Document:

EX-4.11

	 	 	Bank of America, N.A.

	 	 	c/o Banc of America Securities LLC

	9	 	West 57th Street

	 	 	New York, NY 10019

June 23, 2006

	 	 	 	 	 
	To: Group 1 Automotive, Inc.
	950 Echo Lane, Suite 100
Houston, TX 77024
Attention: Kim Craig
Telephone No.:
	 	 	(713) 647-5742	 
	Facsimile No.:
	 	 	(713) 647-5858	 

Re: Warrants Transaction Amendment

The purpose of this letter agreement (the “Amendment”) is to amend the terms and conditions of
the Transaction (the “Transaction”) entered into between Bank of America, N.A. (“BofA”) and Group 1
Automotive, Inc., (the “Company”) pursuant to a letter agreement (the “Confirmation”) dated June
20, 2006, pursuant to which BofA has purchased from the Company a Number of Warrants equal to
2,524,005. This Amendment relates to, and sets forth the terms of, the purchase by BofA from the
Company of an additional Number of Warrants (the “Additional Number of Warrants”).

Upon the effectiveness of this Amendment to the Confirmation, all references to “Number of
Warrants” and “Transaction” in the Confirmation, as amended, will include the Additional Number of
Warrants purchased by Company pursuant to the terms set forth below and, except to the extent
specified below, all other provisions of the Confirmation shall apply to the Additional Number of
Warrants as if such Additional Number of Warrants were originally subject to Confirmation.
Capitalized terms used herein without definition shall have the meanings assigned to them in the
Confirmation.

The terms relating to the purchase of the Additional Number of Warrants are as follows:

1. The “Trade Date” with respect to the Additional Number of Warrants will be June 23, 2006 .

2. The “Number of Warrants” for the Transaction will be “2,902,606” reflecting an addition of
378,601 Additional Number of Warrants.

3. The “Maximum Number of Warrants” for the Transaction will be “2,902,606” reflecting an addition
of 378,601 Additional Number of Warrants.

4. The “Maximum Amount,” as defined in Section 9(o), will be “5,805,212.”

5. The “Premium” for the Transaction will be $48,330,750 reflecting an increase of the premium
payable by BofA to the Company in the amount of $6,549,750 for to the Additional Number of
Warrants.

6. The “Premium Payment Date” with respect to the premium for the Additional Number of Warrants
will be June 26, 2006.

7. The Company hereby repeats the representations, warranties and agreements contained in the
Confirmation with respect to the Amendment or with respect to the Confirmation, as amended by the
Amendment, as the context requires.

8. Except as amended hereby, all the terms of the Transaction and provisions in the Confirmation
shall remain and continue in full force and effect and are hereby confirmed in all respects.

9. This Amendment may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if all of the signatures thereto and hereto were upon the same
instrument.

10. The provisions of this Amendment shall be governed by the New York law (without reference to
choice of law doctrine).

11. The Company represents that, except as disclosed in writing by the Company to BofA or as
described in the prospectus relating to the Convertible Notes, neither it nor any of its affiliates
has purchased any Shares in purchases of blocks (as contemplated by Rule 10b-18 under the Exchange
Act) during each of the four calendar weeks preceding the date hereof. The Company further
covenants and agrees that neither it or any of its affiliates will purchase any Shares prior to the
Closing Date (or the Early Unwind Date if the Closing Date does not occur prior to the Early Unwind
Date).

1

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing
this Amendment and returning it to Chris Hutmaker, Facsimile No. 212 326 9882.

Very truly yours,

Bank of America, N.A.

By: /s/ Eric P. Hambleton

Authorized Signatory

Name: Eric P. Hambleton

Accepted and confirmed

as of the Trade Date:

GROUP 1 AUTOMOTIVE, INC.

By: /s/ Jeffrey Cameron

Authorized Signatory

Name: Jeffrey Cameron

2EXHIBIT 10.1

                              CONSULTING AGREEMENT

            This agreement made as of the 30th day of September 2004.

BETWEEN:

                         CALIOPE NETWORKS (CANADA) INC.,
              a British Columbia Corporation having its registered
                and records office at Suite 301 - Oak Bay Avenue,
                           Victoria, British Columbia
                                     V8R 1B2

                 (hereinafter referred to as the "Corporation")
                                                              OF THE FIRST PART,
AND:

                                ELAINE MCDERMID,
                      of 1915 - 133 B Street, Surrey, B.C.
                                     V4A 7S7

                  (hereinafter referred to as the "Consultant")
                                                             OF THE SECOND PART.

WHEREAS  the  Corporation  has  been  incorporated  for  the  express purpose of
attempting  to  develop,  market  and sell, certain telephone and other computer
related  services;

AND  WHEREAS  the Corporation intends to proceed with its business enterprise by
becoming  a  public trading corporation, independently or by merger or otherwise
with  another  public  trading  corporation;

AND  WHEREAS  the  Corporation  wishes  to  secure  the  opportunity  to use the
Consultant  for  consulting  in  professional  financial  service areas, and the
Consultant  has  agreed  to  be  available  to  the  Corporation;

NOW  THEREFORE  THIS AGREEMENT WITNESSES that in consideration of the respective
covenants  and agreements of the parties contained herein, and the consideration
hereinafter  expressed  (the  receipt  and  sufficiency  of  which  is  hereby
acknowledged  by  each  of  the  parties  hereto),  it  is  agreed  as  follows:

                         ARTICLE 1 - CONSULTING SERVICES

1.01     The  Consultant  agrees  to  be available to the Corporation to provide
consulting  services in the field of professional financial services at the call
of  the  Corporation.

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1.02     This  Agreement  shall remain in full force and effect from the date of
this  agreement  for  a  term  of  two  years  thereafter,  subject  to  earlier
termination  as  hereinafter  provided,  with  the  said  term  being capable of
extension  by  mutual  written  agreement  of  the  parties  hereto.

1.03     The  Services  to  be  provided  hereunder  to  the  Corporation by the
Consultant  shall  be provided by the Consultant.  It is agreed and acknowledged
that  the  Consultant  will from time to time provide other services and conduct
other  business  activities  to  other  persons, firms and corporations, and the
obligation  to  provide  consulting  services  under  this  Agreement  shall  be
non-exclusive.

1.04     The Consultant shall act in accordance with any policy of and carry out
any  reasonable  instructions  of  the  Board of Directors of the Corporation if
called upon to provide Services.  The Consultant acknowledges that such policies
and  instructions  may  limit,  restrict or remove any power or discretion which
might  otherwise  have  been  exercised  by  the  Consultant.

1.05     In  consideration  for  the  Services  which  may  be  required  by the
Corporation, the Consultant and the Corporation shall pay to the Consultant fees
as  shall  be  determined  and negotiated between the parties at the time of the
Corporation  calling  upon the Consultant to provide the Services, to be paid in
accordance  with  the  terms  then  negotiated  between  the  parties.

1.06     In  consideration of the Consultant agreeing to be available to provide
consulting  services  under  the  terms of this Agreement, it is agreed that the
Corporation, in the event of it becoming, or acquiring by merger or otherwise, a
corporation  trading  its  shares to the public, shall obtain and provide to the
Consultant  250,000  shares, as are otherwise offered to the public, in the name
of the Consultant.  It is expressly acknowledged and agreed that such shares are
valued for the purposes of this Agreement at $0.001 per share and have only such
nominal  value.

1.07     It  is  expressly  agreed  and  acknowledged  that  in  the  event  the
Corporation should not become a corporation trading its shares to the public, or
acquire such a corporation for the purposes of its business plan, there shall be
no  obligation  on the part of the Corporation to make payment of or deliver any
such  shares  to  the  Consultant.

1.08     In  the  event  that  this  Agreement should be terminated prior to the
issuance  and  allotment  of  such  shares  to  the  Consultant,  the  right  or
entitlement  of  the Consultant to such shares shall forthwith be terminated and
the  Corporation  shall  have no further obligation to the Consultant hereunder.

1.09     In  addition to the payment, as may be negotiated, of fees for Services
actually  provided, the Consultant shall be reimbursed from time to time for all
out-of-

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pocket  expenses,  including travel costs, actually and properly incurred by the
Consultant in connection with providing the Services hereunder.  The Consultant,
as  a  condition  of  such  reimbursement, shall furnish statements, vouchers or
receipts  to  the  Corporation  for  all  such  expenses.

1.10     It  is  expressly acknowledged that this Agreement does not require the
Corporation to call upon the Consultant during the term, or any extension of it,
to  provide  Services  to  the  Corporation.

                              ARTICLE 2 - COVENANTS

2.01     The  Consultant  covenants and agrees with the Corporation that it will
not  delegate  performance of the Services to any other person without the prior
written consent of the Corporation, in the event that the Corporation calls upon
the  Consultant  to  provide  such  Services.

                 ARTICLE 3 - CONFIDENTIALITY AND NON-COMPETITION

3.01     The  Consultant  covenants  and  agrees  that  the  Consultant will not
disclose to any person any confidential information with respect to the business
or  affairs  of  the  Corporation,  except  as  may be necessary or desirable to
further  the  business  interests  of  the  Corporation.  This  obligation shall
survive  the  expiry  or  termination  of  this  Agreement.

3.02     Upon  expiry  or  termination  of  this  Agreement the Consultant shall
return  to  the  Corporation  any  property,  documentation,  or  confidential
information  which  is  the  property  of  the  Corporation.

3.03     Upon  the  call  of  the  Corporation, the Consultant shall provide the
services  on  the terms and conditions then negotiated, and faithfully serve and
use  best efforts to promote the interests of the Corporation, shall not use any
information  which  the  Consultant may acquire with respect to the business and
affairs  of  the Corporation or its affiliates for the Consultant's own purposes
or  for  any  purposes  other  than  those of the Corporation or its affiliates.

                             ARTICLE 4 - TERMINATION

4.01     The  Corporation  may terminate this Agreement by giving the Consultant
written  notice;  except  in the event that the Consultant may be engaged in the
provision  of Services which the Corporation has called for, in which event, the
notice  shall  be  not  less than 30 days.  In lieu of such written notice of 30
days,  the  Corporation shall pay the Consultant a fee equivalent to the said 30
days  of  consulting  as  the  terms  shall  have  been  negotiated.

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4.02     The  Consultant  may terminate this agreement at any time by giving the
Corporation  written  notice.  The  obligations  of  the  Consultant  under this
Agreement  shall  terminate  upon  the  earlier  of the Consultant ceasing to be
retained  by  the  Corporation  or  the  termination  of  this  Agreement by the
Corporation  or  the  Consultant.

                              ARTICLE 5 - CAPACITY

5.01     It  is  acknowledged by the parties hereto that the Consultant shall be
engaged  by  the  Corporation,  at  the call of a corporation in the capacity of
independent  contractor  only  and  not  as  an  employee  of  the  Corporation.
Furthermore,  the Consultant and the Corporation acknowledge and agree that this
Agreement  does  not  create  a  partnership  or  joint  venture  between  them.

                     ARTICLE 6 - GENERAL CONTRACT PROVISIONS

6.01     All  notices,  requests,  demands or other communications (collectively
"Notices")  by  the terms thereof required or permitted to be given by one party
to any other party, or to any other person shall be given in writing by personal
delivery or by registered mail, postage prepaid, or by facsimile transmission to
such  other  party  as  follows:
     (a)  to  the  Corporation  at:
          CALIOPE  NETWORKS  (CANADA)  INC.
          301-16  40  Oak  Bay  Avenue
          Victoria,  B.C.,
          V8R  1B2
          Attention:  J.  Michael  Hutchison,  QC

     (b)  to  the  Consultant  at:
          ELAINE  MCDERMID,
          915  -  133  B  Street,  Surrey,  B.C.
          V4A  7S7

or  at  such  other  address as may be given by such person to the other parties
hereto  in  writing  from  time  to  time.

6.02     All  such  Notices  shall  be deemed to been received when delivered or
transmitted,  or,  if mailed, 48 hours after 12:01 a.m. on the day following the
day of the mailing thereof.  If any Notice shall have been mailed and if regular
mail  service  shall  be  interrupted  by  strikes or other irregularities, such
Notice  shall  be  deemed  to been received 48 hours after 12:01 a.m. on the day
following the resumption of normal mail service, provided that during the period
that  regular  mail  service  shall be interrupted all Notices shall be given by
personal  delivery  or  by  facsimile  transmission.

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6.03     The  parties  shall  sign  such further and other documents, cause such
meetings  to be held, resolutions passed and bylaws enacted, exercise their vote
and  influence,  do  and perform and cause to be done and performed such further
and other acts and things as may be necessary or desirable in order to give full
effect  to  this  Agreement  and  every  part  thereof.

6.04     Time shall be of the essence of this Agreement and of every part hereof
and  no  extension  or  variation of this Agreement shall operate as a waiver of
this  provision.

6.05     This  Agreement  constitutes  the  entire agreement between the parties
with  respect  to  all the matters herein and its execution has not been induced
by,  nor  do  any  of  the  parties  rely  upon  or  regard  as  material,  any
representations  or  writings  whatever  not incorporated herein and made a part
hereof  and  it  may not be amended or modified in any respect except by written
instrument  signed  by  the  parties  hereto.

6.06     This  Agreement  shall  enure to the benefit of and be binding upon the
parties  and  their respective legal personal representatives, heirs, executors,
administrators  or  successors,  as  the  case  may  be.

6.07     This Agreement is personal to the Consultant and may not be assigned by
the  Consultant.

6.08     Unless  otherwise provided for herein, all monetary amounts referred to
herein  shall  refer  to  the  lawful  money  of  Canada.

6.09     This  Agreement  shall  be governed by and construed in accordance with
the  laws  of  the  Province  of British Columbia and the federal laws of Canada
applicable  therein and each of the parties hereto agrees irrevocably to conform
to  the  non-exclusive  jurisdiction  of  the  Courts  of  such  province.

6.10     If any Article, Section or any portion of any Section of this Agreement
is  determined  to  be  unenforceable  or invalid for any reason whatsoever that
unenforceability  or  invalidity shall not affect the enforceability or validity
of  the  remaining  portions of this Agreement and such unenforceable or invalid
Article, Section or portions thereof shall be severed from the remainder of this
Agreement.

6.11     The  Parties  hereto  agree  that  this Agreement may be transmitted by
facsimile  or  such  similar  device  and that the reproduction of signatures by
facsimile  or such similar device will be treated as binding as if originals and
each party hereto undertakes to provide each and every other party hereto with a
copy  of  the  Agreement  bearing  original  signatures  forthwith  upon demand.

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IN  WITNESS  WHEREOF  the  parties  hereto  have  duly  executed this Consulting
Agreement  effective  the  30th  day  of  September  2004.

SIGNED  and  DELIVERED  by  the  )
Authorized  Signatory  of        )
CALIOPE  NETWORKS                )
(CANADA)  INC.  in  the          )     CALIOPE  NETWORKS  (CANADA)  INC.
presence  of:                    )
                                 )
                                 )
-------------------------        )     -----------------------------------
Witness                          )     Authorized  Signatory

SIGNED  and  DELIVERED  by       )
ELAINE  MCDERMID                 )
in  the  presence  of:           )
                                 )
                                 )
-------------------------        )     -----------------------------------
Witness                          )     Elaine  McDermid

                                        6
<PAGE>

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