interest, if any, on Certificated Notes by wire transfer of
    immediately available funds to the accounts specified by the
    Holders of the Certificated Notes or, if no account is
    specified, by mailing a check to each Holder&#146;s registered
    address.
</DIV>
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    <BR>
    83
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    UNITED STATES FEDERAL TAX CONSIDERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following summary describes the material United States
    federal income tax consequences and, in the case of a holder
    that is a
    <FONT style="white-space: nowrap">non-U.S.</FONT>
    holder (as defined below), the United States federal estate tax
    consequences, of purchasing, owning and disposing of the
    Series&#160;B notes. This summary applies to you only if you
    acquire the Series&#160;B notes in exchange for Series&#160;A
    notes that you acquired for a price equal to the issue price of
    the Series&#160;A notes. The issue price of the Series&#160;A
    notes is the first price at which a substantial amount of the
    Series&#160;A notes was sold other than to bond houses, brokers,
    or similar persons or organizations acting in the capacity of
    underwriters, placement agents or wholesalers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary deals only with Series&#160;B notes held as capital
    assets (generally, investment property) and does not deal with
    special tax situations such as: dealers, broker-dealers and
    traders in securities or currencies; United States holders (as
    defined below) whose functional currency is not the United
    States dollar; persons holding Series&#160;B notes as part of a
    hedge, straddle, synthetic security, conversion, constructive
    sale or other integrated transaction; persons that mark to
    market their securities; individual retirement and other tax
    deferred accounts; regulated investment companies; real estate
    investment trusts; certain United States expatriates; financial
    institutions (including banks); insurance companies; controlled
    foreign corporations, foreign personal holding companies and
    passive foreign investment companies and shareholders of such
    foreign corporations; entities that are tax-exempt for United
    States federal income tax purposes; and pass-through entities,
    including partnerships and entities and arrangements classified
    as partnerships for United States federal income tax purposes,
    and beneficial owners of pass-through entities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a partnership (or other entity classified as a partnership
    for United States federal income tax purposes) is the beneficial
    owner of the Series&#160;B notes, the United States federal
    income tax treatment of a partner in the partnership will
    generally depend on the status of the partner, the activities of
    the partnership and certain determinations made at the partner
    level. If you are a partnership holding Series&#160;B notes or a
    partner in such a partnership, you should consult your own tax
    advisor regarding the United States federal income tax
    consequences of purchasing, owning and disposing of the
    Series&#160;B notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary does not discuss all of the aspects of United
    States federal income and estate taxation that may be relevant
    to you in light of your particular investment or other
    circumstances. In addition, this summary does not discuss any
    United States state or local income or foreign income, gift,
    alternative minimum or other tax consequences. This summary is
    based on United States federal income and estate tax law,
    including the provisions of the Internal Revenue Code of 1986,
    as amended (the &#147;Internal Revenue Code&#148;), regulations
    promulgated thereunder, administrative rulings and judicial
    authority, all as in effect as of the date of this prospectus.
    Subsequent developments in United States federal income and
    estate tax law, including changes in law or differing
    interpretations, which may be applied retroactively, could have
    a material effect on the United States federal income and estate
    tax consequences of purchasing, owning and disposing of
    Series&#160;B notes as set forth in this summary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have not requested, and do not intend to request, a ruling
    from the U.S. Internal Revenue Service (the &#147;IRS&#148;)
    with respect to any of the U.S. federal income or estate tax
    consequences described below. There can be no assurance that the
    IRS will not disagree with or challenge any of the conclusions
    set forth herein. Before you decide whether to participate in
    the exchange offer, you should consult your own tax advisor
    regarding the particular United States federal, state and local
    and foreign income and other tax consequences of acquiring,
    owning and disposing of the Series&#160;B notes that may be
    applicable to you.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIS SUMMARY IS NOT INTENDED TO BE USED, WAS NOT WRITTEN TO BE
    USED, AND CANNOT BE USED, BY YOU FOR THE PURPOSE OF AVOIDING
    PENALTIES UNDER THE U.S. FEDERAL TAX LAWS THAT MAY BE IMPOSED
    UPON YOU. THIS SUMMARY WAS WRITTEN IN CONNECTION WITH THE
    PROMOTION OR MARKETING OF THE SERIES&#160;B NOTES. YOU SHOULD
    SEEK ADVICE BASED ON YOUR PARTICULAR CIRCUMSTANCES FROM AN
    INDEPENDENT TAX ADVISOR.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    84
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exchange
    of Series&#160;A notes for Series&#160;B notes</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An exchange of Series&#160;A notes for Series&#160;B notes
    pursuant to the exchange offer will not be a taxable event for
    United States federal income tax purposes, and the Series B
    notes will be treated for United States federal income tax
    purposes as a continuation of the Series&#160;A notes in the
    hands of a United States holder or a
    <FONT style="white-space: nowrap">Non-U.S.&#160;holder.</FONT>
    As a result, for United States federal income tax purposes,
    (1)&#160;a holder will not recognize any gain or loss on the
    exchange, (2)&#160;a holder&#146;s holding period for a
    Series&#160;B note will include the holding period for the
    Series&#160;A note and (3)&#160;a holder&#146;s adjusted tax
    basis of the Series&#160;B note will be the same as the
    holder&#146;s adjusted tax basis of the Series&#160;A note.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">United
    States Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following summary applies to you only if you are a United
    States holder (as defined below).
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Definition
    of a United States Holder</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A &#147;United States holder&#148; is a beneficial owner of a
    Series&#160;B note or Series&#160;B notes who or which is for
    United States federal income tax purposes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    an individual citizen or resident of the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a corporation (or other entity classified as a corporation for
    these purposes) created or organized in or under the laws of the
    United States or of any political subdivision of the United
    States, including any State;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    an estate, the income of which is subject to United States
    federal income taxation regardless of the source of that income;
    or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    a trust, if, (1)&#160;a United States court is able to exercise
    primary supervision over the trust&#146;s administration and one
    or more United States persons (within the meaning of the
    Internal Revenue Code) has the authority to control all of the
    trust&#146;s substantial decisions or, (2)&#160;the trust has a
    valid election in effect under applicable Treasury regulations
    to be treated as a United States person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Payments
    of Interest</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Interest on your Series&#160;B notes will be taxed as ordinary
    interest income. In addition:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if you use the cash method of accounting for United States
    federal income tax purposes, you will have to include the
    interest on your Series&#160;B notes in your gross income at the
    time you receive the interest; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    if you use the accrual method of accounting for United States
    federal income tax purposes, you will have to include the
    interest on your Series&#160;B notes in your gross income at the
    time the interest accrues.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Sale or
    Other Disposition of Series&#160;B Notes</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You generally will recognize taxable gain or loss upon the sale,
    redemption, retirement or other taxable disposition of your
    Series&#160;B notes equal to the difference, if any, between:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the amount realized on the sale or other disposition (less any
    amount attributable to accrued interest, which will be taxable
    in the manner described under &#147;&#151;United States
    Holders&#151;Payments of Interest&#148;); and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    your tax basis in the Series&#160;B notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your gain or loss generally will be capital gain or loss. This
    capital gain or loss will be long-term capital gain or loss if
    at the time of the sale or other taxable disposition your
    holding period for the Series&#160;B notes is more than one
    year. Subject to limited exceptions, your capital losses cannot
    be used to offset your
</DIV>
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    <BR>
    85
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ordinary income. Long-term capital gain of non-corporate
    taxpayers is currently subject to a reduced United States
    federal income tax rate.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Backup
    Withholding</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, &#147;backup withholding&#148; at a rate of 28%
    (which rate will increase to 31% for taxable years beginning on
    or after January&#160;1, 2011)&#160;may apply:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    to any payments made to you of principal of and interest on your
    Series&#160;B note, and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    to payment of the proceeds of a sale or other disposition of
    your Series&#160;B note before maturity,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    if you are a non-corporate United States holder and fail to
    provide a correct taxpayer identification number or otherwise
    comply with applicable requirements of the backup withholding
    rules.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The backup withholding tax is not an additional tax and any
    amounts withheld under the backup withholding rules from a
    payment to you may be credited against your United States
    federal income tax liability or may entitle you to a refund,
    <I>provided</I> that the required information is timely
    furnished to the Internal Revenue Service.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Non-U.S.</FONT>
    Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following summary applies to you if you are a beneficial
    owner of a Series&#160;B note and you are not a United States
    holder (as defined above) nor a partnership (or other entity
    classified as a partnership for United States federal income tax
    purposes) (a
    <FONT style="white-space: nowrap">&#147;non-U.S.</FONT>
    holder&#148;). An individual may, subject to exceptions, be
    deemed to be a resident alien, as opposed to a non-resident
    alien, by among other ways being present in the United States:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    on at least 31&#160;days in the calendar year, and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    for an aggregate of at least 183&#160;days during a three-year
    period ending in the current calendar year, counting for such
    purposes all of the days present in the current year, one-third
    of the days present in the immediately preceding year, and
    one-sixth of the days present in the second preceding year.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Resident aliens are subject to United States federal income tax
    as if they were United States citizens.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Withholding Tax</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under current United States federal income tax laws, and subject
    to the discussion below, United States federal withholding tax
    will not apply to payments by us or our paying agent (in its
    capacity as such) of principal of and interest on your
    Series&#160;B notes under the &#147;portfolio interest&#148;
    exception of the Internal Revenue Code, <I>provided</I> that in
    the case of interest:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you do not, directly or indirectly, actually or constructively,
    own ten percent or more of the total combined voting power of
    all classes of our stock entitled to vote within the meaning of
    section&#160;871(h)(3) of the Internal Revenue Code;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you are not (i)&#160;a controlled foreign corporation for United
    States federal income tax purposes that is related, directly or
    indirectly, to us through sufficient stock ownership (as
    provided in the Internal Revenue Code), or (ii)&#160;a bank
    receiving interest described in section&#160;881(c)(3)(A) of the
    Internal Revenue Code;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    such interest is not effectively connected with your conduct of
    a United States trade or business; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you provide a signed written statement, on an Internal Revenue
    Service
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    (or other applicable form) which can reliably be related to you,
    certifying under penalties of perjury that you are not a United
    States person within the meaning of the Internal Revenue Code
    and providing your name and address to:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="6%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (A)&#160;
</TD>
    <TD align="left">
    us or our paying agent; or
</TD>
</TR>

</TABLE>
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    <BR>
    86
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="6%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (B)&#160;
</TD>
    <TD align="left">
    a securities clearing organization, bank or other financial
    institution that holds customers&#146; securities in the
    ordinary course of its trade or business and holds your
    Series&#160;B notes on your behalf and that certifies to us or
    our paying agent under penalties of perjury that it, or the bank
    or financial institution between it and you, has received from
    you your signed, written statement and provides us or our paying
    agent with a copy of this statement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The applicable Treasury regulations provide alternative methods
    for satisfying the certification requirement described in this
    section.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are a foreign partnership or a foreign trust, you should
    consult your own tax advisor regarding your status under these
    Treasury regulations and the certification requirements
    applicable to you.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you cannot satisfy the requirements of the &#147;portfolio
    interest&#148; exception described above, payments of interest
    made to you will be subject to 30% United States federal
    withholding tax unless you provide us or our paying agent with a
    properly executed (1)&#160;Internal Revenue Service
    <FONT style="white-space: nowrap">Form&#160;W-8ECI</FONT>
    (or other applicable form) stating that interest paid on your
    Series&#160;B notes is not subject to withholding tax because it
    is effectively connected with your conduct of a trade or
    business in the United States, or (2)&#160;Internal Revenue
    Service
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    (or other applicable form) claiming an exemption from or
    reduction in this withholding tax under an applicable income tax
    treaty.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Income Tax</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for the possible application of United States federal
    withholding tax (see
    <FONT style="white-space: nowrap">&#147;&#151;Non-U.S.</FONT>
    Holders&#151;United States Federal Withholding Tax&#148; above)
    and backup withholding tax (see
    <FONT style="white-space: nowrap">&#147;&#151;Non-U.S.</FONT>
    Holders&#151;Backup Withholding and Information Reporting&#148;
    below), you generally will not have to pay United States federal
    income tax on payments of principal of and interest on your
    Series&#160;B notes, or on any gain or accrued interest realized
    from the sale, redemption, retirement at maturity or other
    disposition of your Series&#160;B notes unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    in the case of interest payments or disposition proceeds
    representing accrued interest, you cannot satisfy the
    requirements of the &#147;portfolio interest&#148; exception
    described above;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    in the case of gain, you are an individual who is present in the
    United States for 183&#160;days or more during the taxable year
    of the sale or other disposition of your Series&#160;B notes,
    and specific other conditions are met; or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the interest or gain is effectively connected with your conduct
    of a United States trade or business and, if an income tax
    treaty applies, is generally attributable to a United States
    &#147;permanent establishment&#148; maintained by you.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are engaged in a trade or business in the United States
    and interest or gain in respect of your Series&#160;B notes is
    effectively connected with the conduct of your trade or business
    and, if an income tax treaty applies, you maintain a United
    States &#147;permanent establishment&#148; to which the interest
    or gain is generally attributable, you may be subject to United
    States income tax on a net basis on the interest or gain
    (although interest is exempt from the withholding tax discussed
    in the preceding paragraphs provided that you provide a properly
    executed Internal Revenue Service
    <FONT style="white-space: nowrap">Form&#160;W-8ECI</FONT>
    (or other applicable form) on or before any payment date to
    claim the exemption).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if you are a foreign corporation, you may be
    subject to a branch profits tax equal to 30% of your effectively
    connected earnings and profits for the taxable year, as adjusted
    for certain items, unless a lower rate applies to you under a
    United States income tax treaty with your country of residence.
    For this purpose, you must include interest or gain on your
    Series&#160;B notes in the earnings and profits subject to the
    branch profits tax if these amounts are effectively connected
    with the conduct of your United States trade or business.
</DIV>
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    <BR>
    87
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">United
    States Federal Estate Tax</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you are an individual and are not a United States citizen or
    a resident of the United States (as specially defined for United
    States federal estate tax purposes) at the time of your death,
    your Series&#160;B notes will generally not be subject to the
    United States federal estate tax, unless, at the time of your
    death:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    you directly or indirectly, actually or constructively, own ten
    percent or more of the total combined voting power of all
    classes of our stock entitled to vote within the meaning of
    section&#160;871(h)(3) of the Internal Revenue Code and the
    Treasury regulations thereunder;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    your interest on the Series&#160;B notes is effectively
    connected with your conduct of a United States trade or business.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Backup
    Withholding and Information Reporting</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under current Treasury regulations, backup withholding and
    information reporting will not apply to payments made by us or
    our paying agent (in its capacity as such) to you if you have
    provided the required certification that you are a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    as described in
    <FONT style="white-space: nowrap">&#147;&#151;Non-U.S.&#160;Holders&#151;United</FONT>
    States Federal Withholding Tax&#148; above, and <I>provided</I>
    that neither we nor our paying agent has actual knowledge that
    you are a United States holder (as described in
    &#147;&#151;United States Holders&#148; above). We or our paying
    agent may, however, report payments of interest on Series&#160;B
    the notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The gross proceeds from the disposition of your Series&#160;B
    notes may be subject to information reporting and backup
    withholding tax at a rate of 28% (which rate will increase to
    31% for taxable years beginning on or after January&#160;1,
    2011). If you sell your Series&#160;B notes outside the United
    States through a
    <FONT style="white-space: nowrap">non-U.S.&#160;office</FONT>
    of a
    <FONT style="white-space: nowrap">non-U.S.&#160;broker</FONT>
    and the sales proceeds are paid to you outside the United
    States, then the U.S.&#160;backup withholding and information
    reporting requirements generally will not apply to that payment.
    However, U.S.&#160;information reporting, but not backup
    withholding, will apply to a payment of sales proceeds, even if
    that payment is made outside the United States, if you sell your
    Series&#160;B notes through a
    <FONT style="white-space: nowrap">non-U.S.&#160;office</FONT>
    of a broker that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    is a United States person (as defined in the Internal Revenue
    Code);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    derives 50% or more of its gross income in specific periods from
    the conduct of a trade or business in the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    is a &#147;controlled foreign corporation&#148; for
    U.S.&#160;federal income tax purposes;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    is a foreign partnership, if at any time during its tax year:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="9%"></TD>
    <TD width="4%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    one or more of its partners are U.S.&#160;persons who in the
    aggregate hold more than 50% of the income or capital interests
    in the partnership;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;
</TD>
    <TD align="left">
    the foreign partnership is engaged in a U.S.&#160;trade or
    business,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    unless the broker has documentary evidence in its files that you
    are a
    <FONT style="white-space: nowrap">non-U.S.&#160;person</FONT>
    and certain other conditions are met or you otherwise establish
    an exemption. If you receive payments of the proceeds of a
    sale&#160;of your Series&#160;B notes to or through a U.S.
    office of a broker, the payment is subject to both U.S. backup
    withholding and information reporting unless you provide an
    Internal Revenue Service Form W-8BEN certifying that you are a
    non-U.S. person or you otherwise establish an exemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The backup withholding tax is not an additional tax and any
    amounts withheld under the backup withholding rules from a
    payment to you may be credited against your United States
    federal income tax liability or may entitle you to a refund,
    <I>provided</I> that the required information is timely
    furnished to the Internal Revenue Service. You should consult
    your own tax advisor regarding application of backup withholding
    in your particular circumstance and the availability of and
    procedure for obtaining an exemption from backup withholding
    under current Treasury regulations.
</DIV>
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    <BR>
    88
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">New
    Legislation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Recently enacted legislation regarding foreign account tax
    compliance, effective for payments made after December 31, 2012,
    imposes a withholding tax of 30% on interest and gross proceeds
    from the disposition of certain debt instruments paid to certain
    foreign entities unless various information reporting and
    certain other requirements are satisfied. You are encouraged to
    consult your own tax advisors regarding the possible
    implications of this new legislation on your investment in the
    Series&#160;B notes.
</DIV>

<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLAN OF
    DISTRIBUTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each broker-dealer that receives Series&#160;B notes for its own
    account for Series&#160;A notes pursuant to this exchange offer
    must acknowledge that it will deliver a prospectus in connection
    with any resale of Series&#160;B notes. This prospectus, as it
    may be amended or supplemented from time to time, may be used by
    a broker-dealer in connection with resales of Series&#160;B
    notes received in exchange for Series&#160;A notes where the
    Series&#160;A notes were acquired as a result of market-making
    activities or other trading activities. We will allow
    broker-dealers and other persons, if any, subject to prospectus
    delivery requirements to use this prospectus, as amended or
    supplemented, in connection with any such resales subject to
    limitations set forth in the Registration Rights Agreement. Any
    broker-dealers required to use this prospectus and any
    amendments or supplements to this prospectus for resales of the
    Series&#160;B notes must notify us of this fact by checking the
    box on the letter of transmittal requesting additional copies of
    these documents. In addition, we agreed for a period of
    90&#160;days from March&#160;12, 2010, the date of the offering
    memorandum distributed in connection with the sale of the
    Series&#160;A notes, not to directly or indirectly offer, sell,
    grant any options to purchase or otherwise dispose of any debt
    securities or any securities convertible into or exchangeable
    for any debt securities other than in connection with this
    exchange offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will not receive any proceeds from any sale of Series&#160;B
    notes by broker-dealers. Series&#160;B notes received by
    broker-dealers for their own account pursuant to this exchange
    offer may be sold from time to time in one or more transactions
    in the
    <FONT style="white-space: nowrap">over-the-counter</FONT>
    market, in negotiated transactions, through the writing of
    options on the Series&#160;B notes or a combination of these
    methods of resale, at market prices prevailing at the time of
    resale, at prices related to prevailing market prices or at
    negotiated prices. Any resale may be made directly to purchasers
    or to or through broker or dealers who receive compensation in
    the form of commissions or concessions from a broker-dealer
    <FONT style="white-space: nowrap">and/or</FONT> the
    purchasers of Series&#160;B notes. Any broker-dealer that
    resells Series&#160;B notes that were received by it for its own
    account pursuant to this exchange offer and any broker or dealer
    that participates in a distribution of the Series&#160;B notes
    may be deemed to be an &#147;underwriter&#148; within the
    meaning of the Securities Act, and any profit on any such resale
    of Series&#160;B notes and any commissions or concessions
    received by any such persons may be deemed to be underwriting
    compensation under the Securities Act. The letter of transmittal
    states that by acknowledging that it will deliver and by
    delivering a prospectus, a broker-dealer will not be deemed to
    admit that it is an &#147;underwriter&#148; within the meaning
    of the Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have agreed to pay all expenses incidental to the exchange
    offer other than commissions and concessions of any broker or
    dealer and will indemnify holders of the Series&#160;B notes,
    including broker-dealers, against certain liabilities, including
    liabilities under the Securities Act.
</DIV>

<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The validity of the securities issuable under this prospectus
    will be passed upon for Sonic by Moore&#160;&#038; Van Allen
    PLLC, Charlotte, North Carolina.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
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    <BR>
    89
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of Sonic Automotive, Inc.
    as of and for the year ended December&#160;31, 2009 and 2008
    appearing in Sonic Automotive, Inc.&#146;s Annual Report
    <FONT style="white-space: nowrap">(Form&#160;10-K)</FONT>
    for the year ended December&#160;31, 2009, and the effectiveness
    of Sonic Automotive, Inc.&#146;s internal control over financial
    reporting as of December&#160;31, 2009, have been audited by
    Ernst&#160;&#038; Young LLP, independent registered public
    accounting firm, as set forth in their reports thereon, included
    therein, and incorporated herein by reference. Such consolidated
    financial statements are incorporated herein by reference in
    reliance upon such reports given on the authority of such firm
    as experts in accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated statements of income, stockholders&#146; equity
    and cash flows of Sonic Automotive, Inc. and subsidiaries for
    the year ended December&#160;31, 2007, incorporated by reference
    in this prospectus have been audited by Deloitte&#160;&#038;
    Touche LLP, an independent registered public accounting firm, as
    stated in their report (which report expresses an unqualified
    opinion and includes explanatory paragraphs regarding the
    adoption of the updated provisions of &#147;Income Taxes&#148;
    in the Accounting Standards Codification (&#147;ASC&#148;) as of
    January&#160;1, 2007, the adoption of the updated provisions of
    &#147;Debt with Conversion and Other Options&#148; in the ASC
    and for the adoption of the updated provisions of &#147;Earnings
    Per Share&#148; in the ASC) appearing in Sonic Automotive,
    Inc.&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009. Such consolidated
    statements of income, stockholders&#146; equity and cash flows
    have been so incorporated in reliance upon the report of such
    firm given upon their authority as experts in accounting and
    auditing.
</DIV>

<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION ABOUT SONIC</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We file annual, quarterly and current reports, proxy statements
    and other information with the SEC (File
    <FONT style="white-space: nowrap">No.&#160;001-13395).</FONT>
    You may read and copy these reports, proxy statements and other
    information at the SEC&#146;s Public Reference Room at
    100&#160;F&#160;Street, N.E., Washington,&#160;D.C. 20549. You
    may obtain information on the operation of the SEC&#146;s Public
    Reference Room by calling the SEC at l-800-SEC-0330. Copies may
    be obtained from the SEC by paying the required fees. The SEC
    maintains an internet website that contains reports, proxy and
    information statements and other information regarding us and
    other issuers that file electronically with the SEC. The
    SEC&#146;s website is
    <I><FONT style="white-space: nowrap">http://www.sec.gov</FONT></I>.
    Information that we file with the SEC may also be read and
    copied at the offices of the New York Stock Exchange at
    20&#160;Broad Street, New York, New York 10005. In addition, you
    may access all of such filings on our website at
    <FONT style="white-space: nowrap">http://www.sonicautomotive.com.</FONT>
    The information set forth on our website is not part of this
    prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus &#147;incorporates by reference&#148;
    information we file with the SEC, which means that we can
    disclose important information to you by referring to documents
    we have previously filed with the SEC without including such
    information in this prospectus. The information incorporated by
    reference is considered to be part of this prospectus, and
    information that we file later with the SEC will automatically
    update and supersede this information. We incorporate by
    reference the documents listed below and any future documents we
    file with the SEC under Sections&#160;13(a), 13(c), 14 or 15(d)
    of the Exchange Act, until we terminate this offering:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;Our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;Our definitive proxy statement dated March&#160;5,
    2010;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;Our Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed on January&#160;22, 2010, February&#160;26, 2010 and
    March&#160;15, 2010*.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    *&#160;</TD>
    <TD align="left">
    Information furnished in this Current Report on Form 8-K
    pursuant to Item&#160;7.01 is not incorporated by reference
    herein.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will provide upon request a free copy of any or all of the
    documents incorporated by reference into this prospectus
    (excluding exhibits to such documents unless such exhibits are
    specifically incorporated by reference). Written or telephone
    requests should be directed to Mr.&#160;Stephen K. Coss, Senior
    Vice President and General Counsel, 6415 Idlewild Road,
    Suite&#160;109, Charlotte, North Carolina 28212, telephone
    <FONT style="white-space: nowrap">(704)&#160;566-2400.</FONT>
</DIV>
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    <BR>
    90
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g22591a1g2259100.gif" alt="(SONIC AUTOMOTIVE LOGO)">
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">Sonic Automotive,
    Inc.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">Offer to Exchange</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">Registered 9.0% Senior
    Subordinated Notes due 2018, Series&#160;B</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">For All of Our
    Outstanding</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">Unregistered 9.0% Senior
    Subordinated Notes due 2018, Series&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 68pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 14%; border-bottom: 1pt solid #000000"></CENTER>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">PROSPECTUS</FONT></B>
</DIV>

<CENTER style="font-size: 1pt; width: 14%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All certificates for Series&#160;A notes being tendered,
    executed Letters of Transmittal and any other required documents
    should be sent to the Exchange Agent at the address below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All questions and requests for assistance and requests for
    additional copies of the prospectus, the Letter of Transmittal
    and any other required documents should be directed to the
    Exchange Agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The Exchange Agent for the Exchange Offer is:</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S. Bank National Association
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    60 Livingston Avenue
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    St. Paul, MN 55107
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(800)&#160;934-6802</FONT>
    (telephone)
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(651)&#160;495-8158</FONT>
    (facsimile)
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should confirm deliveries sent by facsimile.
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Originals of all documents submitted by facsimile should be
    sent promptly by registered or
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    certified mail, or by hand delivery or overnight courier)
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">April&#160;7, 2010</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PART&#160;II<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    NOT REQUIRED IN PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;20.&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Indemnification
    of Directors and Officers.</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sonic&#146;s Bylaws effectively provide that Sonic shall, to the
    full extent permitted by Section&#160;145 of the General
    Corporation Law of the State of Delaware, as amended from time
    to time (&#147;Section&#160;145&#148;), indemnify all persons
    whom it may indemnify pursuant thereto. In addition,
    Sonic&#146;s Certificate of Incorporation eliminates personal
    liability of its directors to the full extent permitted by
    Section&#160;102(b)(7) of the General Corporation Law of the
    State of Delaware, as amended from time to time
    (&#147;Section&#160;102(b)(7)&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;145 permits a corporation to indemnify its
    directors and officers against expenses (including
    attorney&#146;s fees), judgments, fines and amounts paid in
    settlements actually and reasonably incurred by them in
    connection with any action, suit or proceeding brought by a
    third party if such directors or officers acted in good faith
    and in a manner they reasonably believed to be in or not opposed
    to the best interests of the corporation and, with respect to
    any criminal action or proceeding, had no reason to believe
    their conduct was unlawful. In a derivative action,
    indemnification may be made only for expenses actually and
    reasonably incurred by directors and officers in connection with
    the defense or settlement of an action or suit and only with
    respect to a matter as to which they shall have acted in good
    faith and in a manner they reasonably believed to be in or not
    opposed to the best interests of the corporation, except that no
    indemnification shall be made if such person shall have been
    adjudged liable to the corporation, unless and only to the
    extent that the court in which the action or suit was brought
    shall determine upon application that the defendant officers or
    directors are reasonably entitled to indemnity for such expenses
    despite such adjudication of liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;102(b)(7) provides that a corporation may eliminate
    or limit the personal liability of a director to the corporation
    or its stockholders for monetary damages for breach of fiduciary
    duty as a director, provided that such provision shall not
    eliminate or limit the liability of a director (i)&#160;for any
    breach of the director&#146;s duty of loyalty to the corporation
    or its stockholders, (ii)&#160;for acts or omissions not in good
    faith or which involve intentional misconduct or a knowing
    violation of law, (iii)&#160;for willful or negligent conduct in
    paying dividends or repurchasing stock out of other than
    lawfully available funds or (iv)&#160;for any transaction from
    which the director derived an improper personal benefit. No such
    provision shall eliminate or limit the liability of a director
    for any act or omission occurring prior to the date when such
    provision becomes effective.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sonic maintains insurance against liabilities under the
    Securities Act for the benefit of its officers and directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Insofar as indemnification for liabilities arising under the
    Securities Act may be permitted to directors, officers or
    persons controlling the registrant pursuant to the foregoing
    provisions, the registrant has been informed that in the opinion
    of the SEC such indemnification is against public policy as
    expressed in the Securities Act and is therefore unenforceable.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-1
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;21.&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Exhibits
    and Financial Statement Schedules.</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following documents are filed as exhibits to this
    Registration Statement, including those exhibits incorporated
    herein by reference to a prior filing of Sonic under the
    Securities Act or the Exchange Act as indicated in parenthesis:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="93%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Exhibit <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>No.</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .l
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of March 12, 2010, by and among Sonic
    Automotive, Inc., as issuer, the subsidiaries of Sonic named
    therein, as guarantors, and U.S. Bank National Association, as
    trustee (the &#147;Trustee&#148;) (incorporated by reference to
    Exhibit 4.2 to Sonic&#146;s Current Report on Form 8-K filed
    March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of 9.0%&#160;Senior Subordinated Note due 2018,
    Series&#160;B (included in Exhibit 4.1).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Registration Rights Agreement dated as of March 12, 2010 by and
    among Sonic Automotive, Inc., the guarantors set forth on the
    signature page thereto and Banc of America Securities LLC, as
    representative of the several initial purchasers named on
    Schedule A to the Purchase Agreement (incorporated by reference
    to Exhibit 4.1 to Sonic&#146;s Current Report on Form 8-K filed
    March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Purchase Agreement dated as of March 9, 2010 by and among Sonic
    Automotive, Inc., the guarantors named therein and Banc of
    America Securities LLC on behalf of itself and as representative
    of the initial purchasers named therein (incorporated by
    reference to Exhibit 1.1 to Sonic&#146;s Current Report on Form
    8-K filed March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Moore &#038; Van Allen PLLC regarding the validity of
    the securities being registered.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement regarding Computation of Ratio of Earnings to Fixed
    Charges.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Ernst &#038; Young LLP.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Deloitte &#038; Touche LLP.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Moore &#038; Van Allen PLLC (included in Exhibit 5.1).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Powers of Attorney (included in Signature Pages of Registration
    Statement).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form T-1 Statement of Eligibility and Qualification Under Trust
    Indenture Act of 1939 of Trustee.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter of Transmittal
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Notice of Guaranteed Delivery
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter to Clients
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter to Registered Holders
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Instructions to Registered Holders
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 9pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     *&#160;Previously filed.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;22.&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Undertakings.</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the undersigned registrants hereby undertakes:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    To file, during any period in which offers or sales are being
    made, a post-effective amendment to this registration statement:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="5%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    To include any prospectus required by Section&#160;10(a)(3) of
    the Securities Act of 1933;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    To reflect in the prospectus any facts or events arising after
    the effective date of the registration statement (or the most
    recent post-effective amendment thereof) which, individually or
    in the aggregate, represent a fundamental change in the
    information set forth in the registration statement.
    Notwithstanding the foregoing, any increase or decrease in
    volume of securities offered (if the total dollar value of
    securities offered would not exceed that which was registered)
    and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of
    prospectus filed with the Commission pursuant to
    Rule&#160;424(b) if, in the aggregate, the changes in volume and
    price represent no more than 20&#160;percent change in the
    maximum aggregate offering price set forth in the
    &#147;Calculation of Registration Fee&#148; table in the
    effective registration statement;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    To include any material information with respect to the plan of
    distribution not previously disclosed in the registration
    statement or any material change to such information in the
    registration statement;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    That, for the purpose of determining any liability under the
    Securities Act of 1933, each such post-effective amendment shall
    be deemed to be a new registration statement relating to the
    securities offered therein, and the offering of such securities
    at that time shall be deemed to be the initial <I>bona fide
    </I>offering thereof.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    To remove from registration by means of a post-effective
    amendment any of the securities being registered which remain
    unsold at the termination of the offering.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;
</TD>
    <TD align="left">
    That, for the purpose of determining liability under the
    Securities Act of 1933 to any purchaser, each prospectus filed
    pursuant to Rule&#160;424(b) as part of a registration statement
    relating to an offering, other than registration statements
    relying on Rule&#160;430B or other than prospectuses filed in
    reliance on Rule&#160;430A, shall be deemed to be part of and
    included in the registration statement as of the date it is
    first used after effectiveness. <I>Provided, however, </I>that
    no statement made in a registration statement or prospectus that
    is part of the registration statement or made in a document
    incorporated or deemed incorporated by reference into the
    registration statement or prospectus that is part of the
    registration statement will, as to a purchaser with a time of
    contract sale prior to such first use, supersede or modify any
    statement that was made in the registration statement or
    prospectus that was part of the registration statement or made
    in any such document immediately prior to such date of first use.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;
</TD>
    <TD align="left">
    That, for the purpose of determining liability of the
    registrants under the Securities Act of 1933 to any purchaser in
    the initial distribution of the securities, the undersigned
    registrants undertake that in a primary offering of securities
    of the undersigned registrants pursuant to this registration
    statement, regardless of the underwriting method used to sell
    the securities to the purchaser, if the securities are offered
    or sold to such purchaser by means of any of the following
    communications, the undersigned registrants will be a seller to
    the purchaser and will be considered to offer or sell such
    securities to such purchaser:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="5%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (i)&#160;
</TD>
    <TD align="left">
    Any preliminary prospectus or prospectus of the undersigned
    registrant relating to the offering required to be filed
    pursuant to Rule&#160;424;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (ii)&#160;
</TD>
    <TD align="left">
    Any free writing prospectus relating to the offering prepared by
    or on behalf of the undersigned registrant or used or referred
    to by the undersigned registrant;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iii)&#160;
</TD>
    <TD align="left">
    The portion of any other free writing prospectus relating to the
    offering containing material information about the undersigned
    registrant or its securities provided by or on behalf of the
    undersigned registrant;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (iv)&#160;
</TD>
    <TD align="left">
    Any other communication that is an offer in the offering made by
    the undersigned registrant to the purchaser.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="4%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (6)&#160;
</TD>
    <TD align="left">
    That, for purposes of determining any liability under the
    Securities Act of 1933, each filing of a registrant&#146;s
    annual report pursuant to Section&#160;13(a) or
    Section&#160;15(d) of the Securities Exchange Act of 1934 (and,
    where applicable, each filing of an employee benefit plan&#146;s
    annual report pursuant to Section&#160;15(d) of the Securities
    Exchange Act of 1934)&#160;that is incorporated by reference in
    the registration statement shall be deemed to be a new
    registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall
    be deemed to be the initial <I>bona fide </I>offering thereof.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (7)&#160;
</TD>
    <TD align="left">
    To file an application for the purpose of determining the
    eligibility of the trustee to act under subsection&#160;(a) of
    Section&#160;310 of the Trust&#160;Indenture Act in accordance
    with the rules and regulations prescribed by the Commission
    under Section&#160;305(b)(2) of the Act.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Insofar as indemnification for liabilities arising under the
    Securities Act of 1933&#160;may be permitted to directors,
    officers and controlling persons of the registrants pursuant to
    the foregoing provisions, or otherwise, the registrants have
    been advised that in the opinion of the Securities and Exchange
    Commission such indemnification is against public policy as
    expressed in the Act and is, therefore, unenforceable. In the
    event that a claim for indemnification against such liabilities
    (other than the payment by a registrant of expenses
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    incurred or paid by a director, officer or controlling person of
    the registrant in the successful defense of any action, suit or
    proceeding) is asserted by such director, officer or controlling
    person in connection with the securities being registered, the
    registrants will, unless in the opinion of their counsel the
    matter has been settled by controlling precedent, submit to a
    court of appropriate jurisdiction the question of whether such
    indemnification by them is against public policy as expressed in
    the Act and will be governed by the final adjudication of such
    issue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned registrants hereby undertake to respond to
    requests for information that is incorporated by reference into
    this prospectus pursuant to Item&#160;4, 10(b), 11, or 13 of
    this form, within one business day of receipt of such request,
    and to send the incorporated documents by first class mail or
    other equally prompt means. This includes information contained
    in documents filed subsequent to the effective date of the
    registration statement through the date of responding to the
    request.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned registrants hereby undertake to supply by means
    of a post-effective amendment all information concerning a
    transaction, and the company being acquired involved therein,
    that was not the subject of and included in the registration
    statement when it became effective.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE, INC.</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="5%"></TD>
    <TD width="46%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>On behalf of itself and the following entity as</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;Managing Member:</B>
</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI COLUMBUS T, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ONTARIO L, LLC</B>
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;
</TD>
    <TD align="left">
    David P. Cosper
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vice Chairman and Chief Financial Officer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman, Chief Executive Officer and Director (principal
    executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President, Chief Strategic Officer <BR>
    and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice Chairman and Chief Financial Officer (principal financial
    and accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    B. Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Executive Vice President and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>William
    I. Belk
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>William
    R. Brooks
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Victor
    H. Doolan
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>H.
    Robert Heller
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Robert
    L. Rewey
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    C. Vorhoff
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 8pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">ARNGAR, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">AUTOBAHN, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">AVALON FORD, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">CASA FORD OF HOUSTON,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA AUTO FACTORY, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA BEVERLY HILLS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA CAPITOL F, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA CAPITOL N, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA CONCORD H, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA CONCORD N, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA CONCORD T, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA DUBLIN N, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA DUBLIN VWD, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA HOLDING CORP.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA MARIN F, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA MARIN LR, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA POWAY G, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA POWAY H, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA POWAY T, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA SAN BRUNO, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA SANTA MONICA&#160;V,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA SERRAMONTE, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA SERRAMONTE H, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA SERRAMONTE L, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA STEVENS CREEK,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FAA TORRANCE CPJ, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FORT&#160;MILL FORD,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FRANCISCAN MOTORS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">FRONTIER OLDSMOBILE-CADILLAC,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">HMC FINANCE ALABAMA,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">KRAMER MOTORS
    INCORPORATED</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">L DEALERSHIP GROUP,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">MARCUS DAVID
    CORPORATION</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">ROYAL MOTOR COMPANY,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI AL HC1, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI AL HC2, INC.</FONT></B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;
    </FONT>
</TD>
    <TD align="left">
    <B><FONT style="font-size: 9pt">On behalf of itself and the
    following entity as</FONT></B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;Managing
    Member:</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI IRONDALE L, LLC</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI LONG BEACH B, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI MD HC1, INC.</FONT></B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;
    </FONT>
</TD>
    <TD align="left">
    <B><FONT style="font-size: 9pt">On behalf of itself and the
    following entity as</FONT></B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;Managing
    Member:</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI ROCKVILLE L, LLC</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI MONROVIA B, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI NC HC2, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI OH HC1, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI OK HC1, INC.</FONT></B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;
    </FONT>
</TD>
    <TD align="left">
    <B><FONT style="font-size: 9pt">On behalf of itself and the
    following entities as</FONT></B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;Managing
    Member:</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI OKLAHOMA CITY T,
    LLC</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI TULSA T, LLC</FONT></B>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SAI VA HC1, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SANTA CLARA IMPORTED CARS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC AUTOMOTIVE&#160;&#150;
    1495 AUTOMALL DRIVE,</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;COLUMBUS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC AUTOMOTIVE 2424 LAURENS
    RD.,</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;GREENVILLE,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC AUTOMOTIVE 2752 LAURENS
    RD.,</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;GREENVILLE,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC AUTOMOTIVE&#160;&#150;
    3700 WEST BROAD STREET,</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;COLUMBUS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC AUTOMOTIVE&#160;&#150;
    4000 WEST BROAD STREET,</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">&#160;&#160;COLUMBUS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; BUENA PARK H,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; CALABASAS A,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC CALABASAS M,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150;
    CALABASAS&#160;V, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; CAPITOL
    IMPORTS, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; CARSON F,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; CARSON LM,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC COAST CADILLAC,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; DOWNEY
    CADILLAC, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC ESTORE, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; FORT&#160;MILL
    CHRYSLER JEEP, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; FORT&#160;MILL
    DODGE, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC FREMONT, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; HARBOR CITY H,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; MANHATTAN
    FAIRFAX, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; MASSEY
    CHEVROLET, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; NEWSOME
    CHEVROLET WORLD,&#160;INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; NEWSOME OF
    FLORENCE, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; NORTH
    CHARLESTON, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; NORTH
    CHARLESTON DODGE, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; RIVERSIDE AUTO
    FACTORY, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC SANTA MONICA M,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC SANTA MONICA S,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; SATURN OF
    SILICON VALLEY, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC SERRAMONTE&#160;I,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; STEVENS CREEK
    B, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC TYSONS CORNER H,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC TYSONS CORNER INFINITI,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC WALNUT CREEK M,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; WEST COVINA T,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC&#160;&#150; WILLIAMS
    CADILLAC, INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">SONIC WILSHIRE CADILLAC,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">STEVENS CREEK CADILLAC,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">TOWN AND COUNTRY FORD,
    INCORPORATED</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">VILLAGE IMPORTED CARS,
    INC.</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">WINDWARD, INC.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>


<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-size: 9pt">By:&#160;
    </FONT>
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;"><FONT style="font-size: 9pt">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></FONT></DIV><FONT style="font-size: 9pt">
    </FONT>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
    </FONT>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-size: 9pt">&#160;&#160;
    </FONT>
</TD>
    <TD align="left">
    <FONT style="font-size: 9pt">David P. Cosper
    </FONT>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">Vice President and Treasurer
    </FONT>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Director<BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>FIRSTAMERICA AUTOMOTIVE, INC.</B>
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;
</TD>
    <TD align="left">
    David P. Cosper
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman, Chief Executive Officer and Director (principal
    executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MOUNTAIN STATES MOTORS CO., INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC1, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC2, INC.</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="5%"></TD>
    <TD width="46%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    <B>On behalf of itself and the following entity as</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;Managing Member:</B>
</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI CLEARWATER T, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC3, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC4, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC5, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC6, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FL HC7, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 1720 MASON AVE.,</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;DB,&#160;INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 6008&#160;N.&#160;DALE</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;MABRY,&#160;FL, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; DENVER T, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; DENVER VOLKSWAGEN, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; ENGLEWOOD M, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LLOYD NISSAN, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LLOYD PONTIAC&#160;&#150; CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LONE TREE CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; MASSEY PONTIAC BUICK GMC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; SANFORD CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; SHOTTENKIRK, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; SOUTH CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Z MANAGEMENT, INC.</B>
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;
</TD>
    <TD align="left">
    David P. Cosper
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vice President and Treasurer
</DIV>

  <!-- XBRL Pagebreak Begin -->


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Director <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ANTREV, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI ATLANTA B, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI BROKEN ARROW C, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI CHARLOTTE M, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI COLUMBUS MOTORS, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI COLUMBUS VWK, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI IRONDALE IMPORTS, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI MONTGOMERY B, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI MONTGOMERY BCH, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI MONTGOMERY CH, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI OKLAHOMA CITY C, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI OKLAHOMA CITY H, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI RIVERSIDE C, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI ROCKVILLE IMPORTS, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI TULSA N, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 9103&#160;E. INDEPENDENCE,</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;NC, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC DEVELOPMENT, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LAKE NORMAN
    CHRYSLER&#160;&#160;JEEP,&#160;LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LS, LLC</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="5%"></TD>
    <TD width="46%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    <B>On behalf of itself and the following entity as</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;General Partner:</B>
</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LS CHEVROLET, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE HOLDING, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE ALABAMA&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE ALABAMA&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE ALABAMA&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE ALABAMA&#160;&#150; 5, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 1, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 5, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 6, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SREALESTATE ARIZONA&#160;&#150; 7, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE OKLAHOMA&#160;&#150; 1, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE OKLAHOMA&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE OKLAHOMA&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE OKLAHOMA&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE OKLAHOMA&#160;&#150; 5, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE SOUTH CAROLINA&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE VIRGINIA&#160;&#150; 1, LLC</B>
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;
</TD>
    <TD align="left">
    David P. Cosper
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vice President and Treasurer
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ADI OF THE SOUTHEAST LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 1, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 5, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE CALIFORNIA&#160;&#150; 6, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE MARYLAND&#160;&#150; 1, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE MARYLAND&#160;&#150; 2, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE MICHIGAN&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE SOUTH CAROLINA&#160;&#150; 3, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE SOUTH CAROLINA&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 4, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 5, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 6, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 7, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 8, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TENNESSEE&#160;&#150; 9, LLC</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE VIRGINIA&#160;&#150; 2, LLC</B>
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="2%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;
</TD>
    <TD align="left">
    David P. Cosper
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 55%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Vice President and Treasurer
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer and Manager (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CORNERSTONE ACCEPTANCE CORPORATION</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>FRANK PARRA AUTOPLEX, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MASSEY CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MASSEY CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AGENCY, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; CAPITOL CADILLAC, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC OF TEXAS, INC.</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="44%"></TD>
    <TD width="5%"></TD>
    <TD width="51%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>On behalf of itself and the following entities as</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;General Partner:</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PHILPOTT MOTORS, LTD.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC ADVANTAGE PA, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 3401&#160;N.&#160;MAIN, TX,
    L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 4701 I&#160;&#150; 10 EAST, TX,
    L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE&#160;&#150; 5221 I&#160;&#150; 10 EAST, TX,
    L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE OF TEXAS, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#160;&#150;&#160;CADILLAC D, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; CAMP FORD, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; CARROLLTON&#160;V, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; CLEAR LAKE N, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; CLEAR LAKE VOLKSWAGEN, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; FORT&#160;WORTH T, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; FRANK PARRA AUTOPLEX, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; HOUSTON JLR, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; HOUSTON LR, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; HOUSTON&#160;V, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; JERSEY VILLAGE VOLKSWAGEN, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; LUTE RILEY, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; MASSEY CADILLAC, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; MESQUITE HYUNDAI, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC MOMENTUM B, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC MOMENTUM JVP, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC MOMENTUM VWA, LP</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; READING, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; RICHARDSON F, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; SAM WHITE NISSAN, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; UNIVERSITY PARK A, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 1, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 2, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 3, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 4, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 5, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 6, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 7, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE TEXAS&#160;&#150; 8, L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC OKEMOS IMPORTS, INC.</B>
</DIV>

<DIV align="left" style="margin-left: 44%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; PLYMOUTH CADILLAC, INC.</B>
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="44%"></TD>
    <TD width="4%"></TD>
    <TD width="52%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 48%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 48%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 48%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Director <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>FORT&#160;MYERS COLLISION CENTER, LLC<BR>
    SAI ORLANDO CS, LLC<BR>
    SONIC AUTOMOTIVE&#160;&#150; 1720 MASON AVE.,</B>
</DIV>


<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;DB,&#160;LLC<BR>
    SRE COLORADO&#160;&#150; 1, LLC<BR>
    SRE COLORADO&#160;&#150; 2, LLC<BR>
    SRE COLORADO&#160;&#150; 3, LLC<BR>
    SRE FLORIDA&#160;&#150; 1, LLC<BR>
    SRE FLORIDA&#160;&#150; 2, LLC<BR>
    SRE FLORIDA&#160;&#150; 3, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC DIVISIONAL OPERATIONS, LLC<BR>
    SONIC&#160;&#150; INTEGRITY DODGE LV, LLC<BR>
    SONIC&#160;&#150; LAS VEGAS C EAST, LLC<BR>
    SONIC&#160;&#150; LAS VEGAS C WEST, LLC<BR>
    SONIC&#160;&#150; VOLVO LV, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer<BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>FAA LAS VEGAS H, INC.<BR>
    SONIC RESOURCES, INC.<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman and Chief Executive Officer (principal executive
    officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE OF NEVADA, INC.</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="5%"></TD>
    <TD width="46%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>On behalf of itself and the following entities as</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;Managing Member:</B>
</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI GEORGIA, LLC</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="11%"></TD>
    <TD width="40%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>On behalf of itself and the following</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;entities as General Partner:</B>
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI GA HC1, LP</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="60%"></TD>
    <TD width="7%"></TD>
    <TD width="33%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>On behalf of itself and the</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 67%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;following entity as Managing</B>
</DIV>

<DIV align="left" style="margin-left: 67%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;Member:</B>
</DIV>

<DIV align="left" style="margin-left: 67%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI STONE MOUNTAIN T, LLC</B>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="11%"></TD>
    <TD width="40%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</B>
</TD>
    <TD align="left">
    <B>SONIC PEACHTREE INDUSTRIAL</B>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;BLVD., L.P.</B>
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC&#160;&#150; STONE MOUNTAIN T, LP</B>
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE GEORGIA&#160;&#150; 1, LP</B>
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE GEORGIA&#160;&#150; 2, LP</B>
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE GEORGIA&#160;&#150; 3, LP</B>
</DIV>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer and Director (principal executive
    officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Director (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE NEVADA&#160;&#150; 1, LLC<BR>
    SRE NEVADA&#160;&#150; 2, LLC<BR>
    SRE NEVADA&#160;&#150; 3, LLC<BR>
    SRE NEVADA&#160;&#150; 4, LLC<BR>
    SRE NEVADA&#160;&#150; 5, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI NASHVILLE MOTORS, LLC<BR>
    SONIC&#160;&#150; CHATTANOOGA D EAST, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE F&#038;I, LLC<BR>
    SONIC AUTOMOTIVE SUPPORT, LLC<BR>
    SONIC AUTOMOTIVE WEST, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="12%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman and Chief Executive Officer (principal executive
    officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager <BR>
    (principal financial and accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Greg
    Young
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI ANN ARBOR IMPORTS, LLC<BR>
    SAI LANSING CH, LLC<BR>
    SAI PLYMOUTH C, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI PEACHTREE, LLC<BR>
    SONIC AUTOMOTIVE 5260 PEACHTREE<BR>
    &#160;&#160;INDUSTRIAL BLVD., LLC</B> <BR>
    <B>SRE TENNESSEE&#160;&#150; 1,&#160;LLC<BR>
    SRE TENNESSEE&#160;&#150; 2, LLC<BR>
    SRE TENNESSEE&#160;&#150; 3, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Governor <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President and Governor
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Governor (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI NASHVILLE CSH, LLC<BR>
    SAI NASHVILLE H, LLC<BR>
    SAI NASHVILLE M, LLC<BR>
    SAI TN HC1, LLC<BR>
    SAI TN HC2, LLC<BR>
    SAI TN HC3, LLC<BR>
    SONIC AUTOMOTIVE&#160;&#150; 2490 SOUTH LEE</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;HIGHWAY, LLC<BR>
    SONIC AUTOMOTIVE OF CHATTANOOGA, LLC<BR>
    SONIC AUTOMOTIVE OF NASHVILLE, LLC<BR>
    SONIC 2185 CHAPMAN RD.,</B>
</DIV>


<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;&#160;CHATTANOOGA, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Manager and Governor
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Governor (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Governor
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SRE NORTH CAROLINA&#160;&#150; 1, LLC<BR>
    SRE NORTH CAROLINA&#160;&#150; 2, LLC<BR>
    SRE NORTH CAROLINA&#160;&#150; 3, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="12%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>O.
    Bruton Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chief Executive Officer and Manager (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper </FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager<BR>
    (principal financial and accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Stephen
    K. Coss
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Secretary and Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

  <!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, the
    Registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the city of Charlotte, state of North Carolina,
    on April&#160;5, 2010.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SAI FORT&#160;MYERS B, LLC<BR>
    SAI FORT&#160;MYERS H, LLC<BR>
    SAI FORT&#160;MYERS M, LLC<BR>
    SAI FORT&#160;MYERS VW, LLC<BR>
    </B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV>
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;David P. Cosper
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Vice President and Treasurer
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%">&nbsp;</TD>  <!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>  <!-- colindex=02 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=03 type=gutter -->
    <TD width="39%">&nbsp;</TD>         <!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>  <!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>         <!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Signature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Title
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    Date
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>B.
    Scott Smith
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Manager <BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">/s/&nbsp;&nbsp;&nbsp;David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    P. Cosper
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice President, Treasurer and Manager (principal financial and
    accounting officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    April&#160;5, 2010
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>David
    B. Smith
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Manager
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="7">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" valign="top">
    &#160;&#160;&#160;&#160;&#160;David P. Cosper, by signing his
    name below, signs this document on behalf of each of the
    above-named persons specified with an asterisk (*), pursuant to
    a power of attorney duly executed by such persons, filed with
    the Securities and Exchange Commission in the Registrant&#146;s
    Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    on March&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" valign="top">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">David
    P. Cosper</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

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    <BR>
    II-28
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;INDEX</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="92%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Exhibit<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>No.</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .l
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Indenture dated as of March 12, 2010, by and among Sonic
    Automotive, Inc., as issuer, the subsidiaries of Sonic named
    therein, as guarantors, and U.S. Bank National Association, as
    trustee (the &#147;Trustee&#148;) (incorporated by reference to
    Exhibit 4.2 to Sonic&#146;s Current Report on Form 8-K filed
    March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of 9.0%&#160;Senior Subordinated Note due 2018,
    Series&#160;B (included in Exhibit 4.1).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Registration Rights Agreement dated as of March 12, 2010 by and
    among Sonic Automotive, Inc., the guarantors set forth on the
    signature page thereto and Banc of America Securities LLC, as
    representative of the several initial purchasers named on
    Schedule A to the Purchase Agreement (incorporated by reference
    to Exhibit 4.1 to Sonic&#146;s Current Report on Form 8-K filed
    March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Purchase Agreement dated as of March 9, 2010 by and among Sonic
    Automotive, Inc., the guarantors named therein and Banc of
    America Securities LLC on behalf of itself and as representative
    of the initial purchasers named therein (incorporated by
    reference to Exhibit 1.1 to Sonic&#146;s Current Report on Form
    8-K filed March 15, 2010).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Moore &#038; Van Allen PLLC regarding the validity of
    the securities being registered.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement regarding Computation of Ratio of Earnings to Fixed
    Charges.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Ernst &#038; Young LLP.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Deloitte &#038; Touche LLP.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Moore &#038; Van Allen PLLC (included in Exhibit 5.1).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Powers of Attorney (included in Signature Pages of Registration
    Statement).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    25
</TD>
<TD nowrap align="left" valign="top">
    .1*
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form T-1 Statement of Eligibility and Qualification Under Trust
    Indenture Act of 1939 of Trustee.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter of Transmittal
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Notice of Guaranteed Delivery
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter to Clients
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Letter to Registered Holders
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Instructions to Registered Holders
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 8pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     *&#160;Previously filed.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-29
</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>g22591a1exv5w1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">April 5, 2010
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sonic Automotive, Inc.<BR>
6415 Idlewild Road, Suite&nbsp;109<BR>
Charlotte, NC 28202

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Re: Sonic Automotive, Inc. &#151;
Registration Statement on Form&nbsp;S-4 (Reg. No. 333-165718 and<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reg. Nos. 333-165718-01 to
333-165718-277) (the &#147;Form&nbsp;S-4&#148;)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Gentlemen:

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have acted as counsel for Sonic Automotive, Inc., a Delaware corporation (the &#147;Company&#148;), and
the subsidiaries of the Company named as co-registrants in the Form S-4 (the &#147;Guarantors&#148; and
together with the Company, the &#147;Issuers&#148;), in connection with the registration by the Company and
the Guarantors under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), of the offer
and issuance of up to $210,000,000 aggregate principal amount of the Company&#146;s 9.0% Senior
Subordinated Notes due 2018, Series&nbsp;B with guarantees (the &#147;Exchange Notes&#148;) to be offered by the
Issuers in exchange for a like principal amount of the Company&#146;s issued and outstanding 9.0% Senior
Subordinated Notes due 2018, Series&nbsp;A (the &#147;Original Notes&#148;). The Exchange Notes are to be issued
under an existing Indenture dated March&nbsp;12, 2010 (the &#147;Indenture&#148;) among the Issuers and U.S. Bank
National Association, as trustee (the &#147;Trustee&#148;), which is an exhibit to the Form S-4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have examined originals or copies, certified or otherwise identified to our satisfaction, of (i)
the Amended and Restated Certificate of Incorporation and Bylaws of the Company, (ii)&nbsp;the
Indenture, and (iii)&nbsp;such other certificates, instruments and documents as we considered
appropriate for purposes of the opinions hereafter expressed. In all such examinations and for
purposes of rendering these opinions, we have assumed the authenticity of all original and
certified documents and conformity to original or certified documents of all copies submitted to us
as conformed or facsimile, electronic or photostatic copies. As to various questions of fact
relevant to the opinions expressed herein, we have relied upon, and assume the accuracy of,
representations and warranties contained in the Indenture, which includes the form of the Exchange
Notes, and any instruments related thereto and oral or written statements and other information of
or from public officials, officers or representatives of the Company, the Guarantors and others,
and assume compliance on the part of all parties to the Indenture and the Exchange Notes, and the
instruments related thereto with the covenants and agreements contained therein. With your
permission, all assumptions and statements of reliance herein have been made without any
independent investigation or verification on our part except to the extent otherwise expressly
stated, and we express no opinion with respect to the subject matter or accuracy of such
assumptions or items relied upon. In addition, we reviewed such questions of law as we considered
appropriate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with this opinion, we have assumed that (i)&nbsp;the Form S-4 and any amendments thereto
(including post-effective amendments) have become effective, no stop order suspending the
effectiveness of the Form S-4 or preventing the use of any prospectus or prospectus supplement has
been or will be issued and no proceedings for that purpose have been or will be instituted or
threatened by the Securities and Exchange
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sonic Automotive, Inc.<BR>
April 5, 2010<BR>
Page 2

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commission (the &#147;Commission&#148;); (ii)&nbsp;the Indenture will have been qualified under the Trust
Indenture Act of 1939, as amended, (iii)&nbsp;the Exchange Notes will be issued and sold in compliance
with applicable federal and state securities laws in exchange for the Original Notes in the manner
and in accordance with the terms stated in the Form S-4; (iv)&nbsp;the Exchange Notes will be duly
authorized, executed and delivered by the parties thereto in substantially the form reviewed by us
and in accordance with the provisions of the Indenture; (v)&nbsp;the Exchange Notes will be duly
authenticated by the Trustee in the manner provided in the Indenture; (vi)&nbsp;each person who signed
the Indenture had, and each person who will sign the Exchange Notes will have, the legal capacity
and authority to do so and the Indenture has been duly authorized, executed and delivered by the
parties thereto (other than the Issuers); (vii)&nbsp;the Issuers are and will continue to be validly
existing and in good standing under the laws of their respective jurisdictions of organization,
have the power and authority to enter into and perform their obligations under the Exchange Notes
and to consummate the transactions contemplated thereby; (viii)&nbsp;the Indenture constitutes the
legal, valid binding obligation of the Trustee and (ix)&nbsp;all signatures are genuine.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based upon the foregoing and subject to the limitations, qualifications and assumptions set forth
herein, we are of the opinion that the Exchange Notes including the
related guarantees, when issued by the Issuers, will constitute
valid and legally binding obligations of the Issuers, enforceable against the Issuers in accordance
with their terms.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The opinions expressed herein are limited to matters governed by the laws of the States of North
Carolina and New York, the General Corporation Law of the State of Delaware (including the
applicable provisions of the Delaware Constitution, and the reported cases interpreting those
laws), the Securities Act and the applicable business corporation, limited liability company or
limited partnership laws of the States of Alabama, Arizona, California, Colorado, Florida, Georgia,
Hawaii, Maryland, Michigan, Nevada, Ohio, Oklahoma, South Carolina, Tennessee, Texas and Virginia,
as currently in effect and no opinion is expressed with respect to any other laws or any effect
that such other laws may have on the opinions expressed herein. Except with respect to the
opinions provided herein, we do not purport to be expert with respect to the laws of the States of
Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Maryland, Michigan, Nevada, Ohio,
Oklahoma, Tennessee, Texas and Virginia and our opinions with respect to the laws of such states
are based solely upon our reading of the texts of the relevant corporate, limited liability company
and limited partnership statutes. The opinions expressed herein are limited to the matters stated
herein, and no opinion is implied or may be inferred beyond the matters expressly stated herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We express no opinion as to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the legality, validity, binding effect or enforceability of any provision of the Indenture
or the Exchange Notes relating to indemnification or contribution or
exculpation;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the legality, validity, binding effect or enforceability of any provision of the
Indenture or the Exchange Notes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) containing any purported waiver, release, variation, disclaimer, consent or other
agreement of similar effect (all of the foregoing, collectively, a &#147;<B><I>Waiver</I></B>&#148;) by the Company
or the Guarantors under any of such agreements or instruments to the extent limited by
provisions of applicable law (including judicial decisions), or to the extent that such a
Waiver applies to a right, claim, duty, defense or ground for discharge otherwise existing
or occurring as a matter of law
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sonic Automotive, Inc.<BR>
April 5, 2010<BR>
Page 3

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(including judicial decisions), except to the extent that
such a Waiver is effective under, and is not prohibited by or void or invalid under,
provisions of applicable law (including judicial decisions);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) related to (I)&nbsp;forum selection or submission to jurisdiction (including, without
limitation, any waiver of any objection to venue in any court or of any objection that a
court is an inconvenient forum) to the extent that the legality, validity, binding effect or
enforceability of any such provision is to be determined by any court other than a court of
the State of New York, or (II)&nbsp;choice of governing law to the extent that the legality,
validity, binding effect or enforceability of any such provision is to be determined by any
court other than a court of the State of New York or a federal district court sitting in the
State of New York, in each case, applying the choice of law principles of the State of New
York;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) specifying that provisions thereof may be waived only in writing, to the extent
that an oral agreement or an implied agreement by trade practice or course of conduct has
been created that modifies any provision of such agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) purporting to give any person or entity the power to accelerate obligations without
any notice to the obligor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) which may be construed to be in the nature of a penalty; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the legality, validity, binding effect or enforceability of any Waiver in the guarantees
insofar as it relates to causes or circumstances that would operate as a discharge or release of,
or defense available to, the Company or any Guarantor as a matter of law (including judicial
decisions), except to the extent such Waiver is effective under and is not prohibited by or void or
invalid under applicable law (including judicial decisions).
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The opinion expressed herein is subject to the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;bankruptcy, insolvency, reorganization, moratorium (or other related judicial doctrines)
and other laws now or hereafter in effect affecting creditors&#146; rights and remedies generally;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;general principles of equity (including, without limitation, standards of materiality,
good faith, fair dealing and reasonableness, equitable defenses and limits as to the availability
of equitable remedies) whether such principles are considered in a proceeding in equity or at law;
and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the application of any applicable fraudulent conveyance, fraudulent transfer, fraudulent
obligation, or preferential transfer law or any law governing the distribution of assets of any
person now or hereafter in effect affecting creditors&#146; rights and remedies generally.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;provisions in the Indenture or the Exchange Notes that provide that the Guarantors&#146;
liability thereunder shall not be affected by (I)&nbsp;actions or failures to act on the part of the
holders or the Trustee, (II)&nbsp;amendments or waivers of provisions of documents governing the
guaranteed obligations or (III)&nbsp;other actions, events or circumstances that make more burdensome or
otherwise change the obligations and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sonic Automotive, Inc.<BR>
April 5, 2010<BR>
Page 4

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">liabilities of the Guarantors, might not be enforceable under
circumstances and in the event of actions that change the essential nature of the terms and
conditions of the guaranteed obligations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;we express no opinion as to whether the guarantees or Article&nbsp;Thirteen of the Indenture
would be deemed by a court of competent jurisdiction to be within the authorized corporate power of
any Guarantor;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;we have assumed consideration that is fair and sufficient to support the guarantees under
the Indenture has been, and would be deemed by a court of competent jurisdiction to have been, duly
received by each Guarantor; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;the qualification that certain provisions of the Indenture or the Exchange Notes or any
other instruments defining the rights of holders thereof may be unenforceable in whole or in part,
but the inclusion of such provisions does not affect the validity as against the Company or any of
the Guarantors of the Indenture or the Exchange Notes or any other instruments defining the rights
of holders thereof as a whole, and the Indenture or the Exchange Notes or any other instruments
defining the rights of holders thereof and the laws of the State of New York contain adequate
provisions for enforcing payment of the obligations governed or secured thereby, subject to the
other qualifications contained in this letter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The opinions expressed herein are given as of the date hereof, and we undertake no obligation to
supplement this letter if any applicable laws change after the date hereof or if we become aware of
any facts that might change the opinions expressed herein or for any other reason. No opinion may
be inferred or implied beyond the matters expressly contained herein. We do not find it necessary
for purposes of this opinion, and accordingly we do not purport to cover herein, the application of
the securities or &#147;Blue Sky&#148; laws of the various states to the offer and sale of the Exchange
Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby consent to the filing of this opinion as an exhibit to the Form S-4 and to the reference
to this firm under the caption &#147;Legal Matters&#148; in the prospectus and &#147;Legal Matters&#148; in any
prospectus or prospectus supplement forming part of the Form S-4. In giving such consent, we do
not hereby admit that we are in the category of such persons whose consent is required under
Section&nbsp;7 of the Securities Act or the rules and regulations of the Commission promulgated
thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Very truly yours,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ Moore
&#038; Van Allen PLLC
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>g22591a1exv23w1.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;23.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Consent of Independent Registered Public Accounting Firm</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We consent to the reference to our firm under the caption &#147;Experts&#148; in this Registration Statement
(Amendment No.&nbsp;1 to Form S-4 No.&nbsp;333-165718 and Nos. 333-165718-01 through 333-165718-277) and
related Prospectus of Sonic Automotive, Inc. for the registration of $210&nbsp;million of 9.0% Senior
Subordinated Notes due 2018, Series&nbsp;B and the related Guarantees of 9.0% Senior Subordinated Notes
due 2018, Series&nbsp;B and to the incorporation by reference therein of our reports dated February&nbsp;24,
2010, with respect to the consolidated financial statements of Sonic Automotive, Inc. as of and for
the years ended December&nbsp;31, 2009 and 2008 and the effectiveness of internal control over financial
reporting of Sonic Automotive, Inc., included in its Annual Report (Form 10-K) for the year ended
December&nbsp;31, 2009, filed with the Securities and Exchange Commission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ ERNST &#038; YOUNG LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Charlotte, North Carolina<BR>
April&nbsp;5, 2010
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>g22591a1exv23w2.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;23.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">We consent to the incorporation by reference in this Registration Statement on Form S-4 of our
report dated February&nbsp;29, 2008 (May&nbsp;28, 2009 as to the third and fourth paragraphs under the Recent
Accounting Pronouncements heading in Note 1, the fourth paragraph under the Dispositions heading in
Note 2, the first and second paragraphs in Note 7 and the fifth paragraph in Note 9) (February&nbsp;24,
2010 as to the first paragraph under the Reclassifications heading in Note 1) relating to the 2007
consolidated statements of income, stockholders&#146; equity, and cash flows (including retrospective
adjustments to the 2007 consolidated financial statements and financial statement disclosures) of
Sonic Automotive, Inc. (which report expresses an unqualified opinion and includes explanatory
paragraphs regarding the adoption of the updated provisions of &#147;Income Taxes&#148; in the Accounting
Standards Codification (&#147;ASC&#148;) as of January&nbsp;1, 2007, the adoption of the updated provisions of
&#147;Debt with Conversion and Other Options&#148; in the ASC and for the adoption of the updated provisions
of &#147;Earnings Per Share&#148; in the ASC), appearing in the Annual Report on Form 10-K of Sonic
Automotive, Inc. for the year ended December&nbsp;31, 2009, and to the reference to us under the heading
&#147;Experts&#148; in the Prospectus, which is part of this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ DELOITTE &#038; TOUCHE LLP
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Charlotte, North Carolina<BR>
April&nbsp;5, 2010
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>g22591a1exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
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<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;99.1</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SONIC
    AUTOMOTIVE, INC.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 14pt">OFFER TO
    EXCHANGE</FONT></I></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">9.0 % Senior Subordinated
    Notes&#160;Due 2018, Series&#160;B,</FONT></I></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">Which Have Been Registered
    Under The Securities Act of 1933, As Amended</FONT></I></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">For Any And All
    Outstanding</FONT></I></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">9.0% Senior Subordinated
    Notes&#160;Due 2018, Series&#160;A,</FONT></I></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">Which Have Not Been
    Registered Under The Securities Act of 1933, As
    Amended</FONT></I></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Pursuant to the Prospectus
    dated April&#160;7, 2010.</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 12pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt"> THE EXCHANGE OFFER WILL EXPIRE
    AT 5:00&#160;P.M. NEW YORK CITY TIME, ON MAY&#160;7, 2010,
    UNLESS EXTENDED (THE &#147;EXPIRATION DATE&#148;). TENDERS MAY
    BE WITHDRAWN PRIOR TO 5:00&#160;P.M., NEW YORK CITY TIME, ON THE
    EXPIRATION DATE.</FONT></B>
</DIV>
</DIV><!-- End box 1 -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 12pt">The Exchange Agent for the
    Exchange Offer is:</FONT></I>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">U.S. BANK NATIONAL
    ASSOCIATION</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>By Messenger, Mail, or Overnight Delivery:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S. Bank National Association
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    60 Livingston Avenue
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    St. Paul, Minnesota 55107
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention: Specialized Finance
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Facsimile Transmission:</I>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(651)&#160;495-8158</FONT>
    (MN)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Confirm by Telephone:</I>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">(800)&#160;934-6802</FONT>
    (MN)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET
    FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS&#160;VIA FACSIMILE
    OTHER THAN AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID
    DELIVERY.</B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned acknowledges receipt of the Prospectus, dated
    April&#160;7, 2010 (the &#147;Prospectus&#148;), of Sonic
    Automotive, Inc., a Delaware corporation (the
    &#147;Company&#148;), and this Letter of Transmittal (this
    &#147;Letter&#148;), which together constitute the offer (the
    &#147;Exchange Offer&#148;) to exchange an aggregate principal
    amount of up to $210,000,000 9.0% Senior Subordinated
    Notes&#160;Due 2018, Series&#160;B (the &#147;New Notes&#148;)
    for an equal principal amount of the outstanding 9.0% Senior
    Subordinated Notes&#160;Due 2018, Series&#160;A (the &#147;Old
    Notes&#148;).
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For each Old Note accepted for exchange, the holder of such Old
    Note will receive a New Note having a principal amount at
    maturity equal to that of the surrendered Old Note. The New
    Notes will bear interest at a rate equal to 9.0% per annum.
    Interest on the New Notes is payable semiannually, commencing
    September&#160;15, 2010, on March 15 and September 15 of each
    year (each, an &#147;Interest Payment Date&#148;) and shall
    accrue from March&#160;12, 2010, or from the most recent
    Interest Payment Date with respect to the Old Notes to which
    interest was paid or for which interest was duly provided. The
    New Notes will mature on March&#160;15, 2018.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of New Notes will not be and, upon consummation of the
    Exchange Offer, holders of Old Notes will no longer be, entitled
    to (i)&#160;the right to receive additional interest, if any or
    (ii)&#160;certain other rights intended for holders of Old
    Notes, in either case, under a Registration Rights Agreement
    dated as of March&#160;12, 2010 by and among the Company, the
    guarantors named therein and Banc of America Securities LLC, as
    representative of several initial purchasers identified therein.
    The Exchange Offer shall be deemed consummated upon the
    occurrence of the delivery by the Company to the Registrar under
    the Indenture of New Notes in the same aggregate principal
    amount as the aggregate principal amount of Old Notes that are
    tendered by holders thereof pursuant to the Exchange Offer.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company reserves the right, in its sole discretion,
    (i)&#160;to delay accepting any Old Notes, (ii)&#160;to extend
    the Exchange Offer, in which event the term &#147;Expiration
    Date&#148; shall mean the latest time and date to which the
    Exchange Offer is extended, (iii)&#160;if the Commission does
    not declare the Registration Statement effective, to terminate
    the Exchange Offer, by giving oral or written notice of such
    delay, extension, or termination to the Exchange Agent, and
    (iv)&#160;to amend the terms of the Exchange Offer in any
    manner. If the Exchange Offer is amended in a manner determined
    by the Company to constitute a material change, the Company will
    promptly disclose such amendments by means of a prospectus
    supplement that will be distributed to the registered holders of
    the Old Notes. The Exchange Offer will then be extended so that
    at least five&#160;(5) business days remain from the date of
    such amendment until the Expiration Date. Modifications of the
    Exchange Offer, including but not limited to (i)&#160;extension
    of the period during which the Exchange Offer is open and
    (ii)&#160;satisfaction of the conditions set forth under the
    caption &#147;The Exchange Offer&#151;Conditions&#148; in the
    Prospectus, may require that at least ten (10)&#160;business
    days remain in the Exchange Offer. In order to extend the
    Exchange Offer, the Company will notify the Exchange Agent of
    any extension, amendment, non-acceptance or termination by oral
    or written notice and will make a public announcement thereof,
    each prior to 9:00&#160;a.m., New York City time, on the next
    business day after the previously scheduled Expiration Date.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Letter must be completed and delivered by a holder of Old
    Notes if: (i)&#160;certificates are to be forwarded herewith or
    (ii)&#160;tenders are to be made by book-entry transfer to the
    account maintained by the Exchange Agent at The Depository
    Trust&#160;Company (&#147;DTC&#148; or the &#147;Book-Entry
    Transfer Facility&#148;) pursuant to the procedures set forth in
    &#147;The Exchange Offer&#151;Book-Entry Transfer&#148; section
    of the Prospectus. Holders of Old Notes whose Old Notes are not
    immediately available, or who are unable to deliver their Old
    Notes or confirmation of the book-entry tender of their Old
    Notes into the Exchange Agent&#146;s account at the Book-Entry
    Transfer Facility (a &#147;Book-Entry Confirmation&#148;), as
    the case may be, and all other documents required by this Letter
    to the Exchange Agent on or prior to the Expiration Date, must
    tender their Old Notes according to the guaranteed delivery
    procedures set forth in &#147;The Exchange Offer&#151;Guaranteed
    Delivery Procedures&#148; section of the Prospectus. See
    Instruction&#160;1 to this Letter. Delivery of documents to the
    Book Entry Transfer Facility does not constitute delivery to the
    Exchange Agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Tenders by book-entry transfer may also be made by delivering an
    Agent&#146;s Message in lieu of this Letter. The term
    &#147;Agent&#146;s Message&#148; means a message transmitted by
    the Book-Entry Transfer Facility and received by the Exchange
    Agent and forming a part of a Book-Entry Confirmation, which
    states that the Book-Entry Transfer Facility has received an
    express acknowledgement from the tendering participant, which
    acknowledgement states that such participant has received and
    agrees to be bound by this Letter and the Company may enforce
    this Letter against such participant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned has completed the appropriate boxes below and
    signed this Letter to indicate the action the undersigned
    desires to take with respect to the Exchange Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the undersigned is not a broker-dealer, the undersigned
    represents that it is not engaged in, and does not intend to
    engage in, a distribution of New Notes. If the undersigned is a
    broker-dealer holding Old Notes that will receive New Notes, the
    undersigned represents that the Old Notes to be exchanged for
    the New Notes were acquired for its own account as a result of
    market-making activities or other trading activities, and the
    undersigned acknowledges that it will deliver a prospectus
    meeting the requirements of the Securities Act of 1933, as
    amended, in connection with any resale of such New Notes
    received in respect of such Old Notes pursuant to this exchange
    offer; however, by so acknowledging and by delivering such a
    prospectus in connection with the exchange of Old Notes, the
    undersigned will not be deemed to admit that it is an
    &#147;underwriter&#148; within the meaning of the Securities Act
    of 1933, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    List below the Old Notes to which this Letter relates. If the
    space provided below is inadequate, the Note numbers and
    principal amount of Old Notes should be listed on a separate
    signed schedule affixed hereto.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="53%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterright -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="10" align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <BR>
    <B><FONT style="font-size: 10pt">DESCRIPTION OF OLD
    NOTES</FONT></B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B>Name(s) and Address(es) of<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>1<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>2<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
    <B>3<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
    <B>Registered Holder(s)<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Certificate<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Principal Amount<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    <B>Principal Amount<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
    <B>(Please fill in, if blank)</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Number(s)*</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Of Old Note(s)</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    <B>Tendered**</B>
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Total
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="10" align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    *&#160;Need not be complete if Old Notes are being tendered by
    book-entry transfer.
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD colspan="10" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt">
<DIV style="text-indent: -15pt; margin-left: 20pt">
    **&#160;Unless otherwise indicated in this column, a holder will
    be deemed to have tendered the entire principal amount
    represented by the Old Note indicated in column 2.  See
    Instruction 2.  Old Notes tendered hereby must be in
    denominations of principal amount of $1,000 and any integral
    multiple thereof.  See Instruction 1.
</DIV>
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;</TD>
    <TD align="left">
    <B>CHECK HERE IF TENDERED OLD NOTES&#160;ARE BEING DELIVERED BY
    BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT MAINTAINED BY THE
    EXCHANGE AGENT WITH THE BOOK-ENTRY TRANSFER FACILITY AND
    COMPLETE THE FOLLOWING:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="24%"></TD>
    <TD width="75%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name&#160;of&#160;Tendering&#160;Institution&#160;
</TD>
    <TD valign="bottom" align="left">
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Account&#160;Number&#160;
</TD>
    <TD valign="bottom" align="left">
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="21%"></TD>
    <TD width="78%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Transaction&#160;Code&#160;Number&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;</TD>
    <TD align="left">
    <B>CHECK HERE IF TENDERED OLD NOTES&#160;ARE BEING DELIVERED
    PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY SENT TO
    THE EXCHANGE AGENT AND COMPLETE THE FOLLOWING:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="24%"></TD>
    <TD width="75%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="white-space: nowrap">Name&#160;of&#160;Registered&#160;Holder(s)&#160;</FONT>
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Window&#160;Ticket&#160;Number&#160;(if&#160;any)&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Date&#160;of&#160;Execution&#160;of&#160;Notice&#160;of&#160;Guaranteed&#160;Delivery&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name&#160;of&#160;Institution&#160;which&#160;Guaranteed&#160;Delivery&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IF DELIVERED BY BOOK-ENTRY TRANSFER, COMPLETE THE
    FOLLOWING:</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="85%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Account&#160;Number&#160;
</TD>
    <TD valign="bottom" align="left">
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="21%"></TD>
    <TD width="78%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Transaction&#160;Code&#160;Number&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;
</TD>
    <TD align="left">    <B>CHECK HERE IF TENDERED BY BOOK-ENTRY TRANSFER AND
    NON-EXCHANGED ORIGINAL NOTES&#160;ARE TO BE RETURNED BY
    CREDITING THE ACCOUNT NUMBER SET FORH ABOVE.</B>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;
</TD>
    <TD align="left">    <B>CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10
    ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
    AMENDMENTS OR SUPPLEMENTS THERETO.</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLEASE
    READ THE ACCOMPANYING INSTRUCTIONS&#160;CAREFULLY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the terms and subject to the conditions of the Exchange
    Offer, the undersigned hereby tenders to the Company the
    aggregate principal amount of Old Notes indicated above. Subject
    to, and effective upon, the acceptance for exchange of the Old
    Notes tendered hereby, the undersigned hereby sells, assigns and
    transfers to, or upon the order of, the Company all right, title
    and interest in and to such Old Notes as are being tendered
    hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned hereby irrevocably constitutes and appoints the
    Exchange Agent as the undersigned&#146;s true and lawful agent
    and attorney-in-fact with respect to such tendered Old Notes,
    with full power of substitution, among other things, to cause
    the Old Notes to be assigned, transferred and exchanged. The
    undersigned hereby represents and warrants that the undersigned
    has full power and authority to tender, sell, assign and
    transfer the Old Notes tendered hereby, and to acquire the New
    Notes issuable upon the exchange of such tendered Old Notes, and
    that the Company will acquire good and unencumbered title
    thereto, free and clear of all liens, restrictions, charges and
    encumbrances and not subject to any adverse claim when the same
    are accepted by the Company. The undersigned hereby further
    represents that any New Notes acquired in exchange for Old Notes
    tendered hereby will have been acquired in the ordinary course
    of business of the person receiving such New Notes, whether or
    not such person is the undersigned, that neither the holder of
    such Old Notes nor any such other person is engaged in, or
    intends to engage in, a distribution of such New Notes, or has
    an arrangement or understanding with any person to participate
    in the distribution of such New Notes or in the exchange offer
    for the purpose of distributing the New Notes, is not a
    broker-dealer tendering Old Notes acquired directly from the
    Company for its own account and that neither the holder of such
    Old Notes nor any such other person is an &#147;affiliate,&#148;
    as defined in Rule&#160;405 under the Securities Act of 1933, as
    amended (the &#147;Securities Act&#148;), of the Company or, if
    such holder or any such other person is an
    &#147;affiliate&#148;, that such holder or any such other person
    will comply with the registration and prospectus delivery
    requirements of the Securities Act to the extent applicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned acknowledges that this Exchange Offer is being
    made in reliance on interpretations by the staff of the
    Securities and Exchange Commission (the &#147;Commission&#148;),
    as set forth in no-action letters issued to third parties, that
    the New Notes issued in exchange for the Old Notes pursuant to
    the Exchange Offer may be offered for resale, resold and
    otherwise transferred by holders thereof (other than any such
    holder that is an &#147;affiliate&#148; of the Company within
    the meaning of Rule&#160;405 under the Securities Act), without
    compliance with the registration and prospectus delivery
    provisions of the Securities Act, provided that such holders are
    not broker-dealers, such New Notes are acquired in the ordinary
    course of such holders&#146; business and such holders are not
    engaged in, and do not intend to engage in, a distribution of
    such New Notes and have no arrangement with any person to
    participate in the distribution of such New Notes. However, the
    Commission has not considered the Exchange Offer in the context
    of a no-action letter and there can be no assurance that the
    staff of the Commission would make a similar determination with
    respect to the Exchange Offer as in other circumstances. If a
    holder of Old Notes is an affiliate of the Company, or is
    engaged in or intends to engage in a distribution of the New
    Notes or has any arrangement or understanding with respect to
    the distribution of the New Notes to be acquired pursuant to the
    Exchange Offer, such holder could not rely on the applicable
    interpretations of the staff of the Commission and must comply
    with the registration and prospectus delivery requirements of
    the Securities Act in connection with any resale transaction. By
    tendering Old Notes pursuant to the Exchange Offer and executing
    this Letter, a holder of Old Notes which is a broker-dealer
    represents and agrees, consistent with certain interpretive
    letters issued by the staff of the Division of Corporation
    Finance of the Commission to third parties, and, whether or not
    it is also an &#147;affiliate&#148; of the Company or any of the
    guarantors within the meaning of Rule&#160;405 under the
    Securities Act), that such Old Notes held by the broker-dealer
    are held only as a nominee or that the Old Notes to be exchanged
    for the New Notes were acquired by it for its own account as a
    result of market-making activities or other trading activities
    and acknowledges that it will deliver a prospectus meeting the
    requirements of the Securities Act in connection with any resale
    of such New Notes received in respect of such Old Notes pursuant
    to this exchange offer; however, by so acknowledging and by
    delivering such a prospectus in connection with the exchange of
    Old Notes, the undersigned will not be deemed to admit that it
    is an &#147;underwriter&#148; within the meaning of the
    Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned will, upon request, execute and deliver any
    additional documents reasonably deemed by the Company to be
    necessary or desirable to complete the sale, assignment and
    transfer of the Old Notes tendered hereby. All authority
    conferred or agreed to be conferred in this Letter and every
    obligation of the undersigned hereunder shall be binding upon
    the successors, assigns, heirs, executors, administrators,
    trustees in bankruptcy and legal representatives of
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the undersigned and shall not be affected by, and shall survive,
    the death or incapacity of the undersigned. This tender may be
    withdrawn only in accordance with the procedures set forth in
    &#147;The Exchange Offer&#151;Withdrawal Rights&#148; section of
    the Prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned acknowledges that tenders of Old Notes pursuant
    to any one of the procedures described in &#147;The Exchange
    Offer&#151;Procedures for Tendering&#148; in the Prospectus and
    in the instructions hereto will, upon the Company&#146;s
    acceptance for exchange of such tendered Old Notes, constitute a
    binding agreement between the undersigned and the Company upon
    the terms and subject to the conditions of the Exchange Offer.
    The undersigned recognizes that, under certain circumstances set
    forth in the Prospectus, the Company may not be required to
    accept for exchange any of the Old Notes tendered hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated herein in the box entitled
    &#147;Special Issuance Instructions&#148; below, please deliver
    the New Notes (and, if applicable, a substitute Old Note
    representing the remaining principal balance of any Old Note
    exchanged only in part) in the name of the undersigned or, in
    the case of a book-entry delivery of Old Notes, please credit
    the account indicated above maintained at the Book-Entry
    Transfer Facility. Similarly, unless otherwise indicated under
    the box entitled &#147;Special Delivery Instructions&#148;
    below, please send the New Notes (and, if applicable, a
    substitute Old Note representing the remaining principal balance
    of any Old Note exchanged only in part) to the undersigned at
    the address shown above in the box entitled &#147;Description of
    Old Notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All authority herein conferred or agreed to be conferred in this
    Letter shall survive the death or incapacity of the undersigned
    and any obligation of the undersigned hereunder shall be binding
    upon the heirs, executors, administrators, personal
    representatives, trustees in bankruptcy, legal representatives,
    successors and assigns of the undersigned. Except as stated in
    the Prospectus, this tender is irrevocable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned, by completing the box entitled
    &#147;Description of Old Notes&#148; on page&#160;3 and signing
    this Letter, will be deemed to have tendered the Old Notes as
    set forth in such box on page&#160;3.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SPECIAL ISSUANCE INSTRUCTIONS</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (See Instructions&#160;3 and 4)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To be completed <B>ONLY</B> if Notes for Old Notes not exchanged
    <FONT style="white-space: nowrap">and/or</FONT> New
    Notes are to be issued in the name of and sent to someone other
    than the person(s) whose signature(s) appear(s) on this Letter
    on page&#160;7, or if Old Notes delivered by book-entry transfer
    which are not accepted for exchange are to be returned by credit
    to an account maintained at the Book-Entry Transfer Facility
    other than the account indicated above.<BR>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Issue New Notes
    <FONT style="white-space: nowrap">and/or</FONT> Old
    Notes to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Name(s):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Please Type or Print)<BR>
    </FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    <BR>
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><I><FONT style="font-size: 8pt">(Please
    Type or Print)<BR>
    </FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Address:&#160;</TD>
    <TD valign="bottom" align="center">
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    <BR>
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><I><FONT style="font-size: 8pt">(Including
    Zip Code)<BR>
    </FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="38%"></TD>
    <TD width="62%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Taxpayer&#160;Identification&#160;or&#160;Social&#160;Security&#160;Number:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Complete accompanying Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9)</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Credit unexchanged Old Notes delivered by book-entry transfer to
    the Book-Entry Transfer Facility account set forth below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="47%"></TD>
    <TD width="53%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">(Book-Entry&#160;Transfer&#160;Facility&#160;Account&#160;Number,&#160;if&#160;applicable):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->
<BR>
<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SPECIAL DELIVERY INSTRUCTIONS<BR>
    </B>(See Instructions&#160;3 and 4)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To be completed <B>ONLY</B> if Notes or Old Notes not exchanged
    <FONT style="white-space: nowrap">and/or</FONT> New
    Notes are to be sent to someone other than the person(s) whose
    signature(s) appear(s) on this Letter above or to such person(s)
    at an address other than shown in the box entitled
    &#147;Description of Old Notes&#148; on this Letter above.<BR>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="27%"></TD>
    <TD width="73%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Mail&#160;New&#160;Notes&#160;and/or&#160;Old&#160;Notes&#160;to:&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Name(s):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Please Type or Print)<BR>
    </FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><I><FONT style="font-size: 8pt">(Please
    Type or Print)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Address:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><I><FONT style="font-size: 8pt">(Including
    Zip Code)</FONT></I>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
</DIV><!-- End box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IMPORTANT:&#160;&#160;THIS LETTER OR A FACSIMILE HEREOF
    (TOGETHER WITH THE OLD NOTES&#160;AND ALL OTHER REQUIRED
    DOCUMENTS OR THE NOTICE OF GUARANTEED DELIVERY), OR A BOOK-ENTRY
    CONFIRMATION, AS THE CASE MAY BE, MUST BE RECEIVED BY THE
    EXCHANGE AGENT PRIOR TO 5:00&#160;P.M., NEW YORK TIME, ON THE
    EXPIRATION DATE.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PLEASE READ THIS LETTER OF TRANSMITTAL</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CAREFULLY BEFORE COMPLETING ANY BOX ABOVE</B>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 50 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PLEASE SIGN HERE<BR>
    (TO BE COMPLETED BY ALL TENDERING HOLDERS)<BR>
    (COMPLETE ACCOMPANYING SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dated:<U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>,
    2010
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#160;</TD>
    <TD valign="bottom" align="left">
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>&#160;X
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;
</TD>
    <TD valign="bottom" align="left">
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>&#160;X
</TD>
</TR>

</TABLE>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Date)</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="20%"></TD>
    <TD width="80%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <I>Area&#160;Code&#160;and&#160;Telephone:&#160;</I></TD>
    <TD valign="bottom" align="left">
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a holder is tendering any Old Notes, this letter must be
    signed by the registered holder(s) or DTC participant(s) exactly
    as the name(s) appear(s) on the Note(s) for the Old Notes or by
    any person(s) authorized to become registered holder(s) by
    endorsements and documents transmitted herewith. If signature is
    by a trustee, executor, administrator, guardian, officer or
    other person acting in a fiduciary or representative capacity,
    please provide the following information. See Instruction&#160;3.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Name(s):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Please Type or Print)</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="16%"></TD>
    <TD width="84%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Capacity&#160;(Full&#160;Title):&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Address:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Including Zip Code)</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="38%"></TD>
    <TD width="62%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Taxpayer&#160;Identification&#160;or&#160;Social&#160;Security&#160;Number:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURE
    GUARANTEE<BR>
    (IF REQUIRED BY INSTRUCTION&#160;3)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="37%"></TD>
    <TD width="63%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Signature(s)&#160;Guaranteed&#160;by&#160;an&#160;Eligible&#160;Institution:</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Authorized Signature)</I>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Title)</I>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>(Name and Firm)</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dated:&#160;<U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>,
    2010
</DIV>
</DIV><!-- End box 50 -->
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INSTRUCTIONS<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORMING
    PART&#160;OF THE TERMS AND CONDITIONS OF THE OFFER TO EXCHANGE
    9.0% SENIOR SUBORDINATED NOTES&#160;DUE 2018, SERIES&#160;B,
    WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
    AMENDED, FOR ANY AND ALL OUTSTANDING 9.0% SENIOR SUBORDINATED
    NOTES&#160;DUE 2018, SERIES&#160;A OF SONIC AUTOMOTIVE,
    INC.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>1.&#160;Delivery of this Letter and Old Notes; Guaranteed
    Delivery Procedures.</I>&#160;&#160;This Letter must be
    completed by holders of Old Notes either if certificates are to
    be forwarded herewith or if tenders are to be made pursuant to
    the procedures for delivery by book-entry transfer set forth in
    &#147;The Exchange Offer&#151;Book-Entry Transfer&#148; section
    of the Prospectus. Certificates for all physically tendered Old
    Notes, or Book-Entry Confirmation, as the case may be, as well
    as a properly completed and duly executed Letter (or manually
    signed facsimile thereof), with any required signature
    guarantees, and any other documents required by this Letter,
    must be received by the Exchange Agent at its address set forth
    herein on or prior to the Expiration Date, or the tendering
    holder must comply with the guaranteed delivery procedures set
    forth below. Old Notes tendered hereby must be in denominations
    of principal amount of $1,000 or any integral multiple thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders who tender their Old Notes by delivering an Agent&#146;s
    Message do not need to submit this Letter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders whose Old Notes are not immediately available or who
    cannot deliver their Old Notes or a Book-Entry Confirmation, as
    the case may be, and all other required documents to the
    Exchange Agent on or prior to the Expiration Date, may tender
    their Old Notes pursuant to the guaranteed delivery procedures
    set forth in &#147;The Exchange Offer&#151;Guaranteed Delivery
    Procedures&#148; section of the Prospectus. Pursuant to such
    procedures, (i)&#160;such tender must be made by or through an
    Eligible Institution (as defined below) and a Notice of
    Guaranteed Delivery in the Form of Exhibit&#160;99.2 to the
    Registration Statement of which the Prospectus forms a part, a
    copy of which may be obtained from the Exchange Agent (a
    &#147;Notice of Guaranteed Delivery&#148;), must be properly
    completed and duly executed by such holder, (ii)&#160;on or
    prior to 5:00&#160;P.M., New York City time, on the Expiration
    Date, the Exchange Agent must receive from such Eligible
    Institution a properly completed and duly executed Letter and
    Notice of Guaranteed Delivery, substantially in the form
    provided by the Company (by facsimile transmission, mail or hand
    delivery), setting forth the name and address of the holder of
    Old Notes, the certificate number or numbers of the tendered Old
    Notes and the principal amount of Old Notes tendered, stating
    that the tender is being made thereby and guaranteeing that
    within three New York Stock Exchange (&#147;NYSE&#148;) trading
    days after the Expiration Date, the certificates for all
    physically tendered Old Notes, in proper form for transfer, or a
    Book-Entry Confirmation, as the case may be, as well as all
    other documents required by this Letter will be deposited by the
    Eligible Institution with the Exchange Agent, and (iii)&#160;the
    certificates for all physically tendered Old Notes, in proper
    form for transfer, or a Book-Entry Confirmation, as the case may
    be, as well as all other documents required by this Letter
    (properly completed and duly executed), must be received by the
    Exchange Agent within three NYSE trading days after the
    Expiration Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The method of delivery of this Letter, certificates for the Old
    Notes or a Book-Entry Confirmation, as the case may be, and all
    other required documents is at the election and risk of the
    tendering holders, but the delivery will be deemed made only
    when actually received or confirmed by the Exchange Agent. If
    Old Notes are sent by mail, it is recommended that the mailing
    be made by registered mail, properly insured, with return
    receipt requested, and that such mailing be made sufficiently in
    advance of the Expiration Date to permit delivery to the
    Exchange Agent prior to 5:00&#160;p.m., New York City time, on
    the Expiration Date. Instead of delivery by mail, it is
    recommended that the holder use an overnight or hand delivery
    service. In all cases, sufficient time should be allowed for
    timely delivery.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See &#147;The Exchange Offer&#148; section of the Prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>2.&#160;Partial Tenders (Not Applicable to Holders of Old
    Notes&#160;Who Tender by Book-entry Transfer).</I>&#160;&#160;If
    less than the entire principal amount of any submitted Old Note
    is to be tendered, the tendering holder(s) should fill in the
    aggregate principal amount to be tendered in the box above
    entitled &#147;Description of Old Notes&#151;Principal Amount
    Tendered.&#148; A reissued Note representing the balance of
    nontendered principal of any submitted Old Notes will be sent to
    such tendering holder, unless otherwise provided in the
    appropriate box on this Letter, promptly after the Expiration
    Date. THE ENTIRE PRINCIPAL AMOUNT OF ANY OLD
    NOTES&#160;DELIVERED TO THE EXCHANGE AGENT WILL BE DEEMED TO
    HAVE BEEN TENDERED UNLESS OTHERWISE INDICATED.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>3.&#160;Signatures on this Letter; Bond Powers and
    Endorsement; Guarantee of Signatures.</I>&#160;&#160;If this
    Letter is signed by the registered holder of the Old Notes
    tendered hereby, the signature must correspond exactly with the
    name as written on the face of
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Notes without any change whatsoever. If this Letter is
    signed by a participant in DTC, the signature must correspond
    with the name as it appears on the security position listing as
    the owner of the Old Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If any tendered Old Notes are owned of record by two or more
    joint owners, all such owners must sign this Letter. If any
    tendered Old Notes are registered in different names on several
    Old Notes, it will be necessary to complete, sign and submit as
    many separate copies of this Letter as there are different
    registrations of Old Notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When this Letter is signed by the registered holder of the Old
    Notes specified herein and tendered hereby, no endorsements of
    the submitted Old Notes or separate bond powers are required.
    If, however, the New Notes are to be issued, or any untendered
    Old Notes are to be reissued, to a person other than the
    registered holder, then endorsements of any Old Notes
    transmitted hereby or separate bond powers are required.
    Signatures on such Old Notes or bond power must be guaranteed by
    an Eligible Institution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Letter is signed by a person other than the registered
    holder of any Old Notes specified herein, such Notes must be
    endorsed or accompanied by appropriate bond powers, in either
    case signed exactly as the name of the registered holder appears
    on the Old Notes (or security position listing) and the
    signatures on such Old Notes or bond power must be guaranteed by
    an Eligible Institution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Letter or any Old Notes or bond powers are signed by
    trustees, executors, administrators, guardians,
    attorneys-in-fact, officers of corporations or others acting in
    a fiduciary or representative capacity, such persons should so
    indicate when signing, and, unless waived by the Company, must
    submit proper evidence satisfactory to the Company of their
    authority to so act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Endorsements on Old Notes or signatures on bond powers required
    by this Instruction&#160;3 must be guaranteed by a firm or other
    entity identified in
    <FONT style="white-space: nowrap">Rule&#160;17Ad-15</FONT>
    under the Securities Exchange Act of 1934, as amended, as an
    &#147;eligible guarantor institution,&#148; including (as such
    terms are defined therein) (i)&#160;a bank, (ii)&#160;broker,
    dealer, municipal securities broker or dealer or government
    securities broker or dealer, (iii)&#160;credit union,
    (iv)&#160;a national securities exchange, registered securities
    association or clearing agency, or (v)&#160;a savings
    association that is a participant in a Securities Transfer
    Association (an &#147;Eligible Institution&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Signatures on this Letter need not be guaranteed by an Eligible
    Institution, provided the Old Notes are tendered: (i)&#160;by a
    registered holder of Old Notes (which term, for purposes of the
    Exchange Offer, includes any participant in the Book-Entry
    Transfer Facility system whose name appears on a security
    position listing as the holder of such Old Notes) tendered who
    has not completed the box entitled &#147;Special Issuance
    Instructions&#148; or &#147;Special Delivery Instructions&#148;
    on this Letter, or (ii)&#160;for the account of an Eligible
    Institution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>4.&#160;Special Issuance and Delivery
    Instructions.</I>&#160;&#160;Tendering holders of Old Notes
    should indicate in the applicable box the name and address to
    which New Notes issued pursuant to the Exchange Offer
    <FONT style="white-space: nowrap">and/or</FONT>
    substitute Notes evidencing Old Notes not exchanged are to be
    issued or sent, if different from the name or address of the
    person signing this Letter. In the case of issuance in a
    different name, the employer identification or social security
    number of the person named must also be indicated. A holder of
    Old Notes tendering Old Notes by book-entry transfer may request
    that Old Notes not exchanged be credited to such account
    maintained at the Book-Entry Transfer Facility as such holder of
    Old Notes may designate hereon. If no such instructions are
    given, such Old Notes not exchanged will be returned to the name
    or address of the person signing this Letter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>5.&#160;Tax Identification Number.</I>&#160;&#160;Federal
    income tax law generally requires that a tendering holder whose
    Old Notes are accepted for exchange must provide the Company (as
    payor) with such Holder&#146;s correct Taxpayer Identification
    Number (&#147;TIN&#148;) on Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    below, which, in the case of a tendering holder who is an
    individual, is his or her social security number. If the Company
    is not provided with the current TIN or an adequate basis for an
    exemption, such tendering holder may be subject to a $50 penalty
    imposed by the Internal Revenue Service. In addition, delivery
    of New Notes to such tendering holder may be subject to backup
    withholding in an amount equal to 28% of all reportable payments
    made after the exchange. If withholding results in an
    overpayment of taxes, a refund may be obtained.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Exempt holders of Old Notes (including, among others, all
    corporations and certain foreign individuals) are not subject to
    these backup withholding and reporting requirements. Exempt
    holders, other than foreign individuals, should furnish their
    TIN, write &#147;Exempt&#148; on the face of the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    and sign, date and return the form to the Exchange Agent. See
    the enclosed Guidelines of Certification of Taxpayer
    identification Number on Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    (the
    <FONT style="white-space: nowrap">&#147;W-9</FONT>
    Guidelines&#148;) for additional instructions. If the tendering
    holder of Old Notes is a nonresident alien or foreign entity not
    subject to backup
</DIV>
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    <BR>
    2
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    withholding, such holder must give the Exchange Agent a
    completed
    <FONT style="white-space: nowrap">Form&#160;W-8</FONT>
    Certificate of Foreign Status, a form of which is included on
    page&#160;13.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To prevent backup withholding, each tendering holder of Old
    Notes must provide its correct TIN by completing the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    on page&#160;12, certifying, under penalties of perjury, that
    the TIN provided is correct (or that such holder is awaiting a
    TIN), and that (i)&#160;the holder is exempt from backup
    withholding, (ii)&#160;the holder has not been notified by the
    Internal Revenue Service that such holder is subject to a backup
    withholding as a result of a failure to report all interest or
    dividends or (iii)&#160;the Internal Revenue Service has
    notified the holder that such holder is no longer subject to
    backup withholding. If the tendering holder of Old Notes is a
    nonresident alien or foreign entity not subject to backup
    withholding, such holder must give the Exchange Agent a
    completed
    <FONT style="white-space: nowrap">Form&#160;W-8,</FONT>
    Certificate of Foreign Status. These forms may be obtained from
    the Exchange Agent. If the Old Notes are in more than one name
    or are not in the name of the actual owner, such holder should
    consult the
    <FONT style="white-space: nowrap">W-9</FONT>
    Guidelines for information on which TIN to report. If such
    holder does not have a TIN, such holder should consult the
    <FONT style="white-space: nowrap">W-9</FONT>
    Guidelines for instructions on applying for a TIN, check the box
    in Part&#160;2 of the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    and write &#147;applied for&#148; in lieu of its TIN. Note:
    checking-this box and writing &#147;applied for&#148; on the
    form means that such holder has already applied for a TIN or
    that such holder intends to apply for one in the near future. If
    the box in Part&#160;2 of the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    is checked, the Exchange Agent will retain 28% of reportable
    payments made to a holder during the
    <FONT style="white-space: nowrap">60-day</FONT>
    period following the date of the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9.</FONT>
    If the holder furnishes the Exchange Agent with his or her TIN
    within 60&#160;days of the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9,</FONT>
    the Exchange Agent will remit such amounts retained during such
    <FONT style="white-space: nowrap">60-day</FONT> to
    such holder and no further amounts will be retained or withheld
    from payments made to the holder thereafter. If, however, such
    holder does not provide its TIN to the Exchange Agent within
    such <FONT style="white-space: nowrap">60-day</FONT>
    period, the Exchange Agent will remit such previously withheld
    amounts to the Internal Revenue Service as backup withholding
    and will withhold 28% of all reportable payments to the holder
    thereafter until such holder furnishes its TIN to the Exchange
    Agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>6.&#160;Transfer Taxes.</I>&#160;&#160;The Company will pay
    all transfer taxes, if any, applicable to the exchange of Old
    Notes pursuant to the Exchange Offer. If, however, New Notes
    <FONT style="white-space: nowrap">and/or</FONT>
    substitute Old Notes not exchanged are to be delivered to, or
    are to be registered or issued in the name of, any person other
    than the registered holder of the Old Notes tendered hereby, or
    if tendered Old Notes are registered in the name of any person
    other than the person signing this Letter, or if a transfer tax
    is imposed for any reason other than the exchange of Old Notes
    pursuant to the Exchange Offer, the amount of any such transfer
    taxes (whether imposed on the registered holder or any other
    persons) will be payable by the tendering holder. If
    satisfactory evidence of payment of such taxes or exemption
    therefrom is not submitted herewith, the amount of such transfer
    taxes will be billed directly to such tendering holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>EXCEPT AS PROVIDED IN THIS INSTRUCTION&#160;6, IT IS NOT
    NECESSARY FOR TRANSFER TAX STAMPS TO BE AFFIXED TO THE OLD
    NOTES&#160;SPECIFIED IN THIS LETTER.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>7.&#160;Waiver of Conditions.</I>&#160;&#160;The Company
    reserves the absolute right to waive satisfaction of any or all
    conditions enumerated in the Prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>8.&#160;No Conditional Tenders.</I>&#160;&#160;No
    alternative, conditional, irregular or contingent tenders will
    be accepted. All tendering holders of Old Notes, by execution of
    this Letter, shall waive any right to receive notice of the
    acceptance of their Old Notes for exchange. Neither the Company,
    the Exchange Agent nor any other person is obligated to give
    notice of any defect or irregularity with respect to any tender
    of Old Notes nor shall any of them incur any liability for
    failure to give any such notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>9.&#160;Mutilated, Lost, Stolen or Destroyed Old
    Notes.</I>&#160;&#160;Any holder whose Old Notes have been
    mutilated, lost, stolen or destroyed should contact the Exchange
    Agent at the address indicated above for further instructions.
    This Letter and related documents cannot be processed until the
    procedures for replacing mutilated, lost, stolen or destroyed
    certificates have been followed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>10.&#160;Withdrawal Rights.</I>&#160;&#160;Tenders of Old
    Notes may be withdrawn at any time prior to 5:00&#160;P.M., New
    York City times, on the Expiration Date. For a withdrawal of a
    tender of Old Notes to be effective, a written notice of
    withdrawal must be received by the Exchange Agent at the address
    on page&#160;1 prior to 5:00&#160;P.M., New York City time, on
    the Expiration Date. Any such notice of withdrawal must
    (i)&#160;specify the name of the person having tendered the Old
    Notes to be withdrawn (the &#147;Depositor&#148;),
    (ii)&#160;identify the Old Notes to be withdrawn (including
    certificate number or numbers and the principal amount of such
    Old Notes), (iii)&#160;contain a statement that such holder is
    withdrawing his election to have such Old Notes exchanged,
    (iv)&#160;be signed by the holder in the same manner as the
    original signature on the Letter by which such Old Notes were
    tendered (including any required signature guarantees) or be
    accompanied by documents of transfer to have the Trustee with
    respect to the Old Notes
</DIV>
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    <BR>
    3
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    register the transfer of such Old Notes in the name of the
    person withdrawing the tender and (v)&#160;specifying the name
    in which such Old Notes are registered, if different from that
    of the Depositor. If Old Notes have been tendered pursuant to
    the procedure for book-entry transfer set forth in &#147;The
    Exchange Offer&#151;Book-Entry Transfer&#148; section of the
    Prospectus, any notice of withdrawal must specify the name and
    number of the account at the Book-Entry Transfer Facility to be
    credited with the withdrawn Old Notes and otherwise comply with
    the procedures of such facility.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All questions as to the validity, form and eligibility
    (including time of receipt) of such notices will be determined
    by the Company, whose determination shall be final and binding
    on all parties. Any Old Notes so withdrawn will be deemed not to
    have been validly tendered for exchange for purposes of the
    Exchange Offer and no New Notes will be issued with respect
    thereto unless the Old Notes so withdrawn are validly
    retendered. Any Old Notes that have been tendered for exchange
    but which are not exchanged for any reason will be returned to
    the holder thereof without cost to such holder (or, in the case
    of Old Notes tendered by book-entry transfer into the Exchange
    Agent&#146;s account at the Book-Entry Transfer Facility
    pursuant to the book-entry transfer procedures set forth in
    &#147;The Exchange Offer&#151;Book-Entry Transfer&#148; section
    of the Prospectus, such Old Notes will be credited to an account
    maintained with the Book-Entry Transfer Facility for the Old
    Notes) as soon as practicable after withdrawal, rejection of
    tender or termination of the Exchange Offer. Properly withdrawn
    Old Notes may be retendered by following the procedures
    described above at any time on or prior to 5:00&#160;P.M., New
    York City time, on the Expiration Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>11.&#160;Requests for Assistance or Additional
    Copies.</I>&#160;&#160;Questions relating to the procedure for
    tendering, as well as requests for additional copies of the
    Prospectus, this Letter, the Notice of Guaranteed Delivery and
    other related documents, should be directed to the Exchange
    Agent, at the address and telephone number indicated on
    page&#160;1. All other questions should be addressed to Sonic
    Automotive, Inc., 6415 Idlewild Rd., Suite&#160;109, Charlotte,
    North Carolina 28212,
    <FONT style="white-space: nowrap">(704)&#160;566-2400,</FONT>
    Attention: Stephen K. Coss.
</DIV>
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    <BR>
    4
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<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TO BE
    COMPLETED BY ALL TENDERING HOLDERS<BR>
    (See Instruction&#160;5)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="24%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="44%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="25%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="7" align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B><FONT style="font-size: 10pt">PAYOR&#146;S NAME: U.S. BANK
    NATIONAL ASSOCIATION</FONT></B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<B>SUBSTITUTE <BR><BR><FONT style="font-variant: SMALL-CAPS">Form</FONT>&#160;<FONT style="font-size: 16pt"><FONT style="white-space: nowrap">W-9</FONT><!-- WS --></FONT></B>
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD align="left" valign="top" style="border-top: 1px solid #000000">
    <B>Part 1&#151;</B>PLEASE PROVIDE YOUR TIN IN THE BOX AT RIGHT
    AND CERTIFY BY SIGNING AND DATING BELOW.
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD align="center" valign="top" style="border-top: 1px solid #000000">
    <FONT style="font-size: 8pt">TIN:&#160;<U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<BR>
    </U>&#160;&#160;&#160;&#160;(Social Security Number or<BR>
    &#160;&#160;&#160;&#160;Employer Identification Number)<BR>
    </FONT>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="top" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <B>Part 2&#151;</B>TIN Applied
    for&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="top" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
    <B>Department of the Treasury<BR>
    Internal Revenue Services<BR>
    <BR>
    Payer&#146;s Request for Taxpayer Identification Number
    (&#147;TIN&#148;)<BR>
    and Certification</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top">
    <B>Certification:</B> Under the penalties of perjury, I certify
    that: <BR>
    <BR>
    (1)&#160;the number shown on this form is my correct Taxpayer
    Identification Number (or I am writing for a number to be issued
    to me), <BR>
    <BR>
    (2)&#160;I am not subject to backup withholding either because
    (a) I am exempt from backup withholding, or (b) I have not been
    notified by the Internal Revenue Service (&#147;IRS&#148;) that
    I am subject to backup withholding as a result of a failure to
    report all interest or dividends, or (c) the IRS has notified me
    that I am no longer subject to backup withholding, and <BR>
    <BR>
    (3)&#160;any other information provided on this form is true and
    correct.
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top">
<DIV style="text-indent: -41pt; margin-left: 41pt">
    Signature:<FONT style="word-spacing: 149pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>&#160;&#160;Date:<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top" style="font-size: 8pt; border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top">
    You must cross out item (2) above if you have been notified by
    the IRS that you are subject to backup withholding because of
    underreporting of interest or dividends on your tax return and
    you have not been notified by the IRS that you are no longer
    subject to backup withholding.
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">


</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU CHECKED<BR>
    THE BOX IN PART&#160;2 OF SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9</FONT><BR>
    </B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CERTIFICATE OF AWAITING TAXPAPER IDENTIFICATION NUMBER</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    I certify under penalties of perjury that a taxpayer
    identification number has not been issued to me, and either
    (a)&#160;I have mailed or delivered an application to receive a
    taxpayer identification number to the appropriate Internal
    Revenue Service Center or Social Security Administration Office
    or (b)&#160;I intend to mail or deliver an application in the
    near future. I understand that if I do not provide a taxpayer
    identification number by the time of the exchange, twenty-eight
    percent (28%) of all reportable payments made to me thereafter
    will be withheld until I provide a taxpayer identification
    number.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Signature&#160;<FONT style="word-spacing: 280pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>&#160;Date&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>
</DIV><!-- End box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certificate
    of Foreign Status</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="27%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="56%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B><FONT style="font-size: 8pt">SUBSTITUTE</FONT></B><FONT style="font-size: 8pt">
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Form&#160;<FONT style="font-size: 16pt"><FONT style="white-space: nowrap">W-8</FONT></FONT></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
    <B><FONT style="font-size: 8pt">Department of the Treasury
    Internal Revenue Service</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD colspan="5" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Name of owner (If joint account, also give joint owner&#146;s
    name.)<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
    <B>Please Print or Type</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    Permanent address (If you are an individual, provide the address
    of your permanent residence. If you are a partnership or
    corporation, provide the address of your principal office. If
    you are an estate or trust, provide the permanent address or
    principal office of any fiduciary.)
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    City, province or state, postal code, and country
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom" style="line-height: 18pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    Current mailing address, if different from permanent address
    (Include apt. or suite no., or P.O. box if mail is not delivered
    to street address.)
</TD>
</TR>
<TR valign="bottom" style="line-height: 18pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    City, town or post office, state and ZIP code (If foreign
    address, enter city, province or state, postal code, and
    country.)
</TD>
</TR>
<TR valign="bottom" style="line-height: 18pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom" style="line-height: 18pt">
<TD colspan="5">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD colspan="5" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
    <B>Please Sign Here</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <B>Certification</B>&#151;Under penalties of perjury, I certify
    that I am an exempt foreign person, for Backup Withholding
    purposes, under the U.S. Federal income tax laws, because:
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    1.&#160;I am a nonresident alien individual or a foreign
    corporation, partnership, estate or trust,
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    2.&#160;If an individual, I have not been, and do not plan to
    be, present in the United States for a total of 183 days or more
    during the calendar year, and
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    3.&#160;I am neither engaged, nor plan to be engaged during the
    year, in a U.S. trade or business that has effectively connected
    gains from transactions with a broker or barter exchange.
</TD>
</TR>
<TR valign="bottom" style="line-height: 18pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 2pt">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" valign="top">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Signature
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Date
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

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    <BR>
    6
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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>6
<FILENAME>g22591a1exv99w2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;99.2</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTICE OF
    GUARANTEED DELIVERY<BR>
    FOR TENDER OF<BR>
    9.0% SENIOR SUBORDINATED NOTES&#160;DUE 2018, SERIES&#160;A<BR>
    OF<BR>
    SONIC AUTOMOTIVE, INC.</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Notice of Guaranteed Delivery, or one substantially
    equivalent to this form, must be used to accept the Exchange
    Offer of Sonic Automotive, Inc. (the &#147;Company&#148;) made
    pursuant to the Prospectus, dated April&#160;7, 2010 (the
    &#147;Prospectus&#148;), and the enclosed Letter of Transmittal
    (the &#147;Letter of Transmittal&#148;) if Old Notes are not
    immediately available or if the procedure for book-entry
    transfer cannot be completed on a timely basis or time will not
    permit all documents required by the Letter of Transmittal to
    reach U.S. Bank National Association, as exchange agent (the
    &#147;Exchange Agent&#148;) prior to 5:00&#160;P.M., New York
    City time, on the Expiration Date of the Exchange Offer. This
    Notice of Guaranteed Delivery may be delivered or transmitted by
    facsimile transmission, mail, overnight or hand delivery to the
    Exchange Agent as set forth below. In addition, in order to
    utilize the guaranteed delivery procedure to tender Old Notes
    pursuant to the Exchange Offer, a completed, signed and dated
    Letter of Transmittal (or facsimile thereof) must also be
    received by the Exchange Agent on or prior to 5:00&#160;P.M.,
    New York City time, on the Expiration Date. Capitalized terms
    not defined herein are defined in the Prospectus or the Letter
    of Transmittal.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Delivery
    To:<BR>
    U.S. Bank National Association, Exchange Agent<BR>
    </FONT></B><FONT style="font-family: 'Times New Roman', Times">60
    Livingston Avenue<BR>
    St. Paul, Minnesota 55107<BR>
    Attention: Specialized Finance
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Facsimile
    Transmission:<BR>
    </FONT></I><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">(651)&#160;495-8158</FONT>
    (MN)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Confirm
    By Telephone:<BR>
    </FONT></I><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">(800)&#160;934-6802</FONT>
    (MN)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Delivery of this instrument to an address other than as set
    forth above, or transmission of instructions via facsimile other
    than as set forth above, will not constitute a valid
    delivery.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the terms and conditions set forth in the Prospectus and
    the accompanying Letter of Transmittal, the undersigned hereby
    tenders to the Company the principal amount of Old Notes set
    forth below, pursuant to the guaranteed delivery procedure
    described in &#147;The Exchange Offer&#151;Guaranteed Delivery
    Procedures&#148; section of the Prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
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<TR style="font-size: 1pt">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
<DIV style="text-indent: -0pt; margin-left: 0pt;">
Principal Amount of Old Notes&#160;Tendered*<BR><BR>$&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173; &#173;</U></FONT><BR><BR>Note&#160;Certificate Nos. (if available):<BR><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR>If Old Notes will be delivered by book-entry transfer to The Depository Trust&#160;Company, provide account number.<BR><BR><BR>Account Number:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173; &#173;</U></FONT><BR></DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<FONT style="white-space: nowrap">Name(s)&#160;of&#160;Record&#160;Holder(s):</FONT> <BR><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><FONT style="white-space: nowrap">Address(es):&#160;</FONT><FONT style="word-spacing: 180pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173; &#173;</U></FONT><DIV style="font-size: 18pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR>Area Code and Telephone Number(s): <BR><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-
size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><FONT style="white-space: nowrap">Signature(s):</FONT> <BR><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR><DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><BR>Date:&#160;<FONT style="word-spacing: 204pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173; &#173;</U></FONT></DIV>
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR>
    <TD valign="top">
    * </TD>
    <TD></TD>
    <TD valign="bottom">
    Must be in integral multiples of $1,000.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 4pt; border-right: 1px solid #000000; padding-right: 4pt; border-bottom: 1px solid #000000; padding-bottom: 4pt; border-left: 1px solid #000000; padding-left: 4pt"><!-- Begin box 1 -->

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</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE ACCOMPANYING GUARANTEE MUST BE COMPLETED.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GUARANTEE</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>(NOT TO BE USED FOR SIGNATURE GUARANTEE)</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned, a firm that is a member firm of a registered
    national securities exchange or of the Financial Industry
    Regulatory Authority, Inc., a commercial bank or trust company
    having an office correspondent in the United States or any
    &#147;eligible guarantor institution&#148; within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;17Ad-15</FONT>
    of the Securities Exchange Act of 1934, as amended, hereby
    guarantees to deliver to the Exchange Agent, at its address set
    forth above, the Old Notes described above, in proper form for
    transfer, together with a properly completed and duly executed
    Letter of Transmittal (or facsimile thereof), with any required
    signature guarantees, and any other documents required by the
    Letter of Transmittal within three New York Stock Exchange
    trading days after the Expiration Date.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="11%"></TD>
    <TD width="89%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Name&#160;of&#160;Firm:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 12pt; margin-left: 11%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 11%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Authorized Signature)</FONT></I>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 11%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 11%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 11%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Date:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Address:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 12pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="26%"></TD>
    <TD width="74%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Area&#160;Code&#160;and&#160;Telephone&#160;Number:&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>7
<FILENAME>g22591a1exv99w3.htm
<DESCRIPTION>EX-99.3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;99.3</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SONIC
    AUTOMOTIVE, INC.<BR>
    <BR>
    <I><FONT style="font-size: 14pt">OFFER TO EXCHANGE<BR>
    <BR>
    </FONT></I></FONT><FONT style="font-size: 12pt; font-family: 'Times New Roman', Times"><I>9.0
    % Senior Subordinated Notes&#160;Due 2018, Series&#160;B,<BR>
    Which Have Been Registered Under The Securities Act of 1933, As
    Amended<BR>
    For Any And All Outstanding<BR>
    9.0% Senior Subordinated Notes&#160;Due 2018,
    Series&#160;A,</I></FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 12pt">Which Have Not Been
    Registered Under The Securities Act of 1933, As
    Amended</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To Our
    Clients:
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are enclosing herewith a Prospectus, dated April&#160;7, 2010
    of Sonic Automotive, Inc. and a related Letter of Transmittal
    relating to the offer (the &#147;Exchange Offer&#148;) by Sonic
    Automotive, Inc. (the &#147;Company&#148;) to exchange up to
    $210,000,000 aggregate principal amount of its new 9.0% Senior
    Subordinated Notes due 2018, Series&#160;B (the &#147;New
    Notes&#148;), which have been registered under the Securities
    Act of 1933, as amended (the &#147;Securities Act&#148;), for up
    to $210,000,000 aggregate principal amount of its new 9.0%
    Senior Subordinated Notes due 2018, Series&#160;A (the &#147;Old
    Notes&#148;) upon the terms and subject to the conditions set
    forth in the Prospectus, dated April&#160;7, 2010, and the
    related Letter of Transmittal.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 12pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt"> PLEASE NOTE&#160;THAT THE
    EXCHANGE OFFER WILL EXPIRE AT 5:00&#160;P.M., NEW YORK CITY
    TIME, ON MAY&#160;7, 2010, UNLESS EXTENDED BY THE COMPANY IN ITS
    SOLE DISCRETION.</FONT></B>
</DIV>
</DIV><!-- End box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE EXCHANGE OFFER IS NOT CONDITIONED UPON ANY MINIMUM NUMBER
    OF OLD NOTES&#160;BEING TENDERED.</B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are the holder of record of Old Notes held by us for your
    account. A tender of such Old Notes can be made only by us as
    the record holder and pursuant to your instructions. The Letter
    of Transmittal is furnished to you for your information only and
    cannot be used by you to tender Old Notes held by us for your
    account.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We request instructions as to whether you wish to tender any or
    all of the Old Notes held by us for your account pursuant to the
    terms and conditions of the Exchange Offer. Please so instruct
    us by completing, executing and returning to us the enclosed
    Instruction to Registered Holder from Beneficial Owner enclosed
    herewith. We urge you to read carefully the Prospectus and the
    Letter of Transmittal before instructing us to tender your Old
    Notes. We also request that you confirm with such instruction
    form that we may on your behalf make the representations
    contained in the Letter of Transmittal.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the Letter of Transmittal, each holder of Old Notes
    will represent to the Company that (i)&#160;that any New Notes
    acquired in exchange for Old Notes tendered in the Exchange
    Offer hereby will have been acquired in the ordinary course of
    business of the person receiving such New Notes, whether or not
    such person is the undersigned, (ii)&#160;neither the holder of
    such Old Notes nor any such other person is engaged in, or
    intends to engage in, a distribution of such New Notes, or has
    an arrangement or understanding with any person to participate
    in the distribution of such New Notes or in the exchange offer
    for the purpose of distributing the New Notes, is not a
    broker-dealer tendering Old Notes acquired directly from the
    Company for its own account, and (iii)&#160;neither the holder
    of such Old Notes nor any such other person is an
    &#147;affiliate,&#148; as defined in Rule&#160;405 under the
    Securities Act of 1933, as amended (the &#147;Securities
    Act&#148;), of the Company or, if such holder or any such other
    person is an &#147;affiliate&#148;, that such holder or any such
    other person will comply with the registration and prospectus
    delivery requirements of the Securities Act to the extent
    applicable.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the tendering holder is a broker-dealer (whether or not it is
    also an &#147;affiliate&#148; of the Company or any of the
    guarantors within the meaning of Rule&#160;405 under the
    Securities Act), it must also represent that such Old Notes held
    by the broker-dealer are held only as a nominee or that the Old
    Notes to be exchanged for the New Notes were acquired by it as a
    result of market-making activities or other trading activities
    and acknowledge that it will deliver a prospectus meeting the
    requirements of the Securities Act in connection with any resale
    of such New Notes issued in the Exchange Offer. By so
    acknowledging and by delivering a prospectus meeting the
    requirements of the Securities Act, a broker-dealer will not be
    deemed to admit that it is an &#147;underwriter&#148; within the
    meaning of the Securities Act.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 50%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,
</DIV>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>8
<FILENAME>g22591a1exv99w4.htm
<DESCRIPTION>EX-99.4
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;99.4</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SONIC
    AUTOMOTIVE, INC.<BR>
    <BR>
    <I><FONT style="font-size: 14pt">OFFER TO EXCHANGE<BR>
    <BR>
    </FONT></I></FONT><FONT style="font-size: 12pt; font-family: 'Times New Roman', Times"><I>9.0
    % Senior Subordinated Notes&#160;Due 2018, Series&#160;B,<BR>
    Which Have Been Registered Under The Securities Act of 1933, As
    Amended<BR>
    For Any And All Outstanding<BR>
    9.0% Senior Subordinated Notes&#160;Due 2018, Series&#160;A,<BR>
    Which Have Not Been Registered Under The Securities Act of 1933,
    As Amended</I></FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To
    Registered Holders:
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are enclosing herewith the material listed below relating to
    the offer (the &#147;Exchange Offer&#148;) by Sonic Automotive,
    Inc. (the &#147;Company&#148;) to exchange up to $210,000,000
    aggregate principal amount of its new 9.0% Senior Subordinated
    Notes due 2018, Series&#160;B (the &#147;New Notes&#148;), which
    have been registered under the Securities Act of 1933, as
    amended (the &#147;Securities Act&#148;), for up to $210,000,000
    aggregate principal amount of its new 9.0% Senior Subordinated
    Notes due 2018, Series&#160;A (the &#147;Old Notes&#148;) upon
    the terms and subject to the conditions set forth in the
    Prospectus, dated April&#160;7, 2010, and the related Letter of
    Transmittal.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Enclosed herewith are copies of the following documents:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    1.&#160;
</TD>
    <TD align="left">
    Prospectus dated April&#160;7, 2010;
</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="3%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    2.&#160;
</TD>
    <TD align="left">
    Letter of Transmittal;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    3.&#160;
</TD>
    <TD align="left">
    Notice of Guaranteed Delivery;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    4.&#160;
</TD>
    <TD align="left">
    Instruction to Registered Holder from Beneficial Owner; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    5.&#160;
</TD>
    <TD align="left">
    Letter which may be sent to your clients for whose account you
    hold Old Notes in your name or in the name of your nominee, to
    accompany the instruction form referred to above, for obtaining
    such clients&#146; instruction with regard to the Exchange Offer.
</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WE URGE YOU TO CONTACT YOUR CLIENTS PROMPTLY. PLEASE
    NOTE&#160;THAT THE EXCHANGE OFFER WILL EXPIRE AT 5:00&#160;P.M.,
    NEW YORK CITY TIME, ON MAY&#160;7, 2010, UNLESS EXTENDED.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Exchange Offer is not conditioned upon any minimum number of
    Old Notes being tendered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the Letter of Transmittal, each holder of Old Notes
    will represent to the Company that (i)&#160;any New Notes
    acquired in exchange for Old Notes tendered in the Exchange
    Offer hereby will have been acquired in the ordinary course of
    business of the person receiving such New Notes, whether or not
    such person is the undersigned, (ii)&#160;neither the holder of
    such Old Notes nor any such other person is engaged in, or
    intends to engage in, a distribution of such New Notes, or has
    an arrangement or understanding with any person to participate
    in the distribution of such New Notes or in the exchange offer
    for the purpose of distributing the New Notes, is not a
    broker-dealer tendering Old Notes acquired directly from the
    Company for its own account, and (iii)&#160;neither the holder
    of such Old Notes nor any such other person is an
    &#147;affiliate,&#148; as defined in Rule&#160;405 under the
    Securities Act of 1933, as amended (the &#147;Securities
    Act&#148;), of the Company or, if such holder or any such other
    person is an &#147;affiliate&#148;, that such holder or any such
    other person will comply with the registration and prospectus
    delivery requirements of the Securities Act to the extent
    applicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the tendering holder is a broker-dealer (whether or not it is
    also an &#147;affiliate&#148; of the Company or any of the
    guarantors within the meaning of Rule&#160;405 under the
    Securities Act), it must also represent that such Old Notes held
    by the broker-dealer are held only as a nominee or that the Old
    Notes to be exchanged for the New Notes were acquired by it as a
    result of market-making activities or other trading activities
    and acknowledge that it will deliver a prospectus meeting the
    requirements of the Securities Act in connection with any resale
    of such New Notes issued in
</DIV>
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</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Exchange Offer. By so acknowledging and by delivering a
    prospectus meeting the requirements of the Securities Act, a
    broker-dealer will not be deemed to admit that it is an
    &#147;underwriter&#148; within the meaning of the Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The enclosed Instruction to Registered Holder from Beneficial
    Owner contains an authorization by the beneficial owner of the
    Old Notes for you to make the foregoing representations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will not pay any fee or commission to any broker or
    dealer or to any other persons (other than the exchange agent
    for the Exchange Offer) in connection with the solicitation of
    tenders of Old Notes pursuant to the Exchange Offer. Holders who
    tender their Old Notes for New Notes will not be obligated to
    pay any transfer taxes in connection with the exchange, except
    as otherwise provided in Instruction&#160;5 of the enclosed
    Letter of Transmittal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any inquiries you may have with respect to the Exchange Offer
    may be addressed to, and additional copies of the enclosed
    materials may be obtained from, the Exchange Agent, U.S. Bank
    National Association, in the manner set forth below.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">By
    Messenger, Mail, or Overnight Delivery:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">U.S. Bank
    National Association<BR>
    60 Livingston Avenue<BR>
    St. Paul, Minnesota 55107<BR>
    Attention: Specialized Finance
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Facsimile
    Transmission:<BR>
    </FONT></I><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">(651)&#160;495-8158</FONT>
    (MN)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Confirm
    by Telephone:<BR>
    <FONT style="white-space: nowrap">(800)&#160;934-6802</FONT>
    (MN)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SONIC AUTOMOTIVE, INC.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL
    CONSTITUTE YOU THE AGENT OF THE COMPANY OR THE EXCHANGE AGENT,
    OR AUTHORIZE YOU TO USE ANY DOCUMENT OR MAKE ANY STATEMENT ON
    THEIR BEHALF IN CONNECTION WITH THE EXCHANGE OFFER OTHER THAN
    THE DOCUMENTS ENCLOSED HEREWITH AND THE STATEMENTS CONTAINED
    THEREIN.
</DIV>
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<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>9
<FILENAME>g22591a1exv99w5.htm
<DESCRIPTION>EX-99.5
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w5</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;99.5</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INSTRUCTIONS&#160;TO
    REGISTERED HOLDER FROM BENEFICIAL OWNER<BR>
    OF<BR>
    9.0% SENIOR SUBORDINATED NOTES&#160;DUE 2018, SERIES&#160;A<BR>
    OF<BR>
    SONIC AUTOMOTIVE, INC.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To Registered Holder:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned hereby acknowledges receipt of the Prospectus
    dated April&#160;7, 2010 (the &#147;Prospectus&#148;) of Sonic
    Automotive, Inc. (the &#147;Company&#148;), and the accompanying
    Letter of Transmittal (the &#147;Letter of Transmittal&#148;),
    which constitute the Company&#146;s offer (the &#147;Exchange
    Offer&#148;) to exchange up to $210,000,000 aggregate principal
    amount of its new 9.0% Senior Subordinated Notes due 2018,
    Series&#160;B (the &#147;New Notes&#148;), which have been
    registered under the Securities Act of 1933, as amended (the
    &#147;Securities Act&#148;), for up to $210,000,000 aggregate
    principal amount of its new 9.0% Senior Subordinated Notes due
    2018, Series&#160;A (the &#147;Old Notes&#148;) upon the terms
    and subject to the conditions set forth in the Prospectus and
    the Letter of Transmittal. Capitalized terms used but not
    defined herein have the meanings ascribed to them in the
    Prospectus.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This will instruct you, the registered holder, as to the action
    to be taken by you relating to the Exchange Offer with respect
    to the Old Notes held by you for the account of the undersigned.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The aggregate face amount of the Old Notes held by you for the
    account of the undersigned is
    $<U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the Exchange Offer, the undersigned hereby
    instructs you (check appropriate box):
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="3%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;
</TD>
    <TD align="left">
    To TENDER
    $<U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>
    aggregate principal amount of Old Notes held by you for the
    account of the undersigned.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;
</TD>
    <TD align="left">
    NOT to TENDER any Old Notes held by you for the account of the
    undersigned.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the undersigned instructs you to tender Old Notes held by you
    for the account of the undersigned, it is understood that you
    are authorized to make, on behalf of the undersigned (and the
    undersigned, by its signature below, hereby makes to you), the
    representations and warranties contained in the Letter of
    Transmittal that are to be made with respect to the undersigned
    as a beneficial owner, including but not limited to the
    representations, that (i)&#160;that any New Notes acquired in
    exchange for Old Notes tendered in the Exchange Offer hereby
    will have been acquired in the ordinary course of business of
    the person receiving such New Notes, whether or not such person
    is the undersigned, (ii)&#160;neither the holder of such Old
    Notes nor any such other person is engaged in, or intends to
    engage in, a distribution of such New Notes, or has an
    arrangement or understanding with any person to participate in
    the distribution of such New Notes or in the exchange offer for
    the purpose of distributing the New Notes, is not a
    broker-dealer tendering Old Notes acquired directly from the
    Company for its own account, (iii)&#160;neither the holder of
    such Old Notes nor any such other person is an
    &#147;affiliate,&#148; as defined in Rule&#160;405 under the
    Securities Act of 1933, as amended (the &#147;Securities
    Act&#148;), of the Company or, if such holder or any such other
    person is an &#147;affiliate&#148;, that such holder or any such
    other person will comply with the registration and prospectus
    delivery requirements of the Securities Act to the extent
    applicable and (iv)&#160;if the tendering holder is a
    broker-dealer (whether or not it is also an
    &#147;affiliate&#148; of the Company or any of the guarantors
    within the meaning of Rule&#160;405 under the Securities Act),
    it must also represent that such Old Notes held by the
    broker-dealer are held only as a nominee or that the Old Notes
    to be exchanged for the New Notes were acquired by it as a
    result of market-making activities or other trading activities
    and acknowledge that it will deliver a prospectus meeting the
    requirements of the Securities Act in connection with any resale
    of such New Notes issued in the Exchange Offer. By so
    acknowledging and by delivering a prospectus meeting the
    requirements of the Securities Act, a broker-dealer will not be
    deemed to admit that it is an &#147;underwriter&#148; within the
    meaning of the Securities Act.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="32%"></TD>
    <TD width="68%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Name&#160;of&#160;beneficial&#160;owner(s)&#160;(please&#160;print):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="white-space: nowrap">Signature(s):&#160;</FONT></TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Address:&#160;</TD>
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    <TD>    Telephone&#160;Number:&#160;</TD>
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    <TD>    Date:</TD>
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