<SEC-DOCUMENT>0001193125-12-297706.txt : 20120709
<SEC-HEADER>0001193125-12-297706.hdr.sgml : 20120709
<ACCEPTANCE-DATETIME>20120709171000
ACCESSION NUMBER:		0001193125-12-297706
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20120702
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120709
DATE AS OF CHANGE:		20120709

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13395
		FILM NUMBER:		12953887

	BUSINESS ADDRESS:	
		STREET 1:		4401 COLWICK ROAD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28211
		BUSINESS PHONE:		704-566-2400

	MAIL ADDRESS:	
		STREET 1:		4401 COLWICK ROAD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28211
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d378936d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date of Report (Date of earliest event reported): <B><U>July&nbsp;2, 2012</U></B> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>SONIC AUTOMOTIVE, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction of incorporation) </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1-13395</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>56-201079</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer Identification No.)</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>4401 Colwick Road</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Charlotte, North Carolina</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>28211</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Registrant&#146;s telephone number, including area code: (<B>704)&nbsp;566-2400</B> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>N/A </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Former name or former address, if changed since last report.) </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;1.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Entry into a Material Definitive Agreement </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On July&nbsp;2, 2012, Sonic Automotive, Inc. (&#147;Sonic&#148;) closed its private offering and issued $200 million in aggregate principal amount of 7.00% Senior Subordinated Notes due 2022 (the
&#147;Notes&#148;) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and in offshore transactions pursuant to Regulation S under the Securities Act. The notes were issued at 99.110% of the principal amount
thereof, resulting in a yield to maturity of 7.125%. The net proceeds of this offering will be used to repurchase some or all of Sonic&#146;s outstanding 5.0% Convertible Senior Notes due 2029 (the &#147;5.0% Notes&#148;) pursuant to an offer to
exchange shares of Sonic&#146;s Class&nbsp;A common stock plus cash (the &#147;Exchange Offer&#148;), and to pay related fees and expenses, and any remaining amount will be used for general corporate purposes, including repurchases of shares of
Sonic&#146;s Class&nbsp;A common stock. This Current Report on Form 8-K shall not be deemed an offer to purchase or a solicitation of tenders for the 5.0% Notes. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On July&nbsp;2, 2012, in connection with the Notes offering, Sonic entered into an escrow agreement with U.S. Bank National Association, as trustee, and Wilmington Trust, National Association, as escrow
agent pursuant to which the net proceeds of the Notes offering were deposited into an escrow account, along with an additional amount of cash provided by Sonic sufficient to fund the special mandatory redemption described below. Upon satisfaction of
the escrow release conditions, including Sonic&#146;s acceptance of at least $80.0 million aggregate principal amount of the 5.0% Notes in the Exchange Offer, the funds will be released from the escrow account to Sonic. If the escrow release
conditions are not satisfied on or prior to October&nbsp;23, 2012, or such earlier date as Sonic may, in its discretion, terminate the Exchange Offer, the Notes will be subject to a special mandatory redemption described below. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On July&nbsp;2, 2012, Sonic also entered into a registration rights agreement with Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith
Incorporated, on behalf of itself and as representative of certain initial purchasers that include J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, pursuant to which Sonic agreed to complete a registered exchange of the Notes for
registered notes with substantially identical terms or, under certain circumstances, to file and keep effective a shelf registration statement for resale of the Notes. If Sonic does not satisfy its obligations within the prescribed time periods or
otherwise, it would be required to pay additional interest on the Notes until Sonic satisfies those obligations. An affiliate of Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated is the administrative agent and a lender under Sonic&#146;s
amended and restated syndicated revolving credit agreement and Sonic&#146;s syndicated floor plan credit facility (collectively the &#147;2011 Credit Facilities&#148;). Affiliates of J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are
also lenders under the 2011 Credit Facilities. Affiliates of Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated and Wells Fargo Securities, LLC are also letters of credit issuers under the 2011 Credit Facilities. Affiliates of Merrill
Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated and J.P. Morgan Securities Inc. are counterparties to interest rate swap agreements with Sonic and affiliates of Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated provide Sonic treasury
management services. Sonic has entered, and may in the future enter, into investment banking, lending and commercial banking services and financial advisory services with Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, J.P. Morgan
Securities LLC and Wells Fargo Securities, LLC or their affiliates for which they have or would receive customary fees. Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC or their
affiliates may own the 5.0% Notes, some of which may be repurchased in the Exchange Offer. As a result, Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC or their affiliates may
receive consideration in the Exchange Offer in addition to the fees paid to them as initial purchasers in the Notes offering. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, on July&nbsp;2, 2012, Sonic entered into an Indenture dated as of July&nbsp;2,
2012 by and among Sonic, the guarantors named therein, and U.S. Bank National Association, as trustee (the &#147;Indenture&#148;). The Notes are unsecured senior subordinated obligations of Sonic and are guaranteed by Sonic&#146;s domestic operative
subsidiaries. The Notes bear interest at an annual rate of 7.0%, which is payable semi-annually on January&nbsp;15 and July&nbsp;15 each year (beginning on January&nbsp;15, 2013), until maturity on July&nbsp;15, 2022 or earlier redemption or
repurchase. Sonic may redeem the Notes in whole or in part at any time on or after July&nbsp;15, 2017 at the following redemption prices, which are expressed as percentages of the principal amount. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
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<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:22pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Period</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Redemption<BR>Price</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Beginning July&nbsp;15, 2017</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">103.500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Beginning July&nbsp;15, 2018</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">102.333</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Beginning July&nbsp;15, 2019</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">101.167</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Beginning July&nbsp;15, 2020 and thereafter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">100.000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Notes are also subject to a special mandatory redemption if the escrow release conditions described
above are not satisfied on or prior to October&nbsp;23, 2012, or such earlier date as Sonic may, in its discretion, terminate the Exchange Offer. The redemption price for the special mandatory redemption will be 100% of the issue price, plus accrued
and unpaid interest from the issue date up to, but excluding, the date of the special mandatory redemption. In addition, on or before July&nbsp;15, 2015, Sonic may redeem up to 35% of the aggregate principal amount of the Notes with proceeds from
equity offerings at 107% of the aggregate principal amount of the Notes, plus accrued and unpaid interest to but excluding the redemption date. The Indenture also provides that holders of Notes may require Sonic to repurchase the Notes at 101% of
the par value of the Notes plus accrued and unpaid interest to but excluding the change of control purchase date, if Sonic undergoes a &#147;change of control&#148; as defined in the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Indenture contains certain restrictive covenants, including covenants relating to the incurrence of other indebtedness, pledges of
assets to third parties, investments, cash dividends to shareholders, redemptions of capital stock, guaranties and asset sales. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic&#146;s obligations under the Notes may be accelerated by the holders of 25% of the outstanding principal amount of the Notes then
outstanding if certain events of default occur, including: (1)&nbsp;defaults in the payment of principal or interest when due; (2)&nbsp;defaults in the performance, or breach, of Sonic&#146;s covenants under the Notes; and (3)&nbsp;certain defaults
under other agreements under which Sonic or its subsidiaries have outstanding indebtedness in excess of $35 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
foregoing summaries of documents described above are qualified in their entirety by reference to the actual documents, which are filed as exhibits hereto. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The disclosure required by this item and included in Item&nbsp;1.01 is incorporated herein by reference. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Included herein are &#147;forward-looking statements&#148; within the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended, and
Section&nbsp;21E of the Securities Exchange Act of 1934, as amended, including statements pertaining to the repurchase of Sonic&#146;s 5.0% Convertible Senior Notes due 2029. Sonic does not undertake any obligation to update forward-looking
information. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibits </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Registration Rights Agreement dated as of July&nbsp;2, 2012 by and among Sonic Automotive, Inc. the guarantors set forth on the signature page thereto and Merrill Lynch, Pierce,
Fenner &amp; Smith Incorporated, as representative of the several initial purchasers.</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indenture dated as of July 2, 2012 by and among Sonic Automotive, Inc, the guarantors named therein, and U.S. Bank National Association, as trustee.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of 7.0% Senior Subordinated Note due 2022 (included in Exhibit 4.2).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Escrow Agreement dated as of July 2, 2012 by and among Sonic Automotive, Inc., U.S. Bank National Association, as trustee, and Wilmington Trust, National Association, as escrow
agent.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
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<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Stephen K. Coss</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stephen K. Coss</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President and General Counsel</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated: July&nbsp;9, 2012 </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
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<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Registration Rights Agreement dated as of July&nbsp;2, 2012 by and among Sonic Automotive, Inc. the guarantors set forth on the signature page thereto and Merrill Lynch, Pierce,
Fenner &amp; Smith Incorporated, as representative of the several initial purchasers.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indenture dated as of July 2, 2012 by and among Sonic Automotive, Inc, the guarantors named therein, and U.S. Bank National Association, as trustee.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of 7.0% Senior Subordinated Note due 2022 (included in Exhibit 4.2).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Escrow Agreement dated as of July 2, 2012 by and among Sonic Automotive, Inc., U.S. Bank National Association, as trustee, and Wilmington Trust, National Association, as escrow
agent.</FONT></TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>d378936dex41.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Registration Rights Agreement</TITLE>
</HEAD>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Exhibit 4.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>EXECUTION COPY </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>REGISTRATION RIGHTS AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Registration Rights Agreement (the &#147;Agreement&#148;) is made and entered into this 2nd day of July, 2012, among Sonic
Automotive, Inc., a Delaware corporation (the &#147;Company&#148;), the guarantors set forth on the signature page hereto (each a &#147;Guarantor&#148; and collectively, the &#147;Guarantors&#148;) and Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith
Incorporated, as Representative (the &#147;Representative&#148;) of the several Initial Purchasers listed on Schedule A to the Purchase Agreement (collectively, the &#147;Initial Purchasers&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Agreement is made pursuant to the Purchase Agreement, dated June&nbsp;25, 2012 among the Company, the Guarantors and the Initial
Purchasers (the &#147;Purchase Agreement&#148;), which provides for the sale by the Company to the Initial Purchasers of an aggregate of $200 million principal amount of the Company&#146;s 7.00% Senior Subordinated Notes due 2022, Series A, and
related guarantees (collectively, the &#147;Securities&#148;). In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Company has agreed to provide to the Initial Purchasers and their direct and indirect transferees the
registration rights set forth in this Agreement. The execution of this Agreement is a condition to the closing under the Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">In consideration of the foregoing, the parties hereto agree as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">1.
<U>Definitions</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">As used in this Agreement, the following capitalized defined terms shall have the
following meanings: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>1933&nbsp;Act</U>&#148; shall mean the Securities Act of 1933, as amended from
time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>1934&nbsp;Act</U>&#148; shall mean the Securities Exchange Act of l934, as amended
from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Affiliate</U>&#148; shall mean, with respect to any specified Person, any entity
controlled by or under common control with or that controls such Person. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Closing&nbsp;Date</U>&#148;
shall mean the Closing Date as defined in the Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Company</U>&#148; shall have the
meaning set forth in the preamble and shall also include the Company&#146;s successors. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Depositary</U>&#148; shall mean The Depository Trust Company, or any other depositary appointed by the Company,
<I>provided, however</I>, that such depositary must have an address in the Borough of Manhattan, in the City of New York. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Exchange&nbsp;Offer</U>&#148; shall mean the exchange offer by the
Company of Exchange Securities for Registrable Securities pursuant to Section&nbsp;2.1 hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Exchange&nbsp;Offer&nbsp;Registration</U>&#148; shall mean a registration under the 1933 Act effected pursuant
to Section&nbsp;2.1 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Exchange&nbsp;Offer&nbsp;Registration&nbsp;Statement</U>&#148; shall
mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form), and all amendments and supplements to such registration statement, including the Prospectus contained therein, all exhibits thereto and all
documents incorporated by reference therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Exchange Period</U>&#148; shall have the meaning set
forth in Section&nbsp;2.1 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Exchange&nbsp;Securities</U>&#148; shall mean (i)&nbsp;the 7.00%
Senior Subordinated Notes due 2022, Series B, issued by the Company and (ii)&nbsp;the related guarantees issued by the Guarantors, in each case under the Indenture containing terms identical to the Securities in all material respects (except for
references to certain interest rate provisions, restrictions on transfers and restrictive legends), to be offered to Holders of Securities in exchange for Registrable Securities pursuant to the Exchange Offer. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Holder</U>&#148; shall mean an Initial Purchaser, for so long as it owns any Registrable Securities, and each of
its successors, assigns and direct and indirect transferees who become registered owners of Registrable Securities under the Indenture and each Participating Broker-Dealer that holds Exchange Securities for so long as such Participating
Broker-Dealer is required to deliver a prospectus meeting the requirements of the 1933 Act in connection with any resale of such Exchange Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Indenture</U>&#148; shall mean the Indenture relating to the Securities, the Exchange Securities and the Private Exchange Securities, dated as of July&nbsp;2, 2012 between the Company, the
Guarantors and U.S. Bank National Association, as trustee, as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Initial Purchasers</U>&#148; shall have the meaning set forth in the preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Majority&nbsp;Holders</U>&#148; shall mean the Holders of a majority of the aggregate principal amount of
Outstanding (as defined in the Indenture) Registrable Securities; <I>provided</I> that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Company
and other obligors on the Securities or any affiliate (as defined in the Indenture) of the Company shall be disregarded in determining whether such consent or approval was given by the Holders of such required percentage amount. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Participating&nbsp;Broker-Dealer</U>&#148; shall mean any of Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith
Incorporated, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, U.S. Bancorp Investments, Inc. and Comerica Securities, Inc. and any other broker-dealer which makes a market in the Securities and exchanges Registrable Securities in the
Exchange Offer for Exchange Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Person</U>&#148; shall mean an individual, partnership (general or
limited), corporation, limited liability company, trust or unincorporated organization, or a government or agency or political subdivision thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Private Exchange</U>&#148; shall have the meaning set forth in Section&nbsp;2.1 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Private Exchange Securities</U>&#148; shall have the meaning set forth in Section&nbsp;2.1 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Prospectus</U>&#148; shall mean the prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, including any such prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to a prospectus,
including post-effective amendments, and in each case including all material incorporated by reference therein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Purchase&nbsp;Agreement</U>&#148; shall have the meaning set forth in the preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Registrable&nbsp;Securities</U>&#148; shall mean the Securities and, if issued, the Private Exchange Securities;
<I>provided, however</I>, that the Securities and, if issued, the Private Exchange Securities, shall cease to be Registrable Securities upon the earliest to occur of (i)&nbsp;a Registration Statement with respect to such Securities and, if issued,
such Private Exchange Securities, shall have been declared effective under the 1933 Act and such Securities or Private Exchange Securities, as the case may be, shall have been disposed of pursuant to such Registration Statement, (ii)&nbsp;such
Securities and, if issued, such Private Exchange Securities have been sold to the public pursuant to Rule l44 (or any similar provision then in force, but not Rule 144A) under the 1933 Act, (iii)&nbsp;such Securities or Private Exchange Securities,
as the case may be, shall have ceased to be outstanding or (iv)&nbsp;the Exchange Offer is consummated (except in the case of Securities purchased from the Company and continued to be held by the Initial Purchasers). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Registration&nbsp;Expenses</U>&#148; shall mean any and all expenses incident to performance of or compliance by
the Company with this Agreement, including without limitation: (i)&nbsp;all SEC, stock exchange or the Financial Industry Regulatory Authority, Inc. (&#147;FINRA&#148;) registration and filing fees, including, if applicable, the fees and expenses of
any &#147;qualified independent underwriter&#148; (and the reasonable fees and expenses of its counsel) that is required to be retained by any holder of Registrable Securities in accordance with the rules and regulations of FINRA, (ii)&nbsp;all fees
and expenses incurred in connection with compliance with state securities or blue sky laws and compliance with the rules of FINRA (including reasonable fees and disbursements of counsel for any underwriters or Holders in connection with blue sky
qualification of any of the Exchange </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 3 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Securities or Registrable Securities and any filings with FINRA), (iii)&nbsp;all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any
Registration Statement, any Prospectus, any amendments or supplements thereto, any underwriting agreements, securities sales agreements and other documents relating to the performance of and compliance with this Agreement, (iv)&nbsp;all fees and
expenses incurred in connection with the listing, if any, of any of the Registrable Securities on any securities exchange or exchanges, (v)&nbsp;all rating agency fees, (vi)&nbsp;the fees and disbursements of counsel for the Company and of the
independent public accountants of the Company, including the expenses of any special audits or &#147;cold comfort&#148; letters required by or incident to such performance and compliance, (vii)&nbsp;the fees and expenses of the Trustee, and any
escrow agent or custodian, (viii)&nbsp;the reasonable fees and expenses of the Initial Purchasers in connection with the Exchange Offer, including the reasonable fees and expenses of Fried, Frank, Harris, Shriver&nbsp;&amp; Jacobson LLP in
connection therewith and (ix)&nbsp;any fees and disbursements of the underwriters customarily required to be paid by issuers or sellers of securities and the fees and expenses of any special experts retained by the Company in connection with any
Registration Statement, but excluding underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Registration&nbsp;Statement</U>&#148; shall mean any registration statement of the Company which covers any of
the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement, and all amendments and supplements to any such Registration Statement, including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by reference therein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>SEC</U>&#148; shall mean the Securities and Exchange Commission or any successor agency or government body
performing the functions currently performed by the United States Securities and Exchange Commission. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Shelf&nbsp;Registration</U>&#148; shall mean a registration effected pursuant to Section&nbsp;2.2 hereof.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Shelf&nbsp;Registration&nbsp;Statement</U>&#148; shall mean a &#147;shelf&#148; registration
statement of the Company pursuant to the provisions of Section&nbsp;2.2 of this Agreement which covers Registrable Securities or Private Exchange Securities on an appropriate form under Rule&nbsp;415 under the 1933 Act, or any similar rule that may
be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference
therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;<U>Trustee</U>&#148; shall mean the trustee with respect to the Securities, the Exchange
Securities and the Private Exchange Securities under the Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 4 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2. <U>Registration&nbsp;Under&nbsp;the&nbsp;1933&nbsp;Act</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2.1 <U>Exchange&nbsp;Offer</U>. The Company and the Guarantors shall, for the benefit of the Holders, at the Company&#146;s and the
Guarantors&#146; cost, use their commercially reasonable efforts to (A)&nbsp;prepare and file with the SEC an Exchange Offer Registration Statement on an appropriate form under the 1933 Act with respect to a proposed Exchange Offer and the issuance
and delivery to the Holders, in exchange for the Registrable Securities (other than Private Exchange Securities), of a like principal amount of Exchange Securities, (B)&nbsp;to cause the Exchange Offer Registration Statement to be declared effective
under the 1933 Act, (C)&nbsp;keep the Exchange Offer Registration Statement effective until the closing of the Exchange Offer and (D)&nbsp;cause the Exchange Offer to be consummated not later than 270 days following the Closing Date. The Exchange
Securities will be issued under the Indenture. Upon the effectiveness of the Exchange Offer Registration Statement, the Company and the Guarantors shall promptly commence the Exchange Offer, it being the objective of such Exchange Offer to enable
each Holder eligible and electing to exchange Registrable Securities for Exchange Securities (assuming that such Holder (a)&nbsp;is not an affiliate of the Company within the meaning of Rule&nbsp;405 under the 1933 Act, (b)&nbsp;is not a
broker-dealer tendering Registrable Securities acquired directly from the Company for its own account, (c)&nbsp;acquired the Exchange Securities in the ordinary course of such Holder&#146;s business and (d)&nbsp;has no arrangements or understandings
with any Person to participate in the Exchange Offer for the purpose of distributing the Exchange Securities, and has made representations to the Company to that effect) to transfer such Exchange Securities from and after their receipt without any
limitations or restrictions under the 1933 Act and under state securities or blue sky laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In connection with the Exchange
Offer, the Company and the Guarantors shall: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) mail as promptly as practicable after the Exchange Offer Registration
Statement has been declared effective under the 1933 Act to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) keep the Exchange Offer open for acceptance for a period of not less than 30&nbsp;calendar days after the date notice thereof is
mailed to the Holders (or longer if required by applicable law) (such period referred to herein as the &#147;Exchange Period&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) utilize the services of the Depositary for the Exchange Offer; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) permit
Holders to withdraw tendered Registrable Securities at any time prior to 5:00 p.m. (Eastern Standard Time), on the last business day of the Exchange Period, by sending to the institution specified in the notice, a telegram, telex, facsimile
transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange, and a statement that such Holder is withdrawing such Holder&#146;s election to have such Registrable Securities
exchanged; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) notify each Holder that any Registrable Security not tendered will remain outstanding and continue to accrue
interest, but will not retain any rights under this Agreement (except in the case of the Initial Purchasers and Participating Broker-Dealers as provided herein); and </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) otherwise comply in all respects with all applicable laws relating to the Exchange
Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Securities acquired by them and
having the status of an unsold allotment in the initial distribution, the Company and the Guarantors upon the request of any Initial Purchaser shall, simultaneously with the delivery of the Exchange Securities in the Exchange Offer, issue and
deliver to such Initial Purchaser in exchange (the &#147;Private Exchange&#148;) for the Securities held by such Initial Purchaser, a like principal amount of debt securities of the Company, guaranteed by the Guarantors on a senior subordinated
basis, that are identical (except that such securities shall bear appropriate transfer restrictions) to the Exchange Securities (the &#147;Private Exchange Securities&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Exchange Securities and the Private Exchange Securities shall be issued under (i)&nbsp;the Indenture or (ii)&nbsp;an indenture identical in all material respects to the Indenture and which, in either
case, has been qualified under the Trust Indenture Act of 1939, as amended (the &#147;TIA&#148;), or is exempt from such qualification and shall provide that the Exchange Securities shall not be subject to the transfer restrictions set forth in the
Indenture but that the Private Exchange Securities shall be subject to such transfer restrictions. The Indenture or such indenture shall provide that the Exchange Securities, the Private Exchange Securities and the Securities shall vote and consent
together on all matters as one class and that none of the Exchange Securities, the Private Exchange Securities or the Securities will have the right to vote or consent as a separate class on any matter. The Private Exchange Securities shall be of
the same series as and the Company and the Guarantors shall use all commercially reasonable efforts to have the Private Exchange Securities bear the same CUSIP number as the Exchange Securities. Neither the Company nor any of the Guarantors shall
have any liability under this Agreement solely as a result of such Private Exchange Securities not bearing the same CUSIP number as the Exchange Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">As soon as practicable after the close of the Exchange Offer and/or the Private Exchange, as the case may be, the Company and the Guarantors shall: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) accept for exchange all Registrable Securities duly tendered and not validly withdrawn pursuant to the Exchange
Offer in accordance with the terms of the Exchange Offer Registration Statement and the letter of transmittal which shall be an exhibit thereto; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(ii) accept for exchange all Securities properly tendered pursuant to the Private Exchange; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(iii) deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities so accepted for exchange; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) cause the Trustee promptly to authenticate and deliver Exchange Securities or Private Exchange Securities, as the
case may be, to each Holder of Registrable Securities so accepted for exchange in a principal amount equal to the principal amount of the Registrable Securities of such Holder so accepted for exchange. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 6 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Interest on each Exchange Security and Private Exchange Security will accrue from the last
date on which interest was paid on the Registrable Securities surrendered in exchange therefor or, if no interest has been paid on the Registrable Securities, from the date of original issuance. The Exchange Offer and the Private Exchange shall not
be subject to any conditions, other than (i)&nbsp;that the Exchange Offer or the Private Exchange, or the making of any exchange by a Holder, does not violate applicable law or any applicable interpretation of the staff of the SEC, (ii)&nbsp;the due
tendering of Registrable Securities shall be in accordance with the Exchange Offer and the Private Exchange, (iii)&nbsp;that each Holder of Registrable Securities exchanged in the Exchange Offer shall have represented that all Exchange Securities to
be received by it shall be acquired in the ordinary course of its business and that at the time of the consummation of the Exchange Offer it shall have no arrangement or understanding with any person to participate in the distribution (within the
meaning of the 1933 Act) of the Exchange Securities and shall have made such other representations as may be reasonably necessary under applicable SEC rules, regulations or interpretations to render the use of Form S-4 or other appropriate form
under the 1933 Act available and (iv)&nbsp;that no action or proceeding shall have been instituted or threatened in any court or by or before any governmental agency with respect to the Exchange Offer or the Private Exchange which, in the
Company&#146;s and the Guarantors&#146; judgment, would reasonably be expected to impair the ability of the Company and the Guarantors to proceed with the Exchange Offer or the Private Exchange. The Company and the Guarantors shall inform the
Initial Purchasers of the names and addresses of the Holders to whom the Exchange Offer is made, and the Initial Purchasers shall have the right to contact such Holders and otherwise facilitate the tender of Registrable Securities in the Exchange
Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2.2 <U>Shelf&nbsp;Registration</U>. (i)&nbsp;If, because of any changes in law, SEC rules or regulations or
applicable interpretations thereof by the staff of the SEC, the Company and the Guarantors are not permitted to effect the Exchange Offer as contemplated by Section&nbsp;2.1 hereof, (ii)&nbsp;if for any other reason the Exchange Offer is not
consummated within 270 days after the original issue of the Registrable Securities, (iii)&nbsp;upon the request of any of the Initial Purchasers with respect to Registrable Securities not eligible to be exchanged for Exchange Securities in the
Exchange Offer, (iv)&nbsp;if a Holder is not permitted by applicable law to participate in the Exchange Offer or (v)&nbsp;in the case of any Holder that participates in an Exchange Offer, such Holder does not receive Exchange Securities acquired by
it in the Exchange Offer that may be sold without restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Company within the meaning of the 1933 Act), then in case of each of
clauses&nbsp;(i) through (v)&nbsp;the Company and the Guarantors shall, at their cost: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) As promptly as
practicable, file with the SEC, and thereafter shall use their commercially reasonable efforts to cause to be declared effective within 270 days after the original issue of the Registrable Securities, a Shelf Registration Statement relating to the
offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods of distribution elected by the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration Statement.
</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Use their commercially reasonable efforts to keep the Shelf
Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders until the earliest of (i)&nbsp;two years after the original issue date of the Registrable Securities, (ii)&nbsp;such time as
all Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or (iii)&nbsp;the date upon which all Registrable Securities covered by Shelf Registration Statement become eligible
for resale under Rule 144, without regard to volume, manner of sale or other restrictions contained in Rule 144 or (iv)&nbsp;all Registrable Securities cease to be outstanding or otherwise to be Registrable Securities (the &#147;Effectiveness
Period&#148;); <I>provided, however</I>, that the Effectiveness Period in respect of the Shelf Registration Statement shall be extended to the extent required to permit dealers to comply with the applicable prospectus delivery requirements of
Rule&nbsp;174 under the 1933 Act and as otherwise provided herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Notwithstanding any other provisions
hereof, use their commercially reasonable efforts to ensure that (i)&nbsp;any Shelf Registration Statement and any amendment thereto and any Prospectus forming part thereof and any supplement thereto complies in all material respects with the 1933
Act and the rules and regulations thereunder, (ii)&nbsp;any Shelf Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading and (iii)&nbsp;any Prospectus forming part of any Shelf Registration Statement, and any supplement to such Prospectus (as amended or supplemented from time to time), does not
include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements, in light of the circumstances under which they were made, not misleading. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company and the Guarantors shall not permit any securities other than Registrable Securities to be included in the Shelf
Registration Statement. The Company and the Guarantors further agree, if necessary, to supplement or amend the Shelf Registration Statement, as required by Section&nbsp;3(b) below, and to furnish to the Holders of Registrable Securities copies of
any such supplement or amendment promptly after its being used or filed with the SEC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2.3 <U>Expenses</U>. The Company and
the Guarantors shall pay all Registration Expenses in connection with the registration pursuant to Section&nbsp;2.1 or 2.2. Each Holder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of such Holder&#146;s Registrable Securities pursuant to the Shelf Registration Statement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2.4.
<U>Effectiveness</U>. (a)&nbsp;The Company and the Guarantors will be deemed not to have used their commercially reasonable efforts to cause the Exchange Offer Registration Statement or the Shelf Registration Statement, as the case may be, to
become, or to remain, </FONT></P>
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effective during the requisite period if the Company or any of the Guarantors voluntarily takes any action that would, or omits to take any action which omission would, result in any such
Registration Statement not being declared effective or in the Holders of Registrable Securities covered thereby not being able to exchange or offer and sell such Registrable Securities during that period as and to the extent contemplated hereby,
unless such action is required by applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:23%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) An Exchange Offer Registration Statement pursuant to Section&nbsp;2.1
hereof or a Shelf Registration Statement pursuant to Section&nbsp;2.2 hereof will not be deemed to have become effective unless it has been declared effective by the SEC; <I>provided, however</I>, that if, after it has been declared effective, the
offering of (i)&nbsp;Registrable Securities pursuant to an Exchange Offer Registration Statement or (ii)&nbsp;Registrable Securities pursuant to a Shelf Registration Statement is interfered with by any stop order, injunction or other order or
requirement of the SEC or any other governmental agency or court, such Registration Statement will be deemed not to have become effective during the period of such interference, until the offering of such Registrable Securities pursuant to such
Registration Statement may legally resume. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">2.5 <U>Interest</U>. If the Exchange Offer is not consummated or a Shelf
Registration Statement is not declared effective, in either case, on or prior to the 270th calendar day following the date of original issue of the Securities (either such event , a &#147;Registration Default&#148;), the interest rate borne by the
Securities and the Private Exchange Securities shall be increased (&#147;Additional Interest&#148;) by one-quarter of one percent per annum upon the occurrence of each Registration Default, which rate will increase by one quarter of one percent each
90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event exceed one percent (1%)&nbsp;per annum. Following the cure of all
Registration Defaults, the accrual of Additional Interest will cease and the interest rate will revert to the original rate. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Shelf Registration Statement is declared effective but shall thereafter become unusable by the Holders for any reason, and the
aggregate number of days in any consecutive twelve-month period for which the Shelf Registration Statement shall not be usable exceeds 30 days in the aggregate, then the interest rate borne by the Securities and the Private Exchange Securities (so
long as the Private Exchange Securities have the status of an unsold allotment at the time of the Exchange Offer) will be increased by 0.25%&nbsp;per annum of the principal amount of the Securities and the Private Exchange Securities for the first
90-day period (or portion thereof) beginning on the 31</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3">
such date that such Shelf Registration Statement ceases to be usable, which rate shall be increased by an additional 0.25%&nbsp;per annum of the principal amount of the Securities and the Private Exchange (so long as the Private Exchange Securities
have the status of an unsold allotment at the time of the Exchange Offer) at the beginning of each subsequent 90-day period, provided that the maximum aggregate increase in the interest rate will in no event exceed one percent (1%)&nbsp;per annum.
Any amounts payable under this paragraph shall also be deemed &#147;Additional Interest&#148; for purposes of this Agreement. Upon the Shelf Registration Statement once again becoming usable, the interest rate borne by the Securities and the Private
Exchange Securities will be reduced to the original interest rate if the Company is </FONT></P>
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otherwise in compliance with this Agreement at such time. Additional Interest shall be computed based on the actual number of days elapsed in each 90-day period in which the Shelf Registration
Statement is unusable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company and the Guarantors shall notify the Trustee within five business days after each and
every date on which an event occurs in respect of which Additional Interest is required to be paid (an &#147;Event Date&#148;). Additional Interest shall be paid by depositing with the Trustee, in trust, for the benefit of the Holders of Registrable
Securities, on or before the applicable semiannual interest payment date, immediately available funds in sums sufficient to pay the Additional Interest then due. The Additional Interest due shall be payable on each interest payment date to the
record Holder of Securities and Private Exchange Securities entitled to receive the interest payment to be paid on such date as set forth in the Indenture. Each obligation to pay Additional Interest shall be deemed to accrue from and including the
day following the applicable Event Date. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">3. <U>Registration&nbsp;Procedures</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In connection with the obligations of the Company and the Guarantors with respect to Registration Statements pursuant to
Sections&nbsp;2.1 and 2.2 hereof, the Company and the Guarantors shall: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) prepare and file with the SEC a Registration
Statement, within the relevant time period specified in Section&nbsp;2, on the appropriate form under the 1933 Act, which form (i)&nbsp;shall be selected by the Company and the Guarantors, (ii)&nbsp;shall, in the case of a Shelf Registration, be
available for the sale of the Registrable Securities by the selling Holders thereof, (iii)&nbsp;shall comply as to form in all material respects with the requirements of the applicable form and include or incorporate by reference all financial
statements required by the SEC to be filed therewith or incorporated by reference therein, and (iv)&nbsp;shall comply in all respects with the requirements of Regulation S-T under the 1933 Act, and use their commercially reasonable efforts to cause
such Registration Statement to become effective and remain effective in accordance with Section&nbsp;2 hereof; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) prepare
and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary under applicable law to keep such Registration Statement effective for the applicable period; and cause each Prospectus to be
supplemented by any required prospectus supplement, and as so supplemented to be filed pursuant to Rule&nbsp;424 (or any similar provision then in force) under the 1933 Act and comply with the provisions of the 1933 Act, the 1934 Act and the rules
and regulations thereunder applicable to them with respect to the disposition of all securities covered by each Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the selling
Holders thereof (including sales by any Participating Broker-Dealer); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) in the case of a Shelf Registration,
(i)&nbsp;notify each Holder of Registrable Securities, at least five business days prior to filing, that a Shelf Registration Statement with respect to the Registrable Securities is being filed and advising such Holders that the distribution of
Registrable Securities will be made in accordance with the method selected by the Majority </FONT></P>
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Holders participating in the Shelf Registration; (ii)&nbsp;furnish to each Holder of Registrable Securities and to each underwriter of an underwritten offering of Registrable Securities, if any,
without charge, as many copies of each Prospectus, including each preliminary Prospectus, and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request, including financial statements and
schedules and, if the Holder so requests, all exhibits, in order to facilitate the public sale or other disposition of the Registrable Securities; and (iii)&nbsp;hereby consent to the use of the Prospectus or any amendment or supplement thereto by
each of the selling Holders of Registrable Securities in connection with the offering and sale of the Registrable Securities covered by the Prospectus or any amendment or supplement thereto; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) in the case of a Shelf Registration, use their commercially reasonable efforts to register or qualify the Registrable Securities
under all applicable state securities or &#147;blue sky&#148; laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration Statement and each underwriter of an underwritten offering of Registrable Securities shall
reasonably request by the time the applicable Registration Statement is declared effective by the SEC, and do any and all other acts and things which may be reasonably necessary or advisable to enable each such Holder and underwriter to consummate
the disposition in each such jurisdiction of such Registrable Securities owned by such Holder; <I>provided, however</I>, that none of the Company and the Guarantors shall be required to (i)&nbsp;qualify as a foreign corporation or as a dealer in
securities in any jurisdiction where it would not otherwise be required to qualify but for this Section&nbsp;3(d), or (ii)&nbsp;take any action which would subject it to general service of process or taxation in any such jurisdiction where it is not
then so subject; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) notify promptly each Holder of Registrable Securities under a Shelf Registration or any Participating
Broker-Dealer who has notified the Company and the Guarantors that it is utilizing the Exchange Offer Registration Statement as provided in paragraph&nbsp;(f) below and, if requested by such Holder or Participating Broker-Dealer, confirm such advice
in writing promptly (i)&nbsp;when a Registration Statement has become effective and when any post-effective amendments and supplements thereto become effective, (ii)&nbsp;of any request by the SEC or any state securities authority for post-effective
amendments and supplements to a Registration Statement and Prospectus or for additional information after the Registration Statement has become effective, (iii)&nbsp;of the issuance by the SEC or any state securities authority of any stop order
suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (iv)&nbsp;in the case of a Shelf Registration, if, between the effective date of such Registration Statement and the closing of any sale
of Registrable Securities covered thereby, the representations and warranties of the Company and the Guarantors contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to the offering cease to
be true and correct in all material respects, (v)&nbsp;of the happening of any event or the discovery of any facts during the period a Shelf Registration Statement is effective which makes any statement made in such Registration Statement or the
related Prospectus untrue in any material respect or which requires the making of any changes in such Registration Statement or Prospectus in order to make the statements therein not misleading, (vi)&nbsp;of the receipt by the Company of any
notification with respect to the </FONT></P>
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suspension of the qualification of the Registrable Securities or the Exchange Securities, as the case may be, for sale in any jurisdiction or the initiation or threatening of any proceeding for
such purpose and (vii)&nbsp;of any determination by the Company that a post-effective amendment to such Registration Statement would be appropriate; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(f) in the case of the Exchange Offer Registration Statement (i)&nbsp;include in the Exchange Offer Registration Statement a section entitled &#147;Plan of Distribution&#148; which section shall be
reasonably acceptable to the Representative on behalf of the Participating Broker-Dealers, and which shall contain a summary statement of the positions taken or policies made public by the staff of the SEC with respect to the potential
&#147;underwriter&#148; status of any broker-dealer that holds Registrable Securities acquired for its own account as a result of market-making activities or other trading activities and that will be the beneficial owner (as defined in
Rule&nbsp;13d-3 promulgated under the 1934 Act) of Exchange Securities to be received by such broker-dealer in the Exchange Offer, including a statement that any such broker-dealer who receives Exchange Securities for Registrable Securities pursuant
to the Exchange Offer may be deemed a statutory underwriter and must deliver a prospectus meeting the requirements of the 1933 Act in connection with any resale of such Exchange Securities, (ii)&nbsp;furnish to each Participating Broker-Dealer who
has delivered to the Company the notice referred to in Section&nbsp;3(e), without charge, as many copies of each Prospectus included in the Exchange Offer Registration Statement, including any preliminary prospectus, and any amendment or supplement
thereto, as such Participating Broker-Dealer may reasonably request, (iii)&nbsp;hereby consent to the use of the Prospectus forming part of the Exchange Offer Registration Statement or any amendment or supplement thereto, by any Person subject to
the prospectus delivery requirements of the SEC, including all Participating Broker-Dealers, in connection with the sale or transfer of the Exchange Securities covered by the Prospectus or any amendment or supplement thereto, and (iv)&nbsp;include
in the transmittal letter or similar documentation to be executed by an exchange offeree in order to participate in the Exchange Offer (x)&nbsp;the following provision: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&#147;If the exchange offeree is a broker-dealer holding Registrable Securities acquired for its own account as a result of market-making activities or other trading activities, it will deliver a
prospectus meeting the requirements of the 1933 Act in connection with any resale of Exchange Securities received in respect of such Registrable Securities pursuant to the Exchange Offer;&#148; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">(y)&nbsp;a statement to the effect that by a broker-dealer making the acknowledgment described in clause&nbsp;(x) and by delivering a Prospectus in
connection with the exchange of Registrable Securities, the broker-dealer will not be deemed to admit that it is an underwriter within the meaning of the 1933 Act; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(g) (i) in the case of an Exchange Offer, furnish counsel for the Initial Purchasers and (ii)&nbsp;in the case of a Shelf Registration, furnish counsel for the Holders of Registrable Securities copies of
any comment letters received from the SEC or any other request by the SEC or any state securities authority for amendments or supplements to a Registration Statement and Prospectus or for additional information; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 12 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) use commercially reasonable efforts to obtain the withdrawal of any order suspending
the effectiveness of a Registration Statement at the earliest possible moment; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) in the case of a Shelf Registration,
furnish to each Holder of Registrable Securities, and each underwriter, if any, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto, including financial statements and schedules
(without documents incorporated therein by reference and all exhibits thereto, unless requested); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(j) in the case of a Shelf
Registration, cooperate with the selling Holders of Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such
Registrable Securities to be in such denominations (consistent with the provisions of the Indenture) and registered in such names as the selling Holders or the underwriters, if any, may reasonably request at least three business days prior to the
closing of any sale of Registrable Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(k) in the case of a Shelf Registration, upon the occurrence of any event or
the discovery of any facts, each as contemplated by Sections&nbsp;3(e)(v) and 3(e)(vi) hereof, as promptly as practicable after the occurrence of such an event, use their commercially reasonable efforts to prepare a supplement or post-effective
amendment to the Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities or Participating
Broker-Dealers, such Prospectus will not contain at the time of such delivery any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading or will remain so qualified. At such time as such public disclosure is otherwise made or the Company determines that such disclosure is not necessary, in each case to correct any misstatement of a material fact or to include any
omitted material fact, the Company agrees promptly to notify each Holder of such determination and to furnish each Holder such number of copies of the Prospectus as amended or supplemented, as such Holder may reasonably request; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(l) in the case of a Shelf Registration, within a reasonable time prior to the filing of any Registration Statement, any Prospectus, any
amendment to a Registration Statement or amendment or supplement to a Prospectus or any document which is to be incorporated by reference into a Registration Statement or a Prospectus after initial filing of a Registration Statement or any
&#147;issuer free writing prospectus&#148; as defined in Rule 433 under the 1933 Act (&#147;Issuer Free Writing Prospectus&#148;), provide copies of such document to the Initial Purchasers on behalf of such Holders; and make representatives of the
Company and the Guarantors as shall be reasonably requested by the Holders of Registrable Securities, or the Initial Purchasers on behalf of such Holders, available for discussion of such document; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(m) use their commercially reasonable efforts to obtain a CUSIP number for all Exchange Securities, Private Exchange Securities or
Registrable Securities, as the case may be, not later than the effective date of a Registration Statement, and provide the Trustee with printed certificates for the Exchange Securities, Private Exchange Securities or the Registrable Securities, as
the case may be, in a form eligible for deposit with the Depositary; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 13 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(n)&nbsp;(i) cause the Indenture to be qualified under the TIA in connection with the
registration of the Exchange Securities or Registrable Securities, as the case may be, (ii)&nbsp;cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance
with the terms of the TIA and (iii)&nbsp;execute, and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to effect such changes, and all other forms and documents required to be filed with the
SEC to enable the Indenture to be so qualified in a timely manner; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(o) in the case of a Shelf Registration, enter into
agreements (including underwriting agreements) and take all other customary and appropriate actions in order to expedite or facilitate the disposition of such Registrable Securities and in such connection whether or not an underwriting agreement is
entered into and whether or not the registration is an underwritten registration: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) make such
representations and warranties to the Holders of such Registrable Securities and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters in similar underwritten offerings as may be reasonably
requested by them; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) obtain opinions of counsel to the Company and the Guarantors and updates thereof
(which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any, and the holders of a majority in principal amount of the Registrable Securities being sold) addressed to each selling
Holder and the underwriters, if any, covering the matters customarily covered in opinions requested in sales of securities or underwritten offerings and such other matters as may be reasonably requested by such Holders and underwriters; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) obtain &#147;cold comfort&#148; letters and updates thereof from the Company&#146;s and the Guarantors&#146;
independent certified public accountants (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements are, or are required to be,
included in the Registration Statement) addressed to the underwriters, if any, and use commercially reasonable efforts to have such letter addressed to the selling Holders of Registrable Securities (to the extent consistent with Statement on
Auditing Standards No.&nbsp;72 of the American Institute of Certified Public Accountants), such letters to be in customary form and covering matters of the type customarily covered in &#147;cold comfort&#148; letters to underwriters in connection
with similar underwritten offerings; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) if an underwriting agreement is entered into, cause the same to
set forth indemnification provisions and procedures substantially equivalent to the indemnification provisions and procedures set forth in Section&nbsp;4 hereof with </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 14 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
respect to the underwriters and all other parties to be indemnified pursuant to said Section or, at the request of any underwriters, in the form customarily provided to such underwriters in
similar types of transactions; <I>provided</I> such underwriting agreement shall contain customary provisions regarding indemnification of the Company and the Guarantors with the respect to information provided by the underwriters; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v) deliver such documents and certificates as may be reasonably requested and as are customarily delivered in similar
offerings to the Holders of a majority in principal amount of the Registrable Securities being sold and the managing underwriters, if any. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">The above shall be done at (i)&nbsp;the effectiveness of such Registration Statement (and each post-effective amendment thereto) and (ii)&nbsp;each
closing under any underwriting or similar agreement as and to the extent required thereunder. In the case of any underwritten offering, the Company and the Guarantors shall provide written notice to the Holders of all Registrable Securities of such
underwritten offering at least 15 days prior to the filing of a prospectus supplement for such underwritten offering. Such notice shall (x)&nbsp;offer each such Holder the right to participate in such underwritten offering, (y)&nbsp;specify a date,
which shall be no earlier than 10 days following the date of such notice, by which such Holder must inform the Company of its intent to participate in such underwritten offering and (z)&nbsp;include the instructions such Holder must follow in order
to participate in such underwritten offering; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(p) in the case of a Shelf Registration or if a Prospectus is required to be
delivered by any Participating Broker-Dealer in the case of an Exchange Offer, make available for inspection during regular business hours by representatives of the Holders of the Registrable Securities, any underwriters participating in any
disposition pursuant to a Shelf Registration Statement, any Participating Broker-Dealer and any counsel or accountant retained by any of the foregoing (collectively, the &#147;Inspectors&#148;), all financial and other records, pertinent corporate
documents and properties of the Company and the Guarantors (&#147;Records&#148;) reasonably requested by any such persons, and cause the respective officers, directors, employees, and any other agents of the Company and the Guarantors to supply all
information reasonably requested by any such representative, underwriter, special counsel or accountant in connection with a Registration Statement, and make such representatives of the Company and the Guarantors available for discussion of such
documents as shall be reasonably requested by the Initial Purchasers. Records which the Company determines, in good faith, to be confidential and any Records which it notifies the Inspectors are confidential shall be maintained in confidence and
shall not be disclosed by the Inspectors to any other Person until such time as (1)&nbsp;disclosure of such Records is required to be set forth in the Shelf Registration Statement or a Prospectus in order that such Shelf Registration Statement or
Prospectus, as the case may be, does not contain an untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then
existing (in which case the subject information may only be disclosed to another Person following such time as the Shelf Registration Statement in which such information is included is publicly filed by the Company with the SEC), (2)&nbsp;disclosure
is required to be made in connection </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 15 -
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with a court, administrative or regulatory proceeding or required by law (but only after prior written notice of such requirement shall have given to the Company), (3)&nbsp;the information in
such Records has been made generally available to the public or (4)&nbsp;such other Person signs a confidentiality agreement to maintain such Records in confidence in accordance with this Section&nbsp;3(p). Each such Inspector will be required to
agree to keep information obtained by it as a result of its inspections pursuant to this Agreement confidential (except as otherwise permitted to be disclosed hereunder) and not to use such information as the basis for any market transactions in the
securities of the Company unless and until such is made generally available to the public. Each Inspector will be required to further agree that it will, upon learning that disclosure of such Records is sought under clause (1)&nbsp;above, give
notice to the Company and allow the Company and its subsidiaries at their expense to undertake appropriate action to prevent disclosure of the Records deemed confidential; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(q) (i) in the case of an Exchange Offer Registration Statement, within a reasonable time prior to the filing of any Exchange Offer Registration Statement, any Prospectus forming a part thereof, any
amendment to an Exchange Offer Registration Statement or amendment or supplement to such Prospectus or any Issuer Free Writing Prospectus, provide copies of such document to the Initial Purchasers and to counsel to both the Holders of Registrable
Securities and make such changes in any such document prior to the filing thereof as the Initial Purchasers or counsel to the Holders of Registrable Securities may reasonably request and, except as otherwise required by applicable law, not file any
such document in a form to which the Initial Purchasers on behalf of the Holders of Registrable Securities and counsel to the Holders of Registrable Securities shall not have previously been advised and furnished a copy of or to which the Initial
Purchasers on behalf of the Holders of Registrable Securities or counsel to the Holders of Registrable Securities shall reasonably object, and make the representatives of the Company and the Guarantors available for discussion of such documents as
shall be reasonably requested by the Initial Purchasers; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) in the case of a Shelf Registration, within a reasonable
time prior to filing any Shelf Registration Statement, any Prospectus forming a part thereof, any amendment to such Shelf Registration Statement or amendment or supplement to such Prospectus or any Issuer Free Writing Prospectus, provide copies of
such document to the Holders of Registrable Securities, to the Initial Purchasers, to counsel for the Holders and to the underwriter or underwriters of an underwritten offering of Registrable Securities, if any, make such changes in any such
document prior to the filing thereof as the Initial Purchasers, the counsel to the Holders or the underwriter or underwriters reasonably request and not file any such document in a form to which the Majority Holders, the Initial Purchasers on behalf
of the Holders of Registrable Securities, counsel for the Holders of Registrable Securities or any underwriter shall not have previously been advised and furnished a copy of or to which the Majority Holders, the Initial Purchasers on behalf of the
Holders of Registrable Securities, counsel to the Holders of Registrable Securities or any underwriter shall reasonably object, and make the representatives of the Company and the Guarantors available for discussion of such document as shall be
reasonably requested by the Holders of Registrable Securities, the Initial Purchasers on behalf of such Holders, counsel for the Holders of Registrable Securities or any underwriter. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 16 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(r) in the case of a Shelf Registration, use their commercially reasonable efforts to cause
all Registrable Securities to be listed on any securities exchange on which similar debt securities issued by the Company are then listed if requested by the Majority Holders, or if reasonably requested by the underwriter or underwriters of an
underwritten offering of Registrable Securities, if any; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(s) in the case of a Shelf Registration, use their commercially
reasonable efforts to cause the Registrable Securities to be rated by the appropriate rating agencies, if so requested by the Majority Holders, or if requested by the underwriter or underwriters of an underwritten offering of Registrable Securities,
if any; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(t) otherwise comply with all applicable rules and regulations of the SEC and make available to its security
holders, as soon as reasonably practicable, an earnings statement covering at least 12 months which shall satisfy the provisions of Section&nbsp;11(a) of the 1933 Act and Rule&nbsp;158 promulgated thereunder; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(u) cooperate and assist in any filings required to be made with FINRA and, in the case of a Shelf Registration, in the performance of
any due diligence investigation by any underwriter and its counsel (including any &#147;qualified independent underwriter&#148; that is required to be retained in accordance with the rules and regulations of FINRA); and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v) upon consummation of an Exchange Offer or a Private Exchange, obtain (i)&nbsp;a customary opinion of counsel as may be required by
the Trustee and (ii)&nbsp;an officers&#146; certificate containing the certifications substantially similar to those set forth in Section&nbsp;5(e) of the Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">In the case of a Shelf Registration Statement, the Company and the Guarantors may (as a condition to such Holder&#146;s participation in the Shelf Registration) require each Holder of Registrable
Securities to furnish to the Company and the Guarantors such information regarding the Holder and the proposed distribution by such Holder of such Registrable Securities as the Company and the Guarantors may from time to time reasonably request in
writing. The Company may exclude from such Shelf Registration Statement the Registrable Securities of any Holder who fails to furnish such information within a reasonable time (not to exceed 20 business days) after receiving such request. Each
Holder as to which any Shelf Registration Statement is being effected agrees to as promptly as practicable furnish to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such
Holder not materially misleading. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the case of a Shelf Registration Statement, each Holder agrees that, upon receipt of
any notice from the Company and the Guarantors of the happening of any event or the discovery of any facts, each of the kind described in Section&nbsp;3(e)(v) and 3(e)(vi) hereof, such Holder will forthwith discontinue disposition of Registrable
Securities pursuant to a Registration Statement until such Holder&#146;s receipt of the copies of the supplemented or amended Prospectus contemplated by Section&nbsp;3(k) hereof, and, if so directed by the Company and the Guarantors, such Holder
will deliver to the Company and the Guarantors (at their expense) all copies in such Holder&#146;s possession, other than permanent file copies then in such Holder&#146;s possession, of the Prospectus covering such Registrable Securities current at
the time of receipt of such notice. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 17 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event that the Company and the Guarantors fail to effect the Exchange Offer or file
any Shelf Registration Statement and maintain the effectiveness of any Shelf Registration Statement as provided herein, the Company and the Guarantors shall not file any registration statement (other than registration statements on Forms S-4 or S-8)
with respect to any securities (within the meaning of Section&nbsp;2(1) of the 1933 Act) of the Company and the Guarantors other than Registrable Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If any of the Registrable Securities covered by any Shelf Registration Statement are to be sold in an underwritten offering, the underwriter or underwriters and manager or managers that will manage such
offering will be selected by the Majority Holders of such Registrable Securities included in such offering and shall be acceptable to the Company and the Guarantors. No Holder of Registrable Securities may participate in any underwritten
registration hereunder unless such Holder (a)&nbsp;agrees to sell such Holder&#146;s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and
(b)&nbsp;completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">4. <U>Indemnification;&nbsp;Contribution</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) The Company and the Guarantors, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser, each Holder, each Participating Broker-Dealer, each Person who participates as an
underwriter (any such Person being an &#147;Underwriter&#148;), each Person, if any, who controls any Holder or Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act and the respective Affiliates,
directors, officers and employees of any of the foregoing as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) against any and all loss,
liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement (or any amendment or supplement thereto) pursuant to which
Exchange Securities or Registrable Securities were registered under the 1933 Act, including all documents incorporated therein by reference, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary
to make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact contained in any Prospectus (or any amendment or supplement thereto) or Issuer Free Writing Prospectus or the
omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 18 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) against any and all loss, liability, claim, damage and expense
whatsoever, as incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim whatsoever based upon any such
untrue statement or omission, or any such alleged untrue statement or omission; <I>provided</I> that (subject to Section&nbsp;4(d) below) any such settlement is effected with the written consent of the Company and the Guarantors; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) against any and all expense whatsoever, as incurred (including the fees and disbursements of counsel chosen by any
indemnified party), reasonably incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such
untrue statement or omission, or any such alleged untrue statement or omission, to the extent that any such expense is not paid under subparagraph&nbsp;(i) or (ii)&nbsp;above; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><I>provided</I>, <I>however</I>, that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with written information furnished to the Company and the Guarantors by or on behalf of the Initial Purchasers, the Holder, Participating Broker-Dealer or Underwriter expressly for
use in a Registration Statement (or any amendment thereto) or any Prospectus (or any amendment or supplement thereto). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)
Each Holder severally, but not jointly, agrees to indemnify and hold harmless the Company, the Guarantors, the Initial Purchasers, each Underwriter and the other selling Holders, and each of their respective Affiliates, directors, officers and
employees, and each Person, if any, who controls the Company, the Guarantors, the Initial Purchasers, any Underwriter or any other selling Holder within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act, against any
and all loss, liability, claim, damage and expense described in the indemnity contained in Section&nbsp;4(a) hereof, as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Shelf
Registration Statement (or any amendment thereto) or any Prospectus included therein (or any amendment or supplement thereto) or any Issuer Free Writing Prospectus in reliance upon and in conformity with written information with respect to such
Holder furnished to the Company by or on behalf of such Holder expressly for use in the Shelf Registration Statement (or any amendment thereto) or such Prospectus (or any amendment or supplement thereto) or any Issuer Free Writing Prospectus;
<I>provided, however</I>, that no such Holder shall be liable for any claims hereunder in excess of the amount of net proceeds received by such Holder from the sale of Registrable Securities pursuant to such Shelf Registration Statement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Each indemnified party shall give notice as promptly as reasonably practicable to each indemnifying party of any action or
proceeding commenced against it in respect of which indemnity may be sought hereunder, but failure so to notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially
prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement. An indemnifying party may participate at its own expense in the defense of such action;
<I>provided</I>, <I>however</I>, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 19 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
also be counsel to the indemnified party. In no event shall the indemnifying party or parties be liable for the fees and expenses of more than one counsel (in addition to any local counsel)
separate from their own counsel for all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party
shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this Section&nbsp;4 (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or
consent (i)&nbsp;includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim and (ii)&nbsp;does not include a statement as to or an admission of fault, culpability
or a failure to act by or on behalf of any indemnified party. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) If at any time an indemnified party shall have requested
an indemnifying party to reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for any settlement of the nature contemplated by Section&nbsp;4(a)(ii) effected without its written
consent if (i)&nbsp;such settlement is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party shall have received notice of the terms of such settlement at least 30 days
prior to such settlement being entered into and (iii)&nbsp;such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) If the indemnification provided for in this Section&nbsp;4 is for any reason unavailable to or insufficient to hold harmless an
indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each indemnifying party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by
such indemnified party, as incurred, in such proportion as is appropriate to reflect the relative fault of the Company and the Guarantors on the one hand and the Holders and the Initial Purchasers each on the other hand in connection with the
statements or omissions which resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The relative fault of the Company and the Guarantors on the one hand and the Holders and the Initial Purchasers each on the other hand shall be determined by reference to, among other things, whether any
such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors, the Holders or the Initial Purchasers and the parties&#146;
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The
Company, the Guarantors, the Holders and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section&nbsp;4 were determined by pro rata allocation (even if the Initial Purchasers were treated as one
entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section&nbsp;4. The aggregate amount of losses, liabilities, claims, damages and
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 20 -
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expenses incurred by an indemnified party and referred to above in this Section&nbsp;4 shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in
investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission
or alleged omission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notwithstanding the provisions of this Section&nbsp;4, no Initial Purchaser shall be required to
contribute any amount in excess of the amount by which the total price at which the Securities, Exchange Securities and Private Exchange Securities sold by it were offered exceeds the amount of any damages which such Initial Purchaser has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No Person guilty
of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f) of the 1933 Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For purposes of this Section&nbsp;4, each Person, if any, who controls an Initial Purchaser or Holder within the meaning of
Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have the same rights to contribution as such Initial Purchaser or Holder, and each director of the Company and such Guarantor, as the case may be, and each Person, if any, who
controls the Company and such Guarantor, as the case may be, within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have the same rights to contribution as the Company. The Initial Purchasers&#146; respective
obligations to contribute pursuant to this Section&nbsp;4 are several in proportion to the principal amount of Securities set forth opposite their respective names in Schedule&nbsp;A to the Purchase Agreement and not joint. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5. <U>Miscellaneous</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">5.1 <U>Rule&nbsp;144A</U>. Each of the Company and the Guarantors hereby agrees with each Holder, for so long as any Registrable Securities remain outstanding, if the Company is no longer required to file
reports under the 1934 Act, to make available to any Holder or beneficial owner of Registrable Securities in connection with any sale thereof and any prospective purchaser of such Registrable Securities from such Holder or beneficial owner, the
information required by Rule 144A(d)(4) under the 1933 Act in order to permit resales of such Registrable Securities pursuant to Rule 144A under the 1933 Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">5.2 <U>No&nbsp;Inconsistent&nbsp;Agreements</U>. The Company and the Guarantors have not entered into and the Company and the Guarantors will not after the date of this Agreement enter into any agreement
which is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with the rights
granted to the holders of the Company&#146;s and the Guarantor&#146;s other issued and outstanding securities under any such agreements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 21 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.3 <U>Amendments&nbsp;and&nbsp;Waivers</U>. The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained the written consent of Holders of at
least a majority in aggregate principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or departure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">5.4 <U>Notices</U>. All notices and other communications provided for or permitted hereunder shall be made in writing by hand delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (a)&nbsp;if to a Holder, at the most current address given by such Holder to the Company and the Guarantors by means of a notice given in accordance with the provisions of this Section&nbsp;5.4, which address
initially is the address set forth in the Purchase Agreement with respect to the Initial Purchasers; and (b)&nbsp;if to the Company and the Guarantors, initially at the Company&#146;s address set forth in the Purchase Agreement, and thereafter at
such other address of which notice is given in accordance with the provisions of this Section&nbsp;5.4. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All such notices and
communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; two business days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is
acknowledged, if telecopied; and on the next business day if timely delivered to an air courier guaranteeing overnight delivery. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Copies of all such notices, demands, or other communications shall be concurrently delivered by the person giving the same to the Trustee under the Indenture, at the address specified in such Indenture.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.5 <U>Successor&nbsp;and&nbsp;Assigns</U>. This Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; <I>provided</I> that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities, in any manner, whether by operation of law or otherwise, such
Registrable Securities shall be held subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities such person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and
provisions of this Agreement, including the restrictions on resale set forth in this Agreement and, if applicable, the Purchase Agreement, and such person shall be entitled to receive the benefits hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.6 <U>Third&nbsp;Party&nbsp;Beneficiaries</U>. The Initial Purchasers (even if the Initial Purchasers are not Holders of Registrable
Securities) shall be third party beneficiaries to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Holders, on the other hand, and shall have the right to enforce such agreements directly to the extent
they deem such enforcement necessary or advisable to protect their rights or the rights of Holders hereunder. Each Holder of Registrable Securities shall be a third party beneficiary to the agreements made under this Registration Rights Agreement
between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights
hereunder. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 22 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.7. <U>Specific Enforcement</U>. Without limiting the remedies available to the Initial
Purchasers and the Holders, the Company and the Guarantors acknowledge that any failure by the Company and the Guarantors to comply with their obligations under Sections&nbsp;2.1 through 2.4 hereof may result in material irreparable injury to the
Initial Purchasers or the Holders for which there is no adequate remedy at law, that it would not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain
such relief as may be required to specifically enforce the Company&#146;s and the Guarantor&#146;s obligations under Sections&nbsp;2.1 through 2.4 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">5.8. <U>Restriction on Resales</U>. Until the expiration of one year after the original issuance of the Securities and the Guarantees, the Company and the Guarantors will not, and to the extent it has an
ability to do so, will cause their &#147;affiliates&#148; (as such term is defined in Rule&nbsp;144(a)(1) under the 1933 Act) not to, resell any Securities and Guarantees which are &#147;restricted securities&#148; (as such term is defined under
Rule&nbsp;144(a)(3) under the 1933 Act) that have been reacquired by any of them. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.9 <U>Counterparts</U>. This Agreement
may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.10 <U>Headings</U>. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.11 <B><U>GOVERNING&nbsp;LAW</U>. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF.</B> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">5.12 <U>Severability</U>. In the event that any one or more of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 23 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="91%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ Stephen K. Coss</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: &nbsp;&nbsp;Stephen K. Coss, Esq.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title: &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President and</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">General Counsel</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Guarantors:</FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">ADI OF THE
SOUTHEAST LLC (a South Carolina limited liability company)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">ANTREV, LLC (a
North Carolina limited liability company)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">ARNGAR, INC. (a North Carolina
corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">AUTOBAHN, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">AVALON FORD, INC. (a Delaware corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">CASA FORD OF HOUSTON, INC. (a Texas corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">CORNERSTONE ACCEPTANCE CORPORATION (a Florida corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA AUTO FACTORY, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA BEVERLY HILLS, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA CAPITOL F, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA CAPITOL N, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA CONCORD H, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA CONCORD N, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA CONCORD T, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA DUBLIN N, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA DUBLIN VWD, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA HOLDING CORP. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA LAS VEGAS H, INC. (a Nevada corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA MARIN F, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA MARIN LR, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA POWAY G, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA POWAY H, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA POWAY T, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA SAN BRUNO, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA SANTA MONICA V, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA SERRAMONTE, INC. (a California corporation)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 24 -
</FONT></P>


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<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">FAA SERRAMONTE H, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FAA SERRAMONTE L, INC. (a California corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FAA STEVENS CREEK, INC. (a California corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FAA TORRANCE CPJ, INC. (a California corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FIRSTAMERICA AUTOMOTIVE, INC. (a Delaware corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FORT MILL FORD, INC. (a South Carolina corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FORT MYERS COLLISION CENTER, LLC (a Florida limited liability company)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FRANCISCAN MOTORS, INC. (a California corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FRANK PARRA AUTOPLEX, INC. (a Texas corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FRONTIER OLDSMOBILE &#150; CADILLAC, INC. (a North Carolina corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">HMC FINANCE ALABAMA, INC. (an Alabama corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">KRAMER MOTORS INCORPORATED (a California corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">L DEALERSHIP GROUP, INC. (a Texas corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">MARCUS DAVID CORPORATION (a North Carolina corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">MASSEY CADILLAC, INC. (a Tennessee corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">MASSEY CADILLAC, INC. (a Texas corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">MOUNTAIN STATES MOTORS CO., INC. (a Colorado corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">ROYAL MOTOR COMPANY, INC. (an Alabama corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI AL HC1, INC. (an Alabama corporation)</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI AL HC2, INC. (an Alabama corporation), on behalf of itself and as sole member of:</FONT></P> <P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI IRONDALE L, LLC (an Alabama limited<BR>&nbsp;&nbsp;&nbsp;&nbsp;liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI ANN ARBOR IMPORTS, LLC (a Michigan limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI ATLANTA B, LLC (a Georgia limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI BEVERLY HILLS INFINITI, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI BROKEN ARROW C, LLC (an Oklahoma limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI CHARLOTTE M, LLC (a North Carolina limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI COLUMBUS MOTORS, LLC (an Ohio limited liability company)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 25 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI COLUMBUS VWK, LLC (an Ohio limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC1, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC2, INC. (a Florida corporation), on behalf of itself and as sole member of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI CLEARWATER T, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC3, INC. (a
Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC4, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC5, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC6, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FL HC7, INC. (a Florida
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FORT MYERS B, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FORT MYERS H, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI FORT MYERS M, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI FORT MYERS VW,
LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI IRONDALE IMPORTS, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI LANSING CH, LLC (a Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI LONG BEACH B, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI MD HC1, INC. (a Maryland
corporation), on behalf of itself and as sole member of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI ROCKVILLE L, LLC (a Maryland limited liability
company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI MONROVIA B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI MONTGOMERY B, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI MONTGOMERY BCH, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI MONTGOMERY
CH, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI NASHVILLE CSH, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI NASHVILLE H, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI NASHVILLE M, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI NASHVILLE
MOTORS, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI NC HC2, INC. (a North Carolina corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 26 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI OH HC1, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI OK HC1, INC. (an Oklahoma corporation), on behalf of itself and as sole member of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI OKLAHOMA CITY C, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI OKLAHOMA CITY T, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI TULSA T, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI OKLAHOMA CITY H, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI ORLANDO CS, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI PEACHTREE, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI PLYMOUTH C, LLC (a
Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI RIVERSIDE C, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI ROCKVILLE IMPORTS, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI SANTA CLARA K, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI TN HC1, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI TN HC2, LLC (a
Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI TN HC3, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI TULSA N, LLC (an Oklahoma limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SAI VA HC1, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SANTA CLARA IMPORTED CARS, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AGENCY, INC. (a Michigan corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE F&amp;I, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE OF CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE OF NASHVILLE, LLC (a Tennessee limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 27 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE OF NEVADA, INC. (a Nevada corporation), on behalf of itself and as sole
member of: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI GEORGIA, LLC (a Georgia limited liability company), on behalf of itself and as general
partner of the following entities: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI GA HC1, LP (a Georgia limited partnership), on behalf of itself and
as sole member of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:57%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI STONE MOUNTAIN T, LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC PEACHTREE INDUSTRIAL BLVD., L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; STONE MOUNTAIN T, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE GEORGIA &#150; 1, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE GEORGIA &#150; 2, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE GEORGIA &#150; 3, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE SUPPORT, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE WEST, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 1495 AUTOMALL DRIVE, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE 2424 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 2490 SOUTH LEE HIGHWAY, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE 2752 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 3700 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 4000 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE 5260 PEACHTREE INDUSTRIAL BLVD., LLC (a Georgia limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 28 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 6008 N. DALE MABRY, FL, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 9103 E. INDEPENDENCE, NC, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC 2185 CHAPMAN RD., CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; BUENA PARK H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CALABASAS A, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC CALABASAS M,
INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CALABASAS V, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CAPITOL CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CAPITOL IMPORTS, INC. (a South Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150;
CARSON F, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CARSON LM, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CHATTANOOGA D EAST, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC COAST CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; DENVER T, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; DENVER
VOLKSWAGEN, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC DEVELOPMENT, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC DIVISIONAL OPERATIONS, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; DOWNEY CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; ENGLEWOOD M, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC ESTORE, INC. (a
North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; FORT MILL CHRYSLER JEEP, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; FORT MILL DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC FREMONT, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; HARBOR CITY H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150;
INTEGRITY DODGE LV, LLC (a Nevada limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 29 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LS, LLC (a Delaware limited liability company), on behalf of itself and as
general partner of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LS CHEVROLET, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LAKE NORMAN CHRYSLER JEEP, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LAS VEGAS C EAST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LAS VEGAS C WEST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LLOYD NISSAN, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LLOYD PONTIAC &#150; CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC
&#150; LONE TREE CADILLAC, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; MANHATTAN FAIRFAX, INC. (a Virginia corporation)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; MASSEY CHEVROLET, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; MASSEY PONTIAC BUICK GMC, INC. (a Colorado corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; NEWSOME CHEVROLET WORLD, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; NEWSOME OF FLORENCE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; NORTH CHARLESTON, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; NORTH CHARLESTON DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC OF TEXAS, INC. (a Texas corporation), on behalf of itself and as general partner of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">PHILPOTT MOTORS, LTD. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC ADVANTAGE PA, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE OF TEXAS, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 3401 N. MAIN, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 4701 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE &#150; 5221 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 30 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CADILLAC D, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CAMP FORD, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CARROLLTON V, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CLEAR LAKE N, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; CLEAR LAKE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; FORT WORTH T, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; FRANK PARRA AUTOPLEX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC HOUSTON JLR, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC HOUSTON LR, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; HOUSTON V, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; JERSEY VILLAGE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; LUTE RILEY, L. P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; MASSEY CADILLAC, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; MESQUITE HYUNDAI, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC MOMENTUM B, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC MOMENTUM JVP, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC MOMENTUM VWA, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; READING, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; RICHARDSON F, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; SAM WHITE NISSAN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; UNIVERSITY PARK A, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 1, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 2, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 3, L.P. (a Texas limited partnership) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 31 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 4, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 5, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 6, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 7, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:47%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS &#150; 8, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC OKEMOS IMPORTS, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; PLYMOUTH CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC RESOURCES,
INC. (a Nevada corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; RIVERSIDE AUTO FACTORY, INC. (an Oklahoma corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; SANFORD CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC SANTA MONICA M, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC SANTA MONICA S, INC.
(a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; SATURN OF SILICON VALLEY, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC SERRAMONTE I, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; SHOTTENKIRK, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; SOUTH
CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; STEVENS CREEK B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC TYSONS CORNER H, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC TYSONS CORNER INFINITI, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; VOLVO
LV, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC WALNUT CREEK M, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; WEST COVINA T, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SONIC &#150; WILLIAMS CADILLAC, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC WILSHIRE
CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE ALABAMA &#150; 2, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE ALABAMA &#150; 3, LLC (an Alabama limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 32 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE ALABAMA &#150; 4, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE ALABAMA &#150; 5, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 1, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 2, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 3, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 4, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 5, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 6, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SREALESTATE ARIZONA &#150; 7, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 1, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 2, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 3, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 4, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 5, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 6, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 7 SCB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 8 SCH, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE CALIFORNIA &#150; 9 BHB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE COLORADO &#150; 1, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE COLORADO &#150; 2, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE COLORADO &#150; 3, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE FLORIDA &#150; 1, LLC (a Florida limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 33 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE FLORIDA &#150; 2, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE FLORIDA &#150; 3, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SRE GEORGIA 4, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE HOLDING, LLC (a
North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE MARYLAND &#150; 1, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE MARYLAND &#150; 2, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE MICHIGAN &#150; 3, LLC (a Michigan limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NEVADA &#150; 1, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SRE NEVADA &#150; 2, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NEVADA &#150;
3, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NEVADA &#150; 4, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NEVADA &#150; 5, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SRE NORTH CAROLINA &#150; 1, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NORTH CAROLINA &#150; 2, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE NORTH CAROLINA &#150; 3, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE OKLAHOMA &#150; 1, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE OKLAHOMA &#150; 2, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE OKLAHOMA &#150; 3, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE OKLAHOMA &#150; 4, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE OKLAHOMA &#150; 5, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE SOUTH CAROLINA &#150; 2, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE SOUTH CAROLINA &#150; 3, LLC (a South Carolina limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 34 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE SOUTH CAROLINA &#150; 4, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:42%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 1, LLC (a Tennessee limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 35 -
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<TD WIDTH="91%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 2, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 3, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 4, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 5, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 6, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 7, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 8, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TENNESSEE &#150; 9, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE TEXAS 9, LLC (a Texas limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE VIRGINIA &#150; 1, LLC (a Virginia limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SRE VIRGINIA &#150; 2, LLC (a Virginia limited liability company)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">STEVENS CREEK CADILLAC, INC. (a California corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">TOWN AND COUNTRY FORD, INCORPORATED (a North Carolina corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">VILLAGE IMPORTED CARS, INC. (a Maryland corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">WINDWARD, INC. (a Hawaii corporation)</FONT></P>
<P STYLE="font-size:0px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Z MANAGEMENT, INC. (a Colorado corporation)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ David P. Cosper</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U></U>Name: &nbsp;&nbsp;David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title: &nbsp;&nbsp;&nbsp;&nbsp;Vice President</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc., as sole member of the following entities:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">ONTARIO L, LLC (a California limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">SAI COLUMBUS T, LLC (an Ohio limited liability company)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ David P. Cosper</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U></U>Name: &nbsp;&nbsp;David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title: &nbsp;&nbsp;&nbsp;&nbsp;Vice Chairman and Chief Financial Officer</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 36 -
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Confirmed and accepted as of the date first above written:</FONT></P>
<P STYLE="font-size:24px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8.42em; text-indent:-8.42em"><FONT STYLE="font-family:Times New Roman" SIZE="3">MERRILL LYNCH, PIERCE, FENNER&nbsp;&amp;
SMITH INCORPORATED</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Acting on behalf of itself</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em"><FONT
STYLE="font-family:Times New Roman" SIZE="3">and as the Representative of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">the several Initial
Purchasers</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">BY:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:8.42em; text-indent:-8.42em"><FONT STYLE="font-family:Times New Roman" SIZE="3">MERRILL&nbsp;LYNCH,&nbsp;PIERCE,&nbsp;FENNER&nbsp;&amp;&nbsp;SMITH INCORPORATED</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ Matt Holbrook</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: &nbsp;&nbsp;Matt Holbrook</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Title: &nbsp;&nbsp;&nbsp;&nbsp;Director</FONT></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 37 -
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>3
<FILENAME>d378936dex42.htm
<DESCRIPTION>INDENTURE
<TEXT>
<HTML><HEAD>
<TITLE>Indenture</TITLE>
</HEAD>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 4.2 </B></FONT></P> <P STYLE="margin-top:60px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE, INC. (a Delaware corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>as Issuer
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ADI OF THE SOUTHEAST LLC (a South Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ANTREV, LLC (a North Carolina limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>ARNGAR, INC. (a North Carolina corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AUTOBAHN, INC. (a California
corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AVALON FORD, INC. (a Delaware corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CASA FORD OF HOUSTON, INC. (a Texas corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>CORNERSTONE ACCEPTANCE CORPORATION (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA AUTO
FACTORY, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA BEVERLY HILLS, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA CAPITOL F, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FAA CAPITOL N, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA CONCORD H, INC. (a
California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA CONCORD N, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA CONCORD T, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FAA DUBLIN N, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA DUBLIN VWD, INC. (a
California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA HOLDING CORP. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA LAS VEGAS H, INC. (a Nevada corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FAA MARIN F, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA MARIN LR, INC. (a
California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA POWAY G, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA POWAY H, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FAA POWAY T, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA SAN BRUNO, INC. (a
California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA SANTA MONICA V, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA SERRAMONTE H, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FAA SERRAMONTE L, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA SERRAMONTE, INC.
(a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA STEVENS CREEK, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FAA TORRANCE CPJ, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FIRSTAMERICA AUTOMOTIVE, INC. (a Delaware corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FORT MILL FORD,
INC. (a South Carolina corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FORT MYERS COLLISION CENTER, LLC (a Florida limited liability company)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FRANCISCAN MOTORS, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FRANK PARRA AUTOPLEX, INC. (a Texas corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FRONTIER OLDSMOBILE &#150; CADILLAC, INC. (a North Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>HMC FINANCE ALABAMA, INC. (an Alabama corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>KRAMER MOTORS INCORPORATED (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>L DEALERSHIP
GROUP, INC. (a Texas corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MARCUS DAVID CORPORATION (a North Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MASSEY CADILLAC, INC. (a Tennessee corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>MASSEY CADILLAC, INC. (a Texas corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MOUNTAIN STATES MOTORS CO.,
INC. (a Colorado corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ONTARIO L, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PHILPOTT MOTORS, LTD. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>ROYAL MOTOR COMPANY, INC. (an Alabama corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI AL HC1, INC. (an
Alabama corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI AL HC2, INC. (an Alabama corporation) </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI ANN ARBOR IMPORTS, LLC (a Michigan limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI ATLANTA B, LLC (a Georgia limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI BEVERLY HILLS INFINITI, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI BROKEN
ARROW C, LLC (an Oklahoma limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI CHARLOTTE M, LLC (a North Carolina limited liability company)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI CLEARWATER T, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI COLUMBUS MOTORS, LLC (an Ohio limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI COLUMBUS T, LLC (an Ohio limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI COLUMBUS
VWK, LLC (an Ohio limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC1, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC2, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC3, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC4, INC. (a Florida
corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC5, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC6, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FL HC7, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FORT MYERS B, LLC (a
Florida limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FORT MYERS H, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FORT MYERS M, LLC (a Florida limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI FORT MYERS VW, LLC (a Florida limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI GA HC1,
LP (a Georgia limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI GEORGIA, LLC (a Georgia limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI IRONDALE IMPORTS, LLC (an Alabama limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI IRONDALE L, LLC (an Alabama limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI LANSING CH, LLC (a Michigan limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI LONG
BEACH B, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI MD HC1, INC. (a Maryland corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI MONROVIA B, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI MONTGOMERY B, LLC (an Alabama limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI
MONTGOMERY BCH, LLC (an Alabama limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI MONTGOMERY CH, LLC (an Alabama limited liability company)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI NASHVILLE CSH, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI NASHVILLE H, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI NASHVILLE M, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI
NASHVILLE MOTORS, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI NC HC2, INC. (a North Carolina corporation)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI OH HC1, INC. (an Ohio corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI OK HC1, INC. (an Oklahoma corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI OKLAHOMA CITY C, LLC (an
Oklahoma limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI OKLAHOMA CITY H, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI OKLAHOMA CITY T, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI ORLANDO CS, LLC (a Florida limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI PEACHTREE, LLC (a Georgia limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI PLYMOUTH C,
LLC (a Michigan limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI RIVERSIDE C, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI ROCKVILLE IMPORTS, LLC (a Maryland limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI ROCKVILLE L, LLC (a Maryland limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI SANTA CLARA K, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI STONE MOUNTAIN T,
LLC (a Georgia limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI TN HC1, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI TN HC2, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAI TN HC3, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI TULSA N, LLC
(an Oklahoma limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI TULSA T, LLC (an Oklahoma limited liability company) </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SAI VA HC1, INC. (a Virginia corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SANTA CLARA IMPORTED CARS, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; BUENA PARK H, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150;
CADILLAC D, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CALABASAS A, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CALABASAS V, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CAMP FORD, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150;
CAPITOL CADILLAC, INC. (a Michigan corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CAPITOL IMPORTS, INC. (a South Carolina corporation)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CARROLLTON V, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CARSON F, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CARSON LM, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150;
CHATTANOOGA D EAST, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CLEAR LAKE N, L.P. (a Texas limited
partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; CLEAR LAKE VOLKSWAGEN, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; DENVER T, INC. (a Colorado corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; DENVER VOLKSWAGEN, INC. (a Colorado corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC
&#150; DOWNEY CADILLAC, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; ENGLEWOOD M, INC. (a Colorado corporation)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; FORT MILL CHRYSLER JEEP, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; FORT MILL DODGE, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; FORT WORTH T, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; FRANK PARRA AUTOPLEX, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; HARBOR CITY H, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; HOUSTON V, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150;
INTEGRITY DODGE LV, LLC (a Nevada limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; JERSEY VILLAGE VOLKSWAGEN, L.P. (a Texas
limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LAKE NORMAN CHRYSLER JEEP, LLC (a North Carolina limited liability company)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LAS VEGAS C EAST, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LAS VEGAS C WEST, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LLOYD NISSAN, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LLOYD PONTIAC &#150; CADILLAC, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LONE TREE CADILLAC, INC. (a Colorado corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LS CHEVROLET, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LS, LLC (a Delaware limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; LUTE RILEY, L. P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC
&#150; MANHATTAN FAIRFAX, INC. (a Virginia corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; MASSEY CADILLAC, L.P. (a Texas limited partnership)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; MASSEY CHEVROLET, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; MASSEY PONTIAC BUICK GMC, INC. (a Colorado corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; MESQUITE HYUNDAI, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; NEWSOME CHEVROLET WORLD, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; NEWSOME OF FLORENCE, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; NORTH CHARLESTON DODGE, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; NORTH CHARLESTON, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; PLYMOUTH CADILLAC, INC. (a Michigan corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; READING, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; RICHARDSON F, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC
&#150; RIVERSIDE AUTO FACTORY, INC. (an Oklahoma corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; SAM WHITE NISSAN, L.P. (a Texas limited
partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; SANFORD CADILLAC, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; SATURN OF SILICON VALLEY, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; SHOTTENKIRK, INC. (a Florida corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; SOUTH CADILLAC, INC. (a Florida corporation) </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; STEVENS CREEK B, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; STONE MOUNTAIN T, L.P. (a Georgia limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; UNIVERSITY PARK A, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; VOLVO LV, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; WEST COVINA T, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC &#150; WILLIAMS CADILLAC, INC. (an Alabama corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC 2185
CHAPMAN RD., CHATTANOOGA, LLC (a Tennessee limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC ADVANTAGE PA, LP (a Texas limited
partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AGENCY, INC. (a Michigan corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 1495 AUTOMALL DRIVE, COLUMBUS, INC. (an Ohio corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 2490 SOUTH LEE HIGHWAY, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 3401 N. MAIN, TX, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 3700 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 4000 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 4701 I-10 EAST, TX, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 5221 I-10 EAST, TX, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE 5260 PEACHTREE INDUSTRIAL BLVD., LLC (a Georgia limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 6008 N. DALE MABRY, FL, INC. (a Florida corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE &#150; 9103 E. INDEPENDENCE, NC, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE 2424 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE 2752 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE F&amp;I, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE OF CHATTANOOGA, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE OF NASHVILLE, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE OF NEVADA, INC. (a Nevada corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE OF TEXAS, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC
AUTOMOTIVE SUPPORT, LLC (a Nevada limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE WEST, LLC (a Nevada limited liability
company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC CALABASAS M, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC COAST CADILLAC, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC DEVELOPMENT, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC DIVISIONAL OPERATIONS, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC ESTORE, INC. (a North Carolina corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC FREMONT, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC HOUSTON JLR, LP (a
Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC HOUSTON LR, LP (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC MOMENTUM B, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC MOMENTUM JVP, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC MOMENTUM
VWA, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC OF TEXAS, INC. (a Texas corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC OKEMOS IMPORTS, INC. (a Michigan corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC PEACHTREE INDUSTRIAL BLVD., L.P. (a Georgia limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC RESOURCES, INC. (a Nevada corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC SANTA MONICA M, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC SANTA MONICA
S, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC SERRAMONTE I, INC. (a California corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC TYSONS CORNER H, INC. (a Virginia corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC TYSONS CORNER INFINITI, INC. (a Virginia corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC WALNUT
CREEK M, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC WILSHIRE CADILLAC, INC. (a California corporation) </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE ALABAMA &#150; 2, LLC (an Alabama limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE ALABAMA &#150; 3, LLC (an Alabama limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE ALABAMA &#150; 4, LLC (an Alabama limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE ALABAMA &#150; 5, LLC (an Alabama limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 1, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 2, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 3, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 4, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 5, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 6, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 7 SCB, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 8 SCH, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE CALIFORNIA &#150; 9 BHB, LLC (a California limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE COLORADO &#150; 1, LLC (a Colorado limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE COLORADO &#150; 2, LLC (a Colorado limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE COLORADO &#150; 3, LLC (a Colorado limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE FLORIDA &#150; 1, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE FLORIDA &#150; 2, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE FLORIDA &#150; 3, LLC (a Florida limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE GEORGIA &#150; 1, L.P. (a Georgia limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SRE GEORGIA &#150; 2, L.P. (a Georgia limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE GEORGIA
&#150; 3, L.P. (a Georgia limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE GEORGIA 4, LLC (a Georgia limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE HOLDING, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE MARYLAND &#150; 1, LLC (a Maryland limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE MARYLAND &#150; 2, LLC (a Maryland limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE MICHIGAN &#150; 3, LLC (a Michigan limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NEVADA &#150; 1, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NEVADA &#150; 2, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NEVADA &#150; 3, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NEVADA &#150; 4, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NEVADA &#150; 5, LLC (a Nevada limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NORTH CAROLINA &#150; 1, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NORTH CAROLINA &#150; 2, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE NORTH CAROLINA &#150; 3, LLC (a North Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE OKLAHOMA &#150; 1, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE OKLAHOMA &#150; 2, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE OKLAHOMA &#150; 3, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE OKLAHOMA &#150; 4, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE OKLAHOMA &#150; 5, LLC (an Oklahoma limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE SOUTH CAROLINA &#150; 2, LLC (a South Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE SOUTH CAROLINA &#150; 3, LLC (a South Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE SOUTH CAROLINA &#150; 4, LLC (a South Carolina limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 1, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 2, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 3, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 4, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 5, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 6, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 7, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 8, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TENNESSEE &#150; 9, LLC (a Tennessee limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 1, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 2, L.P. (a Texas limited partnership) </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 3, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 4, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 5, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150;
6, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 7, L.P. (a Texas limited partnership) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS &#150; 8, L.P. (a Texas limited partnership) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SRE TEXAS 9, LLC (a Texas limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE VIRGINIA &#150;
1, LLC (a Virginia limited liability company) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SRE VIRGINIA &#150; 2, LLC (a Virginia limited liability company)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 1, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 2, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 3, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 4, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 5, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 6, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SREALESTATE ARIZONA &#150; 7, LLC (an Arizona limited liability company) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>STEVENS CREEK CADILLAC, INC. (a California corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>TOWN AND COUNTRY FORD, INCORPORATED (a North Carolina corporation) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>VILLAGE IMPORTED CARS, INC. (a Maryland corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WINDWARD, INC. (a Hawaii corporation) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Z MANAGEMENT, INC. (a Colorado
corporation) </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>as Guarantors, </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>and </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>U.S. Bank National Association, as Trustee </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:7%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>INDENTURE </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Dated as of July&nbsp;2, 2012 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:7%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>7.0% Senior
Subordinated Notes due 2022 </B></FONT></P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Reconciliation and tie between Trust Indenture Act of 1939, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">as amended, and Indenture, dated as of July&nbsp;2, 2012 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="18%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;Trust Indenture</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:80pt"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Act Section</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Indenture</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section</FONT></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;310</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(1)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;609</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(2)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;609</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;608, 610</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;311</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;613</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;312</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;701</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;702</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;702</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;313</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;703</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)(2)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;703</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;703, 704</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;314</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;704</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(4)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;1018</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)(1)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;103</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)(2)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;103</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;103</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;601(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;602</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;601(a)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;601(c), 603</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;514</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;316</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(last sentence)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;101&nbsp;(&#147;Outstanding&#148;)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(1)(A)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;512</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(1)(B)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;513</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;508</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;105(e)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;317</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(1)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;503(b)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)(2)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;504</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;1003</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#167;&nbsp;&nbsp;318</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;108</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:26%">&nbsp;</P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">Note:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Indenture. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>TABLE&nbsp;OF&nbsp;CONTENTS </U></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">PAGE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">PARTIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">RECITALS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;101. Definitions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Acquired Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Additional Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Affiliate&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Applicable Premium&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Applicable Procedures&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Asset Sale&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Average Life to Stated Maturity&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Bankruptcy Law&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Board of Directors&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Board Resolution&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Book-Entry Security&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Business Day&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Capital Lease Obligation&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Capital Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Cash Equivalents&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Change of Control&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Clearstream&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Class A Common Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Commission&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Commodity Price Protection Agreement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Company&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Company Request&#148; or &#147;Company Order&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Fixed Charge Coverage Ratio&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Income Tax Expense&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Interest Expense&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Net Income (Loss)&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Non-cash Charges&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidated Tangible Assets&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Consolidation&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Continuing Directors&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Corporate Trust Office&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Credit Facility&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Currency Hedging Agreements&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Default&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Depositary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Designated Noncash Consideration&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- i -
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Designated Senior Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Disinterested Director&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Euroclear&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Escrow Agent&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Event of Default&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Exchange Act&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Exchange Offer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Exchange Offer Registration Statement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Fair Market Value&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;5.0% Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Generally Accepted Accounting Principles&#148; or &#147;GAAP&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Global Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Guarantee&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Guaranteed Debt&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Guarantor&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Holder&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Indenture&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Indenture Obligations&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Initial Purchasers&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Initial Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Interest Payment Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Interest Rate Agreements&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Inventory Facility&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Investment&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Issue Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Issue Price&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Lien&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Manufacturer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Maturity&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Moody&#146;s&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Mortgage Loans&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Net Cash Proceeds&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;9.0% Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Non-U.S. Person&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Officers&#146; Certificate&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Opinion of Counsel&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Opinion of Independent Counsel&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Outstanding&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Pari Passu Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Paying Agent&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Holders&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Investment&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Junior Payment&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Guarantor Junior Payment&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Person&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Predecessor Security&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- ii -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Preferred Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Prospectus&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Purchase Money Obligation&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Qualified Capital Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Redeemable Capital Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Redemption Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Redemption Price&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Registration Rights Agreement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Registration Statement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Regular Record Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Regulation S&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Regulation S Global Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Responsible Officer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Replacement Assets&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Restricted Subsidiary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Rule 144A&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Rule 144A Global Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;S&amp;P&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Securities Act&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Senior Guarantor Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Senior Guarantor Representative&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Senior Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Senior Representative&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Series B Global Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Shelf Registration Statement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Significant Restricted Subsidiary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Special Record Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Stated Maturity&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Subordinated Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Subsidiary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Successor Security&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Temporary Cash Investments&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Treasury Rate&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Trustee&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Trust Indenture Act&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;2011 Credit Facility&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;2011 Floor Plan Facility&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;2011 Revolving Credit Facility&#148;</FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">30</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Unrestricted Subsidiary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">31</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Unrestricted Subsidiary Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">31</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Voting Stock&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">31</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Wholly-Owned Restricted Subsidiary&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">31</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;102.&nbsp;&nbsp;&nbsp;&nbsp; <U>Other Definitions</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">32</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;103.&nbsp;&nbsp;&nbsp;&nbsp; <U>Compliance Certificates and Opinions</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">33</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;104.&nbsp;&nbsp;&nbsp;&nbsp; <U>Form of Documents Delivered to Trustee</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">33</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;105.&nbsp;&nbsp;&nbsp;&nbsp; <U>Acts of Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">34</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;106.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notices, etc., to the Trustee, the Company and any Guarantor</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">36</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section&nbsp;107.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice to Holders; Waiver</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">36</FONT></TD>
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 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- iii -
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 108. &nbsp;&nbsp;&nbsp;&nbsp;<U>Conflict with Trust Indenture Act</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 109. &nbsp;&nbsp;&nbsp;&nbsp;<U>Effect of Headings and Table of Contents</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 110. &nbsp;&nbsp;&nbsp;&nbsp;<U>Successors and Assigns</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">37</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 111. &nbsp;&nbsp;&nbsp;&nbsp;<U>Separability Clause</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 112. &nbsp;&nbsp;&nbsp;&nbsp;<U>Benefits of Indenture</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">37</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>SECTION 113. <U>GOVERNING LAW</U></B></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 114. &nbsp;&nbsp;&nbsp;&nbsp;<U>Legal Holidays</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 115. &nbsp;&nbsp;&nbsp;&nbsp;<U>Independence of Covenants</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 116. &nbsp;&nbsp;&nbsp;&nbsp;<U>Schedules and Exhibits</U></FONT></P></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 117. &nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:8.00em; text-indent:-6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 118. &nbsp;&nbsp;&nbsp;&nbsp;<U>No Personal Liability of Directors, Officers, Employees, Members, Partners and
</U><U>&nbsp;Stockholders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE TWO SECURITY FORMS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>39</B></FONT></TD>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 201. &nbsp;&nbsp;&nbsp;&nbsp;<U>Forms Generally</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 202. &nbsp;&nbsp;&nbsp;&nbsp;<U>Form of Face of Security</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 203. &nbsp;&nbsp;&nbsp;&nbsp;<U>Form of Reverse of Securities</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">54</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 204. &nbsp;&nbsp;&nbsp;&nbsp;<U>Form of Guarantee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE THREE THE SECURITIES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>70</B></FONT></TD>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 301. &nbsp;&nbsp;&nbsp;&nbsp;<U>Title and Terms</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 302. &nbsp;&nbsp;&nbsp;&nbsp;<U>Denominations</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">71</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 303. &nbsp;&nbsp;&nbsp;&nbsp;<U>Execution, Authentication, Delivery and Dating</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">71</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 304. &nbsp;&nbsp;&nbsp;&nbsp;<U>Temporary Securities</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 305. &nbsp;&nbsp;&nbsp;&nbsp;<U>Registration, Registration of Transfer and Exchange</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 306. &nbsp;&nbsp;&nbsp;&nbsp;<U>Book Entry Provisions for Global Securities</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 307. &nbsp;&nbsp;&nbsp;&nbsp;<U>Special Transfer and Exchange Provisions</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">77</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 308. &nbsp;&nbsp;&nbsp;&nbsp;<U>Mutilated, Destroyed, Lost and Stolen Securities</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 309. &nbsp;&nbsp;&nbsp;&nbsp;<U>Payment of Interest; Interest Rights Preserved</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 310. &nbsp;&nbsp;&nbsp;&nbsp;<U>CUSIP Numbers</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">82</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 311. &nbsp;&nbsp;&nbsp;&nbsp;<U>Persons Deemed Owners</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">82</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 312. &nbsp;&nbsp;&nbsp;&nbsp;<U>Cancellation</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">82</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 313. &nbsp;&nbsp;&nbsp;&nbsp;<U>Computation of Interest</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE FOUR DEFEASANCE AND COVENANT DEFEASANCE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>83</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 401. &nbsp;&nbsp;&nbsp;&nbsp;<U>Company&#146;s Option to Effect Defeasance or Covenant Defeasance</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 402. &nbsp;&nbsp;&nbsp;&nbsp;<U>Defeasance and Discharge</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 403. &nbsp;&nbsp;&nbsp;&nbsp;<U>Covenant Defeasance</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 404. &nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions to Defeasance or Covenant Defeasance</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:8.00em; text-indent:-6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 405. &nbsp;&nbsp;&nbsp;&nbsp;<U>Deposited Money and U.S. Government Obligations to Be Held in Trust; Other
</U><U>&nbsp;Miscellaneous Provisions</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">87</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 406. &nbsp;&nbsp;&nbsp;&nbsp;<U>Reinstatement</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">87</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE FIVE REMEDIES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 501. &nbsp;&nbsp;&nbsp;&nbsp;<U>Events of Default</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- iv -
</FONT></P>


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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 502. &nbsp;&nbsp;&nbsp;&nbsp;<U>Acceleration of Maturity; Rescission and Annulment</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">90</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 503. &nbsp;&nbsp;&nbsp;&nbsp;<U>Collection of Indebtedness and Suits for Enforcement by Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 504. &nbsp;&nbsp;&nbsp;&nbsp;<U>Trustee May File Proofs of Claim</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 505. &nbsp;&nbsp;&nbsp;&nbsp;<U>Trustee May Enforce Claims without Possession of Securities</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 506. &nbsp;&nbsp;&nbsp;&nbsp;<U>Application of Money Collected</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 507. &nbsp;&nbsp;&nbsp;&nbsp;<U>Limitation on Suits</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 508. &nbsp;&nbsp;&nbsp;&nbsp;<U>Unconditional Right of Holders to Receive Principal, Premium and
Interest</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 509. &nbsp;&nbsp;&nbsp;&nbsp;<U>Restoration of Rights and Remedies</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">94</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 510. &nbsp;&nbsp;&nbsp;&nbsp;<U>Rights and Remedies Cumulative</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 511.&nbsp;&nbsp;&nbsp;&nbsp; <U>Delay or Omission Not Waiver</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 512.&nbsp;&nbsp;&nbsp;&nbsp; <U>Control by Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 513.&nbsp;&nbsp;&nbsp;&nbsp; <U>Waiver of Past Defaults</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">95</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 514.&nbsp;&nbsp;&nbsp;&nbsp; <U>Undertaking for Costs</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">96</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 515.&nbsp;&nbsp;&nbsp;&nbsp; <U>Waiver of Stay, Extension or Usury Laws</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">96</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 516.&nbsp;&nbsp;&nbsp;&nbsp; <U>Remedies Subject to Applicable Law</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE SIX THE TRUSTEE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>97</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 601.&nbsp;&nbsp;&nbsp;&nbsp; <U>Duties of Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 602.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice of Defaults</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 603.&nbsp;&nbsp;&nbsp;&nbsp; <U>Certain Rights of Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:8.00em; text-indent:-6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 604.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee Not Responsible for Recitals, Dispositions of Securities or Application of
&nbsp;</U><U>Proceeds Thereof</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 605.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee and Agents May Hold Securities; Collections; etc.</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 606.&nbsp;&nbsp;&nbsp;&nbsp; <U>Money Held in Trust</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">101</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 607.&nbsp;&nbsp;&nbsp;&nbsp; <U>Compensation and Indemnification of Trustee and Its Prior Claim</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">101</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 608.&nbsp;&nbsp;&nbsp;&nbsp; <U>Conflicting Interests</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 609.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee Eligibility</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 610.&nbsp;&nbsp;&nbsp;&nbsp; <U>Resignation and Removal; Appointment of Successor Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 611.&nbsp;&nbsp;&nbsp;&nbsp; <U>Acceptance of Appointment by Successor</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">104</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 612.&nbsp;&nbsp;&nbsp;&nbsp; <U>Merger, Conversion, Consolidation or Succession to Business</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">105</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 613.&nbsp;&nbsp;&nbsp;&nbsp; <U>Preferential Collection of Claims Against Company</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">105</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE SEVEN HOLDERS&#146; LISTS AND REPORTS BY TRUSTEE AND COMPANY</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>106</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 701.&nbsp;&nbsp;&nbsp;&nbsp; <U>Company to Furnish Trustee Names and Addresses of Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">106</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 702.&nbsp;&nbsp;&nbsp;&nbsp; <U>Disclosure of Names and Addresses of Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">106</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 703.&nbsp;&nbsp;&nbsp;&nbsp; <U>Reports by Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">106</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 704.&nbsp;&nbsp;&nbsp;&nbsp; <U>Reports by Company and Guarantors</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">108</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE EIGHT CONSOLIDATION, MERGER, SALE OF ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>109</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 801.&nbsp;&nbsp;&nbsp;&nbsp; <U>Company and Guarantors May Consolidate, etc., Only on Certain Terms</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 802.&nbsp;&nbsp;&nbsp;&nbsp; <U>Successor Substituted</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">111</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- v -
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<p Style='page-break-before:always'>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
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<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE NINE SUPPLEMENTAL INDENTURES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>112</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 901.&nbsp;&nbsp;&nbsp;&nbsp; <U>Supplemental Indentures and Agreements without Consent of Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">112</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 902.&nbsp;&nbsp;&nbsp;&nbsp; <U>Supplemental Indentures and Agreements with Consent of Holders</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">113</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 903.&nbsp;&nbsp;&nbsp;&nbsp; <U>Execution of Supplemental Indentures and Agreements</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">115</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 904.&nbsp;&nbsp;&nbsp;&nbsp; <U>Effect of Supplemental Indentures</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">115</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 905.&nbsp;&nbsp;&nbsp;&nbsp; <U>Conformity with Trust Indenture Act.</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">115</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 906.&nbsp;&nbsp;&nbsp;&nbsp; <U>Reference in Securities to Supplemental Indentures</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">115</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 907.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice of Supplemental Indentures</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">115</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE TEN COVENANTS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>116</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1001.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment of Principal, Premium and Interest</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1002.&nbsp;&nbsp;&nbsp;&nbsp; <U>Maintenance of Office or Agency</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1003.&nbsp;&nbsp;&nbsp;&nbsp; <U>Money for Security Payments to Be Held in Trust</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1004.&nbsp;&nbsp;&nbsp;&nbsp; <U>Corporate Existence</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1005.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment of Taxes and Other Claims</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1006.&nbsp;&nbsp;&nbsp;&nbsp; <U>Maintenance of Properties</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1007.&nbsp;&nbsp;&nbsp;&nbsp; <U>Maintenance of Insurance</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1008.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1009.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Restricted Payments</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">123</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1010.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Transactions with Affiliates</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">129</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1011.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Liens</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">130</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1012.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Sale of Assets</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">131</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1013.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Issuances of Guarantees of and Pledges for
Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">136</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1014.&nbsp;&nbsp;&nbsp;&nbsp; <U>Purchase of Securities upon a Change of Control</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">137</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1015.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Subsidiary Preferred Stock</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1016.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Dividends and Other Payment Restrictions Affecting
Subsidiaries</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">142</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1017.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitation on Senior Subordinated Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">143</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1018.&nbsp;&nbsp;&nbsp;&nbsp; <U>Limitations on Unrestricted Subsidiaries</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">143</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1019.&nbsp;&nbsp;&nbsp;&nbsp; <U>Provision of Financial Statements</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">145</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1020.&nbsp;&nbsp;&nbsp;&nbsp; <U>Statement by Officers as to Default</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">146</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1021.&nbsp;&nbsp;&nbsp;&nbsp; <U>Waiver of Certain Covenants</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">146</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE ELEVEN REDEMPTION OF SECURITIES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>148</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1101.&nbsp;&nbsp;&nbsp;&nbsp; <U>Rights of Redemption</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1102.&nbsp;&nbsp;&nbsp;&nbsp; <U>Applicability of Article</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1103.&nbsp;&nbsp;&nbsp;&nbsp; <U>Election to Redeem; Notice to Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1104.&nbsp;&nbsp;&nbsp;&nbsp; <U>Selection by Trustee of Securities to Be Redeemed</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1105.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice of Redemption</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">149</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1106.&nbsp;&nbsp;&nbsp;&nbsp; <U>Deposit of Redemption Price</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">150</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1107.&nbsp;&nbsp;&nbsp;&nbsp; <U>Securities Payable on Redemption Date</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">150</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1108.&nbsp;&nbsp;&nbsp;&nbsp; <U>Securities Redeemed or Purchased in Part</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">151</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE TWELVE SATISFACTION AND DISCHARGE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>151</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1201.&nbsp;&nbsp;&nbsp;&nbsp; <U>Satisfaction and Discharge of Indenture</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">151</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1202.&nbsp;&nbsp;&nbsp;&nbsp; <U>Application of Trust Money</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">152</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- vi -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE THIRTEEN GUARANTEES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>153</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1301.&nbsp;&nbsp;&nbsp;&nbsp; <U>Guarantors&#146; Guarantee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">153</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1302.&nbsp;&nbsp;&nbsp;&nbsp; <U>Continuing Guarantee; No Right of Set-Off; Independent Obligation</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">153</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1303.&nbsp;&nbsp;&nbsp;&nbsp; <U>Guarantee Absolute</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">154</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1304.&nbsp;&nbsp;&nbsp;&nbsp; <U>Right to Demand Full Performance</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">157</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1305.&nbsp;&nbsp;&nbsp;&nbsp; <U>Waivers</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">158</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:9.00em; text-indent:-7.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1306.&nbsp;&nbsp;&nbsp;&nbsp; <U>The Guarantors Remain Obligated in Event the Company
Is No Longer Obligated</U></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:9.00em; text-indent:-7.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>to </U><U>Discharge Indenture Obligations</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">159</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1307.&nbsp;&nbsp;&nbsp;&nbsp; <U>Fraudulent Conveyance; Contribution; Subrogation</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">159</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1308.&nbsp;&nbsp;&nbsp;&nbsp; <U>Guarantee Is in Addition to Other Security</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">160</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1309.&nbsp;&nbsp;&nbsp;&nbsp; <U>Release of Security Interests</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">160</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1310.&nbsp;&nbsp;&nbsp;&nbsp; <U>No Bar to Further Actions</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">160</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8.00em; text-indent:-6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1311.&nbsp;&nbsp;&nbsp;&nbsp;<U> Failure to Exercise Rights Shall Not Operate as a
Waiver; No Suspension of</U></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:8.00em; text-indent:-6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">160</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1312.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee&#146;s Duties; Notice to Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">161</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1313.&nbsp;&nbsp;&nbsp;&nbsp; <U>Successors and Assigns</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">161</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1314.&nbsp;&nbsp;&nbsp;&nbsp; <U>Release of Guarantee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">161</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1315.&nbsp;&nbsp;&nbsp;&nbsp; <U>Execution of Guarantee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">162</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1316.&nbsp;&nbsp;&nbsp;&nbsp; <U>Guarantee Subordinate to Senior Guarantor Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">163</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1317.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment Over of Proceeds Upon Dissolution of the Guarantor, etc.</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">163</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-7.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1318.&nbsp;&nbsp;&nbsp;&nbsp; <U>Suspension of Payment When Designated Senior Guarantor Indebtedness in
</U><U>Default</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">164</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1319.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment Permitted by Each of the Guarantors if No Default</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1320.&nbsp;&nbsp;&nbsp;&nbsp; <U>Subrogation to Rights of Holders of Senior Guarantor Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1321.&nbsp;&nbsp;&nbsp;&nbsp; <U>Provisions Solely to Define Relative Rights</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1322.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee to Effectuate Subordination</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1323.&nbsp;&nbsp;&nbsp;&nbsp; <U>No Waiver of Subordination Provisions</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1324.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice to Trustee by Each of the Guarantors</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">167</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1325.&nbsp;&nbsp;&nbsp;&nbsp; <U>Reliance on Judicial Orders or Certificates</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-7.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1326.&nbsp;&nbsp;&nbsp;&nbsp; <U>Rights of Trustee as a Holder of Senior Guarantor Indebtedness; Preservation of
</U><U>Trustee&#146;s Rights</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1327.&nbsp;&nbsp;&nbsp;&nbsp; <U>Article Applicable to Paying Agents</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1328.&nbsp;&nbsp;&nbsp;&nbsp; <U>No Suspension of Remedies</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">169</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1329.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee&#146;s Relation to Senior Guarantor Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">169</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>ARTICLE FOURTEEN SUBORDINATION OF SECURITIES</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>169</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1401.&nbsp;&nbsp;&nbsp;&nbsp; <U>Securities Subordinate to Senior Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">169</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1402.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment Over of Proceeds Upon Dissolution, etc</U>.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">170</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1403.&nbsp;&nbsp;&nbsp;&nbsp; <U>Suspension of Payment When Designated Senior Indebtedness in Default</U></FONT></P></TD>

<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">171</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1404.&nbsp;&nbsp;&nbsp;&nbsp; <U>Payment Permitted if No Default</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">172</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1405.&nbsp;&nbsp;&nbsp;&nbsp; <U>Subrogation to Rights of Holders of Senior Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1406.&nbsp;&nbsp;&nbsp;&nbsp; <U>Provisions Solely to Define Relative Rights</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1407.&nbsp;&nbsp;&nbsp;&nbsp; <U>Trustee to Effectuate Subordination</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1408.&nbsp;&nbsp;&nbsp;&nbsp; <U>No Waiver of Subordination Provisions</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">174</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1409.&nbsp;&nbsp;&nbsp;&nbsp; <U>Notice to Trustee</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">175</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1410.&nbsp;&nbsp;&nbsp;&nbsp; <U>Reliance on Judicial Orders or Certificates</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- vii -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:9.00em; text-indent:-7.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1411.&nbsp;&nbsp;&nbsp;&nbsp; <U>Rights of Trustee as a Holder of Senior Indebtedness; Preservation of Trustee&#146;s
</U><U>Rights</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1412.&nbsp;&nbsp;&nbsp;&nbsp; <U>Article Applicable to Paying Agents</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1413.&nbsp;&nbsp;&nbsp;&nbsp; <U>No Suspension of Remedies</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">Section 1414.&nbsp;&nbsp;&nbsp;&nbsp;<U> Trustee&#146;s Relation to Senior Indebtedness</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">177</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">TESTIMONIUM </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">SIGNATURES AND SEALS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">ACKNOWLEDGMENTS
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="82%"></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT&nbsp;A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Regulation S Certificate</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT&nbsp;B</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Restricted Security Certificate</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT&nbsp;C</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Unrestricted Security Certificate</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">APPENDIX&nbsp;I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Form of Transferee Certificate for Series A Securities</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="3">APPENDIX&nbsp;II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Form of Transferee Certificate for Series B Securities</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- viii -
</FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">INDENTURE, dated as of July&nbsp;2, 2012, between Sonic Automotive, Inc., a Delaware
corporation (the &#147;Company&#148;), the guarantors set forth on the signature pages hereto (each a &#147;Guarantor&#148; and collectively, the &#147;Guarantors&#148;) and U.S. Bank National Association, as Trustee (the &#147;Trustee&#148;).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">RECITALS OF THE COMPANY AND THE GUARANTORS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Company has duly authorized the creation of an issue of (i)&nbsp;7.0% Senior Subordinated Notes due 2022, Series A (the &#147;Series A Securities&#148;) and (ii)&nbsp;7.0% Senior Subordinated Notes
due 2022, Series B (the &#147;Series B Securities&#148; and, together with the Series A Securities, the &#147;Securities&#148;) of substantially the tenor and amount hereinafter set forth (subject to the ability of the Company to issue additional
Securities hereunder as described herein), and to provide therefor the Company has duly authorized the execution and delivery of this Indenture and the Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Each Guarantor has duly authorized the issuance of a Guarantee of the Securities, of substantially the tenor hereinafter set forth, and to provide therefor, each Guarantor has duly authorized the
execution and delivery of this Indenture and its Guarantee; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the issuance of the Series B Securities, this Indenture is
subject to, and shall be governed by, the provisions of the Trust Indenture Act that are required to be part of and to govern indentures qualified under the Trust Indenture Act; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All acts and things necessary have been done to make (i)&nbsp;the Securities, when duly issued and executed by the Company and
authenticated and delivered hereunder, the valid obligations of the Company, (ii)&nbsp;the Guarantees, when executed by each of the Guarantors and delivered hereunder, the valid obligation of each of the Guarantors and (iii)&nbsp;this Indenture a
valid agreement of the Company and each of the Guarantors in accordance with the terms of this Indenture; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">NOW, THEREFORE, THIS
INDENTURE WITNESSETH: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it
is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE ONE </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;101. <U>Definitions</U>. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with GAAP; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) the words &#147;herein,&#148; &#147;hereof&#148; and &#147;hereunder&#148; and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) all
references to $, US$, dollars or United States dollars shall refer to the lawful currency of the United States of America; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) all references herein to particular Sections or Articles refer to this Indenture unless otherwise so indicated; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) unsecured Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely by virtue of its nature as
unsecured Indebtedness and Senior Indebtedness shall not be deemed to be subordinate or junior to any other Senior Indebtedness merely because it has a junior priority with respect to the same collateral, including, without limitation, for purposes
of Section&nbsp;1017 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Certain terms used principally in Article Four are defined in Article Four. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Acquired Indebtedness&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)&nbsp;Indebtedness of a Person existing at the time such Person
becomes a Restricted Subsidiary; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) 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 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii)&nbsp;Indebtedness of a Person assumed in
connection with the acquisition of assets from such Person, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">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. 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. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Additional
Securities&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means further Securities (other than the Initial Securities issued on the date of this Indenture) issued under this Indenture in accordance with the terms of this Indenture,
including Sections 303 and 1108 hereof, as part of the same series as the Initial Securities, ranking equally with the Initial Securities in all respects, subject to compliance with Section&nbsp;1008 herein. The terms of the Initial Securities and
any Additional Securities may have different issuance dates and dates from which interest accrues and be subject to different registration rights and shall be part of the same series. The Initial Securities and any Additional Securities subsequently
issued under this Indenture will be consolidated and form a single series for all purposes under this Indenture, including, without limitation, voting, status, redemptions, waivers and amendments. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Affiliate&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means, with respect to any specified Person: (i)&nbsp;any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person;
(ii)&nbsp;any other Person that owns, directly or indirectly, 10% 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 (iii)&nbsp;any other Person 10% or more of the Voting Stock of which is beneficially owned or held directly or indirectly by such specified Person.
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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Applicable Premium&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, with respect to any Redemption
Date, the greater of (i)&nbsp;1.0% of the principal amount of the Securities or (ii)&nbsp;the excess of (A)&nbsp;the present value at such Redemption Date of (1)&nbsp;the Redemption Price of the Securities at July&nbsp;15, 2017 (such Redemption
Price being set forth in the table appearing in the Form of Reverse of Securities), plus (2)&nbsp;all required interest payments due on the Securities through July&nbsp;15, 2017 (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 (B)&nbsp;the principal amount of the Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 3 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Applicable
Procedures&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security,
Euroclear and Clearstream, in each case to the extent applicable to such transaction and as in effect at the time of such transfer or transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Asset Sale&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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:
(i)&nbsp;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); (ii)&nbsp;all or substantially all of the properties and assets of any division or line of business of the Company or any Restricted Subsidiary; or (iii)&nbsp;any other properties or assets of the Company or any Restricted Subsidiary other
than in the ordinary course of business. For the purposes of this definition, the term &#147;Asset Sale&#148; shall not include any transfer of properties and assets (A)&nbsp;that is governed by the provisions described under Article Eight hereof,
(B)&nbsp;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 this Indenture, (C)&nbsp;that is of obsolete equipment, (D)&nbsp;that consists
of defaulted receivables for collection or any sale, transfer or other disposition of defaulted receivables for collection, (E)&nbsp;the Fair Market Value of which in the aggregate does not exceed $5.0 million in any transaction or series of related
transactions; or (F)&nbsp;any Restricted Payment permitted under Section&nbsp;1009 herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Average Life to Stated Maturity&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, as of the date of determination with respect to any Indebtedness, the quotient
obtained by dividing (i)&nbsp;the sum of the products of (a)&nbsp;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)&nbsp;the amount of each
such principal payment; by (ii)&nbsp;the sum of all such principal payments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Bankruptcy Law&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Title 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. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 4 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Board of
Directors&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;with respect to a corporation, the board of directors of the corporation, (ii)&nbsp;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 (iii)&nbsp;with respect to any other Person, the board or committee of such Person serving a similar function. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Board Resolution&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company or any Guarantor, as the case may be, to have been duly adopted by the Board of Directors and to be in
full force and effect on the date of such certification, and delivered to the Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Book-Entry Security&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means any Global Securities bearing the legend specified in Section&nbsp;202 evidencing all or
part of a series of Securities, authenticated and delivered to the Depositary for such series or its nominee, and registered in the name of such Depositary or nominee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Business Day&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means each Monday, Tuesday, Wednesday, Thursday
and Friday which is not a day on which banking institutions or trust companies in The City of New York or the city in which the Corporate Trust Office of the Trustee is located are authorized or obligated by law, regulation or executive order to
close. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Capital Lease Obligation&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Capital Stock&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 date of this Indenture, 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. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 5 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Cash
Equivalents&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;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, (ii)&nbsp;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 million, whose debt has a rating, at the time as of which any investment therein is made, of
&#147;P-1&#148; (or higher) according to Moody&#146;s or any successor rating agency or &#147;A-1&#148; (or higher) according to S&amp;P or any successor rating agency, (iii)&nbsp;commercial paper, maturing not more than 270 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
&#147;P-1&#148; (or higher) according to Moody&#146;s or &#147;A-1&#148; (or higher) according to S&amp;P and (iv)&nbsp;any money market deposit accounts issued or offered by a domestic commercial bank having capital and surplus in excess of $500
million; provided that the short term debt of such commercial bank has a rating, at the time of Investment, of &#147;P-1&#148; (or higher) according to Moody&#146;s or &#147;A-1&#148; (or higher) according to S&amp;P. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Change of Control&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the occurrence of any of the following events: (i)&nbsp;any &#147;person&#148; or &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the Exchange Act, other than the Company, its
subsidiaries, a Permitted Holder or the Company&#146;s or their employee benefit plans, is or becomes the direct or indirect &#147;beneficial owner&#148; (as defined in Rule 13d-3 under the Exchange Act) of shares of the Company&#146;s Class&nbsp;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 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&nbsp;A Common Stock); (ii)&nbsp;the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors; (iii)&nbsp;the adoption of a plan relating to the liquidation or dissolution of the
Company; or (iv)&nbsp;consummation of (A)&nbsp;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 Company&#146;s common stock
would be converted into, or exchanged for, stock, other securities, other property or assets or (B)&nbsp;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 (1)&nbsp;any </FONT></P>
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transaction (x)&nbsp;that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of the Company&#146;s Capital Stock and (y)&nbsp;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 members of the Board of Directors of the continuing or surviving or successor person immediately after giving effect to such issuance, or (2)&nbsp;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 (3)&nbsp;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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Clearstream&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Clearstream Banking, soci&eacute;t&eacute; anonyme (or any successor securities clearing agency).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Class A Common Stock&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the Company&#146;s Class&nbsp;A common stock, par value $.01 per share, or any successor common stock thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Commission&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 this Indenture such Commission is not existing and performing the duties now assigned to it under the Securities Act, Exchange Act and Trust
Indenture Act then the body performing such duties at such time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Commodity Price Protection Agreement&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Company&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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 this Indenture, and
thereafter &#147;Company&#148; shall mean such successor Person. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Company
Request&#148; or &#147;Company Order&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a written request or order signed in the name of the Company by any one of its Chairman of the Board, its President, its Chief Executive
Officer, its Chief Financial Officer or a Vice President (regardless of Vice Presidential designation), and by any one of its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Fixed Charge Coverage Ratio&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> of any Person means, for any period, the ratio of (a)&nbsp;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 (b)&nbsp;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
(i)&nbsp;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; (ii)&nbsp;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); (iii)&nbsp;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 (iv)&nbsp;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; <I>provided</I> that (i)&nbsp;in making such
computation, the Consolidated Interest Expense attributable to interest on any Indebtedness computed on a <I>pro forma</I> basis and </FONT></P>
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(A)&nbsp;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)&nbsp;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 (ii)&nbsp;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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Income Tax Expense&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Interest
Expense&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> of any Person means, without duplication, for any period, the sum of (a)&nbsp;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, (i)&nbsp;amortization of debt discount, (ii)&nbsp;the net cash costs associated with Interest Rate Agreements, Currency Hedging
Agreements and Commodity Price Protection Agreements (including amortization of discounts), (iii)&nbsp;the interest portion of any deferred payment obligation, (iv)&nbsp;all commissions, discounts and other fees and charges owed with respect to
letters of credit and bankers acceptance financing and (v)&nbsp;accrued interest, plus (b)&nbsp;(i) the interest component of the Capital Lease Obligations paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted
Subsidiaries during such period and (ii)&nbsp;all capitalized interest of such Person and its Restricted Subsidiaries, plus (c)&nbsp;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 but excluding, in the case of (a), (b)&nbsp;and (c), the amortization or
write-off of deferred financing costs, any non-cash interest expense under the Securities or refinancings thereof or derivatives related thereto and non-cash imputed interest related to disposition accruals. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Net Income (Loss)&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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, (i)&nbsp;all extraordinary gains or losses net of taxes (less all fees and expenses relating thereto), (ii)&nbsp;the portion of net
</FONT></P>
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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, (iii)&nbsp;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, (iv)&nbsp;any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v)&nbsp;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, (vi)&nbsp;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, (vii)&nbsp;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,
(viii)&nbsp;any net gain arising from the acquisition of any securities or extinguishment, under GAAP, of any Indebtedness of such Person, (ix)&nbsp;any net gain or loss arising from the cumulative effect of changes to GAAP, (x)&nbsp;any non-cash
charge related to the issuance of the Securities 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, (xi)&nbsp;any asset impairment charge or goodwill impairment charge, or (xii)&nbsp;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). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Non-cash Charges&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidated Tangible Assets&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> of any Person means
(a)&nbsp;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)&nbsp;the amount thereof constituting goodwill and other intangible assets as
calculated in accordance with GAAP. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 10 -
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Consolidation&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Continuing Directors&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, as of any date of determination,
any member of the Board of Directors of the Company who (i)&nbsp;was a member of the Board of Directors of the Company on the date of this Indenture or (ii)&nbsp;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.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Corporate Trust Office&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the office of the Trustee or an affiliate or agent thereof at which at any particular time the corporate trust business for the purposes of this Indenture shall be principally administered, which
office at the date of execution of this Indenture is located at 60 Livingston Avenue, St. Paul, Minnesota 55107. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Credit Facility&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, collectively, (i)&nbsp;the 2011 Revolving Credit Facility and (ii)&nbsp;whether or not the 2011
Revolving Credit Facility 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)&nbsp;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)&nbsp;debt
securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers&#146; acceptances), or (C)&nbsp;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)&nbsp;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. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Currency
Hedging Agreements&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Default&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means any event which is, or after notice or passage of any time or both would be, an Event of Default.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Depositary&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means, with respect to the Securities issued in the form of one or more Book-Entry Securities, The Depository Trust Company (&#147;DTC&#148;), its nominees and successors, or another Person designated as
Depositary by the Company, which must be a clearing agency registered under the Exchange Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Designated Noncash Consideration&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Designated Senior Indebtedness&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;all Senior
Indebtedness under any Inventory Facility, any Mortgage Loans or any Credit Facility and (ii)&nbsp;any other Senior Indebtedness which at the time of determination has an aggregate principal amount outstanding of at least $25.0 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. </FONT></P>
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Disinterested Director&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Escrow Agent&#148; means Wilmington Trust, National
Association, as escrow agent under the Escrow Agreement or any successor escrow agent as set forth in the Escrow Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Escrow Agreement&#148; means the Escrow Agreement to be dated as of the Issue Date, among the Company, the Trustee and the Escrow
Agent, as amended, supplemented, modified, extended, renewed, restated or replaced in whole or in part from time to time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Euroclear&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means Euroclear Bank S.A./N.V., as operator of the Euroclear Clearance System (or any successor securities clearing agency). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Event of Default&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> has the meaning specified in
Section&nbsp;501. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Exchange Act&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated by the Commission thereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Exchange Offer&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the exchange offer by the Company and the Guarantors of Series B Securities for Series A Securities to be effected pursuant to Section&nbsp;2.1 of the Registration Rights Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Exchange Offer Registration Statement&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the registration statement under the Securities Act contemplated by Section&nbsp;2.1 of the Registration Rights Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Fair Market Value&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 Board Resolution. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;5.0%
Securities&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, the 5.0% Convertible Senior Notes due 2029 issued under the Indenture, dated as of September&nbsp;23, 2009, as supplemented by the First Supplemental Indenture, dated
as of September&nbsp;23, 2009, among the Company and the Trustee, as such agreement has been and may be amended or supplemented from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Generally Accepted Accounting Principles&#148; or &#147;GAAP&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3">
means generally accepted accounting principles in the United States, consistently applied, which (i)&nbsp;for the purpose of determining compliance with the covenants contained in this Indenture, were in effect as of the Issue Date, and
(ii)&nbsp;for purposes of complying with the reporting requirements contained in this Indenture, are in effect from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Global Securities&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the Rule&nbsp;144A Global
Securities, the Regulation&nbsp;S Global Securities and the Series&nbsp;B Global Securities to be issued as Book-Entry Securities issued to the Depositary in accordance with Section&nbsp;306. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Guarantee&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the guarantee by any Guarantor of the Company&#146;s Indenture Obligations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Guaranteed Debt&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> of any Person means, without duplication,
all Indebtedness of any other Person referred to in the definition of Indebtedness below guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i)&nbsp;to
pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii)&nbsp;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, (iii)&nbsp;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), (iv)&nbsp;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 (v)&nbsp;otherwise to assure a creditor against loss; <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. </FONT></P>
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Guarantor&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means any Subsidiary which is a guarantor of the Securities, including any Person that is required to execute a guarantee of the Securities pursuant to Section&nbsp;1011 or Section&nbsp;1013 until a
successor replaces such party pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Holder&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a Person in whose name a Security is registered
in the Security Register. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Indebtedness&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means, with respect to any Person, without duplication, (i)&nbsp;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, (ii)&nbsp;all obligations of such Person evidenced by bonds, notes, debentures or other similar instruments, (iii)&nbsp;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, (iv)&nbsp;all net obligations of such Person under Interest Rate Agreements, Currency Hedging Agreements or Commodity Price Protection Agreements of such Person, (v)&nbsp;all
Capital Lease Obligations of such Person, (vi)&nbsp;all Indebtedness referred to in clauses&nbsp;(i) through (v)&nbsp;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, (vii)&nbsp;all Guaranteed Debt of such Person, (viii)&nbsp;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, (ix)&nbsp;Preferred Stock of any Restricted Subsidiary of the Company which is not a Guarantor and (x)&nbsp;any amendment, supplement, modification, deferral, renewal, extension, refunding or refinancing of any
liability of the types referred to in clauses&nbsp;(i) through (ix)&nbsp;above. 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 this 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. </FONT></P>
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Indenture&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means this instrument as originally executed (including all exhibits and schedules thereto) and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Indenture Obligations&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the obligations of the Company and any other obligor under this Indenture or under the
Securities, 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 this Indenture, the Securities and
the performance of all other obligations to the Trustee and the Holders under this Indenture and the Securities, according to the respective terms hereof and thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Initial Purchasers&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Merrill Lynch, Pierce,
Fenner&nbsp;&amp; Smith Incorporated, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, U.S. Bancorp Investments, Inc. and Comerica Securities, Inc. (or the initial purchasers with respect to Additional Securities issued after the date
hereof). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Initial Securities&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means Securities issued on the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Interest Payment Date&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the Stated Maturity of an installment of interest on the Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Interest Rate Agreements&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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) and/or other types of interest rate hedging agreements from time to time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Inventory Facility&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;the 2011 Floor Plan Facility, (ii)&nbsp;any agreement with one or more of Mercedes-Benz Financial Services USA LLC, Ford Motor Credit Company LLC, GMAC, Inc. (formally known as General
Motors Acceptance Corporation), BMW </FONT></P>
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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)&nbsp;any other agreement (including
pursuant to a commercial paper program) pursuant to which the Company or any Restricted Subsidiary incurs Indebtedness, the net proceeds of which are used to purchase, finance or refinance vehicles and/or vehicle parts and supplies, each as may be
amended, substituted, refinanced or replaced from time to time with another Inventory Facility. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Investment&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Issue Date&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the original issue date of the Securities under this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Issue Price&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means 99.110% of the aggregate principal amount of the Securities, plus accrued interest, if any, from July&nbsp;2, 2012. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Lien&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 17 -
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Manufacturer&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means a vehicle manufacturer which is a party to a dealership franchise agreement with the Company or any Restricted Subsidiary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Maturity&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, when used with respect to the Securities,
the date on which the principal of the Securities becomes due and payable as therein provided or as provided in this 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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Moody&#146;s&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means Moody&#146;s Investors Service, Inc. or any successor rating agency. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Mortgage Loans&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> mean (i)&nbsp;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)&nbsp;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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Net Cash Proceeds&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means (a)&nbsp;with respect to any Asset Sale by any Person, the proceeds thereof (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)&nbsp;net of (i)&nbsp;brokerage commissions and other reasonable fees and expenses (including fees and expenses of counsel and investment bankers) related to such Asset Sale, (ii)&nbsp;provisions for all taxes payable as
a result of such Asset Sale, (iii)&nbsp;payments made to retire Indebtedness where payment of such Indebtedness is secured by the assets or properties the subject of such Asset Sale, (iv)&nbsp;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 (v)&nbsp;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 </FONT></P>
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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 (b)&nbsp;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 in Section&nbsp;1009, 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;9.0% Securities&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the 9.0% Senior Subordinated Notes due 2018 issued under the Indenture, dated as of
March&nbsp;10, 2010, among the Company, the Trustee and the other parties thereto, as such agreement has been and may be amended or supplemented from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Non-U.S. Person&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a Person that is not a &#147;U.S.
person&#148; as defined in Regulation S under the Securities Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Officers&#146; Certificate&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a certificate signed by the Chairman of the Board, the President, the Chief Executive
Officer, the Chief Financial Officer or a Vice President (regardless of Vice Presidential designation), and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company or any Guarantor, as the case may be, and
in form and substance reasonably satisfactory to, and delivered to, the Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Opinion of Counsel&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a written opinion of counsel, who may be an employee or counsel for the Company, any
Guarantor or the Trustee, unless an Opinion of Independent Counsel is required pursuant to the terms of this Indenture, and who shall be acceptable to the Trustee, and which opinion shall be in form and substance reasonably satisfactory to the
Trustee. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Opinion of
Independent Counsel&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a written opinion of counsel which is issued by a Person who is not an employee, director or consultant (other than non-employee legal counsel) of the Company
or any Guarantor and who shall be acceptable to the Trustee, and which opinion shall be in form and substance reasonably satisfactory to the Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Outstanding&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> when used with respect to Securities means, as
of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)
Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Securities, or portions
thereof, for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company or an Affiliate thereof) in trust or set aside and segregated in trust by the Company
or an Affiliate thereof (if the Company or an Affiliate thereof shall act as its own Paying Agent) for the Holders of such Securities; <I>provided </I>that if such Securities are to be redeemed, notice of such redemption has been duly given pursuant
to this Indenture or provision therefor reasonably satisfactory to the Trustee has been made; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Securities, to the extent
provided in Sections 402 and 403, with respect to which the Company has effected defeasance or covenant defeasance as provided in Article Four; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) Securities in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have
been presented to the Trustee and the Company proof reasonably satisfactory to each of them that such Securities are held by a bona fide purchaser in whose hands the Securities are valid obligations of the Company; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3"><I>provided</I>,<I> however</I>, that in determining whether the Holders of the requisite principal amount of Outstanding Securities have given any
request, demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company, any Guarantor, or any other obligor upon the Securities or any Affiliate of the Company, any Guarantor or such other obligor shall be
disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee knows
to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee </FONT></P>
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establishes to the reasonable satisfaction of the Trustee the pledgee&#146;s right so to act with respect to such Securities and that the pledgee is not the Company, any Guarantor or any other
obligor upon the Securities or any Affiliate of the Company, any Guarantor or such other obligor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Pari Passu Indebtedness&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (a)&nbsp;any Indebtedness of the Company that is <I>pari passu</I> in right of payment
to the Securities (including without limitation, the 9.0% Securities while outstanding) and (b)&nbsp;with respect to any Guarantee, Indebtedness which ranks <I>pari passu</I> in right of payment to such Guarantee (including without limitation, the
Guarantees with respect to the 9.0% Securities while outstanding). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Paying Agent&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means any Person (including the Company) authorized by the Company to pay the principal of, premium, if
any, or interest on, any Securities on behalf of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Permitted Holders&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;Mr.&nbsp;O. Bruton Smith and his guardians, conservators, committees, or
attorneys-in-fact; (ii)&nbsp;lineal descendants of Mr.&nbsp;Smith (each, a &#147;Descendant&#148;) and their respective guardians, conservators, committees or attorneys-in-fact; and (iii)&nbsp;each &#147;Family Controlled Entity&#148; (as defined
herein). The term &#147;Family Controlled Entity&#148; means (a)&nbsp;any not-for-profit corporation if at least 80% of its Board of Directors is composed of Permitted Holders and/or Descendants; (b)&nbsp;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; (c)&nbsp;any partnership if at least 80% of the value of the partnership interests are owned directly or indirectly by one or more Permitted Holders;
(d)&nbsp;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 (e)&nbsp;any trusts created for the benefit of any of the persons listed in
(i)&nbsp;or (ii)&nbsp;of the prior sentence. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Permitted Investment&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;Investments in the Company, any Restricted Subsidiary or any Person which, as a result of such Investment, (a)&nbsp;becomes a Restricted Subsidiary or (b)&nbsp;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; (ii)&nbsp;Indebtedness of the Company or a Restricted Subsidiary described under clauses, (v), (vi)&nbsp;and
(vii)&nbsp;of the definition of &#147;Permitted Indebtedness&#148;; (iii)&nbsp;Investments in any of the Securities; (iv)&nbsp;Temporary Cash Investments; (v)&nbsp;Investments acquired by the Company or any Restricted Subsidiary in connection with
an asset sale permitted under Section&nbsp;1012 </FONT></P>
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herein to the extent such Investments are non-cash proceeds as permitted under such covenant; (vi)&nbsp;any Investment to the extent the consideration therefor consists of Qualified Capital Stock
of the Company or any Restricted Subsidiary; (vii)&nbsp;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; (viii)&nbsp;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 million in the aggregate at any one time outstanding; (ix)&nbsp;Investments in existence on the Issue Date; (x)&nbsp;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; (xi)&nbsp;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 this Indenture from the issuance and sale of Capital Stock (other than Redeemable Capital Stock or Preferred Stock); provided that such Net Cash Proceeds are used to make such Investment within 10 days of the receipt thereof and the amount
of all such Net Cash Proceeds will be excluded from Section&nbsp;1009(a)(3)(C); (xii)&nbsp;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; (xiii)&nbsp;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 (xiv)&nbsp;in addition to the Investments described in clauses (i)&nbsp;through (xiii)&nbsp;above, Investments in an amount not to exceed $10.0 million in the aggregate at any one time
outstanding. 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 (as determined by the Company&#146;s Board of Directors) at the time
of Investment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Permitted Junior
Payment&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means any payment or other distribution to the holders of the Securities 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. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Permitted
Guarantor Junior Payment&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means any payment or other distribution to the holders of the Guarantees of securities of any Guarantor 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 Guarantor Indebtedness to substantially the same extent as, or to a greater extent than, the holders of the Indenture Obligations are so
subordinated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Person&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Predecessor
Security&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of
this definition, any Security authenticated and delivered under Section&nbsp;308 in exchange for a mutilated Security or in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the mutilated, lost, destroyed or
stolen Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Preferred
Stock&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over the Capital Stock of any other class in such Person. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Prospectus&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the prospectus included in a Registration
Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including any such prospectus supplement with respect to the terms of the offering of any portion of the Series A
Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to a prospectus, including post-effective amendments, and in each case including all material incorporated by reference therein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Purchase Money Obligation&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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 (i)&nbsp;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&nbsp;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 </FONT></P>
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purchased or acquired, any additions and accessions thereto and any proceeds therefrom, (ii)&nbsp;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 (iii)&nbsp;(A)&nbsp;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 (B)&nbsp;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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Qualified Capital Stock&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> of any Person means any and all Capital Stock of such Person other than Redeemable Capital Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Redeemable Capital Stock&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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), 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 Securities or 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 assets by the Company in circumstances where a
Holder would have similar rights), or is convertible into or exchangeable for debt securities at any time prior to any such Stated Maturity at the option of the holder thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Redemption Date&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> when used with respect to any Security to be redeemed pursuant to any provision in this Indenture means the date fixed for such redemption by or pursuant to this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Redemption Price&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> when used with respect to any Security to be redeemed pursuant to any provision in this Indenture means the price at which it is to be redeemed pursuant to this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Registration Rights Agreement&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;the Registration Rights Agreement, dated as of July&nbsp;2, 2012, among the Company, the Guarantors and the Initial Purchasers and (ii)&nbsp;with respect to any Additional Securities
issued subsequent to July&nbsp;2, 2012, the registration rights agreement entered into for the benefit of the holders of such Additional Securities, if any. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 24 -
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Registration Statement&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means any registration statement of the Company and the Guarantors which covers the sale or issuance of any of the Series A Securities (and related guarantees) or Series B Securities (and related
guarantees) pursuant to the provisions of the Registration Rights Agreement, and all amendments and supplements to any such Registration Statement, including post-effective amendments, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated by reference therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Regular Record Date&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> for the interest payable on any Interest Payment Date means the March&nbsp;1 or September&nbsp;1
(whether or not a Business Day) next preceding such Interest Payment Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Regulation S&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Regulation S under the Securities Act, as amended from time to time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Regulation&nbsp;S Global Securities&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means one or more permanent global Securities in registered form representing the aggregate principal amount of Securities sold in reliance on Regulation&nbsp;S under the Securities Act. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Responsible Officer&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> when used with respect to the Trustee means any officer or employee assigned to the Corporate Trust Office or any agent of the Trustee appointed hereunder, including any vice president, assistant vice
president, secretary, assistant secretary, or any other officer or assistant officer of the Trustee or any agent of the Trustee appointed hereunder to whom any corporate trust matter is referred because of his or her knowledge of and familiarity
with the particular subject. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Replacement
Assets&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Restricted
Subsidiary&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 Section&nbsp;1018 herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Rule 144A&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Rule 144A under the Securities Act, as amended from time to time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Rule&nbsp;144A Global Securities&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means one or more permanent global Securities in registered form representing the aggregate principal amount of Securities sold in reliance on Rule&nbsp;144A under the Securities Act. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;S&amp;P&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means Standard&nbsp;&amp; Poor&#146;s Rating Services, a division of The McGraw Hill Companies, Inc., and any successor rating agency. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Securities Act&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means the Securities Act of 1933, as amended, or any successor statute and the rules and regulations promulgated by the Commission thereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Senior Guarantor Indebtedness&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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)&nbsp;include any Inventory Facility, any Mortgage Loans and any Credit Facility to the extent any Guarantor is a party thereto and (y)&nbsp;not include
(i)&nbsp;Indebtedness evidenced by the Guarantees or the Guarantees with respect to the 9.0% Securities, (ii)&nbsp;Indebtedness that is subordinated or junior in right of payment to any Indebtedness of any Guarantor, (iii)&nbsp;Indebtedness which
when incurred and without respect to any election under Section&nbsp;1111(b) of Title 11 United States Code is without recourse to any Guarantor, (iv)&nbsp;Indebtedness which is represented by Redeemable Capital Stock, (v)&nbsp;any liability for
foreign, federal, state, local or other taxes owed or owing by any Guarantor to the extent </FONT></P>
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such liability constitutes Indebtedness, (vi)&nbsp;Indebtedness of any Guarantor to a Subsidiary or any other Affiliate of the Company or any of such Affiliate&#146;s Subsidiaries, (vii)&nbsp;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, (viii)&nbsp;that portion of any Indebtedness which at the time of issuance is issued in violation of this Indenture and (ix)&nbsp;Indebtedness evidenced by any guarantee of any
Subordinated Indebtedness or Pari Passu Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Senior Guarantor Representative&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the agent, indenture trustee or other trustee or representative for any Senior
Guarantor Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Senior
Indebtedness&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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 Securities. Notwithstanding the foregoing, &#147;Senior Indebtedness&#148; shall (x)&nbsp;include any Inventory Facility and any Credit Facility to the extent the Company is a party thereto and (y)&nbsp;not include (i)&nbsp;Indebtedness
evidenced by the Securities or the 9.0% Securities, (ii)&nbsp;Indebtedness that is subordinate or junior in right of payment to any Indebtedness of the Company, (iii)&nbsp;Indebtedness which when incurred and without respect to any election under
Section&nbsp;1111(b) of Title 11 United States Code is without recourse to the Company, (iv)&nbsp;Indebtedness which is represented by Redeemable Capital Stock, (v)&nbsp;any liability for foreign, federal, state, local or other taxes owed or owing
by the Company to the extent such liability constitutes Indebtedness, (vi)&nbsp;Indebtedness of the Company to a Subsidiary or any other Affiliate of the Company or any of such Affiliate&#146;s Subsidiaries, (vii)&nbsp;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, (viii)&nbsp;that portion of any Indebtedness which at the time of issuance is issued in violation of this Indenture and (ix)&nbsp;Indebtedness evidenced by any guarantee of any Subordinated Indebtedness or Pari
Passu Indebtedness. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Senior
Representative&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the agent, indenture trustee or other trustee or representative for any Senior Indebtedness. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Series&nbsp;B Global Securities&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means one or more permanent Global Securities in registered form representing the aggregate principal amount of Series&nbsp;B Securities exchanged for Series&nbsp;A Securities pursuant to the Exchange
Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Shelf Registration
Statement&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means a &#147;shelf&#148; registration statement of the Company and the Guarantors pursuant to Section&nbsp;2.2 of the of the Registration Rights Agreement, which covers all
of the Registrable Securities (as defined in the Registration Rights Agreement) on an appropriate form under Rule 415 under the Securities Act, or any similar rule that may be adopted by the Commission, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Significant Restricted Subsidiary&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means, at any particular time, any Restricted Subsidiary that, together with the Restricted Subsidiaries of such Restricted Subsidiary (i)&nbsp;accounted for more than 10% of the Consolidated revenues of
the Company and its Restricted Subsidiaries for their most recently completed fiscal year or (ii)&nbsp;is or are the owner(s) of more than 10% 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Special Record Date&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> for the payment of any Defaulted
Interest means a date fixed by the Trustee pursuant to Section&nbsp;309. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Stated Maturity&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Subordinated Indebtedness&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means Indebtedness of the Company
or a Guarantor subordinated in right of payment to the Securities or the Guarantee of such Guarantor, as the case may be. </FONT></P>
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<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Subsidiary&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> of a Person means (i)&nbsp;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 thereof, or (ii)&nbsp;any limited partnership of which such Person or any Subsidiary of such Person is a general partner, or (iii)&nbsp;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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Successor Security&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> of any particular Security means every Security issued after, and evidencing all or a portion of
the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section&nbsp;307 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security
shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Temporary Cash Investments&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means (i)&nbsp;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, (ii)&nbsp;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
million, whose debt has a rating, at the time as of which any investment therein is made, of &#147;P-1&#148; (or higher) according to Moody&#146;s or any successor rating agency or &#147;A-1&#148; (or higher) according to S&amp;P or any successor
rating agency, (iii)&nbsp;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 &#147;P-1&#148; (or higher) according to Moody&#146;s or &#147;A-1&#148; (or higher) according to S&amp;P, and (iv)&nbsp;any money market deposit accounts issued or
offered by a domestic commercial bank having capital and surplus in excess of $500 million; <I>provided</I> that the short term debt of such commercial bank has a rating, at the time of Investment, of &#147;P-1&#148; (or higher) according to
Moody&#146;s or &#147;A-1&#148; (or higher) according to S&amp;P. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 29 -
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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Treasury
Rate&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> 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)&nbsp;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 July&nbsp;15, 2017; provided, however, that if the period from the redemption date to July&nbsp;15, 2017 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Trustee&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the Person named as the &#147;Trustee&#148; in the first paragraph of this Indenture, until a successor
trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter &#147;Trustee&#148; shall mean such successor trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Trust Indenture Act&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means the Trust Indenture Act of 1939,
as amended, or any successor statute. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;2011
Credit Facilities&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, the 2011 Revolving Credit Facility and the 2011 Floor Plan Facility. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;2011 Revolving Credit Facility&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, the Second Amended and
Restated Credit Agreement dated July&nbsp;8, 2011 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., BMW Financial Services NA, LLC, Toyota Motor Credit Corporation,
JPMorgan Chase Bank, N.A., Comerica Bank, World Omni Financial Corp., U.S. Bank, National Association, Mercedes-Benz Financial Services USA LLC, Capital One, N.A. and VW Credit, Inc., as Lenders and Wells Fargo Bank, National Association and Bank of
America, N.A., as LC issuers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;2011 Floor
Plan Facility&#148;</FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> means, the Amended and Restated Syndicated New and Used Vehicle Floorplan Credit Agreement dated July&nbsp;8, 2011 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., Comerica Bank, U.S. Bank, National Association, Wells Fargo Bank, National Association, Capital One, N.A. and Mercedes-Benz Financial Services USA LLC, as Lenders. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 30 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Unrestricted Subsidiary&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> means any Subsidiary of the Company (other than a Guarantor) designated as such pursuant to and in compliance with Section&nbsp;1018 herein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Unrestricted Subsidiary Indebtedness&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> of any Unrestricted Subsidiary means Indebtedness of such Unrestricted Subsidiary (i)&nbsp;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 (ii)&nbsp;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; provided that notwithstanding the foregoing any Unrestricted Subsidiary may guarantee the Securities.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Voting Stock&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#008484">&#147;Wholly-Owned Restricted Subsidiary&#148;</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="3"> 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). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 31 -
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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;102. <U>Other Definitions</U>. </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD style="width:45pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:45pt"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>Term</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>Defined&nbsp;in</U><BR><U>Section</U></FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Act&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">105&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Agent Members&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">306&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Change of Control Offer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1014&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Change of Control Purchase Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1014&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Change of Control Purchase Notice&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1014&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Change of Control Purchase Price&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1014&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;covenant defeasance&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">403&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Defaulted Interest&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">309&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;defeasance&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">402&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Defeasance Redemption Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">404&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Defeased Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">401&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Escrow Proceeds&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1022&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Excess Proceeds&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;5.0% Securities Exchange Offer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">203&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;5.0% Securities Exchange Offer Termination Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">203&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;incur&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1008&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Offer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Offer Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Offered Price&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Pari Passu Debt Amount&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Pari Passu Offer&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Indebtedness&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1008&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Permitted Payment&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1009&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Private Placement Legend&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">202&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Purchase Money Security Agreement&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">101&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;refinancing&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1008&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Registration Default&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">202&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Required Filing Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1019&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Restricted Payments&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1009&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">Recitals&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Security Amount&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">1012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Security Register&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">305&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Security Registrar&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">305&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Series A Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">Recitals&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Series B Securities&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">Recitals&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Special Mandatory Redemption&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">203&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Special Payment Date&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">309&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Surviving Entity&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">801&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Surviving Guarantor Entity&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">801&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;U.S. Government Obligations&#148;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">404&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 32 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;103. <U>Compliance Certificates and Opinions</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture and as may be
requested by the Trustee, the Company and any Guarantor (if applicable) and any other obligor on the Securities (if applicable) shall furnish to the Trustee an Officers&#146; Certificate in a form and substance reasonably acceptable to the Trustee
stating that all conditions precedent, if any, provided for in this Indenture (including any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with, and an Opinion of Counsel in a
form and substance reasonably acceptable to the Trustee stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that, in the case of any such application or request as to which the
furnishing of such certificates or opinions is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Every certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture shall
include: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) a statement that each individual signing such certificate or individual or firm signing such opinion has read
and understands such covenant or condition and the definitions herein relating thereto; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) a brief statement as to the
nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) a statement that, in the opinion of each such individual or such firm, he or it has made such examination or investigation as is necessary to enable him or it to express an informed opinion as to
whether or not such covenant or condition has been complied with; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) a statement as to whether, in the opinion of each
such individual or such firm, such condition or covenant has been complied with. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;104. <U>Form of
Documents Delivered to Trustee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In any case where several matters are required to be certified by, or covered by an
opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an
opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 33 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any certificate of an officer of the Company, any Guarantor or other obligor on the
Securities may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer has actual knowledge that the certificate or opinion or representations with respect to the
matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Company, any Guarantor or other obligor on the Securities stating that the information with respect to such factual matters is in the possession of the Company, any Guarantor or other obligor on the Securities, unless such officer or counsel has
actual knowledge that the certificate or opinion or representations with respect to such matters are erroneous. Opinions of Counsel required to be delivered to the Trustee may have qualifications customary for opinions of the type required and
counsel delivering such Opinions of Counsel may rely on certificates of the Company or government or other officials customary for opinions of the type required, including certificates certifying as to matters of fact, including that various
financial covenants have been complied with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any certificate or opinion of an officer of the Company, any Guarantor or other
obligor on the Securities may be based, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants in the employ of the Company, unless such officer has actual knowledge
that the certificate or opinion or representations with respect to the accounting matters upon which his certificate or opinion may be based are erroneous. Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent with respect to the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Where any Person is required to
make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. </FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;105. <U>Acts of Holders</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing and may be given or obtained in connection with a purchase of, or tender offer or exchange offer for, outstanding Securities; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the &#147;Act&#148; of the Holders signing such instrument or instruments. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 34 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company,
if made in the manner provided in this Section&nbsp;105. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The ownership of Securities shall be proved by the Security
Register. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Any request, demand, authorization, direction, notice, consent, waiver or other Act by the Holder of any
Security shall bind every future Holder of the same Security or the Holder of every Security issued upon the transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done, suffered or omitted to be done by the Trustee, any
Paying Agent or the Company, any Guarantor or any other obligor of the Securities in reliance thereon, whether or not notation of such action is made upon such Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer
authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual
capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other
manner which the Trustee deems sufficient. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) If the Company shall solicit from the Holders any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of such Holders entitled to give such request, demand,
authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding Trust Indenture Act Section&nbsp;316(c), any such record date shall be the record date specified in or pursuant to
such Board Resolution, which shall be a date not more than 30 days prior to the first solicitation of Holders generally in connection therewith and no later than the date such first solicitation is completed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before
or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for purposes of determining whether Holders of the requisite proportion of Securities then Outstanding have
authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for this purpose the Securities then Outstanding shall be computed as of such record date; <I>provided </I>that no such
request, demand, authorization, direction, notice, consent, waiver or other Act by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months
after such record date. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 35 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) For purposes of this Indenture, any action by the Holders which may be taken in writing
may be taken by electronic means or as otherwise reasonably acceptable to the Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;106.
<U>Notices, etc., to the Trustee, the Company and any Guarantor</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any request, demand, authorization, direction, notice,
consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) the Trustee by any Holder or by the Company or any Guarantor or any other obligor on the Securities shall be sufficient for every purpose (except as provided in Section&nbsp;501(c)) hereunder if in
writing and mailed, first-class postage prepaid, or delivered by recognized overnight courier, to or with the Trustee at its Corporate Trust Office, or at any other address previously furnished in writing to the Holders or the Company, any Guarantor
or any other obligor on the Securities by the Trustee; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) the Company or any Guarantor by the Trustee or any Holder
shall be sufficient for every purpose (except as provided in Section&nbsp;501(c)) hereunder if in writing and mailed, first-class postage prepaid, or delivered by recognized overnight courier, to the Company or such Guarantor addressed to it c/o
Sonic Automotive, Inc., 4401 Colwick Road, Charlotte, North Carolina 28211, Attention: Chief Financial Officer or at any other address previously furnished in writing to the Trustee by the Company or such Guarantor. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;107. <U>Notice to Holders; Waiver</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid, or delivered by recognized overnight courier, to each Holder affected by such event, at its address as it appears in the Security Register, not later than the latest date,
and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall
affect the sufficiency of such notice with respect to other Holders. Any notice when mailed to a Holder in the aforesaid manner shall be conclusively deemed to have been received by such Holder whether or not actually received by such Holder. Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by
Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 36 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case by reason of the suspension of regular mail service or by reason of any other
cause, it shall be impracticable to mail notice of any event as required by any provision of this Indenture, then any method of giving such notice as shall be reasonably satisfactory to the Trustee shall be deemed to be a sufficient giving of such
notice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;108. <U>Conflict with Trust Indenture Act</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If any provision hereof limits, qualifies or conflicts with any provision of the Trust Indenture Act or another provision which is
required or deemed to be included in this Indenture by any of the provisions of the Trust Indenture Act, the provision or requirement of the Trust Indenture Act shall control. If any provision of this Indenture modifies or excludes any provision of
the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;109. <U>Effect of Headings and Table of Contents</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;110. <U>Successors and Assigns</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All covenants and agreements in this Indenture by the Company and the Guarantors shall bind their respective successors and assigns,
whether so expressed or not. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;111. <U>Separability Clause</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case any provision in this Indenture or in the Securities or Guarantees shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;112. <U>Benefits of Indenture</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing in this Indenture or in the Securities or Guarantees, express or implied, shall give to any Person (other than the parties
hereto and their successors hereunder, any Paying Agent and the Holders) any benefit or any legal or equitable right, remedy or claim under this Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 37 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff"><B>SECTION&nbsp;113. <U>GOVERNING LAW</U>. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THIS INDENTURE, THE SECURITIES AND THE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;114. <U>Legal
Holidays</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In any case where any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Security
shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) payment of interest or principal or premium, if any, need not be made on such date, but may be made on the next succeeding Business Day
with the same force and effect as if made on such Interest Payment Date or Redemption Date, or at the Maturity or Stated Maturity and no interest shall accrue with respect to such payment for the period from and after such Interest Payment Date,
Redemption Date, Maturity or Stated Maturity, as the case may be, to the next succeeding Business Day. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;115. <U>Independence of Covenants</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All covenants and agreements in this Indenture shall be given independent effect so that if a particular action or condition is not
permitted by any such covenants, the fact that it would be permitted by an exception to, or be otherwise within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or
condition exists. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;116. <U>Schedules and Exhibits</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All schedules and exhibits attached hereto are by this reference made a part hereof with the same effect as if herein set forth in full.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;117. <U>Counterparts</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Indenture may be executed in any number of counterparts, each of which shall be deemed an original; but all such counterparts shall
together constitute but one and the same instrument. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;118. <U>No Personal Liability of Directors,
Officers, Employees, Members, Partners and Stockholders</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">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 Securities, this Indenture, the Guarantees, or for any claim based on, in respect of, or by reason of, such obligations
or their creation. Each Holder of Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities
under the federal securities law. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 38 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE TWO </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">SECURITY FORMS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;201. <U>Forms Generally</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities, the
Guarantees and the Trustee&#146;s certificate of authentication thereon shall be in substantially the forms set forth in this Article Two, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted
hereby and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange, any organizational document or governing instrument or
applicable law or as may, consistently herewith, be determined by the officers executing such Securities and Guarantees, as evidenced by their execution of the Securities and Guarantees. Any portion of the text of any Security may be set forth on
the reverse thereof, with an appropriate reference thereto on the face of the Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The definitive Securities shall be
printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Securities may be listed, all as determined by the officers
executing such Securities, as evidenced by their execution of such Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Series A Securities offered and sold in
reliance on Rule&nbsp;144A shall be issued initially in the form of one or more Rule&nbsp;144A Global Securities, substantially in the form set forth in Section&nbsp;202, deposited upon issuance with the Trustee, as custodian for the Depositary,
registered in the name of the Depositary, or its nominee, in each case for credit to an account of a direct or indirect participant of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The
aggregate principal amount of the Rule 144A Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Series A Securities offered and sold in reliance on Regulation&nbsp;S shall be issued in the form of one or more Regulation S Global
Securities, substantially in the form set forth in Section&nbsp;202, deposited upon issuance with the Trustee, as custodian for the Depositary, registered in the name of the Depositary, or its nominee in each case for credit by the Depositary to an
account of a direct or indirect participant of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided; <I>provided, however</I>, that upon such deposit through and including the 40th day after the
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 39 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
later of the commencement of the Offering and the original issue date of the Securities (such period through and including such 40th day, the &#147;Restricted Period&#148;), all such Securities
shall be credited to or through accounts maintained at the Depositary by or on behalf of Euroclear or Clearstream unless exchanged for interests in the Rule&nbsp;144A Global Securities in accordance with the transfer and certification requirements
described below. The aggregate principal amount of the Regulation S Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter
provided. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Series B Securities exchanged for Series A Securities shall be issued initially in the form of one or more Series
B Global Securities, substantially in the form set forth in Section&nbsp;202, deposited upon issuance with the Trustee, as custodian for the Depositary, registered in the name of the Depositary or its nominee, in each case for credit to an account
of a direct or indirect participant of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of the Series B Global Securities may from time to time be increased or
decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">With respect to any Additional Securities issued subsequent to the date of this Indenture notwithstanding anything else herein, (1)&nbsp;all references in Section&nbsp;202 herein and elsewhere in this
Indenture to a Registration Rights Agreement shall be to the registration rights agreement entered into with respect to such Additional Securities, (2)&nbsp;any references in Section&nbsp;202 and elsewhere in this Indenture to the Exchange Offer,
Exchange Offer Registration Statement, Shelf Registration Statement, Initial Purchasers, Registration Default, and any other term related thereto shall be to such terms as they are defined in such registration rights agreement entered into with
respect to such Additional Securities, (3)&nbsp;all time periods described in the Securities with respect to the registration of such Additional Securities shall be as provided in such Registration Rights Agreement entered into with respect to such
Additional Securities, (4)&nbsp;any penalty interest may, if set forth in the Registration Rights Agreement, be paid to the holders of the Additional Securities immediately prior to the making or the consummation of the Exchange Offer regardless of
any other provisions regarding record dates herein and (5)&nbsp;all provisions of this Indenture shall be construed and interpreted to permit the issuance of such Additional Securities and to allow such Additional Securities to become fungible and
interchangeable with the Series A Securities originally issued under this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;202.
<U>Form of Face of Security</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The form of the face of any Series A Securities authenticated and delivered hereunder
shall be substantially as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Unless and until (i)&nbsp;a Series A Security is sold under an effective Registration
Statement or (ii)&nbsp;a Series A Security is exchanged for a Series B Security in </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 40 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
connection with an effective Registration Statement, in each case pursuant to the Registration Rights Agreement, then such Security shall bear the legend set forth below (the &#147;Private
Placement Legend&#148;) on the face thereof: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN
A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE &#147;SECURITIES ACT&#148;), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A
THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)&nbsp;SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a)&nbsp;INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A
UNDER THE SECURITIES ACT, (b)&nbsp;OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c)&nbsp;PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d)&nbsp;IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY IF THE
COMPANY SO REQUESTS), (2)&nbsp;TO THE COMPANY OR (3)&nbsp;PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 41 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>
STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B)&nbsp;THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF
THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A)&nbsp;ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Legend if Security is a Global Security] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY.
TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE&nbsp;&amp; CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&#146;S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTIONS 306 AND 307 OF THE INDENTURE. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(&#147;DTC&#148;), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT AND ANY SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE&nbsp;&amp; CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC (AND ANY PAYMENT IS MADE TO CEDE&nbsp;&amp; CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE&nbsp;&amp; CO., HAS AN INTEREST HEREIN. </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 42 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET
FORTH IN ARTICLE FOURTEEN OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE COMPANY AND CERTAIN OF ITS SUBSIDIARIES TO ALL SENIOR INDEBTEDNESS; THE GUARANTEE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE
EXTENT SET FORTH IN ARTICLE THIRTEEN OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE GUARANTORS TO ALL SENIOR GUARANTOR INDEBTEDNESS; AND EACH HOLDER HEREOF BY ITS ACCEPTANCE HEREOF, SHALL BE BOUND BY THE PROVISIONS OF THE
SUBORDINATION AS SET FORTH IN SAID ARTICLE THIRTEEN AND ARTICLE FOURTEEN OF THE INDENTURE.&#148; </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 43 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE, INC. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">7.0% SENIOR SUBORDINATED NOTE DUE 2022 SERIES A </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">CUSIP NO.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">No. <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
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</TABLE> <P STYLE="margin-top:36px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc., a Delaware corporation (herein called the &#147;Company,&#148; which term
includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> or registered assigns,
the principal sum of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> United States dollars, or such other principal amount as may be set forth on the Security Register on Appendix A hereto in accordance with the
Indenture, on July&nbsp;15, 2022, at the office or agency of the Company referred to below, and to pay interest thereon from July&nbsp;2, 2012, or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
semiannually on January&nbsp;15 and July&nbsp;15 in each year, commencing January&nbsp;15, 2013 at the rate of 7.000%&nbsp;per annum, subject to adjustments as described in the second following paragraph, in United States dollars, until the
principal hereof is paid or duly provided for. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Holder of this Series A Security is entitled to the benefits of a Registration Rights Agreement, pursuant to which, subject to the terms and conditions thereof, the Company and the Guarantors are
obligated to consummate the Exchange Offer pursuant to which the Holder of this Security (and related Guarantees) shall have the right to exchange this Security (and related Guarantees) for 7.0% Senior Subordinated Notes due 2022, Series B and
related Guarantees (herein called the &#147;Series&nbsp;B Securities&#148;) in like principal amount as provided therein. The Series A Securities and the Series B Securities are together (including related Guarantees) referred to as the
&#147;Securities.&#148; The Series A Securities rank <I>pari passu</I> in right of payment with the Series&nbsp;B Securities and will be treated as one class with the Series B Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event that (a)&nbsp;the Exchange Offer Registration Statement is not filed with the Commission within the time prescribed under
the Registration Rights Agreement following the date of original issue of the Series A Securities, (b)&nbsp;the Exchange Offer Registration Statement has not been declared effective within the time prescribed under the Registration Rights Agreement
following the date of original issue of the Series A Securities, (c)&nbsp;the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective, in either case, within the time prescribed under the Registration Rights
Agreement following the date of original issue of the Series A Securities or (d)&nbsp;the Shelf Registration Statement is declared effective but shall thereafter become unusable </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 44 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
for more than the time allowed under the Registration Rights Agreement (each such event referred to in clauses (a)&nbsp;through (d)&nbsp;above, a &#147;Registration Default&#148;), the interest
rate borne by the Series A Securities shall be increased by the amount stated in the Registration Rights Agreement. The Shelf Registration Statement will be required to remain effective until the time stated under the Registration Rights Agreement.
Following the cure of all Registration Defaults, the accrual of additional interest will cease and the interest rate will revert to the original rate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or any Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the January&nbsp;1 or July&nbsp;1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any
such interest not so punctually paid, or duly provided for, and interest on such defaulted interest at the interest rate borne by the Series&nbsp;A Securities, to the extent lawful, shall forthwith cease to be payable to the Holder on such Regular
Record Date, and may either be paid to the Person in whose name this Security (or any Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities not less than 10&nbsp;days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities may be listed, and upon such notice as may be required by this Indenture not inconsistent with the requirements of such exchange, all as more fully provided in this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Payment of the principal of, premium, if any, and interest on, this Security, and exchange or transfer of the Security, will be made at
the office or agency of the Company in The City of New York maintained for that purpose (which initially will be a corporate trust office of the Trustee located at 100 Wall Street, Suite 1600, New York, New York, 10005), or at such other office or
agency as may be maintained for such purpose, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; <I>provided</I>,<I> however</I>, that payment of interest may
be made at the option of the Company by check mailed to the address of the Person entitled thereto as such address shall appear on the Security Register. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Security is entitled to the benefits of the Guarantees by the Guarantors of the punctual payment when due and
performance of the Indenture Obligations made in favor of the Trustee for the benefit of the Holders. Reference is made to Article Thirteen of the Indenture for a statement of the respective rights, limitations of rights, duties and obligations
under the Guarantees of the Guarantors. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 45 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Unless the certificate of authentication hereon has been duly executed by the Trustee
referred to on the reverse hereof or by the authenticating agent appointed as provided in the Indenture by manual signature of an authorized signer, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory
for any purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by the manual or facsimile
signature of its authorized officers. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 46 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">TRUSTEE&#146;S CERTIFICATE OF AUTHENTICATION </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This is one of the 7.0% Senior Subordinated Notes due 2022, Series A referred to in the within-mentioned Indenture. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">U.S Bank National Association,</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Trustee</FONT></P></TD></TR>
<TR>
<TD HEIGHT="49"></TD>
<TD HEIGHT="49" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Authorized Signer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated: </FONT></P> <P STYLE="margin-top:72px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">OPTION OF HOLDER TO ELECT PURCHASE </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If you wish to have this Security purchased
by the Company pursuant to Section&nbsp;1012 or Section&nbsp;1014, as applicable, of the Indenture, check the Box: [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If you wish to have a portion of this Security purchased by the Company pursuant to Section&nbsp;1012 or Section&nbsp;1014 as applicable, of the Indenture, state the amount (in original principal amount):
</FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">$
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Date:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Your&nbsp;Signature:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Sign exactly as your name appears on the other side of this Security) </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Signature Guarantee:&nbsp;&nbsp;
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 47 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Signature must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan
associations and credit unions) with membership in an approved guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) The form of the face of any Series B Securities authenticated and delivered hereunder shall be substantially as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">[Legend if Security is a Global Security] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THIS SECURITY IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
PART, TO NOMINEES OF CEDE&nbsp;&amp; CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&#146;S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTIONS 306
AND 307 OF THE INDENTURE. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY
TRUST COMPANY, A NEW YORK CORPORATION (&#147;DTC&#148;), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT AND ANY SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE&nbsp;&amp; CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE&nbsp;&amp; CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE&nbsp;&amp; CO., HAS AN INTEREST HEREIN. </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 48 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET
FORTH IN ARTICLE FOURTEEN OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE COMPANY AND CERTAIN OF ITS SUBSIDIARIES TO ALL SENIOR INDEBTEDNESS; THE GUARANTEE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE
EXTENT SET FORTH IN ARTICLE THIRTEEN OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE GUARANTORS TO ALL SENIOR GUARANTOR INDEBTEDNESS; THE GUARANTEE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET
FORTH IN ARTICLE THIRTEEN OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE GUARANTORS TO ALL SENIOR GUARANTOR INDEBTEDNESS; AND EACH HOLDER HEREOF BY ITS ACCEPTANCE HEREOF, SHALL BE BOUND BY THE PROVISIONS OF THE SUBORDINATION AS
SET FORTH IN SAID ARTICLE THIRTEEN AND ARTICLE FOURTEEN OF THE INDENTURE.&#148; </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 49 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">7.0% SENIOR SUBORDINATED NOTE DUE 2022, SERIES B </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">CUSIP NO.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">No. <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc., a Delaware corporation (herein called the &#147;Company,&#148; which term
includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> pay to <U></U>or registered assigns, the principal sum
of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>United States dollars on July&nbsp;15, 2022, at the office or agency of the Company referred to below, and to pay
interest thereon from July&nbsp;2, 2012, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on January&nbsp;15 and July&nbsp;15 in each year, commencing January&nbsp;15, 2013 at the rate
of 7.000%&nbsp;per annum, in United States dollars, until the principal hereof is paid or duly provided for; <I>provided </I>that to the extent interest has not been paid or duly provided for with respect to the Series A Security exchanged for this
Series B Security, interest on this Series B Security shall accrue from the most recent Interest Payment Date to which interest on the Series A Security which was exchanged for this Series B Security has been paid or duly provided for, or if no
interest has been paid on the Series A Security, it shall accrue interest from July&nbsp;2, 2012 with respect to Series A Securities exchanged for Series&nbsp;B Securities. Interest shall be computed on the basis of a 360-day year comprised of
twelve 30-day months. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Series B Security was issued pursuant to the Exchange Offer pursuant to which the 7.0% Senior
Subordinated Notes due 2022, Series A and related Guarantees (herein called the &#147;Series A Securities&#148;) in like principal amount were exchanged for the Series B Securities and related Guarantees. The Series B Securities rank <I>pari
passu</I> in right of payment with the Series A Securities and will be treated as one class with the Series A Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In
addition, for any period in which a Series A Security exchanged for this Series B Security was outstanding, in the event that (a)&nbsp;the Exchange Offer Registration Statement is not filed with the Commission within the time prescribed under the
Registration Rights Agreement following the date of original issue of the Series A Securities, (b)&nbsp;the Exchange Offer Registration Statement has not been declared effective within the time prescribed under the Registration Rights Agreement
following the date of original issue of the Series A Securities, (c)&nbsp;the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective, in either case, within the time prescribed under the Registration Rights
Agreement following the date of original issue </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 50 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
of the Series A Securities or (d)&nbsp;the Shelf Registration Statement is declared effective but shall thereafter become unusable for more than the time allowed under the Registration Rights
Agreement (each such event referred to in clauses (a)&nbsp;through (d)&nbsp;above, a &#147;Registration Default&#148;), the interest rate borne by the Series A Securities shall be increased by the amount stated under the Registration Rights
Agreement. The Shelf Registration Statement will be required to remain effective until the time stated under the Registration Rights Agreement. Following the cure of all Registration Defaults, the accrual of additional interest will cease and the
interest rate will revert to the original rate; <I>provided </I>that, to the extent interest at such increased interest rate has been paid or duly provided for with respect to the Series A Security, interest at such increased interest rate, if any,
on this Series B Security, if not previously paid on the Series A Security, shall accrue from the most recent Interest Payment Date to which such interest on the Series A Security has been paid or duly provided for; <I>provided, however,</I> that,
if after any such reduction in interest rate, a different event specified in clause (a), (b), (c)&nbsp;or (d)&nbsp;above occurs, the interest rate shall again be increased pursuant to the foregoing provisions. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be
paid to the Person in whose name this Security (or any Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the January&nbsp;1 or July&nbsp;1 (whether or not a Business Day), as
the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid, or duly provided for, and interest on such defaulted interest at the interest rate borne by the Series B Securities, to the extent lawful, shall
forthwith cease to be payable to the Holder on such Regular Record Date, and may either be paid to the Person in whose name this Security (or any Predecessor Securities) is registered at the close of business on a Special Record Date for the payment
of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than 10&nbsp;days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Payment of the principal of, premium, if any, and interest on, this Security, and exchange or transfer of the Security, will be made at
the office or agency of the Company in The City of New York maintained for such purpose (which initially will be a corporate trust office of the Trustee located at 100 Wall Street, Suite 1600, New York, New York, 10005, or at such other office or
agency as may be maintained for such purpose, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; <I>provided</I>,<I> however</I>, that payment of interest may
be made at the option of the Company by check mailed to the address of the Person entitled thereto as such address shall appear on the Security Register. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 51 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Reference is hereby made to the further provisions of this Security set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This
Security is entitled to the benefits of the Guarantees by the Guarantors of the punctual payment when due and performance of the Indenture Obligations made in favor of the Trustee for the benefit of the Holders. Reference is made to Article Thirteen
of the Indenture for a statement of the respective rights, limitations of rights, duties and obligations under the Guarantees of the Guarantors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Unless the certificate of authentication hereon has been duly executed by the Trustee referred to on the reverse hereof or by the authenticating agent appointed as provided in the Indenture by manual
signature of an authorized signer, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by the manual or facsimile signature of its authorized officers. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 52 -
</FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">TRUSTEE&#146;S CERTIFICATE OF AUTHENTICATION </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This is one of the 7.0% Senior Subordinated Notes due 2022, Series B referred to in the within-mentioned Indenture. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">U.S. Bank National Association,</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Trustee</FONT></P></TD></TR>
<TR>
<TD HEIGHT="49"></TD>
<TD HEIGHT="49" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Authorized Signer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">OPTION OF HOLDER TO ELECT PURCHASE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If you wish to have this Security purchased by the Company pursuant to Section&nbsp;1012 or Section&nbsp;1014, as applicable, of the Indenture, check the Box:
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 53 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If you wish to have a portion of this Security purchased by the Company pursuant to
Section&nbsp;1012 or Section&nbsp;1014 as applicable, of the Indenture, state the amount (in original principal amount): </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">$
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Date:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Your&nbsp;Signature:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Sign exactly as your name appears on the other side of this Security) </FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Signature Guarantee:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Signature must be guaranteed by an eligible Guarantor Institution
(banks, stock brokers, savings and loan associations and credit unions) with membership in an approved guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15] </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;203. <U>Form of Reverse of Securities</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The form of the reverse of the Series A Securities shall be substantially as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">7.0% Senior Subordinated Note due 2022, Series A </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Security is one of a duly
authorized issue of Securities of the Company designated as its 7.0% Senior Subordinated Notes due 2022, Series A (herein called the &#147;Securities&#148;), issued under and subject to the terms of an indenture (herein called the
&#147;Indenture&#148;) dated as of July&nbsp;2, 2012, among the Company, the Guarantors and U.S. Bank National Association, as trustee (herein called the &#147;Trustee,&#148; which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of
the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 54 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may, from time to time, without notice to or the consent of the Holders of the
Securities, create and issue Additional Securities under the Indenture ranking equally with the Securities in all respects, subject to the limitations described in Section&nbsp;1008 of the Indenture. The terms of the Securities and any Additional
Securities may have additional issuance dates and dates from which interest accrues and be subject to different registration rights and shall be part of the same series. The total amount of the Securities which may be issued under the Indenture is
unlimited. Such Additional Securities will be consolidated and form a single series with the Securities, vote together with the Securities and have the same terms as to status, redemption or otherwise as the Securities. References to the Securities
under the Indenture include these Additional Securities if they are in the same series, unless the context requires otherwise. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities are subject to redemption at any time on or after July&nbsp;15, 2017, at the option of the Company, in whole or in part,
on not less than 30 nor more than 60 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 12-month period
beginning July&nbsp;15 of the years indicated below: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:23pt"><FONT STYLE="font-family:Times New Roman" SIZE="3">Year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">Redemption</FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="3">Price</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2017</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">103.500%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2018</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">102.333%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2019</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">101.167%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2020</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">100.000%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">In addition, at any time and from time to time on or prior to July&nbsp;15, 2015, the Company may redeem up to an aggregate of 35% of the aggregate principal amount of the Securities issued under the
Indenture at a redemption price equal to 107.0% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the redemption date with Net Cash Proceeds from the issuance of any Qualified Capital Stock,
provided that </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="20%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">at least 65% of the aggregate principal amount of the Securities issued under the Indenture must remain outstanding immediately after any such
redemption; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">the redemption must occur no later than 60 days after such issuance and sale of Qualified Capital Stock. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At any time and from time to time on or prior to July&nbsp;15, 2017, the Company may redeem all or a part of the Securities, upon not
less than 15 nor more than 60 days&#146; notice, at a Redemption Price equal to 100% of the principal amount of the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 55 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Securities 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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities are subject to a mandatory redemption (the &#147;Special
Mandatory Redemption&#148;) in the event that the exchange offer for the 5.0% Securities for at least $80.0 million aggregate principal amount (the &#147;5.0% Securities Exchange Offer&#148;) has not been completed on or prior to October&nbsp;23,
2012 or such earlier date as the Company may, in its discretion, terminate the 5.0% Securities Exchange Offer (&#147;the 5.0% Securities Exchange Offer Termination Date&#148;). The Company shall cause the notice of Special Mandatory Redemption to be
mailed not later than the next Business Day following the 5.0% Securities Exchange Offer Termination Date. The Company shall establish a date and time to redeem the Securities but in no event shall such date be later than five Business Days
following the date of the notice of Special Mandatory Redemption. The redemption price for the Special Mandatory Redemption shall be 100% of the Issue Price, plus accrued and unpaid interest from the Issue Date up to but excluding, the date of the
Special Mandatory Redemption. The Company may deliver a notice to consummate the Special Mandatory Redemption at any time prior to the 5.0% Securities Exchange Offer Termination Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If less than all of the Securities are to be redeemed, the Trustee shall select the Securities or portions thereof to be redeemed in
compliance with the requirements of the principal national security exchange, if any, on which the Securities are listed, or if the Securities 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 Securities redeemed in part shall be redeemed only in integral multiples of $1,000 (subject to the procedures of The Depository Trust Company or any other Depositary). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the occurrence of a Change of Control, each Holder may require the Company to purchase such Holder&#146;s Securities in whole or in
part in amounts of $1,000 or an integral multiple thereof, at a purchase price in cash in an amount equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase, pursuant to a Change of
Control Offer in accordance with the procedures set forth in the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Under certain circumstances described more
specifically in the Indenture, in the event the Net Cash Proceeds received by the Company from any Asset Sale, which proceeds are not used to repay permanently any Senior Indebtedness or Senior Guarantor Indebtedness or invested in Replacement
Assets or exceeds a specified amount, the Company will be required to apply such proceeds to the repayment of the Securities and certain Indebtedness ranking <I>pari passu </I>in right of payment to the Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 56 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the case of any redemption or repurchase of Securities in accordance with the Indenture,
interest installments whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities of record as of the close of business on the relevant Regular Record Date or Special Record Date referred to on the
face hereof. Securities (or portions thereof) for whose redemption and payment provision is made in accordance with the Indenture shall cease to bear interest from and after the Redemption Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of redemption or repurchase of this Security in accordance with the Indenture in part only, a new Security or Securities
for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If an Event
of Default shall occur and be continuing, the principal amount of all the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Indenture contains provisions for defeasance at any time of (a)&nbsp;the entire Indebtedness on the Securities and (b)&nbsp;certain
restrictive covenants and related Defaults and Events of Default, in each case upon compliance with certain conditions set forth therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Indenture permits, with certain exceptions (including certain amendments permitted without the consent of any Holders and certain amendments which require the consent of all the Holders) as therein
provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantors and the rights of the Holders under the Indenture and the Securities and the Guarantees at any time by the Company and the Trustee
with the consent of the Holders of at least a majority in aggregate principal amount of the Securities at the time Outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Securities). The
Indenture also contains provisions permitting the Holders of at least a majority in aggregate principal amount of the Securities (100% of the Holders in certain circumstances) at the time Outstanding, on behalf of the Holders of all the Securities,
to waive compliance by the Company and the Guarantors with certain provisions of the Indenture and the Securities and the Guarantees and certain past Defaults under the Indenture and the Securities and the Guarantees and their consequences. Any such
consent or waiver by or on behalf of the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof whether or not notation of such consent or waiver is made upon this Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, any Guarantor or any other obligor on the Securities (in the event such Guarantor or such other obligor is obligated to make
payments in respect of the Securities), which is absolute and unconditional, to pay the principal of, premium, if any, and interest on, this Security at the times, place, and rate, and in the coin or currency, herein prescribed. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 57 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in the Borough of Manhattan, The City of New York, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon one or more new Securities, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Certificated securities shall be transferred to all beneficial holders in exchange for their beneficial interests in the Rule&nbsp;144A
Global Securities or the Regulation&nbsp;S Global Securities, if any, if (x)&nbsp;the Depositary (A)&nbsp;notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or (B)&nbsp;ceases to be a clearing
agency registered as such under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 90&nbsp;days or (y)&nbsp;there shall have occurred and be continuing an Event of Default and the Security Registrar
has received a request from the Depositary. Upon any such issuance, the Trustee is required to register such certificated Securities in the name of, and cause the same to be delivered to, such Person or Persons (or the nominee of any thereof). All
such certificated Securities would be required to include the Private Placement Legend unless the legend is not required by applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Securities in certificated form are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000. As provided in the Indenture and subject to certain
limitations therein set forth, the Securities are exchangeable for a like aggregate principal amount of Securities of a differing authorized denomination, as requested by the Holder surrendering the same. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At any time when the Company is not subject to Sections 13 or 15(d) of the Exchange Act, upon the written request of a Holder of a
Series A Security, the Company will promptly furnish or cause to be furnished such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act (or any successor provision thereto) to such Holder or to a prospective purchaser of
such Security who such Holder informs the Company is reasonably believed to be a &#147;Qualified Institutional Buyer&#148; within the meaning of Rule 144A under the Securities Act, as the case may be, in order to permit compliance by such Holder
with Rule&nbsp;144A under the Securities Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No service charge shall be made for any registration of transfer or exchange
of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 58 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Prior to due presentment of this Security for registration of transfer, the Company, any
Guarantor, the Trustee and any agent of the Company, any Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Company,
any Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THIS SECURITY SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">All terms used in this Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">[The Transferee Certificate, in the form of Appendix I hereto, will be attached to the Series A Security.] </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The form of the reverse of the Series B Securities shall be substantially as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">Sonic Automotive, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">7.0% Senior Subordinated Note due 2022, Series B </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Security is one of a duly
authorized issue of Securities of the Company designated as its 7.0% Senior Subordinated Notes due 2022, Series B (herein called the &#147;Securities&#148;), issued under and subject to the terms of an indenture (herein called the
&#147;Indenture&#148;) dated as of July&nbsp;2, 2012 among the Company, the Guarantors and U.S. Bank National Association, as trustee (herein called the &#147;Trustee,&#148; which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of
the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may,
from time to time, without notice to or the consent of the Holders of the Securities, create and issue Additional Securities under the Indenture ranking equally with the Securities in all respects, subject to the limitations described in
Section&nbsp;1008 of the Indenture. The terms of the Securities and any Additional Securities may have additional issuance dates and dates from which interest accrues and be subject to different registration rights and shall be part of the same
series. The total amount of the Securities which may be issued under the Indenture is unlimited. Such Additional Securities will be consolidated and form a single series with the Securities, vote together with the Securities and have the same terms
as to status, redemption or otherwise as the Securities. References to the Securities under the Indenture include these Additional Securities if they are in the same series, unless the context requires otherwise. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 59 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Series B Securities are subject to redemption at any time on or after July&nbsp;15,
2017, at the option of the Company, in whole or in part, on not less than 30 nor more than 60 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 12-month period beginning July&nbsp;15 of the years indicated below: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:23pt"><FONT STYLE="font-family:Times New Roman" SIZE="3">Year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">Redemption</FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="3">Price</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2017</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">103.500%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2018</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">102.333%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2019</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">101.167%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">2020</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">100.000%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">In addition, at any time and from time to time on or prior to July&nbsp;15, 2015, the Company may redeem up to an aggregate of 35% of the aggregate principal amount of the Securities issued under the
Indenture at a redemption price equal to 107.0% of the aggregate principal amount of the Securities redeemed, plus accrued and unpaid interest, if any, to the redemption date with Net Cash Proceeds from the issuance of any Qualified Capital Stock,
provided that </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">at least 65% of the aggregate principal amount of the Securities issued under the Indenture must remain outstanding immediately after any such
redemption; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">the redemption must occur no later than 60 days after such issuance and sale of Qualified Capital Stock. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At any time and from time to time on or prior to July&nbsp;15, 2017, the Company may redeem all or a part of the Securities, upon not
less than 15 nor more than 60 days&#146; notice, at a Redemption Price equal to 100% of the principal amount of the Securities 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). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The
Securities are subject to a mandatory redemption (the &#147;Special Mandatory Redemption&#148;) in the event that the exchange offer for the 5.0% Securities for at least $80.0 million aggregate principal amount (the &#147;5.0% Securities Exchange
Offer&#148;) has not been completed on or prior to October&nbsp;23, 2012 or such earlier date as the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 60 -
</FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Company may, in its discretion, terminate the 5.0% Securities Exchange Offer (&#147;the 5.0% Securities Exchange Offer Termination Date&#148;). The Company shall cause the notice of Special
Mandatory Redemption to be mailed not later than the next Business Day following the 5.0% Securities Exchange Offer Termination Date. The Company shall establish a date and time to redeem the Securities but in no event shall such date be later than
five Business Days following the date of the notice of Special Mandatory Redemption. The redemption price for the Special Mandatory Redemption shall be 100% of the Issue Price, plus accrued and unpaid interest from the Issue Date up to but
excluding, the date of the Special Mandatory Redemption. The Company may deliver a notice to consummate the Special Mandatory Redemption at any time prior to the 5.0% Securities Exchange Offer Termination Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If less than all of the Securities are to be redeemed, the Trustee shall select the Securities or portions thereof to be redeemed in
compliance with the requirements of the principal national security exchange, if any, on which the Securities are listed or, if the Securities are so not 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the occurrence of a Change of Control, each Holder may require the Company to
purchase such Holder&#146;s Securities in whole or in part in amounts of $1,000 or an integral multiple thereof, at a purchase price in cash in an amount equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if
any, to the date of purchase, pursuant to Change of Control Offer and in accordance with the procedures set forth in the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Under certain circumstances described more specifically in the Indenture, in the event the Net Cash Proceeds received by the Company from any Asset Sale, which proceeds are not used to repay permanently
any Senior Indebtedness or Senior Guarantor Indebtedness or invested in Replacement Assets or exceeds a specified amount, the Company will be required to apply such proceeds to the repayment of the Securities and certain Indebtedness ranking <I>pari
passu </I>in right of payment to the Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the case of any redemption or repurchase of Securities in accordance
with the Indenture, interest installments whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities of record as of the close of business on the relevant Regular Record Date or Special Record Date
referred to on the face hereof. Securities (or portions thereof) for whose redemption and payment provision is made in accordance with the Indenture shall cease to bear interest from and after the Redemption Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of redemption or repurchase of this Security in accordance with the Indenture in part only, a new Security or Securities
for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 61 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If an Event of Default shall occur and be continuing, the principal amount of all the
Securities may be declared due and payable in the manner and with the effect provided in the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Indenture
contains provisions for defeasance at any time of (a)&nbsp;the entire Indebtedness on the Securities and (b)&nbsp;certain restrictive covenants and related Defaults and Events of Default, in each case upon compliance with certain conditions set
forth therein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Indenture permits, with certain exceptions (including certain amendments permitted without the consent of
any Holders and certain amendments which required the consent of all of the Holders) as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantors and the rights of the Holders under
the Indenture and the Securities and the Guarantees at any time by the Company and the Trustee with the consent of the Holders of at least a majority in aggregate principal amount of the Securities at the time Outstanding (including consents
obtained in connection with a purchase of, or tender offer or exchange offer for, the Securities). The Indenture also contains provisions permitting the Holders of at least a majority in aggregate principal amount of the Securities (100% of the
Holders in certain circumstances) at the time Outstanding, on behalf of the Holders of all the Securities, to waive compliance by the Company and the Guarantors with certain provisions of the Indenture and the Securities and the Guarantees and
certain past Defaults under the Indenture and the Securities and the Guarantees and their consequences. Any such consent or waiver by or on behalf of the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Security. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, any Guarantor or any other obligor on the Securities (in the event such Guarantor or such other obligor is obligated to make payments in respect of the Securities), which is absolute and unconditional, to pay the principal of, and premium,
if any, and interest on, this Security at the times, place, and rate, and in the coin or currency, herein prescribed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the
Company in the Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or its attorney duly
authorized in writing, and thereupon one or more new Securities, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 62 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Certificated securities shall be transferred to all beneficial holders in exchange for
their beneficial interests in the Rule&nbsp;144A Global Securities or the Regulation&nbsp;S Global Securities if (x)&nbsp;the Depositary (A)&nbsp;notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security
or (B)&nbsp;ceases to be a clearing agency registered as such under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 90&nbsp;days or (y)&nbsp;there shall have occurred and be continuing an Event of
Default and the Security Registrar has received a request from the Depositary. Upon any such issuance, the Trustee is required to register such certificated Securities in the name of, and cause the same to be delivered to, such Person or Persons (or
the nominee of any thereof). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Securities in certificated form are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000. As provided in the Indenture and subject to certain limitations therein set forth, the Securities are exchangeable for a like aggregate principal amount of Securities of a differing
authorized denomination, as requested by the Holder surrendering the same. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No service charge shall be made for any
registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Prior to due presentment of this Security for registration of transfer, the Company, any Guarantor, the Trustee and any agent of the
Company, any Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Company, any Guarantor, the Trustee nor any such
agent shall be affected by notice to the contrary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All terms used in this
Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">[The Transferee Certificate, in the form of Appendix II hereto, will be attached to the Series B Security.] </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 63 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;204. <U>Form of Guarantee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The form of Guarantee shall be set forth on the Securities substantially as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">GUARANTEE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For
value received, each of the undersigned hereby absolutely, fully and unconditionally and irrevocably guarantees, jointly and severally with each other Guarantor, to the holder of this Security the payment of principal of, premium, if any, and
interest on this Security upon which these Guarantees are endorsed in the amounts and at the time when due and payable whether by declaration thereof, or otherwise, and interest on the overdue principal and interest, if any, of this Security, if
lawful, and the payment or performance of all other obligations of the Company under the Indenture or the Securities, to the holder of this Security and the Trustee, all in accordance with and subject to the terms and limitations of this Security
and Article Thirteen of the Indenture. These Guarantees shall be subordinate in the manner and to the extent set forth in Article Thirteen of the Indenture to all Senior Guarantor Indebtedness. These Guarantees will not become effective until the
Trustee duly executes the certificate of authentication on this Security. These Guarantees shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of law principles thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADI OF THE SOUTHEAST
LLC (a South Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ANTREV, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ARNGAR, INC. (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">AUTOBAHN, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">AVALON FORD, INC. (a Delaware
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">CASA FORD OF HOUSTON, INC. (a Texas corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">CORNERSTONE ACCEPTANCE CORPORATION (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA AUTO FACTORY, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA BEVERLY HILLS, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL F, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL N, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD N, INC. (a California
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD T, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN N, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN VWD, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA HOLDING CORP. (a California
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA LAS VEGAS H, INC. (a Nevada corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN F, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN LR, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY G, INC. (a California
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY H, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY T, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA SAN BRUNO, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SANTA MONICA V, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE L, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA STEVENS CREEK, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA TORRANCE CPJ, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FIRSTAMERICA AUTOMOTIVE, INC. (a Delaware corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FORT MILL FORD, INC. (a South Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FORT MYERS COLLISION CENTER,
LLC (a Florida limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 64 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRANCISCAN MOTORS, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRANK PARRA AUTOPLEX, INC. (a Texas corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FRONTIER OLDSMOBILE &#150; CADILLAC, INC. (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">HMC
FINANCE ALABAMA, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">KRAMER MOTORS INCORPORATED (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">L DEALERSHIP GROUP, INC. (a Texas corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">MARCUS DAVID CORPORATION (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a
Tennessee corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a Texas corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MOUNTAIN STATES MOTORS CO., INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ROYAL MOTOR COMPANY, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC1, INC. (an Alabama
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC2, INC. (an Alabama corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI IRONDALE L, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ANN ARBOR IMPORTS, LLC (a Michigan limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ATLANTA B, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI BEVERLY HILLS INFINITI, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI BROKEN ARROW C,
LLC (an Oklahoma limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI CHARLOTTE M, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS MOTORS, LLC (an Ohio limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS VWK, LLC (an Ohio limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC1, INC. (a
Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC2, INC. (a Florida corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI CLEARWATER T, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC3, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC4, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC5, INC. (a Florida
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC6, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC7, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS B, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS H,
LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS M, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS VW, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI IRONDALE IMPORTS, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI LANSING CH,
LLC (a Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI LONG BEACH B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MD HC1, INC. (a Maryland corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI ROCKVILLE L, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONROVIA B, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY B, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY BCH,
LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY CH, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE CSH, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE H, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE M,
LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE MOTORS, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NC HC2, INC. (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI OH HC1, INC. (an Ohio corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OK HC1, INC. (an Oklahoma
corporation), on behalf of itself and as sole member of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI OKLAHOMA CITY C, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI OKLAHOMA CITY T, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAI TULSA T, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY H, LLC (an Oklahoma limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 65 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ORLANDO CS, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI PEACHTREE, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI PLYMOUTH C, LLC (a Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI RIVERSIDE C, LLC
(an Oklahoma limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ROCKVILLE IMPORTS, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI SANTA CLARA K, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC1, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC2, LLC (a
Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC3, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TULSA N, LLC (an Oklahoma limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI VA HC1, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SANTA CLARA IMPORTED CARS, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AGENCY, INC. (a Michigan corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE F&amp;I, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF NASHVILLE, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF NEVADA, INC. (a Nevada corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GEORGIA, LLC (a Georgia limited liability company), on behalf of itself and as general partner of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GA HC1, LP (a Georgia limited partnership), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:24%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI STONE MOUNTAIN T, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC PEACHTREE INDUSTRIAL BLVD., L.P. (a Georgia limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC
&#150; STONE MOUNTAIN T, L.P. (a Georgia limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 1, L.P. (a Georgia limited partnership)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 2, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:19%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 3, L.P. (a Georgia limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE SUPPORT, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC
AUTOMOTIVE WEST, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1495 AUTOMALL DRIVE, COLUMBUS, INC. (an
Ohio corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2424 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 2490 SOUTH LEE HIGHWAY, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2752 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3700 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4000 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 5260 PEACHTREE INDUSTRIAL BLVD., LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 6008 N. DALE MABRY, FL, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 9103 E. INDEPENDENCE, NC, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC 2185 CHAPMAN RD., CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; BUENA PARK H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS A, INC. (a California corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 66 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC CALABASAS M, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS V, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAPITOL CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
CAPITOL IMPORTS, INC. (a South Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON F, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON LM, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CHATTANOOGA D EAST, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC COAST CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER T, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER
VOLKSWAGEN, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DEVELOPMENT, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DIVISIONAL OPERATIONS, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DOWNEY CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; ENGLEWOOD M, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC ESTORE, INC. (a
North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL CHRYSLER JEEP, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC FREMONT, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; HARBOR CITY H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
INTEGRITY DODGE LV, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS, LLC (a Delaware limited liability company), on
behalf of itself and as general partner of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS CHEVROLET, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAKE NORMAN CHRYSLER JEEP, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C EAST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C WEST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LLOYD NISSAN, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LLOYD PONTIAC &#150; CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC
&#150; LONE TREE CADILLAC, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MANHATTAN FAIRFAX, INC. (a Virginia corporation)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY CHEVROLET, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY PONTIAC BUICK GMC, INC. (a Colorado corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME CHEVROLET WORLD, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME OF FLORENCE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH CHARLESTON, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH CHARLESTON DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC OF TEXAS, INC. (a Texas corporation), on behalf of itself and as general partner of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHILPOTT MOTORS, LTD. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC ADVANTAGE PA, LP (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF TEXAS,
L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3401 N. MAIN, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4701 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 5221 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CADILLAC D, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAMP FORD, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
CARROLLTON V, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE N, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT WORTH T, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FRANK PARRA AUTOPLEX, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC
HOUSTON JLR, LP (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC HOUSTON LR, LP (a Texas limited partnership) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 67 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; HOUSTON V, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; JERSEY VILLAGE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LUTE RILEY, L. P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY CADILLAC, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
MESQUITE HYUNDAI, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM B, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM JVP, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM VWA, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; READING,
L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RICHARDSON F, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SAM WHITE NISSAN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; UNIVERSITY PARK A, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 1, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 2, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 3, L.P.
(a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 4, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 5, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 6, L.P. (a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 7, L.P.
(a Texas limited partnership) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 8, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC OKEMOS IMPORTS, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; PLYMOUTH CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC RESOURCES,
INC. (a Nevada corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RIVERSIDE AUTO FACTORY, INC. (an Oklahoma corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SANFORD CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA M, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA S, INC.
(a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SATURN OF SILICON VALLEY, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SERRAMONTE I, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SHOTTENKIRK, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SOUTH
CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; STEVENS CREEK B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER H, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER INFINITI, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; VOLVO
LV, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC WALNUT CREEK M, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; WEST COVINA T, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; WILLIAMS CADILLAC, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC WILSHIRE
CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 2, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 3, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 4, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 5, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 1, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 2, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 3, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 4, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 5, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 6, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 7, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 1, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 2, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 3, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 4, LLC (a California limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 68 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 5, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 6, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 7 SCB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 8 SCH, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 9 BHB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 1, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 2, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 3, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 1, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 2, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA
&#150; 3, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA 4, LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE HOLDING, LLC (a North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND &#150; 1, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND
&#150; 2, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MICHIGAN &#150; 3, LLC (a Michigan limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 1, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 2, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 3, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150;
4, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 5, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 1, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 2, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 3, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 1, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 2, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 3, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 4, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 5, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 2, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 3, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 4, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 1, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 2, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 3, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 4, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 5, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 6, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 7, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 8, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 9, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS 9, LLC (a Texas limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA &#150; 1, LLC (a Virginia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA
&#150; 2, LLC (a Virginia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">STEVENS CREEK CADILLAC, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">TOWN AND COUNTRY FORD, INCORPORATED (a North Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">VILLAGE IMPORTED CARS, INC. (a Maryland corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WINDWARD, INC. (a Hawaii corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Z MANAGEMENT, INC. (a Colorado
corporation) </FONT></P> <P STYLE="margin-top:30px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:
<U></U>&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;Name: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;Title: </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 69 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic Automotive, Inc., as sole member of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;ONTARIO L, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:10%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;SAI COLUMBUS T, LLC (an Ohio limited liability company) </FONT></P>
<P STYLE="margin-top:30px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:
<U></U>&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;Name: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;Title: </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE THREE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">THE SECURITIES </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;301. <U>Title and Terms</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The initial aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is $200,000,000 in principal amount of Securities, except for Securities authenticated
and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant to Section&nbsp;303, 304, 305, 306, 307, 308, 906, 1012, 1015, 1108 or otherwise. Notwithstanding the foregoing, the Company may, from time
to time, without notice to or the consent of the Holders of Securities, create and issue Additional Securities under this Indenture ranking equally with the Securities in all respects, subject to the limitations described in Section&nbsp;1008
hereof. The Company may issue Additional Securities as Series A Securities (with or without registration rights) or freely tradable Series B Securities. The terms of the Securities and any Additional Securities may have different issuance dates and
dates from which interest accrues and be subject to different registration rights and shall be part of the same series. The total amount of the Securities which may be issued under this Indenture is unlimited. Such Additional Securities will be
consolidated and form a single series with the Securities, vote together with the Securities and have the same terms as to status, redemption or otherwise as the Securities. References to the Securities under this Indenture include these Additional
Securities if they are in the same series, unless the context requires otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities shall be known and
designated as the &#147;7.0% Senior Subordinated Notes due 2022&#148; of the Company. A separate reference may be made to each series. The Stated Maturity of the Securities shall be July&nbsp;15, 2022, and the Securities shall each bear interest at
the rate of 7.000%&nbsp;per annum, as such interest rate may be adjusted as set forth in the Securities, from July&nbsp;2, 2012, or from the most recent Interest Payment Date to which interest has been paid, payable semiannually on January&nbsp;15
and July&nbsp;15 in each year, commencing as of January&nbsp;15, 2013 until the principal thereof is paid or duly provided for. Interest on any overdue principal, interest (to the extent lawful) or premium, if any, shall be payable on demand.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 70 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The principal of, premium, if any, and interest on, the Securities shall be payable and the
Securities shall be exchangeable and transferable at an office or agency of the Company in The City of New York maintained for such purposes (which initially will be a corporate trust office of the Trustee located at 100 Wall Street, Suite 1600, New
York, New York, 10005); <I>provided</I>,<I> however</I>, that payment of interest may be made at the option of the Company by check mailed to addresses of the Persons entitled thereto as shown on the Security Register. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For all purposes hereunder, the Series A Securities and the Series B Securities will be treated as one class and are together referred
to as the &#147;Securities.&#148; The Series A Securities rank <I>pari passu</I> in right of payment with the Series B Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Securities shall be subject to repurchase by the Company pursuant to an Offer as provided in Section&nbsp;1012. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Holders shall have the right to require the Company to purchase their Securities, in whole or in part, in the event of a Change of Control pursuant to Section&nbsp;1014. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities shall be redeemable as provided in Article Eleven and in the Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Indebtedness evidenced by these Securities shall be subordinated in right of payment to all other Senior Indebtedness. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At the election of the Company, the entire Indebtedness on the Securities or certain of the Company&#146;s obligations and covenants and
certain Events of Default thereunder may be defeased as provided in Article Four. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;302.
<U>Denominations</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities shall be issuable only in fully registered form without coupons and only in
denominations of $2,000 and any integral multiple of $1,000. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;303. <U>Execution, Authentication,
Delivery and Dating.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities shall be executed on behalf of the Company by one of its Chairman of the Board, its
President, its Chief Executive Officer, its Chief Financial Officer or one of its Vice Presidents. The signatures of any of these officers on the Securities may be manual or facsimile. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 71 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Securities bearing the manual or facsimile signatures of individuals who were at any time
the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of
such Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At any time and from time to time after the execution and delivery of this Indenture, the Company may
deliver Securities executed by the Company to the Trustee (with or without Guarantees endorsed thereon) for authentication, together with a Company Order for the authentication and delivery of such Securities; and the Trustee in accordance with such
Company Order shall authenticate and make available for delivery such Securities as provided in this Indenture and not otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Each Security shall be dated the date of its authentication. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No Security or
Guarantee endorsed thereon shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein duly
executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled
to the benefits of this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case the Company or any Guarantor, pursuant to Article Eight, shall, in a single
transaction or through a series of related transactions, be consolidated or merged with or into any other Person or shall sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any
Person, and the successor Person resulting from such consolidation or surviving such merger, or into which the Company or such Guarantor shall have been merged, or the successor Person which shall have participated in the sale, assignment,
conveyance, transfer, lease or other disposition as aforesaid, shall have executed an indenture supplemental hereto with the Trustee pursuant to Article Eight, any of the Securities authenticated or delivered prior to such consolidation, merger,
sale, assignment, conveyance, transfer, lease or other disposition may, from time to time, at the request of the successor Person, be exchanged for other Securities executed in the name of the successor Person with such changes in phraseology and
form as may be appropriate, but otherwise in substance of like tenor as the Securities surrendered for such exchange and of like principal amount; and the Trustee, upon the written request of the successor Person, shall authenticate and deliver
Securities as specified in such request for the purpose of such exchange. If Securities shall at any time be authenticated and delivered in any new name of a successor Person pursuant to this Section&nbsp;303 in exchange or substitution for or upon
registration of transfer of any Securities, such successor Person, at the option of the Holders but without expense to them, shall provide for the exchange of all Securities at the time Outstanding for Securities authenticated and delivered in such
new name. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 72 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities on behalf of the Trustee. Unless limited by the terms of such appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent has the same rights as any Security Registrar or Paying Agent to deal with the Company and its Affiliates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If an officer whose signature is on a Security no longer holds that office at the time the Trustee authenticates such Security such Security shall be valid nevertheless. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;304. <U>Temporary Securities</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Pending the preparation of definitive Securities, the Company may execute, and upon Company Order the Trustee shall authenticate and make available for delivery, temporary Securities which are printed,
lithographed, typewritten or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If temporary Securities are issued, the Company will cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities shall
be exchangeable for definitive Securities upon surrender of the temporary Securities at the office or agency of the Company designated for such purpose pursuant to Section&nbsp;1002, without charge to the Holder. Upon surrender for cancellation of
any one or more temporary Securities, the Company shall execute and the Trustee (in accordance with a Company Order for the authentication of such Securities) shall authenticate and make available for delivery in exchange therefor a like principal
amount of definitive Securities of authorized denominations. Until so exchanged the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;305. <U>Registration, Registration of Transfer and Exchange</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall cause the Trustee to keep, so long as it is the Security Registrar, at the Corporate Trust Office of the Trustee, or
such other office as the Trustee may designate, a register (the register maintained in such office or in any other office or agency designated pursuant to Section&nbsp;1002 being herein sometimes referred to as the &#147;Security Register&#148;) in
which, subject to such reasonable regulations as the Security Registrar may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee shall initially be the &#147;Security Registrar&#148; for
the purpose of registering Securities and transfers of Securities as herein provided. The Company may change the Security Registrar or appoint one or more co-Security Registrars without notice. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 73 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon surrender for registration of transfer of any Security at the office or agency of the
Company designated pursuant to Section&nbsp;1002, the Company shall execute, and the Trustee shall (in accordance with a Company Order for the authentication of such Securities) authenticate and make available for delivery, in the name of the
designated transferee or transferees, one or more new Securities of the same series of any authorized denomination or denominations, of a like aggregate principal amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Furthermore, any Holder of the Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests in such Global Security may be effected only through a book-entry
system maintained by the Holder of such Global Security (or its agent), and that ownership of a beneficial interest in a Security shall be required to be reflected in a book entry. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">At the option of the Holder, Securities may be exchanged for other Securities of any authorized denomination or denominations, of a like
aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall (in accordance with a Company Order for
the authentication of such Securities) authenticate and make available for delivery, Securities of the same series which the Holder making the exchange is entitled to receive; <I>provided</I> that no exchange of Series A Securities for Series B
Securities shall occur until an Exchange Offer Registration Statement shall have been declared effective by the Commission and the Series A Securities exchanged for the Series B Securities shall be canceled. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company,
evidencing the same Indebtedness, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Every Security presented or surrendered for registration of transfer, or for exchange, repurchase or redemption, shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by
a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No service charge shall be made to a Holder for any registration of transfer, exchange or redemption of Securities, except for any tax
or other governmental charge that may be imposed in connection therewith, other than exchanges pursuant to Sections 303, 304, 305, 308, 906, 1012, 1014 or 1108 not involving any transfer. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall not be required (a)&nbsp;to issue, register the transfer of or exchange any Security during a period beginning at the
opening of business 15 days before the mailing of a notice of redemption of the Securities selected for redemption under Section&nbsp;1104 and ending at the close of business on the day of such mailing or (b)&nbsp;to register the transfer of or
exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of Securities being redeemed in part. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 74 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Every Security shall be subject to the restrictions on transfer provided in the legend
required to be set forth on the face of each Security pursuant to Section&nbsp;202, and the restrictions set forth in this Section&nbsp;305, and the Holder of each Security, by such Holder&#146;s acceptance thereof (or interest therein), agrees to
be bound by such restrictions on transfer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Except as provided in the preceding paragraph, any Security authenticated and
delivered upon registration of transfer of, or in exchange for, or in lieu of, any Global Security, whether pursuant to this Section&nbsp;305, Section&nbsp;304, 308, 906 or 1108 or otherwise, shall also be a Global Security and bear the legend
specified in Section&nbsp;202. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;306. <U>Book Entry Provisions for Global Securities</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)&nbsp;Each Global Security initially shall (i)&nbsp;be registered in the name of the Depositary for such Global Security
or the nominee of such Depositary, (ii)&nbsp;be deposited with, or on behalf of, the Depositary or with the Trustee as custodian for such Depositary and (iii)&nbsp;bear legends as set forth in Section&nbsp;202. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Members of, or participants in, the Depositary (&#147;Agent Members&#148;) shall have no rights under this Indenture with respect to any
Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under such Global Security, and the Depositary may be treated by the Company, the Guarantors, the Trustee and any agent of the Company or the Trustee as the
absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Guarantors, the Trustee or any agent of the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depositary or shall impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any Security.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Notwithstanding any other provision in this Indenture, no Global Security may be exchanged in whole or in part for
Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (i)&nbsp;such Depositary (A)&nbsp;has
notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (B)&nbsp;has ceased to be a clearing agency registered as such under the Exchange Act, and in either case the Company fails to appoint a
successor Depositary, (ii)&nbsp;the Company, at its option, executes and delivers to the Trustee a Company Order stating that it elects to cause the issuance of the Securities in certificated form and that all Global Securities shall be exchanged in
whole for Securities that are not Global Securities (in which case such exchange shall be effected by the Trustee) or (iii)&nbsp;there shall have occurred and be continuing an Event of Default or any event which after notice or lapse of time or both
would be an Event of Default with respect to such Global Security. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 75 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) If any Global Security is to be exchanged for other Securities or canceled in whole, it
shall be surrendered by or on behalf of the Depositary or its nominee to the Trustee, as Security Registrar, for exchange or cancellation as provided in this Article Three. If any Global Security is to be exchanged for other Securities or canceled
in part, or if another Security is to be exchanged in whole or in part for a beneficial interest in any Global Security, then either (i)&nbsp;such Global Security shall be so surrendered for exchange or cancellation as provided in this Article Three
or (ii)&nbsp;the principal amount thereof shall be reduced or increased by an amount equal to the portion thereof to be so exchanged or canceled, or equal to the principal amount of such other Security to be so exchanged for a beneficial interest
therein, as the case may be, by means of an appropriate adjustment made on the records of the Trustee, as Security Registrar, whereupon the Trustee, in accordance with the Applicable Procedures, shall instruct the Depositary or its authorized
representative to make a corresponding adjustment to its records. Upon any such surrender or adjustment of a Global Security, the Trustee shall, subject to this Section&nbsp;306(c) and as otherwise provided in this Article Three, authenticate and
deliver any Securities issuable in exchange for such Global Security (or any portion thereof) to or upon the order of, and registered in such names as may be directed by, the Depositary or its authorized representative. Upon the request of the
Trustee in connection with the occurrence of any of the events specified in the preceding paragraph, the Company shall promptly make available to the Trustee a reasonable supply of Securities that are not in the form of Global Securities. The
Trustee shall be entitled to rely upon any order, direction or request of the Depositary or its authorized representative which is given or made pursuant to this Article Three if such order, direction or request is given or made in accordance with
the Applicable Procedures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) Every Security authenticated and delivered upon registration of transfer of, or in exchange
for or in lieu of, a Global Security or any portion thereof, whether pursuant to this Article Three or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name of
a Person other than the Depositary for such Global Security or a nominee thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) The Depositary or its nominee, as
registered owner of a Global Security, shall be the Holder of such Global Security for all purposes under this Indenture and the Securities, and owners of beneficial interests in a Global Security shall hold such interests pursuant to the Applicable
Procedures. Accordingly, any such owner&#146;s beneficial interest in a Global Security will be shown only on, and the transfer of such interest shall be effected only through, records maintained by the Depositary or its nominee or its Agent
Members. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 76 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;307. <U>Special Transfer and Exchange Provisions</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) <U>Certain Transfers and Exchanges</U>. Transfers and exchanges of Securities and beneficial interests in a Global
Security of the kinds specified in this Section&nbsp;307 shall be made only in accordance with this Section&nbsp;307 and subject in each case to the Applicable Procedures. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) <U>Rule 144A Global Security to Regulation&nbsp;S Global Security</U>. If the owner of a beneficial interest in the
Rule 144A Global Security wishes at any time to transfer such interest to a Person who wishes to acquire the same in the form of a beneficial interest in the Regulation&nbsp;S Global Security, such transfer may be effected only in accordance with
the provisions of this paragraph and paragraph (iv)&nbsp;below and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (a)&nbsp;an order given by the Depositary or its authorized representative directing that
a beneficial interest in the Regulation&nbsp;S Global Security in a specified principal amount be credited to a specified Agent Member&#146;s account and that a beneficial interest in the Rule 144A Global Security in an equal principal amount be
debited from another specified Agent Member&#146;s account and (b)&nbsp;a Regulation&nbsp;S Certificate in the form of Exhibit A hereto, satisfactory to the Trustee and duly executed by the owner of such beneficial interest in the Rule 144A Global
Security or his attorney duly authorized in writing, then the Trustee, as Security Registrar but subject to paragraph (iv)&nbsp;below, shall reduce the principal amount of the Rule 144A Global Security and increase the principal amount of the
Regulation&nbsp;S Global Security by such specified principal amount as provided in Section&nbsp;306(c). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) <U>Regulation&nbsp;S Global Security to Rule 144A Global Security</U>. If the owner of a beneficial interest in the
Regulation&nbsp;S Global Security wishes at any time to transfer such interest to a Person who wishes to acquire the same in the form of a beneficial interest in the Rule 144A Global Security, such transfer may be effected only in accordance with
this paragraph (ii)&nbsp;and subject to the Applicable Procedures. Upon receipt by the Trustee, as Security Registrar, of (a)&nbsp;an order given by the Depositary or its authorized representative directing that a beneficial interest in the Rule
144A Global Security in a specified principal amount be credited to a specified Agent Member&#146;s account and that a beneficial interest in the Regulation&nbsp;S Global Security in an equal principal amount be debited from another specified Agent
Member&#146;s account and (b)&nbsp;if such transfer is to occur during the Restricted Period, a Restricted Securities Certificate in the form of Exhibit B hereto, satisfactory to the Trustee and duly executed by the owner of such beneficial interest
in the Regulation&nbsp;S Global Security or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 77 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of the Regulation&nbsp;S Global Security and increase the principal amount of
the Rule 144A Global Security by such specified principal amount as provided in Section&nbsp;306(c). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii)
<U>Exchanges between Global Security and Non-Global Security</U>. A beneficial interest in a Global Security may be exchanged for a Security that is not a Global Security as provided in Section&nbsp;307(b), <U>provided</U> that, if such interest is
a beneficial interest in the Rule 144A Global Security, or if such interest is a beneficial interest in the Regulation&nbsp;S Global Security and such exchange is to occur during the Restricted Period, then such interest shall bear the Private
Placement Legend (subject in each case to Section&nbsp;307(b)). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) <U>Regulation&nbsp;S Global Security to
be Held Through Euroclear or Clearstream during Restricted Period</U>. The Company shall use its best efforts to cause the Depositary to ensure that, until the expiration of the Restricted Period, beneficial interests in the Regulation&nbsp;S Global
Security may be held only in or through accounts maintained at the Depositary by Euroclear or Clearstream (or by Agent Members acting for the account thereof), and no person shall be entitled to effect any transfer or exchange that would result in
any such interest being held otherwise than in or through such an account; <U>provided</U> that this paragraph (iv)&nbsp;shall not prohibit any transfer or exchange of such an interest in accordance with paragraph (ii)&nbsp;above. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) <U>Private Placement Legends</U>. Rule 144A Securities and their Successor Securities and Regulation&nbsp;S Securities and their
Successor Securities shall bear a Private Placement Legend, subject to the following: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) subject to the
following clauses of this Section&nbsp;307(b), a Security or any portion thereof which is exchanged, upon transfer or otherwise, for a Global Security or any portion thereof shall bear the Private Placement Legend borne by such Global Security while
represented thereby; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) subject to the following Clauses of this Section&nbsp;307(b), a new Security which
is not a Global Security and is issued in exchange for another Security (including a Global Security) or any portion thereof, upon transfer or otherwise, shall bear the Private Placement Legend borne by such other Security; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) Series B Securities, and all other Securities sold or otherwise disposed of pursuant to an effective registration
statement under the Securities Act, together with their respective Successor Securities, shall not bear a Private Placement Legend; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 78 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) at any time after the Securities may be freely transferred without
registration under the Securities Act or without being subject to transfer restrictions pursuant to the Securities Act, a new Security which does not bear a Private Placement Legend may be issued in exchange for or in lieu of a Security (other than
a Global Security) or any portion thereof which bears such a legend if the Trustee has received an Unrestricted Securities Certificate substantially in the form of Exhibit C hereto, satisfactory to the Trustee and duly executed by the Holder of such
legended Security or his attorney duly authorized in writing, and after such date and receipt of such certificate, the Trustee shall authenticate and deliver such a new Security in exchange for or in lieu of such other Security as provided in this
Article Three; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v) a new Security which does not bear a Private Placement Legend may be issued in exchange
for or in lieu of a Security (other than a Global Security) or any portion thereof which bears such a legend if, in the Company&#146;s judgment, placing such a legend upon such new Security is not necessary to ensure compliance with the registration
requirements of the Securities Act, and the Trustee, at the direction of the Company, shall authenticate and deliver such a new Security as provided in this Article Three; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(vi) notwithstanding the foregoing provisions of this Section&nbsp;307(b), a Successor Security of a Security that does
not bear a particular form of Private Placement Legend shall not bear such form of legend unless the Company has reasonable cause to believe that such Successor Security is a &#147;restricted security&#148; within the meaning of Rule 144, in which
case the Trustee, at the direction of the Company, shall authenticate and deliver a new Security bearing a Private Placement Legend in exchange for such Successor Security as provided in this Article Three. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">By its acceptance of any Security bearing the Private Placement Legend, each Holder of such a Security acknowledges the restrictions on
transfer of such Security set forth in this Indenture and in the Private Placement Legend and agrees that it will transfer such Security only as provided in this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Security Registrar shall retain copies of all letters, notices and other written communications received pursuant to Section&nbsp;306 or this Section&nbsp;307. The Company shall have the right to
inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Security Registrar. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 79 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event that Regulation S is amended during the term of this Indenture to alter the
applicable holding period, all reference in this Indenture to a holding period for Non-U.S. Persons will be deemed to include such amendment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;308. <U>Mutilated, Destroyed, Lost and Stolen Securities</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If (a)&nbsp;any mutilated Security is surrendered to the Trustee, or (b)&nbsp;the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and
there is delivered to the Company, any Guarantor and the Trustee, such security or indemnity, in each case, as may be required by them to save each of them harmless, then, in the absence of notice to the Company, any Guarantor or the Trustee that
such Security has been acquired by a bona fide purchaser, the Company shall execute and upon a Company Request the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen
Security, a replacement Security of like tenor and principal amount, bearing a number not contemporaneously outstanding and each Guarantor shall execute a replacement Guarantee. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a replacement Security, pay such Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the issuance of any replacement
Securities under this Section, the Company may require the payment of a sum sufficient to pay all documentary, stamp or similar issue or transfer taxes or other governmental charges that may be imposed in relation thereto and any other expenses
(including the fees and expenses of the Trustee) connected therewith. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Every replacement Security and Guarantee issued
pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company and any Guarantor, whether or not the destroyed, lost or stolen Security shall be at any time
enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Securities duly issued hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;309. <U>Payment of Interest; Interest Rights Preserved</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Interest on any Security which is payable, and is punctually paid or duly provided for, on the Stated Maturity of such interest shall be
paid to the Person in whose name the Security (or any Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest payment. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 80 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any interest on any Security which is payable, but is not punctually paid or duly provided
for, on the Stated Maturity of such interest, and interest on such defaulted interest at the then applicable interest rate borne by the Securities, to the extent lawful (such defaulted interest and interest thereon herein collectively called
&#147;Defaulted Interest&#148;), shall forthwith cease to be payable to the Holder on the Regular Record Date; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Subsection (a)&nbsp;or
(b)&nbsp;below: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Securities (or any relevant Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Security and the date (not less than 30 days after such notice) of the proposed payment (the &#147;Special Payment Date&#148;), and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the Special Payment Date, such money when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Subsection provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more
than 15 days and not less than 10 days prior to the date of the Special Payment Date and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company in writing of such
Special Record Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder at
its address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date and Special Payment Date therefor having been so
mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities are registered on such Special Record Date and shall no longer be payable pursuant to the following Subsection (b). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities may be listed, and upon such notice as </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 81 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
may be required by this Indenture not inconsistent with the requirements of such exchange, if, after written notice given by the Company to the Trustee of the proposed payment pursuant to this
Subsection, such payment shall be deemed practicable by the Trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Subject to the foregoing provisions of this
Section&nbsp;309, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;310. <U>CUSIP Numbers</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company in issuing the Securities may use &#147;CUSIP&#148; numbers (if then generally in use), and the Company, or the Trustee on
behalf of the Company, shall use CUSIP numbers in notices of redemption or exchange as a convenience to Holders; <I>provided, however</I>, that any such notice may state that no representation is made as to the correctness of such numbers either as
printed on the Securities or as contained in any notice of redemption or exchange and that reliance may be placed only on the other identification numbers printed on the Securities; and <I>provided further, however</I>, that failure to use CUSIP
numbers in any notice of redemption or exchange shall not affect the validity or sufficiency of such notice. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;311. <U>Persons Deemed Owners</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Prior to due presentment of a Security for registration of transfer, the Company, any Guarantor, the Trustee and any agent of the
Company, any Guarantor or the Trustee may treat the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment of principal of, premium, if any, and (subject to Section&nbsp;309) interest on,
such Security and for all other purposes whatsoever, whether or not such Security is overdue, and neither the Company, any Guarantor, the Trustee nor any agent of the Company, any Guarantor or the Trustee shall be affected by notice to the contrary.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;312. <U>Cancellation</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All Securities surrendered for payment, purchase, redemption, registration of transfer or exchange shall be delivered to the Trustee
and, if not already canceled, shall be promptly canceled by it. The Company and any Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company or such Guarantor
may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section&nbsp;312,
except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be returned to the Company. The Trustee shall provide the Company a list of all Securities that have been canceled from time to time as requested by
the Company. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 82
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;313. <U>Computation of Interest</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Interest on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE FOUR </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">DEFEASANCE AND COVENANT DEFEASANCE </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;401. <U>Company&#146;s Option to Effect Defeasance or Covenant Defeasance</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section&nbsp;402
or Section&nbsp;403 be applied to all of the Outstanding Securities (the &#147;Defeased Securities&#148;), upon compliance with the conditions set forth below in this Article Four. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;402. <U>Defeasance and Discharge</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the Company&#146;s exercise under Section&nbsp;401 of the option applicable to this Section&nbsp;402, the Company, each Guarantor
and any other obligor upon the Securities, if any, shall be deemed to have been discharged from its obligations with respect to the Defeased Securities on the date the conditions set forth in Section&nbsp;404 below are satisfied (hereinafter,
&#147;defeasance&#148;). For this purpose, such defeasance means that the Company, each Guarantor and any other obligor under this Indenture shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Securities,
which shall thereafter be deemed to be &#147;Outstanding&#148; only for the purposes of Section&nbsp;405 and the other Sections of this Indenture referred to in (a)&nbsp;and (b)&nbsp;below, and to have satisfied all its other obligations under such
Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging the same), except for the following which shall survive
until otherwise terminated or discharged hereunder: (a)&nbsp;the rights of Holders of Defeased Securities to receive, solely from the trust fund described in Section&nbsp;404 and as more fully set forth in such Section, payments in respect of the
principal of, premium, if any, and interest on, such Securities, when such payments are due, (b)&nbsp;the Company&#146;s obligations with respect to such Defeased Securities under Sections 304, 305, 308, 1002 and 1003, (c)&nbsp;the rights, powers,
trusts, duties and immunities of the Trustee hereunder, including, without limitation, the Trustee&#146;s rights under Section&nbsp;607, and (d)&nbsp;this Article Four. Subject to compliance with this Article Four, the Company may exercise its
option under this Section&nbsp;402 notwithstanding the prior exercise of its option under Section&nbsp;403 with respect to the Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 83 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;403. <U>Covenant Defeasance</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the Company&#146;s exercise under Section&nbsp;401 of the option applicable to this Section&nbsp;403, the Company and each
Guarantor shall be released from its obligations under any covenant or provision contained or referred to in Sections 1005 through 1020, inclusive, and the provisions of clause (iii)&nbsp;of Section&nbsp;801(a), with respect to the Defeased
Securities, on and after the date the conditions set forth in Section&nbsp;404 below are satisfied (hereinafter, &#147;covenant defeasance&#148;), and the Defeased Securities shall thereafter be deemed to be not &#147;Outstanding&#148; for the
purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed &#147;Outstanding&#148; for all other purposes hereunder. For this
purpose, such covenant defeasance means that, with respect to the Defeased Securities, the Company and each Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section,
whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document and such omission to comply shall not constitute
a Default or an Event of Default under Section&nbsp;501(c), (d)&nbsp;or (f)&nbsp;but, except as specified above, the remainder of this Indenture and such Defeased Securities shall be unaffected thereby. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;404. <U>Conditions to Defeasance or Covenant Defeasance</U>. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The following shall be the conditions to application of either Section&nbsp;402 or Section&nbsp;403 to the Defeased Securities:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee as trust funds in trust for the
purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (a)&nbsp;cash in United States dollars, (b)&nbsp;U.S. Government Obligations, or (c)&nbsp;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 expressed in a written certification thereof delivered to
the Trustee, to pay and discharge, and which shall be applied by the Trustee to pay and discharge, the principal of, premium, if any, and interest on, the Defeased Securities, on the Stated Maturity of such principal or interest (or on any date
after July&nbsp;15, 2017 (such date being referred to as the &#147;Defeasance Redemption Date&#148;) if at or prior to electing to exercise either its option applicable to Section&nbsp;402 or its option applicable to Section&nbsp;403, the Company
has delivered to the Trustee an irrevocable notice to redeem the Defeased Securities on the Defeasance Redemption Date). For this purpose, &#147;U.S. Government Obligations&#148; means securities that are (i)&nbsp;direct obligations of the United
States of </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 84 -
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America for the timely payment of which its full faith and credit is pledged or (ii)&nbsp;obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the
United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof, and
shall also include a Depositary receipt issued by a bank (as defined in Section&nbsp;3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligation or a specific payment of principal of or interest on any such U.S.
Government Obligation held by such custodian for the account of the holder of such Depositary receipt, <I>provided </I>that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of
such Depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such Depositary receipt; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) In the case of an election under Section&nbsp;402, the Company shall have delivered to the Trustee an Opinion of Independent Counsel
in the United States stating that (A)&nbsp;the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B)&nbsp;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 and beneficial owners of the Outstanding Securities 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; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(3) In the case of an election under Section&nbsp;403, the Company shall have delivered to the Trustee an Opinion of Independent Counsel
in the United States to the effect that the Holders and beneficial owners of the Outstanding Securities 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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(4) No Default or Event of Default shall have occurred and be continuing on the date of such deposit or insofar as Section&nbsp;501(g) or (h)&nbsp;is concerned, at any time during the period ending on the
91st day after the date of deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period) (other 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); </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 85 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(5) Such defeasance or covenant defeasance shall not cause the Trustee for the Securities
to have a conflicting interest in violation of and for purposes of the Trust Indenture Act with respect to any other securities of the Company or any Guarantor; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(6) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a Default under, this 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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(7) 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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(8) The Company shall have delivered to the Trustee an Opinion of Independent Counsel in the United States to
the effect that (assuming that no Holder of any Securities 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 91</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> day following the deposit) after the
91st&nbsp;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; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(9) 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 Securities 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;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(10) 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 Securities on the date of such deposit or at any time ending on the 91st&nbsp;day after the date of such deposit; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(11) The Company shall 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 under Section&nbsp;402 or the covenant defeasance under Section&nbsp;403 (as the case may be) have been complied with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Opinions of Counsel or Opinions of Independent Counsel required to be delivered under this Section shall be in form and substance reasonably satisfactory to the Trustee may have qualifications customary
for opinions of the type required and counsel delivering such opinions may rely on certificates of the Company or government or other officials customary for opinions of the type required, which certificates shall be limited as to matters of fact,
including that various financial covenants have been complied with. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 86 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;405. <U>Deposited Money and U.S. Government Obligations to Be
Held in Trust; Other Miscellaneous Provisions</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Subject to the provisions of the last paragraph of Section&nbsp;1003, all
United States dollars and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to Section&nbsp;404 in respect of the Defeased Securities shall be held in trust and applied by the Trustee, in accordance
with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (excluding the Company or any of its Affiliates acting as Paying Agent), as the Trustee may determine, to the Holders of such
Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section&nbsp;404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is imposed, assessed or for the account of the Holders of the Defeased Securities.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Anything in this Article Four to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to
time upon Company Request any United States dollars or U.S. Government Obligations held by it as provided in Section&nbsp;404 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect defeasance or covenant defeasance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;406. <U>Reinstatement</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Trustee or
Paying Agent is unable to apply any United States dollars or U.S. Government Obligations in accordance with Section&nbsp;402 or 403, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, then the Company&#146;s obligations under this Indenture and the Securities and any Guarantor&#146;s obligations under any Guarantee shall be revived and reinstated, with present and prospective effect, as
though no deposit had occurred pursuant to Section&nbsp;402 or 403, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such United States dollars or U.S. Government Obligations in accordance with
Section&nbsp;402 or 403, as the case may be; <I>provided</I>,<I> however</I>, that if the Company makes any payment to the Trustee or Paying Agent of principal of, premium, if any, or interest on any Security following the reinstatement of its
obligations, the Trustee or Paying Agent shall promptly pay any such amount to the Holders of the Securities and the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the United States dollars
and U.S. Government Obligations held by the Trustee or Paying Agent. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 87 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE FIVE </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">REMEDIES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;501. <U>Events of Default</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">&#147;Event of
Default,&#148; wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) there shall be a
default in the payment of any interest on any Security when it becomes due and payable, and such default shall continue for a period of 30 days (whether or not prohibited by the subordination provisions of this Indenture); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) there shall be a default in the payment of the principal of (or premium, if any, on) any Security at its Maturity (upon
acceleration, optional or mandatory redemption, required repurchase or otherwise) (whether or not prohibited by the subordination provisions of this Indenture); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c)&nbsp;(i) there shall be a default in the performance, or breach, of any covenant or agreement of the Company or any Guarantor under this Indenture or any Guarantee (other than a default in the
performance, or breach, of a covenant or agreement which is specifically dealt with in clause (a), (b)&nbsp;or in clause (ii), (iii)&nbsp;or (iv)&nbsp;of this clause (c)) and such default or breach shall continue for a period of 60 days after
written notice (30 days in the case of a default under Section&nbsp;1008 or Section&nbsp;1009 herein) has been given, by certified mail, (x)&nbsp;to the Company by the Trustee or (y)&nbsp;to the Company and the Trustee by the Holders of at least 25%
in aggregate principal amount of the outstanding Securities; (ii)&nbsp;there shall be a default in the performance or breach of the provisions of Article Eight; (iii)&nbsp;the Company shall have failed to consummate an Offer in accordance with the
provisions of Section&nbsp;1012; or (iv)&nbsp;the Company shall have failed to consummate a Change of Control Offer in accordance with the provisions of Section&nbsp;1014; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) 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 million in principal amount, individually or in the aggregate, and either (i)&nbsp;such default results from the failure to pay such Indebtedness at its stated final maturity or (ii)&nbsp;such default or
defaults resulted in the acceleration of the maturity of such Indebtedness; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 88 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) any Guarantee of a Significant Restricted Subsidiary which is a Guarantor shall for any
reason cease to be, or shall for any reason be asserted in writing by any Significant Restricted Subsidiary which is a 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 this Indenture and any such Guarantee , if such default continues for a period of 30 days after written notice has been given (x)&nbsp;to the Company by the Trustee or (y)&nbsp;to the Company and the Trustee by the Holders of not
less than 25% in aggregate principal amount of the Securities then outstanding; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) 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&nbsp;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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g)
there shall have been the entry by a court of competent jurisdiction of (i)&nbsp;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 (ii)&nbsp;a decree or order adjudging the Company or any Significant Restricted Subsidiary bankrupt or insolvent, or 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, or 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 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 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h)&nbsp;(i)&nbsp;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, (ii)&nbsp;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, (iii)&nbsp;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, (iv)&nbsp;the Company or any Significant Restricted Subsidiary (1)&nbsp;consents to
the filing of such petition or the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 89 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
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, (2)&nbsp;makes an assignment for the benefit of creditors or (3)&nbsp;admits in writing its inability to pay its debts generally as they become due or (v)&nbsp;the Company or any Significant
Restricted Subsidiary takes any corporate action in furtherance of any such actions in this paragraph&nbsp;(h). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;502. <U>Acceleration of Maturity; Rescission and Annulment</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If an Event of Default (other than an Event of Default specified in Sections 501(g) and (h)) shall occur and be continuing with respect
to this Indenture, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities 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 Securities 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 Securities) and 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 (g)&nbsp;or (h)&nbsp;of Section&nbsp;501 occurs and is continuing, then all the Securities shall <I>ipso facto</I> become and be due and payable immediately in an
amount equal to the principal amount of the Securities, together with accrued and unpaid interest, if any, to the date the Securities 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 the Securities by appropriate judicial proceedings. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">After a declaration of acceleration with respect to the Securities, but before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided,
the Holders of a majority in aggregate principal amount of the Securities Outstanding, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) the Company has paid or deposited with the Trustee a sum sufficient to pay </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) all overdue interest on all
Outstanding Securities, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) the principal of and premium, if any, on any Outstanding Securities which have
become due otherwise than by such declaration of acceleration and interest thereon at the rate borne by the Securities, and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 90 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) to the extent that payment of such interest is lawful, interest upon
overdue interest at the rate borne by the Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) the rescission would not conflict with any judgment or decree of a
court of competent jurisdiction; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) all Events of Default, other than the non-payment of principal of, premium, if any,
and interest on the Securities which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section&nbsp;513. No such rescission shall affect any subsequent Default or impair any right consequent
thereon. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;503. <U>Collection of Indebtedness and Suits for Enforcement by Trustee</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company and each Guarantor covenant that if </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) default is made in the payment of the principal of or premium, if any, on any Security at the Stated Maturity thereof or otherwise,
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">the Company and such Guarantor will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole
amount then due and payable on such Securities for principal and premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent that payment of such interest shall be legally enforceable, upon overdue
installments of interest, at the rate borne by the Securities; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Company or any Guarantor, as the case may be, fails to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid and may prosecute such proceeding to judgment or final decree,
and may enforce the same against the Company or any Guarantor or any other obligor upon the Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company, any Guarantor or any
other obligor upon the Securities, wherever situated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If an Event of Default occurs and is continuing, the Trustee may in
its discretion proceed to protect and enforce its rights and the rights of the Holders under this Indenture or any Guarantee by such appropriate private or judicial proceedings as the Trustee shall deem most effectual to protect and enforce such
rights, including seeking </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 91 -
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recourse against any Guarantor pursuant to the terms of any Guarantee, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power
granted herein or therein, or to enforce any other proper remedy, including, without limitation, seeking recourse against any Guarantor pursuant to the terms of a Guarantee, or to enforce any other proper remedy, subject however to Section&nbsp;512.
No recovery of any such judgment upon any property of the Company or any Guarantor shall affect or impair any rights, powers or remedies of the Trustee or the Holders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;504. <U>Trustee May File Proofs of Claim</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor, including any Guarantor, upon the
Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) to file and prove a claim for the whole amount of principal, and premium, if any, and interest owing and unpaid in respect of the
Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and of the Holders allowed in such judicial proceeding, and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) to collect and receive any moneys or other
property payable or deliverable on any such claims and to distribute the same; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section&nbsp;607. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 92 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;505. <U>Trustee May Enforce Claims without Possession of
Securities</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All rights of action and claims under this Indenture, the Securities or the Guarantees may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express
trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in
respect of which such judgment has been recovered. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;506. <U>Application of Money Collected</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any money collected by the Trustee pursuant to this Article or otherwise on behalf of the Holders or the Trustee pursuant to
this Article or through any proceeding or any arrangement or restructuring in anticipation or in lieu of any proceeding contemplated by this Article shall be applied, subject to applicable law, in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money on account of principal, premium, if any, or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully
paid: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">FIRST: To the payment of all amounts due the Trustee under Section&nbsp;607; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">SECOND: To the payment of the amounts then due and unpaid upon the Securities for principal, premium, if any, and interest, in respect
of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal, premium, if any, and interest; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">THIRD: The balance, if any, to the Person or Persons entitled thereto, including the Company, provided that all sums due and owing to
the Holders and the Trustee have been paid in full as required by this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;507.
<U>Limitation on Suits</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No Holder of any Securities shall have any right to institute any proceeding, judicial or
otherwise, with respect to this Indenture or the Securities, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) such Holder has previously given written notice to the Trustee of a continuing Event of Default; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 93 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) the Holders of not less than 25% in aggregate principal amount of the Outstanding
Securities shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as trustee hereunder; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) such Holder or Holders have offered to the Trustee a reasonable indemnity or furnished security against the costs, expenses and liabilities to be incurred in compliance with such request; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) the Trustee for 30&nbsp;days after its receipt of such notice, request and offer (and if requested, provision) of indemnity or
security has failed to institute any such proceeding; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) no direction inconsistent with such written request has been
given to the Trustee during such 30-day period by the Holders of a majority in aggregate principal amount of the Outstanding Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">it
being understood and intended that no one or more Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture, any Security or any Guarantee to affect, disturb or prejudice the rights of any
other Holders, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture, any Security or any Guarantee, except in the manner provided in this Indenture and for the equal and ratable
benefit of all the Holders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;508. <U>Unconditional Right of Holders to Receive Principal, Premium
and Interest</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right
based on the terms stated herein, which is absolute and unconditional, to receive payment of the principal of, premium, if any, and (subject to Section&nbsp;309) interest on such Security on or after the respective Stated Maturities expressed in
such Security (or, in the case of redemption or repurchase, on the Redemption Date or the repurchase date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;509. <U>Restoration of Rights and Remedies</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture or any Guarantee and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, any Guarantor, any other obligor on the Securities, the Trustee and the Holders
shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had
been instituted. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 94 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;510. <U>Rights and Remedies Cumulative</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any
right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;511. <U>Delay or Omission Not Waiver</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No delay
or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.
Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;512. <U>Control by Holders</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Holders of not less than a majority in aggregate principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for exercising
any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, <I>provided </I>that </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)
such direction shall not be in conflict with any rule of law or with this Indenture (including, without limitation, Section&nbsp;507) or any Guarantee, expose the Trustee to personal liability, or be unduly prejudicial to Holders not joining
therein; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) subject to the provisions of Section&nbsp;315 of the Trust Indenture Act, the Trustee may take any other
action deemed proper by the Trustee which is not inconsistent with such direction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;513.
<U>Waiver of Past Defaults</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Holders of not less than a majority in aggregate principal amount of the Outstanding
Securities may on behalf of the Holders of all Outstanding Securities waive any existing or past Default hereunder and its consequences, except a Default </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) in the payment of the principal of, premium, if any, or interest on any Security (which may only be waived with the consent of each Holder of the Securities affected); or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 95 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) in respect of a covenant or a provision hereof which under this Indenture cannot be
modified or amended without the consent of the Holder of each Security Outstanding affected by such modification or amendment. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;514. <U>Undertaking for Costs</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All parties to
this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys&#146; fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant, but the provisions of this Section shall not apply to any suit
instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities, or to any suit instituted by any Holder for the enforcement of the
payment of the principal of, premium, if any, or interest on, any Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;515. <U>Waiver of Stay, Extension or Usury Laws</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Each of the Company and the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or
plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Guarantor
from paying all or any portion of the principal of, premium, if any, or interest on the Securities contemplated herein or in the Securities or which may affect the covenants or the performance of this Indenture; and each of the Company and the
Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer
and permit the execution of every such power as though no such law had been enacted. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 96 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;516. <U>Remedies Subject to Applicable Law</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All rights, remedies and powers provided by this Article Five may be exercised only to the extent that the exercise thereof does not
violate any applicable provision of law in the premises, and all the provisions of this Indenture are intended to be subject to all applicable mandatory provisions of law which may be controlling in the premises and to be limited to the extent
necessary so that they will not render this Indenture invalid, unenforceable or not entitled to be recorded, registered or filed under the provisions of any applicable law. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE SIX </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">THE TRUSTEE </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;601. <U>Duties of Trustee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Subject to the provisions of Trust Indenture Act Sections 315(a) through 315(d): </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) if a Default or an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested
in it by this Indenture and use the same degree of care and skill in its exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of his own affairs; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) except during the continuance of a Default or an Event of Default: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) the Trustee need perform only those duties as are specifically set forth in this Indenture and no covenants or
obligations shall be implied in this Indenture that are adverse to the Trustee; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) in the absence of
bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) the Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) this Subsection (c)&nbsp;does not limit the effect of Subsection (b)&nbsp;of
this Section&nbsp;601; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 97 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(3) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith, in accordance with a direction of the Holders of a majority in principal amount of Outstanding
Securities relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power confirmed upon the Trustee under this Indenture; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) whether or not therein expressly so provided, every provision of this Indenture that in any way relates
to the Trustee is subject to Subsections (a), (b), (c)&nbsp;and (d)&nbsp;and (f)&nbsp;of this Section&nbsp;601; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) the
Trustee shall not be liable for interest on any money or assets received by it except as the Trustee may agree with the Company. Assets held in trust by the Trustee need not be segregated from other assets except to the extent required by law.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;602. <U>Notice of Defaults</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Within 30 days after a Responsible Officer of the Trustee receives notice of the occurrence of any Default, the Trustee shall transmit
by mail to all Holders and any other Persons entitled to receive reports pursuant to Section&nbsp;313(c) of the Trust Indenture Act, as their names and addresses appear in the Security Register, notice of such Default hereunder known to the Trustee,
unless such Default shall have been cured or waived; <I>provided</I>,<I> however</I>, that, except in the case of a Default in the payment of the principal of, premium, if any, or interest on any Security, the Trustee shall be protected in
withholding such notice if and so long as a trust committee of Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;603. <U>Certain Rights of Trustee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Subject to the provisions of Section&nbsp;601 hereof and Trust Indenture Act Sections 315(a)&nbsp;through 315(d): </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) the Trustee may rely and shall be protected in acting or refraining from acting upon receipt by it of any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper
party or parties; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 98 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) any request or direction of the Company mentioned herein shall be sufficiently
evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) the Trustee may consult with counsel of its selection and any advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon in accordance with such advice or Opinion of Counsel; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless
such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred therein; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(e) the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by this Indenture
other than any liabilities arising out of the negligence, bad faith or willful misconduct of the Trustee; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) the Trustee
shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, approval, appraisal, bond, debenture, note, coupon,
security or other paper or document unless requested in writing to do so by the Holders of not less than a majority in aggregate principal amount of the Securities then Outstanding; <I>provided </I>that, if the payment within a reasonable time to
the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture,
the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation so requested by the Holders of not less than 25% in aggregate principal amount of the
Securities Outstanding shall be paid by the Company or, if paid by the Trustee or any predecessor Trustee, shall be repaid by the Company upon demand; <I>provided</I>,<I> further</I>, the Trustee in its discretion may make such further inquiry or
investigation into such facts or matters as it may deem fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or
attorney; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 99 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) Except with respect to Section&nbsp;1001, the Trustee shall have no duty to inquire as
to the performance of the Company with respect to the covenants contained in Article&nbsp;10. In addition, the Trustee shall not be deemed to have knowledge of an Event of Default except (i)&nbsp;any Default or Event of Default occurring pursuant to
Sections 1001, 501(a) or 50l(b) or (ii)&nbsp;any Default or Event of Default of which the Trustee shall have received written notification or obtained actual knowledge; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(i) Delivery of reports, information and documents to the Trustee under Section&nbsp;1019 is for informational purposes only and the Trustee&#146;s receipt of the foregoing shall not constitute
constructive notice of any information contained therein or determinable from information contained therein, including the Company&#146;s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on
Officer&#146;s Certificates). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;604. <U>Trustee Not Responsible for Recitals, Dispositions of
Securities or Application of Proceeds Thereof</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The recitals contained herein and in the Securities, except the
Trustee&#146;s certificates of authentication, shall be taken as the statements of the Company, and the Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made
by it in any Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of
Securities or the proceeds thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;605. <U>Trustee and Agents May Hold Securities; Collections;
etc.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee, any Paying Agent, Security Registrar or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities, with the same rights it would have if it were not the Trustee, Paying Agent, Security Registrar or such other agent and, subject to Trust Indenture Act Sections 310 and 311, may otherwise deal
with the Company and receive, collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee, Paying Agent, Security Registrar or such other agent. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 100 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;606. <U>Money Held in Trust</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they
were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all
moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the directions of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;607. <U>Compensation and Indemnification of Trustee and Its Prior Claim</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as the parties shall agree in writing from time to time for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the Company covenants and agrees to pay or reimburse the Trustee and each predecessor
Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and
disbursements of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence, bad faith or willful misconduct. The Company also covenants and agrees
to indemnify the Trustee and each predecessor Trustee for, and to hold it harmless against, any claim, loss, liability, tax, assessment or other governmental charge (other than taxes applicable to the Trustee&#146;s compensation hereunder) or
expense incurred without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this Indenture or the trusts hereunder and its duties hereunder, including enforcement of this
Section&nbsp;607 and also including any liability which the Trustee may incur as a result of failure to withhold, pay or report any tax, assessment or other governmental charge, and the costs and expenses of defending itself against or investigating
any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The obligations of the Company under this Section&nbsp;607 to compensate and indemnify the Trustee and each predecessor Trustee and to
pay or reimburse the Trustee and each predecessor Trustee for reasonable expenses, disbursements and advances shall constitute an additional obligation hereunder and shall survive the satisfaction and discharge of this Indenture and the resignation
or removal of the Trustee and each predecessor Trustee. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 101 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;608. <U>Conflicting Interests</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee shall comply with the provisions of Section&nbsp;310(b) of the Trust Indenture Act. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;609. <U>Trustee Eligibility</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">There shall at all times be a Trustee hereunder which shall be eligible to act as trustee under Trust Indenture Act Section&nbsp;310(a) and is a member of a bank holding company which shall have a
combined capital and surplus of at least $250,000,000, to the extent there is an institution eligible and willing to serve. If the Trustee does not have a Corporate Trust Office in The City of New York, the Trustee may appoint an agent in The City
of New York reasonably acceptable to the Company to conduct any activities which the Trustee may be required under this Indenture to conduct in The City of New York. If such Trustee publishes reports of condition at least annually, pursuant to law
or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section&nbsp;609, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section&nbsp;609, the Trustee shall resign immediately in the
manner and with the effect hereinafter specified in this Article. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;610. <U>Resignation and
Removal; Appointment of Successor Trustee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) No resignation or removal of the Trustee and no appointment of a
successor trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor trustee under Section&nbsp;611. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign by giving written notice thereof to the Company no later than 20 Business Days prior to the proposed date of
resignation. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument executed by authority of the Board of Directors of the Company, a copy of which shall be delivered to the resigning
Trustee and a copy to the successor trustee. If an instrument of acceptance by a successor trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may, or any Holder
who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor trustee. Such court may thereupon,
after such notice, if any, as it may deem proper, appoint and prescribe a successor trustee. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 102 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) The Trustee may be removed at any time for any cause or for no cause by an Act of the
Holders of not less than a majority in aggregate principal amount of the Outstanding Securities, delivered to the Trustee and to the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) If at any time: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) the Trustee shall fail to comply with
the provisions of Trust Indenture Act Section&nbsp;310(b) after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) the Trustee shall cease to be eligible under Section&nbsp;609 and shall fail to resign after written request
therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">then, in any case,
(i)&nbsp;the Company by a Board Resolution may remove the Trustee, or (ii)&nbsp;subject to Section&nbsp;514, the Holder of any Security who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee
and appoint a successor trustee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, the Company, by a Board Resolution, shall promptly appoint a successor trustee and shall comply with the applicable requirements of Section&nbsp;611. If, within 60 days after such resignation,
removal or incapability, or the occurrence of such vacancy, the Company has not appointed a successor Trustee, a successor trustee shall be appointed by the Act of the Holders of a majority in principal amount of the Outstanding Securities delivered
to the Company and the retiring Trustee. Such successor trustee so appointed shall forthwith upon its acceptance of such appointment become the successor trustee and supersede the successor trustee appointed by the Company. If no successor trustee
shall have been so appointed by the Company or the Holders of the Securities and accepted appointment in the manner hereinafter provided, the Trustee or the Holder of any Security who has been a bona fide Holder for at least six months may, subject
to Section&nbsp;514, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor trustee. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 103 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) The Company shall give notice of each resignation and each removal of the Trustee and
each appointment of a successor trustee by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Securities as their names and addresses appear in the Security Register. Each notice shall include the name of
the successor trustee and the address of its Corporate Trust Office or agent hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;611.
<U>Acceptance of Appointment by Successor</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Every successor trustee appointed hereunder shall execute, acknowledge and
deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee as if originally named as Trustee hereunder; but, nevertheless, on the written request of the Company or the successor trustee, upon payment of
its charges pursuant to Section&nbsp;607 then unpaid, such retiring Trustee shall pay over to the successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee all
such rights, powers, duties and obligations. Upon request of any such successor trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">No successor trustee with respect to the Securities shall accept appointment as provided in this Section&nbsp;611 unless at
the time of such acceptance such successor trustee shall be eligible to act as trustee under the provisions of Trust Indenture Act Section&nbsp;310(a) and this Article Six and shall have a combined capital and surplus of at least $250,000,000 and
have a Corporate Trust Office or an agent selected in accordance with Section&nbsp;609. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon acceptance of appointment by
any successor trustee as provided in this Section&nbsp;611, the Company shall give notice thereof to the Holders of the Securities, by mailing such notice to such Holders at their addresses as they shall appear on the Security Register. If the
acceptance of appointment is substantially contemporaneous with the appointment, then the notice called for by the preceding sentence may be combined with the notice called for by Section&nbsp;610. If the Company fails to give such notice within
10&nbsp;days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense of the Company. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 104 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;612. <U>Merger, Conversion, Consolidation or Succession to
Business</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee (including the trust created by this
Indenture) shall be the successor of the Trustee hereunder, <I>provided</I> that such corporation shall be eligible under Trust Indenture Act Section&nbsp;310(a) and this Article Six and shall have a combined capital and surplus of at least
$250,000,000 and have a Corporate Trust Office or an agent selected in accordance with Section&nbsp;609, without the execution or filing of any paper or any further act on the part of any of the parties hereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have
been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee and deliver such Securities so authenticated; and, in case at that time any of the Securities shall not
have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor trustee; and in all such cases such certificate shall have the full force which it
is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have; <I>provided </I>that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in the
name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;613. <U>Preferential Collection of Claims Against Company</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If and when the Trustee shall be or become a creditor of the Company (or other obligor under the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the
collection of claims against the Company (or any such other obligor). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act Section&nbsp;311(a) to the extent indicated therein. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;614. <U>Escrow Authorization</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Each Holder, by its acceptance of a Security, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to
time in writing by the parties thereto (provided that no amendment that would materially adversely affect the rights of the Holders may be effected without the consent of each Holder of Securities affected thereby), and authorizes and directs the
Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 105 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE SEVEN </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">HOLDERS&#146; LISTS AND REPORTS BY TRUSTEE AND COMPANY </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;701. <U>Company to Furnish Trustee Names and Addresses of Holders</U>. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company will furnish or cause to be furnished to the Trustee </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) semiannually, not more than 10 days after each Regular Record Date, a list, in such form as the Trustee may reasonably require, of
the names and addresses of the Holders as of such Regular Record Date; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) at such other times as the Trustee may
reasonably request in writing, within 30 days after receipt by the Company of any such request, a list of similar form and content to that in subsection (a)&nbsp;hereof as of a date not more than 15 days prior to the time such list is furnished;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3"><I>provided</I>,<I> however</I>, that if and so long as the Trustee shall be the Security Registrar, no such list need be furnished.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;702. <U>Disclosure of Names and Addresses of Holders</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Holders may communicate pursuant to Trust Indenture Act Section&nbsp;312(b) with other Holders with respect to their rights under this
Indenture or the Securities, and the Trustee shall comply with Trust Indenture Act Section&nbsp;312(b). The Company, the Trustee, the Security Registrar and any other Person shall have the protection of Trust Indenture Act Section&nbsp;312(c).
Further, every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee or any agent of either of them shall be held accountable by reason of the disclosure of any
information as to the names and addresses of the Holders in accordance with Trust Indenture Act Section&nbsp;312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of
mailing any material pursuant to a request made under Trust Indenture Act Section&nbsp;312. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;703.
<U>Reports by Trustee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) Within 60 days after May&nbsp;15 of each year commencing with the first May&nbsp;15 after the
issuance of Securities, the Trustee, if so required under the Trust Indenture Act, shall transmit by mail to all Holders, in the manner and to the extent provided in Trust Indenture Act Section&nbsp;313(c), a brief report dated as of such
May&nbsp;15 in accordance with and with respect to the matters required by Trust Indenture Act Section&nbsp;313(a). The Trustee shall also transmit by mail to all Holders, in the manner and to the extent provided in Trust Indenture Act
Section&nbsp;313(c), a brief report in accordance with and with respect to the matters required by Trust Indenture Act Section&nbsp;313(b)(2). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 106 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) A copy of each report transmitted to Holders pursuant to this Section&nbsp;703 shall,
at the time of such transmission, be mailed to the Company and filed with each stock exchange, if any, upon which the Securities are listed and also with the Commission. The Company will notify the Trustee promptly if the Securities are listed on
any stock exchange. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 107 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;704. <U>Reports&nbsp;by&nbsp;Company and Guarantors</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company and each Guarantor, as the case may be, shall: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) file with the Trustee, within 15 days after the Company or any Guarantor, as the case may be, is required to file the same with the
Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company or any
Guarantor may be required to file with the Commission pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act; or, if the Company or any Guarantor, as the case may be, is not required to file information, documents or reports pursuant
to either of said Sections, then it shall (i)&nbsp;deliver to the Trustee annual audited financial statements of the Company and its Subsidiaries, prepared on a Consolidated basis in conformity with GAAP, within 120 days after the end of each fiscal
year of the Company, and (ii)&nbsp;file with the Trustee and, to the extent permitted by law, the Commission, in accordance with the rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section&nbsp;13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and
regulations; provided, however, that documents filed by the Company with the Commission via the EDGAR system (or any successor system) will be deemed filed with the Trustee as of the time such documents are so filed via the EDGAR system (or any
successor system); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) file with the Trustee and the Commission, in accordance with the rules and regulations prescribed
from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company or any Guarantor, as the case may be, with the conditions and covenants of this Indenture as are required from time to
time by such rules and regulations (including such information, documents and reports referred to in Trust Indenture Act Section&nbsp;314(a)); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) within 15 days after the filing thereof with the Trustee, transmit by mail to all Holders in the manner and to the extent provided in Trust Indenture Act Section&nbsp;313(c), such summaries of any
information, documents and reports required to be filed by the Company or any Guarantor, as the case may be, pursuant to Section&nbsp;1019 hereunder and subsections (a)&nbsp;and (b)&nbsp;of this Section as are required by rules and regulations
prescribed from time to time by the Commission. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 108 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE EIGHT </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">CONSOLIDATION, MERGER, SALE OF ASSETS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;801. <U>Company and Guarantors May Consolidate, etc., Only on Certain Terms</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) The Company will not, in a single transaction or through a series of related transactions, consolidate with or merge with or into any other Person or 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 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 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: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) either
(a)&nbsp;the Company will be the continuing corporation (in the case of a consolidation or merger involving the Company) or (b)&nbsp;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 Securities and this Indenture and the Registration Rights Agreement, as the case may be, and the Securities and this
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; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) 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; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 109 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) 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 hereunder) could incur $1.00 of additional
Indebtedness (other than Permitted Indebtedness) under Section&nbsp;1008; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) 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 this Indenture and under the
Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v) 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 Section&nbsp;1011 are complied with; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(vi) 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 this
Indenture and that all conditions precedent herein provided for relating to such transaction have been complied with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)
Each Guarantor will not, and the Company will not permit a Guarantor to, in a single transaction or through a series of related transactions, consolidate with or merge with or into any other Person (other than the Company or any Guarantor) or 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 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 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: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) either (1)&nbsp;the Guarantor will be the continuing entity (in the case of a consolidation or merger involving the
Guarantor) or (2)&nbsp;the Person </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 110 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
(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 Securities and
this Indenture and the Registration Rights Agreement (to the extent any obligations remain under the Registration Rights Agreement) and such Guarantee, Indenture and Registration Rights Agreement will remain in full force and effect; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) 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 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) 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 this Indenture and that all conditions precedent therein provided for relating to such
transaction have been complied with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Notwithstanding the foregoing, the provisions of Section&nbsp;801(b) shall not
apply to any Guarantor whose Guarantee of the Securities is unconditionally released and discharged in accordance with paragraph (c)&nbsp;under Section&nbsp;1013. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) Notwithstanding the foregoing, nothing in the provisions of Sections 801(a) or 801(b) 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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;802. <U>Successor Substituted</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon any consolidation or merger, or any sale, assignment, conveyance, transfer, lease or disposition of all or substantially all of the
properties and assets of the Company or any Guarantor, if any, in accordance with Section&nbsp;801, the successor Person formed by such consolidation or into which the Company or such Guarantor, as the case may be, is not the continuing corporation
or the successor Person formed or remaining or to which such transfer, sale, assignment, conveyance, lease or other transaction is made </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 111 -
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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 this Indenture, the Securities and/or the related
Guarantee, as the case may be, with the same effect as if such successor had been named as the Company or such Guarantor, as the case may be, herein, in the Securities and/or in the Guarantee, as the case may be, and the Company or such Guarantor,
as the case may be, shall be discharged from all obligations and covenants under this Indenture and the Securities or its Guarantee, as the case may be. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE NINE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">SUPPLEMENTAL INDENTURES </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;901. <U>Supplemental Indentures and Agreements without Consent of Holders</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Without the consent of any Holders, the Company, the Guarantors, if any, and any other obligor under the Securities when authorized by a
Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto or agreements or other instruments with respect to this Indenture, the Securities or any Guarantee, in form and substance
satisfactory to the Trustee, for any of the following purposes: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) to evidence the succession of another Person to the
Company or a Guarantor or any other obligor upon the Securities, and the assumption by any such successor of the covenants of the Company or such Guarantor or obligor herein and in the Securities and in any Guarantee in accordance with Article
Eight; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) to add to the covenants of the Company, any Guarantor or any other obligor upon the Securities for the benefit of
the Holders, or to surrender any right or power conferred upon the Company or any Guarantor or any other obligor upon the Securities, as applicable, herein, in the Securities or in any Guarantee; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) to cure any ambiguity, or to correct or supplement any provision herein or in any supplemental indenture, the Securities or any
Guarantee which may be defective or inconsistent with any other provision herein or in the Securities or any Guarantee or to make any other provisions with respect to matters or questions arising under this Indenture, the Securities or the
Guarantees; <I>provided </I>that, in each case, such provisions shall not adversely affect the interest of the Holders; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d)
to make any change to conform this Indenture, the Securities or any Guarantee to the description thereof provided to investors in connection with the initial offering of the Securities; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 112 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) to comply with the requirements of the Commission in order to effect or maintain the
qualification of this Indenture under the Trust Indenture Act, as contemplated by Section&nbsp;905 or otherwise; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) to add
a Guarantor pursuant to the requirements of Section&nbsp;1013 hereof or otherwise; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) to evidence and provide the
acceptance of the appointment of a successor Trustee hereunder; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) to mortgage, pledge, hypothecate or grant a security
interest in favor of the Trustee for the benefit of the Holders as additional security for the payment and performance of the Company&#146;s or any Guarantor&#146;s Indenture Obligations, 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 this Indenture or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;902. <U>Supplemental Indentures and Agreements with Consent of Holders</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Except as permitted by Section&nbsp;901, with the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities (including consents obtained in connection
with a tender offer or exchange offer for Securities), by Act of said Holders delivered to the Company, each Guarantor, if any, and the Trustee, the Company and each Guarantor (if a party thereto) when authorized by or pursuant to Board Resolutions,
and the Trustee may (i)&nbsp;enter into an indenture or indentures supplemental hereto or agreements or other instruments with respect to any Guarantee in form and substance satisfactory to the Trustee, for the purpose of adding any provisions to or
amending, modifying or changing in any manner or eliminating any of the provisions of this Indenture, the Securities or any Guarantee (including but not limited to, for the purpose of modifying in any manner the rights of the Holders under this
Indenture, the Securities or any Guarantee) or (ii)&nbsp;waive compliance with any provision in this Indenture, the Securities or any Guarantee (other than waivers of past Defaults covered by Section&nbsp;513 and waivers of covenants which are
covered by Section&nbsp;1021); <I>provided</I>,<I> however</I>, that no such supplemental indenture, agreement or instrument shall, without the consent of the Holder of each Outstanding Security affected thereby: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) 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 Security 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 Security 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); </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 113 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) 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 Section&nbsp;1012 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 Section&nbsp;1014, including,
in each case, amending, changing or modifying any definitions relating thereto but only to the extent such definitions relate thereto; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) reduce the percentage in principal amount of the Outstanding Securities, 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 this Indenture; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) modify any of the provisions of this
Section&nbsp;902 or Section&nbsp;513 or 1021, except to increase the percentage of such Outstanding Securities required for any such actions or to provide that certain other provisions of this Indenture cannot be modified or waived without the
consent of the Holder of each such Security affected thereby; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) except as otherwise permitted under Article Eight, consent
to the assignment or transfer by the Company or any Guarantor of any of its rights and obligations hereunder; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) amend
or modify any of the provisions of this Indenture that subordinates the Securities issued hereunder 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the written request of the Company and each Guarantor, if any, accompanied by a copy
of Board Resolutions authorizing the execution of any such supplemental indenture or Guarantee, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company and each Guarantor in
the execution of such supplemental indenture or Guarantee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">It shall not be necessary for any Act of Holders under this
Section&nbsp;902 to approve the particular form of any proposed supplemental indenture or Guarantee or agreement or instrument relating to any Guarantee, but it shall be sufficient if such Act shall approve the substance thereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 114 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;903. <U>Execution of Supplemental Indentures and
Agreements</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In executing, or accepting the additional trusts created by, any supplemental indenture, agreement,
instrument or waiver permitted by this Article Nine or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Trust Indenture Act Sections 315(a) through 315(d) and
Section&nbsp;603(a) hereof) shall be fully protected in relying upon, an Opinion of Counsel and an Officers&#146; Certificate stating that the execution of such supplemental indenture, agreement or instrument (a)&nbsp;is authorized or permitted by
this Indenture and (b)&nbsp;does not violate the provisions of any agreement or instrument evidencing any other Indebtedness of the Company, any Guarantor or any other Restricted Subsidiary. The Trustee may, but shall not be obligated to, enter into
any such supplemental indenture, agreement or instrument which affects the Trustee&#146;s own rights, duties or immunities under this Indenture, any Guarantee or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;904. <U>Effect of Supplemental Indentures</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;905. <U>Conformity with Trust Indenture Act</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Every supplemental indenture executed pursuant to this Article Nine shall conform to the requirements of the Trust Indenture Act as then
in effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;906. <U>Reference in Securities to Supplemental Indentures</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Securities authenticated and delivered after the execution of any supplemental indenture pursuant to this Article Nine may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the
Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and each Guarantor and authenticated and delivered by the Trustee in exchange for Outstanding Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;907. <U>Notice of Supplemental Indentures</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Promptly after the execution by the Company, any Guarantor and the Trustee of any supplemental indenture pursuant to the provisions of
Section&nbsp;902, the Company shall give notice thereof to the Holders of each Outstanding Security affected, in the manner provided for in Section&nbsp;106, setting forth in general terms the substance of such supplemental indenture. Any failure of
the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 115 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE TEN </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">COVENANTS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1001. <U>Payment of Principal, Premium and Interest</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Company shall duly and punctually pay the principal of, premium, if any, and interest on the Securities in accordance with the terms of the Securities and this Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1002. <U>Maintenance of Office or Agency</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall maintain an office or agency where Securities may be presented or surrendered for payment. The Company also will
maintain in The City of New York an office or agency where Securities may be surrendered for registration of transfer, redemption or exchange and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be
served. The office of the Trustee, at its Corporate Trust Office initially located at 100 Wall Street, Suite 1600, New York, New York, 10005, will be such office or agency of the Company, unless the Company shall designate and maintain some other
office or agency for one or more of such purposes. The Company will give prompt written notice to the Trustee of the location and any change in the location of any such offices or agencies. If at any time the Company shall fail to maintain any such
required offices or agencies or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the office of the Trustee and the Company hereby appoints the Trustee such agent
as its agent to receive all such presentations, surrenders, notices and demands. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may from time to time designate
one or more other offices or agencies (in or outside of The City of New&nbsp;York) where the Securities may be presented or surrendered for any or all such purposes, and may from time to time rescind such designation. The Company will give prompt
written notice to the Trustee of any such designation or rescission and any change in the location of any such office or agency. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Trustee shall initially act as Paying Agent for the Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1003. <U>Money for Security Payments to Be Held in Trust</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If the Company or any of its Affiliates shall at any time act as Paying Agent, it will, on or before each due date of the principal of, premium, if any, or interest on any of the Securities, segregate and
hold in trust for the benefit of the Holders entitled thereto a sum sufficient to pay the principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will
promptly notify the Trustee of its action or failure so to act. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 116 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Company or any of its Affiliates is not acting as Paying Agent, the Company will, on
or before each due date of the principal of, premium, if any, or interest on any of the Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, premium, if any, or interest so becoming due, such sum to be
held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of such action or any failure so to act. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If the Company is not acting as Paying Agent, the Company will cause each Paying Agent other than the Trustee to execute and deliver to
the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) hold all sums held by it for the payment of the principal of, premium, if any, or interest on the Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to
such Persons or otherwise disposed of as herein provided; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) give the Trustee notice of any Default by the Company or any
Guarantor (or any other obligor upon the Securities) in the making of any payment of principal, premium, if any, or interest on the Securities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) acknowledge, accept and agree to comply in all aspects with the provisions of this Indenture relating to the duties, rights and
liabilities of such Paying Agent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may at any time, for the purpose of obtaining the satisfaction and discharge
of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon
which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of,
premium, if any, or interest on any Security and remaining unclaimed for two years after such principal and premium, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 117 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
if any, or interest has become due and payable shall promptly be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, shall thereupon cease; <I>provided</I>,<I> however</I>, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the <U>New York Times</U> and
<U>The Wall Street Journal</U> (national edition), and mail to each such Holder, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification, publication
and mailing, any unclaimed balance of such money then remaining will promptly be repaid to the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1004. <U>Corporate Existence</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect the corporate existence and related rights and franchises (charter and
statutory) of the Company and each Restricted Subsidiary; <I>provided</I>,<I> however</I>, that the Company shall not be required to preserve any such right or franchise or the corporate existence of any such Restricted Subsidiary if the Board of
Directors of the Company shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Company and its Restricted Subsidiaries as a whole; and <I>provided</I>, <I>further</I>, <I>however</I>,
that the foregoing shall not prohibit a sale, transfer or conveyance of a Restricted Subsidiary or any of its assets in compliance with the terms of this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1005. <U>Payment of Taxes and Other Claims</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall pay or discharge or cause to be paid or discharged, on or before the date the same shall become due and payable,
(a)&nbsp;all taxes, assessments and governmental charges levied or imposed upon the Company or any of its Restricted Subsidiaries shown to be due on any return of the Company or any of its Restricted Subsidiaries or otherwise assessed or upon the
income, profits or property of the Company or any of its Restricted Subsidiaries if failure to pay or discharge the same could reasonably be expected to have a material adverse effect on the ability of the Company or any Guarantor to perform its
obligations hereunder and (b)&nbsp;all lawful claims for labor, materials and supplies, which, if unpaid, would by law become a Lien upon the property of the Company or any of its Restricted Subsidiaries, except for any Lien permitted to be incurred
under Section&nbsp;1011, if failure to pay or discharge the same could reasonably be expected to have a material adverse effect on the ability of the Company or any Guarantor to perform its obligations hereunder; <I>provided</I>,<I> however</I>,
that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly
instituted and diligently conducted and in respect of which appropriate reserves (in the good faith judgment of management of the Company) are being maintained in accordance with GAAP. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 118 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1006. <U>Maintenance of Properties</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall cause all material properties owned by the Company or any of its Restricted Subsidiaries or used or held for use in
the conduct of its business or the business of any of its Restricted Subsidiaries to be maintained and kept in good condition, repair and working order (ordinary wear and tear excepted) and supplied with all necessary equipment and will cause to be
made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the reasonable judgment of the Company may be consistent with sound business practice and necessary so that the business carried on in connection
therewith may be properly conducted at all times; <I>provided</I>,<I> however</I>, that nothing in this Section shall prevent the Company from discontinuing the maintenance of any of such properties if such discontinuance is in the ordinary course
of business or, in the reasonable judgment of the Company, desirable in the conduct of its business or the business of any of its Restricted Subsidiaries; and <I>provided, further</I>, however, that the foregoing shall not prohibit a sale, transfer
or conveyance of a Restricted Subsidiary or any of its properties or assets in compliance with the terms of this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1007. <U>Maintenance of Insurance</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company
shall at all times keep all of its and its Restricted Subsidiaries&#146; properties which are of an insurable nature insured with insurers, believed by the Company in good faith to be financially sound and responsible, against loss or damage to the
extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in the same general geographic areas in which the Company and its Restricted Subsidiaries operate, except where the failure
to do so could not reasonably be expected to have a material adverse effect on the condition (financial or otherwise), earnings, business affairs or prospects of the Company and its Restricted Subsidiaries, taken as a whole. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1008. <U>Limitation on Indebtedness</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">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. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 119 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">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;): </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) 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)&nbsp;$550.0 million or (b)&nbsp;20% of the Company&#146;s Consolidated Tangible Assets, in any case under any Credit Facility or in respect of letters of credit thereunder; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) Indebtedness of the Company and the Guarantors under Mortgage Loans in an amount not to exceed $200.0 million at any time
outstanding; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii) Indebtedness of the Company and the Guarantors under any Inventory Facility, whether or not an Inventory
Facility under any Credit Facility; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv) Indebtedness of the Company or any Restricted Subsidiary outstanding on the Issue
Date and not otherwise referred to in this definition of Permitted Indebtedness; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v) 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 Securities 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 Securities; <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); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(vi) 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 loan note; <I>provided, further</I>, that (a)&nbsp;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)&nbsp;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); </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 120 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(vii) guarantees of any Restricted Subsidiary made in accordance with the provisions of
Section&nbsp;1013; <I>provided</I> that the Indebtedness of the Company or any Restricted Subsidiary subject to such guarantee was permitted to be incurred; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(viii) obligations of the Company or any Guarantor entered into in the ordinary course of business (a)&nbsp;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)&nbsp;under
any Currency Hedging Agreements, relating to (i)&nbsp;Indebtedness of the Company or any Restricted Subsidiary and/or (ii)&nbsp;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; provided, however, 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)&nbsp;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 than as a result of fluctuations in commodity prices or by reason of fees, indemnities and compensation payable thereunder; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(ix) 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&nbsp;(ix) not to exceed $35.0&nbsp;million outstanding at any time; <I>provided</I> that the principal amount of any Indebtedness permitted under this clause&nbsp;(ix)
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; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(x) 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; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xi) 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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xii) guarantees by the
Company or a Guarantor of Indebtedness of a Restricted Subsidiary that was permitted to be incurred under this Section&nbsp;1008; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 121 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xiii) any renewals, extensions, substitutions, refundings, refinancings or
replacements (collectively, a &#147;refinancing&#148;) of any Indebtedness incurred pursuant to the first paragraph of this Section&nbsp;1008 or described in clause (iv)&nbsp;(other than an aggregate principal amount of 5.0% Securities redeemed or
repurchased with proceeds from the sale of the Securities) or clause (xviii)&nbsp;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)&nbsp;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)&nbsp;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)&nbsp;in the case of any refinancing of
Indebtedness that is Subordinated Indebtedness, such new Indebtedness is made subordinated to the Securities at least to the same extent as the Indebtedness being refinanced and (B)&nbsp;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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(xiv) 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; provided, however, that such Indebtedness is extinguished within five Business Days of occurrence; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xv) Indebtedness of the Company or any Guarantor to the extent the net proceeds thereof are promptly deposited to (a)&nbsp;defease the
Securities as described in Article Four or (b)&nbsp;redeem the Securities as described in Article Eleven; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xvi) 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); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(xvii) Indebtedness of the Company and its Restricted Subsidiaries or any Guarantor in addition to that described in clauses (i)&nbsp;through (xvi)&nbsp;above and clause (xviii)&nbsp;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&nbsp;million outstanding at any one time in the aggregate; and
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 122 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xviii) Indebtedness of the Company pursuant to the Securities issued on the date of the
Indenture (and any Series B Securities issued in exchange therefor) and Indebtedness of any Guarantor pursuant to a Guarantee of the Securities issued on the date of the Indenture (and any Series B Securities issued in exchange therefor).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For purposes of determining compliance with this Section&nbsp;1008, in the event that an item of Indebtedness meets the
criteria of more than one of the types of Indebtedness permitted by this Section&nbsp;1008, 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 Section&nbsp;1008 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1009. <U>Limitation on Restricted Payments</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="16%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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); </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="16%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="16%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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, other than the repurchase of Subordinated Indebtedness with a maturity date within one year of the date of repurchase; </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 123 -
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="16%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">declare or pay any dividend or distribution on any Capital Stock of any Restricted Subsidiary to any Person (other than&nbsp;(a)&nbsp;to the Company or any of its
Wholly-Owned Restricted Subsidiaries or (b)&nbsp;dividends or distributions made by a Restricted Subsidiary (i)&nbsp;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 (ii)&nbsp;on a pro rata basis to all stockholders of such Restricted Subsidiary); or </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="16%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">make any Investment in any Person (other than any Permitted Investments) </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(any of the foregoing actions described in clauses (i)&nbsp;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 (1)&nbsp;immediately before and immediately after giving effect to such proposed Restricted Payment on a pro forma 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; (2)&nbsp;immediately before and immediately after
giving effect to such Restricted Payment on a pro forma basis, the Company could incur $1.00 of additional Indebtedness (other than Permitted Indebtedness) under Section&nbsp;1008 herein; and (3)&nbsp;after giving effect to the proposed Restricted
Payment, the aggregate amount of all such Restricted Payments declared or made after the March&nbsp;12, 2010 and all Designation Amounts does not exceed the sum of: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(A)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">50% of the aggregate Consolidated Net Income of the Company accrued on a cumulative basis during the period beginning January&nbsp;1, 2010 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; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(B)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">the aggregate Net Cash Proceeds and the Fair Market Value of assets other than cash received after March&nbsp;12, 2010 by the Company either
(x)&nbsp;as capital contributions in the form of common equity to the Company or (y)&nbsp;from the issuance or sale (other than to any of its Subsidiaries) of </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 124 -
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<TR>
<TD WIDTH="10%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">
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)&nbsp;or (iii)&nbsp;of paragraph (b)&nbsp;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); </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(C)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the aggregate Net Cash Proceeds and the Fair Market Value of assets other than cash received after March&nbsp;12, 2010 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); </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(D)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the aggregate Net Cash Proceeds and the Fair Market Value of assets other than cash received after March&nbsp;12, 2010 by the Company from the conversion or exchange,
if any, of debt securities or Redeemable Capital Stock of the Company or its Restricted Subsidiaries into or for Qualified Capital Stock of the Company plus, to the extent such debt securities or Redeemable Capital Stock were issued after
March&nbsp;12, 2010, 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); </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(E)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) in the case of the disposition or repayment of any Investment constituting a Restricted Payment made after March&nbsp;12, 2010, an amount (to the
extent not included in Consolidated Net Income) equal to (a)&nbsp;the lesser of (i)&nbsp;the return of capital with respect to such Investment and (ii)&nbsp;the initial amount of such Investment, in either case, less the cost of the disposition of
such Investment and net of taxes, and (b)&nbsp;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
</FONT></P></TD></TR></TABLE>
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<TR>
<TD WIDTH="11%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">
purposes of this 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 </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="6%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(F)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)
Notwithstanding the foregoing, and in the case of clauses (ii)&nbsp;through (iv)&nbsp;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)&nbsp;through (iv)&nbsp;and (vii)&nbsp;through (xiii)&nbsp;being referred to as a &#147;Permitted Payment&#148;): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the payment of any dividend within 60 days after the date of declaration thereof, if at such date of declaration such payment was permitted by the provisions of
paragraph (a)&nbsp;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)&nbsp;of
this Section&nbsp;1009; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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)&nbsp;of paragraph
(a)&nbsp;of this Section&nbsp;1009; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">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
</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 126 -
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<TR>
<TD WIDTH="22%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Qualified Capital Stock of the Company, provided that the Net Cash Proceeds from the issuance of such shares of Qualified Capital Stock are excluded from clause (3)(C)&nbsp;of paragraph
(a)&nbsp;of this Section&nbsp;1009; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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 (1)&nbsp;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)&nbsp;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)&nbsp;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; (2)&nbsp;has an Average Life to Stated Maturity greater than
the remaining Average Life to Stated Maturity of the Securities; (3)&nbsp;has a Stated Maturity for its final scheduled principal payment later than the Stated Maturity for the final scheduled principal payment of the Securities; and (4)&nbsp;is
expressly subordinated in right of payment to the Securities at least to the same extent as the Subordinated Indebtedness to be refinanced; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(v)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">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&nbsp;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 </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 127 -
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<TR>
<TD WIDTH="22%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">
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; provided that
the aggregate repurchases, redemptions or other acquisitions or retirements for value does not exceed $4.0 million in any twelve-month period; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(vi)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(vii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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 this Indenture at the time of such acquisition; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(viii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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
million during the term of this Indenture; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ix)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(x)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xi)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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 Section&nbsp;801; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the making of any Restricted Payments after the date of this Indenture not exceeding in the aggregate $100.0 million; <I>provided</I> that no Default or Event of
Default shall have occurred and be continuing immediately after such transaction; and </FONT></TD></TR></TABLE>
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<TD WIDTH="14%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(xiii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">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), provided, however, 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. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1010. <U>Limitation on Transactions with Affiliates</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">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 (a)&nbsp;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, (b)&nbsp;with respect to any transaction or series of related transactions involving aggregate value in excess of $5.0 million, the Company delivers an
Officers&#146; Certificate to the Trustee certifying that such transaction or series of related transactions complies with clause (a)&nbsp;above or 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, and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 129 -
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(c)&nbsp;with respect to any transaction or series of related transactions involving aggregate value in excess of $15.0 million, either (i)&nbsp;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)&nbsp;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; <I>provided, however</I>, that this provision shall not
apply to (i)&nbsp;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; (ii)&nbsp;any transaction
permitted as a Restricted Payment pursuant to Section&nbsp;1009; (iii)&nbsp;the payment of customary fees to directors of the Company and its Restricted Subsidiaries; (iv)&nbsp;any transaction with any officer or member of the Board of Directors of
the Company involving indemnification arrangements; (v)&nbsp;loans or advances to officers of the Company in the ordinary course of business not to exceed $1.0&nbsp;million in any calendar year; and (vi)&nbsp;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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1011. <U>Limitation on Liens</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly, 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 assign or convey any right to receive any income or profits therefrom, unless the Securities 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 Securities shall have with respect to such Subordinated Indebtedness) the
obligation or liability secured by such Lien except for Liens (A)&nbsp;securing any Indebtedness which became Indebtedness pursuant to a transaction permitted under Article Eight 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 Section&nbsp;1008 or (B)&nbsp;securing any Indebtedness incurred in connection with any refinancing, renewal, substitutions or replacements of any such
</FONT></P>
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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 (i)&nbsp;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)&nbsp;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; provided, however, that in the case
of clauses (A)&nbsp;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 Securities 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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1012. <U>Limitation on Sale of Assets</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) 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)&nbsp;at least 75% of the consideration from such Asset Sale consists of (A)&nbsp;cash or Cash Equivalents, (B)&nbsp;the assumption of Senior Indebtedness or Senior Guarantor Indebtedness by the party acquiring the assets from
the Company of any Restricted Subsidiary, (C)&nbsp;Replacement Assets; (D)&nbsp;Designated Noncash Consideration; or (E)&nbsp;a combination of any of the foregoing; and (ii)&nbsp;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); provided 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 days after receipt shall be deemed to be cash for purposes of this provision. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) If 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, the Company determines not to apply such Net Cash Proceeds to the permanent prepayment of such Senior
Indebtedness or Senior Guarantor Indebtedness, or if no such Senior Indebtedness or Senior Guarantor Indebtedness that requires prepayment is then outstanding (or such prepayment is waived), then the Company or a Restricted Subsidiary may within 365
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 days of the Asset Sale as set forth in this paragraph constitutes &#147;Excess Proceeds.&#148;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) When the aggregate amount of Excess Proceeds exceeds $25.0 million or more, the Company will apply the Excess Proceeds
to the repayment of the Securities 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: (A)&nbsp;the Company
will make an offer to purchase (an &#147;Offer&#148;) to all holders of the Securities in accordance with the procedures set forth in this Indenture in the maximum principal amount (expressed as a multiple of $1,000) of Securities that may be
purchased out of an amount (the &#147;Security 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 Securities, and the denominator of which is the sum
of the outstanding principal amount of the Securities 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 Securities tendered) and (B)&nbsp;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 Security Amount; <I>provided</I> that 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 Securities will be payable in cash in an amount equal to
100% of the principal amount of the Securities 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 herein. To the
extent that the aggregate Offered Price of the Securities tendered pursuant to the Offer is less than the Security 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 Amount, the Company may use any remaining Excess Proceeds for general corporate purposes. If the aggregate principal amount of Securities and Pari Passu Indebtedness surrendered by holders thereof exceeds the amount of Excess
Proceeds, the Trustee shall select the Securities to be purchased on a pro rata basis. Upon the completion of the purchase of all the Securities 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. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) When the aggregate amount of Excess Proceeds exceeds $10 million, such Excess Proceeds
will, prior to any purchase of Securities described in paragraph (c)&nbsp;above, be set aside by the Company in a separate account pending (i)&nbsp;deposit with the Depositary or a paying agent of the amount required to purchase the Securities
tendered in an Offer or Pari Passu Indebtedness tendered in a Pari Passu Offer, (ii)&nbsp;delivery by the Company of the Offered Price to the holders of the Securities tendered in an Offer or Pari Passu Indebtedness tendered in a Pari Passu Offer
and (iii)&nbsp;the completion of the purchase of all the Securities tendered pursuant to the Offer and the completion of the Pari Passu Offer. Such Excess Proceeds may be invested in Temporary Cash Investments, <I>provided</I> that the maturity date
of any such investment made after the amount of Excess Proceeds exceeds $10 million shall not be later than the Offer Date. The Company shall be entitled to any interest or dividends accrued, earned or paid on such Temporary Cash Investments;
<I>provided</I> that the Company shall not withdraw such interest from the separate account if an Event of Default has occurred and is continuing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(e) If the Company becomes obligated to make an Offer pursuant to clause (c)&nbsp;above, unless an Offer has been previously made prior to the expiration of the 365-day period stated in (b)&nbsp;above,
the Securities 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 days and not later than 60 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(f) The Company will comply with the applicable tender offer rules, including Rule&nbsp;14e-1 under the Exchange Act, and any other applicable securities laws or regulations in connection with an Offer.
To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section&nbsp;1012, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under this Section&nbsp;1012 by virtue of its compliance with such securities laws or regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) Subject
to paragraph (e)&nbsp;above, within 30 days after the date on which the amount of Excess Proceeds equals or exceeds $10 million, the Company shall send or cause to be sent by first-class mail, postage prepaid, to the Trustee and to each Holder, at
his address appearing in the Security Register, a notice stating or including: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) that the Holder has the
right to require the Company to repurchase, subject to proration, such Holder&#146;s Securities at the Offered Price; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(2) the Offer Date; </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(3) the instructions a Holder must follow in order to have his Securities
purchased in accordance with paragraph (c)&nbsp;of this Section; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(4)&nbsp;(i)&nbsp;the most recently filed
Annual Report on Form 10-K (including audited consolidated financial statements) of the Company, the most recent subsequently filed Quarterly Report on Form 10-Q, as applicable, and any Current Report on Form 8-K of the Company filed subsequent to
such Quarterly Report, other than Current Reports describing Asset Sales otherwise described in the offering materials (or corresponding successor reports) (or in the event the Company is not required to prepare any of the foregoing Forms, the
comparable information required pursuant to Section&nbsp;1020), (ii)&nbsp;a description of material developments, if any, in the Company&#146;s business subsequent to the date of the latest of such reports, (iii)&nbsp;if material, appropriate pro
forma financial information, and (iv)&nbsp;such other information, if any, concerning the business of the Company which the Company in good faith believes will enable such Holders to make an informed investment decision regarding the Offer;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(5) the Offered Price; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(6) the names and addresses of the Paying Agent and the offices or agencies referred to in Section&nbsp;1002;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(7) that Securities must be surrendered prior to the Offer Date to the Paying Agent at the office of the
Paying Agent or to an office or agency referred to in Section&nbsp;1002 to collect payment; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(8) that any
Securities not tendered will continue to accrue interest and that unless the Company defaults in the payment of the Offered Price, any Security accepted for payment pursuant to the Offer shall cease to accrue interest on and after the Offer Date;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(9) the procedures for withdrawing a tender; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(10) that the Offered Price for any Security which has been properly tendered and not withdrawn and which has been
accepted for payment pursuant to the Offer will be paid promptly following the Offered Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) Holders electing to have
Securities purchased hereunder will be required to surrender such Securities at the address specified in the notice prior to the Offer Date. Holders will be entitled to withdraw their election to have their Securities purchased pursuant to this
Section&nbsp;1012 if the Company receives, not later than one Business Day prior to the Offer Date, a telegram, telex, facsimile transmission or letter </FONT></P>
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setting forth (1)&nbsp;the name of the Holder, (2)&nbsp;the certificate number of the Security in respect of which such notice of withdrawal is being submitted, (3)&nbsp;the principal amount of
the Security (which shall be $1,000 or an integral multiple thereof) delivered for purchase by the Holder as to which his election is to be withdrawn, (4)&nbsp;a statement that such Holder is withdrawing his election to have such principal amount of
such Security purchased, and (5)&nbsp;the principal amount, if any, of such Security (which shall be $1,000 or an integral multiple thereof) that remains subject to the original notice of the Offer and that has been or will be delivered for purchase
by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) The Company shall (i)&nbsp;not later than the Offer Date, accept for payment Securities or portions
thereof tendered pursuant to the Offer, (ii)&nbsp;not later than 10:00 a.m. (New York time) on the Business Day following the Offer Date, deposit with the Trustee or with a Paying Agent an amount of money in same day funds (or New York Clearing
House funds if such deposit is made prior to the Offer Date) sufficient to pay the aggregate Offered Price of all the Securities or portions thereof which have been so accepted for payment and (iii)&nbsp;not later than 10:00 a.m. (New York time) on
the Business Day following the Offer Date, deliver to the Paying Agent an Officers&#146; Certificate stating the Securities or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail or deliver to Holders of
Securities so accepted payment in an amount equal to the Offered Price of the Securities purchased from each such Holder, and the Company shall execute and the Trustee shall promptly authenticate and mail or deliver to such Holders a new Security
equal in principal amount to any unpurchased portion of the Security surrendered. Any Securities not so accepted shall be promptly mailed or delivered by the Paying Agent at the Company&#146;s expense to the Holder thereof. For purposes of this
Section&nbsp;1012, the Company shall choose a Paying Agent which shall not be the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Subject to applicable escheat
laws, the Trustee and the Paying Agent shall return to the Company any cash that remains unclaimed, together with interest, if any, thereon, held by them for the payment of the Offered Price; <I>provided</I>,<I> however,</I> that (x)&nbsp;to the
extent that the aggregate amount of cash deposited by the Company with the Trustee in respect of an Offer exceeds the aggregate Offered Price of the Securities or portions thereof to be purchased, then the Trustee shall hold such excess for the
Company and (y)&nbsp;unless otherwise directed by the Company in writing, promptly after the Business Day following the Offer Date the Trustee shall return any such excess to the Company together with interest or dividends, if any, thereon.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(j) Securities to be purchased shall, on the Offer Date, become due and payable at the Offered Price and from and after such
date (unless the Company shall default in the payment of the Offered Price) such Securities shall cease to bear interest. Such Offered Price shall be paid to such Holder promptly following the later of the Offer Date and the time of delivery of such
Security to the relevant Paying Agent at the office of such Paying Agent by the Holder thereof in the manner required. Upon surrender of </FONT></P>
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any such Security for purchase in accordance with the foregoing provisions, such Security shall be paid by the Company at the Offered Price; <I>provided</I>,<I> however</I>, that installments of
interest whose Stated Maturity is on or prior to the Offer Date shall be payable to the Person in whose name the Securities (or any Predecessor Securities) is registered as such on the relevant Regular Record Dates according to the terms and the
provisions of Section&nbsp;309; <I>provided, further,</I> that Securities to be purchased are subject to proration in the event the Excess Proceeds are less than the aggregate Offered Price of all Securities tendered for purchase, with such
adjustments as may be appropriate by the Trustee so that only Securities in denominations of $1,000 or integral multiples thereof, shall be purchased. If any Security tendered for purchase shall not be so paid upon surrender thereof by deposit of
funds with the Trustee or a Paying Agent in accordance with paragraph (h)&nbsp;above, the principal thereof (and premium, if any, thereon) shall, until paid, bear interest from the Offer Date at the rate borne by such Security. Any Security that is
to be purchased only in part shall be surrendered to a Paying Agent at the office of such Paying Agent (with, if the Company, the Security Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Security Registrar or the Trustee duly executed by, the Holder thereof or such Holder&#146;s attorney duly authorized in writing), and the Company shall execute and the Trustee shall authenticate and deliver to
the Holder of such Security, without service charge, one or more new Securities of any authorized denomination as requested by such Holder in an aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the
Security so surrendered that is not purchased. The Company shall publicly announce the results of the Offer on or as soon as practicable after the Offer Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1013. <U>Limitation on Issuances of Guarantees of and Pledges for Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) 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 this Indenture providing for a guarantee of payment of the Securities by such Restricted Subsidiary within 30 days, which 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 Securities 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 Securities are subordinated to Senior Indebtedness of the Company under this Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 136 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) 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 this Indenture providing for a Guarantee of the Securities within 30 days on the same terms as the guarantee of such Indebtedness except that (A)&nbsp;such guarantee need not be secured unless required pursuant to Section&nbsp;1011,
(B)&nbsp;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 Securities to the same extent as such Senior Indebtedness is senior to the Securities and (C)&nbsp;if such Indebtedness is by its terms expressly subordinated to the Securities, 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 Securities at least to the same extent as such Indebtedness is subordinated to the Securities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Notwithstanding the foregoing, any Guarantee by a Restricted Subsidiary of the Securities shall provide by its terms that it (and
all Liens securing the same) shall be automatically and unconditionally released and discharged upon (i)&nbsp;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 this 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)&nbsp;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)&nbsp;no other Indebtedness of the Company has been secured or guaranteed by such Restricted Subsidiary, as the case may be, or (B)&nbsp;the holders of all such other Indebtedness which
is secured or guaranteed by such Restricted Subsidiary also release their security interest in or guarantee by such Restricted Subsidiary (including any deemed release upon payment in full of all obligations under such Indebtedness). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1014. <U>Purchase of Securities upon a Change of Control</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) If a Change of Control shall occur at any time, then each Holder shall have the right to require that the Company purchase such
Holder&#146;s Securities 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 Securities, 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 in this Section&nbsp;1014 (the &#147;Change of Control Offer&#148;) and in accordance with the
other procedures set forth in subsections (b), (c), (d)&nbsp;and (e)&nbsp;of this Section&nbsp;1014. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 137 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Within 30 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 thereof and give written notice (a &#147;Change of Control Purchase Notice&#148;) of such Change of Control to each Holder by first-class mail, postage
prepaid, at his address appearing in the Security Register, stating among other things: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) that a Change of
Control has occurred or will occur, the date of such event, and that such Holder has the right to require the Company to repurchase such Holder&#146;s Securities at the Change of Control Purchase Price; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) 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); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(3)&nbsp;(i)&nbsp;the most recently filed Annual Report on Form&nbsp;10-K (including audited consolidated financial statements) of the Company, the most recent subsequently filed Quarterly Report on Form
10-Q, as applicable, and any Current Report on Form 8-K of the Company filed subsequent to such Quarterly Report (or in the event the Company is not required to prepare any of the foregoing Forms, the comparable information required to be prepared
by the Company and any Guarantor pursuant to Section&nbsp;1020), (ii)&nbsp;a description of material developments, if any, in the Company&#146;s business subsequent to the date of the latest of such reports and (iii)&nbsp;such other information, if
any, concerning the business of the Company which the Company in good faith believes will enable such Holders to make an informed investment decision regarding the Change of Control Offer; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(4) that the Change of Control Offer is being made pursuant to this Section&nbsp;1014 and that all Securities properly
tendered pursuant to the Change of Control Offer will be accepted for payment at the Change of Control Purchase Price; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(5) the Change of Control Purchase Date, which shall be fixed by the Company on a Business Day no earlier than 30 days nor later than 60 days from the date such notice is mailed, or such later date as is
necessary to comply with requirements under the Exchange Act;<I> provided </I>that the Change of Control Purchase Date may not occur prior to the Change of Control; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(6) the Change of Control Purchase Price; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 138 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(7) the names and addresses of the Paying Agent and the offices or agencies
referred to in Section&nbsp;1002; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(8) that Securities must be surrendered on or prior to the Change of
Control Purchase Date to the Paying Agent at the office of the Paying Agent or to an office or agency referred to in Section&nbsp;1002 to collect payment; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(9) that the Change of Control Purchase Price for any Security which has been properly tendered and not withdrawn will be paid promptly following the Change of Control Offer Purchase Date; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(10) the procedures that a Holder must follow to accept a Change of Control Offer or to withdraw such acceptance;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(11) that any Security not tendered will continue to accrue interest; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(12) that, unless the Company defaults in the payment of the Change of Control Purchase Price, any Securities accepted
for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control Purchase Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Upon receipt by the Company of the proper tender of Securities, the Holder of the Security in respect of which such proper tender
was made shall (unless the tender of such Security is properly withdrawn) thereafter be entitled to receive solely the Change of Control Purchase Price with respect to such Security. Upon surrender of any such Security for purchase in accordance
with the foregoing provisions, such Security shall be paid by the Company at the Change of Control Purchase Price; <I>provided</I>,<I> however</I>, that installments of interest whose Stated Maturity is on or prior to the Change of Control Purchase
Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates according to the terms and the provisions of Section&nbsp;309. If any Security tendered for
purchase in accordance with the provisions of this Section&nbsp;1014 shall not be so paid upon surrender thereof, the principal thereof (and premium, if any, thereon) shall, until paid, bear interest from the Change of Control Purchase Date at the
rate borne by such Security. Holders electing to have Securities purchased will be required to surrender such Securities to the Paying Agent at the address specified in the Change of Control Purchase Notice at least one Business Day prior to the
Change of Control Purchase Date. Any Security that is to be purchased only in part shall be surrendered to a Paying Agent at the office of such Paying Agent (with, if the Company, the Security Registrar or the Trustee so requires, due endorsement
by, or a written instrument of transfer in form satisfactory to the Company and the Security Registrar or the Trustee, as the case may be, duly executed by, the Holder thereof or such Holder&#146;s attorney duly authorized in
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 139 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
writing), and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, one or more new Securities of any authorized
denomination as requested by such Holder in an aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the Security so surrendered that is not purchased. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) The Company shall (i)&nbsp;not later than the Change of Control Purchase Date, accept for payment Securities or portions thereof
tendered pursuant to the Change of Control Offer, (ii)&nbsp;not later than 10:00 a.m. (New York time) on the Business Day following the Change of Control Purchase Date, deposit with the Trustee or with a Paying Agent an amount of money in same day
funds sufficient to pay the aggregate Change of Control Purchase Price of all the Securities or portions thereof which have been so accepted for payment and (iii)&nbsp;not later than 10:00 a.m. (New York time) on the Business Day following Change of
Control Purchase Date, deliver to the Paying Agent an Officers&#146; Certificate stating the Securities or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail or deliver to Holders of Securities so accepted
payment in an amount equal to the Change of Control Purchase Price of the Securities purchased from each such Holder, and the Company shall execute and the Trustee shall promptly authenticate and mail or deliver to such Holders a new Security equal
in principal amount to any unpurchased portion of the Security surrendered. Any Securities not so accepted shall be promptly mailed or delivered by the Paying Agent at the Company&#146;s expense to the Holder thereof. The Company will publicly
announce the results of the Change of Control Offer on the Change of Control Purchase Date. For purposes of this Section&nbsp;1014, the Company shall choose a Paying Agent which shall not be the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) A tender made in response to a Change of Control Purchase Notice may be withdrawn if the Company receives, not later than one
Business Day prior to the Change of Control Purchase Date, a telegram, telex, facsimile transmission or letter, specifying, as applicable: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(1) the name of the Holder; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) the certificate number of the
Security in respect of which such notice of withdrawal is being submitted; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(3) the principal amount of the
Security (which shall be $1,000 or an integral multiple thereof) delivered for purchase by the Holder as to which such notice of withdrawal is being submitted; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(4) a statement that such Holder is withdrawing his election to have such principal amount of such Security purchased;
and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 140 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(5) the principal amount, if any, of such Security (which shall be $1,000
or an integral multiple thereof) that remains subject to the original Change of Control Purchase Notice and that has been or will be delivered for purchase by the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(f) Subject to applicable escheat laws, the Trustee and the Paying Agent shall return to the Company any cash that remains unclaimed, together with interest or dividends, if any, thereon, held by them for
the payment of the Change of Control Purchase Price; <I>provided</I>,<I> however</I>, that, (x)&nbsp;to the extent that the aggregate amount of cash deposited by the Company pursuant to clause (ii)&nbsp;of paragraph (d)&nbsp;above exceeds the
aggregate Change of Control Purchase Price of the Securities or portions thereof to be purchased, then the Trustee shall hold such excess for the Company and (y)&nbsp;unless otherwise directed by the Company in writing, promptly after the Business
Day following the Change of Control Purchase Date the Trustee shall return any such excess to the Company together with interest, if any, thereon. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(g) The Company shall comply, to the extent applicable, with the applicable tender offer rules, including Rule 14e-1 under the Exchange Act, and any other applicable securities laws or regulations in
connection with a Change of Control Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) Notwithstanding the foregoing, 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 set forth in this Indenture applicable to a Change
of Control Offer made by the Company and purchases all the Securities validly tendered and not withdrawn under such Change of Control Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1015. <U>Limitation on Subsidiary Preferred Stock.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The Company will not permit (a)&nbsp;any Restricted Subsidiary of the Company to issue, sell or transfer any Preferred Stock, except for (i)&nbsp;Preferred Stock issued or sold to, held by or transferred
to the Company or a Wholly-Owned Restricted Subsidiary, and (ii)&nbsp;Preferred Stock issued by a Person prior to the time (A)&nbsp;such Person becomes a Restricted Subsidiary, (B)&nbsp;such Person merges with or into a Restricted Subsidiary or
(C)&nbsp;a Restricted Subsidiary merges with or into such Person; <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)&nbsp;or (C)&nbsp;or
(b)&nbsp;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)&nbsp;or (b), or upon the
acquisition of all the outstanding Capital Stock of such Restricted Subsidiary in accordance with the terms of this Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 141 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1016. <U>Limitation on Dividends and Other Payment Restrictions
Affecting Subsidiaries</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">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 (i)&nbsp;pay dividends or make any other distribution on its Capital Stock, or any other interest or
participation in or measured by its profits, (ii)&nbsp;pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii)&nbsp;make any Investment in the Company or any other Restricted Subsidiary or (iv)&nbsp;transfer any of its
properties or assets to the Company or any other Restricted Subsidiary,&nbsp;except for: (a)&nbsp;any encumbrance or restriction pursuant to an agreement in effect on the Issue Date; (b)&nbsp;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, provided 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; (c)&nbsp;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;
provided, however, that the restrictions are applicable only to such Restricted Subsidiary or assets; (d)&nbsp;any encumbrance or restriction existing under or by reason of applicable law or any requirement of any regulatory body; (e)&nbsp;customary
provisions restricting subletting or assignment of any lease governing any leasehold interest of any Restricted Subsidiary; (f)&nbsp;covenants in franchise agreements with Manufacturers customary for franchise agreements in the automobile retailing
industry; (g)&nbsp;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; (h)&nbsp;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 Section&nbsp;1011) that
restrict the transfer of property subject to such agreements, provided that any such encumbrance or restriction is released to the extent the underlying Lien is released or the related Indebtedness is repaid; (i)&nbsp;covenants in Inventory
Facilities customary for inventory and floor plan financing in the automobile retailing industry; (j)&nbsp;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; (k)&nbsp;customary non-assignment provisions contained in (a)&nbsp;any lease governing a leasehold interest or (b)&nbsp;any supply, license or
other agreement entered into in the ordinary course of business of the Company or any of its Restricted Subsidiaries; (l)&nbsp;Liens securing Indebtedness otherwise permitted to be incurred under Section&nbsp;1011 that limit the right of the debtor
to dispose of the assets subject to such Liens; (m)&nbsp;restrictions on cash or other deposits or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 142 -
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net worth imposed by customers or vendors under contracts entered into in the ordinary course of business; (n)&nbsp;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 this Indenture governing the Securities; and (o)&nbsp;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)&nbsp;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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1017. <U>Limitation on Senior Subordinated Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">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 pari passu with the Securities or the
Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities 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 this Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1018.
<U>Limitations on Unrestricted Subsidiaries</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may designate after the Issue Date any Subsidiary as an
&#147;Unrestricted Subsidiary&#148; under this Indenture (a &#147;Designation&#148;) only if: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) no Default shall have
occurred and be continuing at the time of or after giving effect to such Designation; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(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 Section&nbsp;1009 herein in an amount (the &#147;Designation Amount&#148;) equal to the
greater of (1)&nbsp;the net book value of the Company&#146;s interest in such Subsidiary calculated in accordance with GAAP or (2)&nbsp;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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) the Company would be permitted to incur $1.00 of additional Indebtedness (other than
Permitted Indebtedness) pursuant to Section&nbsp;1008 at the time of such Designation (assuming the effectiveness of such Designation); </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 143 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(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; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) such Unrestricted
Subsidiary is not liable, directly or indirectly, with respect to any Indebtedness other than Unrestricted Subsidiary Indebtedness, provided that an Unrestricted Subsidiary may provide a Guarantee for the Securities; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of any such Designation, the Company shall be deemed to have made an Investment constituting a Restricted Payment pursuant
to Section&nbsp;1009 for all purposes of this Indenture in the Designation Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company shall not and shall not cause
or permit any Restricted Subsidiary to at any time (x)&nbsp;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)&nbsp;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. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may revoke any Designation of a Subsidiary as an Unrestricted Subsidiary (a &#147;Revocation&#148;) if: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) no Default shall have occurred and be continuing at the time of and after giving effect to such Revocation; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) 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 this Indenture; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) 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
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 144 -
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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 Section&nbsp;1008 herein<I>.</I> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1019. <U>Provision of Financial Statements</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Whether or not the Company is subject to Section&nbsp;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&nbsp;13(a) or 15(d) of the Exchange Act) will, to the extent permitted under the Exchange Act, 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 13(a) or 15(d) if the Company or such Guarantor were so subject, such documents 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)&nbsp;within 15&nbsp;days of each
Required Filing Date (i)&nbsp;transmit by mail to all Holders, as their names and addresses appear in the Security Register, without cost to such Holders and (ii)&nbsp;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 13(a) or 15(d) of the Exchange Act if the Company and such Guarantor were subject to either of such Sections and (y)&nbsp;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. If any Guarantor&#146;s financial statements would be required to be included in the financial statements filed or delivered pursuant to this Indenture if the Company were subject to Section&nbsp;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 this Indenture. In addition, so long as any of the Securities remain outstanding, the Company will make
available to any prospective purchaser of Securities or beneficial owner of Securities in connection with any sale thereof the information required by Rule 144A(d)(4) under the Securities Act, until such time as the Company has either exchanged the
Securities 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 Securities pursuant to an effective registration statement under the
Securities Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For purposes of this Indenture, documents filed by the Company with the Commission via the EDGAR system (or
any successor system) will be deemed filed with the Trustee and provided to Holders and prospective purchasers as of the time such documents are so filed via the EDGAR system (or any successor system). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 145 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1020. <U>Statement by Officers as to Default</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The Company will deliver to the Trustee, on or before a date not more than 120 days after the end of each fiscal year of the Company
ending after the date hereof, and 60 days after the end of each fiscal quarter ending after the date hereof, a written statement signed by two executive officers of the Company and the Guarantors, one of whom shall be the principal executive
officer, principal financial officer or principal accounting officer of the Company and the Guarantors, as to compliance herewith, including whether or not, after a review of the activities of the Company during such year and of the Company&#146;s
and each Guarantor&#146;s performance under this Indenture, to the best knowledge, based on such review, of the signers thereof, the Company and each Guarantor have fulfilled all of their respective obligations and are in compliance with all
conditions and covenants under this Indenture throughout such year and, if there has been a Default specifying each Default and the nature and status thereof and any actions being taken by the Company with respect thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) When any Default or Event of Default has occurred and is continuing, or if the Trustee or any Holder or the trustee for or the
holder of any other evidence of Indebtedness of the Company or any Subsidiary gives any notice or takes any other action with respect to a claimed default the Company shall deliver to the Trustee by registered or certified mail or facsimile
transmission followed by an originally executed copy of an Officers&#146; Certificate specifying such Default, Event of Default, notice or other action, the status thereof and what actions the Company is taking or proposes to take with respect
thereto, within five Business Days after the occurrence of such Default or Event of Default. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1021. <U>Waiver of Certain Covenants</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company may omit in any particular instance to comply with any covenant or condition set forth in Sections 1006 through 1011, 1013
and 1015 through 1020, if, before or after the time for such compliance, the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding shall, by Act of such Holders, waive such compliance in such
instance with such covenant or provision, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties
of the Trustee in respect of any such covenant or condition shall remain in full force and effect. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 146 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1022. <U>Escrow of Proceeds</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Pursuant to the terms of the Escrow Agreement, the net proceeds from the offering of the Securities shall be deposited into a segregated
escrow account with the Escrow Agent on the Issue Date, and the Company shall deposit on the Issue Date an additional amount of cash sufficient to fund the Special Mandatory Redemption (the &#147;Escrow Proceeds&#148;).&nbsp;The Escrow Agent shall
only release the Escrow Proceeds to the Company upon satisfaction of the following conditions set forth in the form of an Officers&#146; Certificate included as Exhibit D to the Escrow Agreement, which shall be certified in writing by the Company in
such Officers&#146; Certificate delivered to the Escrow Agent contemporaneously with the release of the Escrow Proceeds: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)
The Company shall have accepted for exchange at least $80.0 million aggregate principal amount of its outstanding 5.0% Securities in the 5.0% Securities Exchange Offer prior to October&nbsp;23, 2012; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) No Default or Event of Default shall have occurred and be continuing under this Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 147 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE ELEVEN </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">REDEMPTION OF SECURITIES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1101. <U>Rights of Redemption</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Securities
are subject to redemption, subject to the conditions, and at the Redemption Prices, specified in the Form of Reverse of Securities, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record
on relevant Regular Record Dates and Special Record Dates to receive interest due on relevant Interest Payment Dates and Special Payment Dates). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1102. <U>Applicability of Article</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Redemption
of Securities at the election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article Eleven. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1103. <U>Election to Redeem; Notice to Trustee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The election of the Company to redeem any Securities pursuant to Section&nbsp;1101 shall be evidenced by a Company Order and an
Officers&#146; Certificate. In case of any redemption at the election of the Company, except as otherwise provided herein, the Company shall, not less than 45 nor more than 60 days prior to the Redemption Date fixed by the Company (unless a shorter
notice period shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of Securities to be redeemed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1104. <U>Selection by Trustee of Securities to Be Redeemed</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">If less than all the Securities are to be redeemed, the Trustee shall select the Securities or portions thereof to be redeemed in compliance with the requirements of the principal national security
exchange, if any, on which the Securities are listed, or if the Securities are not so listed, the Trustee shall select them on a on a pro rata basis, by lot or by any other method the Trustee shall deem fair and reasonable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee shall promptly notify the Company and the Security Registrar in writing of the Securities selected for redemption and, in
the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For all purposes of
this Indenture, unless the context otherwise requires, all provisions relating to redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security
which has been or is to be redeemed. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 148 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1105. <U>Notice of Redemption</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Except as otherwise provided herein, notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30
days nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at its address appearing in the Security Register. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">All notices of redemption shall state: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) the Redemption Date; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) the Redemption Price; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(c) if less than all Outstanding Securities are to be redeemed, the identification of the particular Securities to be redeemed; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(d) in the case of a Security to be redeemed in part, the principal amount of such Security to be redeemed and that after the Redemption Date upon surrender of such Security, new Security or Securities in
the aggregate principal amount equal to the unredeemed portion thereof will be issued; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) that Securities called for
redemption must be surrendered to the Paying Agent to collect the Redemption Price; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) that on the Redemption Date the
Redemption Price will become due and payable upon each such Security or portion thereof to be redeemed, and that (unless the Company shall default in payment of the Redemption Price) interest thereon shall cease to accrue on and after said date;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) the names and addresses of the Paying Agent and the offices or agencies referred to in Section&nbsp;1002 where such
Securities are to be surrendered for payment of the Redemption Price; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h) the CUSIP number, if any, relating to such
Securities; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) the procedures that a Holder must follow to surrender the Securities to be redeemed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company&#146;s
written request, by the Trustee in the name and at the expense of the Company. If the Company elects to give notice of redemption, it shall provide the Trustee with a certificate stating that such notice has been given in compliance with the
requirements of this Section&nbsp;1105. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 149 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The notice if mailed in the manner herein provided shall be conclusively presumed to have
been given, whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of
the proceedings for the redemption of any other Security. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1106. <U>Deposit of Redemption
Price</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Except as otherwise provided herein, on or prior to any Redemption Date, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company or any of its Affiliates is acting as Paying Agent, segregate and hold in trust as provided in Section&nbsp;1003) an amount of money in same day funds sufficient to pay the Redemption Price of, and
(except if the Redemption Date shall be an Interest Payment Date or Special Payment Date) accrued interest on, all the Securities or portions thereof which are to be redeemed on that date. The Paying Agent shall promptly mail or deliver to Holders
of Securities so redeemed payment in an amount equal to the Redemption Price of the Securities purchased from each such Holder. All money, if any, earned on funds held in trust by the Trustee or any Paying Agent shall be remitted to the Company. For
purposes of this Section&nbsp;1106, the Company shall choose a Paying Agent which shall not be the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1107. <U>Securities Payable on Redemption Date</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Holders will be required to
surrender the Securities to be redeemed to the Paying Agent at the address specified in the notice of redemption at least one Business Day prior to the Redemption Date. Upon surrender of any such Security for redemption in accordance with said
notice, such Security shall be paid by the Company at the Redemption Price together with accrued interest to the Redemption Date; <I>provided</I>,<I> however</I>, that installments of interest whose Stated Maturity is on or prior to the Redemption
Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Regular Record Dates and Special Record Dates according to the terms and the provisions of Section&nbsp;309.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and premium,
if any, shall, until paid, bear interest from the Redemption Date at the rate borne by such Security. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 150 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1108. <U>Securities Redeemed or Purchased in Part</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Any Security which is to be redeemed or purchased only in part shall be surrendered to the Paying Agent at the office or
agency maintained for such purpose pursuant to Section&nbsp;1002 (with, if the Company, the Security Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Security
Registrar or the Trustee, as the case may be, duly executed by, the Holder thereof or such Holder&#146;s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such
Security without service charge, a new Security or Securities, of any authorized denomination as requested by such Holder in aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Security so
surrendered that is not redeemed or purchased. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE TWELVE </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">SATISFACTION AND DISCHARGE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1201. <U>Satisfaction and Discharge of Indenture</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights of registration of transfer or exchange of Securities as expressly provided for herein) as to all
Outstanding Securities hereunder, and the Trustee, upon Company Request and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) either </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(1) all the Securities theretofore authenticated and delivered (except (i)&nbsp;lost, stolen or destroyed Securities which have been replaced or paid as provided in Section&nbsp;308 or (ii)&nbsp;all
Securities whose payment has theretofore 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 in Section&nbsp;1003) have been delivered to the Trustee
for cancellation; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) all Securities not theretofore delivered to the Trustee for cancellation
(i)&nbsp;have become due and payable, (ii)&nbsp;will become due and payable at their Stated Maturity within one year or (iii)&nbsp;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; and the Company or any Guarantor has irrevocably deposited or caused to be deposited with the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 151 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">
Trustee as trust funds in trust an amount in United States dollars sufficient to pay and discharge the entire Indebtedness on the Securities not theretofore delivered to the Trustee for
cancellation, including the principal of, premium, if any, and accrued interest on, such Securities at such Maturity, Stated Maturity or Redemption Date; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) the Company or any Guarantor has paid or caused to be paid all other sums payable hereunder by the Company and any Guarantor; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) 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)&nbsp;all conditions precedent herein relating to the satisfaction and discharge hereof have been complied with and (ii)&nbsp;such satisfaction and discharge will not result in a breach or
violation of, or constitute a default under, this 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. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notwithstanding the satisfaction and discharge hereof, the obligations of the Company to the Trustee under
Section&nbsp;607 and, if United States dollars shall have been deposited with the Trustee pursuant to subclause (2)&nbsp;of subsection&nbsp;(a) of this Section&nbsp;1201, the obligations of the Trustee under Section&nbsp;1202 and the last paragraph
of Section&nbsp;1003 shall survive. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1202. <U>Application of Trust Money</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Subject to the provisions of the last paragraph of Section&nbsp;1003, all United States dollars deposited with the Trustee pursuant to
Section&nbsp;1201 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as
the Trustee may determine, to the Persons entitled thereto, of the principal of, premium, if any, and interest on, the Securities for whose payment such United States dollars have been deposited with the Trustee. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 152 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE THIRTEEN </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">GUARANTEES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1301. <U>Guarantors&#146;&nbsp;Guarantee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">For
value received, each of the Guarantors, in accordance with this Article Thirteen, hereby absolutely, fully, unconditionally and irrevocably guarantees, jointly and severally with each other and with each other Person which may become a Guarantor
hereunder, to the Trustee and the Holders, as if the Guarantors were the principal debtor, the punctual payment and performance when due of all Indenture Obligations (which for purposes of this Guarantee shall also be deemed to include all
commissions, fees, charges, costs and other expenses (including reasonable legal fees and disbursements of one counsel) arising out of or incurred by the Trustee or the Holders in connection with the enforcement of this Guarantee). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1302. <U>Continuing Guarantee; No Right of Set-Off; Independent Obligation</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) This Guarantee shall be a continuing guarantee of the payment and performance of all Indenture Obligations and shall remain in full
force and effect until the payment in full of all of the Indenture Obligations and shall apply to and secure any ultimate balance due or remaining unpaid to the Trustee or the Holders; and this Guarantee shall not be considered as wholly or
partially satisfied by the payment or liquidation at any time or from time to time of any sum of money for the time being due or remaining unpaid to the Trustee or the Holders. Each Guarantor, jointly and severally, covenants and agrees to comply
with all obligations, covenants, agreements and provisions applicable to it in this Indenture including those set forth in Article Eight. Without limiting the generality of the foregoing, each Guarantor&#146;s liability shall extend to all amounts
which constitute part of the Indenture Obligations and would be owed by the Company under this Indenture and the Securities but for the fact that they are unenforceable, reduced, limited, impaired, suspended or not allowable due to the existence of
a bankruptcy, reorganization or similar proceeding involving the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Each Guarantor, jointly and severally, hereby
guarantees that the Indenture Obligations will be paid to the Trustee without set-off or counterclaim or other reduction whatsoever (whether for taxes, withholding or otherwise) in lawful currency of the United States of America. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) Each Guarantor, jointly and severally, guarantees that the Indenture Obligations shall be paid strictly in accordance with their
terms regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the holders of the Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 153 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) Each Guarantor&#146;s liability to pay or perform or cause the performance of the
Indenture Obligations under this Guarantee shall arise forthwith after demand for payment or performance by the Trustee has been given to the Guarantors in the manner prescribed in Section&nbsp;106 hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e) Except as provided herein, the provisions of this Article Thirteen cover all agreements between the parties hereto relative to this
Guarantee and none of the parties shall be bound by any representation, warranty or promise made by any Person relative thereto which is not embodied herein; and it is specifically acknowledged and agreed that this Guarantee has been delivered by
each Guarantor free of any conditions whatsoever and that no representations, warranties or promises have been made to any Guarantor affecting its liabilities hereunder, and that the Trustee shall not be bound by any representations, warranties or
promises now or at any time hereafter made by the Company to any Guarantor. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f) This Guarantee is a guarantee of payment,
performance and compliance and not of collectibility and is in no way conditioned or contingent upon any attempt to collect from or enforce performance or compliance by the Company or upon any event or condition whatsoever. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g) The obligations of the Guarantors set forth herein constitute the full recourse obligations of the Guarantors enforceable against
them to the full extent of all their assets and properties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1303.
<U>Guarantee&nbsp;Absolute</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The obligations of the Guarantors hereunder are independent of the obligations of the
Company under the Securities and this Indenture and a separate action or actions may be brought and prosecuted against any Guarantor whether or not an action or proceeding is brought against the Company and whether or not the Company is joined in
any such action or proceeding. The liability of the Guarantors hereunder is irrevocable, absolute and unconditional and (to the extent permitted by law) the liability and obligations of the Guarantors hereunder shall not be released, discharged,
mitigated, waived, impaired or affected in whole or in part by: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any defect or lack of validity or enforceability in respect of any Indebtedness or other obligation of the Company or any other Person under this Indenture or the
Securities, or any agreement or instrument relating to any of the foregoing; </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 154 -
</FONT></P>


<p Style='page-break-before:always'>
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any grants of time, renewals, extensions, indulgences, releases, discharges or modifications which the Trustee or the Holders may extend to, or make with, the Company,
any Guarantor or any other Person, or any change in the time, manner or place of payment of, or in any other term of, all or any of the Indenture Obligations, or any other amendment or waiver of, or any consent to or departure from, this Indenture
or the Securities, including any increase or decrease in the Indenture Obligations; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the taking of security from the Company, any Guarantor or any other Person, and the release, discharge or alteration of, or other dealing with, such security;
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the occurrence of any change in the laws, rules, regulations or ordinances of any jurisdiction by any present or future action of any governmental authority or court
amending, varying, reducing or otherwise affecting, or purporting to amend, vary, reduce or otherwise affect, any of the Indenture Obligations and the obligations of any Guarantor hereunder; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the abstention from taking security from the Company, any Guarantor or any other Person or from perfecting, continuing to keep perfected or taking advantage of any
security; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any loss, diminution of value or lack of enforceability of any security received from the Company, any Guarantor or any other Person, and including any other guarantees
received by the Trustee; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(g)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any other dealings with the Company, any Guarantor or any other Person, or with any security; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(h)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the Trustee&#146;s or the Holders&#146; acceptance of compositions from the Company or any Guarantor; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the application by the Holders or the Trustee of all monies at any time and from time to time received from the Company, any Guarantor or any other Person on account of
any indebtedness and liabilities owing by the Company or any Guarantor to the Trustee or the Holders, in such manner as the Trustee or the Holders deems best and the changing of such application in whole or in part and at any time or from time to
time, or any manner of application of collateral, or proceeds thereof, to all or any of the Indenture Obligations, or the manner of sale of any collateral; </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 155-
</FONT></P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(j)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the release or discharge of the Company or any Guarantor of the Securities or of any Person liable directly as surety or otherwise by operation of law or otherwise for
the Securities, other than an express release in writing given by the Trustee, on behalf of the Holders, of the liability and obligations of any Guarantor hereunder; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(k)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any change in the name, business, capital structure or governing instrument of the Company or any Guarantor or any refinancing or restructuring of any of the Indenture
Obligations; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(l)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the sale of the Company&#146;s or any Guarantor&#146;s business or any part thereof; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(m)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">subject to Section&nbsp;1314, any merger or consolidation, arrangement or reorganization of the Company, any Guarantor, any Person resulting from the merger or
consolidation of the Company or any Guarantor with any other Person or any other successor to such Person or merged or consolidated Person or any other change in the corporate existence, structure or ownership of the Company or any Guarantor or any
change in the corporate relationship between the Company and any Guarantor, or any termination of such relationship; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(n)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">the insolvency, bankruptcy, liquidation, winding-up, dissolution, receivership, arrangement, readjustment, assignment for the benefit of creditors or distribution of
the assets of the Company or its assets or any resulting discharge of any obligations of the Company (whether voluntary or involuntary) or of any Guarantor (whether voluntary or involuntary) or the loss of corporate existence;
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(o)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">subject to Section&nbsp;1314, any arrangement or plan of reorganization affecting the Company or any Guarantor; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(p)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any failure, omission or delay on the part of the Company to conform or comply with any term of this Indenture; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(q)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any limitation on the liability or obligations of the Company or any other Person under this Indenture, or any discharge, termination, cancellation, distribution,
irregularity, invalidity or unenforceability in whole or in part of this Indenture; </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 156 -
</FONT></P>


<p Style='page-break-before:always'>
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(r)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any other circumstance (including any statute of limitations) that might otherwise constitute a defense available to, or discharge of, the Company or any Guarantor; or
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(s)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">any modification, compromise, settlement or release by the Trustee, or by operation of law or otherwise, of the Indenture Obligations or the liability of the Company or
any other obligor under the Securities, in whole or in part, and any refusal of payment by the Trustee, in whole or in part, from any other obligor or other guarantor in connection with any of the Indenture Obligations, whether or not with notice
to, or further assent by, or any reservation of rights against, each of the Guarantors. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1304. <U>Right&nbsp;to&nbsp;Demand&nbsp;Full&nbsp;Performance</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of any demand for payment or performance by the Trustee from any Guarantor hereunder, the Trustee or the Holders shall have
the right to demand its full claim and to receive all dividends or other payments in respect thereof until the Indenture Obligations have been paid in full, and the Guarantors shall continue to be jointly and severally liable hereunder for any
balance which may be owing to the Trustee or the Holders by the Company under this Indenture and the Securities. The retention by the Trustee or the Holders of any security, prior to the realization by the Trustee or the Holders of its rights to
such security upon foreclosure thereon, shall not, as between the Trustee and any Guarantor, be considered as a purchase of such security, or as payment, satisfaction or reduction of the Indenture Obligations due to the Trustee or the Holders by the
Company or any part thereof. Each Guarantor, promptly after demand, will reimburse the Trustee and the Holders for all costs and expenses of collecting such amount under, or enforcing this Guarantee, including, without limitation, the reasonable
fees and expenses of counsel. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 157 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1305. <U>Waivers</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) Each Guarantor hereby expressly waives (to the extent permitted by law) notice of the acceptance of this Guarantee and notice of the
existence, renewal, extension or the non-performance, non-payment, or non-observance on the part of the Company of any of the terms, covenants, conditions and provisions of this Indenture or the Securities or any other notice whatsoever to or upon
the Company or such Guarantor with respect to the Indenture Obligations, whether by statute, rule of law or otherwise. Each Guarantor hereby acknowledges communication to it of the terms of this Indenture and the Securities and all of the provisions
therein contained and consents to and approves the same. Each Guarantor hereby expressly waives (to the extent permitted by law) diligence, presentment, protest and demand for payment with respect to (i)&nbsp;any notice of sale, transfer or other
disposition of any right, title to or interest in the Securities by the Holders or in this Indenture, (ii)&nbsp;any release of any Guarantor from its obligations hereunder resulting from any loss by it of its rights of subrogation hereunder and
(iii)&nbsp;any other circumstances whatsoever that might otherwise constitute a legal or equitable discharge, release or defense of a guarantor or surety or that might otherwise limit recourse against such Guarantor. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Without prejudice to any of the rights or recourses which the Trustee or the Holders may have against the Company, each Guarantor
hereby expressly waives (to the extent permitted by law) any right to require the Trustee or the Holders to: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="19%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">enforce, assert, exercise, initiate or exhaust any rights, remedies or recourse against the Company, any Guarantor or any other Person under this Indenture or
otherwise; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="19%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">value, realize upon, or dispose of any security of the Company or any other Person held by the Trustee or the Holders; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="19%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">initiate or exhaust any other remedy which the Trustee or the Holders may have in law or equity; or </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="19%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">(iv)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">mitigate the damages resulting from any default under this Indenture; </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">before requiring or becoming entitled to demand payment from such Guarantor under this Guarantee. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 158 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1306. <U>The Guarantors Remain Obligated in Event the Company
Is No Longer Obligated to Discharge Indenture Obligations</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">It is the express intention of the Trustee and the Guarantors
that if for any reason the Company has no legal existence, is or becomes under no legal obligation to discharge the Indenture Obligations owing to the Trustee or the Holders by the Company or if any of the Indenture Obligations owing by the Company
to the Trustee or the Holders becomes irrecoverable from the Company by operation of law or for any reason whatsoever, this Guarantee and the covenants, agreements and obligations of the Guarantors contained in this Article Thirteen shall
nevertheless be binding upon the Guarantors, as principal debtor, until such time as all such Indenture Obligations have been paid in full to the Trustee and all Indenture Obligations owing to the Trustee or the Holders by the Company have been
discharged, or such earlier time as Section&nbsp;402 shall apply to the Securities and the Guarantors shall be responsible for the payment thereof to the Trustee or the Holders upon demand. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1307. <U>Fraudulent&nbsp;Conveyance;&nbsp;Contribution; Subrogation</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) Each Guarantor that is a Subsidiary of the Company and, by its acceptance hereof, each Holder hereby confirms that it is the
intention of all such parties that the Guarantee by such Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent
Transfer Act or any similar federal or state law. To effectuate the foregoing intention, the Holders and such Guarantor hereby irrevocably agree that the obligations of such Guarantor under its Guarantee shall be limited to the maximum amount which,
after giving effect to all other contingent and fixed liabilities of such Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under
its Guarantee or pursuant to its contribution obligations under this Indenture, will result in the obligations of such Guarantor under its Guarantee not constituting such fraudulent transfer or conveyance. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a contribution from each other
Guarantor, if any, in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c)
Each Guarantor hereby waives all rights of subrogation or contribution, whether arising by contract or operation of law (including, without limitation, any such right arising under federal bankruptcy law) or otherwise by reason of any payment by it
pursuant to the provisions of this Article Thirteen until payment in full of all Indenture Obligations. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 159 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1308.
<U>Guarantee&nbsp;Is&nbsp;in&nbsp;Addition&nbsp;to&nbsp;Other Security</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Guarantee shall be in addition to and not
in substitution for any other guarantees or other security which the Trustee may now or hereafter hold in respect of the Indenture Obligations owing to the Trustee or the Holders by the Company and (except as may be required by law) the Trustee
shall be under no obligation to marshal in favor of each of the Guarantors any other guarantees or other security or any moneys or other assets which the Trustee may be entitled to receive or upon which the Trustee or the Holders may have a claim.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1309. <U>Release&nbsp;of&nbsp;Security&nbsp;Interests</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, each Guarantor hereby consents and
agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of the Guarantors hereunder, shall not be affected by any and all releases for any purpose of any collateral, if any, from the
Liens and security interests created by any collateral document and that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must
otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of the Company or otherwise, all as though such payment had not been made. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1310. <U>No&nbsp;Bar&nbsp;to&nbsp;Further&nbsp;Actions</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Except as provided by law, no action or proceeding brought or instituted under Article Thirteen and this Guarantee and no recovery or judgment in pursuance thereof shall be a bar or defense to any further
action or proceeding which may be brought under Article Thirteen and this Guarantee by reason of any further default or defaults under Article Thirteen and this Guarantee or in the payment of any of the Indenture Obligations owing by the Company.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1311. <U>Failure to Exercise Rights Shall Not Operate as a Waiver; No Suspension of
Remedies</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) No failure to exercise and no delay in exercising, on the part of the Trustee or the Holders, any right,
power, privilege or remedy under this Article Thirteen </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 160 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
and this Guarantee shall operate as a waiver thereof, nor shall any single or partial exercise of any rights, power, privilege or remedy preclude any other or further exercise thereof, or the
exercise of any other rights, powers, privileges or remedies. The rights and remedies herein provided for are cumulative and not exclusive of any rights or remedies provided in law or equity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Nothing contained in this Article Thirteen shall limit the right of the Trustee or the Holders to take any action to accelerate the
maturity of the Securities pursuant to Article Five or to pursue any rights or remedies hereunder or under applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1312. <U>Trustee&#146;s&nbsp;Duties;&nbsp;Notice&nbsp;to&nbsp;Trustee</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) Any provision in this Article Thirteen or elsewhere in this Indenture allowing the Trustee to request any information or to take any action authorized by, or on behalf of any Guarantor, shall be
permissive and shall not be obligatory on the Trustee except as the Holders may direct in accordance with the provisions of this Indenture or where the failure of the Trustee to request any such information or to take any such action arises from the
Trustee&#146;s negligence, bad faith or willful misconduct. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The Trustee shall not be required to inquire into the
existence, powers or capacities of the Company, any Guarantor or the officers, directors or agents acting or purporting to act on their respective behalf. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1313. <U>Successors&nbsp;and&nbsp;Assigns</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">All
terms, agreements and conditions of this Article Thirteen shall extend to and be binding upon each Guarantor and its successors and permitted assigns and shall enure to the benefit of and may be enforced by the Trustee and its successors and
assigns; <I>provided, however,</I> that the Guarantors may not assign any of their rights or obligations hereunder other than in accordance with Article Eight. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1314. <U>Release&nbsp;of&nbsp;Guarantee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Concurrently with the payment in full of all of the Indenture Obligations, the Guarantors shall be released from and relieved of their
obligations under this Article Thirteen. Upon the delivery by the Company to the Trustee of an Officers&#146; Certificate and, if requested by the Trustee, an Opinion of Counsel to the effect that the transaction giving rise to the release of this
Guarantee was made by the Company in accordance with the provisions of this Indenture and the Securities, the Trustee shall execute any </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 161 -
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
documents reasonably required in order to evidence the release of the Guarantors from their obligations under this Guarantee. If any of the Indenture Obligations are revived and reinstated after
the termination of this Guarantee, then all of the obligations of the Guarantors under this Guarantee shall be revived and reinstated as if this Guarantee had not been terminated until such time as the Indenture Obligations are paid in full, and
each Guarantor shall enter into an amendment to this Guarantee, reasonably satisfactory to the Trustee, evidencing such revival and reinstatement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">This Guarantee shall terminate with respect to each Guarantor and shall be automatically and unconditionally released and discharged as provided in Section&nbsp;1013(c). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1315. <U>Execution&nbsp;of&nbsp;Guarantee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) To evidence the Guarantee, each Guarantor hereby agrees to execute the guarantee substantially in the form set forth in
Section&nbsp;204, to be endorsed on each Security authenticated and delivered by the Trustee and that this Indenture shall be executed on behalf of each Guarantor by its Chairman of the Board, its President, its Chief Executive Officer, Chief
Operating Officer or one of its Vice Presidents. The signature of any of these officers on the Securities may be manual or facsimile. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) Any person that was not a Guarantor on the Issue Date may become a Guarantor by executing and delivering to the Trustee (i)&nbsp;a supplemental indenture in form and substance satisfactory to the
Trustee, which subjects such person to the provisions (including the representations and warranties) of this Indenture as a Guarantor, (ii)&nbsp;in the event that as of the date of such supplemental indenture any Registrable Securities are
outstanding, an instrument in form and substance satisfactory to the Trustee which subjects such person to the provisions of the Registration Rights Agreement with respect to such outstanding Registrable Securities, and (iii)&nbsp;an Opinion of
Counsel to the effect that such supplemental indenture has been duly authorized and executed by such person and constitutes the legal, valid and binding obligation of such person (subject to such customary assumptions and exceptions as may be
acceptable to the Trustee in its reasonable discretion). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) If an officer whose signature is on this Indenture no longer
holds that office at the time the Trustee authenticates a Security on which this Guarantee is endorsed, such Guarantee shall be valid nevertheless. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 162 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1316. <U>Guarantee Subordinate to Senior Guarantor
Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Each Guarantor covenants and agrees, and each Holder of a Guarantee, by his acceptance thereof, likewise
covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the Indebtedness represented by the Guarantees is hereby expressly made subordinate and subject in right of payment as provided in this Article to the
prior payment in full of all Senior Guarantor Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Article shall constitute a continuing offer to all Persons
who, in reliance upon such provisions, become holders of, or continue to hold Senior Guarantor Indebtedness; and such provisions are made for the benefit of the holders of Senior Guarantor Indebtedness; and such holders are made obligees hereunder
and they or each of them may enforce such provisions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1317. <U>Payment Over of Proceeds Upon
Dissolution of the Guarantor, etc.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of (a)&nbsp;any insolvency or bankruptcy case or proceeding, or any
receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to any Guarantor or to its assets, or (b)&nbsp;any liquidation, dissolution or other winding up of any Guarantor, whether voluntary or
involuntary, or whether or not involving insolvency or bankruptcy, or (c)&nbsp;any assignment for the benefit of creditors or any other marshaling of assets or liabilities of any Guarantor, then and in any such event: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) the holders of Senior Guarantor Indebtedness shall be entitled to receive payment in full of all amounts due on or in respect of all
Senior Guarantor Indebtedness before the Holders of the Securities are entitled to receive any payment or distribution of any kind or character (excluding Permitted Guarantor Junior Payment) on account of the Guarantee of such Guarantor or on
account of the purchase, redemption, defeasance or other acquisition of, or in respect of the Guarantees (other than amounts previously set aside with the Trustee, or payments previously made, in either case, pursuant to the provisions of Sections
402 and 403 of this Indenture); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) any payment or distribution of assets of any Guarantor of any kind or character,
whether in cash, property or securities (excluding Permitted Guarantor Junior Payment), by set-off or otherwise, to which the Holders or the Trustee would be entitled but for the provisions of this Article shall be paid by the liquidating trustee or
agent or other Person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Guarantor Indebtedness or their representative or representatives or to the
trustee or trustees under any indenture under which any instruments evidencing any of such Senior Guarantor Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the Senior Guarantor
Indebtedness held or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 163 -
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represented by each, to the extent necessary to make payment in full of all Senior Guarantor Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the
holders of such Senior Guarantor Indebtedness; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(3) in the event that, notwithstanding the foregoing provisions of this
Section, the Trustee or the Holder of any Security shall have received any payment or distribution of assets of any Guarantor of any kind or character, whether in cash, property or securities (excluding Permitted Guarantor Junior Payment), in
respect of the Guarantee of such Guarantor before all Senior Guarantor Indebtedness is paid in full, then and in such event such payment or distribution (excluding Permitted Guarantor Junior Payment) shall be paid over or delivered forthwith to the
trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payments or distributions of assets of such Guarantor for application to the payment of all Senior Guarantor Indebtedness remaining unpaid, to
the extent necessary to pay all Senior Guarantor Indebtedness in full after giving effect to any concurrent payment or distribution to or for the holders of Senior Guarantor Indebtedness. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The consolidation of any Guarantor with, or the merger of any Guarantor with or into, another Person or the liquidation or dissolution
of any Guarantor following the sale, assignment, conveyance, transfer, lease or other disposal of its properties and assets substantially as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a
dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshaling of assets and liabilities of such Guarantor for the purposes of this Section if the Person formed by such consolidation or the surviving
entity of such merger or the Person which acquires by sale, assignment, conveyance, transfer, lease or other disposal of such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation, merger,
sale, assignment, conveyance, transfer, lease or other disposal, comply with the conditions set forth in Article Eight. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1318. <U>Suspension of Payment When Designated Senior Guarantor Indebtedness in Default</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) Upon the maturity of any Senior Guarantor Indebtedness by lapse of time, acceleration or otherwise, all principal thereof and interest thereon and other amounts due in connection therewith shall first
be paid in full or such payment duly provided for before any payment is made by any of the Guarantors or any Person acting on behalf of any of the Guarantors in respect of the Guarantee of such Guarantor. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) No payment (excluding payments in the form of Permitted Guarantor Junior Payment) shall be made by any Guarantor in respect of its
Guarantee during the period in which Section&nbsp;1317 shall be applicable, during any suspension of payments in effect under Section&nbsp;1403(a) of this Indenture or during any Payment Blockage Period in effect under Sections 1403(b) and
(c)&nbsp;of this Indenture. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 164 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) In the event that, notwithstanding the foregoing, any Guarantor shall make any payment
to the Trustee or the Holder of its Guarantee prohibited by the foregoing provisions of this Section, then and in such event such payment shall be paid over and delivered forthwith to a Senior Guarantor Representative of the holders of the Senior
Guarantor Indebtedness or as a court of competent jurisdiction shall direct. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1319. <U>Payment
Permitted by Each of the Guarantors if No Default</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing contained in this Article, elsewhere in this Indenture or in
any of the Securities shall prevent any Guarantor, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of
such Guarantor referred to in Section&nbsp;1317 or under the conditions described in Section&nbsp;1318, from making payments at any time on the Guarantees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1320. <U>Subrogation to Rights of Holders of Senior Guarantor Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">After the payment in full of all Senior Guarantor Indebtedness, the Holders of the Guarantees shall be subrogated to the rights of the holders of such Senior Guarantor Indebtedness to receive payments and
distributions of cash, property and securities applicable to the Senior Guarantor Indebtedness until the payment on the Guarantees shall be paid in full. For purposes of such subrogation, no payments or distributions to the holders of Senior
Guarantor Indebtedness of any cash, property or securities to which the Holders of the Guarantees or the Trustee would be entitled except for the provisions of this Article, and no payments over pursuant to the provisions of this Article to the
holders of Senior Guarantor Indebtedness by Holders of the Guarantees or the Trustee, shall, as among any Guarantor, its creditors other than holders of Senior Guarantor Indebtedness, and the Holders of the Guarantees, be deemed to be a payment or
distribution by such Guarantor to or on account of the Senior Guarantor Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1321.
<U>Provisions Solely to Define Relative Rights</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The provisions of Sections 1316 through 1329 of this Indenture are
intended solely for the purpose of defining the relative rights of the Holders of the Guarantees on the one hand and the holders of Senior Guarantor Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or
in the Guarantees is intended to or shall (a)&nbsp;impair, as among any Guarantor, its creditors other than holders of Senior Guarantor Indebtedness and the Holders of the Guarantees, the obligation such Guarantor, which is absolute and
unconditional, to pay to the Holders of the Guarantees the payment on the Guarantees as and when the same shall become due and payable in accordance with their terms; or (b)&nbsp;affect the relative rights against each of the Guarantors of the
Holders of the Guarantees and creditors of each of the Guarantors other </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 165 -
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than the holders of Senior Guarantor Indebtedness; or (c)&nbsp;prevent the Trustee or the Holder of any Guarantee from exercising all remedies otherwise permitted by applicable law upon default
under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Guarantor Indebtedness (1)&nbsp;in any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other
marshaling of assets and liabilities of the Guarantors referred to in Section&nbsp;1317, to receive, pursuant to and in accordance with such Section, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder, or
(2)&nbsp;under the conditions specified in Section&nbsp;1318, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section&nbsp;1318(c). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1322. <U>Trustee to Effectuate Subordination</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Each Holder of a Guarantee by such Holder&#146;s acceptance thereof authorizes and directs the Trustee on such Holder&#146;s behalf to
take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee such Holder&#146;s attorney-in-fact for any and all such purposes, including, in the event of any dissolution,
winding-up, liquidation or reorganization of any Guarantor whether in bankruptcy, insolvency, receivership proceedings, or otherwise, the timely filing of a claim for the unpaid balance of the indebtedness of any Guarantor owing to such Holder in
the form required in such proceedings and the causing of such claim to be approved. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1323. <U>No
Waiver of Subordination Provisions</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) No right of any present or future holder of any Senior Guarantor Indebtedness to
enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Guarantor or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by
any Guarantor with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) Without limiting the generality of subsection (a)&nbsp;of this Section, the holders of Senior Guarantor Indebtedness may, at any time and from time to time, without the consent of or notice to the
Trustee or the Holders of the Guarantees, without incurring responsibility to the Holders of the Guarantees and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Guarantees
to the holders of Senior Guarantor Indebtedness, do any one or more of the following: (1)&nbsp;change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Guarantor Indebtedness or any instrument
evidencing the same or any agreement under which Senior Guarantor Indebtedness is outstanding; (2)&nbsp;sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Guarantor Indebtedness;
(3)&nbsp;release any Person </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 166 -
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liable in any manner for the collection or payment of Senior Guarantor Indebtedness; and (4)&nbsp;exercise or refrain from exercising any rights against any of the Guarantors and any other
Person; <I>provided, however,</I> that in no event shall any such actions limit the right of the Holders of the Guarantees to take any action to accelerate the maturity of the Securities pursuant to Article Five of this Indenture or to pursue any
rights or remedies hereunder or under applicable laws if the taking of such action does not otherwise violate the terms of this Article. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1324. <U>Notice to Trustee by Each of the Guarantors</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(a) Each Guarantor shall give prompt written notice to the Trustee of any fact known to such Guarantor which would prohibit the making of any payment to or by the Trustee in respect of the Guarantee.
Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of
the Guarantees, unless and until the Trustee shall have received written notice thereof from any Guarantor or a holder of Senior Guarantor Indebtedness or from a Senior Guarantor Representative or any trustee, fiduciary or agent therefor; and, prior
to the receipt of any such written notice, the Trustee shall be entitled in all respects to assume that no such facts exist; <I>provided, however,</I> that if the Trustee shall not have received the notice provided for in this Section by Noon,
Eastern Time, on the Business Day prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of, premium, if any, or interest on any Guarantee), then,
anything herein contained to the contrary notwithstanding but without limiting the rights and remedies of the holders of Senior Guarantor Indebtedness, a Senior Guarantor Representative or any trustee, fiduciary or agent thereof, the Trustee shall
have full power and authority to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary which may be received by it after such date; nor shall the Trustee be
charged with knowledge of the curing of any default or the elimination of the act or condition preventing any such payment unless and until the Trustee shall have received an Officers&#146; Certificate to such effect. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The Trustee shall be entitled to rely on the delivery to it of a written notice to the Trustee and each Guarantor by a Person
representing himself to be a Senior Guarantor Representative or a holder of Senior Guarantor Indebtedness (or a trustee, fiduciary or agent therefor) to establish that such notice has been given by a Senior Guarantor Representative or a holder of
Senior Guarantor Indebtedness (or a trustee, fiduciary or agent therefor); <I>provided, however,</I> that failure to give such notice to the Company or any Guarantor shall not affect in any way the ability of the Trustee to rely on such notice. In
the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Guarantor Indebtedness to participate in any payment or distribution pursuant to this Article, the
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 167 -
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Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Guarantor Indebtedness held by such Person, the extent to which such
Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1325. <U>Reliance on
Judicial Orders or Certificates</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon any payment or distribution of assets of any Guarantor referred to in this Article,
the Trustee and the Holders of the Guarantees shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up
or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other person making such payment or distribution, or a certificate of
a Senior Guarantor Representative delivered to the Trustee or to the Holders of Guarantees for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Guarantor Indebtedness and other
indebtedness of such Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article, <I>provided</I> that the foregoing shall apply only if such court has
been fully apprised of the provisions of this Article. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1326. <U>Rights of Trustee as a Holder of
Senior Guarantor Indebtedness; Preservation of Trustee&#146;s Rights</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee in its individual capacity shall be
entitled to all the rights set forth in this Article with respect to any Senior Guarantor Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Guarantor Indebtedness, and nothing in this Indenture shall
deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section&nbsp;607. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1327. <U>Article Applicable to Paying Agents</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting under this
Indenture, the term &#147;Trustee&#148; as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if
such Paying Agent were named in this Article in addition to or in place of the Trustee<I>; provided, however,</I> that Section&nbsp;1326 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 168 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1328. <U>No Suspension of Remedies</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing contained in this Article shall limit the right of the Trustee or the Holders of Guarantees to take any action to accelerate the
maturity of the Securities pursuant to Article Five of this Indenture or to pursue any rights or remedies hereunder or under applicable law, subject to the rights, if any, under this Article of the holders, from time to time, of Senior Guarantor
Indebtedness to receive the cash, property or securities receivable upon the exercise of such rights or remedies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1329. <U>Trustee&#146;s Relation to Senior Guarantor Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">With respect to the holders of Senior Guarantor Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and
no implied covenants or obligations with respect to the holders of Senior Guarantor Indebtedness shall be read into this Article against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Guarantor
Indebtedness and the Trustee shall not be liable to any holder of Senior Guarantor Indebtedness if it shall in good faith mistakenly (absent negligence or willful misconduct) pay over or deliver to Holders, a Guarantor or any other Person moneys or
assets to which any holder of Senior Guarantor Indebtedness shall be entitled by virtue of this Article or otherwise. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">ARTICLE FOURTEEN </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#de1a1e">SUBORDINATION OF SECURITIES
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1401. <U>Securities Subordinate to Senior Indebtedness</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the
extent and in the manner hereinafter set forth in this Article, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on, the Securities are hereby expressly made subordinate and subject in
right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This Article Fourteen
shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold Senior Indebtedness; and such provisions are made for the benefit of the holders of Senior Indebtedness; and such
holders are made obligees hereunder and they or each of them may enforce such provisions. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 169 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1402. <U>Payment Over of Proceeds Upon Dissolution, etc.</U>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In the event of (a)&nbsp;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 (b)&nbsp;any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary, or whether or not involving insolvency
or bankruptcy, or (c)&nbsp;any assignment for the benefit of creditors or any other marshaling of assets or liabilities of the Company, then and in any such event: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(1) the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due on or in respect of Senior Indebtedness before the Holders of the Securities are entitled to receive
any payment or distribution of any kind or character (excluding Permitted Junior Payment) on account of the principal of, premium, if any, or interest on the Securities or on account of the purchase, redemption, defeasance or other acquisition of,
or in respect of, the Securities (other than amounts previously set aside with the Trustee, or payments previously made, in either case, pursuant to the provisions of Sections&nbsp;402 and 403 of this Indenture); and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities (excluding
Permitted Junior Payment), by set-off or otherwise, to which the Holders or the Trustee would be entitled but for the provisions of this Article shall be paid by the liquidating trustee or agent or other Person making such payment or distribution,
whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture under which any instruments
evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the Senior Indebtedness held or represented by each, to the extent necessary to make payment in full, of all
Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(3) in the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any payment or distribution of assets of the Company of any
kind or character, whether in cash, property or securities (excluding Permitted Junior Payment), in respect of principal, premium, if any, and interest on the Securities before all Senior Indebtedness is paid in full, then and in such event such
payment or distribution (excluding Permitted Junior Payment) shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payments or distributions of assets
of the Company for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full after giving effect to any concurrent payment or distribution to or for the holders of Senior
Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The consolidation of the Company with, or the merger of the Company with or into, another Person or the
liquidation or dissolution of the Company following the sale, assignment, conveyance, transfer, lease or other disposal of its properties and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 170 -
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assets substantially as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a dissolution, winding up, liquidation, reorganization,
assignment for the benefit of creditors or marshaling of assets and liabilities of the Company for the purposes of this Section if the Person formed by such consolidation or the surviving entity of such merger or the Person which acquires by sale,
assignment, conveyance, transfer, lease or other disposal of such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation, merger, sale, assignment, conveyance, transfer, lease or other
disposal, comply with the conditions set forth in Article Eight. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1403. <U>Suspension of Payment
When Designated Senior Indebtedness in Default</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) Unless Section&nbsp;1402 shall be applicable, upon the occurrence
and during the continuance of any default in the payment of any Designated Senior Indebtedness beyond any applicable grace period (a &#147;Payment Default&#148;) and after the receipt by the Trustee from a Senior Representative of any Designated
Senior Indebtedness of written notice of such default, no payment (other than amounts previously set aside with the Trustee or payments previously made, in either case, pursuant to Section&nbsp;402 or 403 in this Indenture) or distribution of any
assets of the Company or any Subsidiary of any kind or character (excluding Permitted Junior Payment) may be made by the Company on account of the principal of, premium, if any, or interest on, the Securities, or on account of the purchase,
redemption, defeasance or other acquisition of or in respect of, the Securities unless and until such Payment 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 (subject to the other provisions of this Article Fourteen) resume making any and all required payments in respect of the Securities, including any missed payments. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) Unless Section&nbsp;1402 shall be applicable, (1)&nbsp;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 (2)&nbsp;after the receipt by the Trustee and the
Company from a Senior Representative of any Designated Senior Indebtedness of written notice of such Non-payment Default, no payment (other than any amounts previously set aside with the Trustee, or payments previously made, in either case, pursuant
to the provisions of Sections 402 or 403 in this Indenture) or distribution of any assets of the Company of any kind or character (excluding Permitted Junior Payment) may be made by the Company or any Subsidiary on account of the principal of,
premium, if any, or interest on, the Securities, or on account of the purchase, redemption, defeasance or other acquisition of, or in respect of, the Securities for the period specified below (&#147;Payment Blockage Period&#148;). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 171 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(c) 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 (i)&nbsp;the 179th day after such commencement, (ii)&nbsp;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 (iii)&nbsp;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, after which, in the case of clauses (i), (ii)&nbsp;and (iii), the Company shall promptly resume making any and all required payments in respect of the Securities, including any missed payments. In no event will a Payment Blockage
Period extend beyond 179 days from the date of the receipt by the Company and the Trustee of the notice initiating such Payment Blockage Period (such 179-day 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 Securities may not be made,
may commence and the duration of such period may not exceed 179 days. No Non-payment Default with respect to any 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. The Company
shall deliver a notice to the Trustee promptly after the date on which any Non-payment Default is cured or waived or ceases to exist or on which the Designated Senior Indebtedness related thereto is discharged or paid in full, and the Trustee is
authorized to act in reliance on such notice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(d) In the event that, notwithstanding the foregoing, the Company shall make
any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, then and in such event such payment shall be paid over and delivered forthwith to a Senior Representative of the holders of the
Designated Senior Indebtedness or as a court of competent jurisdiction shall direct. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1404.
<U>Payment Permitted if No Default</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing contained in this Article, elsewhere in this Indenture or in any of the
Securities shall prevent the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding-up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company
referred to in Section&nbsp;1402 or under the conditions described in Section&nbsp;1403, from making payments at any time of principal of, premium, if any, or interest on the Securities. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 172 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1405. <U>Subrogation to Rights of Holders of Senior
Indebtedness</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">After the payment in full, the Holders of the Securities shall be subrogated to the rights of the holders
of such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of, premium, if any, and interest on, the Securities shall be paid in full. For purposes of
such subrogation, no payments or distributions to the holders of Senior Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and no
payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness, and the Holders of the
Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Indebtedness. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1406. <U>Provisions Solely to Define Relative Rights</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">The provisions of this Article are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other
hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a)&nbsp;impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Securities, the
obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of, premium, if any, and interest on, the Securities as and when the same shall become due and payable in accordance with their
terms; or (b)&nbsp;affect the relative rights against the Company or the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c)&nbsp;prevent the Trustee or the Holder of any Security from
exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (1)&nbsp;in any case, proceeding, dissolution, liquidation or
other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to in Section&nbsp;1402, to receive, pursuant to and in accordance with such Section, cash, property and securities
otherwise payable or deliverable to the Trustee or such Holder, or (2)&nbsp;under the conditions specified in Section&nbsp;1403, to prevent any payment prohibited by such Section or enforce their rights pursuant to Section&nbsp;1403(d). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1407. <U>Trustee to Effectuate Subordination</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Each Holder of a Security by such Holder&#146;s acceptance thereof authorizes and directs the Trustee on such Holder&#146;s behalf to
take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee such Holder&#146;s attorney-in-fact for any and all such purposes, including, in the event of any dissolution,
winding-up, liquidation or reorganization of the Company </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 173 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">
whether in bankruptcy, insolvency, receivership proceedings, or otherwise, the timely filing of a claim for the unpaid balance of the indebtedness of the Company owing to such Holder in the form
required in such proceedings and the causing of such claim to be approved. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1408. <U>No Waiver of
Subordination Provisions</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) No right of any present or future holder of any Senior Indebtedness to enforce
subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by the
Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(b) Without limiting the generality of subsection (a)&nbsp;of this Section, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or
the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the
holders of Senior Indebtedness, do any one or more of the following: (1)&nbsp;change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness or any instrument evidencing the same or any
agreement under which Senior Indebtedness is outstanding; (2)&nbsp;sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (3)&nbsp;release any Person liable in any manner for the
collection or payment of Senior Indebtedness; and (4)&nbsp;exercise or refrain from exercising any rights against the Company and any other Person; <I>provided, however,</I> that in no event shall any such actions limit the right of the Holders of
the Securities to take any action to accelerate the maturity of the Securities pursuant to Article&nbsp;Five of this Indenture or to pursue any rights or remedies hereunder or under applicable laws if the taking of such action does not otherwise
violate the terms of this Article. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 174 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1409. <U>Notice to Trustee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a) The Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any
payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit
the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior Indebtedness or from a Senior Representative or any trustee,
fiduciary or agent therefor; and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects to assume that no such facts exist; <I>provided, however,</I> that if the Trustee shall not have received the notice
provided for in this Section by Noon, Eastern Time, on the Business Day prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of, premium, if any,
or interest on any Security), then, anything herein contained to the contrary notwithstanding but without limiting the rights and remedies of the holders of Senior Indebtedness, a Senior Representative or any trustee, fiduciary or agent thereof, the
Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary which may be received by it after such date; nor shall
the Trustee be charged with knowledge of the curing of any default or the elimination of the act or condition preventing any such payment unless and until the Trustee shall have received an Officers&#146; Certificate to such effect. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b) The Trustee shall be entitled to rely on the delivery to it of a written notice to the Trustee and the Company by a Person
representing himself to be a Senior Representative or a holder of Senior Indebtedness (or a trustee, fiduciary or agent therefor) to establish that such notice has been given by a Senior Representative or a holder of Senior Indebtedness (or a
trustee, fiduciary or agent therefor); <I>provided, however,</I> that failure to give such notice to the Company shall not affect in any way the ability of the Trustee to rely on such notice. In the event that the Trustee determines in good faith
that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the
reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person
under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 175 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1410. <U>Reliance on Judicial Orders or Certificates</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee and the Holders of the
Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is
pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other person making such payment or distribution, or a certificate of a Senior Representative,
delivered to the Trustee or to the Holders of Securities for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article, <I>provided</I> that the foregoing shall apply only if such court has been fully apprised of the provisions of
this Article. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1411. <U>Rights of Trustee as a Holder of Senior Indebtedness; Preservation of
Trustee&#146;s Rights</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article with respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing
in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section&nbsp;607. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1412. <U>Article Applicable to Paying Agents</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting under this
Indenture, the term &#147;Trustee&#148; as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if
such Paying Agent were named in this Article in addition to or in place of the Trustee;<I> provided, however</I>, that Section&nbsp;1411 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1413. <U>No Suspension of Remedies</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Nothing contained in this Article shall limit the right of the Trustee or the Holders of Securities to take any action to accelerate the
maturity of the Securities pursuant to Article Five of this Indenture or to pursue any rights or remedies hereunder or under applicable law, subject to the rights, if any, under this Article of the holders, from time to time, of Senior Indebtedness
to receive the cash, property or securities receivable upon the exercise of such rights or remedies. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 176 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3" COLOR="#0000ff">Section&nbsp;1414. <U>Trustee&#146;s Relation to Senior Indebtedness</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its
covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Article against the Trustee. The Trustee shall not be deemed
to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall in good faith mistakenly (absent negligence or willful misconduct) pay over or deliver to Holders,
the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">*&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp; * </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 177 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, all
as of the day and year first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


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<TD WIDTH="91%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: David P. Cosper</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:&nbsp;&nbsp;&nbsp;Vice&nbsp;Chairman&nbsp;and&nbsp;Chief&nbsp;Financial&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer</FONT></P></TD></TR>
<TR>
<TD HEIGHT="19" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADI OF THE SOUTHEAST LLC (a South Carolina limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">ANTREV, LLC (a North Carolina limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ARNGAR, INC. (a North Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">AUTOBAHN, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">AVALON FORD, INC. (a Delaware corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">CASA
FORD OF HOUSTON, INC. (a Texas corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">CORNERSTONE ACCEPTANCE CORPORATION (a Florida corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA AUTO FACTORY, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA BEVERLY HILLS, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL F, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL N, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD H, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD N, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD T, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN N, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN VWD, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA HOLDING CORP. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA
LAS VEGAS H, INC. (a Nevada corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN F, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN LR, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY G, INC. (a California
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY H, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY T, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SAN BRUNO, INC. (a California
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SANTA MONICA V, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE H, INC. (a California
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE L, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA STEVENS CREEK, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA TORRANCE CPJ, INC. (a California
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FIRSTAMERICA AUTOMOTIVE, INC. (a Delaware corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FORT MILL FORD, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FORT MYERS COLLISION CENTER, LLC (a Florida
limited liability company)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 178 -
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<TD VALIGN="top" COLSPAN="3">
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRANCISCAN&nbsp;MOTORS,&nbsp;INC.&nbsp;(a&nbsp;California&nbsp;corporation)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRANK PARRA AUTOPLEX, INC. (a Texas corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FRONTIER OLDSMOBILE &#150; CADILLAC, INC. (a North Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">HMC FINANCE ALABAMA, INC.
(an Alabama corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">KRAMER MOTORS INCORPORATED (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">L DEALERSHIP GROUP, INC. (a Texas corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">MARCUS DAVID CORPORATION (a North Carolina
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a Tennessee corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a Texas corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">MOUNTAIN STATES MOTORS CO., INC. (a Colorado
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">ROYAL MOTOR COMPANY, INC. (an Alabama corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC1, INC. (an Alabama corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC2, INC. (an Alabama corporation), on behalf of
itself and as sole member of:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI IRONDALE L, LLC (an Alabama limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ANN ARBOR IMPORTS, LLC (a Michigan limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI ATLANTA B, LLC (a Georgia limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI BEVERLY HILLS INFINITI, INC. (a
California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI BROKEN ARROW C, LLC (an Oklahoma limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI CHARLOTTE M, LLC (a North Carolina limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS MOTORS, LLC (an
Ohio limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS VWK, LLC (an Ohio limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC1, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL
HC2, INC. (a Florida corporation), on behalf of itself and as sole member of:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI CLEARWATER T, LLC (a
Florida limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC3, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC4, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC5, INC. (a Florida corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC6, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL
HC7, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS B, LLC (a Florida limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS H, LLC (a Florida limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS M, LLC (a Florida limited liability company)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 179 -
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<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI&nbsp;FORT&nbsp;MYERS&nbsp;VW,&nbsp;LLC&nbsp;(a&nbsp;Florida&nbsp;limited&nbsp;liability&nbsp;company)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI IRONDALE IMPORTS, LLC (an Alabama limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI LANSING CH, LLC (a Michigan limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI LONG BEACH B, INC. (a California
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MD HC1, INC. (a Maryland corporation), on behalf of itself and as sole member of:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ROCKVILLE L, LLC (a Maryland limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONROVIA B, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY B, LLC (an Alabama limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY BCH, LLC (an Alabama limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY CH, LLC (an Alabama
limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE CSH, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE H, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE M, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE MOTORS, LLC (a
Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NC HC2, INC. (a North Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI OH HC1, INC. (an Ohio corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OK HC1, INC. (an Oklahoma corporation), on behalf of
itself and as sole member of the following entities:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY C, LLC (an Oklahoma limited
liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY T, LLC (an Oklahoma limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TULSA T, LLC (an Oklahoma limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY H, LLC (an Oklahoma limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ORLANDO CS, LLC (a Florida
limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI PEACHTREE, LLC (a Georgia limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI PLYMOUTH C, LLC (a Michigan limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI RIVERSIDE C, LLC (an Oklahoma
limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ROCKVILLE IMPORTS, LLC (a Maryland limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI SANTA CLARA K, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC1, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC2, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC3, LLC (a Tennessee limited
liability company)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 180 -
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<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI&nbsp;TULSA&nbsp;N,&nbsp;LLC&nbsp;(an&nbsp;Oklahoma&nbsp;limited&nbsp;liability&nbsp;company)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI VA HC1, INC. (a Virginia corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SANTA CLARA IMPORTED CARS, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AGENCY, INC. (a Michigan
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE F&amp;I, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF CHATTANOOGA, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF
NASHVILLE, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF NEVADA, INC. (a Nevada corporation), on behalf of itself and as sole
member of:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GEORGIA, LLC (a Georgia limited liability company), on behalf of itself and as general
partner of the following entities:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GA HC1, LP (a Georgia limited partnership), on behalf of itself
and as sole member of:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI STONE MOUNTAIN T, LLC (a Georgia limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC PEACHTREE INDUSTRIAL BLVD., L.P. (a Georgia limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; STONE MOUNTAIN T, L.P. (a Georgia limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 1, L.P. (a Georgia limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 2, L.P. (a Georgia limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 3, L.P. (a Georgia limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE SUPPORT, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE WEST, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1495
AUTOMALL DRIVE, COLUMBUS, INC. (an Ohio corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, INC. (a Florida corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, LLC (a Florida limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2424 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC
AUTOMOTIVE &#150; 2490 SOUTH LEE HIGHWAY, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2752 LAURENS RD., GREENVILLE, INC. (a
South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3700 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4000 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 181 -
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC&nbsp;AUTOMOTIVE&nbsp;5260&nbsp;PEACHTREE&nbsp;INDUSTRIAL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLVD., LLC (a
Georgia limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 6008 N. DALE MABRY, FL, INC. (a Florida corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 9103 E. INDEPENDENCE, NC, LLC (a North Carolina limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC 2185 CHAPMAN RD., CHATTANOOGA, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
BUENA PARK H, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS A, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC CALABASAS M, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS V, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAPITOL CADILLAC, INC. (a Michigan corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAPITOL IMPORTS, INC. (a
South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON F, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON LM, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CHATTANOOGA D EAST, LLC (a
Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC COAST CADILLAC, INC. (a California corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER T, INC. (a Colorado corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER VOLKSWAGEN, INC. (a Colorado corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DEVELOPMENT, LLC (a North
Carolina limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DIVISIONAL OPERATIONS, LLC (a Nevada limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DOWNEY CADILLAC, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; ENGLEWOOD M, INC. (a Colorado corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC ESTORE, INC. (a North Carolina
corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL CHRYSLER JEEP, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL DODGE, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC FREMONT, INC. (a
California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; HARBOR CITY H, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; INTEGRITY DODGE LV, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS, LLC (a
Delaware limited liability company), on behalf of itself and as general partner of:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS
CHEVROLET, L.P. (a Texas limited partnership)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAKE NORMAN CHRYSLER JEEP, LLC (a North Carolina limited liability
company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C EAST, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C WEST, LLC (a Nevada limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LLOYD NISSAN,
INC. (a Florida corporation)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 182 -
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<TD VALIGN="top" COLSPAN="3" NOWRAP>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC&nbsp;&#150;&nbsp;LLOYD&nbsp;PONTIAC&nbsp;&#150;&nbsp;CADILLAC,&nbsp;INC.&nbsp;(a&nbsp;Florida&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">corporation)</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LONE TREE CADILLAC, INC. (a Colorado corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MANHATTAN FAIRFAX, INC. (a Virginia corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY CHEVROLET, INC.
(a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY PONTIAC BUICK GMC, INC. (a Colorado corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME CHEVROLET WORLD, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME OF FLORENCE, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH
CHARLESTON, INC. (a South Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH CHARLESTON DODGE, INC. (a South Carolina corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC OF TEXAS, INC. (a Texas corporation), on behalf of itself and as general partner of the following entities:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHILPOTT MOTORS, LTD. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC ADVANTAGE PA, LP (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF TEXAS, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3401 N. MAIN, TX, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4701 I-10 EAST, TX, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 5221 I-10 EAST, TX, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CADILLAC D, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAMP FORD, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARROLLTON V, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE N, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE VOLKSWAGEN, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT WORTH T, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FRANK PARRA AUTOPLEX, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC HOUSTON JLR, LP (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC HOUSTON LR, LP (a Texas limited partnership)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 183 -
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<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC&nbsp;&#150;&nbsp;HOUSTON&nbsp;V,&nbsp;L.P.&nbsp;(a&nbsp;Texas&nbsp;limited<BR>partnership)</FONT></P></TD></TR>

<TR>
<TD VALIGN="top" COLSPAN="3" NOWRAP>
<P STYLE="margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC&nbsp;&#150;&nbsp;JERSEY&nbsp;VILLAGE&nbsp;VOLKSWAGEN,&nbsp;L.P.&nbsp;(a&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>Texas&nbsp;limited
partnership)</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LUTE RILEY, L. P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY CADILLAC, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MESQUITE HYUNDAI, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM B, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM JVP, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM VWA, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; READING, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RICHARDSON F, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SAM WHITE NISSAN, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; UNIVERSITY PARK A, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 1, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 2, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 3, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 4, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 5, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 6, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 7, L.P. (a Texas limited partnership)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 8, L.P. (a Texas limited partnership)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC&nbsp;OKEMOS&nbsp;IMPORTS,&nbsp;INC.&nbsp;(a&nbsp;Michigan&nbsp;corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
PLYMOUTH CADILLAC, INC. (a Michigan corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC RESOURCES, INC. (a Nevada corporation)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RIVERSIDE AUTO FACTORY, INC. (an Oklahoma corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SANFORD CADILLAC, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA M, INC. (a
California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA S, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SATURN OF SILICON VALLEY, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SERRAMONTE I, INC. (a
California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SHOTTENKIRK, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SOUTH CADILLAC, INC. (a Florida corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; STEVENS CREEK B, INC. (a
California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER H, INC. (a Virginia corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER INFINITI, INC. (a Virginia corporation)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 184 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; VOLVO LV, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC WALNUT CREEK M, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; WEST COVINA T, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
WILLIAMS CADILLAC, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC WILSHIRE CADILLAC, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 2, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 3, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 4, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 5, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 1, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 2, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 3, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 4, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 5, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 6, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 7, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 1, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 2, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 3, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 4, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 5, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 6, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 7 SCB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 8 SCH, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 9 BHB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 1, LLC (a Colorado limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 185 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 2, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 3, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 1, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 2, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA
&#150; 3, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA 4, LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE HOLDING, LLC (a North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND &#150; 1, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND
&#150; 2, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MICHIGAN &#150; 3, LLC (a Michigan limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 1, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 2, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 3, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150;
4, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 5, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 1, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 2, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 3, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 1, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 2, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 3, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 4, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 5, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 2, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 3, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 4, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 1, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 2, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 3, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 4, LLC (a Tennessee limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 186 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 5, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 6, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 7, LLC (a
Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 8, LLC (a Tennessee limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 9, LLC (a Tennessee limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS 9, LLC (a Texas limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA &#150; 1, LLC (a Virginia
limited liability company)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA &#150; 2, LLC (a Virginia limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">STEVENS CREEK CADILLAC, INC. (a California corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">TOWN AND COUNTRY FORD, INCORPORATED (a North Carolina corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">VILLAGE IMPORTED CARS, INC. (a
Maryland corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WINDWARD, INC. (a Hawaii corporation)</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Z MANAGEMENT, INC. (a Colorado corporation)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: David P. Cosper</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title: &nbsp;&nbsp;Vice President</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic Automotive, Inc., as sole member of the following entities:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">ONTARIO L, LLC (a California limited liability company)</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS T, LLC (an Ohio limited liability company)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: David P. Cosper</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:&nbsp;&nbsp;&nbsp;Vice&nbsp;Chairman&nbsp;and&nbsp;Chief&nbsp;Financial&nbsp;Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 187 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">U.S.&nbsp;BANK&nbsp;NATIONAL&nbsp;ASSOCIATION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/ Raymond S. Haverstock</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name: &nbsp;&nbsp;Raymond S. Haverstock</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 188 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="68%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">STATE&nbsp;OF&nbsp;North&nbsp;Carolina</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:8.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:8.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">) ss.:</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">COUNTY&nbsp;OF&nbsp;Mecklenburg</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:8.00em"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">On the 2</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> day of July, 2012, before me personally came David P. Cosper, to me known, who, being by me duly sworn, did depose and
say that he resides at Charlotte, North Carolina; that he is the Vice Chairman and Chief Financial Officer of Sonic Automotive, Inc., a corporation described in and which executed the foregoing instrument; and that he signed his name thereto
pursuant to authority of the Board of Directors of such corporation and as sole member of the following limited liability companies listed below. </FONT></P> <P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="right"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">(NOTARIAL</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SEAL)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/&nbsp;Lori&nbsp;A.&nbsp;Franz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notary Public</FONT></TD></TR>
<TR>
<TD HEIGHT="40" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic&nbsp;Automotive,&nbsp;Inc.,&nbsp;as&nbsp;sole&nbsp;member&nbsp;of&nbsp;the&nbsp;following<BR>entities:</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">ONTARIO L, LLC (a California limited liability company)</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-left:4.00em; text-indent:-2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS T, LLC (an Ohio limited liability company)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">STATE OF North Carolina</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">) ss.:</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">COUNTY OF Mecklenburg</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">On the 2</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> day of July, 2012, before me personally came David P. Cosper, to me known, who, being by me duly sworn, did depose and
say that he resides at Charlotte, North Carolina; that he is the Vice President of the corporations listed below, corporations described in and which executed the foregoing instrument; and that he signed his name thereto pursuant to authority of the
Board of Directors of such corporations. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="right"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">(NOTARIAL</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="3">SEAL)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="3">/s/&nbsp;Lori&nbsp;A.&nbsp;Franz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notary Public</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:36px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ARNGAR, INC. (a North Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">AUTOBAHN, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">AVALON FORD, INC. (a Delaware corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">CASA FORD OF HOUSTON, INC. (a Texas
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">CORNERSTONE ACCEPTANCE CORPORATION (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA AUTO FACTORY, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA BEVERLY HILLS, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL F, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CAPITOL N, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD N, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA CONCORD T, INC. (a California
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN N, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA DUBLIN VWD, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA HOLDING CORP. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA LAS VEGAS H, INC. (a Nevada
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN F, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA MARIN LR, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY G, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY H, INC. (a California
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA POWAY T, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SAN BRUNO, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA SANTA MONICA V, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE H, INC. (a California corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA SERRAMONTE L, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FAA STEVENS CREEK, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FAA TORRANCE CPJ, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FIRSTAMERICA AUTOMOTIVE, INC.
(a Delaware corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FORT MILL FORD, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRANCISCAN MOTORS, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FRANK PARRA AUTOPLEX, INC. (a Texas corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">FRONTIER OLDSMOBILE &#150;
CADILLAC, INC. (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">HMC FINANCE ALABAMA, INC. (an Alabama corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">KRAMER MOTORS INCORPORATED (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">L DEALERSHIP GROUP, INC. (a Texas corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MARCUS DAVID CORPORATION (a North
Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a Tennessee corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">MASSEY CADILLAC, INC. (a Texas corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">MOUNTAIN STATES MOTORS CO., INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ROYAL MOTOR COMPANY,
INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC1, INC. (an Alabama corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI AL HC2, INC. (an Alabama corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI IRONDALE L, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI BEVERLY HILLS INFINITI, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC1, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC2, INC. (a Florida
corporation), on behalf of itself and as sole member of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI CLEARWATER T, LLC (a Florida limited liability
company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC3, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC4, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC5, INC. (a Florida
corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC6, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FL HC7, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI LONG BEACH B, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MD HC1, INC. (a Maryland
corporation), on behalf of itself and as sole member of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ROCKVILLE L, LLC (a Maryland limited liability
company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONROVIA B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NC HC2, INC. (a North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI OH HC1, INC. (an Ohio corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OK HC1, INC. (an Oklahoma
corporation), on behalf of itself and as sole member of the following entities: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY C, LLC (an
Oklahoma limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY T, LLC (an Oklahoma limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TULSA T, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI SANTA CLARA K, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI VA HC1, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SANTA CLARA IMPORTED CARS, INC. (a
California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AGENCY, INC. (a Michigan corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF NEVADA, INC. (a Nevada corporation), on behalf of itself and as sole member of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GEORGIA, LLC (a Georgia limited liability company), on behalf of itself and as general partner of the following
entities: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI GA HC1, LP (a Georgia limited partnership), on behalf of itself and as sole member of:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:67%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI STONE MOUNTAIN T, LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC PEACHTREE INDUSTRIAL BLVD., L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; STONE MOUNTAIN T, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 1, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 2, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:59%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA &#150; 3, L.P. (a Georgia limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1495 AUTOMALL DRIVE, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2424 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 2752 LAURENS RD., GREENVILLE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3700 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4000 WEST BROAD STREET, COLUMBUS, INC. (an Ohio corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 6008 N. DALE MABRY, FL, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; BUENA PARK H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS A, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC CALABASAS M,
INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CALABASAS V, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAPITOL CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAPITOL IMPORTS, INC. (a South Carolina corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 3 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON F, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARSON LM, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC COAST CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER T,
INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DENVER VOLKSWAGEN, INC. (a Colorado corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; DOWNEY CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; ENGLEWOOD M, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC ESTORE, INC. (a
North Carolina corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL CHRYSLER JEEP, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT MILL DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC FREMONT, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; HARBOR CITY H, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LLOYD
NISSAN, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LLOYD PONTIAC &#150; CADILLAC, INC. (a Florida corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LONE TREE CADILLAC, INC. (a Colorado corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MANHATTAN FAIRFAX, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150;
MASSEY CHEVROLET, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY PONTIAC BUICK GMC, INC. (a Colorado corporation)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME CHEVROLET WORLD, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NEWSOME OF FLORENCE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH CHARLESTON, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; NORTH CHARLESTON DODGE, INC. (a South Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC OF TEXAS, INC. (a Texas corporation), on behalf of itself and as general partner of the following entities: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">PHILPOTT MOTORS, LTD. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC ADVANTAGE PA, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF TEXAS, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 3401 N. MAIN, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 4701 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 5221 I-10 EAST, TX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CADILLAC D, L.P. (a Texas limited partnership) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 4 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CAMP FORD, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CARROLLTON V, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE N, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CLEAR LAKE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FORT WORTH T, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; FRANK PARRA AUTOPLEX, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC HOUSTON JLR, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC HOUSTON LR, LP (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; HOUSTON V, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; JERSEY VILLAGE VOLKSWAGEN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LUTE RILEY, L. P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MASSEY CADILLAC, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; MESQUITE HYUNDAI, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM B, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM JVP, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC MOMENTUM VWA, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; READING, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RICHARDSON F, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SAM WHITE NISSAN, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; UNIVERSITY PARK A, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 1, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 2, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 3, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 4, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 5, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 6, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 7, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:50%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS &#150; 8, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC OKEMOS IMPORTS, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; PLYMOUTH CADILLAC, INC. (a Michigan corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC RESOURCES,
INC. (a Nevada corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 5 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; RIVERSIDE AUTO FACTORY, INC. (an Oklahoma corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SANFORD CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA M, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SANTA MONICA S, INC.
(a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SATURN OF SILICON VALLEY, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC SERRAMONTE I, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SHOTTENKIRK, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; SOUTH
CADILLAC, INC. (a Florida corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; STEVENS CREEK B, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER H, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC TYSONS CORNER INFINITI, INC. (a Virginia corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC WALNUT CREEK
M, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; WEST COVINA T, INC. (a California corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; WILLIAMS CADILLAC, INC. (an Alabama corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC WILSHIRE CADILLAC, INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">STEVENS CREEK CADILLAC,
INC. (a California corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">TOWN AND COUNTRY FORD, INCORPORATED (a North Carolina corporation) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">VILLAGE IMPORTED CARS, INC. (a Maryland corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WINDWARD, INC. (a Hawaii corporation) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:41%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Z MANAGEMENT, INC. (a Colorado
corporation) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 6 -
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">STATE OF&nbsp;North&nbsp;Carolina</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">) ss.:</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">COUNTY OF Mecklenburg</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">On the 2</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="3"> day of July, 2012, before me personally came David P. Cosper, to me known, who, being by me duly sworn, did depose and
say that he resides at Charlotte, North Carolina; that he is the Vice President of the limited liability companies listed below, limited liability companies described in and which executed the foregoing instrument; and that he signed his name
thereto pursuant to authority under the operating agreements of such limited liability companies. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">(NOTARIAL </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">SEAL) </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;/s/&nbsp;Lori&nbsp;A.&nbsp;Franz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Notary Public </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADI OF THE SOUTHEAST LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ANTREV, LLC (a North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">FORT MYERS COLLISION CENTER, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ANN
ARBOR IMPORTS, LLC (a Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ATLANTA B, LLC (a Georgia limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI BROKEN ARROW C, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI CHARLOTTE M, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS MOTORS, LLC (an Ohio limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI COLUMBUS VWK, LLC (an Ohio limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS B, LLC
(a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS H, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS M, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI FORT MYERS VW, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI IRONDALE
IMPORTS, LLC (an Alabama limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 7 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI LANSING CH, LLC (a Michigan limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY B, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY BCH, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI MONTGOMERY
CH, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE CSH, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE H, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE M, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI NASHVILLE
MOTORS, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI OKLAHOMA CITY H, LLC (an Oklahoma limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ORLANDO CS, LLC (a Florida limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI PEACHTREE, LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI PLYMOUTH C, LLC (a Michigan limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI RIVERSIDE C, LLC
(an Oklahoma limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI ROCKVILLE IMPORTS, LLC (a Maryland limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC1, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC2, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TN HC3, LLC (a
Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SAI TULSA N, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE F&amp;I, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE OF NASHVILLE, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE SUPPORT, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE WEST, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 1720 MASON AVE., DB, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 2490 SOUTH LEE HIGHWAY, LLC (a Tennessee limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE 5260 PEACHTREE INDUSTRIAL BLVD., LLC (a Georgia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE &#150; 9103 E. INDEPENDENCE, NC, LLC (a North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SONIC 2185 CHAPMAN RD., CHATTANOOGA, LLC (a Tennessee limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 8 -
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; CHATTANOOGA D EAST, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DEVELOPMENT, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC DIVISIONAL OPERATIONS, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; INTEGRITY DODGE LV, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS, LLC (a Delaware limited liability company), on behalf of itself and as general partner of: </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%; text-indent:-4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LS CHEVROLET, L.P. (a Texas limited partnership) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAKE NORMAN CHRYSLER JEEP, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C EAST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; LAS VEGAS C WEST, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC &#150; VOLVO LV, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 2, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA
&#150; 3, LLC (an Alabama limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 4, LLC (an Alabama limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE ALABAMA &#150; 5, LLC (an Alabama limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 1, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 2, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 3, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 4, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 5, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 6, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SREALESTATE ARIZONA &#150; 7, LLC (an Arizona limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 1, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 2, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 3, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 4, LLC (a California limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 9 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 5, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 6, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 7 SCB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 8 SCH, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE CALIFORNIA &#150; 9 BHB, LLC (a California limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 1, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 2, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE COLORADO &#150; 3, LLC (a Colorado limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 1, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA &#150; 2, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE FLORIDA
&#150; 3, LLC (a Florida limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE GEORGIA 4, LLC (a Georgia limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE HOLDING, LLC (a North Carolina limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND &#150; 1, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MARYLAND
&#150; 2, LLC (a Maryland limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE MICHIGAN &#150; 3, LLC (a Michigan limited liability company)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 1, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 2, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 3, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150;
4, LLC (a Nevada limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NEVADA &#150; 5, LLC (a Nevada limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 1, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 2, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE NORTH CAROLINA &#150; 3, LLC (a North Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 1, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 2, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 3, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 4, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE OKLAHOMA &#150; 5, LLC (an Oklahoma limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 2, LLC (a South Carolina limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 10 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 3, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE SOUTH CAROLINA &#150; 4, LLC (a South Carolina limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 1, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 2, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 3, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 4, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 5, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 6, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 7, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 8, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TENNESSEE &#150; 9, LLC (a Tennessee limited liability company) </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE TEXAS 9, LLC (a Texas limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA &#150; 1, LLC (a Virginia limited liability company) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:43%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SRE VIRGINIA
&#150; 2, LLC (a Virginia limited liability company) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 11 -
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT A </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">REGULATION S CERTIFICATE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">(For transfers pursuant to &#167; 307(a)(i) of the
Indenture) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">U.S. Bank National Association </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">108 East 5th Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">St. Paul, Minnesota 55101 </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">7.0% Senior Subordinated Notes due 2022 of Sonic Automotive, </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:5%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:5%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>(the &#147;Securities&#148;) </U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Reference is made to the Indenture, dated as of July&nbsp;2, 2012, (the &#147;Indenture&#148;), among Sonic Automotive, Inc., a Delaware
corporation (the &#147;Company&#148;), the Guarantors and U.S. Bank National Association as Trustee. Terms used herein and defined in the Indenture or in Regulation S or Rule 144 under the U.S. Securities Act of 1933 (the &#147;Securities Act&#148;)
are used herein as so defined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This certificate relates to
US$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>principal amount of Securities, which are evidenced by the following certificate(s) (the
&#147;Specified Securities&#148;): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">CUSIP No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">CERTIFICATE No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The person in whose name this certificate is executed below (the &#147;Undersigned&#148;) hereby certifies that either
(i)&nbsp;it is the sole beneficial owner of the Specified Securities or (ii)&nbsp;it is acting on behalf of all the beneficial owners of the Specified Securities and is duly authorized by them to do so. Such beneficial owner or owners are referred
to herein collectively as the &#147;Owner.&#148; The Specified Securities are represented by a Global Security and are held through the Depositary or an Agent Member in the name of the Undersigned, as or on behalf of the Owner. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Owner has requested that the Specified Securities be transferred to a person (the &#147;Transferee&#148;) who will take delivery in
the form of a Regulation S Global Security. In connection with such transfer, the Owner hereby certifies that, unless such transfer is being effected pursuant to an effective registration statement under the Securities Act, it is being effected in
accordance with Rule&nbsp;904 or Rule 144 under the Securities Act and with all applicable securities laws of the states of the United States and other jurisdictions. Accordingly, the Owner hereby further certifies as follows: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) <U>Rule 904 Transfers</U>. If the transfer is being effected in accordance with Rule&nbsp;904: </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(A) the Owner is not a distributor of the Securities, an affiliate of the
Company or any such distributor or a person acting on behalf of any of the foregoing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(B) the offer of the
Specified Securities was not made to a person in the United States; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(C) either: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:31%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(i) at the time the buy order was originated, the Transferee was outside the United States or the Owner and any person
acting on its behalf reasonably believed that the Transferee was outside the United States, or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:31%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(ii) the
transaction is being executed in, on or through the facilities of the Eurobond market, as regulated by the Association of International Bond Dealers, or another designated offshore securities market and neither the Owner nor any person acting on its
behalf knows that the transaction has been prearranged with a buyer in the United States; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(D) no directed
selling efforts have been made in the United States by or on behalf of the Owner or any affiliate thereof; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(E) if the Owner is a dealer in securities or has received a selling concession, fee or other remuneration in respect of
the Specified Securities, and the transfer is to occur during the Restricted Period, then the requirements of Rule 904(c)(1) have been satisfied; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(F) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(2) <U>Rule 144 Transfers</U>. If the transfer is being effected pursuant to Rule&nbsp;144: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(A) the transfer is occurring after a holding period of at least one year (computed in accordance with paragraph (d)&nbsp;of Rule 144) has elapsed since the Specified Securities were last acquired from
the Company or from an affiliate of the Company, whichever is later, and is being effected in accordance with the applicable amount, manner of sale and notice requirements of Rule 144; or </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(B) the transfer is occurring after a holding period of at least two years has elapsed since the Specified Securities
were last acquired from the Company or from an affiliate of the Company, whichever is later, and the Owner is not, and during the preceding three months has not been, an affiliate of the Company. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This certificate and the statements contained herein are made for your benefit and the
benefit of the Company and the Initial Purchasers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Print the name of the Undersigned, as such</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">term is defined in the second paragraph of&nbsp;this</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">certificate.)</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">(If the Undersigned is a corporation, partnership</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">or fiduciary, the title of the person signing on</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="3">behalf of the Undersigned must be
stated.)</FONT></P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 3 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT B </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">RESTRICTED SECURITIES CERTIFICATE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">(For transfers pursuant to &#167; 307(a)(ii) of
the Indenture) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[U.S. Bank National Association </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">108 East 5th Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">St. Paul, Minnesota 55101] </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">7.0% Senior Subordinated Notes due 2022 of Sonic Automotive, </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:5%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><U>Inc. (the &#147;Securities&#148;) </U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Reference is made to the Indenture,
dated as of July&nbsp;2, 2012 (the &#147;Indenture&#148;), among Sonic Automotive, Inc., a Delaware corporation (the &#147;Company&#148;), the Guarantors and U.S. Bank National Association, as Trustee. Terms used herein and defined in the Indenture
or in Rule 144A or Rule 144 under the U.S. Securities Act of 1933 (the &#147;Securities Act&#148;) are used herein as so defined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">This certificate relates to US$ <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> principal amount of Securities, which are evidenced by the following certificate(s) (the
&#147;Specified Securities&#148;): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">CUSIP No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">ISIN No(s). If any.
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">CERTIFICATE No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The person in whose name this certificate is executed below (the
&#147;Undersigned&#148;) hereby certifies that either (i)&nbsp;it is the sole beneficial owner of the Specified Securities or (ii)&nbsp;it is acting on behalf of all the beneficial owners of the Specified Securities and is duly authorized by them to
do so. Such beneficial owner or owners are referred to herein collectively as the &#147;Owner&#148;. The Specified Securities are represented by a Global Security and are held through the Depositary or an Agent Member in the name of the Undersigned,
as or on behalf of the Owner. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Owner has requested that the Specified Securities be transferred to a person (the
&#147;Transferee&#148;) who will take delivery in the form of a Restricted Security. In connection with such transfer, the Owner hereby certifies that, unless such transfer is being effected pursuant to an effective registration statement under the
Securities Act, it is being effected in accordance with Rule 144A or Rule 144 under the Securities Act and all applicable securities laws of the states of the United States and other jurisdictions. Accordingly, the Owner hereby further certifies as
follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(1) <U>Rule 144A Transfers</U>. If the transfer is being effected in accordance with Rule 144A:
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(A) the Specified Securities are being transferred to a person that the
Owner and any person acting on its behalf reasonably believe is a &#147;qualified institutional buyer&#148; within the meaning of Rule 144A, acquiring for its own account or for the account of a qualified institutional buyer; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(B) the Owner and any person acting on its behalf have taken reasonable steps to ensure that the Transferee is aware
that the Owner may be relying on Rule 144A in connection with the transfer; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:15%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(2) <U>Rule 144
Transfers</U>. If the transfer is being effected pursuant to Rule&nbsp;144: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(A) the transfer is occurring
after a holding period of at least six months (computed in accordance with paragraph (d)&nbsp;of Rule 144) has elapsed since the Specified Securities were last acquired from the Company or from an affiliate of the Company, whichever is later, and is
being effected in accordance with the requirements of Rule 144; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:23%; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">(B) if the transfer is occurring prior to
the first anniversary of the date of issuance of the Specified Securities, the Company is, and has been for a period of at least 90 days immediately before the transfer, subject to the reporting requirements of Section&nbsp;13 or 15(d) of the
Securities Exchange Act of 1934. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This certificate and the statements contained herein are made for your benefit and the
benefit of the Company and the Initial Purchasers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Print the name of the Undersigned, as such<BR>term&nbsp;is&nbsp;defined&nbsp;in&nbsp;the&nbsp;second&nbsp;paragraph&nbsp;of&nbsp;this<BR>certificate.)</FONT></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">(If&nbsp;the&nbsp;Undersigned&nbsp;is&nbsp;a&nbsp;corporation,&nbsp;partnership<BR>or fiduciary, the title of&nbsp;the&nbsp;person&nbsp;signing&nbsp;on<BR>behalf of the
Undersigned must be stated.)</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">EXHIBIT C </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">UNRESTRICTED SECURITIES CERTIFICATE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">(For removal of Securities Act Legends
pursuant to &#167; 307(b)) of the Indenture) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[U.S. Bank National Association </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">108 East 5th Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">St. Paul, Minnesota 55101] </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="15%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="3">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">7.0% Senior Subordinated Notes due 2022 of Sonic Automotive, </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:15%; text-indent:5%"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><U>Inc. (the &#147;Securities&#148;)</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">Reference is made to the Indenture,
dated as of July&nbsp;2, 2012, among Sonic Automotive, Inc., a Delaware corporation (the &#147;Company&#148;), the Guarantors and U.S. Bank Trust Company, as Trustee. Terms used herein and defined in the Indenture or in Rule 144 under the U.S.
Securities Act of 1933 (the &#147;Securities Act&#148;) are used herein as so defined. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This certificate relates to
US$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>principal amount of Securities, which are evidenced by the following certificate(s) (the
&#147;Specified Securities&#148;): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT STYLE="font-family:Times New Roman" SIZE="3">CUSIP No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:15%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">CERTIFICATE No(s).
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The person in whose name this certificate is executed below (the
&#147;Undersigned&#148;) hereby certifies that either (i)&nbsp;it is the sole beneficial owner of the Specified Securities or (ii)&nbsp;it is acting on behalf of all the beneficial owners of the Specified Securities and is duly authorized by them to
do so. Such beneficial owner or owners are referred to herein collectively as the &#147;Owner&#148;. If the Specified Securities are represented by a Global Security, they are held through the Depositary or an Agent Member in the name of the
Undersigned, as or on behalf of the Owner. If the Specified Securities are not represented by a Global Security, they are registered in the name of the Undersigned, as or on behalf of the Owner. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The Owner has requested that the Specified Securities be exchanged for Securities bearing no Private Placement Legend pursuant to
Section&nbsp;307(b) of the Indenture. In connection with such exchange, the Owner hereby certifies that the exchange is occurring after a holding period of at least one year (computed in accordance with paragraph (d)&nbsp;of Rule 144) has elapsed
since the Specified Securities were last acquired from the Company or from an affiliate of the Company, whichever is later, and the Owner is not, and during the preceding three months has not been, an affiliate of the Company. The Owner also
acknowledges that any future transfers of the Specified Securities must comply with all applicable securities laws of the states of the United States and other jurisdictions. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">This certificate and the statements contained herein are made for your benefit and the
benefit of the Company and the Initial Purchasers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Print the name of the Undersigned, as such<BR>term is defined in the second paragraph&nbsp;of this<BR>certificate.)</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Title:</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="3">(If&nbsp;the&nbsp;Undersigned&nbsp;is&nbsp;a&nbsp;corporation,&nbsp;partnership<BR>or&nbsp;fiduciary,&nbsp;the&nbsp;title&nbsp;of&nbsp;the&nbsp;person&nbsp;signing&nbsp;
on<BR>behalf of the Undersigned must be stated.)</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">APPENDIX I </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">[FORM OF TRANSFER NOTICE] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">FOR VALUE RECEIVED the undersigned registered holder
hereby sell(s), assign(s) and transfer(s) unto </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Insert Taxpayer Identification No. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">(Please print or typewrite name and address including zip code of assignee) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">the within Security and
all rights thereunder, hereby irrevocably constituting and appointing </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">attorney to transfer such Security on the books of the Company with full power of substitution in the premises. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">[THE FOLLOWING PROVISION TO BE INCLUDED </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">ON ALL CERTIFICATES FOR SERIES C
SECURITIES </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">EXCEPT PERMANENT OFFSHORE PHYSICAL </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">CERTIFICATES] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">In connection with any transfer of this Security occurring prior
to the date which is the earlier of the date of an effective Registration Statement or July&nbsp;2, 2013, the undersigned confirms that without utilizing any general solicitation or general advertising that: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Check One] </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="90%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">[&nbsp;&nbsp;&nbsp;&nbsp;]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">this Security is being transferred in compliance with the exemption from registration under the Securities Act of 1933, as amended, provided by Rule 144A
thereunder.</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">[&nbsp;&nbsp;&nbsp;&nbsp;]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">this Security is being transferred other than in accordance with (a)&nbsp;above and documents are being furnished which comply with the conditions of transfer set forth in this
Security and the Indenture.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">If none of the foregoing boxes is checked, the Trustee or other Security Registrar shall not be obligated to register
this Security in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section&nbsp;307 of the Indenture shall have been satisfied. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 1 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Date:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">NOTICE: The signature to this assignment </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%"><FONT STYLE="font-family:Times New Roman" SIZE="3">must correspond with the name as
written upon </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%"><FONT STYLE="font-family:Times New Roman" SIZE="3">the face of the within-mentioned instrument in every </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%"><FONT STYLE="font-family:Times New Roman" SIZE="3">particular, without alteration or any change </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:52%"><FONT
STYLE="font-family:Times New Roman" SIZE="3">whatsoever. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">Signature Guarantee:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Signature must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and
loan associations and credit unions) with membership in an approved guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15] </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">TO BE COMPLETED BY PURCHASER IF (a)&nbsp;ABOVE IS CHECKED. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="3">The undersigned
represents and warrants that it is purchasing this Security for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a &#147;qualified institutional buyer&#148; within the
meaning of Rule 144A under the Securities Act of 1933, as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested
pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned&#146;s foregoing representations in order to claim the exemption from registration provided by Rule
144A. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">NOTICE: To be executed by an authorized signatory</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- 2 -
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="3">APPENDIX II </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">FORM OF TRANSFEREE CERTIFICATE </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>I or we assign and transfer this Security to</U>: </FONT></P>
<P STYLE="margin-top:60px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>Please insert social security or other identifying number of assignee </U></FONT></P>
<P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:36px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Print or type name, address and zip code of assignee and irrevocably </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">appoint<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Agent], to transfer this Security on the books of the Company. The Agent may substitute another to act for him. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Dated<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="3">Signed<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="3">(Sign exactly as name appears on the other side of this Security)</FONT></TD></TR>
</TABLE> <P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="3">[Signature must be guaranteed by an eligible
Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15] </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">- i -
</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.4
<SEQUENCE>4
<FILENAME>d378936dex44.htm
<DESCRIPTION>ESCROW AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Escrow Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 4.4 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">EXECUTION VERSION </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ESCROW AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Escrow Agreement dated as of July&nbsp;2, 2012 (the <U>&#147;Escrow Agreement&#148;</U>), is entered into by and among Sonic
Automotive, Inc., a Delaware corporation (the <U>&#147;Company&#148;),</U> U.S. Bank National Association, as Trustee (the <U>&#147;Trustee&#148;</U>) and Wilmington Trust, National Association, as escrow agent (<U>&#147;Escrow Agent&#148;</U>).
</FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">RECITALS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">This Escrow Agreement is being entered into in connection with (i)&nbsp;the Purchase Agreement (the <U>&#147;Purchase Agreement&#148;</U>), dated June&nbsp;25, 2012, among the Company and Merrill Lynch,
Pierce, Fenner&nbsp;&amp; Smith, as representative (the <U>&#147;Representative&#148;</U>) of the several initial purchasers named on Schedule A thereto (collectively, the <U>&#147;Initial Purchasers&#148;</U>), and (ii)&nbsp;the Indenture, dated as
of the date hereof (as may be amended, supplemented or otherwise modified from time to time, the <U>&#147;Indenture&#148;),</U> among the Company, the guarantors set forth on the signature pages thereto (each a <U>&#147;Guarantor&#148;</U> and,
collectively, the <U>&#147;Guarantors&#148;</U>) and the Trustee, governing the Company&#146;s $200,000,000 in aggregate principal amount of 7.00% Senior Subordinated Notes due 2022 (the <U>&#147;Notes&#148;</U>). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company agrees to place in escrow certain funds and the Escrow Agent agrees to hold and distribute such funds in accordance with the
terms of this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In consideration of the promises and agreements of each of the parties hereto and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ARTICLE 1 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ESCROW DEPOSIT </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.1 <U>Receipt of Escrow Property.</U> Upon the date of execution hereof (the <U>&#147;Closing Date&#148;):</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The Company (i)&nbsp;shall direct the Representative to deliver to the Escrow Agent the amount of $196,470,000 in immediately
available funds, and (ii)&nbsp;shall deliver to the Escrow Agent $1,750,000 in immediately available funds (such amounts in (i)&nbsp;and (ii)&nbsp;collectively, the <U>&#147;Proceeds&#148;</U>) which Proceeds shall be maintained by the Escrow Agent
in an account designated as the &#147;Sonic Escrow Account&#148; (the <U>&#147;Escrow Account&#148;</U>). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The Company
shall deliver to the Escrow Agent an additional $4,355,555.56, representing the amount of interest that would accrue on the Notes from the Closing Date up to but not including October&nbsp;23, 2012 (which is 120 days after the date of the Purchase
Agreement) (the <U>&#147;Escrow End Date&#148;</U>) (the foregoing interest amount being the <U>&#147;Interest Deposit&#148;</U> and together with the Proceeds, plus all interest, dividends and other distributions and payments thereon, collectively
referred to herein as the <U>&#147;Escrow Property&#148;</U>), which Interest Deposit shall be maintained by the Escrow Agent in the Escrow Account. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.2 <U>Investments.</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The Escrow Agent is authorized and directed by the Company to deposit, transfer, hold and invest the Escrow Property and any
investment income thereon as set forth in <U>Exhibit A</U> hereto. Any investment earnings and income on the Escrow Property shall become part of the Escrow Property, and shall be disbursed in accordance with <U>Section&nbsp;1.3</U> or
<U>Section&nbsp;1.5</U> of this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The Escrow Agent is hereby authorized and directed to sell or redeem
any such investments as it deems necessary to make any payments or distributions required under this Escrow Agreement. The Escrow Agent shall have no responsibility or liability for any loss which may result from any investment or sale of investment
made pursuant to this Escrow Agreement. The Escrow Agent is hereby authorized, in making or disposing of any investment permitted by this Escrow Agreement, to deal with itself (in its individual capacity) or with any one or more of its affiliates,
whether it or any such affiliate is acting as agent of the Escrow Agent or for any third person or dealing as principal for its own account. The Company and Trustee acknowledge that the Escrow Agent is not providing investment supervision,
recommendations, or advice. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.3 <U>Disbursements.</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Escrow Agent is directed to distribute the Escrow Property in the following manner: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) if at any time on or prior to the Escrow End Date the Escrow Agent receives an officers&#146; certificate from the Company
substantially in the form of <U>Exhibit D</U> hereto, dated as of one Business Day prior to the date the Escrow Property is to be released pursuant to the Release Notice (as defined below), executed by two of the authorized representatives of the
Company identified on <U>Exhibit B</U> hereto (each such representative, an <U>&#147;Authorized Person&#148;</U>) and certifying to the Escrow Agent as to the matters set forth therein (an <U>&#147;Officers&#146; Certificate&#148;</U>), and a
written notice substantially in the form of <U>Exhibit E</U> hereto, executed by an Authorized Person of the Company (a <U>&#147;Release Notice&#148;</U>), the Escrow Agent shall on the Business Day stated in the Release Notice, provided that the
Release Notice and the Officers&#146; Certificate are received by the Escrow Agent by 11:00 a.m. Eastern time on the Business Day prior to the Escrow Property release date, release (i)&nbsp;the amount of the Escrow Property in the Escrow Account
specified in the Release Notice to the Representative as provided in Section&nbsp;1.4(b) as directed and in the manner set forth in the Release Notice from the Company, (ii)&nbsp;the amount of Escrow Property in the Escrow Account specified in the
Release Notice to U.S. Bank National Association, as paying agent (the <U>&#147;Company Paying Agent&#148;</U>) for Company&#146;s existing debt holders and (iii)&nbsp;the amount of the Escrow Property in the Escrow Account specified in the Release
Notice to the Company; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) if at any time prior to the Escrow End Date, the Escrow Agent receives an Officers&#146;
Certificate from the Company setting forth the date on which a Special Mandatory Redemption will occur (a <U>&#147;Redemption Notice&#148;</U>) in the form of <U>Exhibit F</U> hereto, and a Release Notice, substantially in the form of <U>Exhibit
E</U> hereto, executed by an Authorized Person of the Company, the Escrow Agent shall liquidate the Escrow Property in the Escrow Account no later than one Business Day prior to the date specified for the Special Mandatory Redemption, and shall
(i)&nbsp;deliver the amount of the Escrow Property from the Escrow Account to the Trustee as directed and in the manner set forth in the Release Notice from the Company and (ii)&nbsp;deliver the remainder of the Escrow Property in the Escrow
Account, if any, to the Company as directed and in the manner set forth in the Release Notice from the Company; or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) if a Release Notice has not been delivered by 5:00 p.m. Eastern time on the Escrow End
Date, by no later than 12:00 p.m. noon Eastern time on the first Business Day following the Escrow End Date the Company hereby directs the Escrow Agent to liquidate the Escrow Property and deliver all the Escrow Property from the Escrow Account to
the Trustee for application to the Special Mandatory Redemption of the Notes pursuant to Section&nbsp;3.10 of the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.4. <U>Escrow Property.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Escrow Property will be held in the following account: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic Escrow Account,
account number XXXXXX-XXX </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Wire Instructions:</U> </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="81%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">ABA #</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">XXXXXXXXX</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bank Name</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wilmington Trust</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Account #</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">XXXXXX-XXX </FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reference</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic Escrow Account</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">Contact Person</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention: Jane Schweiger</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The above referenced Escrow Account will be established with the Escrow Agent or an affiliate in the name
of the Escrow Agent, as escrow agent on behalf of the Company, and the Escrow Agent shall administer the Escrow Account in accordance with the provisions of this Escrow Agreement, including, without limitation, holding in escrow, investing and
reinvesting, and releasing or distributing the Escrow Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) If the Escrow Property is released pursuant to a Release
Notice as described in Section&nbsp;1.3(a) hereof, the Company shall cause 50% of the Discount (as defined in the Purchase Agreement) to be paid as described in the Release Notice. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) The Company represents and warrants that as of the date hereof it is duly formed and validly existing as a corporation under the laws
of the State of Delaware and is not organized under the laws of any other jurisdiction, and the Company hereby agrees that, prior to the termination of this Escrow Agreement, it will not change its name or jurisdiction of organization without giving
the Escrow Agent, Trustee and the Initial Purchasers not less than 10 days&#146; prior written notice thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.5 <U>Income Tax Allocation and Reporting.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) The Company agrees that, for tax reporting purposes, all interest and other income from investment of the Escrow Property shall, as of the end of each calendar year and to the extent required by the
Internal Revenue Service, be reported as having been earned by the Company, whether or not such income was disbursed during such calendar year. The Company will be responsible for tax reporting. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Prior to the execution of this Escrow Agreement, the Company shall provide the Escrow
Agent with certified tax identification numbers by furnishing appropriate forms W-9 or W-8 and such other forms and documents that the Escrow Agent may request. The Company understands that if such tax reporting documentation is not provided and
certified to the Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold a portion of any interest or other income earned on the investment of the
Escrow Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) To the extent that the Escrow Agent becomes liable for the payment of any taxes in respect of income
derived from the investment of the Escrow Property, the Escrow Agent shall satisfy such liability to the extent possible from the Escrow Property. The Company shall indemnify, defend and hold the Escrow Agent harmless from and against any tax, late
payment, interest, penalty or other cost or expense that may be assessed against the Escrow Agent on or with respect to the Escrow Property and the investment thereof unless such tax, late payment, interest, penalty or other expense was directly
caused by the gross negligence or willful misconduct of the Escrow Agent. The indemnification provided by this <U>Section&nbsp;1.4(c)</U> is in addition to the indemnification provided in <U>Section&nbsp;3.1</U> and shall survive the resignation or
removal of the Escrow Agent and the termination of this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.6 <U>Termination.</U> This Escrow
Agreement shall terminate on the date upon which all of the Escrow Property has been distributed in accordance with this Escrow Agreement, and upon such date, this Escrow Agreement shall be of no further force and effect except that the provisions
of <U>Sections 1.4,</U> <U>1.5(c),</U> <U>3.1</U> and <U>3.2</U> hereof shall survive termination </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ARTICLE 2 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">DUTIES OF THE ESCROW AGENT </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.1 <U>Scope of Responsibility.</U> Notwithstanding any provision to the contrary, the Escrow Agent is obligated only to perform the duties specifically set forth in this Escrow Agreement,
which shall be deemed purely ministerial in nature. Under no circumstances will the Escrow Agent be deemed to be a fiduciary to the Company or any other person under this Escrow Agreement. The Escrow Agent will not be responsible or liable for the
failure of the Company to perform in accordance with this Escrow Agreement. The Escrow Agent shall neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument, or document other than this
Escrow Agreement, whether or not an original or a copy of such agreement has been provided to the Escrow Agent; and the Escrow Agent shall have no duty to know or inquire as to the performance or non-performance of any provision of any such
agreement, instrument, or document. References in this Escrow Agreement to any other agreement, instrument, or document are for the convenience of the Parties, and the Escrow Agent has no duties or obligations with respect thereto. This Escrow
Agreement sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred or implied from the terms of this Escrow Agreement or any other agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.2 <U>Attorneys and Agents.</U> The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken
or omitted to be taken by the Escrow Agent in accordance </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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with the advice of counsel or other professionals retained or consulted by the Escrow Agent. The Escrow Agent shall be reimbursed as set forth in <U>Section&nbsp;3.1</U> for any and all
compensation (fees, expenses and other costs) paid and/or reimbursed to such counsel and/or professionals. The Escrow Agent may perform any and all of its duties through its agents, representatives, attorneys, custodians, and/or nominees and the
Escrow Agent shall not be responsible for any misconduct or negligence of such agents, representatives, attorneys, custodians, and/or nominees who are not employees of the Escrow Agent. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.3 <U>Reliance.</U> The Escrow Agent shall not be liable for any action taken or not taken by it in accordance with the
direction or consent of the Company or its agents, representatives, successors, or assigns. The Escrow Agent shall not be liable for acting or refraining from acting upon any notice, request, consent, direction, requisition, certificate, order,
affidavit, letter, or other paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person or persons, without further inquiry into the person&#146;s or persons&#146; authority. Concurrent with the
execution of this Escrow Agreement, the Company shall deliver to the Escrow Agent authorized signers&#146; forms in the form of <U>Exhibit B</U> to this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.4 <U>Right Not Duty Undertaken.</U> The permissive rights of the Escrow Agent or Trustee to do things enumerated in this Escrow Agreement shall not be construed as duties. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.5 <U>No Financial Obligation.</U> No provision of this Escrow Agreement shall require the Escrow Agent to risk or advance
its own funds or otherwise incur any financial liability or potential financial liability in the performance of its duties or the exercise of its rights under this Escrow Agreement. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ARTICLE 3 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PROVISIONS CONCERNING THE ESCROW AGENT </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.1 <U>Indemnification.</U> The Company shall indemnify, defend and hold harmless the Escrow Agent from and against any and all loss, liability, cost, damage and expense, including, without
limitation, reasonable attorneys&#146; fees and expenses or other reasonable professional fees and expenses which the Escrow Agent may suffer or incur by reason of (i)&nbsp;any action, claim or proceeding brought against the Escrow Agent, arising
out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates, (ii)&nbsp;any disbursement of Escrow Property made pursuant to a Release Notice delivered by the Company pursuant to
Section&nbsp;1.3(a) or (b)&nbsp;or (iii)&nbsp;the failure of the Representative or the Company to deliver any Escrow Property in accordance with the directions of any Release Notice delivered pursuant to Section&nbsp;1.3(a), unless such loss,
liability, cost, damage or expense shall have been finally adjudicated to have been directly caused by the willful misconduct or gross negligence of the Escrow Agent. The provisions of this <U>Section&nbsp;3.1</U> shall survive the resignation or
removal of the Escrow Agent and the termination of this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.2 <U>Limitation of Liability.</U>
The Escrow Agent shall not be liable, directly or indirectly, for any (i)&nbsp;damages, losses or expenses arising out of the services provided hereunder, other than damages, losses or expenses which have been finally adjudicated to have directly
resulted from the Escrow Agent&#146;s gross negligence or willful misconduct, or (ii)&nbsp;special, indirect or consequential damages or losses of any kind whatsoever (including without limitation lost
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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profits, even if the Escrow Agent has been advised of the possibility of such losses or damages and regardless of the form of action. The Escrow Agent shall not be under any duty to give the
Escrow Property held by it hereunder any greater degree of care than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Escrow Agreement. Uninvested funds held hereunder shall
not earn or accrue interest. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.3 <U>Resignation or Removal.</U> The Escrow Agent may resign by furnishing
written notice of its resignation to the Company, and the Company may remove the Escrow Agent by furnishing to the Escrow Agent a joint written notice of its removal along with payment of all fees and expenses to which it is entitled through the
date of termination. Such resignation or removal, as the case may be, shall be effective thirty (30)&nbsp;days after the delivery of such notice or upon the earlier appointment of a successor, and the Escrow Agent&#146;s sole responsibility
thereafter shall be to safely keep the Escrow Property and to deliver the same to a successor escrow agent as shall be appointed by the Company, as evidenced by a joint written notice filed with the Escrow Agent or in accordance with a court order.
If the Company has failed to appoint a successor escrow agent prior to the expiration of thirty (30)&nbsp;days following the delivery of such notice of resignation or removal, the Escrow Agent may petition any court of competent jurisdiction for the
appointment of a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding upon the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.4 <U>Compensation.</U> The Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached hereto as <U>Exhibit C,</U> which compensation shall be
paid by the Company. The fee agreed upon for the services rendered hereunder is intended as full compensation for the Escrow Agent&#146;s services as contemplated by this Escrow Agreement; <I>provided</I>, <I>however</I>, that in the event that the
conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or the Escrow Agent renders any service not contemplated in this Escrow Agreement, or there is any assignment of interest in the subject matter of this Escrow
Agreement, or any material modification hereof, or if any material controversy arises hereunder, or the Escrow Agent is made a party to any litigation pertaining to this Escrow Agreement or the subject matter hereof, then the Escrow Agent shall be
compensated for such extraordinary services and reimbursed for all costs and expenses, including reasonable attorneys&#146; fees and expenses, occasioned by any such delay, controversy, litigation or event. If any amount due to the Escrow Agent
hereunder is not paid within thirty (30)&nbsp;days of the date due, the Escrow Agent in its sole discretion may charge interest on such amount up to the highest rate permitted by applicable law. The Escrow Agent is hereby granted the right to set
off and deduct any unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights from the Escrow Property. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.5 <U>Disagreements.</U> If any conflict, disagreement or dispute arises between, among, or involving any of the parties
hereto concerning the meaning or validity of any provision hereunder or concerning any other matter relating to this Escrow Agreement, or the Escrow Agent is in doubt as to the action to be taken hereunder, the Escrow Agent may, at its option,
retain the Escrow Property until the Escrow Agent (i)&nbsp;receives a final non-appealable order of a court of competent jurisdiction or a final non-appealable arbitration decision directing delivery of the Escrow Property, (ii)&nbsp;receives a
written agreement executed by each of the parties involved in such disagreement or dispute directing delivery of the Escrow Property, in which event the Escrow Agent shall be authorized to disburse the Escrow Property in accordance with such final
court order, arbitration decision, or agreement, or (iii)&nbsp;files an interpleader action in any court of competent jurisdiction, and upon the filing thereof, the Escrow Agent shall be relieved of all
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
liability as to the Escrow Property and shall be entitled to recover reasonable attorneys&#146; fees, expenses and other costs incurred in commencing and maintaining any such interpleader action.
The Escrow Agent shall be entitled to act on any such agreement, court order, or arbitration decision without further question, inquiry, or consent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.6 <U>Merger or Consolidation.</U> Any corporation or association into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or
transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which the Escrow
Agent is a party, shall be and become the successor escrow agent under this Escrow Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or
paper or the performance of any further act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.7 <U>Attachment of Escrow Property; Compliance with Legal
Orders.</U> In the event that any Escrow Property shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered
by any court order affecting the Escrow Property, the Escrow Agent is hereby expressly authorized, in its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered or issued, or which it is advised
by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and shall, whether it responds or not, provide the Trustee with prompt written notice of any such attachment, garnishment, levy, court order, injunction,
judgment or decree. In the event that the Escrow Agent obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties or to any other person, firm or corporation, should, by reason of such compliance
notwithstanding, such writ, order or decree be subsequently reversed, modified, annulled, set aside or vacated. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.8 <U>Force Majeure.</U> The Escrow Agent shall not be responsible or liable for any failure or delay in the performance of
its obligation under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; wars; acts of terrorism; civil or
military disturbances; sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor disputes; acts of civil or military authority or governmental action; it
being understood that the Escrow Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as reasonably practicable under the circumstances. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.9 <U>Trustee&#146;s Rights.</U> The rights, privileges, protections, immunities and indemnities in favor of the Escrow
Agent in this Escrow Agreement shall also apply to the Trustee, and shall be in addition to (and not in substitution of) the rights, privileges, protections and indemnities in favor of the Trustee under the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.10 <U>Patriot Act</U>. The parties hereto acknowledge that in accordance with Section&nbsp;326 of the USA Patriot Act the
Escrow Agent, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship
or opens an account with Wilmington Trust, National Association. The parties to this Escrow Agreement agree that they will provide the Escrow Agent with such information as it may request in order for the Escrow Agent to satisfy the requirements of
the USA Patriot Act. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ARTICLE 4 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">MISCELLANEOUS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.1 <U>Due Authorization, Execution and Delivery.</U>
The Company hereby represents and warrants (i)&nbsp;that this Escrow Agreement has been duly authorized, executed and delivered on its behalf and, when duly executed and delivered in accordance with its terms by each of the other parties hereto,
will constitute its legal, valid and binding obligation and (ii)&nbsp;that the execution, delivery and performance of this Escrow Agreement by the Company does not and will not violate any applicable law or regulation in any material respect.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.2 <U>Successors and Assigns.</U> This Escrow Agreement shall be binding on and inure to the benefit of the
Company and the Escrow Agent and their respective successors and permitted assigns. No other persons shall have any rights under this Escrow Agreement. No assignment of the interest of the Company shall be binding unless and until written notice of
such assignment shall be delivered to the Escrow Agent and shall require the prior written consent of the Escrow Agent (such consent not to be unreasonably withheld). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.3 <U>Notices.</U> All notices, requests, demands, and other communications required under this Escrow Agreement shall be in writing, in English, and shall be deemed to have been duly given
if delivered (i)&nbsp;personally, (ii)&nbsp;by facsimile transmission with written confirmation of receipt, (iii)&nbsp;by overnight delivery with a reputable national overnight delivery service, or (iv)&nbsp;by mail or by certified mail, return
receipt requested, and postage prepaid. If any notice is mailed, it shall be deemed given five Business Days after the date such notice is deposited in the United States mail. If notice is given to a party, it shall be given at the address for such
party set forth below. It shall be the responsibility of the Company to notify the Escrow Agent in writing of any name or address changes. In the case of communications delivered to the Escrow Agent, such communications shall be deemed to have been
given on the date received by the Escrow Agent. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to the Company:</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sonic Automotive, Inc.</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">4401 Colwick Road</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Charlotte, North Carolina 28211</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(704) 973-9304</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stephen K. Coss</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">with a copy to (which copy shall not be deemed notice):</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dykema Gossett PLLC</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">100 North Tryon Street, Suite 2700</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Charlotte, North Carolina 28202</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(704) 335-2740</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Thomas H. O&#146;Donnell, Esq.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Melinda S. Blundell, Esq.</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
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<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to the Escrow Agent:</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wilmington Trust, National Association</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">50 South Sixth Street, Suite 1290</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Minneapolis, Minnesota 55402</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attn: Jane Schweiger</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile (612)&nbsp;217-5651</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to the Trustee:</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">U.S. Bank National Association</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attn: Global Corporate Trust Services</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">EP-MN-WS3C</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">60 Livingston Avenue</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">St. Paul, Minnesota 55107-1419</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wire Instructions:</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">BBK: U.S. Bank N.A. (091000022)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">BNF: U.S. Bank Trust N.A.</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">AC: 170225065771</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">OBI: TFM</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">REF: 163216000</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.4 <U>Governing Law.</U> This Escrow Agreement shall be governed by and construed in
accordance with the laws of the State of New York. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.5 <U>Partial Enforceability</U>. The invalidity, illegality
or unenforceability of any section, paragraph or provision of this Escrow Agreement shall not affect the validity, legality or enforceability of any other section, paragraph or provision hereof. If any section, paragraph or provision of this Escrow
Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.5 <U>Entire Agreement.</U> This Escrow Agreement sets forth the entire agreement and understanding of the parties related
to the Escrow Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.6 <U>Amendment.</U> This Escrow Agreement may be amended, modified, superseded,
rescinded, or canceled only by a written instrument executed by the Parties and the Escrow Agent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.7
<U>Waivers.</U> The failure of any party to this Escrow Agreement at any time or times to require performance of any provision under this Escrow Agreement shall in no manner affect the right at a later time to enforce the same performance. A waiver
by any party to this Escrow Agreement of any such condition or breach of any term, covenant, representation, or warranty contained in this Escrow Agreement, in any one or more instances, shall neither be construed as a further or continuing waiver
of any such condition or breach nor a waiver of any other condition or breach of any other term, covenant, representation, or warranty contained in this Escrow Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.8 <U>Executory Contract.</U> To the extent that any of this Escrow Agreement,
the Indenture or any other agreement relating to the Notes is deemed to be an &#147;executory contract&#148; under Section&nbsp;365 of Title 11, U.S. Code (<U>&#147;Section 365&#148;</U>), the Company acknowledges and agrees that this Escrow
Agreement and any such other agreements constitute a contract to make a loan, or extend other debt financing or financial accommodations, as described in Section&nbsp;365(c)(2), and as such are not assumable under Section&nbsp;365(a) or otherwise
enforceable by a debtor or trustee in bankruptcy. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.9 <U>Headings.</U> Section headings of this Escrow Agreement
have been inserted for convenience of reference only and shall in no way restrict or otherwise modify any of the terms or provisions of this Escrow Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.10 <U>Business Days</U>. For purposes of this Escrow Agreement, &#147;Business Day&#148; shall mean any day that is not a Saturday or Sunday or a day on which banks are required or
permitted by law or executive order to be closed in the City of New York. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.11 <U>Counterparts.</U> This Escrow
Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to be an original, and such counterparts shall together constitute one and the same instrument. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[The remainder of this page left intentionally blank.] </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, this Escrow Agreement has been duly executed as of the date first
written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ David P Cosper</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">David P. Cosper</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:&nbsp;&nbsp;&nbsp;Vice Chairman and Chief Financial Officer</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Raymond S. Haverstock</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Raymond S. Haverstock</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">WILMINGTON TRUST, NATIONAL ASSOCIATION, as Escrow Agent</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Timothy P. Mowdy</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Timothy P. Mowdy</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>EXHIBIT A </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Agency and Custody Account Direction </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>For Cash Balances </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Direction for the escrow account or accounts (the <U>&#147;Account&#148;</U>) established under the Escrow Agreement to which this
<U>Exhibit A</U> is attached. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">You are hereby directed to deposit all cash in the Account into a non-interest bearing FDIC
fully-insured deposit account to the extent available. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorized Representative </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE,
INC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">EXHIBIT B </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Certificate as to Authorized Signatures </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The specimen signatures shown
below are the specimen signatures of the individuals who have been designated as authorized representatives of Sonic Automotive, Inc. and are authorized to initiate and approve transactions of all types for the escrow account or accounts established
under the Escrow Agreement to which this <U>Exhibit B</U> is attached </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Name/Title</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:64pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Specimen Signature</FONT></P></TD></TR>


<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">David P. Cosper</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;David P.
Cosper&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Signature</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice Chairman and Chief Financial Officer</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stephen K. Coss</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Stephen K.
Coss&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Signature</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Vice President, General Counsel and Secretary</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Rich Tritel</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Rich
Tritel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Signature</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Treasurer</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT C </B></FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SCHEDULE OF FEES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>to act as ESCROW AGENT for </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SONIC AUTOMOTIVE, INC. </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT D </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Officers&#146; Certificate </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">of </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE, INC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2012 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This certificate is being delivered pursuant to Section&nbsp;1.3(a) of the Escrow Agreement, dated as of June&nbsp;25, 2012 (the
<U>&#147;Escrow Agreement&#148;</U>), by and among Sonic Automotive, Inc., a Delaware corporation (the <U>&#147;Company&#148;</U>), U.S. Bank National Association, a national banking association, in its capacity as Trustee (the
<U>&#147;Trustee&#148;)</U> and Wilmington Trust, National Association, a national banking association, in its capacity as escrow agent (the <U>&#147;Escrow Agent&#148;</U>). Capitalized terms used but not defined herein have the respective meanings
specified in the Indenture, dated as of July&nbsp;2, 2012 (the <U>&#147;Indenture&#148;</U>), among the Company, the guarantors set forth on the signature pages thereto (each a <U>&#147;Guarantor&#148;</U> and, collectively, the
<U>&#147;Guarantors&#148;</U>) and the Trustee, governing the Company&#146;s $200,000,000 in aggregate principal amount of 7.00% Senior Subordinated Notes due 2022 (the <U>&#147;Notes&#148;</U>). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company hereby certifies to the Escrow Agent through the undersigned officer that substantially concurrently with the release of the
Escrow Property pursuant to <U>Section 1.3(a):</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1. The Company has accepted for exchange at least $80.0 million aggregate
principal amount of its outstanding 5.0% Convertible Senior Notes due 2029 prior to October&nbsp;23, 2012; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">2. No Default
or Event of Default has occurred and is continuing under the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, the Company, through the undersigned officers, has signed this
officers&#146; certificate as of the date first written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">16 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT E </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Release Notice </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2012 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reference is hereby made to the Escrow Agreement, dated as of July&nbsp;2, 2012 (the <U>&#147;Escrow Agreement&#148;</U>), by and among
Sonic Automotive, Inc., a Delaware corporation (the <U>&#147;Company&#148;</U>), U.S. Bank National Association, a national banking association, in its capacity as Trustee (the <U>&#147;Trustee&#148;</U>) and Wilmington Trust, National Association,
a national banking association, in its capacity as escrow agent (the <U>&#147;Escrow Agent&#148;</U>). Capitalized terms used herein and not defined shall have the respective meanings ascribed to such terms in the Escrow Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the Escrow Agreement, the Company hereby authorizes the release by the Escrow Agent of the Escrow Property in the aggregate
amount of: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>[Choose one of the following as applicable] </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>[Choose if a release pursuant to Section&nbsp;1.3(a)] </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)
$1,750,000 representing 50% of the Discount (defined as 1.75% of the aggregate principal amount of the Notes), payable to the Initial Purchasers pursuant to the wire instructions on <U>Schedule I</U> attached hereto, which Discount is the fee
payable to the Initial Purchasers pursuant to the Purchase Agreement; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)
$[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] representing certain of the Proceeds, less the amount pay- able under the foregoing clause (a)&nbsp;with respect to 50% of the Discount, is directed to be delivered to the
Company Paying Agent pursuant to the wire instructions on <U>Schedule II</U> attached hereto; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)
$4,355,555.56 representing the entire Interest Deposit and the remainder of the Escrow Property in the Escrow Account is authorized to be delivered by the Company to or for such accounts as the Company determines in its sole discretion. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">17 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>[Choose if a Special Mandatory Redemption is triggered and Escrow Property is to be distributed pursuant
to Section&nbsp;1.3(b) or Section&nbsp;1.3(c)] </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)
$[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] representing the Proceeds and the amount of Interest Deposit calculated based on the number of days from the Closing Date up to, but not including, the date of the Special
Mandatory Redemption (the amounts collectively, the <U>&#147;Special Mandatory Redemption Price&#148;</U>) to the Paying Agent (as defined in the Indenture) pursuant to the wire instructions on <U>Schedule I</U> attached hereto; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) $[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] representing the excess Escrow Property in
the Escrow Accounts payable to the Company, which the Company hereby directs to be delivered to the Company, pursuant to the wire instructions on <U>Schedule II</U> attached hereto. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">18 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, the undersigned has caused this Release Notice to be duly executed and
delivered as of the first date written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">SONIC AUTOMOTIVE, INC.</FONT></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD></TR>
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 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">19 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT F </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Redemption Notice </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">NOTICE IS HEREBY GIVEN THAT, pursuant to Section&nbsp;203 of
the Indenture dated as of July&nbsp;2, 2012 (the <U>&#147;Indenture&#148;</U>), by and among Sonic Automotive, Inc., a Delaware corporation (the <U>&#147;Company&#148;</U>), the guarantors set forth on the signature pages thereto and U.S. Bank
National Association, a national banking association, in its capacity as trustee (the <U>&#147;Trustee&#148;</U>), all of the outstanding Notes are hereby called for redemption on
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2012 (the <U>&#147;Special Mandatory Redemption Date&#148;</U>) at a redemption price equal to 100% of the issue price of the Notes, together with accrued and unpaid
interest on the Notes from the Issue Date up to but not including the Special Mandatory Redemption Date (the <U>&#147;Special Mandatory Redemption Price&#148;</U>). Capitalized terms used herein without definition shall have the meanings ascribed to
such terms in the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If payment is requested to be made to any person other than the registered holder, a written
instrument of transfer duly executed by the registered holder must accompany the Notes. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Notes should be surrendered to
the Paying Agent for payment of the Special Mandatory Redemption Price at the office of the Paying Agent as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[By
Mail]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[By Hand]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[By Courier] </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The method chosen for the delivery of the Notes is at the option and risk of the holder. If delivery is by mail, use of registered or
certified mail, properly insured is suggested. Notes held through The Depository Trust Company (<U>&#147;DTC&#148;</U>) or Euroclear/Clearstream should be surrendered for redemption in accordance with DTC or Euroclear/Clearstream as applicable.
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD></TR>
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 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">20 </FONT></P>


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