Exhibit 10.1

AMENDMENT NO. 3 TO CREDIT AGREEMENT

This AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Agreement”) dated as of December
4, 2014 (the “Effective Date”) is made by and among ASBURY AUTOMOTIVE GROUP,
INC., a Delaware corporation (the “Company” and a “Borrower”), the New Vehicle
Borrowers, the Used Vehicle Borrowers, BANK OF AMERICA, N.A., in its capacity as
administrative agent for the Lenders (as defined in the Credit Agreement
referred to below) (in such capacity, the “Administrative Agent”), and as
Revolving Swing Line Lender, New Vehicle Floorplan Swing Line Lender, Used
Vehicle Floorplan Swing Line Lender and an L/C Issuer, each of the Lenders under
such Credit Agreement signatory hereto, and each of the other Loan Parties (as
defined in the Credit Agreement) signatory hereto.

W I T N E S S E T H:

WHEREAS, the Company, the New Vehicle Borrowers, the Used Vehicle Borrowers,
Bank of America, N.A., as Administrative Agent, Revolving Swing Line Lender, New
Vehicle Floorplan Swing Line Lender, Used Vehicle Floorplan Swing Line Lender
and an L/C Issuer, and the Lenders have entered into that certain Amended and
Restated Credit Agreement dated as of August 8, 2013, as amended by that certain
Amendment No. 1 to Credit Agreement dated as of June 27, 2014, as amended by
that certain Amendment No. 2 to Credit Agreement dated as of October 16, 2014
(as hereby amended and as from time to time further amended, modified,
supplemented, restated, or amended and restated, the “Credit Agreement”;
capitalized terms used in this Agreement not otherwise defined herein shall have
the respective meanings given thereto in the Credit Agreement), pursuant to
which the Lenders have made available to the Borrowers a revolving credit
facility, including a letter of credit facility and a swing line facility, a new
vehicle floorplan facility and a used vehicle floorplan facility; and

WHEREAS, the Company has entered into the Company Guaranty pursuant to which it
has guaranteed the payment and performance of the obligations of each Borrower
under the Credit Agreement and the other Loan Documents; and

WHEREAS, each of the Subsidiary Guarantors has entered into the Subsidiary
Guaranty pursuant to which it has guaranteed the payment and performance of
certain or all of the obligations of the Borrowers under the Credit Agreement
and the other Loan Documents, and the Borrowers and the Subsidiary Guarantors
have entered into various Security Instruments to secure their respective
obligations and liabilities in respect the Loan Documents; and

WHEREAS, the Borrower has advised the Administrative Agent and the Lenders that
the Borrowers desire to amend certain provisions of the Credit Agreement, as set
forth below, and the Administrative Agent and the Lenders signatory hereto are
willing to agree to such amendments on the terms and conditions contained in
this Agreement;

NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

--------------------------------------------------------------------------------

1. Amendments to Credit Agreement. Subject to the terms and conditions set forth
herein, the Credit Agreement is hereby amended as follows:

(a) The following definitions are hereby added to Section 1.01 of the Credit
Agreement in the appropriate alphabetical order therein:

“Amendment No. 3 Effectiveness Date” means December 4, 2014.

“Consolidated EBITDA” means, for any period, Consolidated EBITDAR for such
period minus Consolidated Rental Expense for such period.

“Consolidated Total Leverage Ratio” means, as of any date of determination, the
ratio of: (a) Consolidated Adjusted Funded Indebtedness as of the date of
determination minus the aggregate amount as of the date of determination of cash
and cash equivalents held in (x) accounts on the consolidated balance sheet of
the applicable Person and its Restricted Subsidiaries as of such date to the
extent the use thereof for application to payment of Indebtedness is not
prohibited by law or any contract to which any such Person is a party and
(y) accounts established as an offset to floor plan notes payable on the
consolidated balance sheet of the applicable Person and its Restricted
Subsidiaries as of such date; provided that the aggregate amount of cash and
cash equivalents under clauses (x) and (y) shall in no event exceed $50,000,000
to (b) Consolidated EBITDA for the four-quarter period most recently ended on or
prior to such date.

“FMCC Collateral” means, to the extent a security interest in and to the
following items of property have been granted to FMCC, (A) any item of Ford or
Lincoln New Vehicle inventory if such inventory was originally acquired by any
Ford or Lincoln Franchise (whether directly from a manufacturer, through dealer
trade or at auction) set forth on the applicable exhibit to the FMCC
Intercreditor Agreement (which Exhibit shall be considered the “FMCC Exhibit”
and may be supplemented or amended from time to time in accordance with the
terms of the FMCC Intercreditor Agreement) and FMCC is a party to a loan
facility to provide inventory financing of Ford or Lincoln New Vehicle inventory
on a VIN-specific basis to such Ford or Lincoln Franchise, (B) all accounts,
instruments, monies, payment intangibles and other rights to payment (and all
items in which FMCC may exercise a right of setoff or recoupment at law or in
equity) which are owed by any Person to a Ford or Lincoln Franchise (or to the
dealership Subsidiary that owns such Ford or Lincoln Franchise and which relate
to such Ford or Lincoln Franchise) set forth on the FMCC Exhibit, (C) any
inventory of repair, replacement or service parts of any Ford or Lincoln
Franchise set forth on the FMCC Exhibit, (D) general intangibles of any Ford or
Lincoln Franchise set forth on the FMCC Exhibit (including, without limitation,
franchise rights of such Ford or Lincoln Franchise to the extent such Ford or
Lincoln Franchise shall have granted a security interest therein to FMCC, but
excluding any equity or other ownership interests in any direct or indirect
Subsidiary of the Company), and (E) any proceeds of the foregoing.

 

2

--------------------------------------------------------------------------------

(b) Clause (vi) of the definition of “Consolidated EBITDAR” is hereby amended,
so that, as amended, such clause shall read as follows:

(vi) [intentionally omitted];

(c) The definition of “FMCC Intercreditor Agreement” is hereby amended, so that,
as amended, such definition shall read as follows:

“FMCC Intercreditor Agreement” means an intercreditor agreement, including any
such agreement entered into after the Amendment No. 3 Effectiveness Date,
between FMCC and the Administrative Agent with respect to FMCC Collateral and is
otherwise acceptable to the Administrative Agent.

(d) The definition of “Permitted FMCC Floorplan Indebtedness” is hereby amended,
so that, as amended, such definition shall read as follows:

“Permitted FMCC Floorplan Indebtedness” means New Vehicle floorplan Indebtedness
that (a) is owed to FMCC by any Subsidiary that operates a Ford or Lincoln
dealership, (b) finances only the acquisition of new Ford or Lincoln Vehicles by
such Ford or Lincoln dealership, (c) is not guaranteed or owed by any Person
other than (i) any Subsidiary that operates such a Ford or Lincoln dealership or
(ii) the Company, (d) is not secured by any assets other than the FMCC
Collateral (unless otherwise agreed to by the Administrative Agent) and (e) is
subject to an FMCC Intercreditor Agreement.

(e) Section 6.02(a)(i)(A) of the Credit Agreement is hereby amended by adding
the following at the end of such clause:

along with calculations of Restricted Payment availability and usage and the
Consolidated Total Leverage Ratio in form and substance reasonably acceptable to
the Administrative Agent,

(f) Section 7.10(a) of the Credit Agreement is hereby amended, so that, as
amended, such section shall read as follows:

(a) Restricted Payments. Declare or make any Restricted Payment, except that the
Company or any Subsidiary of the Company may pay dividends to the Company
(directly or indirectly) or to another Subsidiary Guarantor that is a
wholly-owned Subsidiary of the Company at any time, and may also make the
following Restricted Payments, provided that, (x) immediately after giving
effect to the declaration of any dividend, and the payment of any Restricted
Payment, there exists no Default under Section 8.01(a) or (f) or Section 8.03(a)
or (g) and no Event of Default, and (y) after giving pro forma effect to the
declaration of any dividend and the payment of any Restricted Payment made
pursuant to clause (i), (ii), (iii), (iv) or (vi) below, the Company is in
compliance with the covenants contained in Section 7.11 on a pro forma basis for
the immediately preceding four (4) quarters:

 

3

--------------------------------------------------------------------------------

(i) the Company may declare and pay cash dividends on its capital stock and may
purchase shares of its capital stock; provided that, at the time of any such
cash dividend payment or share purchase and after giving effect to such cash
dividend payment or share purchase, the aggregate amount payable or paid in
respect of all cash dividends by the Company or shares purchased by the Company
(other than shares purchased pursuant to clause (ii) below) on or after the
Amendment No. 3 Effectiveness Date shall not exceed the sum of (x) $150,000,000
plus (or minus if negative) (y) one-half (1/2) of the aggregate Consolidated Net
Income of the Company for the period (taken as one accounting period) beginning
on October 1, 2014 up to the end of the Company’s most recent fiscal quarter for
which internal financial statements have been delivered to the Administrative
Agent plus (z) 100% of the aggregate net cash proceeds received by the Company
after October 1, 2014 as a contribution to its common equity capital or from the
issue or sale of Equity Interests of the Company or from the issue or sale of
convertible or exchangeable preferred stock or convertible or exchangeable debt
securities of the Company that have been converted into or exchanged for such
Equity Interests (other than Equity Interests, preferred stock or debt
securities sold to a Subsidiary of the Company and other than any contribution
by a Subsidiary) (the product described above at any time being referred to
herein as the “7.10(a)(i) RP Basket Limit”);

(ii) without counting against the 7.10(a)(i) RP Basket Limit set forth in
Section 7.10(a)(i) above or restricting the Restricted Payments permitted to be
made by Section 7.10(a)(iii),the Company and its Subsidiaries may repurchase,
redeem or otherwise acquire or retire for value any Equity Interests of the
Company or any such Subsidiaries in an aggregate amount not to exceed
$20,000,000 in any fiscal year;

(iii) without counting against the 7.10(a)(i) RP Basket Limit set forth in
Section 7.10(a)(i) above or restricting the Restricted Payments permitted to be
made by Section 7.10(a)(ii), the Company may make other Restricted Payments so
long as the Consolidated Total Leverage Ratio of the Company and its Restricted
Subsidiaries on a consolidated basis is no greater than 3.0 to 1 (determined on
a pro forma basis for the most recently ended four full fiscal quarters for
which internal financial statements have been delivered to the Administrative
Agent prior to such Restricted Payment);

(iv) the Company may declare and pay stock dividends directly or indirectly;

(v) the Company may repurchase Equity Interests deemed to occur upon the
exercise of stock options if those Equity Interests represent all or a portion
of the exercise price of those options;

 

4

--------------------------------------------------------------------------------

(vi) the Company may repurchase fractional shares arising out of stock
dividends, splits or combinations or business combinations; and

(vii) the Company may pay any dividend or distribution on, or redemption of,
Equity Interests pursuant to clause (i) within 60 days after the date of
declaration or notice thereof, if at the date of declaration or the giving of
notice, the payment would have complied with the provisions of this Agreement.

(g) Sections 7.13 of the Credit Agreement is hereby amended, so that, as
amended, such section shall read as follows:

7.13 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly
or indirectly, and whether immediately, incidentally or ultimately, to purchase
or carry margin stock (within the meaning of Regulation U) or to extend credit
to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose, other than in connection with
Restricted Payments constituting share repurchases permitted pursuant to
Section 7.10(a)(i)-(iii) or (vii).

(h) Clause (iii) of Section 7.19 of the Credit Agreement is hereby amended, so
that, as amended, such section shall read as follows:

(iii) if the aggregate Cost of Acquisition (exclusive of the value of the Equity
Interests of the Company to be transferred in connection with such Acquisition)
of

(x) all Acquisitions (including such Acquisition) occurring after the Closing
Date and on or before February 28, 2015 is in excess of $200,000,000, or

(y) all Acquisitions (including such Acquisition) occurring on or after March 1,
2015 is in excess of $250,000,000,

the Required Lenders shall have consented to such Acquisition;

(i) Sections 9.10(e) of the Credit Agreement is hereby amended, so that, as
amended, such section shall read as follows:

(e) to enter into any FMCC Intercreditor Agreement, including any such agreement
entered into on or after the Amendment No.3 Effectiveness Date, with respect to
Indebtedness permitted by Section 7.01(r);

2. Conditions Precedent. The effectiveness of this Agreement and the
effectiveness of the amendments and waivers to the Credit Agreement provided
herein are subject to the satisfaction of the following conditions precedent:

 

5

--------------------------------------------------------------------------------

(a) the Administrative Agent shall have received counterparts of this Agreement,
duly executed by the Company, each other Borrower, each Subsidiary Guarantor,
and such Lenders as are necessary to constitute the Required Lenders;

(b) the Administrative Agent shall have received a form FR U-1 executed by the
Company; and

(c) the Company shall have paid to the Administrative Agent, for the account of
each Lender that executes and delivers a signature page to this Agreement prior
to 5:00 p.m. Eastern time on December 1, 2014, an amendment fee (or has agreed
to pay such fee at a later time) in an amount equal to 0.07% of the amount of
the Commitment of such Lender under the Credit Agreement as of the Effective
Date. All such fees shall have accrued and be fully earned as of the Effective
Date.

3. Consent of the Guarantors. Each Guarantor hereby consents, acknowledges and
agrees to the amendments and waivers set forth herein and hereby confirms and
ratifies in all respects the Guaranty to which such Guarantor is a party
(including without limitation the continuation of such Guarantor’s payment and
performance obligations thereunder upon and after the effectiveness of this
Agreement and the amendments and waivers contemplated hereby) and the
enforceability of such Guaranty against such Guarantor in accordance with its
terms.

4. Representations and Warranties. In order to induce the Lenders party hereto
to enter into this Agreement, each Loan Party represents and warrants to the
Administrative Agent and the Lenders as follows:

(a) The representations and warranties made by or with respect to each Loan
Party in Article V of the Credit Agreement and in each of the other Loan
Documents to which such Loan Party is a party are true and correct on and as of
the date hereof, except to the extent that such representations and warranties
expressly relate to an earlier date in which case they are true and correct as
of such earlier date;

(b) The Persons appearing as Subsidiary Guarantors on the signature pages to
this Agreement constitute all Persons who are required to be Subsidiary
Guarantors pursuant to the terms of the Credit Agreement and the other Loan
Documents, including without limitation all Persons who became Subsidiaries or
were otherwise required to become Subsidiary Guarantors after the Closing Date,
and each such Person has executed and delivered a Subsidiary Guaranty;

(c) This Agreement has been duly authorized, executed and delivered by the
Borrowers and Guarantors party hereto and constitutes a legal, valid and binding
obligation of each such party, except as may be limited by general principles of
equity or by the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar law affecting creditors’ rights generally;
and

(d) No Default or Event of Default has occurred and is continuing either
immediately prior to or immediately after the effectiveness of this Agreement.

 

6

--------------------------------------------------------------------------------

5. FATCA Certification. Solely for purposes of determining withholding Taxes
imposed under FATCA, from and after the effective date of this Agreement, each
Borrower and the Administrative Agent shall treat (and the Lenders hereby
authorize the Administrative Agent to treat) the Credit Agreement as not
qualifying as a “grandfathered obligation” within the meaning of Treasury
Regulation Section 1.1471-2(b)(2)(i).

6. Entire Agreement. This Agreement, together with all the Loan Documents
(collectively, the “Relevant Documents”), sets forth the entire understanding
and agreement of the parties hereto in relation to the subject matter hereof and
supersedes any prior negotiations and agreements among the parties relative to
such subject matter. No promise, condition, representation or warranty, express
or implied, not set forth in the Relevant Documents shall bind any party hereto,
and not one of them has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise
expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other in
relation to the subject matter hereof or thereof. None of the terms or
conditions of this Agreement may be changed, modified, waived or canceled orally
or otherwise, except as permitted pursuant to Section 10.01 of the Credit
Agreement.

7. Full Force and Effect of Agreement. After giving effect to this Agreement and
the amendments and waivers contained herein, the Credit Agreement and all other
Loan Documents are hereby confirmed and ratified in all respects by each party
hereto and shall be and remain in full force and effect according to their
respective terms.

8. Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which shall together constitute one and the same
instrument. Delivery of an executed counterpart of a signature page of this
Agreement by telecopy or electronic delivery (including by .pdf) shall be
effective as delivery of a manually executed counterpart of this Agreement.

9. Governing Law. This Agreement shall in all respects be governed by, and
construed in accordance with, the laws of the State of New York applicable to
contracts executed and to be performed entirely within such State, and shall be
further subject to the provisions of Section 10.14 of the Credit Agreement.

10. Enforceability. Should any one or more of the provisions of this Agreement
be determined to be illegal or unenforceable as to one or more of the parties
hereto, all other provisions nevertheless shall remain effective and binding on
the parties hereto.

11. References. All references in any of the Loan Documents to the “Credit
Agreement” shall mean the Credit Agreement, as amended and modified hereby and
as further amended, supplemented or otherwise modified from time to time in
accordance with the terms of the Credit Agreement.

12. Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of the Borrowers, the Administrative Agent and each of the
Guarantors and Lenders, and their respective successors, legal representatives
and assignees to the extent such assignees are permitted assignees as provided
in Section 10.06 of the Credit Agreement.

 

7

--------------------------------------------------------------------------------

[Signature pages follow.]

 

8

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made,
executed and delivered by their duly authorized officers as of the day and year
first above written.

 

BORROWER AND GUARANTOR: ASBURY AUTOMOTIVE GROUP, INC. By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Senior Vice President & Chief Financial Officer

 

SUBSIDIARIES THAT ARE NEW VEHICLE

BORROWERS, USED VEHICLE BORROWERS,

AND SUBSIDIARY GUARANTORS:

ASBURY AR NISS L.L.C.

ASBURY ATLANTA AC L.L.C.

ASBURY ATLANTA AU L.L.C.

ASBURY ATLANTA BM L.L.C.

ASBURY ATLANTA HON L.L.C.

ASBURY ATLANTA INF L.L.C.

ASBURY ATLANTA INFINITI L.L.C.

ASBURY ATLANTA LEX L.L.C.

ASBURY ATLANTA NIS L.L.C.

ASBURY ATLANTA TOY L.L.C.

ASBURY ATLANTA VB L.L.C.

ASBURY AUTOMOTIVE BRANDON, L.P.

ASBURY AUTOMOTIVE ST. LOUIS, L.L.C.

ASBURY DELAND HUND, LLC

ASBURY JAX AC, LLC

ASBURY JAX HON L.L.C.

ASBURY MS CHEV L.L.C.

ASBURY SC JPV L.L.C.

ASBURY SC LEX L.L.C.

ASBURY SC TOY L.L.C.

ASBURY ST. LOUIS LEX L.L.C.

ASBURY ST. LOUIS LR L.L.C.

ASBURY ST. LOUIS M L.L.C.

ASBURY-DELAND IMPORTS, L.L.C.

AVENUES MOTORS, LTD.

BFP MOTORS L.L.C.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

CFP MOTORS L.L.C.

CH MOTORS L.L.C.

CHO PARTNERSHIP, LTD.

CN MOTORS L.L.C.

COGGIN CARS L.L.C.

COGGIN CHEVROLET L.L.C.

CROWN CHH L.L.C.

CROWN FDO L.L.C.

CROWN GAC L.L.C.

CROWN GBM L.L.C.

CROWN GDO L.L.C.

CROWN GHO L.L.C.

CROWN GNI L.L.C.

CROWN GVO L.L.C.

CROWN MOTORCAR COMPANY L.L.C.

CROWN PBM L.L.C.

CROWN RIA L.L.C.

CROWN RIB L.L.C.

CROWN SNI L.L.C.

CSA IMPORTS L.L.C.

ESCUDE-NN L.L.C.

ESCUDE-NS L.L.C.

ESCUDE-T L.L.C.

HFP MOTORS L.L.C.

KP MOTORS L.L.C.

MCDAVID AUSTIN-ACRA, L.L.C.

MCDAVID FRISCO-HON, L.L.C.

MCDAVID HOUSTON-NISS, L.L.C.

MCDAVID IRVING-HON, L.L.C.

MCDAVID PLANO-ACRA, L.L.C.

NP MZD L.L.C.

NP VKW L.L.C.

PRECISION INFINITI, INC.

PRECISION MOTORCARS, INC.

PRECISION NISSAN, INC.

PREMIER NSN L.L.C.

PREMIER PON L.L.C.

PRESTIGE BAY L.L.C.

PRESTIGE TOY L.L.C.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

Q AUTOMOTIVE BRANDON FL, LLC

Q AUTOMOTIVE JACKSONVILLE FL, LLC

Q AUTOMOTIVE GROUP L.L.C.

TAMPA HUND, L.P.

TAMPA KIA, L.P.

WTY MOTORS, L.P.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

PLANO LINCOLN-MERCURY, INC.

AF MOTORS, L.L.C.

CROWN FFO L.L.C.

ASBURY MS GRAY-DANIELS L.L.C.

NP FLM L.L.C.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

ADDITIONAL USED VEHICLE BORROWERS

AND SUBSIDIARY GUARANTORS:

AF MOTORS, L.L.C.

ASBURY MS GRAY-DANIELS L.L.C.

CROWN FFO L.L.C.

NP FLM L.L.C.

PLANO LINCOLN-MERCURY, INC.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

ADDITIONAL SUBSIDIARY GUARANTORS:

ANL, L.P.

ARKANSAS AUTOMOTIVE SERVICES, L.L.C.

ASBURY ATLANTA CHEVROLET L.L.C.

ASBURY ATLANTA JAGUAR L.L.C.

ASBURY ATLANTA VL L.L.C.

ASBURY AUTOMOTIVE ARKANSAS DEALERSHIP HOLDINGS L.L.C.

ASBURY AUTOMOTIVE ARKANSAS L.L.C.

ASBURY AUTOMOTIVE ATLANTA II L.L.C.

ASBURY AUTOMOTIVE ATLANTA L.L.C.

ASBURY AUTOMOTIVE CENTRAL FLORIDA, L.L.C.

ASBURY AUTOMOTIVE DELAND, L.L.C.

ASBURY AUTOMOTIVE FRESNO L.L.C.

ASBURY AUTOMOTIVE GROUP L.L.C.

ASBURY AUTOMOTIVE JACKSONVILLE GP L.L.C.

ASBURY AUTOMOTIVE JACKSONVILLE, L.P.

ASBURY AUTOMOTIVE MANAGEMENT L.L.C.

ASBURY AUTOMOTIVE MISSISSIPPI L.L.C.

ASBURY AUTOMOTIVE NORTH CAROLINA DEALERSHIP HOLDINGS L.L.C.

ASBURY AUTOMOTIVE NORTH CAROLINA L.L.C.

ASBURY AUTOMOTIVE NORTH CAROLINA MANAGEMENT L.L.C.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

ASBURY AUTOMOTIVE NORTH CAROLINA REAL ESTATE HOLDINGS L.L.C.

ASBURY AUTOMOTIVE OREGON L.L.C.

ASBURY AUTOMOTIVE SOUTHERN CALIFORNIA L.L.C.

ASBURY AUTOMOTIVE ST. LOUIS II L.L.C.

ASBURY AUTOMOTIVE TAMPA GP L.L.C.

ASBURY AUTOMOTIVE TAMPA, L.P.

ASBURY AUTOMOTIVE TEXAS L.L.C.

ASBURY AUTOMOTIVE TEXAS REAL ESTATE HOLDINGS L.L.C.

ASBURY DELAND IMPORTS 2, L.L.C.

ASBURY FRESNO IMPORTS L.L.C.

ASBURY JAX HOLDINGS, L.P.

ASBURY JAX K L.L.C.

ASBURY JAX MANAGEMENT L.L.C.

ASBURY JAX VW L.L.C.

ASBURY NO CAL NISS L.L.C.

ASBURY SACRAMENTO IMPORTS L.L.C.

ASBURY SO CAL DC L.L.C.

ASBURY SO CAL HON L.L.C.

ASBURY SO CAL NISS L.L.C.

ASBURY SOUTH CAROLINA REAL ESTATE HOLDINGS L.L.C.

ASBURY ST. LOUIS CADILLAC L.L.C.

ASBURY ST. LOUIS FSKR, L.L.C.

ASBURY TAMPA MANAGEMENT L.L.C.

ASBURY TEXAS D FSKR, L.L.C.

ASBURY TEXAS H FSKR, L.L.C.

ATLANTA REAL ESTATE HOLDINGS L.L.C.

BAYWAY FINANCIAL SERVICES, L.P.

C & O PROPERTIES, LTD.

CAMCO FINANCE II L.L.C.

CK CHEVROLET L.L.C.

CK MOTORS LLC

COGGIN AUTOMOTIVE CORP.

COGGIN MANAGEMENT, L.P.

CP-GMC MOTORS L.L.C.

CROWN ACURA/NISSAN, LLC

CROWN CHO L.L.C.

CROWN CHV L.L.C.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

CROWN FFO HOLDINGS L.L.C.

CROWN GCA L.L.C.

CROWN GPG L.L.C.

CROWN HONDA, LLC

CROWN SJC L.L.C.

FLORIDA AUTOMOTIVE SERVICES L.L.C.

JC DEALER SYSTEMS, LLC

MCDAVID GRANDE, L.L.C.

MCDAVID HOUSTON-HON, L.L.C.

MCDAVID OUTFITTERS, L.L.C.

MID-ATLANTIC AUTOMOTIVE SERVICES, L.L.C.

MISSISSIPPI AUTOMOTIVE SERVICES, L.L.C.

MISSOURI AUTOMOTIVE SERVICES, L.L.C.

PRECISION COMPUTER SERVICES, INC.

PRECISION ENTERPRISES TAMPA, INC.

SOUTHERN ATLANTIC AUTOMOTIVE SERVICES, L.L.C.

TAMPA LM, L.P.

TAMPA MIT, L.P.

TEXAS AUTOMOTIVE SERVICES, L.L.C.

THOMASON AUTO CREDIT NORTHWEST, INC.

THOMASON DAM L.L.C.

THOMASON FRD L.L.C.

THOMASON HUND L.L.C.

THOMASON PONTIAC-GMC L.L.C.

WMZ MOTORS, L.P.

 

By:  

/s/ Keith R. Style

Name:  

Keith R. Style

Title:  

Chief Financial Officer

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A., as Administrative Agent

By:

 

/s/ Linda Lov

Name:

 

Linda Lov

Title:

 

AVP

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

LENDERS:

BANK OF AMERICA, N.A., as a Lender, Revolving Swing Line Lender, New Vehicle
Floorplan Swing Line Lender, Used Vehicle Floorplan Swing Line Lender and an L/C
Issuer

By:

 

/s/ K.W. Winston, III

Name:

 

K.W. Winston, III

Title:

 

Senior Vice President

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

TOYOTA MOTOR CREDIT CORPORATION,

as a Lender

By:

 

/s/ Willemien Steensma

Name:

 

Willemien Steensma

Title:

 

National Accounts Manager

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

JPMORGAN CHASE BANK, N.A., as a Lender

By:

 

/s/ Jeffrey G. Calder

Name:

 

Jeffrey G. Calder

Title:

 

Vice President

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

MERCEDES-BENZ FINANCIAL SERVICES USA LLC,

as a Lender

By:

 

/s/ Michele Nowak

Name:

 

Michele Nowak

Title:

 

Credit Director, National Accounts

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as a Lender

By:

 

/s/ Manuel H. Comas

Name:

 

Manuel H. Comas

Title:

 

S.V.P.

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

NISSAN MOTOR ACCEPTANCE CORPORATION,

as a Lender

By:

 

/s/ Josh Taylor

Name:

 

Josh Taylor

Title:

 

Manager, Commercial Credit

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

BMW FINANCIAL SERVICES, NA, LLC, as a Lender

By:

 

/s/ Patrick Sullivan

Name:

 

Patrick Sullivan

Title:

 

GM, Commercial Finance

BMW Group Financial Services

 

BMW FINANCIAL SERVICES, NA, LLC, as a Lender

By:

 

/s/ Scott Bargar

Name:

 

Scott Bargar

Title:

 

Commercial Finance, Credit Manager

BMW Group Financial Services

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

US BANK NATIONAL ASSOCIATION, as a Lender

By:

 

/s/ Noor H. Noordin

Name:

 

Noor H. Noordin

Title:

 

Vice President

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

BANK OF THE WEST, as a Lender

By:

 

/s/ Ryan Mauser

Name:

 

Ryan Mauser

Title:

 

Vice President

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

MASSMUTUAL ASSET FIANANCE LLC, as a Lender

By:

 

/s/ Don Buttler

Name:

 

Don Buttler

Title:

 

SVP

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page

--------------------------------------------------------------------------------

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as a Lender

By:

 

/s/ Peter Cucchiara

Name:

 

Peter Cucchiara

Title:

 

Vice President

By:

 

/s/ Lisa Wong

Name:

 

Lisa Wong

Title:

 

Vice President

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

Signature Page