Document:

Exhibit
10.6

EXECUTION COPY

AMENDMENT TO CONFIRMATION

THIS
AMENDMENT (this “Amendment”) is made as of this 13th
day of March 2007, between Goldman, Sachs & Co. (“Dealer”)
and Asbury Automotive Group, Inc. (“Issuer”).

WHEREAS,
Dealer and Issuer are parties to a Confirmation dated as of March 12, 2007 (the
“Confirmation”) relating to Warrants on
shares of common stock (par value USD0.01 per share) of Issuer;

WHEREAS,
the parties wish to amend the Confirmation on the terms and conditions set
forth in this Amendment;

NOW,
THEREFORE, in consideration of their mutual covenants herein contained, the
parties hereto agree as follows:

Section
1.  Terms Used but Not Defined
Herein.  Terms used but not
defined herein shall have the respective meanings given to them in the
Confirmation.

Section
2.  Amendment to the
Confirmation.

(a)                                  The
“Premium” under the Confirmation shall be USD3,569,600.

(b)                                 The
“Number of Warrants” under Annex A shall be 16,914 for Components 1 through 9,
16,915 for Components 10 through 79, and 16,915.20 for Component 80.

(c)                                  Section
8(e) of the Confirmation is amended by replacing the reference to “2,353,376”
with “2,706,383”.

Section
3. Representations and Warranties.

Issuer
represents and warrants to Dealer as follows:

(a)                                  On
the date of this Amendment, (A) Issuer is not aware of any material nonpublic
information regarding Issuer or the Shares and (B) all reports and documents filed
by Issuer with the Securities and Exchange Commission pursuant to the Exchange
Act when considered as a whole (with the more recent such reports and documents
deemed to supercede inconsistent statements contained in any earlier such
reports and documents) do not contain any untrue statement of a material fact
or any omission of a material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances in which they
were made, not misleading.

(b)                                 Issuer
is not entering into this Amendment to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for
Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in
violation of the Exchange Act.

(c)                                  The
representations and warranties of Issuer set forth in Section 3 of the
Agreement and Section 7 of the Confirmation are true and correct and are hereby
deemed to be repeated to Dealer as if set forth herein.

Section
4.  Effectiveness.  This Amendment shall become effective upon
execution by the parties hereto.

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

Section
6.  Governing Law.  This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

Section
7.  Effectiveness of
Confirmation.  Except as
amended hereby, all the terms of the Confirmation shall remain and continue in full
force and effect and are hereby confirmed in all respects.

 2

IN
WITNESS WHEREOF, the parties have signed this Amendment as of the date and year
first above written.

 

	
  

  	
  GOLDMAN, SACHS & CO.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Debra Tageldein

  	
   

  
	
   

  	
   

  	
  Name: Debra Tageldein

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed and accepted by:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ASBURY AUTOMOTIVE GROUP, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  	
   

  	
   

  
	
   

  	
  Name: J. Gordon Smith

  	
   

  	
   

  
	
   

  	
  Title: Chief Financial OfficerExhibit 10.7

EXECUTION COPY

AMENDMENT
TO CONFIRMATION

THIS AMENDMENT
(this “Amendment”) is made as of this 13th day
of March 2007, between Deutsche Bank AG, London Branch (“Dealer”)
and Asbury Automotive Group, Inc. (“Issuer”).

WHEREAS, Dealer
and Issuer are parties to a Confirmation dated as of March 12, 2007 (the “Confirmation”) relating to Warrants on shares of common
stock (par value USD0.01 per share) of Issuer;

WHEREAS, the
parties wish to amend the Confirmation on the terms and conditions set forth in
this Amendment;

NOW, THEREFORE, in
consideration of their mutual covenants herein contained, the parties hereto
agree as follows:

Section 1.  Terms Used but Not Defined
Herein.  Terms used but not
defined herein shall have the respective meanings given to them in the
Confirmation.

Section 2.  Amendment to the
Confirmation.

(a)                                  The
“Premium” under the Confirmation shall be USD5,354,400.

(b)                                 The
“Number of Warrants” under Annex A shall be 25,372 for Components 1 through 54,
25,373 for Components 55 through 79, and 25,373.8 for Component 80.

(c)                                  Section
8(e) of the Confirmation is amended by replacing the reference to “3,530,064”
with “4,059,574”.

Section 3. Representations and Warranties.

Issuer represents
and warrants to Dealer as follows:

(a)                                  On
the date of this Amendment, (A) Issuer is not aware of any material nonpublic
information regarding Issuer or the Shares and (B) all reports and documents filed
by Issuer with the Securities and Exchange Commission pursuant to the Exchange
Act when considered as a whole (with the more recent such reports and documents
deemed to supercede inconsistent statements contained in any earlier such
reports and documents) do not contain any untrue statement of a material fact
or any omission of a material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances in which they
were made, not misleading.

(b)                                 Issuer
is not entering into this Amendment to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for
Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in
violation of the Exchange Act.

(c)                                  The
representations and warranties of Issuer set forth in Section 3 of the
Agreement and Section 7 of the Confirmation are true and correct and are hereby
deemed to be repeated to Dealer as if set forth herein.

Section 4.  Effectiveness.  This Amendment shall become effective upon
execution by the parties hereto.

Section 5.  Counterparts.  This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if
all of the signatures thereto and hereto were upon the same instrument.

Section 6.  Governing Law.  This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

Section 7.  Effectiveness of
Confirmation.  Except as
amended hereby, all the terms of the Confirmation shall remain and continue in
full force and effect and are hereby confirmed in all respects.

 2

IN
WITNESS WHEREOF, the parties have signed this Amendment as of the date and year
first above written.

 

	
  

  	
  DEUTSCHE BANK AG, LONDON BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Lee Frankenfield, Managing Director

  	
   

  
	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Andrea Leung, Managing Director

  	
   

  
	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK AG, NEW YORK

  
	
   

  	
  acting solely as Agent in connection with this 

  
	
   

  	
  Transaction

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Lee Frankenfield, Managing Director

  	
   

  
	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Stanley Rowe, Managing Director

  	
   

  
	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
  Agreed and accepted by:

  	
   

  
	
   

  	
   

  
	
  ASBURY AUTOMOTIVE GROUP, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ J. Gordon Smith

  	
   

  	
   

  
	
   

  	
  Name:

  	
  J. Gordon Smith

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial OfficerExhibit
10.8

EXECUTION
COPY

Asbury Automotive Group, Inc.

7.625%
Senior Subordinated Notes due 2017

Unconditionally
Guaranteed as to the

Payment of Principal, Premium,

if any, and Interest by the

Subsidiary Guarantors

Exchange and Registration Rights
Agreement

March 26, 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 7.625% Senior
Subordinated Notes due 2017, which are  unconditionally  guaranteed by the Subsidiary Guarantors.  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.       Certain Definitions.  For purposes of this Exchange and
Registration Rights Agreement, the following terms shall have the following
respective meanings:

“Agreement”
means this Exchange and Registration Rights Agreement.

“Base Interest”
shall mean the interest that would otherwise accrue on the Securities under the
terms thereof and the Indenture, without giving effect to the provisions of
this Agreement.

The term “broker-dealer” shall mean any broker or dealer registered
with the Commission under the Exchange Act.

“Closing Date”
shall mean the date on which the Securities are initially issued.

“Commission”
shall mean 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.

“Effective Time,”
in the case of (i) an Exchange Registration, shall mean the time and date
as of which the Commission declares the Exchange Registration Statement
effective or as of which the Exchange Registration Statement otherwise becomes
effective and (ii) a Shelf Registration, shall mean the time and date as
of which the Commission declares the Shelf Registration Statement effective or
as of which the Shelf Registration Statement otherwise becomes effective (or,
if previously effective, designated).

“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(d)(ii)
or 3(d)(iii) hereof.

“Exchange Act”
shall mean the Securities Exchange Act of 1934, or any successor thereto, as
the same shall be amended from time to time.

“Exchange Offer”
shall have the meaning assigned thereto in Section 2(a) hereof.

“Exchange Registration”
shall have the meaning assigned thereto in Section 3(c) hereof.

“Exchange Registration Statement”
shall have the meaning assigned thereto in Section 2(a) hereof.

“Exchange Securities”
shall have the meaning assigned thereto in Section 2(a) hereof.

The term “holder” shall mean each of the Purchasers and other persons
who acquire Registrable Securities from time to time (including any successors
or assigns), in each case for so long as such person owns any Registrable
Securities.

“Indenture”
shall mean the Indenture, dated as of March 26, 2007 among the Company, the Subsidiary Guarantors and The Bank of New York, as
Trustee, as the same shall be amended from time to time.

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

The term “person” shall mean a corporation, association, partnership,
organization, business, individual, government or political subdivision thereof
or governmental agency.

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

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

“Registrable Securities”
shall mean the Securities; provided, however,
that a Security shall cease to be a Registrable Security when (i) in the
circumstances contemplated by Section 2(a) hereof, the Security has been
exchanged for an Exchange Security in an Exchange Offer as contemplated in
Section 2(a) hereof (provided that
any Exchange Security that, pursuant to the last two sentences of Section 2(a),
is included in a prospectus for use in 

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connection with resales
by broker-dealers shall be deemed to be a Registrable Security with respect to
Sections 5, 6 and 9 until resale of such Registrable Security has been effected
within the 180-day period referred to in Section 2(a)); (ii) in the
circumstances contemplated by Section 2(b) hereof, a Shelf Registration
Statement registering such Security under the Securities Act has been declared
or becomes effective (or, if previously effective, designated) and such
Security has been sold or otherwise transferred by the holder thereof pursuant
to and in a manner contemplated by such effective Shelf Registration Statement;
(iii) such Security is sold pursuant to Rule 144 under circumstances in
which any legend borne by such Security relating to restrictions on
transferability thereof, under the Securities Act or otherwise, is removed by
the Company or pursuant to the Indenture; (iv) such Security is eligible to be
sold pursuant to paragraph (k) of Rule 144; or (v) such Security
shall cease to be outstanding.

“Registration Default”
shall have the meaning assigned thereto in Section 2(c) hereof.

“Registration Expenses”
shall have the meaning assigned thereto in Section 4 hereof.

“Resale Period”
shall have the meaning assigned thereto in Section 2(a) hereof.

“Restricted Holder”
shall mean (i) a holder that is an affiliate of the Company within the
meaning of Rule 405, (ii) a holder who acquires Exchange Securities
outside the ordinary course of such holder’s business, (iii) a holder who
has arrangements or understandings with any person to participate in the
Exchange Offer for the purpose of distributing Exchange Securities and (iv) a
holder that is a broker-dealer, but only with respect to Exchange Securities
received by such broker-dealer pursuant to an Exchange Offer in exchange for
Registrable Securities acquired by the broker-dealer directly from the Company.

“Rule 144,” “Rule 405,” “Rule 415”
and “Rule 430B” shall mean, in each case,
such rule promulgated under the Securities Act (or any successor provision), as
the same shall be amended from time to time.

“Securities”
shall mean, collectively, the 7.625% Senior Subordinated Notes due 2017 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, unless the context otherwise requires, any
reference herein to a “Security,” an “Exchange Security” or a “Registrable
Security” shall include a reference to the related Subsidiary Guarantees.

“Securities Act”
shall mean the Securities Act of 1933, or any successor thereto, as the same
shall be amended from time to time.

“Shelf Registration”
shall have the meaning assigned thereto in Section 2(b) hereof.

“Shelf Registration Statement”
shall have the meaning assigned thereto in Section 2(b) hereof.

“Special Interest”
shall have the meaning assigned thereto in Section 2(c) hereof.

“Subsidiary Guarantors”
shall have the meaning assigned thereto in the Indenture.

“Trust Indenture Act”
shall mean the Trust Indenture Act of 1939, or any successor thereto, and the rules,
regulations and forms promulgated thereunder, all as the same shall be 

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amended from time to
time.

Unless the context
otherwise requires, any reference herein to a “Section” or “clause” refers to a
Section or clause, as the case may be, of this Exchange and Registration Rights
Agreement, and the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Exchange and Registration Rights Agreement as a
whole and not to any particular Section or other subdivision.

2.       Registration
Under the Securities Act.

(a)  Except as set forth in Section 2(b) below, the
Company agrees to file under the Securities Act, as soon as practicable, but no
later than 90 days after the Closing Date, a registration statement relating to
an offer to exchange (such registration statement, the “Exchange Registration
Statement”, and such offer, the “Exchange Offer”) any and all of the Securities
for a like aggregate principal amount of debt securities issued by the Company
and guaranteed by the Subsidiary Guarantors, which debt securities and
guarantees are substantially identical to the Securities and the related
Subsidiary Guarantees, respectively (and are entitled to the benefits of a
trust indenture which is substantially identical to the Indenture or is the
Indenture and which has been qualified under the Trust Indenture Act), except
that they have been registered pursuant to an effective registration statement
under the Securities Act and do not contain provisions for the additional
interest contemplated in Section 2(c) below (such new debt securities
hereinafter called “Exchange Securities”). 
The Company and the Subsidiary Guarantors agree to use their reasonable
best efforts to cause the Exchange Registration Statement to become effective
under the Securities Act as soon as practicable, but no later than 180 days
after the Closing Date. The Exchange Offer will be registered under the
Securities Act on the appropriate form and will comply with all applicable
tender offer rules and regulations under the Exchange Act.  The Company and the Subsidiary Guarantors
further agree to use their reasonable best efforts to (i) commence and complete
the Exchange Offer on or prior to 30 business days, or longer, if required by
the federal securities laws, after such registration statement has become
effective, (ii) hold the Exchange Offer open for at least 30 days and (iii)
exchange Exchange Securities for all Registrable Securities that have been
properly tendered and not withdrawn on or prior to the expiration of the
Exchange Offer. The Exchange Offer will be deemed to have been “completed” only
if the debt securities and related guarantees received by holders other than
Restricted Holders in the Exchange Offer for Registrable Securities are, upon
receipt, transferable by each such holder without further compliance with
Section 5 of the Securities Act (except for the requirement to deliver a
prospectus included in the Exchange Registration Statement applicable to
resales by broker-dealers of Exchange Securities received by such broker-dealer
pursuant to an Exchange Offer in exchange for Registrable Securities other than
those acquired by the broker-dealer directly from the Company) and without
material restrictions under the blue sky or securities laws of a substantial
majority of the States of the United States of America. The Exchange Offer
shall be deemed to have been completed upon the earlier to occur of (i) the
Company having exchanged the Exchange Securities for all outstanding
Registrable Securities pursuant to the Exchange Offer and (ii) the Company
having exchanged, pursuant to the Exchange Offer, Exchange Securities for all
Registrable Securities that have been properly tendered and not withdrawn
before the expiration of the Exchange Offer, which shall be on a date that is
at least 30 days following the commencement of the Exchange Offer. The Company
agrees (x) to include in the Exchange Registration Statement a prospectus for
use in any resales by any holder of Exchange Securities that is a broker-dealer
(where such Exchange Security was received by a broker-dealer in an Exchange
Offer in exchange for a Registrable Security that was acquired by such
broker-dealer for its own account as a result of market-making or other 

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trading activities, so long as such Registrable
Security was not acquired directly from the Company or an affiliate of the
Company) and (y) to keep such Exchange Registration Statement effective for a
period (the “Resale Period”) beginning when Exchange Securities are first
issued in the Exchange Offer and ending upon the earlier of the expiration of
the 180th day after the Exchange Offer has been completed or such time as such
broker-dealers no longer own any Registrable Securities.  With respect to such Exchange Registration
Statement, such holders shall have the benefit of the rights of indemnification
and contribution set forth in Sections 6(a), (c), (d) and (e) hereof.

(b)           If
(i) the Company and the Subsidiary Guarantors are not (A) required to file the
Exchange Registration Statement; or (B) permitted to consummate the Exchange
Offer, because the Exchange Offer is not permitted by applicable law or
Commission policy, (ii) any holder of Registrable Securities notifies the
Company in writing prior to the 20th day following the consummation of the
Exchange Offer that (X) it is prohibited by applicable law or Commission policy
from participating in the Exchange Offer, or (Y) that it may not resell the
Exchange Notes acquired by it in the Exchange Offer to the public without
delivering a prospectus and the prospectus contained in the Exchange Offer
Registration Statement is not appropriate or available for such resales; or (Z)
that it is a broker-dealer and owns Securities acquired directly from the
Company or an affiliate of the Company, or (iii) the Exchange Offer has not
been completed within 225 days following the Closing Date, the Company and the
Subsidiary Guarantors will use their reasonable best efforts to file or
designate under the Securities Act as soon as practicable, but no later than on
or prior to 60 days after the time such obligation to file arises, a “shelf”
registration statement providing for the registration of, and the sale on a
continuous or delayed basis by the holders of, all of the Registrable
Securities affected thereby, pursuant to Rule 415, Rule 430B or any similar
rule that may be adopted by the Commission (such filing, the “Shelf
Registration” and such registration statement, the “Shelf Registration
Statement”).  The Company and the
Subsidiary Guarantors, jointly and severally, agree to use their reasonable
best efforts (x) to cause the Shelf Registration Statement to become or be
declared effective (or, if previously effective, designated) no later than 120
days after such obligation arises and to keep such Shelf Registration Statement
continuously effective for a period ending on the earlier of the second
anniversary of the Effective Time or such time as there are no longer any
Registrable Securities outstanding, provided,
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,
and (y) 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 clause (y) shall relieve any such holder of the obligation
to return a completed and signed Notice and Questionnaire to the Company in
accordance with Section 3(d)(iii) hereof. 
The Company and the Subsidiary Guarantors further agree to supplement or
make amendments to the Shelf Registration Statement, as and when required by
the rules, regulations or instructions applicable to the registration form used
by the Company and the Subsidiary Guarantors for such Shelf Registration Statement
or by the Securities Act or rules and regulations thereunder for shelf
registration, and the Company shall furnish to each Electing Holder copies of
any such supplement or amendment prior to its being used or promptly following
its filing with the Commission.

(c)           In
the event that (i) the Company and the Subsidiary Guarantors have not filed or 

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designated, as applicable, the Exchange
Registration Statement or Shelf Registration Statement on or before the date on
which such registration statement is required to be filed or designated pursuant
to Section 2(a) or 2(b), respectively, or (ii) such Exchange Registration
Statement or Shelf Registration Statement has not become effective or been
declared effective (or, if previously effective, designated) by the Commission
on or before the date on which such registration statement is required to
become or be declared effective (or, if previously effective, designated) pursuant
to Section 2(a) or 2(b), respectively, or (iii) the Exchange Offer has not been
completed within 30 business days after the initial effective date of the
Exchange Registration Statement relating to the Exchange Offer (if the Exchange
Offer is then required to be made) or (iv) any Exchange Registration
Statement or Shelf Registration Statement required by Section 2(a) or 2(b)
hereof is filed and declared effective (or, if previously effective,
designated) but shall thereafter, prior to the time such Exchange Registration
Statement or Shelf Registration Statement is no longer required to be effective
pursuant to Section 2(a) or 2(b) either be withdrawn by the Company or the
Subsidiary Guarantors or shall become subject to an effective stop order issued
pursuant to Section 8(d) of the Securities Act suspending the effectiveness of
such registration statement (except as specifically permitted herein) without
being succeeded immediately by an additional registration statement filed and
declared effective or designated (each such event referred to in clauses (i)
through (iv), a “Registration Default” and each period during which a
Registration Default has occurred and is continuing, a “Registration Default
Period”), then, as liquidated damages for such Registration Default, subject to
the provisions of Section 9(b), special interest (“Special Interest”), in
addition to the Base Interest, shall accrue, with respect to the first 90-day
period immediately following the occurrence of the first Registration Default,
in an amount equal to $.05 per week per $1,000 principal amount of Securities
held by the Holders.  The amount of
Special Interest will increase by an additional $.05 per week per $1,000
principal amount of Securities with respect to each subsequent 90-day period
until all Registration Defaults have been cured, up to a maximum amount of
Special Interest for all Registration Defaults of $.50 per week per $1,000
principal amount of Securities. 
Following the cure of all Registration Defaults, the accrual of Special
Interest will cease.  All accrued Special
Interest through each record date with respect to the succeeding Interest
Payment Date will be paid by the Company and the Guarantors on each Interest
Payment Date (as defined in the Indenture) to the Global Note Holder (as
defined in the Indenture) by wire transfer of immediately available funds or by
federal funds check and to Holders of Certificated Notes (as defined in the
Indenture) by wire transfer to the accounts specified by them or by mailing
checks to their registered addresses if no such accounts have been specified.

(d)           The
Company shall take, and shall
cause the Subsidiary Guarantors to take,  all
actions necessary or advisable to be taken by it to ensure that the
transactions contemplated herein are effected as so contemplated, including all actions necessary or
desirable to register the Subsidiary Guarantees under the registration
statement contemplated in Section 2(a) or 2(b) hereof, as applicable.

(e)           Any
reference herein to a registration statement as of any time shall be deemed to
include any document incorporated, or deemed to be incorporated, therein by
reference as of such time and any reference herein to any post-effective
amendment to a registration statement as of any time shall be deemed to include
any document incorporated, or deemed to be incorporated, therein by reference as
of such time.

3.       Registration Procedures.  If the Company and the Subsidiary Guarantors
file or designate, as the case may be, a registration statement pursuant to
Section 2(a) or Section 2(b), the following provisions shall apply:

 6
 

(a)           At
or before the Effective Time of the Exchange Offer or the Shelf Registration,
as the case may be, the Company shall qualify the Indenture under the Trust
Indenture Act of 1939.

(b)           In
the event that such qualification would require 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.

(c)           In
connection with the obligations of the Company and the Subsidiary Guarantors
with respect to the registration of Exchange Securities as contemplated by
Section 2(a) (the “Exchange Registration”), if applicable, the Company shall,
as soon as practicable (or as otherwise specified):

(i)            prepare
and file with the Commission, no later than 120 days after the Closing Date, an
Exchange Registration Statement on any form which may be utilized by the
Company and which shall permit the Exchange Offer and resales of Exchange
Securities by broker-dealers during the Resale Period to be effected as
contemplated by Section 2(a), and use its reasonable best efforts to cause such
Exchange Registration Statement to become effective as soon as practicable
thereafter, but no later than 180 days after the Closing Date;

(ii)           as
soon as practicable prepare and file with the Commission such amendments and
supplements to such Exchange Registration Statement and the prospectus included
therein as may be necessary to effect and maintain the effectiveness of such
Exchange Registration Statement for the periods and purposes contemplated in
Section 2(a) hereof and as may be required by the applicable rules and
regulations of the Commission and the instructions applicable to the form of
such Exchange Registration Statement, and promptly provide each broker-dealer
holding Exchange Securities with such number of copies of the prospectus
included therein (as then amended or supplemented), in conformity in all
material respects with the requirements of the Securities Act and the Trust
Indenture Act and the rules and regulations of the Commission thereunder, as
such broker-dealer reasonably may request, in a timely manner, prior to the
expiration of the Resale Period, for use in connection with resales of Exchange
Securities;

(iii)          promptly
notify each broker-dealer that has requested or received copies of the
prospectus included in such registration statement, and confirm such advice in
writing, (A) when such Exchange Registration Statement or the prospectus
included therein or any prospectus amendment or supplement or post-effective
amendment has been filed, and, with respect to such Exchange Registration
Statement or any post-effective amendment, when the same has become
effective, (B) of any comments by the Commission and by the blue sky or
securities commissioner or regulator of any state with respect thereto or any request
by the Commission for amendments or supplements to such Exchange Registration
Statement or prospectus or for additional information, (C) after receipt by the
Company of any notification with respect to the issuance by the Commission of
any stop order suspending the effectiveness of such Exchange Registration
Statement or the initiation or threatening of any proceedings for that purpose,
(D) if at any time the representations and warranties of the Company
contemplated by Section 5 cease to be true and correct in all material
respects, (E) of the receipt by the Company of any notification with respect to
the suspension of the qualification of the Exchange Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such
purpose, or (F) at any time during the Resale 

 7
 

Period when a prospectus is required to be delivered under the
Securities Act, that such Exchange Registration Statement, prospectus,
prospectus amendment or supplement or post-effective amendment does not conform
in all material respects to the applicable requirements of the Securities Act
and the Trust Indenture Act and the rules and regulations of the Commission
thereunder or contains an untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing;

(iv)          in
the event that the Company would be required, pursuant to Section 3(e)(iii)(F)
above, to notify any broker-dealers holding Exchange Securities, without undue
delay prepare and furnish to each such holder a reasonable number of copies of
a prospectus supplemented or amended so that, as thereafter delivered to
purchasers of such Exchange Securities during the Resale Period, such
prospectus shall conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and the rules
and regulations of the Commission thereunder and shall not 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 in
light of the circumstances then existing;

(v)           use
its reasonable best efforts to obtain the withdrawal of any order suspending
the effectiveness of such Exchange Registration Statement or any post-effective
amendment thereto at the earliest practicable date;

(vi)          use
its reasonable best efforts to (A) register or qualify the Exchange Securities
under the securities laws or blue sky laws of such jurisdictions as are
contemplated by Section 2(a) no later than the commencement of the Exchange
Offer, (B) keep such registrations or qualifications in effect and comply with
such laws so as to permit the continuance of offers, sales and dealings therein
in such jurisdictions until the expiration of the Resale Period and (C) take
any and all other actions as may be reasonably necessary or advisable to enable
each broker-dealer holding Exchange Securities to consummate the disposition thereof
in such jurisdictions; provided, however, that neither the Company nor the
Subsidiary Guarantors shall be required for any such purpose to (1) qualify as
a foreign corporation in any jurisdiction wherein it would not otherwise be
required to qualify but for the requirements of this Section 3(c)(vi), (2)
consent to general service of process in any such jurisdiction or (3) make any
changes to its certificate of incorporation or by-laws or any agreement
between it and its stockholders;

(vii)         use
its reasonable best efforts to obtain the consent or approval of each
governmental agency or authority, whether federal, state or local, which may be
required to effect the Exchange Registration, the Exchange Offer and the
offering and sale of Exchange Securities by broker-dealers during the Resale
Period;

(viii)        provide
a CUSIP number for all Exchange Securities, not later than the applicable
Effective Time;

(ix)           comply
with all applicable rules and regulations of the Commission, and make generally
available to its securityholders as soon as practicable but no later than
eighteen months after the effective date of such Exchange Registration
Statement, an earning statement of the Company and its subsidiaries complying
with Section 11(a) of the Securities Act (including, at the option of the
Company, Rule 158 thereunder).

 8
 

(d)           In
connection with the obligations of the Company and the Subsidiary Guarantors
with respect to the Shelf Registration, if applicable, the Company shall, as
soon as practicable (or as otherwise specified):

(i)            prepare
and file with the Commission, or if permitted by Rule 430B, otherwise designate
an existing filing with the Commission, as soon as practicable but in any case
within the time periods specified in Section 2(b), a Shelf Registration Statement
on any form which may be utilized by the Company and which shall register all
of the Registrable Securities for resale by the holders thereof in accordance
with such method or methods of disposition as may be specified by such of the
holders as, from time to time, may be Electing Holders and use its reasonable
best efforts to cause such Shelf Registration Statement to become effective or,
if previously effective, designated as soon as practicable but in any case
within the time periods specified in Section 2(b);

(ii)           not
less than 30 calendar days prior to the Effective Time of the Shelf
Registration Statement, mail the Notice and Questionnaire to the holders of
Registrable Securities; provided, that 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, unless such
holder has returned a completed and signed Notice and Questionnaire to the
Company by the deadline for response set forth therein; and provided, further
that 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;

(iii)          after
the Effective Time of the Shelf Registration Statement, 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; provided that the Company 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;

(iv)          as
soon as practicable prepare and file with the Commission such amendments and
supplements to such Shelf Registration Statement and the prospectus included
therein as may be necessary to effect and maintain the effectiveness of such
Shelf Registration Statement for the period specified in Section 2(b)
hereof and as may be required by the applicable rules and regulations of the
Commission and the instructions applicable to the form of such Shelf
Registration Statement, and furnish to the Electing Holders copies of any such
supplement or amendment simultaneously with or prior to its being used or filed
with the Commission;

(v)           comply
with the provisions of the Securities Act with respect to the disposition of
all of the Registrable Securities covered by such Shelf Registration Statement
in accordance with the intended methods of disposition by the Electing Holders
provided for in such Shelf Registration Statement;

(vi)          provide
(A) the Electing Holders, (B) the underwriters (which term, for
purposes of this Exchange and Registration Rights Agreement, shall include a
person 

 9
 

deemed to be an underwriter within the meaning of Section 2(a)(11) of
the Securities Act), if any, thereof, (C) any sales or placement agent
therefor, (D) counsel for any such underwriter or agent and (E) not more than
one counsel for all the Electing Holders the opportunity to participate in the
preparation of such Shelf Registration Statement, each prospectus included
therein or filed with the Commission and each amendment or supplement thereto;

(vii)         for
a reasonable period prior to the filing or designation of such Shelf Registration
Statement, and throughout the period specified in Section 2(b), make available
at reasonable times at the Company’s principal place of business or such other
reasonable place for inspection by the persons referred to in Section 3(d)(vi)
who shall certify to the Company that they have a current intention to sell the
Registrable Securities pursuant to the Shelf Registration such financial and
other information and books and records of the Company, and cause the officers,
employees, counsel and independent certified public accountants of the Company
to respond to such inquiries, as shall be reasonably necessary, in the judgment
of the respective counsel referred to in such Section, to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act; provided,
however, that each such party shall be required to maintain in confidence and
not to disclose to any other person any information or records reasonably
designated by the Company as being confidential, until such time as (A) such
information becomes a matter of public record (whether by virtue of its
inclusion in such registration statement or otherwise), or (B) such person
shall be required so to disclose such information pursuant to a subpoena or
order of any court or other governmental agency or body having jurisdiction
over the matter (subject to the requirements of such order, and only after such
person shall have given the Company prompt prior written notice of such
requirement), or (C) such information is required to be set forth in such Shelf
Registration Statement or the prospectus included therein or in an amendment to
such Shelf Registration Statement or an amendment or supplement to such
prospectus in order that such Shelf Registration Statement, prospectus,
amendment or supplement, as the case may be, complies with applicable
requirements of the federal securities laws and the rules and regulations of
the Commission and does not contain an untrue statement of a material fact or
omit to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing;

(viii)        promptly
notify each of the Electing Holders, any sales or placement agent therefor and
any underwriter thereof (which notification may be made through any managing
underwriter that is a representative of such underwriter for such purpose) and
confirm such advice in writing, (A) when such Shelf Registration Statement has
been filed or designated or the prospectus included therein or any prospectus
amendment or supplement or post-effective amendment has been filed, and,
with respect to such Shelf Registration Statement or any post-effective
amendment, when the same has become effective, (B) of any comments by the
Commission and by the blue sky or securities commissioner or regulator of any
state with respect thereto or any request by the Commission for amendments or
supplements to such Shelf Registration Statement or prospectus or for
additional information, (C) after receipt by the Company of any notification
with respect to the issuance by the Commission of any stop order suspending the
effectiveness of such Shelf Registration Statement or the initiation or
threatening of any proceedings for that purpose, (D) if at any time the
representations and warranties of the Company contemplated by Section
3(d)(xvii) or Section 5 cease to be true and correct in all material respects,
(E) of the receipt by the Company of any 

 10
 

notification with respect to the suspension of the qualification of the
Registrable Securities for sale in any jurisdiction or the initiation or
threatening of any proceeding for such purpose, or (F) if at any time when a
prospectus is required to be delivered under the Securities Act, that such
Shelf Registration Statement, prospectus, prospectus amendment or supplement or
post-effective amendment does not conform in all material respects to the
applicable requirements of the Securities Act and the Trust Indenture Act and
the rules and regulations of the Commission thereunder or contains an untrue
statement of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing;

(ix)           use
its reasonable best efforts to obtain the withdrawal of any order suspending
the effectiveness of such registration statement or any post-effective
amendment thereto at the earliest practicable date;

(x)            if
requested by any managing underwriter or underwriters, any placement or sales
agent or any Electing Holder, promptly incorporate in a prospectus supplement
or post-effective amendment such information as is required by the
applicable rules and regulations of the Commission and as such managing
underwriter or underwriters, such agent or such Electing Holder specifies
should be included therein relating to the terms of the sale of such
Registrable Securities, including information with respect to the principal
amount of Registrable Securities being sold by such Electing Holder or agent or
to any underwriters, the name and description of such Electing Holder, agent or
underwriter, the offering price of such Registrable Securities and any
discount, commission or other compensation payable in respect thereof, the
purchase price being paid therefor by such underwriters and with respect to any
other terms of the offering of the Registrable Securities to be sold by such
Electing Holder or agent or to such underwriters; and make all required filings
of such prospectus supplement or post-effective amendment promptly after
notification of the matters to be incorporated in such prospectus supplement or
post-effective amendment;

(xi)           furnish
to each Electing Holder, each placement or sales agent, if any, therefor, each
underwriter, if any, thereof and the respective counsel referred to in Section
3(d)(vi) a copy of such Shelf Registration Statement, each such amendment and
supplement thereto (in each case including all exhibits thereto (in the case of
an Electing Holder of Registrable Securities, upon request) and documents
incorporated by reference therein) and such number of copies of such Shelf
Registration Statement (excluding exhibits thereto and documents incorporated
by reference therein unless specifically so requested by such Electing Holder,
agent or underwriter, as the case may be) and of the prospectus included in
such Shelf Registration Statement (including each preliminary prospectus and
any summary prospectus), in conformity in all material respects with the
applicable requirements of the Securities Act and the Trust Indenture Act and
the rules and regulations of the Commission thereunder, and such other
documents, as such Electing Holder, agent, if any, and underwriter, if any, may
reasonably request in order to facilitate the offering and disposition of the
Registrable Securities owned by such Electing Holder, offered or sold by such
agent or underwritten by such underwriter and to permit such Electing Holder,
agent and underwriter to satisfy the prospectus delivery requirements of the
Securities Act; and the Company hereby consents to the use of such prospectus
(including such preliminary and summary prospectus) and any amendment or
supplement thereto by each such Electing Holder and by any such agent and
underwriter, in each case in the form most recently provided 

 11

to such person by the Company, in connection with the offering and sale
of the Registrable Securities covered by the prospectus (including such
preliminary and summary prospectus) or any supplement or amendment thereto;

(xii)                             use reasonable best
efforts to (A) register or qualify the Registrable Securities to be included in
such Shelf Registration Statement under such securities laws or blue sky laws
of such jurisdictions as any Electing Holder and each placement or sales agent,
if any, therefor and underwriter, if any, thereof shall reasonably request, (B)
keep such registrations or qualifications in effect and comply with such laws
so as to permit the continuance of offers, sales and dealings therein in such
jurisdictions during the period the Shelf Registration is required to remain
effective under Section 2(b) above and for so long as may be necessary to
enable any such Electing Holder, agent or underwriter to complete its
distribution of Securities pursuant to such Shelf Registration Statement and
(C) take any and all other actions as may be reasonably necessary or advisable
to enable each such Electing Holder, agent, if any, and underwriter, if any, to
consummate the disposition in such jurisdictions of such Registrable
Securities; provided, however, that neither the Company nor the Subsidiary
Guarantors shall be required for any such purpose to (1) qualify as a foreign
corporation in any jurisdiction wherein it would not otherwise be required to
qualify but for the requirements of this Section 3(d)(xii), (2) consent to
general service of process in any such jurisdiction or (3) make any changes to
its certificate of incorporation or by-laws or any agreement between it
and its stockholders;

(xiii)                          use its reasonable best
efforts to obtain the consent or approval of each governmental agency or
authority, whether federal, state or local, which may be required to effect the
Shelf Registration or the offering or sale in connection therewith or to enable
the selling holder or holders to offer, or to consummate the disposition of,
their Registrable Securities;

(xiv)                         unless any Registrable
Securities shall be in book-entry only form, cooperate with the Electing
Holders and the managing underwriters, if any, to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to
be sold, 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 not bear any restrictive legends; and, in
the case of an underwritten offering, enable such Registrable Securities to be
in such denominations and registered in such names as the managing underwriters
may request at least two business days prior to any sale of the Registrable
Securities;

(xv)                            provide a CUSIP number for
all Registrable Securities, not later than the applicable Effective Time;

(xvi)                         enter into such customary
agreements, including if requested, an underwriting agreement in customary
form, and take such other actions in connection therewith as any Electing
Holders aggregating at least 20% in aggregate principal amount of the
Registrable Securities at the time outstanding shall request in order to
expedite or facilitate the disposition of such Registrable Securities, provided, that the Company 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 

 12
 

Company shall have then engaged;

(xvii)                      whether or not an agreement of
the type referred to in Section 3(d)(xvi) hereof is entered into and whether or
not any portion of the offering contemplated by the Shelf Registration is an
underwritten offering or is made through a placement or sales agent or any
other entity, (A) make such representations and warranties to the Electing
Holders and the placement or sales agent, if any, therefor and the
underwriters, if any, thereof in form, substance and scope as are customarily
made in connection with an offering of debt securities pursuant to any
appropriate agreement or to a registration statement filed on the form
applicable to the Shelf Registration; (B) obtain an opinion of counsel to
the Company in customary form and covering matters of the type customarily
covered by such an opinion, as the managing underwriters, if any, or as any
Electing Holders of at least 20% in aggregate principal amount of the
Registrable Securities at the time outstanding may reasonably request,
addressed to such Electing Holder or Electing Holders and the placement or
sales agent, if any, therefor and the underwriters, if any, thereof and dated
the effective date of such Shelf Registration Statement (and if such Shelf
Registration Statement contemplates an underwritten offering of a part or all
of the Registrable Securities, dated the date of the closing under the
underwriting agreement relating thereto) (it being agreed that the matters to
be covered by such opinion shall include the due incorporation and good
standing of the Company and its subsidiaries; the qualification of the Company
and its subsidiaries to transact business as foreign corporations; the due
authorization, execution and delivery of the relevant agreement of the type
referred to in Section 3(d)(xvi) hereof; the due authorization, execution,
authentication and issuance, and the validity and enforceability, of the
applicable registrable Securities; the absence of material legal or
governmental proceedings involving the Company; the absence of a breach by the
Company or any of its subsidiaries of, or a default under, material agreements
binding upon the Company or any subsidiary of the Company; the absence of
governmental approvals required to be obtained in connection with the Shelf
Registration, the offering and sale of the Registrable Securities, this
Exchange and Registration Rights Agreement or any agreement of the type
referred to in Section 3(d)(xvi) hereof, except such approvals as may be
required under state securities or blue sky laws; the material compliance as to
form of such Shelf Registration Statement and any documents incorporated by
reference therein and of the Indenture with the requirements of the Securities
Act and the Trust Indenture Act and the rules and regulations of the Commission
thereunder, respectively; and, as of the date of the opinion and of the Shelf
Registration Statement or most recent post-effective amendment thereto,
as the case may be, the absence from such Shelf Registration Statement and the
prospectus included therein, as then amended or supplemented, and from the
documents incorporated by reference therein (in each case other than the
financial statements and other financial information contained therein) of an
untrue statement of a material fact or the omission to state therein a material
fact necessary to make the statements therein not misleading (in the case of
such documents, in the light of the circumstances existing at the time that
such documents were filed with the Commission under the Exchange Act)); (C)
obtain a “cold comfort” letter or letters from the independent certified public
accountants of the Company addressed to the selling Electing Holders, the
placement or sales agent, if any, therefor or the underwriters, if any,
thereof, dated (i) the effective date of such Shelf Registration Statement (or,
if previously effective, the designation date) and (ii) the effective date of
any prospectus supplement to the prospectus included in such Shelf Registration
Statement or post-effective amendment to such Shelf Registration
Statement which includes 

 13
 

unaudited or audited financial statements as of a date or for a period
subsequent to that of the latest such statements included in such prospectus
(and, if such Shelf Registration Statement contemplates an underwritten
offering pursuant to any prospectus supplement to the prospectus included in
such Shelf Registration Statement or post-effective amendment to such
Shelf Registration Statement which includes unaudited or audited financial
statements as of a date or for a period subsequent to that of the latest such
statements included in such prospectus, dated the date of the closing under the
underwriting agreement relating thereto), such letter or letters to be in
customary form and covering such matters of the type customarily covered by
letters of such type; (D) deliver such documents and certificates, including
officers’ certificates, as may be reasonably requested by any Electing Holders
of at least 20% in aggregate principal amount of the Registrable Securities at
the time outstanding or the placement or sales agent, if any, therefor and the
managing underwriters, if any, thereof to evidence the accuracy of the
representations and warranties made pursuant to clause (A) above or those
contained in Section 5(a) hereof and the compliance with or satisfaction of any
agreements or conditions contained in the underwriting agreement or other
agreement entered into by the Company or the Subsidiary Guarantors; and
(E) undertake such obligations relating to expense reimbursement,
indemnification and contribution as are provided in Section 6 hereof;

(xviii)                   notify in writing each holder of
Registrable Securities of any proposal by the Company to amend or waive any
provision of this Exchange and Registration Rights Agreement pursuant to
Section 9(h) hereof and of any amendment or waiver effected pursuant thereto,
each of which notices shall contain the text of the amendment or waiver
proposed or effected, as the case may be;

(xix)                           in the event that any broker-dealer
registered under the Exchange Act shall underwrite any Registrable Securities
or participate as a member of an underwriting syndicate or selling group or “assist
in the distribution” (within the meaning of the Conduct Rules (the “Conduct
Rules) of the National Association of Securities Dealers, Inc. (“NASD”) or any
successor thereto, as amended from time to time) thereof, 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, assist such broker-dealer
in complying with the requirements of such Conduct Rules, including by (A) if
such Conduct Rules shall so require, engaging a “qualified independent
underwriter” (as defined in such Conduct Rules) to participate in the
preparation of the Shelf Registration Statement relating to such Registrable
Securities, to exercise usual standards of due diligence in respect thereto
and, if any portion of the offering contemplated by such Shelf Registration
Statement is an underwritten offering or is made through a placement or sales
agent, to recommend the yield of such Registrable Securities, (B) indemnifying
any such qualified independent underwriter to the extent of the indemnification
of underwriters provided in Section 6 hereof (or to such other customary extent
as may be requested by such underwriter), 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 Conduct Rules; and

(xx)                              comply with all
applicable rules and regulations of the Commission, and make generally
available to its securityholders as soon as practicable but in any event not
later than eighteen months after the effective date of such Shelf Registration
Statement (or, if previously effective, the designation date), an earning
statement of the Company and its subsidiaries complying with Section 11(a) of
the Securities Act 

 14
 

(including, at the option of the Company, Rule 158 thereunder).

(e)                                  In the event that the
Company would be required, pursuant to Section 3(d)(viii)(F) above, to notify
the Electing Holders, the placement or sales agent, if any, therefor and the
managing underwriters, if any, thereof, the Company shall without undue delay
prepare and furnish to each of the Electing Holders, to each placement or sales
agent, if any, and to each such underwriter, if any, a reasonable number of
copies of a prospectus supplemented or amended so that, as thereafter delivered
to purchasers of Registrable Securities, such prospectus shall conform in all
material respects to the applicable requirements of the Securities Act and the
Trust Indenture Act and the rules and regulations of the Commission thereunder
and shall not 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 in light of the circumstances then existing. Each
Electing Holder agrees that upon receipt of any notice from the Company
pursuant to Section 3(d)(viii)(F) hereof, such Electing Holder shall forthwith
discontinue the disposition of Registrable Securities pursuant to the Shelf
Registration Statement applicable to such Registrable Securities until such
Electing Holder shall have received copies of such amended or supplemented
prospectus, and if so directed by the Company, such Electing Holder shall
deliver to the Company (at the Company’s expense) all copies, other than
permanent file copies, then in such Electing Holder’s possession of the
prospectus covering such Registrable Securities at the time of receipt of such
notice.

(f)                                    In the event of a
Shelf Registration, in addition to the information required to be provided by
each Electing Holder in its Notice Questionnaire, the Company may require such
Electing Holder to furnish to the Company such additional information regarding
such Electing Holder and such Electing Holder’s intended method of distribution
of Registrable Securities as may be required in order to comply with the
Securities Act. Each such Electing Holder agrees to notify the Company as
promptly as practicable of any inaccuracy or change in information previously
furnished by such Electing Holder to the Company or of the occurrence of any
event in either case as a result of which any prospectus relating to such Shelf
Registration contains or would contain an untrue statement of a material fact
regarding such Electing Holder or such Electing Holder’s intended method of
disposition of such Registrable Securities or omits to state any material fact
regarding such Electing Holder or such Electing Holder’s intended method of
disposition of such Registrable Securities required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing, and promptly to furnish to the Company any
additional information required to correct and update any previously furnished
information or required so that such prospectus shall not contain, with respect
to such Electing Holder or the disposition of such Registrable Securities, 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
in light of the circumstances then existing.

(g)                                 Until the expiration
of two years after the Closing Date, the Company will not, and will not permit
any of its “affiliates” (as defined in Rule 144) to, resell any of the
Securities that have been reacquired by any of them except pursuant to an
effective registration statement under the Securities Act.

4.                    Registration Expenses.  The Company agrees to bear and to pay or
cause to be paid promptly all expenses incident to the Company’s performance of
or compliance with this Exchange and Registration Rights Agreement, including
(a) all Commission and any NASD registration, filing and review fees and
expenses including fees and disbursements of counsel for the placement or sales
agent or underwriters in connection with such registration, filing and 

 15
 

review,
(b) all fees and expenses in connection with the qualification of the
Securities for offering and sale under the State securities and blue sky laws
referred to in Section 3(d)(xii) hereof and determination of their eligibility
for investment under the laws of such jurisdictions as any managing
underwriters or the Electing Holders may designate, including any fees and
disbursements of counsel for the Electing Holders or underwriters in connection
with such qualification and determination, (c) all expenses relating to
the preparation, printing, production, distribution and reproduction of each
registration statement required to be filed hereunder, each prospectus included
therein or prepared for distribution pursuant hereto, each amendment or
supplement to the foregoing, the expenses of preparing the Securities for
delivery and the expenses of printing or producing any underwriting agreements,
agreements among underwriters, selling agreements and blue sky or legal
investment memoranda and all other documents in connection with the offering,
sale or delivery of Securities to be disposed of (including certificates
representing the Securities), (d) messenger, telephone and delivery expenses
relating to the offering, sale or delivery of Securities and the preparation of
documents referred in clause (c) above, (e) reasonable fees and expenses
of the Trustee under the Indenture, any agent of the Trustee and any counsel
for the Trustee and of any collateral agent or custodian, (f) internal
expenses (including all salaries and expenses of the Company’s officers and
employees performing legal or accounting duties), (g) fees, disbursements
and expenses of counsel and independent certified public accountants of the
Company (including the reasonable expenses of any opinions or “cold comfort”
letters required by or incident to such performance and compliance),
(h) reasonable fees, disbursements and expenses of any “qualified
independent underwriter” engaged pursuant to Section 3(d)(xix) hereof,
(i) reasonable fees, disbursements and expenses of one counsel for the
Electing Holders retained in connection with a Shelf Registration, as selected
by the Electing Holders of at least a majority in aggregate principal amount of
the Registrable Securities held by Electing Holders (which counsel shall be
reasonably satisfactory to the Company), (j) any fees charged by
securities rating services for rating the Securities, and (k) reasonable
fees, expenses and disbursements of any other persons, including special
experts, retained by the Company in connection with such registration
(collectively, the “Registration Expenses”). To the extent that any
Registration Expenses are incurred, assumed or paid by any holder of
Registrable Securities or any placement or sales agent therefor or underwriter
thereof, the Company shall reimburse such person for the full amount of the
Registration Expenses so incurred, assumed or paid promptly after receipt of a
request therefor. Notwithstanding the foregoing, the holders of the Registrable
Securities being registered shall pay all agency fees and commissions and
underwriting discounts and commissions attributable to the sale of such
Registrable Securities and the fees and disbursements of any counsel or other
advisors or experts retained by such holders (severally or jointly), other than
the counsel and experts specifically referred to above.

5.                    Representations and Warranties.  The Company and the Subsidiary Guarantors,
jointly and severally, represent and warrant to, and agree with, each Purchaser
and each of the holders from time to time of Registrable Securities that:

(a)                                  Each registration
statement covering Registrable Securities and each prospectus (including any
preliminary or summary prospectus) contained therein or furnished pursuant to
Section 3(c) or Section 3(d) hereof and any further amendments or supplements
to any such registration statement or prospectus, when it becomes effective or
is filed with the Commission, as the case may be, and, in the case of an
underwritten offering of Registrable Securities, at the time of the closing
under the underwriting agreement relating thereto, will conform in all material
respects to the requirements of the Securities Act and the Trust Indenture Act
and the rules and regulations of the Commission thereunder and will not 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 

 16
 

statements therein not misleading; and at all
times subsequent to the Effective Time when a prospectus would be required to
be delivered under the Securities Act, other than from (i) such time as a
notice has been given to holders of Registrable Securities pursuant to Section 3(d)(viii)(F)
or Section 3(c)(iii)(F) hereof until (ii) such time as the Company
furnishes an amended or supplemented prospectus pursuant to Section 3(e) or
Section 3(c)(iv) hereof, each such registration statement, and each prospectus
(including any summary prospectus) contained therein or furnished pursuant to
Section 3(d) or Section 3(c) hereof, as then amended or supplemented, will
conform in all material respects to the requirements of the Securities Act and
the Trust Indenture Act and the rules and regulations of the Commission
thereunder and will not 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 in the light of the circumstances then existing;
provided, however, that this
representation and warranty shall not apply to any statements or omissions made
in reliance upon and in conformity with information furnished in writing to the
Company by a holder of Registrable Securities expressly for use therein.

(b)                                 Any documents
incorporated by reference in any prospectus referred to in Section 5(a) hereof,
when they become or became effective or are or were filed with the Commission,
as the case may be, will conform or conformed in all material respects to the
requirements of the Securities Act or the Exchange Act, as applicable, and none
of such documents will contain or contained an untrue statement of a material
fact or will omit or omitted to state a material fact required to be stated
therein or necessary to make the statements therein not misleading; provided, however, that this
representation and warranty shall not apply to any statements or omissions made
in reliance upon and in conformity with information furnished in writing to the
Company by a holder of Registrable Securities expressly for use therein.

(c)                                  The compliance by the
Company and the Subsidiary Guarantors with all of the provisions of this
Exchange and Registration Rights Agreement and the consummation of the
transactions herein contemplated will not (i) conflict with or result in a
breach of any of the terms or provisions of, or constitute a default under, any
indenture, mortgage, deed of trust, loan agreement or other agreement or
instrument to which the Company, any subsidiary of the Company or any
Subsidiary Guarantor is a party or by which the Company, any subsidiary of the
Company or any Subsidiary Guarantor is bound or to which any of the property or
assets of the Company, any subsidiary of the Company or any Subsidiary Guarantor
is subject, nor (ii) result in any violation of the provisions of the
certificate of incorporation, as amended, or the by-laws of the Company  or any certificate of incorporation or
by-laws, certificate of formation or limited liability company agreement or
certificate of limited partnership or limited partnership agreement of any
Subsidiary Guarantor or any statute or any order, rule or regulation of any
court or governmental agency or body having jurisdiction over the Company, any
subsidiary of the Company or any Subsidiary Guarantor or any of their
respective properties, except, in the case of the clauses (i) and (ii) above,
such breaches or violations which would not, individually or in the aggregate,
have any material adverse change in or affecting the general affairs,
management, financial position, shareholders’ equity or results of operations
of the Company and the Subsidiary Guarantors taken as a whole or be reasonably
likely to prevent the Company or the Subsidiary Guarantors from performing
their respective obligations hereunder; and no consent, approval,
authorization, order, registration or qualification of or with any such court
or governmental agency or body is required for the consummation by the Company
and the Subsidiary Guarantors of the transactions contemplated by this Exchange
and Registration Rights Agreement, except the registration under the Securities
Act of the Securities, qualification of the Indenture under the Trust Indenture
Act and such consents, approvals, authorizations, registrations or
qualifications as may be required under State securities or blue 

 17
 

sky laws in connection with the offering and
distribution of the Securities.

(d)                                 This Exchange and
Registration Rights Agreement has been duly authorized, executed and delivered
by the Company and each Subsidiary Guarantor.

6.                   Indemnification.

(a)                                  Indemnification by the Company and the Subsidiary
Guarantors.  The Company and
the Subsidiary Guarantors, jointly and severally, will indemnify and hold
harmless each of the holders of Registrable Securities included in an Exchange
Registration Statement, each of the Electing Holders of Registrable Securities
included in a Shelf Registration Statement and each person who participates as
a placement or sales agent or as an underwriter in any offering or sale of such
Registrable Securities against any losses, claims, damages or liabilities,
joint or several, to which such holder, agent or underwriter 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 Exchange Registration Statement or Shelf Registration Statement, as the
case may be, under which such Registrable Securities were registered under the
Securities Act, or any preliminary, final or summary prospectus contained
therein or furnished by the Company to any such holder, Electing Holder, agent
or underwriter, 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 will reimburse such holder, such Electing Holder, such agent
and such underwriter 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 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 registration
statement, or preliminary, final or summary prospectus, or amendment or
supplement thereto (i) in reliance upon and in conformity with written
information furnished to the Company by such person expressly for use therein
or (ii) distributed by such person in contravention of a reasonable written
direction provided by the Company to such person in advance of such
distribution in accordance with Section 3(e).

(b)                               Indemnification
by the Holders and any Agents and Underwriters. The Company may require, as
a condition to including any Registrable Securities in any registration
statement filed or designated pursuant to Section 2(b) hereof and to entering
into any underwriting agreement with respect thereto, that the Company shall
have received an undertaking reasonably satisfactory to it from the Electing
Holder of such Registrable Securities and from each underwriter named in any
such underwriting agreement, severally and not jointly, to (i) indemnify
and hold harmless the Company, the Subsidiary Guarantors, each person who
controls the Company or any of the Subsidiary Guarantors within the meaning of
the Securities Act or Exchange Act and all other holders of Registrable
Securities, against any losses, claims, damages or liabilities to which the
Company, the Subsidiary Guarantors
or such other holders of Registrable Securities 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
registration statement, or any preliminary, final or summary prospectus
contained therein or furnished by the Company to any such Electing Holder,
agent or underwriter, or any amendment or supplement thereto, or arise out of
or are based upon the omission or alleged

 18
 

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 or underwriter 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; provided,
however, that no such Electing Holder shall be required to undertake
liability to any person under this Section 6(b) for any amounts in excess of
the dollar amount of the proceeds to be received by such Electing Holder from
the sale of such Electing Holder’s Registrable Securities pursuant to such
registration.

(c)                                  Notices of Claims, Etc. Promptly after
receipt by an indemnified party under subsection (a) or (b) above of written
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 pursuant to the
indemnification provisions of or contemplated by this Section 6, notify such
indemnifying party in writing of the commencement of such action; 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 Section 6(a) or 6(b) hereof.
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 reasonably 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 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.

(d)                                 Contribution. If for any reason the
indemnification provisions contemplated by Section 6(a) or Section 6(b) are
unavailable to or insufficient to hold harmless an indemnified party 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 

 19
 

such statement or omission. The parties
hereto agree that it would not be just and equitable if contributions pursuant
to this Section 6(d) were determined by pro rata allocation (even if the
holders or any agents or underwriters 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 6(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. Notwithstanding the provisions of this
Section 6(d), 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. 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 holders’ and any
underwriters’ obligations in this Section 6(d) to contribute shall be several
in proportion to the principal amount of Registrable Securities registered or
underwritten, as the case may be, by them and not joint.

(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 obligations of the holders and any
agents or underwriters contemplated by this Section 6 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.

7.                   Underwritten
Offerings.

(a)                                  Selection of Underwriters. If any of the
Registrable Securities covered by the Shelf Registration are to be sold
pursuant to an underwritten offering, the managing underwriter or underwriters
thereof shall be designated by Electing Holders holding at least a majority in
aggregate principal amount of the Registrable Securities to be included in such
offering, provided that such designated managing underwriter or underwriters is
or are reasonably acceptable to the Company.

(b)                                 Participation by Holders. Each holder of
Registrable Securities hereby agrees with each other such holder that no such
holder may participate in any underwritten offering hereunder unless such
holder (i) agrees to sell such holder’s Registrable Securities on the basis
provided in any underwriting arrangements approved by the persons entitled
hereunder to approve such arrangements and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents reasonably required under the 

 20
 

terms of such underwriting arrangements.

8.                    Rule 144. 
The Company covenants to the holders of Registrable Securities that to
the extent it shall be required to do so under the Exchange Act, the Company
shall timely file the reports required to be filed by it under the Exchange Act
or the Securities Act (including the reports under Section 13 and 15(d) of the
Exchange Act referred to in subparagraph (c)(1) of Rule 144 adopted by the
Commission under the Securities Act) and the rules and regulations adopted by
the Commission thereunder, and shall take such further action as any holder of
Registrable Securities may reasonably request, all to the extent required from
time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitations of the exemption
provided by Rule 144 under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter adopted
by the Commission. Upon the request of any holder of Registrable Securities in
connection with that holder’s sale pursuant to Rule 144, the Company shall
deliver to such holder a written statement as to whether it has complied with
such requirements.

9.                   Miscellaneous.

(a)                                  No Inconsistent Agreements.  The Company represents, warrants, covenants
and agrees that it has not granted, and shall not grant, registration rights
with respect to Registrable Securities or any other securities which would be
inconsistent with the terms contained in this Exchange and Registration Rights
Agreement.

(b)                                 Specific Performance.  The parties hereto acknowledge that there
would be no adequate remedy at law if the Company fails to perform any of its
obligations hereunder and that the Purchasers and the holders from time to time
of the Registrable Securities 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, shall be
entitled to compel specific performance of the obligations of the Company under
this Exchange and Registration Rights Agreement in accordance with the terms
and conditions of this Exchange and Registration Rights Agreement, in any court
of the United States or any State thereof having jurisdiction.

(c)                                  Notices.  All notices, requests, claims, demands,
waivers and other communications hereunder shall be in writing and shall be
deemed to have been duly given when delivered by hand, if delivered personally
or by courier, or three days after being deposited in the mail (registered or
certified mail, postage prepaid, return receipt requested) as follows: If to
the Company or a Subsidiary Guarantor, to the Company at 622 Third Avenue, 37th Floor, New York, New York 10017, and if to a
holder, to the address of such holder set forth in the security register or
other records of the Company, or to such other address as the Company or any
such holder may have furnished to the other in writing in accordance herewith,
except that notices of change of address shall be effective only upon receipt.

(d)                                 Parties in Interest.  All the terms and provisions of this Exchange
and Registration Rights Agreement shall be binding upon, shall inure to the
benefit of and shall be enforceable by the parties hereto and the holders from
time to time of the Registrable Securities and the respective successors and
assigns of the parties hereto and such holders. 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 deemed a beneficiary hereof for all purposes and such Registrable
Securities shall be held subject to all of the terms of this Exchange and 

 21

Registration Rights Agreement, and by taking
and holding such Registrable Securities such transferee shall be entitled to
receive the benefits of, and be conclusively deemed to have agreed to be bound
by all of the applicable terms and provisions of this Exchange and Registration
Rights Agreement. If the Company shall so request, any such successor, assign
or transferee shall agree in writing to acquire and hold the Registrable
Securities subject to all of the applicable terms hereof.

(e)                                  Survival. The respective indemnities,
agreements, representations, warranties and each other provision set forth in
this Exchange and Registration Rights Agreement or made pursuant hereto shall
remain in full force and effect regardless of any investigation (or statement as
to the results thereof) made by or on behalf of any holder of Registrable
Securities, any director, officer or partner of such holder, any agent or
underwriter or any director, officer or partner thereof, or any controlling
person of any of the foregoing, and shall survive delivery of and payment for
the Registrable Securities pursuant to the Purchase Agreement and the transfer
and registration of Registrable Securities by such holder and the consummation
of an Exchange Offer.

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

(g)                                 Headings. 
The descriptive headings of the several Sections and paragraphs of this
Exchange and Registration Rights Agreement are inserted for convenience only,
do not constitute a part of this Exchange and Registration Rights Agreement and
shall not affect in any way the meaning or interpretation of this Exchange and
Registration Rights Agreement.

(h)                                 Entire Agreement; Amendments.  This Exchange and Registration Rights
Agreement and the other writings referred to herein (including the Indenture
and the form of Securities) or delivered pursuant hereto which form a part
hereof contain the entire understanding of the parties with respect to its
subject matter. This Exchange and Registration Rights Agreement supersedes all
prior agreements and understandings between the parties with respect to its
subject matter. This Exchange and Registration Rights Agreement may be amended
and the observance of any term of this Exchange and Registration Rights
Agreement may be waived (either generally or in a particular instance and
either retroactively or prospectively) only by a written instrument duly
executed by the Company and the holders of at least a majority in aggregate
principal amount of the Registrable Securities at the time outstanding. Each
holder of any Registrable Securities at the time or thereafter outstanding
shall be bound by any amendment or waiver effected pursuant to this Section
9(h), whether or not any notice, writing or marking indicating such amendment
or waiver appears on such Registrable Securities or is delivered to such
holder.

(i)                                     Inspection.  For so long as this Exchange and Registration
Rights Agreement shall be in effect, this Exchange and Registration Rights
Agreement and a complete list of the names and addresses of all the holders of
Registrable Securities shall be made available for inspection and copying on
any business day by any holder of Registrable Securities for proper purposes
only (which shall include any purpose related to the rights of the holders of
Registrable Securities under the Securities, the Indenture and this Agreement)
at the offices of the Company at the address thereof set forth in Section 9(c)
above and at the office of the Trustee under the Indenture.

(j)                                     Counterparts.  This agreement may be executed by the parties
in separate counterparts, each of which shall be deemed to be an original, but
all such respective counterparts shall 

 22
 

together constitute one and the same
instrument.

[SIGNATURE PAGES FOLLOW]

 23
 

If the foregoing is in
accordance with your understanding, please sign and return to us eight
counterparts hereof, and upon the acceptance hereof by you, on behalf of each
of the Purchasers, this letter and such acceptance hereof shall constitute a
binding agreement among each of the Purchasers, the Subsidiary Guarantors and
the Company.  It is understood that your
acceptance of this letter on behalf of each of the Purchasers is pursuant to the
authority set forth in a form of Agreement among Purchasers, the form of which
shall be submitted to the Company for examination upon request, but without
warranty on your part as to the authority of the signers thereof.

	
  

  	
  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.

  
	
   

  	
   

  	
  Asbury Atlanta Jaguar L.L.C.

  

 

 24
 

 

	
  

  	
   

  	
  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.

  
	
   

  	
   

  	
  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.)

  

 

 25
 

 

	
  

  	
   

  	
  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.

  
	
   

  	
   

  	
  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.

  

 

 26
 

 

	
  

  	
   

  	
  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.

  
	
   

  	
   

  	
  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.)

  

 

 27
 

 

	
  

  	
   

  	
  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.)

  
	
   

  	
   

  	
  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

  

 

 28
 

 

	
  

  	
  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

  

 

 29
 

 

	
  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

  	
   

  
				

 

 30

Exhibit 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”) 7.625% Senior
Subordinated  Notes due 2017 (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.

Asbury Automotive Group, Inc.

Notice of Registration
Statement

and

Selling Securityholder Questionnaire

(Date)

Reference is hereby made
to the Exchange and Registration Rights Agreement (the “Exchange and
Registration Rights Agreement”) between Asbury Automotive Group, Inc. (the “Company”)
and the Purchasers named therein. 
Pursuant to the Exchange and Registration Rights Agreement, 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 Securities Act of 1933, as 

* [Not less than 28 calendar days from date of
mailing.]

 A-1
 

amended (the “Securities
Act”), of the Company’s 7.625% Senior Subordinated  Notes
due 2017 (the “Securities”).  A copy of
the Exchange and Registration Rights Agreement is attached hereto.  All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Exchange and
Registration Rights Agreement.

Each beneficial owner of
Registrable Securities (as defined below) is entitled to have the Registrable
Securities beneficially owned by it included in the Shelf Registration
Statement.  In order to have Registrable
Securities included in the Shelf Registration Statement, this Notice of
Registration Statement and Selling Securityholder Questionnaire (“Notice and
Questionnaire”) must be completed, executed and delivered to the Company’s
counsel 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.

The term “Registrable
Securities” is defined in the Exchange and Registration Rights Agreement.

 A-2
 

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 Exchange and Registration Rights Agreement, including,
without limitation, Section 6 of the Exchange and 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 Trustee
the Notice of Transfer set forth in Appendix A to the Prospectus and as
Exhibit B to the Exchange and Registration Rights Agreement.

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

 A-3
 

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 does not beneficially
own any Securities.

(a)                      Principal
amount of Registrable Securities beneficially owned:  

CUSIP No(s). of such
Registrable Securities:  

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

CUSIP No(s). 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:           

(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 other securities of the Company,
other than the Securities listed above in Item (3).

State
any exceptions here:

 A-4
 

(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 Registered
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:

By signing below, the
Selling Securityholder acknowledges that it understands its obligation to
comply, and agrees that it will comply, with the provisions of 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 Exchange and
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 in
connection with the preparation of the Shelf Registration Statement and related
Prospectus.

 A-5
 

In accordance with the
Selling Securityholder’s obligation under Section 3(d) of the Exchange and
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 Exchange and 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, NY  10019

Attention: Thomas
E. Dunn

 

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

 A-6
 

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: Thomas
E. Dunn

 A-7

Exhibit B

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”)

7.625% Senior Subordinated  Notes due 2017

Dear Sirs:

Please be advised that                                                
has transferred $                                   
aggregate principal amount of the above-referenced 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 and that the above-named beneficial owner of the
Notes is named as a “Selling Holder” in the Prospectus dated [ ], 20[ ] or in supplements
thereto, and that the aggregate principal amount of the Notes transferred are
the Notes listed in such Prospectus opposite such owner’s name.

Dated:

	
  

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Name)

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Authorized Signature)

  

 

 B-1

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