Document:

Exhibit 4.6

FOURTH
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
March 15, 2007, among the Subsidiaries of the Company (as defined below) listed
on Schedule II hereto (the “Guaranteeing Subsidiaries”), Asbury
Automotive Group, Inc., a Delaware corporation (the “Company”), the
other Guarantors (as defined in the Indenture referred to herein) and The Bank
of New York, as trustee under the indenture referred to below (the “Trustee”).

W I T N E S S E T H

WHEREAS, the
Company has heretofore executed and delivered to the Trustee an indenture,
dated as of December 23, 2003 (as amended, supplemented and otherwise modified
by the First Supplemental Indenture dated as of January 21, 2004, by the Second
Supplemental Indenture dated as of December 7, 2004 and by the Third
Supplemental Indenture dated as of September 30, 2005, the “Indenture”),
providing for the issuance of 8% Senior Subordinated Notes due 2014 (the “Notes”);

WHEREAS, the
Indenture provides that under certain circumstances the Guaranteeing
Subsidiaries shall execute and deliver to the Trustee a supplemental indenture
pursuant to which each Guaranteeing Subsidiary shall unconditionally guarantee
all of the Company’s Obligations under the Notes and the Indenture on the terms
and conditions set forth herein (the “Subsidiary Guarantee”); and

WHEREAS, pursuant
to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Company, the
Guaranteeing Subsidiaries, the other Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

1.                                       CAPITALIZED
TERMS. Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture.

2.                                       AGREEMENT
TO GUARANTEE. Each Guaranteeing Subsidiary hereby agrees as follows:

(a)                                  Along
with all Guarantors named in the Indenture, to jointly and severally Guarantee
to each Holder of a Note authenticated and delivered by the Trustee and to the
Trustee and its successors and assigns, the Notes or the obligations of the
Company hereunder or thereunder, that:

(i)                                     the
principal of and interest on the Notes will be promptly paid in full when due,
whether at maturity, by acceleration, redemption or otherwise, and interest on
the overdue principal of and 

interest on the Notes, if any, if lawful, and all
other obligations of the Company to the Holders or the Trustee hereunder or
thereunder will be promptly paid in full or performed, all in accordance with
the terms hereof and thereof; and

(ii)                                  in
case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at
stated maturity, by acceleration or otherwise. Failing payment when due of any
amount so guaranteed or any performance so guaranteed for whatever reason, the
Guarantors shall be jointly and severally obligated to pay the same
immediately.

(b)                                 The
obligations hereunder shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes or the Indenture, the absence of any
action to enforce the same, any waiver or consent by any Holder of the Notes
with respect to any provisions hereof or thereof, the recovery of any judgment
against the Company, any action to enforce the same or any other circumstance
which might otherwise constitute a legal or equitable discharge or defense of a
guarantor.

(c)                                  The
following is hereby waived: diligence, presentment, demand of payment, filing
of claims with a court in the event of insolvency or bankruptcy of the Company,
any right to require a proceeding first against the Company, protest, notice
and all demands whatsoever.

(d)                                 This
Subsidiary Guarantee shall not be discharged except by complete performance of
the obligations contained in the Notes and the Indenture, and such Guaranteeing
Subsidiary accepts all obligations of a Guarantor under the Indenture.

(e)                                  If
any Holder or the Trustee is required by any court or otherwise to return to
the Company, the Guarantors, or any Custodian, Trustee, liquidator or other
similar official acting in relation to either the Company or the Guarantors,
any amount paid by either to the Trustee or such Holder, this Subsidiary
Guarantee, to the extent theretofore discharged, shall be reinstated in full
force and effect.

(f)                                    Such
Guaranteeing Subsidiary shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until
payment in full of all obligations guaranteed hereby.

(g)                                 As
between the Guarantors, on the one hand, and the Holders and the Trustee, on
the other hand, (x) the maturity of the obligations guaranteed hereby may be
accelerated as provided in Article 6 of the Indenture for the purposes of this
Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby,
and (y) in the event of any declaration of acceleration of such obligations as
provided in Article 6 of the Indenture, such obligations (whether or 

 2
 

not due and payable) shall forthwith become due and
payable by the Guarantors for the purpose of this Subsidiary Guarantee.

(h)                                 The
Guarantors shall have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of
the Holders under the Guarantee.

(i)                                     Pursuant
to Section 11.03 of the Indenture, after giving effect to any maximum amount
and any other contingent and fixed liabilities that are relevant under any
applicable Bankruptcy or fraudulent conveyance laws, and after giving effect to
any collections from, rights to receive contribution from or payments made by
or on behalf of any other Guarantor in respect of the obligations of such other
Guarantor under Article 11 of the Indenture, this new Subsidiary Guarantee
shall be limited to the maximum amount permissible such that the obligations of
such Guarantor under this Subsidiary Guarantee will not constitute a fraudulent
transfer or conveyance.

3.                                       EXECUTION
AND DELIVERY. Each Guaranteeing Subsidiary agrees that the Subsidiary
Guarantees shall remain in full force and effect notwithstanding any failure to
endorse on each Note a notation of such Subsidiary Guarantee.

4.                                       GUARANTEEING
SUBSIDIARIES MAY CONSOLIDATE, ETC. ON CERTAIN TERMS.

(a)                                  No
Guaranteeing Subsidiary may sell or otherwise dispose of all or substantially
all of its assets to or consolidate with or merge with or into (whether or not
such Guarantor is the surviving Person) another corporation, Person or entity
whether or not affiliated with such Guarantor unless:

either

(i)

(A)                              the
Person acquiring the property in any such sale or disposition or the Person
formed by or surviving any such consolidation or merger, if other than such
Guarantor, assumes all the obligations of that Guarantor under the Indenture,
its Guarantee and, if the Exchange Offer has not been consummated or Special
Interest remains due and owing, under the Registration Rights Agreement
pursuant to a supplemental indenture in form and substance reasonably satisfactory
to the Trustee and completes all other required documentation; or

(B)                                the
Net Proceeds, if any, of such sale or other disposition are applied in
accordance with the provisions of described in the third paragraph of
Section 4.10 of this Indenture; and

(ii)                                  immediately
after giving effect to such transaction, no Default exists.

 3
 

(b)                                 In
case of any such consolidation, merger, sale or conveyance and upon the
assumption by the successor corporation, by supplemental indenture, executed
and delivered to the Trustee and satisfactory in form to the Trustee, of the
Subsidiary Guarantee endorsed upon the Notes and the due and punctual
performance of all of the covenants and conditions of the Indenture to be
performed by the Guarantor, such successor corporation shall succeed to and be
substituted for the Guarantor with the same effect as if it had been named
herein as a Guarantor. Such successor corporation thereupon may cause to be
signed any or all of the Subsidiary Guarantees to be endorsed upon all of the
Notes issuable hereunder which theretofore shall not have been signed by the
Company and delivered to the Trustee. All the Subsidiary Guarantees so issued
shall in all respects have the same legal rank and benefit under the Indenture
as the Subsidiary Guarantees theretofore and thereafter issued in accordance
with the terms of the Indenture as though all of such Subsidiary Guarantees had
been issued at the date of the execution hereof.

(c)                                  Except
as set forth in Articles 4 and 5 and Section 11.05 of Article 11 of the
Indenture, and notwithstanding clauses (a) and (b) above, nothing contained in
the Indenture or in any of the Notes shall prevent any consolidation or merger
of a Guarantor with or into the Company or another Guarantor, or shall prevent
any sale or conveyance of the property of a Guarantor as an entirety or
substantially as an entirety to the Company or another Guarantor.

5.                                       RELEASES.

(a)                                  In
the event of a sale or other disposition of all of the assets of any Guarantor,
by way of merger, consolidation or otherwise, or a sale or other disposition of
all to the capital stock of any Guarantor, in each case to a Person that is not
(either before or after giving effect to such transaction) a Restricted
Subsidiary of the Company, then such Guarantor (in the event of a sale or other
disposition, by way of merger, consolidation or otherwise, of all of the
capital stock of such Guarantor) or the corporation acquiring the property (in
the event of a sale or other disposition of all or substantially all of the assets
of such Guarantor) will be released and relieved of any obligations under its
Subsidiary Guarantee; provided that the Net Proceeds, if any, of such sale or
other disposition are applied in accordance with the applicable provisions of
the Indenture, including without limitation Section 4.10 of the Indenture.
Upon delivery by the Company to the Trustee of an Officers’ Certificate and an
Opinion of Counsel to the effect that such sale or other disposition was made
by the Company in accordance with the provisions of the Indenture, including
without limitation Section 4.10 of the Indenture, the Trustee shall
execute any documents reasonably required in order to evidence the release of
any Guarantor from its obligations under its Note Guarantee.

(b)                                 Any
Guarantor not released from its obligations under its Subsidiary Guarantee
shall remain liable for the full amount of principal of and interest on the
Notes and for the other obligations of any Guarantor under the Indenture as
provided in Article 11 of the Indenture.

 4
 

6.                                       NO
RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as
such, shall have any liability for any obligations of the Company or any
Guaranteeing Subsidiary under the Notes, any Subsidiary Guarantees, the
Indenture or this Supplemental Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder of the
Notes by accepting a Note waives and releases all such liability. The waiver
and release are part of the consideration for issuance of the Notes. Such
waiver may not be effective to waive liabilities under the federal securities
laws and it is the view of the SEC that such a waiver is against public policy.

7.                                       INDENTURE.  Except as expressly amended hereby, the
Indenture shall continue in full force and effect in accordance with the
provisions thereof as in existence on the date hereof.  This Supplemental Indenture shall form a part
of the Indenture for all purposes, and every Holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby.

8.                                       NEW
YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND
BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

9.                                       COUNTERPARTS.
The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same
agreement.

10.                                 EFFECT
OF HEADINGS. The Section headings herein are for convenience only and shall not
affect the construction hereof.

11.                                 THE
TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for
or in respect of the recitals contained herein, all of which recitals are made
solely by the Guarantors and the Company.

 5
 

IN WITNESS
WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first above written.

	
  

  	
  SIGNATURES

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ASBURY AUTOMOTIVE GROUP, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Name: J. Gordon
  Smith 

  
	
   

  	
   

  	
  Title: Senior
  Vice President & CFO

  
	
   

  	
   

  	
   

  
	
   

  	
  EACH GUARANTOR
  LISTED ON SCHEDULE I

  HERETO

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Name: J. Gordon
  Smith

  
	
   

  	
   

  	
  Title: Vice
  President of each Limited

  Liability Company or Corporation,

  or the General Partner of each

  Limited Partnership listed on the

  attached Schedules

  
	
   

  	
   

  	
   

  
	
   

  	
  EACH GUARANTEEING
  SUBSIDIARY LISTED ON

  SCHEDULE  II HERETO

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
   Name: J.
  Gordon Smith

  
	
   

  	
   

  	
   Title:
  Vice President of each Limited

  Liability Company or Corporation,

  or the General Partner of each

  Limited Partnership listed on the

  attached Schedules

  
	
   

  	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Carlos R. Luciano

  	
   

  
	
   

  	
   

  	
  Name: Carlos R.
  Luciano 

  
	
   

  	
   

  	
  Title: Vice
  President

  

 

 6

Schedule I

SCHEDULE
OF GUARANTORS

The following schedule
lists each Guarantor as of September 30, 2005, the date of the Second Supplemental
Indenture, omitting certain entities that were dissolved, sold or that were
divested of all or substantially all assets, after that date:

Asbury Automotive Group
Holdings, Inc.

Asbury Automotive Group
L.L.C.

Asbury Automotive
Management L.L.C.

Asbury Automotive
Financial Services, Inc.

Asbury Automotive
Arkansas L.L.C.

Asbury Automotive
Arkansas Dealership Holdings L.L.C.

NP FLM L.L.C.

NP VKW L.L.C.

Premier NSN L.L.C.

NP MZD L.L.C.

Prestige Bay L.L.C.

Premier PON L.L.C.

Escude NN L.L.C.

Escude M L.L.C.

Escude NS L.L.C.

Escude MO L.L.C.

Asbury MS Metro L.L.C.

Asbury MS Gray-Daniels
L.L.C.

Asbury Automotive Atlanta
LLC

Asbury Atlanta HON LLC

Asbury Atlanta Chevrolet
LLC

Asbury Atlanta AC LLC

Atlanta Real Estate
Holdings LLC

Asbury Atlanta Jaguar
L.L.C.

Spectrum Insurance
Services L.L.C.

Asbury Atlanta AU L.L.C.

Asbury Atlanta Infiniti
L.L.C.

Asbury Automotive
Jacksonville GP, L.L.C.

Asbury Automotive
Jacksonville, L.P.

Asbury Jax Holdings, L.P.

Asbury Jax Management
L.L.C.

Coggin Automotive Corp

CP-GMC Motors Ltd

CH Motors Ltd

CN Motors Ltd

CFP Motors Ltd

Avenues Motors Ltd

CHO Partnership Ltd

ANL, L.P.

 I-1
 

Bayway Financial Services,
L.P.

Coggin Management, L.P.

C&O Properties Ltd

Asbury Automotive Central
Florida, L.L.C.

CK Chevrolet L.L.C.

CK Motors, L.L.C.

Asbury Automotive Deland,
L.L.C.

AF Motors, L.L.C.

ALM Motors, L.L.C.

Asbury Deland Imports 2
LLC

Asbury-Deland Imports LLC

Coggin Chevrolet L.L.C.

CSA Imports L.L.C.

KP Motors L.L.C.

HFP Motors L.L.C.

Asbury Automotive
Mississippi L.L.C.

Crown GPG L.L.C.

Crown GBM L.L.C.

Crown GAU L.L.C.

Crown GKI L.L.C.

Crown GMI L.L.C.

Crown GDO L.L.C.

Crown GNI L.L.C.

Crown GHO L.L.C.

Crown GAC L.L.C.

Crown CHH L.L.C.

Crown CHV L.L.C.

Crown RIA L.L.C.

Crown RIB L.L.C.

Crown Motorcar Company
L.L.C.

Crown GVO L.L.C.

Crown FFO L.L.C.

Asbury Automotive North
Carolina L.L.C.

Asbury Automotive
North Carolina Management L.L.C.

Asbury Automotive North
Carolina Real Estate Holdings L.L.C.

Asbury Automotive
North Carolina Dealership Holdings L.L.C.

Crown Raleigh L.L.C.

Crown Fordham L.L.C.

Camco Finance L.L.C.

Camco Finance II L.L.C.

Crown FFO Holdings L.L.C.

Crown FDO L.L.C.

Crown Acura/Nissan L.L.C.

 I-2
 

Crown Battleground, LLC

Crown Dodge, LLC

Crown Honda, LLC

Crown Honda-Volvo, LLC

Crown Mitsubishi, LLC

Crown Royal Pontiac, LLC

RER Properties, LLC

RWIJ Properties, LLC

Thomason FRD LLC

Thomason HON LLC

Thomason NISS LLC

Thomason HUND LLC

Thomason MAZ LLC

Thomason ZUK LLC

Thomason DAM LLC

Damerow Ford Co.

Asbury Automotive Oregon
LLC

Asbury Automotive Oregon
Management LLC

Thomason Auto Credit
Northwest, Inc.

Thomason Outfitters
L.L.C.

Thomason SUZU L.L.C.

Asbury Automotive St.
Louis L.L.C.

Asbury St. Louis Cadillac
L.L.C.

Asbury St. Louis Gen
L.L.C.

Asbury Automotive Tampa
GP L.L.C.

Asbury Automotive Tampa,
L.P.

Asbury Tampa Management
L.L.C.

Tampa Hund L.P.

Tampa KIA L.P.

Tampa Mit L.P.

Tampa Suzu L.P.

WMZ Motors L.P.

WMZ Brandon Motors L.P.

Asbury Automotive Brandon
L.P.

Precision Enterprises
Tampa, Inc.

Precision Nissan, Inc.

Precision Computer
Services, Inc.

Precision Motorcars, Inc.

Precision Infiniti, Inc.

Dealer Profit Systems
L.L.C.

McDavid Plano - Acra LP

McDavid Houston - Kia LP

McDavid Austin - Acra LP

McDavid Irving - Hon LP

McDavid Irving - PB&G
LP

 I-3
 

McDavid Houston - Niss LP

Plano Lincoln-Mercury,
Inc

McDavid Irving-Zuk, LP

Asbury Texas Management,
LLC

McDavid Grande, LP

McDavid Outfitters, LP

McDavid Auction, L.P.

Asbury Automotive Texas,
LLC

Asbury Automotive Texas
Holdings, LLC

Asbury Automotive Texas
Real Estate Holdings, LP (formerly “McDavid Communications, LP”)

McDavid Frisco-Hon, L.P.

Crown GCA L.L.C.

Crown GCH L.L.C.

Crown CHO L.L.C.

Asbury Automotive Fresno L.L.C.

Asbury Fresno Imports
L.L.C.

Asbury MS Yazoo L.L.C.

Asbury Atlanta VL L.L.C.

Asbury Atlanta BM L.L.C.

Asbury Automotive Southern California L.L.C.

Crown SNI L.L.C.

Crown SJC L.L.C.

Asbury Arkansas Hund L.L.C.

BFP Motors L.L.C.

Asbury So Cal Hon L.L.C.

Asbury So Cal DC L.L.C.

Asbury Sacramento Imports L.L.C.

Asbury So Cal Niss L.L.C.

Asbury No Cal Niss L.L.C.

Spirit Automotive Group L.L.C.

McDavid Houston-Hon, L.P.

Asbury MS Chev L.L.C.

Asbury Automotive South L.L.C.

Asbury Automotive Florida L.L.C.

Asbury Automotive West L.L.C.

Asbury AR Niss L.L.C.

Asbury Jax PB Chev L.L.C.

Asbury Jax K L.L.C.

 I-4

Schedule II

SCHEDULE OF GUARANTEEING SUBSIDIARIES

The following
schedule lists each Guaranteeing Subsidiary becoming a Guarantor under the
Indenture pursuant to the Supplemental Indenture to which this Schedule II
is attached:

Asbury Jax AC, L.L.C.

Asbury MS Wimber LLC

Tampa LM, LP

Thomason Pontiac-GMC LLC

Asbury Atlanta LEX, LLC

Asbury St. Louis Lex L.L.C.

Coggin Cars L.L.C.

Escude T L.L.C.

Prestige TOY L.L.C.

Thomason TY LLC

WTY Motors L.P.

 II-1

Schedule III

 III-1Exhibit 10.1

EXECUTION COPY

Asbury
Automotive Group, Inc.

3.00%
Senior Subordinated Convertible Notes due 2012

Unconditionally
Guaranteed as to the

Payment of Principal, Premium,

if any, and Interest by the

Subsidiary Guarantors

Registration
Rights Agreement

March 16, 2007

Goldman, Sachs
& Co.,

Deutsche Bank Securities Inc.
   As representatives of the several
Purchasers
   named in Schedule I to the Purchase
Agreement

c/o Goldman, Sachs & Co.

85 Broad Street

New York, New York 10004

Ladies and Gentlemen:

Asbury
Automotive Group, Inc., a Delaware corporation (the “Company”), proposes to
issue and sell to the Purchasers (as defined herein) upon the terms set forth
in the Purchase Agreement (as defined herein) its 3.00% Senior Subordinated
Convertible Notes due 2012, which are unconditionally guaranteed by the
Subsidiary Guarantors (as defined herein). 
As an inducement to the Purchasers to enter into the Purchase Agreement
and in satisfaction of a condition to the obligations of the Purchasers
thereunder, the Company and the Subsidiary Guarantors, jointly and severally,
agree with the Purchasers for the benefit of Holders (as defined herein) from
time to time of the Registrable Securities (as defined herein) as follows:

1.             Definitions.

(a)           Capitalized terms used herein without
definition shall have the meanings ascribed to them in the Purchase
Agreement.  As used in this Agreement,
the following defined terms shall have the following meanings:

“Affiliate”
of any specified person means any other person which, directly or indirectly,
is in control of, is con­trolled by, or is under common control with such
specified person.  For 

purposes
of this definition, control of a person means the power, direct or indirect, to
direct or cause the direction of the management and policies of such person
whether by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

“Agreement”
means this Registration Rights Agreement.

“Closing Date”
means the First Time of Delivery as defined in the Purchase Agreement.

“Commission”
means the United States Securities and Exchange Commission, or any other
federal agency at the time administering the Exchange Act or the Securities
Act, whichever is the relevant statute for the particular purpose.

“Common Stock”
means the Company’s common stock, par value $.01 per share together with any
associated preferred share purchase rights.

“DTC” means
The Depository Trust Company.

“Effective Date”
has the meaning assigned thereto in Section 2(b)(i) hereof.

“Effective Failure”
has the meaning assigned thereto in Section 7(b) hereof.

“Effectiveness Period”
has the meaning assigned thereto in Section 2(b)(i) hereof.

“Effective Time” means
the time at which the Commission declares the Shelf Registration Statement
effec­tive or at which the Shelf Registration Statement otherwise becomes
effective (or, if previously effective, designated).

“Electing Holder”
has the meaning assigned thereto in Section 3(a)(iii) hereof.

“Exchange Act”
means the United States Securities Exchange Act of 1934, as amended.

“Holder”
means any person that is the record owner of Registrable Securities (and
includes any person that has a beneficial interest in any Registrable Security
in book-entry form).

“Indenture” means
the Indenture, dated as of March 16, 2007, between the Company, the Subsidiary
Guarantors and The Bank of New York, as trustee, relating to the Securities, as
amended and supplemented from time to time in accordance with its terms.

“Managing Underwriters” means
the investment banker or investment bankers and manager or managers that shall
administer an underwritten offering, if any, conducted pursuant to Section 6
hereof.

“NASD Rules”
means the Rules of the National Association of Securities Dealers, Inc., as
amended from time to time.

 2
 

“Notice and Questionnaire”
means a Notice of Registration Statement and Selling Securityholder
Questionnaire substantially in the form of Appendix A hereto.

The
term “person” means an individual,
partnership, corporation, trust or unincorporated organization, or a government
or agency or political subdivision thereof.

“Prospectus”
means the prospectus (including, without limitation, any preliminary
prospectus, any final prospectus and any prospectus that discloses information
previously omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A or Rule 430B under the
Securities Act) included in the Shelf Registration Statement, as amended or
supplemented by any prospectus supplement with respect to the terms of the
offering of any portion of the Registrable Securities covered by the Shelf
Registration Statement and by all other amendments and supplements to such
prospectus, including all material incorporated by reference in such prospectus
and all documents filed after the date of such prospectus by the Company and
the Subsidiary Guarantors under the Exchange Act and incorporated by reference
therein.

“Purchase Agreement”
means the Purchase Agreement, dated March 12, 2007, among the Purchasers, the
Company and the Subsidiary Guarantors relating to the Securities.

“Purchasers” means
the Purchasers named in Schedule I to the Purchase Agreement.

“Registrable Securities”
means all or any portion of the Securities issued from time to time under the
Indenture in registered form and the shares of Common Stock issuable upon
conversion, repurchase or redemption of such Securities; provided,
however, that a security ceases to be a
Registrable Security when it is no longer a Restricted Security.

“Registration Default”
has the meaning assigned thereto in Section 7(a) hereof.

“Restricted Security”
means any Security or share of Common Stock issuable upon conversion thereof
except any such Security or share of Common Stock that (i) has been
effectively registered under the Securities Act and sold in a manner
contemplated by the Shelf Registration Statement, (ii) has been
transferred in compliance with Rule 144 under the Securities Act (or any
successor provision thereto) or is transferable pursuant to paragraph (k)
of such Rule 144 (or any successor provision thereto) or (iii) has
otherwise been transferred and a new Security or share of Common Stock not
subject to transfer restrictions under the Securities Act has been delivered by
or on behalf of the Company in accordance with the Indenture.

“Rules and Regulations”
means the published rules and regulations of the Commission promulgated under
the Securities Act or the Exchange Act, as in effect at any relevant time.

“Securities”
mean, collectively, the 3.00% Senior Subordinated Convertible Notes due 2012 of
the Company to be issued and sold to the Purchasers, and securities issued in
exchange therefor or in lieu thereof pursuant to the Indenture.  Each Security is entitled to the benefit of
each guarantee provided for in the Indenture (the “Subsidiary
Guarantees”) and, 

 3
 

unless
the context otherwise requires, any reference herein to a “Security” or a “Registrable
Security” shall include a reference to the related Subsidiary Guarantees.

“Securities Act”
means the United States Securities Act of 1933, as amended.

“Shelf Registration”
means a registration effected pursuant to Section 2 hereof.

“Shelf Registration Statement”
means a “shelf” registration statement filed or designated under the Securities
Act providing for the registration of, and the sale on a continuous or delayed
basis by the Holders of, all of the Registrable Securities pursuant to Rule 415
or Rule 430B under the Securities Act and/or any similar rule that may be
adopted by the Commission, filed or designated by the Company and the
Subsidiary Guarantors pursuant to the provisions of Section 2 of this
Agreement, including the Prospectus contained therein, any amendments and
supplements to such registration statement, including post-effective amendments,
and all exhibits and all material incorporated by reference in such
registration statement, and including all information deemed to be a part
thereof pursuant to Rule 430A, Rule 430B or Rule 430C.

“Special Interest”
has the meaning assigned thereto in Section 7(a) hereof.

“Subsidiary Guarantors”
has the meaning assigned thereto in the Indenture.

“Suspension Period”
has the meaning assigned thereto in Section 2(c) hereof.

“Trust Indenture Act”
means the Trust Indenture Act of 1939, or any successor thereto, and the rules,
regulations and forms promulgated thereunder, as the same shall be amended from
time to time.

The
term “underwriter” means any underwriter of
Registrable Securities in connection with an offering thereof under a Shelf
Registration Statement.

(b)           Wherever there is a reference in this
Agreement to a percentage of the “principal amount” of Registrable Securities
or to a percentage of Registrable Securities, Common Stock shall be treated as
representing the principal amount of Securities that was surrendered for
conversion or exchange in order to receive such number of shares of Common
Stock.

2.             Shelf Registration.

(a)           The Company and the Subsidiary
Guarantors shall use their reasonable best efforts to file with the Commission,
or otherwise designate an existing Shelf Registration Statement filed with the
Commission, no later than 120 calendar days following the Closing Date, 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 such Holders and set forth in such Shelf Registration
Statement and, there­after, the Company and the Subsidiary Guarantors, jointly
and severally, agree to use its reasonable best efforts to cause such Shelf
Registration Statement to be declared effective (or, if previously effective,
designated) under the Securities Act no later than 180 calendar days following
the Closing Date;  

 4
 

provided,
however, that the Company and the
Subsidiary Guarantors may, upon written notice to all Holders, postpone having
the Shelf Registration Statement declared effective (or, if previously
effective, designated) for a reasonable period not to exceed 90 days if the
Company or any of the Subsidiary Guarantors possesses material non-public
information, the disclosure of which would have a material adverse effect on
the Company and its subsidiaries taken as a whole; provided,
further, however,
that no Holder shall be entitled to be named as a selling securityholder in the
Shelf Registration Statement or to use the Prospectus forming a part thereof
for resales of Registrable Securities unless such Holder is an Electing Holder
who agrees to be bound by all of the provisions of this Agreement applicable to
such Holder.

(b)           The Company and the Subsidiary
Guarantors shall use their reasonable best efforts:

(i)            to keep the Shelf Registration
Statement con­tinuously effective under the Securities Act in order to permit
the Prospectus forming a part thereof to be usable by Holders until the
earliest of (1) the sale of all outstanding Registrable Securities registered
under the Shelf Registration Statement; (2) the expiration of the period
referred to in Rule 144(k) of the Securities with respect to all Registrable
Securities held by Persons that are not Affiliates of the Company; and (3) two
years from the date (the “Effective Date”) such Shelf Registration Statement is
declared effective (or, if previously effective, designated) (such period being
referred to herein as the “Effectiveness Period”);

(ii)           after the Effective Time of the Shelf
Registration Statement, promptly upon the request of any Holder of Registrable
Securities that is not then an Electing Holder, to take any action reasonably
necessary to enable such Holder to use the Prospectus forming a part thereof
for resales of Registrable Securities, including, without limitation, any
action necessary to identify such Holder as a selling securityholder in the
Shelf Registration Statement; provided, however,
that nothing in this subparagraph shall relieve such Holder of the obligation
to return a completed and signed Notice and Questionnaire to the Company in
accordance with Section 3(a)(ii) hereof; and

(iii)          if at any time the Securities,
pursuant to the Indenture, are convertible into securities other than Common
Stock, to cause, or to cause any successor under the Indenture to cause, such
securities to be included in the Shelf Registration Statement (or a new Shelf
Registration Statement) no later than the date on which the Securities may then
be convertible into such securities.

The
Company and the Subsidiary Guarantors shall be deemed not to have used their
reasonable best efforts to keep the Shelf Registration Statement effective
during the requisite period if the Company or any of the Subsidiary Guarantors
voluntarily takes any action that would result in Holders of Registrable
Securities covered thereby not being able to offer and sell any of such
Registrable Securities during that period, unless such action is (A) required
by applicable law and the Company and the Subsidiary Guarantors there­after
promptly comply with the requirements of paragraph 3(j) below or (B) permitted
pursuant to Section 2(c) below.

 5
 

(c)           The Company and the Subsidiary
Guarantors may suspend the use of the Prospectus for a period (a “Suspension
Period”) not to exceed 30 days in any 90-day period or an aggregate of 90 days
in any 12-month period if the Board of Directors of the Company shall have
determined in good faith that because of valid business reasons (not including
avoidance of the Company’s and the Subsidiary Guarantors’ obligations
hereunder), including the acquisition or divestiture of assets, pending
corporate developments and similar events, it is in the best interests of the
Company and the Subsidiary Guarantors to suspend such use, and prior to
suspending such use the Company and the Subsidiary Guarantors provide the
Holders with written notice of such suspension, which notice need not specify
the nature of the event giving rise to such suspension.

3.             Registration Procedures.  In connection with the Shelf Registration
Statement, the following provisions shall apply:

(a)
(i)       Not less than 30 calendar days
prior to the Effective Time of the Shelf Registration Statement, the Company
shall mail the Notice and Questionnaire to the Holders of Registrable
Securities.  No Holder shall be entitled
to be named as a selling securityholder in the Shelf Registration Statement as
of the Effective Time, and no Holder shall be entitled to use the Prospectus forming
a part thereof for resales of Registrable Securities at any time, in each case
unless such Holder has returned a completed and signed Notice and Questionnaire
to the Company by the deadline for response set forth therein; provided, however, Holders of Registrable Securities shall
have at least 28 calendar days from the date on which the Notice and
Questionnaire is first mailed to such Holders to return a completed and signed
Notice and Questionnaire to the Company.

(ii)           After the Effective Time of the Shelf
Registration Statement, the Company shall, upon the request of any Holder of
Registrable Securities that is not then an Electing Holder, promptly send a
Notice and Questionnaire to such Holder. 
The Company and the Subsidiary Guarantors shall not be required to take
any action to name such Holder as a selling securityholder in the Shelf
Registration Statement or to enable such Holder to use the Prospectus forming a
part thereof for resales of Registrable Securities until such Holder has
returned a completed and signed Notice and Questionnaire to the Company.

(iii)          The term “Electing Holder” shall mean
any Holder of Registrable Securities that has returned a completed and signed
Notice and Questionnaire to the Company in accordance with Section 3(a)(i) or
3(a)(ii) hereof.

(iv)          A Holder of Registrable Securities
that does not provide the Company with a completed and signed Notice and
Questionnaire or the information called for by it on or before the fifth
business day before the date the initial Shelf Registration becomes effective
or designated, as applicable, will not be named as a selling securityholder in
the Shelf Registration Statement when it becomes effective or designated, as
applicable, and will not be able to use the Shelf Registration Statement to
resell Registrable Securities.  However,
such a Holder of Registrable Securities may thereafter provide the 

 6
 

Company with a completed and signed
Notice and Questionnaire, following which the Company and the Subsidiary
Guarantors will, within 30 days after that date (except as described below),
file a supplement to the Prospectus relating to the Shelf Registration
Statement, or, if required, file a post-effective amendment or a new Shelf
Registration Statement in order to permit resales of such Holder’s Registrable
Securities.  However, if the Company
receives the completed and signed Notice and Questionnaire during a Suspension
Period, or if the Company initiates a Suspension Period within 30 days after
the Company receives the completed and signed Notice and Questionnaire, then
the Company and the Subsidiary Guarantors will, except as described below, make
the filing within 30 days after the end of the Suspension Period.  Notwithstanding anything herein to the contrary,
in no event will the Company and the Subsidiary Guarantors be required to file
more than one supplement to the Prospectus per 30-day period in order to name
as a selling securityholder any Holder that has provided the Company with a
completed and signed Notice and Questionnaire after the fifth business day
before the date the initial Shelf Registration becomes effective or designated,
as applicable.  If the Company and the
Subsidiary Guarantors files a post-effective amendment or a new Shelf Registration
Statement, then the Company and the Subsidiary Guarantors will use reasonable
best efforts to cause the post-effective amendment or new Shelf Registration
Statement to become effective under the Securities Act as promptly as
practicable, but in any event by the 90th day after this Agreement requires the
Company and the Subsidiary Guarantors to file the post-effective amendment or
new Registration Statement.  However, if
a post-effective amendment or a new Shelf Registration Statement is required in
order to permit resales by Holders seeking to include Registrable Securities in
the Shelf Registration statement after the effectiveness or designation of the
original Shelf Registration Statement, the Company and the Subsidiary
Guarantors will not be required to file more than one post-effective amendment
or new Registration Statement for such purpose in any 90-day period.

(b)           The Company shall furnish to each
Electing Holder, prior to the Effective Time, a copy of the Shelf Registration
Statement initially filed with the Commission, and shall furnish to such
Holders, prior to the filing thereof with the Commission, copies of each
amendment thereto and each amend­ment or supplement, if any, to the Prospectus
included therein, and shall use its reasonable best efforts to reflect in each
such docu­ment, at the Effective Time or when so filed with the Commis­sion, as
the case may be, such comments as such Holders and their respective counsel
reasonably may propose.

(c)           The Company and the Subsidiary
Guarantors shall promptly take such action as may be necessary so that (i) each
of the Shelf Registration Statement and any amendment thereto and the
Prospectus forming a part thereof and any amendment or supplement thereto (and
each report or other docu­ment incorporated therein by reference in each case) complies
in all material respects with the Securities Act and the Exchange Act and the
respective rules and regulations thereunder, (ii) each of the Shelf
Registration Statement and any amendment thereto does not, when it becomes
effective or is designated, as applicable, 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) each of the
Prospectus 

 7
 

forming
a part of the Shelf Registration Statement, and any amendment or supplement to
such Prospectus, does not at any time during the Effectiveness Period include
an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

(d)           The Company shall promptly
advise each Electing Holder, and shall confirm such advice in writing if
so requested by any such Electing Holder:

(i)            when a Shelf Registration Statement
and any amendment thereto has been filed with the Commission and when a Shelf
Registration State­ment or any post-effective amendment thereto has become
effective, in each case making a public announcement thereof by release made to
Reuters Economic Services and Bloomberg Business News;

(ii)           of any request by the Commission for
amendments or supplements to the Shelf Registra­tion Statement or the
Prospectus included therein or for additional information;

(iii)          after the receipt by the Company of
any notification with respect to the issuance by the Commission of any stop
order suspending the effectiveness of the Shelf Registration Statement or the
initiation of any proceedings for such purpose;

(iv)          of the receipt by the Company of any
notification with respect to the suspension of the qualification of the
securities included in the Shelf Registration Statement for sale in any
jurisdiction or the initi­a­tion of any proceeding for such purpose; and

(v)           of the occurrence of any event or the
existence of any state of facts that requires the making of any changes in the
Shelf Registra­tion Statement or the Prospectus included therein so that, as of
such date, such Shelf Registration Statement and Prospectus do not contain an
untrue statement of a material fact and do not omit to state a material fact
required to be stated therein or necessary to make the statements therein (in
the case of the Prospectus, in light of the circum­stances under which they
were made) not misleading (which advice shall be accompanied by an instruc­tion
to such Holders to suspend the use of the Prospectus until the requisite
changes have been made).

(e)           The Company and the Subsidiary
Guarantors shall use their reasonable best efforts to prevent the issuance, and
if issued to obtain the withdrawal at the earliest possible time, of any order
suspending the effectiveness of the Shelf Registration Statement.

(f)            The Company shall furnish to each
Electing Holder, with­out charge, at least one copy of the Shelf Registra­tion
Statement and all post-effective amendments thereto, including financial
statements and schedules, and, if such Electing Holder so requests in writing,
all 

 8
 

reports,
other documents and exhibits that are filed with or incorpor­ated by reference
in the Shelf Registration Statement.

(g)           The Company shall, during the
Effectiveness Period, deliver to each Electing Holder, without charge, as many
copies of the Prospectus (including each prelim­inary Prospectus) included in
the Shelf Registration Statement and any amendment or supplement thereto as
such Electing Holder may reasonably request; and the Company and the Subsidiary
Guarantors consent (except during a Suspension Period or during the continuance
of any event or the existence of any state of facts described in Section 3(d)(v)
above) to the use of the Prospec­tus and any amend­ment or supplement thereto
by each of the Electing Holders in connection with the offering and sale of the
Registrable Securities covered by the Prospectus and any amendment or supple­ment
thereto during the Effectiveness Period.

(h)           Prior to any offering of Registrable
Securities pursuant to the Shelf Registration Statement, the Company and the
Subsidiary Guarantors shall (i) register or qualify or cooperate with the
Electing Holders and their respective counsel in connection with the
registration or quali­fication of such Registrable Securities for offer and
sale under the securities or “blue sky” laws of such jurisdictions within the
United States as any Electing Holder may reasonably request, (ii) keep such
registrations or qualifications in effect and comply with such laws so as to
permit the continuance of offers and sales in such jurisdictions for so long as
may be necessary to enable any Electing Holder or underwriter, if any, to
complete its distribution of Registrable Securities pursuant to the Shelf
Registration Statement, and (iii) take any and all other actions necessary or
advisable to enable the disposition in such jurisdictions of such Registrable
Securities; provided, however,
that neither the Company nor the Subsidiary Guarantors shall be obligated to
(A) qualify as a foreign corporation or as a dealer in securities in any
jurisdiction where it would not otherwise be required to so qualify but for
this Sec­tion 3(h) or (B) file any general consent to service of process in any
jurisdiction where it is not as of the date hereof so subject.

(i)            Unless any Registrable Securities
shall be in book-entry only form, the Company and the Subsidiary Guarantors
shall cooperate with the Electing Holders to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold
pursuant to the Shelf Registration Statement, which certificates, if so
required by any securities exchange upon which any Registrable Securities are
listed, shall be penned, lithographed or engraved, or produced by any
combination of such methods, on steel engraved borders, and which certificates
shall be free of any restrictive legends and in such permitted denominations
and registered in such names as Electing Holders may request in connection with
the sale of Registrable Securities pursuant to the Shelf Registration
Statement.

(j)            Upon the occurrence of any event or
the existence of any state of facts contemplated by paragraph 3(d)(v) above,
the C­ompany and the Subsidiary Guarantors shall promptly prepare a
post-effective amend­ment to any Shelf Registration Statement or an amendment
or supplement to the related Prospectus or file any other required document so
that, as thereafter delivered to purchasers of the Registrable Securities
included therein, the Prospectus will not include an untrue statement of a
material fact or omit to state any material 

 9
 

fact
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading. 
If the Company notifies the Electing Holders of the occurrence of any
event or the existence of any state of facts contemplated by paragraph 3(d)(v)
above, the Electing Holder shall suspend the use of the Prospectus until the
requisite changes to the Prospectus have been made.

(k)           Not later than the Effective Time of
the Shelf Registration Statement, the Company shall provide a CUSIP number for
the Registrable Securi­ties that are debt securities.

(l)            The Company shall use its reasonable
best efforts to comply with all applicable Rules and Regulations, and to make
generally available to its secu­rityholders as soon as practicable, but in any
event not later than eighteen months after (i) the effective date (as defined
in Rule 158(c) under the Securities Act) of the Shelf Registration Statement
(or, if previously effective, the designation date), (ii) the effective
date of each post-effective amendment to the Shelf Regis­tration Statement, and
(iii) the date of each filing by the Company with the Commission of an Annual
Report on Form 10-K that is incor­porated by reference in the Shelf
Registration Statement, an earning statement of the Company and its sub­sid­iaries
complying with Section 11(a) of the Securities Act and the rules and
regulations of the Commission thereunder (including, at the option of the
Company, Rule 158).

(m)          Not later than the Effective Time of
the Shelf Registration Statement, the Company and the Subsidiary Guarantors
shall cause the Indenture to be qualified under the Trust Indenture Act; in
connection with such qualification, the Company and the Subsidiary Guarantors
shall cooperate with the Trustee under the Indenture and the Holders (as
defined in the Indenture) to effect such changes to the Indenture as may be
required for such Indenture to be so qualified in accordance with the terms of
the Trust Indenture Act; and the Company and the Subsidiary Guarantors shall
execute, and shall use all reasonable efforts to cause the Trustee to execute,
all documents that may be required to effect such changes and all other forms
and documents required to be filed with the Commission to enable such Indenture
to be so qualified in a timely manner. 
In the event that any such amendment or modification referred to in this
Section 3(m) involves the appointment of a new trustee under the
Indenture, the Company shall appoint a new trustee thereunder pursuant to the
applicable provisions of the Indenture.

(n)           In the event of an underwritten
offering conducted pursuant to Section 6 hereof, the Company and the Subsidiary
Guarantors shall, if requested, promptly include or incorporate in a Prospectus
supplement or post-effective amendment to the Shelf Registration Statement such
information as the Managing Underwriters reasonably agree should be included
therein and to which the Company and the Subsidiary Guarantors do not
reasonably object and shall make all required filings of such Prospectus
supplement or post-effective amendment as soon as practicable after it is noti­fied
of the matters to be included or incorporated in such Prospectus supplement or
post-effective amendment.

(o)           The Company and the Subsidiary
Guarantors shall enter into such customary agreements (including, if requested,
an underwriting agreement in customary form in the event 

 10
 

of
an underwritten offering conducted pursuant to Section 6 hereof) and take all
other appropriate action in order to expedite and facilitate the registration
and disposition of the Registrable Securities, and in connection therewith, if
an under­writing agreement is entered into, cause the same to contain
indemnification provisions and procedures substantially identical to those set
forth in Section 5 hereof with respect to all parties to be indemnified
pursuant to Section 5 hereof; provided that
the Company and the Subsidiary Guarantors shall not be required to enter into
any such agreement more than two times with respect to all the Registrable
Securities and may delay entering into such agreement until the consummation of
any underwritten public offering in which the Company shall have then engaged.

(p)           The Company shall:

(i)(A)  make reasonably available for inspection by
the Electing Holders, any underwriter participating in any disposition pursuant
to the Shelf Registration Statement, and any attorney, accountant or other
agent retained by such Electing Holders or any such underwriter all relevant
financial and other records, pertinent corporate documents and properties of
the Company and its subsidiaries, and (B) cause the Company’s and the
Subsidiary Guarantors’ officers, directors and employees to supply all
information reasonably requested by such Electing Holders or any such
underwriter, attorney, accountant or agent in connection with the Shelf
Registration Statement, in each case, as is customary for similar due diligence
exam­inations; provided, however,
that all records, information and documents that are designated in writing by
the Company, in good faith, as confidential shall be kept confi­dential by such
Electing Holders and any such underwriter, attorney, accountant or agent,
unless such disclosure is made in connection with a court proceeding or
required by law, or such records, information or documents become available to
the public generally or through a third party without an accompanying
obligation of confidentiality; and provided further
that, if the foregoing inspection and information gathering would otherwise
disrupt the Company’s or the Subsidiary Guarantors’ conduct of its business,
such inspection and information gathering shall, to the great­est extent
possible, be coordinated on behalf of the Electing Holders and the other
parties entitled thereto by one counsel designated by and on behalf of the
Electing Holders and other parties;

(ii)           in connection with any underwritten
offering conducted pursuant to Section 6 hereof, make such repre­sen­tations
and warranties to the Managing Underwriters, in form, substance and scope as
are customarily made by the Company to underwriters in secondary underwritten
offerings of equity and convertible debt securities and cov­ering matters
including, but not limited to, those set forth in the Purchase Agreement;

(iii)          in connection with any underwritten
offering conducted pursuant to Section 6 hereof, obtain opinions of counsel
to the Company (which counsel and opinions (in form, scope and substance) shall
be reasonably satisfactory to the Managing Underwriters) addressed to the
Managing Underwriters, covering such matters as are customarily covered in
opinions requested in secondary underwritten 

 11
 

offerings of equity and convertible debt
securities and such other matters as may be reasonably requested by such
Managing Underwriters;

(iv)          in connection with any underwritten
offering conducted pursuant to Section 6 hereof, obtain “cold comfort”
letters and updates thereof from the independent public accountants of the
Company (and, if necessary, from the independent pub­lic accountants of any
subsidiary of the Company or of any business acquired by the C­ompany for which
financial statements and finan­cial data are, or are required to be, included
in the Shelf Registration Statement), addressed to the underwriters, in
customary form and covering matters of the type customarily covered in “cold
comfort” letters in connection with secondary under­written offerings;

(v)           in connection with any underwritten
offering conducted pursuant to Section 6 hereof, deliver such documents
and certificates as may be reasonably requested by the Managing Underwriters,
including, without limitation, certificates to evidence compliance with
Section 3(j) hereof and with any other customary conditions contained in
the underwriting agreement or other agreements entered into by the Company.

(q)           The Company will use its reasonable
best efforts to cause the Common Stock issuable upon conversion of the
Securities to be listed on the New York Stock Exchange or other stock exchange
or trading system on which the Common Stock primarily trades on or prior to the
Effective Time of the Shelf Registration State­ment hereunder.

(r)            In the event that any broker-dealer
registered under the Exchange Act shall be an “affiliate” (as defined in
Rule 2720(b)(1) of the NASD Rules (or any successor provision thereto)) of
the Company or has a “conflict of interest” (as defined in Rule 2720(b)(7)
of the NASD Rules (or any successor provision thereto)) and such broker-dealer
shall underwrite, participate as a member of an underwriting syndicate or
selling group or assist in the distribution of any Registrable Securities
covered by the Shelf Registration Statement, whether as a Holder of such
Registrable Securities or as an underwriter, a placement or sales agent or a
broker or dealer in respect thereof, or otherwise, the Company shall assist
such broker-dealer in complying with the requirements of the NASD Rules,
including, without limitation, by (A) engaging a “qualified independent
underwriter” (as defined in Rule 2720(b)(15) of the NASD Rules (or any
successor provision thereto)) to participate in the preparation of the
registration statement relating to such Registrable Securities, to exercise
usual standards of due diligence in respect thereto and to recommend the public
offering price of such Registrable Securities, (B) indemnifying such qualified
independent underwriter to the extent of the indemnification of underwriters
provided in Section 5 hereof, and (C) providing such information to such broker-dealer
as may be required in order for such broker-dealer to comply with the
requirements of the NASD Rules.

(s)           The Company and the Subsidiary
Guarantors shall use their reasonable best efforts to take all other steps
necessary to effect the registration, offering and sale of the Registrable
Securities covered by the Shelf Registra­tion Statement contemplated hereby.

 12
 

4.             Registration Expenses.  Except as otherwise provided in Section 3,
the Company shall bear all fees and expenses incurred in connection with the
performance by the Company and the Subsidiary Guarantors of their obligations
under Sections 2, 3 and 6 hereof and shall bear or reimburse the Electing
Holders for the reasonable fees and disbursements of a single counsel selected
by a plurality of all Electing Holders who own an aggregate of not less than
25% of the Registrable Securities covered by the Shelf Registration Statement
to act as counsel therefor in connection therewith.  Each Electing Holder shall pay all
underwriting discounts and commissions and transfer taxes, if any, relating to
the sale or disposition of such Electing Holder’s Registrable Securities
pursuant to the Shelf Registration Statement.

5.             Indemnification and
Contribution.

(a)           Indemnification by the
Company and the Subsidiary Guarantors. Upon the registration of the
Registrable Securities pursuant to Section 2 hereof, the Company and the
Subsidiary Guarantors, jointly and severally, shall indemnify and hold harmless
each Electing Holder and each underwriter, selling agent or other securities
professional, if any, which facilitates the disposition of Registrable
Securities, and each of their respective officers and directors and each person
who controls such Electing Holder, underwriter, selling agent or other
securities professional within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act (each such person being sometimes referred to
as an “Indemnified Person”) against any losses, claims, damages or liabilities,
joint or several, to which such Indemnified Person may become subject under the
Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in
any Shelf Registration Statement under which such Registrable Securities are to
be registered under the Securities Act, or any Prospectus contained therein or
furnished by the Company to any Indemnified Person, or any amendment or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and the Company and
the Subsidiary Guarantors, jointly and severally, hereby agree to reimburse
such Indemnified Person for any legal or other expenses reasonably incurred by
them in connection with investigating or defending any such action or claim as
such expenses are incurred; provided, however, that neither the Company nor any Subsidiary
Guarantor shall be liable to any such Indemnified Person in any such case to
the extent that any such loss, claim, damage or liability arises out of or is
based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in such Shelf Registration Statement or Prospectus, or
amendment or supplement, (i) in reliance upon and in conformity with
written information furnished to the Company by such Indemnified Person
expressly for use therein or (ii) distributed by such Indemnified Person
in contravention of a reasonable written direction provided by the Company to
such Indemnified Person in advance of such distribution in accordance with
Section 3(j).

(b)           Indemnification by the
Electing Holders and any Agents and Underwriters.  Each Electing Holder agrees, as a consequence
of the inclusion of any of such Electing Holder’s Registrable Securities in
such Shelf Registration Statement, and each underwriter, selling agent or other
securities professional, if any, which facilitates the disposition of
Registrable Securities 

 13
 

shall
agree, as a consequence of facilitating such disposition of Registrable
Securities, severally and not jointly, to (i) indemnify and hold harmless the
Company and the Subsidiary Guarantors, their directors, officers who sign any
Shelf Registration Statement and each person, if any, who controls the Company or
any of the Subsidiary Guarantors within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act, against any losses, claims,
damages or liabilities to which the Company, the Subsidiary Guarantors or such
other persons may become subject, under the Securities Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in such Shelf Registration Statement or
Prospectus, or any amendment or supplement, or arise out of or are based upon
the omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading,
in each case to the extent, but only to the extent, that such untrue statement
or alleged untrue statement or omission or alleged omission was made in
reliance upon and in conformity with written information furnished to the
Company by such Electing Holder, underwriter, selling agent or other securities
professional expressly for use therein, and (ii) reimburse the Company and the
Subsidiary Guarantors for any legal or other expenses reasonably incurred by
the Company and the Subsidiary Guarantors in connection with investigating or
defending any such action or claim as such expenses are incurred.

(c)           Notices of Claims, Etc.  Promptly after receipt by an indemnified
party under subsection (a) or (b) above of notice of the commencement of any action
or proceeding for which indemnification is sought, such indemnified party
shall, if a claim in respect thereof is to be made against an indemnifying
party under this Section 5, notify such indemnifying party in writing of the
commencement thereof; but the omission so to notify the indemnifying party
shall not relieve it from any liability which it may have to any indemnified
party otherwise than under the indemnification provisions of or contemplated by
subsection (a) or (b) above.  In case any
such action shall be brought against any indemnified party and it shall notify
an indemnifying party of the commencement thereof, such indemnifying party
shall be entitled to participate therein and, to the extent that it shall wish,
jointly with any other indemnifying party similarly notified, to assume the
defense thereof, with counsel satisfactory to such indemnified party (who shall
not, except with the consent of the indemnified party, be counsel to the
indemnifying party), and, after notice from the indemnifying party to such
indemnified party of its election so to assume the defense thereof, such
indemnifying party shall not be liable to such indemnified party under this
Section 5 for any legal expenses of other counsel or any other expenses, in
each case subsequently incurred by such indemnified party, in connection with
the defense thereof other than reasonable costs of investigation. No
indemnifying party shall, without the written consent of the indemnified party,
effect the settlement or compromise of, or consent to the entry of any judgment
with respect to, any pending or threatened action or claim in respect of which
indemnification or contribution may be sought hereunder (whether or not the
indemnified party is an actual or potential party to such action or claim)
unless such settlement, compromise or judgment (i) includes an unconditional
release of the indemnified party from all liability arising out of such action
or claim and (ii) 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.

 14
 

(d)           Contribution.  If the indemnification provided for in this
Section 5 is unavailable to or insufficient to hold harmless an indemnified
party under subsection (a) or (b) above in respect of any losses, claims,
damages or liabilities (or actions in respect thereof) referred to therein,
then each indemnifying party shall contribute to the amount paid or payable by
such indemnified party as a result of such losses, claims, damages or liabilities
(or actions in respect thereof) in such proportion as is appropriate to reflect
the relative fault of the indemnifying party and the indemnified party in
connection with the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect thereof), as well as any
other relevant equitable considerations. 
The relative fault of such indemnifying party and indemnified party
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or omission or alleged omission to
state a material fact relates to information supplied by such indemnifying
party or by such indemnified party, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission.  The parties
hereto agree that it would not be just and equitable if contribution pursuant
to this Section 5(d) were determined by pro rata allocation (even if the
Electing Holders or any underwriters, selling agents or other securities
professionals or all of them 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 in this Section 5(d).  The amount paid or payable by an indemnified
party as a result of the losses, claims, damages or liabilities (or actions in
respect thereof) referred to above shall be deemed to include any legal or
other fees or expenses reasonably incurred by such indemni­fied party in
connection with investigating or defending any such action or claim.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.  The
obligations of the Electing Holders and any underwriters, selling agents or
other securities professionals in this Section 5(d) to contribute shall be
several in proportion to the percentage of principal amount or number of
shares, as applicable, of Registrable Securities registered or underwritten, as
the case may be, by them and not joint.

(e)           Notwithstanding the provisions of
this Section 5(e), no holder shall be required to contribute any amount in
excess of the amount by which the dollar amount of the proceeds received by
such holder from the sale of any Registrable Securities (after deducting any
fees, discounts and commissions applicable thereto) exceeds the amount of any
damages which such holder has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission, and no
underwriter shall be required to contribute any amount in excess of the amount
by which the total price at which the Registrable Securities underwritten by it
and distributed to the public were offered to the public exceeds the amount of
any damages which such underwriter has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission.

(f)            (e)           The
obligations of the Company and the Subsidiary Guarantors under this Section 6
shall be in addition to any liability which the Company or the Subsidiary
Guarantors may otherwise have and shall extend, upon the same terms and
conditions, to each officer, director and partner of each holder, agent and
underwriter and each person, if any, who controls any holder, agent or
underwriter within the meaning of the Securities Act; and the 

 15
 

obligations
of the holders and any agents or underwriters contemplated by this Section 5
shall be in addition to any liability which the respective holder, agent or
underwriter may otherwise have and shall extend, upon the same terms and
conditions, to each officer and director of the Company or the Subsidiary
Guarantors (including any person who, with his consent, is named in any
registration statement as about to become a director of the Company or the
Subsidiary Guarantors) and to each person, if any, who controls the Company
within the meaning of the Securities Act.

6.             Underwritten Offering.  Any Holder of Registrable Securities who
desires to do so may sell Registrable Securities (in whole or in part) in an
underwritten offering; provided that (i)
the Electing Holders of at least 33-1/3% in aggregate principal amount of the
Registrable Securities then covered by the Shelf Registration Statement shall
request such an offering and (ii) at least such aggregate principal amount of
such Registrable Securities shall be included in such offering; and provided further that the Company shall not be obligated to
cooperate with more than one underwritten offering during the Effectiveness
Period.  Upon receipt of such a request,
the Company shall provide all Holders of Registrable Securities written notice
of the request, which notice shall inform such Holders that they have the
opportunity to participate in the offering. 
In any such under­written offering, the investment banker or bankers and
manager or managers that will administer the offering will be selected by, and
the underwriting arrangements with respect thereto (including the size of the
offering) will be approved by, the holders of a majority of the Registrable
Securities to be included in such offering; provided, however, that such investment bankers and managers and underwriting
arrangements must be reasonably satisfactory to the Company.  No Holder may participate in any underwritten
offering contemplated hereby unless (a) such Holder agrees to sell such Holder’s
Registrable Securities to be included in the underwritten offering in
accordance with any approved underwriting arrangements, (b) such Holder
completes and executes all reasonable questionnaires, powers of attorney,
indemnities, underwriting agreements, lock-up letters and other documents
required under the terms of such approved underwriting arrangements, and (c) if
such Holder is not then an Electing Holder, such Holder returns a completed and
signed Notice and Questionnaire to the Company in accordance with Section
3(a)(ii) hereof within a reasonable amount of time before such underwritten
offering.  The Holders participating in
any underwritten offering shall be responsible for any underwriting discounts
and commissions and fees and, subject to Section 4 hereof, expenses of their
own counsel.  The Company shall pay all
expenses customarily borne by issuers in an underwritten offering, including
but not limited to filing fees, the fees and disburse­ments of its counsel and
independent public accountants and any printing expenses incurred in connection
with such underwritten offering. 
Notwithstanding the foregoing or the provisions of Section 3(n) hereof,
upon receipt of a request from the Managing Underwriter or a representative of
holders of a majority of the Registrable Securities to be included in an
underwritten offering to prepare and file an amendment or supplement to the
Shelf Registration Statement and Prospectus in connec­tion with an underwritten
offering, the Company and the Subsidiary Guarantors may delay the filing of any
such amend­ment or supplement for up to 90 days if the Board of Directors of
the Company shall have determined in good faith that the Company has a bona
fide business reason for such delay.

 16
 

7.                                      Special Interest.

(a)           Notwithstanding any postponement of
effectiveness permitted by Section 2(a) hereof, if (i) on or prior to the 120th
day following the Closing Date, a Shelf Registration Statement has not been
filed or designated with the Commission or (ii) on or prior to the 180th day
following the Closing Date, such Shelf Registration Statement is not declared
effective by the Commission (or, if previously effective, designated) (each, a “Registration
Default”), the Company shall be required to pay special interest (“Special
Interest”), from and including the day following such Registration Default
until such Shelf Registration Statement is either so filed or designated, as
applicable, or so filed and subsequently declared effective, as applicable, at
a rate per annum equal to an additional one-quarter of one percent (0.25%) of
the principal amount of Registrable Securities, to and including the 90th day
following such Registration Default and one-half of one percent (0.50%) thereof
from and after the 91st day following such Registration Default.

(b)           In the event that (i) the Shelf
Registration Statement ceases to be effective, (ii) the Company and the
Subsidiary Guarantors suspend the use of the Prospectus pursuant to Section
2(c) or 3(j) hereof, (iii) the Holders are not authorized to use the Prospectus
pursuant to Section 3(g) hereto or (iv) the Holders are otherwise prevented or
restricted by the Company and the Subsidiary Guarantors from effecting sales or
an Effective Failure, as applicable, pursuant to the Shelf Registration
Statement (an “Effective Failure”) for more than 30 days, whether or not
consecutive, in any 90-day period, or for more than 90 days, whether or not
consecutive, during any 12-month period, then the Company shall pay Special
Interest at a rate per annum equal to an additional one-quarter of one percent
(0.25%) of the principal amount of Registrable Securities from the 31st day of the applicable 90-day period or the
91st day of the applicable 12-month period, as the case may be, and at a rate
per anuum equal to an additional one-half of one percent (0.50%) thereafter, that
any such Effective Failure has existed until the earlier of (1) the time the
Holders of Registrable Securities are again able to make sales under the Shelf
Registration Statement or (2) the expiration of the Effectiveness Period.

(c)           Following the cure of a Registration
Default or an Effective Failure, as applicable, Special Interest will cease to
accrue with respect to that Registration Default or Effective Failure,
respectively.  In addition, no Special
Interest will accrue after the end of the Effectiveness Period and no Special
Interest will accrue on and after the date a Registrable Security that is a
note is converted in accordance with the Indenture.  However, the Company shall remain liable for
any previously accrued additional Special Interest.  Any amounts to be paid as Special Interest
pursuant to paragraphs (a) or (b) of this Section 7 shall be paid in cash
semi-annually in arrears, with the first semi-annual payment due on the first
Interest Payment Date (as defined in the Indenture), as applicable, following
the date of such Registration Default or Effective Failure, as applicable.  Such Special Interest will accrue (1) in
respect of the Securities at the rates set forth in paragraphs (a) or (b) of
this Section 7, as applicable, on the principal amount of the Securities and
(2) in respect of the Common Stock issued upon conversion of the Securities, at
the rates set forth in paragraphs (a) or (b) of this Section 7, as applicable,
applied to the Conversion Price (as defined in the Indenture) at that time.

 17
 

(d)           Except as provided in
Section 8(b) hereof, the Special Interest as set forth in this Section 7
shall be the exclusive monetary remedy available to the Holders of Registrable
Securities for such Registration Default or Effective Failure. In no event
shall the Company be required to pay Special Interest in excess of the
applicable maximum amount of one-half of one percent (0.50%) per annum set
forth above, regardless of whether one or multiple Registration Defaults or
Effective Failures exist.

8.                                       Miscellaneous.

(a)           Other Registration Rights.  The Company may grant registration rights
that would permit any person that is a third party the right to piggy-back on
any Shelf Registration Statement, provided that
if the Managing Underwriter of any underwritten offering conducted pursuant to
Section 6 hereof notifies the Company and the Electing Holders that the
total amount of securities which the Electing Holders and the holders of such
piggy-back rights intend to include in any Shelf Regis­tration Statement is so
large as to materially threaten the success of such offering (including the
price at which such securities can be sold), then the amount, number or kind of
securities to be offered for the account of holders of such piggy-back rights
will be reduced to the extent necessary to reduce the total amount of
securities to be included in such offering to the amount, number and kind
recommended by the Man­aging Underwriter prior to any reduction in the amount
of Registrable Securities to be included in such Shelf Registration
Statement.  The Company has granted piggy-back
rights (the “Existing Piggy-Back Rights”) to certain persons party to that
certain Shareholders Agreement, dated as of March 1, 2002 (the “Shareholders
Agreement”), among the Company, Asbury Automotive Holdings, L.L.C. and other
stockholders listed on the signature pages thereto.  Notwithstanding anything contrary stated in
this Section 8(a), the terms of the Shareholders Agreement relating to the
Existing Piggy-Back Rights shall control the rights to piggy-back on any Shelf
Registration Statement by the parties to the Shareholders Agreement.

(b)           Specific Performance.  The parties hereto acknowledge that there
would be no adequate remedy at law if the Company or any of the Subsidiary
Guarantors fails to perform any of its obligations hereunder and that the
Purchasers and the Holders from time to time may be irreparably harmed by any
such failure, and accordingly agree that the Purchasers and such Holders, in
addition to any other remedy to which they may be entitled at law or in equity
and without limiting the remedies available to the Electing Holders under
Section 7 hereof, shall be entitled to compel specific performance of the
obligations of the Company and the Subsidiary Guarantors under this
Registration Rights Agreement in accordance with the terms and conditions of
this Registration Rights Agreement, in any court of the United States or any
State thereof having jurisdiction.

(c)           Amendments and Waivers.  This Agreement, including this Section 8(c),
may be amended, and waivers or consents to departures from the provisions
hereof may be given, only by a written instrument duly executed by the Company
and the holders of a majority in aggregate principal amount of Registrable
Securities then outstanding.  Each Holder
of Registrable Securities outstanding at the time of any such amendment, waiver
or consent or thereafter shall be bound by any amendment, waiver or consent
effected pursuant to this 

 18
 

Section
8(c), whether or not any notice, writing or marking indicating such amendment,
waiver or consent appears on the Registrable Securities or is delivered to such
Holder.

(d)           Notices.  All notices and other communications provided
for or permitted hereunder shall be given as provided in the Indenture.

(e)           Parties in Interest.  The parties to this Agreement intend that all
Holders of Registrable Securities shall be entitled to receive the benefits of
this Agreement and that any Electing Holder shall be bound by the terms and
provisions of this Agreement by reason of such election with respect to the
Registrable Securities which are included in a Shelf Registration
Statement.  All the terms and provisions
of this Agreement shall be binding upon, shall inure to the benefit of and
shall be enforceable by the respective successors and assigns of the parties
hereto and any Holder from time to time of the Registrable Securities to the
aforesaid extent.  In the event that any
transferee of any Holder of Registrable Securities shall acquire Registrable
Securities, in any manner, whether by gift, bequest, purchase, operation of law
or otherwise, such transferee shall, without any further writing or action of
any kind, be entitled to receive the benefits of and, if an Electing Holder, be
conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement to the aforesaid extent.

(f)            Counterparts.  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.

(g)           Headings.  The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

(h)           Governing Law.  This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York.

(i)            Severability.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstances,
is held invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions hereof shall not be in any way impaired
or affected thereby, it being intended that all of the rights and privileges of
the parties hereto shall be enforceable to the fullest extent permitted by law.

(j)            Survival.  The respective indemnities, agreements,
representations, warranties and other provisions set forth in this Agreement or
made pursuant hereto shall remain in full force and effect, regardless of any
investigation (or any statement as to the results thereof) made by or on behalf
of any Electing Holder, any director, officer or partner of such Holder, any
agent or underwriter, any director, officer or partner of such agent or
underwriter, or any controlling person of any of the foregoing, and shall
survive the transfer and registration of the Registrable Securities of such Holder.

 19

Please
confirm that the foregoing correctly sets forth the agreement between the
Company, the Subsidiary Guarantors and you.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Asbury Automotive Group, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Name:

  	
  J. Gordon Smith

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Asbury Automotive
  Management L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  South, L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive West,
  L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Southern California L.L.C.

  	
   

  
	
   

  	
  Asbury Arkansas Hund
  L.L.C.

  	
   

  
	
   

  	
  Asbury AR Niss L.L.C .

  	
   

  
	
   

  	
  Asbury Automotive
  Arkansas Dealership Holdings L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Arkansas L.L.C.

  	
   

  
	
   

  	
  Asbury MS Gray-Daniels
  L.L.C.

  	
   

  
	
   

  	
  Asbury MS Metro L.L.C.

  	
   

  
	
   

  	
  Escude-M L.L.C.

  	
   

  
	
   

  	
  Escude-MO L.L.C.

  	
   

  
	
   

  	
  Escude-NN L.L.C.

  	
   

  
	
   

  	
  Escude-NS L.L.C.

  	
   

  
	
   

  	
  Escude-T L.L.C.

  	
   

  
	
   

  	
  NP FLM L.L.C.

  	
   

  
	
   

  	
  NP MZD L.L.C.

  	
   

  
	
   

  	
  NP VKW L.L.C.

  	
   

  
	
   

  	
  Premier NSN L.L.C.

  	
   

  
	
   

  	
  Premier Pon L.L.C.

  	
   

  
	
   

  	
  Prestige Bay L.L.C.

  	
   

  
	
   

  	
  Prestige Toy L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta AC
  L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta AU
  L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta BM L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta
  Chevrolet L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta Hon
  L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta Infiniti
  L.L.C.

  	
   

  
								

 

 20
 

 

	
  

  	
  Asbury Atlanta Jaguar
  L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta Lex
  L.L.C.

  	
   

  
	
   

  	
  Asbury Atlanta VL
  L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Atlanta L.L.C.

  	
   

  
	
   

  	
  Atlanta Real Estate
  Holdings L.L.C.

  	
   

  
	
   

  	
  Spectrum Insurance
  Services L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Fresno L.L.C.

  	
   

  
	
   

  	
  Asbury Fresno Imports
  L.L.C.

  	
   

  
	
   

  	
  AF Motors, L.L.C.

  	
   

  
	
   

  	
  ALM Motors, L.L.C.

  	
   

  
	
   

  	
  ANL, L.P. (by its
  general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  Asbury Automotive
  Central Florida, L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Deland, L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Florida, L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Jacksonville GP L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Jacksonville, L.P. (by its general partner Asbury Automotive Jacksonville GP
  L.L.C.)

  	
   

  
	
   

  	
  Asbury Deland Imports
  2, L.L.C.

  	
   

  
	
   

  	
  Asbury Jax AC L.L.C.

  	
   

  
	
   

  	
  Asbury Jax Holdings,
  L.P. (by its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  Asbury Jax K L.L.C.

  	
   

  
	
   

  	
  Asbury Jax Management
  L.L.C.

  	
   

  
	
   

  	
  Asbury Jax PB Chev
  L.L.C.

  	
   

  
	
   

  	
  Asbury-Deland Imports,
  L.L.C.

  	
   

  
	
   

  	
  Avenues Motors, Ltd.
  (by its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  Bayway Financial
  Services, L.P. (by its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  BFP Motors L.L.C.

  	
   

  
	
   

  	
  C&O Properties,
  Ltd.  (by its general partner Asbury Jax
  Management L.L.C.)

  	
   

  
	
   

  	
  CFP Motors, Ltd. (by
  its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  CH Motors, Ltd. (by its
  general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  CHO Partnership, Ltd.
  (by its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  CK Chevrolet L.L.C.

  	
   

  
	
   

  	
  CK Motors LLC

  	
   

  
	
   

  	
  CN Motors, Ltd. (by its
  general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  Coggin Automotive Corp.

  	
   

  

 

 21
 

 

	
  

  	
  Coggin Cars L.L.C.

  	
   

  
	
   

  	
  Coggin Chevrolet L.L.C.

  	
   

  
	
   

  	
  Coggin Management, L.P.
  (by its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  CP-GMC Motors, Ltd. (by
  its general partner Asbury Jax Management L.L.C.)

  	
   

  
	
   

  	
  CSA Imports L.L.C.

  	
   

  
	
   

  	
  HFP Motors L.L.C.

  	
   

  
	
   

  	
  KP Motors L.L.C.

  	
   

  
	
   

  	
  Asbury MS Chev, L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Mississippi, L.L.C.

  	
   

  
	
   

  	
  Asbury MS Wimber L.L.C.

  	
   

  
	
   

  	
  Asbury MS Yazoo 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 Automotive North
  Carolina Dealership Holdings L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive North
  Carolina L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive North
  Carolina Management L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive North
  Carolina Real Estate Holdings L.L.C.

  	
   

  
	
   

  	
  Camco Finance II L.L.C.

  	
   

  
	
   

  	
  Camco Finance L.L.C.

  	
   

  
	
   

  	
  Crown Acura/Nissan, LLC

  	
   

  
	
   

  	
  Crown Battleground, LLC

  	
   

  
	
   

  	
  Crown CHH L.L.C.

  	
   

  
	
   

  	
  Crown CHO L.L.C.

  	
   

  
	
   

  	
  Crown CHV L.L.C.

  	
   

  
	
   

  	
  Crown Dodge, LLC

  	
   

  
	
   

  	
  Crown FDO L.L.C.

  	
   

  
	
   

  	
  Crown FFO Holdings
  L.L.C.

  	
   

  
	
   

  	
  Crown FFO L.L.C.

  	
   

  
	
   

  	
  Crown Fordham L.L.C.

  	
   

  
	
   

  	
  Crown GAC L.L.C.

  	
   

  
	
   

  	
  Crown GAU L.L.C.

  	
   

  
	
   

  	
  Crown GBM L.L.C.

  	
   

  
	
   

  	
  Crown GCA L.L.C.

  	
   

  
	
   

  	
  Crown GCH L.L.C.

  	
   

  
	
   

  	
  Crown GDO L.L.C.

  	
   

  
	
   

  	
  Crown GHO L.L.C.

  	
   

  
	
   

  	
  Crown GKI L.L.C.

  	
   

  
	
   

  	
  Crown GMI L.L.C.

  	
   

  

 

 22
 

 

	
  

  	
  Crown GNI L.L.C.

  	
   

  
	
   

  	
  Crown GPG L.L.C.

  	
   

  
	
   

  	
  Crown GVO L.L.C.

  	
   

  
	
   

  	
  Crown Honda, LLC

  	
   

  
	
   

  	
  Crown Honda-Volvo, LLC

  	
   

  
	
   

  	
  Crown Mitsubishi, LLC

  	
   

  
	
   

  	
  Crown Motorcar Company
  L.L.C.

  	
   

  
	
   

  	
  Crown Raleigh L.L.C.

  	
   

  
	
   

  	
  Crown RIA L.L.C.

  	
   

  
	
   

  	
  Crown RIB L.L.C.

  	
   

  
	
   

  	
  Crown Royal Pontiac,
  LLC

  	
   

  
	
   

  	
  Crown SJC L.L.C.

  	
   

  
	
   

  	
  Crown SNI L.L.C.

  	
   

  
	
   

  	
  RER Properties, LLC

  	
   

  
	
   

  	
  RWIJ Properties, LLC

  	
   

  
	
   

  	
  Asbury Automotive
  Oregon L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Oregon Management L.L.C.

  	
   

  
	
   

  	
  Thomason Frd L.L.C.

  	
   

  
	
   

  	
  Thomason Auto Credit
  Northwest, Inc.

  	
   

  
	
   

  	
  Thomason Dam L.L.C.

  	
   

  
	
   

  	
  Thomason Hon L.L.C.

  	
   

  
	
   

  	
  Thomason Hund L.L.C.

  	
   

  
	
   

  	
  Thomason Maz L.L.C.

  	
   

  
	
   

  	
  Thomason Niss L.L.C.

  	
   

  
	
   

  	
  Thomason Outfitters
  L.L.C.

  	
   

  
	
   

  	
  Thomason Pontiac-GMC
  L.L.C.

  	
   

  
	
   

  	
  Thomason Suzu L.L.C.

  	
   

  
	
   

  	
  Thomason TY L.L.C.

  	
   

  
	
   

  	
  Thomason Zuk L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive St.
  Louis, L.L.C.

  	
   

  
	
   

  	
  Asbury St. Louis
  Cadillac L.L.C.

  	
   

  
	
   

  	
  Asbury St. Louis Lex
  L.L.C.

  	
   

  
	
   

  	
  Asbury St. Louis Gen
  L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive Brandon,
  L.P. (by its general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Asbury Automotive Tampa
  GP L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive
  Tampa, L.P. (by its general partner Asbury Automotive Tampa GP L.L.C.)

  	
   

  
	
   

  	
  Asbury Tampa Management
  L.L.C.

  	
   

  
	
   

  	
  JC Dealer Systems L.L.C.

  	
   

  
	
   

  	
  Precision Computer
  Services, Inc.

  	
   

  
	
   

  	
  Precision Enterprises
  Tampa, Inc.

  	
   

  
	
   

  	
  Precision Infiniti,
  Inc.

  	
   

  

 

 23
 

 

	
  

  	
  Precision Motorcars,
  Inc.

  	
   

  
	
   

  	
  Precision Nissan, Inc.

  	
   

  
	
   

  	
  Tampa Hund, L.P. (by
  its general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Tampa Kia, L.P. (by its
  general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Tampa LM, L.P. (by its
  general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Tampa Mit, L.P. (by its
  general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Tampa Suzu, L.P. (by its
  general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  WMZ Brandon Motors,
  L.P. (by its general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  WMZ Motors, L.P. (by
  its general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  WTY Motors L.P. (by its
  general partner Asbury Tampa Management L.L.C.)

  	
   

  
	
   

  	
  Asbury Automotive Texas
  Holdings L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive Texas
  L.L.C.

  	
   

  
	
   

  	
  Asbury Automotive Texas
  Real Estate Holdings L.P. (by its general partner Asbury Texas Management
  L.L.C.)

  	
   

  
	
   

  	
  Asbury Texas Management
  L.L.C.

  	
   

  
	
   

  	
  McDavid Auction, L.P.
  (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Austin-Acra,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Frisco-Hon,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Grande, L.P.
  (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Houston-Hon,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Houston-Kia,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Houston-Niss,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Irving-Hon,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid
  Irving-PB&G, L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Irving-Zuk,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  

 

 24
 

 

	
  

  	
  McDavid Outfitters,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  McDavid Plano-Acra,
  L.P. (by its general partner Asbury Texas Management L.L.C.)

  	
   

  
	
   

  	
  Plano Lincoln-Mercury,
  Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Name:

  	
  J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Asbury Automotive Group
  Holdings, Inc.

  	
   

  
	
   

  	
  Asbury Automotive Group
  L.L.C.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Name:

  	
  J. Gordon Smith

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Asbury Automotive
  Financial Services, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lynne A. Burgess

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Lynne A. Burgess

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President and
  Assistant Secretary

  	
   

  
						

 

 25
 

Accepted as of the
date hereof:

Goldman, Sachs
& Co. 

Deutsche Bank Securities Inc.

	
  By:

  	
  /s/ Goldman, Sachs & Co.

  	
   

  
	
   

  	
  (Goldman, Sachs
  & Co.)

  
	
   

  	
   

  
	
   

  	
  On behalf of
  each of the Purchasers

  

 

 26
 

Appendix
A

Asbury
Automotive Group, Inc.

INSTRUCTION TO DTC
PARTICIPANTS

(Date of
Mailing)

URGENT -
IMMEDIATE ATTENTION REQUESTED

DEADLINE
FOR RESPONSE:  [DATE]

The Depository Trust Company (“DTC”) has
identified you as a DTC Participant through which beneficial interests in the
Asbury Automotive Group, Inc. (the “Company”) 3.00% Senior Subordinated
Convertible Notes due 2012 (the “Securities”) are held.

The Company is in the process of
registering the Securities under the Securities Act of 1933 for resale by the
beneficial owners thereof.  In order to
have their Securities included in the registration statement, beneficial owners
must complete and return the enclosed Notice of Registration Statement and
Selling Securityholder Questionnaire.

It is important that beneficial owners of
the Securities receive a copy of the enclosed materials as soon as possible
as their rights to have the Securities included in the registration statement
depend upon their returning the Notice and Questionnaire by [Deadline for response]. 
Please forward a copy of the enclosed documents to each beneficial owner
that holds interests in the Securities through you.  If you require more copies of the enclosed
materials or have any questions pertaining to this matter, please contact
Asbury Automotive Group, Inc., 622 Third Avenue, 37th Floor, New York, New York
10017, (212) 885-2500.

 27
 

Asbury
Automotive Group, Inc.

Notice of
Registration Statement

and

Selling Securityholder Questionnaire

[Date]

Asbury Automotive Group, Inc. (the “Company”) has filed with the United States Securities and
Exchange Commission (the “Commission”) a registration statement on Form [       ] (the “Shelf Registration
Statement”) for the registration and resale under Rule 415 of
the United States Securities Act of 1933, as amended (the “Securities
Act”), of the Company’s 3.00% Senior Subordinated Convertible Notes
due 2012 (the “Securities”) and the shares of
common stock, par value $.01 per share (the “Common Stock”),
issuable upon conversion thereof, in accordance with the Registration Rights
Agreement, dated as of March 16, 2007 (the “Registration Rights
Agreement”), between the Company, the Subsidiary Guarantors (as
defined in the Registration Rights Agreement) and the purchasers named
therein.  A copy of the Registration
Rights Agreement is attached hereto.  All
capitalized terms not otherwise defined herein shall have the meanings ascribed
thereto in the Registration Rights Agreement.

In order to have Registrable Securities included
in the Shelf Registration Statement (or a supplement or amendment thereto),
this Notice of Registration Statement and Selling Securityholder Questionnaire
(“Notice and Questionnaire”) must be
completed, executed and delivered to the Company at the address set forth
herein for receipt ON OR BEFORE [DEADLINE FOR  RESPONSE]. 
Beneficial owners of Registrable Securities who do not complete, execute
and return this Notice and Questionnaire by such date (i) will not be
named as selling securityholders in the Shelf Registration Statement and
(ii) may not use the Prospectus forming a part thereof for resales of
Registrable Securities.

Certain legal consequences arise from being
named as a selling securityholder in the Shelf Registration Statement and
related Prospectus.  Accordingly, holders
and beneficial owners of Registrable Securities are advised to consult their
own securities law counsel regarding the consequences of being named or not
being named as a selling securityholder in the Shelf Registration Statement and
related Prospectus.

 28
 

The term “Registrable Securities”
is defined in the Registration Rights Agreement to mean all or any portion of
the Securities issued from time to time under the Indenture in registered form
and the shares of Common Stock issuable upon conversion of such Securities; provided, however, that a
security ceases to be a Registrable Security when it is no longer a Restricted
Security.

The term “Restricted Security” is defined
in the Registration Rights Agreement to mean any Security or share of Common
Stock issuable upon conversion thereof except any such Security or share of
Common Stock which (i) has been effectively registered under the
Securities Act and sold in a manner contemplated by the Shelf Registration
Statement, (ii) has been transferred in compliance with Rule 144 under the
Securities Act (or any successor provision thereto) or is transferable pursuant
to paragraph (k) of such Rule 144 (or any successor provision thereto), or
(iii) has otherwise been transferred and a new Security or share of Common
Stock not subject to transfer restrictions under the Securities Act has been
delivered by or on behalf of the Company in accordance with the Indenture.

ELECTION

The
undersigned holder (the “Selling Securityholder”) of Registrable Securities
hereby elects to include in the Shelf Registration Statement the Registrable
Securities beneficially owned by it and listed below in Item (3).  The undersigned, by signing and returning
this Notice and Questionnaire, agrees to be bound with respect to such
Registrable Securities by the terms and conditions of this Notice and
Questionnaire and the Registration Rights Agreement, including, without
limitation, Section 5 of the Registration Rights Agreement, as if the
undersigned Selling Securityholder were an original party thereto.

Upon any sale of Registrable Securities pursuant
to the Shelf Registration Statement, the Selling Securityholder will be
required to deliver to the Company and the Trustee the Notice of Transfer
(completed and signed) set forth in Exhibit 1 to this Notice and Questionnaire.

The Selling Securityholder hereby provides the
following information to the Company and represents and warrants that such
information is accurate and complete:

 29
 

QUESTIONNAIRE

(1)          (a)   Full Legal Name of Selling Securityholder:

(b)         Full
Legal Name of Registered Holder (if not the same as in (a) above) of
Registrable Securities Listed in Item (3) Below:

(c)      Full Legal Name of DTC Participant (if
applicable and if not the same as (b) above) Through Which Registrable
Securities Listed in Item (3) Below are Held:

(2)                                  Address
for Notices to Selling Securityholder:

Telephone:

Fax:

Contact Person:

(3)                                  Beneficial
Ownership of Securities:

Except as set forth below in this
Item (3), the undersigned Selling Securityholder does not beneficially own
any Securities or shares of Common Stock issued upon conversion, repurchase or
redemption of any Securities.

(a)          Principal
amount of Registrable Securities (as defined in the Registration Rights Agreement)
beneficially owned:

CUSIP No(s). of such Registrable Securities: 

Number
of shares of Common Stock (if any) issued upon conversion, repurchase or
redemption of Registrable Securities: 

(b)         Principal
amount of Securities other than Registrable Securities beneficially owned:

CUSIP No(s). of such other Securities:  

Number
of shares of Common Stock (if any) issued upon conversion of such other Securities:

(c)          Principal
amount of Registrable Securities which the undersigned wishes to be included in
the Shelf Registration Statement          CUSIP
No(s). of such Registrable Securities to be included in the Shelf Registration
Statement:  

 30
 

Number
of shares of Common Stock (if any) issued upon conversion of Registrable
Securities which are to be included in the Shelf Registration Statement: 

(4)                                  Beneficial
Ownership of Other Securities of the Company:

Except as set forth below in this
Item (4), the undersigned Selling Securityholder is not the beneficial or
registered owner of any shares of Common Stock or any other securities of the
Company, other than the Securities and shares of Common Stock listed above in
Item (3).

State any exceptions here:

(5)                                  Relationships
with the Company:

Except as set forth below,
neither the Selling Securityholder nor any of its affiliates, officers,
directors or principal equity holders (5% or more) has held any position or
office or has had any other material relationship with the Company (or its
predecessors or affiliates) during the past three years.

State any exceptions here:

(6)                                  Plan
of Distribution:

Except as set forth below, the
undersigned Selling Securityholder intends to distribute the Registrable
Securities listed above in Item (3) only as follows (if at all):  Such Registrable Securities may be sold from
time to time directly by the undersigned Selling Securityholder or,
alternatively, through underwriters, broker-dealers or agents.  Such Registrable Securities may be sold in
one or more transactions at fixed prices, at prevailing market prices at the
time of sale, at varying prices determined at the time of sale, or at
negotiated prices.  Such sales may be
effected in transactions (which may involve crosses or block transactions) (i)
on any national securities exchange or quotation service on which the
Registrable Securities may be listed or quoted at the time of sale, (ii) in the
over-the-counter market, (iii) in transactions otherwise than on such exchanges
or services or in the over-the-counter market, or (iv) through the writing of
options.  In connection with sales of the
Registrable Securities or otherwise, the Selling Securityholder may enter into
hedging transactions with broker-dealers, which may in turn engage in short
sales of the Registrable Securities in the course of hedging the positions they
assume.  The Selling Securityholder may
also sell Registrable Securities short and deliver Registrable Securities to
close out such short positions, or loan or pledge Registrable Securities to
broker-dealers that in turn may sell such securities.

State any exceptions here:

 31
 

Note:  In
no event may such method(s) of distribution take the form of an underwritten
offering of the Registrable Securities without the prior agreement of the
Company.

By signing below, the Selling Securityholder
acknowledges that it understands its obligation to comply, and agrees that it
will comply, with the prospectus delivery and other provisions of the
Securities Act and the Exchange Act and the rules and regulations thereunder,
particularly Regulation M.

In the event that the Selling Securityholder
transfers all or any portion of the Registrable Securities listed in
Item (3) above after the date on which such information is provided to the
Company, the Selling Securityholder agrees to notify the transferee(s) at the
time of the transfer of its rights and obligations under this Notice and
Questionnaire and the Registration Rights Agreement.

By signing below, the Selling Securityholder
consents to the disclosure of the information contained herein in its answers
to Items (1) through (6) above and the inclusion of such information in
the Shelf Registration Statement and related Prospectus.  The Selling Securityholder understands that
such information will be relied upon by the Company and the Subsidiary
Guarantors in connection with the preparation of the Shelf Registration
Statement and related Prospectus.

In accordance with the Selling Securityholder’s
obligation under Section 3(a) of the Registration Rights Agreement to
provide such information as may be required by law for inclusion in the Shelf
Registration Statement, the Selling Securityholder agrees to promptly notify
the Company of any inaccuracies or changes in the information provided herein
which may occur subsequent to the date hereof at any time while the Shelf
Registration Statement remains in effect. 
All notices hereunder and pursuant to the Registration Rights Agreement
shall be made in writing, by hand-delivery, first-class mail, or air courier
guaranteeing overnight delivery as follows:

(i)    To the Company and the Subsidiary
Guarantors:

Asbury Automotive Group
Inc.

622 Third Avenue, 37th
Floor

New York, New York 10017

Attention: Secretary

(ii)   With a copy to:

Cravath, Swaine & Moore
LLP

825 Eighth Avenue

New York, New York  10019

Attention: Andrew J.
Pitts

Once this Notice and Questionnaire is executed
by the Selling Securityholder and received by the Company, the terms of this
Notice and Questionnaire, and the representations and warranties contained
herein, shall be binding on, shall inure to the benefit 

 32
 

of
and shall be enforceable by the respective successors, heirs, personal
representatives, and assigns of the Company and the Selling Securityholder
(with respect to the Registrable Securities beneficially owned by such Selling
Securityholder and listed in Item (3) above). 
This Agreement shall be governed in all respects by the laws of the
State of New York.

 33
 

IN WITNESS WHEREOF, the undersigned, by
authority duly given, has caused this Notice and Questionnaire to be executed
and delivered either in person or by its duly authorized agent.

	
  Dated:

  	
   

  	
   

  
	
   

  
	
   

  
	
   

  	
   

  
	
   

  	
  Selling Securityholder

  
	
   

  	
  (Print/type full legal name of beneficial owner of
  Registrable Securities)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
					

 

PLEASE
RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR
BEFORE [DEADLINE FOR RESPONSE] TO THE COMPANY’S
COUNSEL AT:

Cravath, Swaine &
Moore LLP

825 Eighth Avenue

New York, NY  10019

Attention: Andrew J.
Pitts

 34
 

Exhibit 1

to Appendix A

NOTICE
OF TRANSFER PURSUANT TO REGISTRATION STATEMENT

The
Bank of New York

Asbury Automotive Group, Inc.

c/o The Bank of New York

101 Barclay Street

New York, NY 10286

Attention:  Trust Officer

Re:          Asbury
Automotive Group, Inc. (the “Company”)

3.00% Senior
Subordinated Convertible Notes due 2012 (the “Notes”)

Dear
Sirs:

Please
be advised that                                    
has transferred $                       
aggregate principal amount of the above-referenced Notes or shares of the
Company’s common stock, issued upon conversion, repurchase or redemption of
Notes, pursuant to an effective Registration Statement on Form [      ] (File No. 333-         )
filed by the Company.

We
hereby certify that the prospectus delivery requirements, if any, of the
Securities Act of 1933, as amended, have been satisfied with respect to the
transfer described above and that the above-named beneficial owner of the Notes
or common stock is named as a selling securityholder in the Prospectus dated [date], or in amendments or supplements thereto, and that
the aggregate principal amount of the Notes or number of shares of common stock
transferred are [a portion of] the Notes or shares
of common stock listed in such Prospectus as amended or supplemented opposite
such owner’s name.

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Name)

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Authorized Signature)

  

 

 35

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