Document:

Standard Form of Guaranty

 Exhibit 10.39 
 LEASE GUARANTY 
 THIS LEASE GUARANTY (this “Guaranty”) is made as of this
     day of             ,         , by SONIC AUTOMOTIVE, INC., a Delaware corporation (“Guarantor”), in favor of
                    , a                     
(“Landlord”). 
 WHEREAS,
                    , a                     
(“Tenant”), and Landlord executed that certain Lease Agreement, dated             ,          (the “Lease”), the
terms and conditions of which Lease are hereby incorporated by reference, for certain premises located at                     ,
                    ,                      (the
“Premises”); and 
 WHEREAS, Landlord under the Lease requires as a condition to its execution of the Lease that Guarantor
guarantee the performance and obligations of Tenant under the Lease. Guarantor desires to have Landlord and Tenant enter into the Lease and therefore desires to guaranty Tenant’s performance under the Lease as hereinafter provided. 

NOW, THEREFORE, in consideration of, and as an inducement for the granting, execution and delivery of the Lease, and in further consideration of the
sum of One Dollar ($1.00) and other good and valuable consideration paid by Landlord, the receipt and sufficiency of which are hereby acknowledged, Guarantor hereby covenants as follows: 
 1. Guaranty. Guarantor absolutely, unconditionally and irrevocably guarantees to Landlord the full, faithful and prompt performance of all
obligations imposed on Tenant by the terms of the Lease, including, but not limited to: (a) the payment of any and all Rent payable by Tenant under the Lease, and (b) the performance and observance of all the covenants, terms, conditions
and agreements of the Lease (including, without limitation, Section 3(c) thereof) to be performed and observed by Tenant. Guarantor does hereby become surety to Landlord for and with respect to all of the aforesaid obligations of Tenant under
the Lease. 
 2. Covenants. If Tenant defaults in the payment of any Rent payable by Tenant under the Lease or in the performance of
any of the covenants, terms, conditions and agreements contained in the Lease, Guarantor will immediately: (a) pay such Rent to Landlord and any arrears thereof; (b) faithfully perform and fulfill all of such covenants, terms, conditions
and agreements; and (c) pay the Landlord all damages, costs and expenses that may arise in consequence of any default by Tenant under Lease (including, without limitation, all Reasonable Attorneys’ Fees (as defined hereafter) incurred by
Landlord or caused by any such default and/or by the enforcement of this Guaranty). This Guaranty is a primary, absolute, continuing and unconditional guaranty of payment and of performance and not of mere collection. Guarantor’s liability
hereunder is direct and may be enforced without Landlord being required to resort to any other right, remedy or security. The validity of this Guaranty and the obligations of Guarantor hereunder shall not be terminated, affected or impaired by
reason of the assertion or the failure to assert by Landlord against Tenant of any of the rights or remedies reserved to Landlord pursuant to the provisions of the Lease. 
 3. Non-Release. This Guaranty shall remain in full force and effect without regard to, and shall not be released, discharged or in any way impaired by: (a) any amendment or modification of, or supplement
to, or extension or renewal (pursuant to an option granted, holding over, or otherwise) of the Lease (whether material or otherwise) or any assignment or transfer thereof, all of which Guarantor hereby consents to; (b) any exercise or
non-exercise of any right, power, remedy or privilege under or in respect of the Lease or this Guaranty or any waiver, consent or approval by Landlord with respect to any of the covenants, terms, conditions or agreements contained in the Lease or
any indulgences, forbearance or extensions of time for performance or observance allowed to Tenant from time to time and for any length of time; (c) the voluntary or involuntary liquidation or dissolution of Tenant, the sale of substantially
all of the assets of Tenant, the marshaling of assets on liabilities, receiverships, conservatorship, insolvency, bankruptcy, assignment for the benefit of creditors, reorganizations, arrangement, composition or readjustment of, or other similar
proceeding affecting Tenant or any of Tenant’s assets; (d) any limitation on the liability or obligation of Tenant under the Lease or its estate in bankruptcy or of any remedy for the enforcement thereof, resulting from the operation of
any present or future provision of the National Bankruptcy Act 

 
or other statute or from the decision of any court; or (e) any extension, forbearance or leniency extended by Landlord to Tenant. 
 4. Rejection of Lease. This Guaranty will continue unchanged by any bankruptcy, reorganization or insolvency of Tenant or any successor or
assignee thereof, or by a disaffirmance or abandonment by a trustee of Tenant. If the Lease is rejected or disaffirmed by Tenant or Tenant’s trustee in bankruptcy pursuant to any bankruptcy law or any other law affecting creditor’s rights,
then Guarantor shall, and does hereby (without the necessity of any further agreement or act) assume all obligations and liabilities of Tenant under the Lease to the same extent as if: (a) Guarantor were originally named Tenant under the Lease;
and (b) there had been no such rejection or dissafirmance. Guarantor shall, upon Landlord’s request, promptly confirm in writing such assumption. No limitation on the liability of Tenant under the Lease which may now or hereafter be
imposed by any federal, state or other statute, law or regulation applicable to such proceedings shall in any way limit the obligation of Guarantor hereunder, which obligation is co-extensive with Tenant’s liability set forth within the Lease
without regard to any such statutory or legal limitation. 
 5. Waiver. Guarantor has been advised of and hereby waives and agrees not
to assert or take advantage of any of the following rights: (a) presentment, demand for payment, and protest of non-performance under the Lease; (b) notice of any kind, including but not limited to notice of acceptance, notice of default
and/or notice of any obligations or liabilities contracted or incurred by Tenant; (c) any right to require Landlord to enforce its rights and remedies against Tenant under the Lease or otherwise; (d) any right to require Landlord to
proceed against any security held from Tenant or any other penalty; (e) any and all right of subrogation; (f) any defense that may arise by reason of the incapacity, lack of authority, death or disability of any other person or persons or
the failure of Landlord to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any other person or persons; (g) any defense based upon an election of remedies by Landlord; (h) any
invalidity, irregularity or unenforceability, in whole or in part, of any one or more provisions of the Lease; and (i) any defense based upon Sections 49-25 and/or 49-26 of the Code of Virginia (1950), as amended. 
 6. Joint and Several Liability. Guarantor’s liability shall be primary and joint and several with that of Tenant, notwithstanding the fact
that Guarantor has had no prior notice of any default or of any forbearance or extension. Landlord may proceed against Guarantor under this Guaranty without initiating or exhausting any legal remedy against Tenant and may proceed against Tenant and
Guarantor separately or concurrently. This is a guaranty of payment and not of collection. 
 7. Assignment by Landlord. Landlord may,
without notice, assign this Guaranty in whole or in part and no assignment or transfer of the Lease shall operate to extinguish or diminish the liability of the Guarantor hereunder. 
 8. Tenant’s Affiliates. Landlord may enter into leases with Affiliates of Tenant. As an inducement to Landlord entering into leases with
Tenant’s Affiliates: (a) Guarantor hereby unconditionally and irrevocably subordinates all payments due or to become due by Tenant by reason of any and all debts and other obligations, including the obligation to pay salaries or other
compensation, and (b) Guarantor, Tenant and Tenant’s Affiliates shall not receive or collect any payments, dividends, disbursements, distributions, contributions or any other sums from Tenant or Tenant’s Affiliates at any time after
an Event of Default has occurred under the Lease or any other lease between Landlord and: (i) Tenant; (ii) any Affiliate of Tenant; (iii) Guarantor; or (iv) any Affiliate of Guarantor. 
 9. Representations, Warranties and Covenants. Guarantor hereby represents, warrants and covenants to Landlord as follows: 
 (a) Change in Financial Condition. The financial statements of Guarantor, and the notes related thereto, included in the Form
10K for the fiscal year ended             ,          and 10Q for the quarter ended
            ,         , present fairly the consolidated financial condition of Guarantor as of the dates indicated and the results of the operations
and changes in consolidated cash flows for the periods specified; such financial statements have been prepared in conformity with generally accepted accounting principles applied on a consistent basis; and as of the date of this Guaranty, there has
occurred no material adverse change in the financial condition of Guarantor since the date of such financial statements. 
  

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 (b) Proceedings. There is no action, suit, litigation or proceeding pending or, to the knowledge
of Guarantor, threatened against the Tenants, Guarantor, or the Premises that could reasonably be expected to have a material adverse effect on the financial condition of Guarantor or its ability to execute or deliver, or perform its obligations
under, this Guaranty. 
 (c) Financial Statements. Guarantor shall provide Landlord and any mortgagee (as defined in the
Lease), at the times set forth herein (or more often as may be reasonably requested by Landlord), the following financial information during the Lease Term (as defined in the Lease); (i) within forty-five (45) days after the end of each
fiscal quarter, Guarantor-prepared year-to-date financial statements of Guarantor, prepared in accordance with generally accepted accounting principles (“GAAP”) consistently applied (the “Quarterly Statements”); and
(ii) within ninety (90) days after the end of each fiscal year of Guarantor, annual financial statements prepared in accordance with GAAP, consistently applied, audited or reviewed by an independent certified public accountant (the
“Annual Statements”). 
 (d) EBTDAR to Rent Ratio Certification. Guarantor shall provide
to Landlord, within forty-five (45) days after the end of each fiscal quarter, a written calculation, prepared by Guarantor and certified by Guarantor’s chief financial officer, evidencing that Guarantor shall have maintained a EBTDAR to
Rent Ratio, during the past four (4) calendar quarters taken as a whole, of no less than 1.5 to 1.0, based on the Quarterly Statements and Annual Statements delivered to Landlord pursuant to Section 9.1(c) above. For purposes of this
Guaranty, “EBTDAR Ratio” shall mean the quotient of (i) the sum of Guarantor’s net income (computed in accordance with GAAP, consistently applied) plus (A) income taxes, (B) all rent payable under all leases for
real property and improvements that Guarantor has agreed to guarantee (“Aggregate Rent Obligations”), (C) depreciation and amortization, (D) the annual LIFO adjustment, and (E) other non-cash expenses, less
recurring capital expenditures and principal payments under long-term debt, divided by (ii) the Aggregate Rent Obligations. Guarantor shall provide to Landlord, within ten (10) days after request, all evidence reasonably requested
supporting the EBTDAR to Rent Ratio calculations delivered to Landlord. 
 (e) Liquidity Ratio Certification. Guarantor
shall provide to Landlord within forty-five (45) days after the end of each fiscal quarter, a written calculation, prepared by Guarantor and certified by Guarantor’s chief financial officer, evidencing that Guarantor shall have maintained
a Liquidity Ratio during the past four (4) calendar quarters taken as a whole, of no less than 1.25 to 1.00, based on the Quarterly Statements and Annual Statements delivered to Landlord pursuant to Section 9.1(c) above. For purposes of
this Guaranty, “Liquidity Ratio” shall mean the ratio of current assets to current liabilities, both computed in accordance with GAAP, consistently applied, except that current liabilities shall mean all current liabilities,
including all floorplan borrowings, but excluding other indebtedness under short-term bridge facilities and revolving credit agreements. 
 10. Miscellaneous 
 (a) No Waiver;. All of Landlord’s rights and remedies under the Lease and under this
Guaranty are intended to be distinct, separate and cumulative and no such right and remedy therein or herein mentioned is intended to be in exclusion of or a waiver of any of the others. The failure of Landlord to enforce any of the respective
rights or remedies hereunder, or to promptly enforce any such rights or remedies, shall not constitute a waiver thereof nor give rise to any estoppel against Landlord nor excuse any of the parties hereto from their respective obligations hereunder.
Any waiver of such right or remedy must be in writing and signed by the party to be bound and must expressly state that such right or remedy has been or thereby is waived. 
 (b) Authority. Guarantor represents and warrants to Landlord that: (i) the execution and delivery of this Guaranty has been duly authorized
by the Board of Directors of Guarantor and constitutes Guarantor’s valid and legally binding agreement in accordance with its terms; (ii) the making of this Guaranty does not require any vote or consent of shareholders of Guarantor; and
(iii) Tenant is an indirect, wholly owned subsidiary of Guarantor. Guarantor hereby acknowledges and agrees that the Leases to Tenant is a direct material benefit to Guarantor, and that Landlord would not enter into the Lease without the
benefit of this Guaranty. 
 (c) Successors and Assigns. This Guaranty shall be legally binding upon Guarantor and its
successors and assigns (but in the event of an assignment, Guarantor shall not be relieved of its obligations hereunder) and shall 

  

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inure to the benefit of Landlord and its successors and assigns. Guarantor hereby waives any acceptance of this Guaranty by Landlord and this Guaranty shall
immediately be binding upon Guarantor. 
 (d) Governing Law. This Guaranty shall be governed by the laws of the Commonwealth of
Virginia without regard to conflicts of laws principles thereof. 
 (e) Reasonable Attorney’s Fees. As used herein,
the term “Reasonable Attorney’s Fees” shall mean reasonable attorney’s fees actually incurred (based on the actual number of hours worked by outside legal counsel and paralegals multiplied by their usual and customary
hourly rates then in effect) and actual out-of-pocket legal expenses. 
 (f) Invalidity. The invalidity or unenforceability of any
term herein shall not affect the validity or enforceability of any other term. 
 (g) Waiver of Jury Trial. TO
THE EXTENT ALLOWED BY APPLICABLE LAW, GUARANTOR AND LANDLORD HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER OF THEM OR THEIR HEIRS, PERSONAL REPRESENTATIVES, SUCCESSORS OR ASSIGNS MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY
LITIGATION ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY.
THIS PROVISION IS A MATERIAL INDUCEMENT TO LANDLORD’S ACCEPTING THIS GUARANTY. 
 (h) Terms. All capitalized terms used but not
defined herein shall have the meaning designated to them in the Lease unless otherwise set forth herein. 
 (i) Survival. This
Agreement shall be deemed to be continuing in nature and shall remain in full force and effect and shall survive the exercise of any remedy by Landlord under the Lease. 
 (j) No Subrogation; No Recourse Against Landlord. Notwithstanding the satisfaction by Guarantor of any liability hereunder, Guarantor’s rights of subrogation,
contribution, reimbursement or indemnity, if any, or any right of recourse to or with respect to the assets or property of Tenant, shall be subject and subordinate to the rights of Landlord. Guarantor expressly agrees not to exercise any and all
rights of subrogation against Landlord. 
 (k) Amendment; Severability. Any amendments or modifications to this Guaranty, in
order to be effective, shall be in writing and executed by Landlord and Guarantor. A determination that any provision of this Guaranty is unenforceable or invalid shall not affect the enforceability or validity of any other provision, and any
determination that the application of any provision of this Guaranty to any person or circumstance is illegal or unenforceable shall not affect the enforceability or validity of such provision as it may apply to any other persons or circumstances.

 (l) Notice. All notices, demands, requests or other communications to be sent by one party to the other hereunder or required by
law shall be in writing and shall be deemed to have been validly given or served by delivery of the same in person to the intended addressee, or certified mail or by depositing the same with Federal Express or another reputable private courier
service for next business day delivery to the intended addressee at its address set forth in the last section of this Agreement or at such other address as may be designated by such party as herein provided. All notices, demands and requests shall
be effective upon such personal delivery, or one (1) business day after being deposited with the private courier service, or two (2) business days after being deposited in the United States mail as required above. Rejection or other
refusal to accept or the inability to deliver because of changed address of which no notice was given as herein required shall be deemed to be receipt of notice, demand, or request sent. By giving to the other party hereto at least seven
(7) days’ prior written notice thereof in accordance with the provisions hereof, each party shall have the right from time to time to change their respective addresses and each shall have the right to specify as its address any other
address within the United States of America. The following addresses shall be used for notice purposes: 
  

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		 		 	If to Landlord:	 	c/o Capital Automotive REIT
				
		 		 	with a copy to:	 	
				
		 		 	If to Guarantor:	 	Sonic Automotive, Inc.
		 		 		 	5401 E. Independence Blvd.
		 		 		 	Charlotte, North Carolina 28212
		 		 		 	Attn:
		 		 		 	Facsimile:

 (m) Captions for Convenience. The captions and headings of the section and
paragraphs of this Guaranty are for the convenience of reference only and shall not be construed in interpreting the provisions hereof. 
 (n) Successive Actions. Separate and successive actions may be brought hereunder to enforce any of the provisions hereof at any time and from time to time. No action hereunder shall preclude any subsequent action, and
Guarantor, hereby waives any covenants to the maximum extent permitted by law not to assert any defense in the nature of splitting of causes of action or merger of judgments. 
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 IN WITNESS WHEREOF, Guarantor, intending to be legally bound hereby, has caused this Guaranty to be
executed, sealed and delivered the date first written above. 
  

									
	ATTEST:	 		 	GUARANTOR:
				
		 		 		 	SONIC AUTOMOTIVE, INC.
		 		 		 	a Delaware corporation
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Its:	 	  
	 		 	Its:	 	  

				
		 		 		 	Address:
				
		 		 		 	5401 E. Independence Blvd.
		 		 		 	Charlotte, NC 28212
				
		 		 		 	Attn:

  

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 SCHEDULE 14d 
 TO 
 LEASE AGREEMENT 
 SUBLEASES, CONCESSIONS, AGREEMENTS OR LICENSE AGREEMENTS 
 Schedule 14d –
Page 1 
  

 - 7 -Amendment to Guaranty and Subordination Agreements

 Exhibit 10.40 
 AMENDMENT TO GUARANTY 
 AND SUBORDINATION AGREEMENTS 
 THIS AMENDMENT TO GUARANTY AND SUBORDINATION AGREEMENTS (this “Amendment”) is made and entered into effective as of
January 1, 2005, by and between Capital Automotive L.P., a Delaware limited partnership, and its related affiliates referenced in the attached Schedule A (“collectively, Landlord”), and Sonic Automotive, Inc., a Delaware
corporation (“Guarantor”). 
 RECITALS: 
 A.        Landlord, as landlord, and certain affiliates of Guarantor, as tenants, are parties to certain Lease Agreements, as amended, that are more
particularly described in Schedule A attached hereto (the “Leases”). 
 B.        As a material inducement for Landlord to enter into the Leases, Guarantor executed certain corresponding Guaranty and Subordination Agreements (collectively referred to herein as the
“Guaranties” or each individually as the “Guaranty”), also described on Schedule A, pursuant to which Guarantor guaranteed performance of all obligations of Tenants under the Leases, including but not limited to payment of rent
and all other payments required under each Lease, for the benefit of Landlord. 
 C.        In each Guaranty, there are certain representations and warranties that the Guarantor makes to the Landlord. The Guarantor requested, and the Landlord agreed to amend the Guaranties to make
certain modifications to certain financial covenants contained therein, upon the terms and conditions and as more particularly set forth herein below. 
 D.        Capitalized terms not defined herein shall have the meanings attributed to such terms in the Guaranty. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein below and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, Guarantor and Landlord, intending legally to be bound, hereby agree as follows: 
 1.    Representations, Warranties and Covenants. Section 9(e) of each of the Guaranties is hereby amended
by deleting Section 9(e), the “Liquidity Ratio Certification” in its entirety, and substituting in lieu thereof a new Section 9(e), the “Fixed Charge Coverage Ratio” as follows: 
 “(e)    Fixed Charge Coverage Ratio. (a) Guarantor shall provide to Landlord within
forty-five days after the end of each fiscal quarter, a written calculation, prepared by Guarantor and certified by Guarantor’s chief financial officer, evidencing that Guarantor has maintained a Fixed Charge Coverage Ratio of at least 1.25:1
during the past four calendar 

 
quarters determined as set for below and, taken as a whole, based on the Quarterly Statements and Annual Statements delivered to Landlord pursuant to
Section 9.1(c) above. For purposes of this Guaranty, “Fixed Charge Coverage Ratio” shall mean the ratio of (i) EBITDAR less capital expenditures, to (ii) the sum of (a) Interest Expense plus (b) scheduled
amortization of the principle portion of all Indebtedness for money borrowed plus (c) Rentals plus (d) taxes paid in cash during such period by the Guarantor (including its consolidated Subsidiaries). In each case, the Fixed Charge Coverage
Ratio shall be determined as of the last day of each fiscal quarter for the four quarter period ending on such day. 
 For
purposes of the foregoing the following definitions shall apply: 
 “Capitalized Lease” of a Person means any
lease of property by such Person as lessee, which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP. 
 “Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which would be capitalized on a balance sheet of such Person prepared in
accordance with GAAP. 
 “Construction Mortgage Line” means that certain credit facility made available by
Toyota Motor Credit Corporation pursuant to that certain Master Loan Agreement dated December 31, 2002 among Toyota Motor Credit Corporation, Guarantor and certain Subsidiaries of Guarantor, as amended, modified, extended or restated and all
substitutes and replacements therefor. 
 “Contingent Obligation”, as applied to any Person, means any
contractual obligation, contingent or otherwise, of that Person with respect to any Indebtedness of another or other obligation or liability of another, including, without limitation, any such Indebtedness, obligation or liability of another
directly or indirectly guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), co-made or discounted or sold with recourse by that Person, or in respect of which that Person is otherwise directly or
indirectly liable, including contractual obligations (contingent or otherwise) arising through any agreement to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any security therefor, or to provide funds for
the payment or discharge thereof (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, or other financial condition, or to make payment other than for value
received. 
 “EBITDAR” shall mean, for any period, on a consolidated basis for Guarantor, the sum of the
amounts for such period, without duplication, of: 
  

	 	(i)	 Net Income; plus 

  

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	 	(ii)	 Interest Expenses, to the extent deducted in computing Net Income; plus 

  

	 	(iii)	 Charges against income for foreign, federal, state and local taxes, to the extent deducted in computing Net Income; plus 

  

	 	(iv)	 Depreciation expense, to the extent deducted in computing Net Income; plus 

  

	 	(v)	 Amortization expense, including, without limitation, amortization of goodwill, other intangible assets and transaction costs, to the extent deducted in computing
Net Income; plus 

  

	 	(vi)	 Other non-cash charges classified as long-term deferrals in accordance with GAAP, to the extent deducted in computing Net Income; plus

  

	 	(vii)	 Rentals, to the extent deducted in computing Net Income; 

 minus 
 (i) Extraordinary gains (and any non-recurring
unusual gains arising outside the ordinary course of business and not included in extraordinary gains), in accordance with GAAP. 
 “Indebtedness” of any Person shall mean, without duplication, such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of property or services (other than
accounts payable arising in the ordinary course of such Person’s business payable on the terms customary in trade), (iii) obligations, whether or not assumed, secured by liens or payable out of the proceeds or production from property or
assets now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances or other instruments, (v) Capitalized Lease Obligations, (vi) reimbursement obligations with respect to letters of credit
(other than commercial letters of credit) issued for the account of such Person, (vii) Off Balance Sheet Liabilities, (viii) the Construction Mortgage Line, (ix) Contingent Obligations in respect of obligations of another Person of
any type described in the foregoing clauses (i) through (viii). The amount of Indebtedness of any Person at any date shall be without duplication (a) the outstanding balance at such date of all unconditional obligations as described above
and the maximum liability of any such Contingent Obligations at such date and (b) in the case of Indebtedness of others secured by a lien to which the property or assets owned or held by such Person is subject, the lesser of the fair market
value at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of the Indebtedness secured. 
 “Interest Expense” shall mean, for any period, the total interest expense of the Guarantor and its consolidated Subsidiaries, whether paid or accrued (including the interest component of Capitalized Leases, commitment and

  

 3 

 
letter of credit fees), but excluding Interest Expense not payable in cash (including amortization of discount). 
 “Net Income” means, for any period, the net earnings (or loss) after taxes of the Guarantor and its Subsidiaries on a
consolidated basis for such period taken as a single accounting period determined in conformity with GAAP. 
 “Off
Balance Sheet Liabilities” of a Person means (i) any repurchase obligation or liability of such Person or any of its Subsidiaries with respect to accounts or notes receivable sold by such Person or any of its Subsidiaries,
(ii) any liability under any sale and leaseback transactions which do not create a liability on the consolidated balance sheet of such Person, (iii) any liability under any financing lease or so-called “synthetic” lease
transaction, or (iv) any obligations arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheets of such Person
and its Subsidiaries. 
 “Person” means any individual, corporation, firm, enterprise, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company, limited liability company or other entity of any kind, or any government or political subdivision or any agency, department or instrumentality thereof.
“Rentals” of a Person shall mean the aggregate fixed amounts payable by such Person under any lease of real or personal property but does not include any amounts payable under Capitalized Leases of such Person. 
 “Rentals” of a Person shall mean the aggregate fixed amounts payable by such Person under any lease of real or personal
property but does not include any amounts payable under Capitalized Leases of such Person. 
 “Subsidiary” of
a Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by
such Person and one or more of its Subsidiaries, or (ii) any partnership, association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned
or controlled. Unless otherwise expressly provided, all references herein to a “Subsidiary” shall mean a Subsidiary of the Guarantor.” 
 2. Ratification. Except as otherwise expressly modified by the terms of this Amendment, each Guaranty shall remain unchanged and continue in full force and effect. All terms, covenants and conditions of each
Guaranty not expressly modified herein are hereby confirmed and ratified and remain in full force and effect, and, as were amended hereby, constitute valid and binding obligations of Guarantor enforceable according to the terms thereof. 

 

 4 

 3. Authority. Guarantor hereby covenants and warrants that: (i) the Guarantor
is duly organized, validly existing and in good standing under the laws of the State of its organization, (ii) Guarantor has full right and authority to enter into this Amendment, and (iii) the persons signing on behalf of Guarantor is
authorized to do so on behalf of each such entity. 
 4. Binding Effect. All of the covenants contained in this
Amendment, including, but not limited to, all covenants of the Guaranty as modified hereby, shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives and permitted successors and
assigns. 
 5. Effectiveness. The submission of this Amendment shall not constitute an offer, and this Amendment shall
not be effective and binding, unless and until fully executed and delivered by each of the parties hereto. 
 6.
Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be an original, but all of which shall constitute one and the same Amendment. 
 7. Recitals. The foregoing recitals are intended to be a material part of this Amendment and are incorporated herein by this reference. 
 IN WITNESS WHEREOF, Guarantor has executed this Amendment as of the date first above written, and Landlord acknowledges and consents to
this Amendment. 
  

							
	 WITNESS
	 		 	GUARANTOR:
			
		 		 	 SONIC AUTOMOTIVE, INC.,

		 		 	 a Delaware corporation

				
	 /s/ Michael Dickerson
	 		 	 By:
	 	 /s/ Lee Wyatt

		 		 	 Name:
	 	  

		 		 	 Title:
	 	  

  

					
	LANDLORD:
	
	 CAPITAL AUTOMOTIVE L.P.,
 a Delaware Limited Partnership

		
	 By:        
	 	 Capital Automotive REIT, its
 General partner

			
		 	 By:
	 	 /s/ David S. Kay

		 	 Name:
	 	 David S. Kay

		 	 Title:
	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 5 

							
	CARS-DB4, L.P.
	 a Delaware Limited Partnership

		
	 By:    
	 	 CARS DBSPE4, INC.,

		 	 its general partner

			
		 	 By:
	 	 /s/ David S. Kay

		 	 Name:
	 	 David S. Kay

		 	 Title:
	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	CAR FAA II L.L.C.
	 a Delaware limited liability company

		
	 By:
	 	 CAPITAL AUTOMOTIVE L.P., a

		 	 Delaware Limited Partnership

			
		 	 By:
	 	 Capital Automotive REIT, a
 Maryland Real Estate Investment Trust
 Its:  General Partner

				
		 		 	 By:
	 	 /s/ David S. Kay

		 		 	 Name:
	 	 David S. Kay

		 		 	 Title:
	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	CARS CNI-2 L.P.
	 a Delaware Limited Partnership

		
	 By:
	 	 CARS CNISPE-2 INC.,

		 	 its general partner

			
		 	 By:
	 	 /s/ David S. Kay

		 	 Name:
	 	 David S. Kay

		 	 Its:
	 	 Senior Vice President,
 Chief
Financial Officer & Treasurer

  

 6 

									
	CAR 1 MOM L.P.
	 a Delaware Limited Partnership

		
	 By:    
	 	 CAR MOM INC.

		 	 its general partner

			
		 	 By:
	 	 /s/ David S. Kay

		 	 Name:
	 	 David S. Kay

		 	 Title:
	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	CAR 2 MOM L.P.
	 a Delaware Limited Partnership

		
	 By:
	 	 CAR MOM INC.

		 	 its general partner

			
		 	 By:
	 	 /s/ David S. Kay

		 	 Name:
	 	 David S. Kay

		 	 Title:
	 	 Senior Vice President,
 Chief
Financial Officer & Treasurer

	
	MMR HOLDINGS, L.L.C.
	 a North Carolina limited liability company

		
	 By:
	 	 CAR MMR L.L.C., its manager
 its managing member

			
		 	 By:
	 	 Capital Automotive L.P.
 its general partner

				
		 		 	 By:    
	 	 Capital Automotive REIT, a
 Maryland Real Estate Investment Trust

		 		 		 	 Its:  General Partner

					
		 		 		 	 By:
	 	 /s/ David S. Kay

		 		 		 	 Name:
	 	 David S. Kay

		 		 		 	 Title:
	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 7 

									
	MMR VIKING INVESTMENT ASSOCIATES L.P.
	a North Carolina limited partnership
		
	By:    	 	CAR MMR L.L.C., its manager
			
		 	By:	 	 Capital Automotive L.P.
 its managing member

				
		 		 	By:    	 	 Capital Automotive REIT
 its general Partner

					
		 		 		 	By:	 	 /s/ David S. Kay

		 		 		 	Name:	 	 David S. Kay

		 		 		 	Title:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	MMR TENNESSEE, L.L.C.
	a North Carolina limited liability company
		
	By:	 	CAR MMR L.L.C., its manager
			
		 	By:	 	 Capital Automotive L.P.
 its managing member

				
		 		 	By:    	 	 Capital Automotive REIT
 its general Partner

					
		 		 		 	By:	 	 /s/ David S. Kay

		 		 		 	Name:	 	 David S. Kay

		 		 		 	Title:	 	 Senior Vice President,
 Chief Financial
Officer & Treasurer

	
	CAR SONFREE L.L.C.
	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P.,
		 	a Delaware Limited Partnership
			
		 	By:    	 	 Capital Automotive RElT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Title:	 	 Senior Vice President,
 Chief
Financial Officer & Treasurer

  

 8 

							
	CAR BSC L.L.C.
	a Delaware limited liability company
		
	By:    	 	CAPITAL AUTOMOTIVE L.P., a
		 	Delaware Limited Partnership
			
		 	By:	 	 Capital Automotive REIT, a
 Maryland Real Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Title:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 CAR SON CAP CHVY L.LC.

	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	Delaware Limited Partnership
			
		 	By:	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Its:	 	 Senior Vice President,
 Chief Financial
Officer & Treasurer

	
	  
 CAR SON NSV L.P.

	a Delaware Limited Partnership
		
	By:	 	CAR MOM INC.
		 	its general partner
			
		 	By:	 	 /s/ David S. Kay

		 	Name:	 	 David S. Kay

		 	Its:	 	 Senior Vice President,
 Chief
Financial Officer & Treasurer

  

 9 

							
	CAR SON BAY L.P.
	a Delaware Limited Partnership
		
	By:    	 	CAR MOM INC.
		 	its general partner
			
		 	By:	 	 /s/ David S. Kay

		 	Name:	 	 David S. Kay

		 	Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 SRE SOUTH CAROLINA-1,
L.L.C.

	 a South Carolina limited liability company

		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	Delaware Limited Partnership
			
		 	By:	 	 Capital Automotive REIT, a
 Maryland Real Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 CAR SON MAS L.P.

	a Delaware Limited Partnership
		
	By:	 	CAR MOM INC.
		 	its general partner
			
		 	By:	 	 /s/ David S. Kay

		 	Name:	 	 David S. Kay

		 	Its:	 	 Senior Vice President,
 Chief
Financial Officer & Treasurer

  

 10 

							
	CAR SON MAS TN L.L.C.
	a Delaware limited liability company
		
	By:    	 	CAPITAL AUTOMOTIVE L.P., a
		 	Delaware Limited Partnership
			
		 	By:    	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

							
	
	  
 CAR SON MAS GAR L.P.

	a Delaware Limited Partnership
		
	By:  	 	CAR MOM INC.
		 	its general partner
			
		 	  By:	 	 /s/ David S. Kay

		 	  Name:	 	 David S. Kay

		 	  Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 CAR SON NSV II L.P.

	a Delaware Limited Partnership
		
	By:	 	CAR MOM INC.
		 	its general partner
			
		 	  By:	 	 /s/ David S. Kay

		 	  Name:	 	 David S. Kay

		 	  Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	CAR SON PARR L.P.
	a Delaware Limited Partnership
		
	By:	 	CAR MOM INC.
		 	its general partner
			
		 	  By:	 	 /s/ David S. Kay

		 	  Name:	 	 David S. Kay

		 	  Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 11 

							
	CAR SON MCKNY II L.P.
	a Delaware Limited Partnership
		
	By: 	 	CAR MOM INC.
		 	its general partner
			
		 	    By:	 	 /s/ David S. Kay

		 	    Name:	 	 David S. Kay

		 	    Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

							
	
	  
 CAR SON IRON II L.L.C.

	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	  Delaware Limited Partnership
			
		 	    By:	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 CAR SON IRON L.L.C.

	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	  Delaware Limited Partnership
			
		 	    By:	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	By:	 	 /s/ David S. Kay

		 		 	Name:	 	 David S. Kay

		 		 	Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 12 

							
	CAR SON NEWSOME II L.L.C.
	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	  Delaware Limited Partnership
			
		 	  By:	 	 Capital Automotive REIT, a
 Maryland Real Estate Investment Trust
 Its:  General Partner

				
		 		 	    By:	 	 /s/ David S. Kay

		 		 	    Name:	 	 David S. Kay

		 		 	    Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

	
	  
 SRE MICHIGAN-2, L.L.C.

	a Michigan limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	  Delaware Limited Partnership
			
		 	  By:	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	    By:	 	 /s/ David S. Kay

		 		 	    Name:	 	 David S. Kay

		 		 	    Its:	 	 Senior Vice President,
 Chief Financial
Officer & Treasurer

							
	
	  
 CAR SON CHAR L.L.C.

	a Delaware limited liability company
		
	By:	 	CAPITAL AUTOMOTIVE L.P., a
		 	  Delaware Limited Partnership
			
		 	  By:	 	 Capital Automotive REIT, a
 Maryland Real
Estate Investment Trust
 Its:  General Partner

				
		 		 	    By:	 	 /s/ David S. Kay

		 		 	    Name:	 	 David S. Kay

		 		 	    Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 13 

					
	
	CAR SON STAR L.P.
	a Delaware Limited Partnership
		
	By:  	 	CAR MOM INC.
		 	its general partner
			
		 	    By:	 	 /s/ David S. Kay

		 	    Name:	 	 David S. Kay

		 	    Its:	 	 Senior Vice President,
 Chief Financial Officer & Treasurer

  

 14 

 Schedule A - Lease Agreements 
  

											
	 Landlord
	 	 Tenant
	 	 Property Name
	 	 Property ID
	 	Lease
Start Date	 	Date of
Guaranty
	CARS-DB4, L.P.	 	Sonic - Denver T, Inc.	 	Douglas Motors	 	CRO-002	 	3/31/1998	 	3/17/2003
	CAR FAA II L.L.C.	 	First America Automotive, Inc.	 	First America - San Rafael	 	FIR-002	 	1/15/1999	 	12/19/2000
	CARS-DB4, L.P.	 	First America Automotive, Inc.	 	Kramer Honda Volvo	 	FIR-003 & 004	 	11/10/1999	 	1/31/2000
	CARS CN1-2 L.P.	 	Momentum Motor Cars, Ltd.	 	Momentum Jaguar/Porsche/Saab	 	MOM-001	 	9/1/1998	 	4/16/2004
	CARS CN1-2 L.P.	 	Sonic Momentum B, L.P.	 	Momentum BMW	 	MOM-002	 	12/4/1998	 	7/1/2004
	CARS CN1-2 L.P.	 	Sonic Momentum B, L.P.	 	Momentum Paint & Body	 	MOM-004	 	9/1/1998	 	7/1/2004
	Capital Automotive LP	 	Memorial Motorcars, Ltd.	 	Performance Land Rover	 	MOM-006	 	5/17/1999	 	4/16/2004
	CAR 1 MOM, L.P.	 	SRE Texas-7, L.P.	 	Momentum/Advantage BMW	 	MOM-007	 	7/27/2000	 	7/1/2004
	CAR 2 MOM, L.P.	 	Richmond Lease Holdings, LLC	 	Momentum Audi	 	MOM-010	 	7/10/2002	 	4/16/2004
	CAR 2 MOM, L.P.	 	Memorial Motorcars, Ltd.	 	Advantage Volkswagen Northwest	 	MOM-011	 	6/28/2002	 	8/5/2003
	CARS-DB4, L.P.	 	Motorcars of Clear Lake, L.P.	 	Clear Lake VW	 	MOM-012	 	10/10/2002	 	8/5/2003
	CARS-DB4, L.P.	 	Sonic Automotive, Inc.	 	Clearwater Toyota	 	SON-001 & 002	 	9/18/1998	 	7/31/2002
	MMR Holdings, LLC	 	Town & Country Ford, Inc.	 	Town & Country Ford (Parcel 1)	 	SON-003	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Town & Country Ford, Inc.	 	Town & Country Ford (Parcel 2, Chartown Site)	 	SON-004	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Marcus David Corporation, Inc.	 	Town & Country Toyota	 	SON-005	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-9103 E. Independence, NC, LLC	 	Infiniti of Charlotte	 	SON-006	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Frontier Oldsmobile-Cadillac, Inc.	 	Fitzgerald Chevrolet (aka Freedom Chevrolet)	 	SON-011	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-4000 W. Broad Street, Columbus, Inc.	 	Westside Dodge	 	SON-012	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1500 Auto Mall Drive, Columbus, Inc.	 	Toyota West	 	SON-013	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1400 Auto Mall Drive, Columbus, Inc.	 	Hatfield Hyundai	 	SON-014	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1495 Auto Mall Drive, Columbus, Inc.	 	Hatfield Lincoln Mercury	 	SON-015	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1455 Auto Mall Drive, Columbus, Inc.	 	Hatfield VW-Jeep-Eagle West	 	SON-016	 	8/13/1999	 	8/13/1999
	MMR Viking Investment Associates, LP	 	Sonic Automotive-5221 I-10 East, Texas, L.P.	 	Ron Craft Chrysler-Plymouth Jeep (Cass Chrysler)	 	SON-017	 	8/13/1999	 	8/13/1999
	MMR Viking Investment Associates, LP	 	Sonic-Reading, LP	 	Reading Buick, Pontiac, GMC, Toyota	 	SON-018	 	8/13/1999	 	8/13/1999
	MMR Viking Investment Associates, LP	 	Sonic-Lute Riley, LP	 	Lute Riley Honda	 	SON-019	 	8/13/1999	 	8/13/1999
	MMR Viking Investment Associates, LP	 	Sonic Automotive of Texas, LP	 	Lone Star Ford	 	SON-020	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1720 Mason Ave., DB, Inc.	 	Higginbothom Mercedes	 	SON-023	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive Bondesen, Inc.	 	Fred Bondesen Chevy-Olds-Cadillac	 	SON-024	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-1919 N. Dixie Highway, NSB, Inc.	 	Higginbothom Chevy-Olds	 	SON-028	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-3741 S. Nova Rd., PO, Inc.	 	HMC Finance Office Building	 	SON-029	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-Shottenkirk, Inc.	 	Shottenkirk Honda and Pensacola Raw Land Parcel	 	SON-030 & 069	 	9/1/1999	 	9/1/1999
	MMR Holdings, LLC	 	Sonic 5260 Peachtree Industrial Blvd, LLC	 	Dyer & Dyer Volvo 2	 	SON-031	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-Global Imports, LP	 	Global BMW	 	SON-032	 	8/13/1999	 	8/13/1999
	MMR Tennessee, LLC	 	Sonic Automotive Chattanooga, LLC	 	BMW-Volvo of Chattanooga	 	SON-035	 	8/13/1999	 	8/13/1999
	MMR Tennessee, LLC	 	Sonic Automotive-6025 International Drive, LLC	 	Kia-Volkswagon of Chattanooga	 	SON-036	 	8/13/1999	 	8/13/1999
	MMR Tennessee, LLC	 	Sonic 2490 South Lee Hwy, LLC	 	Cleveland Village Honda	 	SON-040	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-North Charleston, Inc.	 	North Charleston Lincoln-Mercury Hyundai	 	SON-048	 	8/17/1999	 	8/17/1999
	MMR Holdings, LLC	 	Sonic Automotive 2752 Laurens Road, Greenville, Inc.	 	Century BMW-Greenville	 	SON-049	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-Newsome Chevrolet World, Inc.	 	Newsome Chevrolet World	 	SON-050	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-Newsome of Florence, Inc.	 	Newsome Automotive (BMW, Mercedes)	 	SON-051	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Fort Mill Ford, Inc.	 	Fort Mill Ford	 	SON-052	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic Automotive-2424 Laurens Road, Greenville, Inc.	 	Heritage Lincoln-Mercury	 	SON-054	 	8/13/1999	 	8/13/1999
	MMR Holdings, LLC	 	Sonic-Manhattan Fairfax, Inc.	 	Manhattan BMW of Fairfax	 	SON-055 & 056	 	8/13/1999	 	8/13/1999
	CAR SONFREE, LLC	 	Sonic-FM Automotive, LLC, Sonic FM, Inc., Sonic Freeland, Inc, Sonic-FM Nissan, Inc.	 	Freeland Auto Park	 	SON-062,63,64,68	 	11/4/1999	 	11/14/1999
	CAR BSC, L.L.C.	 	Sonic-Montgomery FLM, Inc.	 	Blount Strange Ford Lincoln Mercury	 	SON-065	 	3/3/2000	 	3/3/2000
	CAR BSC, L.L.C.	 	Cobb Pontiac Cadillac, Inc.	 	Cobb Pontiac Cadillac	 	SON-066	 	3/3/2000	 	3/3/2000
	CAR SONFREE, LLC	 	Sonic-FM Automotive, LLC; Sonic-FM, Inc.; Sonic-Freeland, Inc. and Sonic-FM Nissan, Inc.	 	Fort Myers Raw Land (Freeland Honda Parking Lot)	 	SON-062	 	9/30/2000	 	11/4/1999
	MMR Holdings, LLC	 	Sonic-Shottenkirk, Inc.	 	Pensacola Raw Land Parcel (Shottenkirk Honda Lot)	 	SEE SON-030	 	9/30/2000	 	9/1/1999
	CAR SON CAP CHVY L.L.C.	 	SRE Alabama-1, LLC	 	Capital Chevrolet	 	SON-070	 	9/28/2000	 	9/28/2000
	CAR SON NSV, L.P.	 	Sonic-Carrollton V, L.P.	 	Volvo of Dallas	 	SON-071	 	10/8/2000	 	10/8/2000
	CAR SON BAY L.P.	 	Sonic Automotive-3401 N. Main, TX, L.P.	 	Ron Craft Chevrolet-Cadillac/Baytown Ford	 	SON-072	 	12/19/2000	 	12/19/2000
	SRE SOUTH CAROLINA-1, LLC	 	Town & Country Chrsler-Plymouth-Jeep of Rock Hill, Inc.	 	Fort Mill Ford, Inc./Fort Mill Chrysler Jeep, Inc.	 	SON-073	 	12/19/2000	 	12/19/2000
	CARS-DB4, L.P.	 	Sonic-Fort Worth T, L.P.	 	McKinney Toyota	 	SON-074	 	1/23/2001	 	1/22/2001

											
	CARS CN1-2 L.P.	 	Sonic - West Reno Chevrolet, Inc.	 	City Chevrolet	 	SON-075	 	10/16/2001	 	10/16/2001
	CARS-DB4, L.P.	 	Lawrence Marshall Chevrolet, L.P.	 	Lone Star Chevrolet	 	SON-076	 	10/31/2001	 	10/29/2001
	CAR SON MAS L.P.	 	Sonic-Plymouth Cadillac, Inc.	 	Don Massey Cadillac	 	SON-077	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Sonic-Capitol Cadillac, Inc.	 	Capitol Cadillac	 	SON-078	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Sonic-Englewood M, Inc.	 	Don Massey Used Car Center & Body Shop	 	SON-079	 	3/29/2002	 	3/29/2002
	CAR SON MAS TN L.L.C.	 	Sonic-Crest Cadillac, LLC	 	Crest Cadillac	 	SON-080	 	3/29/2002	 	3/29/2002
	CAR SON MAS TN L.L.C.	 	Sonic-Crest H, LLC	 	Crest Honda World	 	SON-081	 	5/20/2002	 	5/20/2002
	CAR SON MAS L.P.	 	Sonic-North Cadillac, Inc.	 	Massey Cadillac	 	SON-082	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Sonic-North Cadillac, Inc.	 	Massey Cadillac (Satellite)	 	SON-083	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Sonic-Sanford Cadillac, Inc.	 	Massey Cadillac Olds	 	SON-084	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Massey Cadillac, Inc.	 	Massey Cadillac	 	SON-085	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Massey Cadillac, Inc.	 	Massey Cadillac Body Shop	 	SON-086	 	3/29/2002	 	3/29/2002
	CAR SON MAS L.P.	 	Arngar, Inc.	 	Arnold Palmer Cadillac	 	SON-087	 	3/29/2002	 	3/29/2002
	CAR SON MAS GAR, L.P.	 	Sonic-Cadillac D, L.P.	 	Massey Cadillac	 	SON-088	 	6/28/2002	 	6/28/2002
	CARS CN1-2 L.P.	 	FAA Las Vegas H, Inc.	 	Honda West	 	SON-089	 	3/29/2002	 	3/29/2002
	CAR SON NSV II, L.P.	 	Sonic-Houston V, L.P.	 	Volvo of Houston & Volvo Body Shop	 	SON-090 & 091	 	3/29/2002	 	3/29/2002
	CAR SON PARR L.P.	 	Sonic-Frank Parra Autoplex, L.P.	 	Parra Autoplex	 	SON-092, 093, 094	 	7/3/2002	 	7/2/2002
	CARS CN1-2 L.P.	 	Sonic-Calabasas A, Inc.	 	Acura 101 West	 	SON-095	 	7/16/2002	 	7/15/2002
	CAR SON MCKNY II L.P.	 	Sonic-Fort Worth T, L.P.	 	McKinney Toyota New	 	SON-096	 	12/23/2002	 	12/23/2002
	CAR SON IRON II L.L.C.	 	Sonic-Williams Buick, Inc.	 	Tom Williams Collision Center	 	SON-097	 	9/16/2003	 	9/18/2003
	CAR SON IRON L.L.C.	 	Sonic Development, LLC	 	Tom Williams Auto Mall	 	SON-098	 	9/30/2003	 	9/30/2003
	CAR SON NEWSOME II L.L.C.	 	Sonic - Newsome Chevrolet World, Inc.	 	Capitol Chevrolet	 	SON-099	 	12/23/2003	 	12/23/2003
	SRE Michigan—2, LLC	 	Sonic - Ann Arbor Imports, Inc.	 	BMW of Ann Arbor	 	SON-100	 	6/28/2004	 	6/28/2004
	CAR SON CHAR L.L.C.	 	Sonic Automotive	 	Infiniti of Charlotte Parking Lot	 	SON-101	 	12/30/2004	 	12/30/2004
	CAR SON STAR L.P.	 	Sonic - LS Chevrolet, L.P.	 	Lonetree Chevrolet Parking Lot	 	SON-102	 	12/30/2004	 	12/30/2004

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]