SECOND AMENDED AND RESTATED SECURITIES PLEDGE AGREEMENT
Exhibit 10.14
SECOND AMENDED AND RESTATED
SECURITIES PLEDGE AGREEMENT
SECURITIES PLEDGE AGREEMENT
THIS SECOND AMENDED AND RESTATED SECURITIES PLEDGE AGREEMENT (this “Pledge Agreement”)
is made and entered into as of July 8, 2011 by SONIC AUTOMOTIVE, INC., a Delaware corporation (a
“Company” and a “Pledgor”), EACH OF THE UNDERSIGNED SUBSIDIARIES OF THE COMPANY AND
EACH OTHER PERSON WHO SHALL BECOME A PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (each a
“Pledgor” and, collectively with the Company, the “Pledgors”) and BANK OF AMERICA,
N.A., a national banking association, as Administrative Agent (in such capacity, the
“Administrative Agent”) for each of the lenders (the “Lenders”) now or hereafter
party to the Revolving Credit Agreement defined below (collectively with the Administrative Agent
and certain other Persons parties to Related Swap Contracts and Secured Cash Management
Arrangements as more particularly described in Section 17 hereof, the “Revolving
Secured Parties”). All capitalized terms used but not otherwise defined herein shall have the
respective meanings assigned thereto in the Revolving Credit Agreement.
W I T N E S S E T H:
WHEREAS, the Company, certain of the Lenders (the “Existing Lenders”) and the
Administrative Agent entered into that certain Amended and Restated Credit Agreement dated as of
January 15, 2010 (as amended prior to (but excluding) the date hereof, the “Existing Credit
Agreement”), pursuant to which certain of the Existing Lenders agreed to make available to the
Company a revolving credit facility, including a letter of credit subfacility and a swingline
subfacility; and
WHEREAS, the Company and certain Subsidiaries of the Company (the “Existing Pledgors”)
entered into an Amended and Restated Securities Pledge Agreement dated as of January 15, 2010 (as
amended prior to (but excluding) the date hereof, the “Existing Pledge Agreement”),
pursuant to which the Existing Pledgors have secured their obligations arising under the Existing
Credit Agreement; and
WHEREAS, the Company has requested that the Existing Credit Agreement be amended and restated
in order to, among other things, (a) extend the maturity date of the revolving credit facility
provided therein, (b) increase the maximum aggregate amount of the revolving credit facility
provided therein to $175,000,000, and (c) make certain other amendments to the Existing Credit
Agreement on the terms and conditions set forth in that certain Second Amended and Restated Credit
Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified
from time to time, the “Revolving Credit Agreement”) among the Company, the Administrative
Agent and the Lenders party thereto from time to time (the “Lenders”); and
WHEREAS, the Administrative Agent and the Lenders have agreed to enter into the Revolving
Credit Agreement, subject to, among other things, a condition that the parties amend and restate
the Existing Pledge Agreement as provided herein; and
WHEREAS, each of (i) the Company, as collateral security for the payment and performance of
the Obligations and the obligations and liabilities of any Loan Party now existing or hereafter
arising under Related Swap Contracts and Secured Cash Management Arrangements, and (ii) each other
Pledgor (including each Subsidiary party to a Joinder Agreement), as collateral security for the
payment and performance of its Guarantor’s Obligations (as defined in the Subsidiary Guaranty), and
the payment and performance of its obligations and liabilities (whether now existing or hereafter
arising) hereunder or under any of the other Loan Documents to which it is now or hereafter becomes
a party (such obligations and liabilities of the Pledgors described in clauses (i) and (ii) being
referred to as “Secured Obligations”), is willing to pledge and grant to the Administrative
Agent for the benefit of the Revolving Secured Parties a security interest in all of the Equity
Interests of certain of its Subsidiaries as more particularly described on Schedule I
attached hereto (collectively, the “Pledged Interests”), and certain related property (such
Subsidiaries, together with all other Subsidiaries whose Equity Interests may be required to be
subject to this Pledge Agreement from time to time, are hereinafter referred to collectively as the
“Pledged Subsidiaries”); and
WHEREAS, the Company and each Subsidiary party hereto will materially benefit from the Loans
to be made, and the Letters of Credit to be issued, under the Revolving Credit Agreement and each
such Subsidiary is a party (as signatory or by joinder) to the Subsidiary Guaranty pursuant to
which such Subsidiary guarantees the Obligations of the Company and the other Loan Parties; and
WHEREAS, the Revolving Secured Parties are unwilling to make available or maintain the credit
facilities under the Revolving Credit Agreement unless the Company and each other Pledgor enter
into this Pledge Agreement;
NOW, THEREFORE, in order to induce (i) the Lenders to amend and restate the Existing Credit
Agreement and (ii) the Revolving Secured Parties to enter into the Loan Documents and to make or
maintain the credit facilities provided for therein available to or for the account of the Company
and in consideration of the promises and the mutual covenants contained herein, the parties hereto
agree that the Existing Pledge Agreement is hereby amended and restated as follows:
1. Pledge of Pledged Interests; Other Collateral.
(a) As collateral security for the payment and performance by each Pledgor of its now
or hereafter existing Secured Obligations, each Pledgor hereby grants, pledges and
collaterally assigns to the Administrative Agent for the benefit of the Revolving Secured
Parties a first priority security interest in all of the following items of property in
which it now has or may at any time hereafter acquire an interest or the power to transfer
rights therein, and wheresoever located:
(i) the Pledged Interests; and
(ii) all money, securities, security entitlements and other investment
property, dividends, rights, general intangibles and other property at any time and
from time to time (x) declared or distributed in respect of or in exchange for or on
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conversion of any Pledged Interest, or (y) by its or their terms exchangeable
or exercisable for or convertible into any Pledged Interest; and
(iii) all other property of whatever character or description, including money,
securities, security entitlements and other investment property, and general
intangibles hereafter delivered to the Administrative Agent in substitution for or
as an addition to any of the foregoing; and
(iv) all securities accounts to which may at any time be credited any or all of
the foregoing or any proceeds thereof and all certificates and instruments
representing or evidencing any of the foregoing or any proceeds thereof; and
(v) all proceeds of any of the foregoing.
All such Pledged Interests, certificates, instruments, cash, securities, interests,
dividends, rights and other property referred to in clauses (i) through (v) of this
Section 1 are herein collectively referred to as the “Collateral.”
(b) Subject to Section 10(a), each Pledgor agrees to deliver all certificates,
instruments or other documents representing any Collateral to the Administrative Agent at
such location as the Administrative Agent shall from time to time designate by written
notice pursuant to Section 22 for its custody at all times until termination of this
Pledge Agreement, together with such instruments of assignment and transfer as requested by
the Administrative Agent.
(c) Each Pledgor agrees to execute and deliver, or cause to be executed and delivered
by other Persons, at Pledgor’s expense, all share certificates, documents, instruments,
agreements, financing statements (and amendments thereto and continuations thereof),
assignments, control agreements, or other writings as the Administrative Agent may
reasonably request from time to time to carry out the terms of this Pledge Agreement or to
protect or enforce the Administrative Agent’s Lien and security interest in the Collateral
hereunder granted to the Administrative Agent for the benefit of the Revolving Secured
Parties and further agrees to do and cause to be done upon the Administrative Agent’s
request, at Pledgor’s expense, all things determined by the Administrative Agent to be
necessary or advisable to perfect and keep in full force and effect the Lien in the
Collateral hereunder granted to the Administrative Agent for the benefit of the Revolving
Secured Parties, including the prompt payment of all out-of-pocket fees and expenses
incurred in connection with any filings made to perfect or continue the Lien and security
interest in the Collateral hereunder granted in favor of the Administrative Agent for the
benefit of the Revolving Secured Parties.
(d) All filing fees, advances, charges, costs and expenses (including fees, charges and
disbursements of counsel (“Attorney Costs”)), incurred or paid by the Administrative
Agent or any Lender in exercising any right, power or remedy conferred by this Pledge
Agreement, or in the enforcement thereof, shall become a part of the Secured Obligations
secured hereunder and shall be paid to the Administrative Agent for the benefit of the
Revolving Secured Parties by the Pledgor in respect of which the same
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was incurred immediately upon demand therefor, and any amounts not so paid on demand
(in addition to other rights and remedies resulting from such nonpayment) shall bear
interest from the date of demand until paid in full at the Default Rate.
(e) Each Pledgor agrees to register and cause to be registered the interest of the
Administrative Agent, for the benefit of the Revolving Secured Parties, in the Collateral on
its own books and records and the registration books of each of the Pledged Subsidiaries.
2. Status of Pledged Interests. Each Pledgor hereby represents, warrants and
covenants to the Administrative Agent for the benefit of the Revolving Secured Parties, with
respect to itself and the Collateral as to which it has or acquires any interest, that:
(a) All of the Pledged Interests are, as of the date of execution of this Pledge
Agreement or Joinder Agreement by each Pledgor pledging such Pledged Interests (such date as
applicable with respect to each Pledgor, its “Applicable Date”), and shall at all
times thereafter be validly issued and outstanding, fully paid and non-assessable, are
accurately described on Schedule I, and (except as set forth on Schedule I)
constitute all of the issued and outstanding Equity Interests of each Pledged Subsidiary.
(b) The Pledgor is as at its Applicable Date and shall at all times thereafter (subject
to Dispositions permitted under the Revolving Credit Agreement) be the sole registered and
record and beneficial owner of the Pledged Interests, free and clear of all Liens, charges,
equities, options, hypothecations, encumbrances and restrictions on pledge or transfer,
including transfer of voting rights (other than the pledge hereunder and applicable
restrictions pursuant to federal and state and applicable foreign securities laws). Without
limiting the foregoing, the Pledged Interests are not and will not be subject to any voting
trust, shareholders agreement, right of first refusal, voting proxy, power of attorney or
other similar arrangement (other than the rights hereunder in favor of the Administrative
Agent).
(c) At no time shall any Pledged Interests (i) be held or maintained in the form of a
security entitlement or credited to any securities account and (ii) which constitute a
“security” (or as to which the related Pledged Subsidiary has elected to have treated as a
“security”) under Article 8 of the Uniform Commercial Code of the State of North Carolina or
of any other jurisdiction whose laws may govern (the “UCC”) be maintained in the
form of uncertificated securities. With respect to Pledged Interests that are “securities”
under the UCC, or as to which the issuer has elected at any time to have such interests
treated as “securities” under the UCC, such Pledged Interests are, and shall at all times
be, represented by the share certificates listed on Schedule I hereto, which share
certificates, with stock powers duly executed in blank by the Pledgor, have been delivered
to the Administrative Agent or are being delivered to the Administrative Agent
simultaneously herewith or, in the case of Additional Interests as defined in Section
21, shall be delivered pursuant to Section 21. In addition, with respect to all
Pledged Interests, including Pledged Interests that are not “securities” under the UCC and
as to which the applicable Pledged Subsidiary has not elected to have such interests treated
as “securities” under the UCC, the Pledgor has at its Applicable Date delivered to the
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Administrative Agent (or has previously delivered to the Administrative Agent or, in
case of Additional Interests shall deliver pursuant to Section 21) Uniform
Commercial Code financing statements (or appropriate amendments thereto) duly authorized by
the Pledgor and naming the Administrative Agent for the benefit of the Revolving Secured
Parties as “secured party,” in form, substance and number sufficient in the reasonable
opinion of the Administrative Agent to be filed in all UCC filing offices and in all
jurisdictions in which filing is necessary or advisable to perfect in favor of the
Administrative Agent for the benefit of the Revolving Secured Parties the Lien on such
Pledged Interests, together with all required filing fees. Without limiting the foregoing
provisions of this Section 2(c), with respect to any Pledged Interests issued by any
Subsidiary organized under the laws of a jurisdiction other than the United States (a
“Foreign Subsidiary”), Pledgor shall deliver or cause to be delivered, (i) in
addition to or in substitution for all or any of the foregoing items, as the Administrative
Agent may elect, such other instruments, certificates, agreements, notices, filings, and
other documents, and take or cause to be taken such other action, as the Administrative
Agent may determine to be necessary or advisable under the laws of the jurisdiction of
formation of such Foreign Subsidiary, to grant, perfect and protect as a first priority lien
in such Collateral in favor of the Administrative Agent for the benefit of the Revolving
Secured Parties, and (ii) an opinion of counsel acceptable in form and substance to the
Administrative Agent issued by a law firm acceptable to the Administrative Agent licensed to
practice law in such foreign jurisdiction, addressing with respect to such Pledged Interests
the matters described in Section 6.14 of the Revolving Credit Agreement.
(d) It has full corporate power, legal right and lawful authority to execute this
Pledge Agreement (and any Joinder Agreement applicable to it) and to pledge, assign and
transfer its Pledged Interests in the manner and form hereof.
(e) The pledge, assignment and delivery of its Pledged Interests (along with undated
stock powers executed in blank, financing statements and other agreements referred to in
Section 2(c) hereof) to the Administrative Agent for the benefit of the Revolving
Secured Parties pursuant to this Pledge Agreement (or any Joinder Agreement) creates or
continues, as applicable, a valid and perfected first priority security interest in such
Pledged Interests in favor of the Administrative Agent for the benefit of the Revolving
Secured Parties, securing the payment of the Secured Obligations, assuming, in the case of
the Pledged Interests which constitute certificated “securities” under the UCC, continuous
and uninterrupted possession by or on behalf of the Administrative Agent. The Pledgor will
at its own cost and expense defend the Revolving Secured Parties’ right, title and security
interest in and to the Collateral against the claims and demands of all persons whomsoever.
(f) Except as otherwise expressly provided herein pursuant to a Disposition permitted
under the Revolving Credit Agreement, none of the Pledged Interests (nor any interest
therein or thereto) shall be sold, transferred or assigned without the Administrative
Agent’s prior written consent, which may be withheld for any reason.
(g) It shall at all times cause the Pledged Interests of such Pledgor that constitute
“securities” (or as to which the issuer elects to have treated as “securities”)
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under the UCC to be represented by the certificates now and hereafter delivered to the
Administrative Agent in accordance with Sections 1, 2 and 21 hereof
and that it shall cause each of the Pledged Subsidiaries as to which it is the Pledgor not
to issue any Equity Interests, or securities convertible into, or exchangeable or
exercisable for, Equity Interests, at any time during the term of this Pledge Agreement
unless the Pledged Interests of such Pledge Subsidiary are issued solely to either (y) such
Pledgor who shall immediately comply with Sections 2 and 21 hereof with
respect to such property or (z) the Company or a Subsidiary Guarantor who shall immediately
pledge such additional Equity Interests to the Administrative Agent for the benefit of the
Revolving Secured Parties pursuant to Section 21 or 23 hereof, as
applicable, on substantially identical terms as are contained herein and deliver or cause to
be delivered the appropriate documents described in Section 2(c) hereof to the
Administrative Agent and take such further actions as the Administrative Agent may deem
necessary in order to perfect a first priority security interest in such Equity Interests.
(h) The exact legal name and address, type of Person, jurisdiction of formation,
jurisdiction of formation identification number (if any), and location of the chief
executive office of such Pledgor are as specified on Schedule II attached hereto.
No Pledgor shall change its name, jurisdiction of formation (whether by reincorporation,
merger or otherwise), or the location of its chief executive office, except upon giving not
less than thirty (30) days’ prior written notice to the Administrative Agent and taking or
causing to be taken all such action at such Pledgor’s expense as may be reasonably requested
by the Administrative Agent to perfect or maintain the perfection of the Lien of the
Administrative Agent in Collateral.
3. Preservation and Protection of Collateral.
(a) The Administrative Agent shall be under no duty or liability with respect to the
collection, protection or preservation of the Collateral, or otherwise, beyond the use of
reasonable care in the custody and preservation thereof while in its possession.
(b) Each Pledgor agrees to pay when due all taxes, charges, Liens and assessments
against the Collateral in which it has an interest, unless being contested in good faith by
appropriate proceedings diligently conducted and against which adequate reserves have been
established in accordance with GAAP applied on a basis consistent with that used in
preparing the Audited Financial Statements and evidenced to the satisfaction of the
Administrative Agent and provided that all enforcement proceedings in the nature of levy or
foreclosure are effectively stayed. Upon the failure of any Pledgor to so pay or contest
such taxes, charges, Liens or assessments, or upon the failure of any Pledgor to pay any
amount pursuant to Section 1(c), the Administrative Agent at its option may pay or
contest any of them (the Administrative Agent having the sole right to determine the
legality or validity and the amount necessary to discharge such taxes, charges, Liens or
assessments) but shall not have any obligation to make any such payment or contest. All
sums so disbursed by the Administrative Agent, including Attorney Costs, court costs,
expenses and other charges related thereto, shall be payable on demand by the applicable
Pledgor to the Administrative Agent and shall be additional Secured Obligations secured by
the Collateral, and any amounts not so paid on demand
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(in addition to other rights and remedies resulting from such nonpayment) shall bear
interest from the date of demand until paid in full at the Default Rate.
(c) Each Pledgor hereby (i) irrevocably authorizes the Administrative Agent to file
(with, or to the extent permitted by applicable law, without the signature of the Pledgor
appearing thereon) financing statements (including amendments thereto and continuations and
copies thereof) showing such Pledgor as “debtor” at such time or times and in all filing
offices as the Administrative Agent may from time to time reasonably determine to be
necessary or advisable to perfect or protect the rights of the Administrative Agent and the
Revolving Secured Parties hereunder, or otherwise to give effect to the transactions herein
contemplated, and (ii) irrevocably ratifies and acknowledges all such actions taken by or on
behalf of the Administrative Agent prior to the Applicable Date.
4. Default. Upon the occurrence and during the continuance of any Event of Default,
the Administrative Agent is given full power and authority, then or at any time thereafter, to
sell, assign, deliver or collect the whole or any part of the Collateral, or any substitute
therefor or any addition thereto, in one or more sales, with or without any previous demands or
demand of performance or, to the extent permitted by law, notice or advertisement, in such order as
the Administrative Agent may elect; and any such sale may be made either at public or private sale
at the Administrative Agent’s place of business or elsewhere, either for cash or upon credit or for
future delivery, at such price or prices as the Administrative Agent may reasonably deem fair; and
the Administrative Agent or any other Revolving Secured Party may be the purchaser of any or all
Collateral so sold and hold the same thereafter in its own right free from any claim of any Pledgor
or right of redemption. Demands of performance, advertisements and presence of property and sale
and notice of sale are hereby waived to the extent permissible by law. Any sale hereunder may be
conducted by an auctioneer or any officer or agent of the Administrative Agent. Each Pledgor
recognizes that the Administrative Agent may be unable to effect a public sale of the Collateral by
reason of certain prohibitions contained in the Securities Act of 1933, as amended (the
“Securities Act”), and applicable state law, and may be otherwise delayed or adversely
affected in effecting any sale by reason of present or future restrictions thereon imposed by
governmental authorities, and that as a consequence of such prohibitions and restrictions the
Administrative Agent may be compelled (i) to resort to one or more private sales to a restricted
group of purchasers who will be obliged to agree, among other things, to acquire the Collateral for
their own account, for investment and not with a view to the distribution or resale thereof, or
(ii) to seek regulatory approval of any proposed sale or sales, or (iii) to limit the amount of
Collateral sold to any Person or group. Each Pledgor agrees and acknowledges that private sales so
made may be at prices and upon terms less favorable to such Pledgor than if such Collateral was
sold either at public sales or at private sales not subject to other regulatory restrictions, and
that the Administrative Agent has no obligation to delay the sale of any of the Collateral for the
period of time necessary to permit the Pledged Subsidiary to register or otherwise qualify the
Collateral, even if such Pledged Subsidiary would agree to register or otherwise qualify such
Collateral for public sale under the Securities Act or applicable state law. Each Pledgor further
agrees, to the extent permitted by applicable law, that the use of private sales made under the
foregoing circumstances to dispose of the Collateral shall be deemed to be dispositions in a
commercially reasonable manner. Each Pledgor hereby acknowledges that a ready market may not exist
for the Pledged Interests if they are not traded
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on a national securities exchange or quoted on an automated quotation system and agrees and
acknowledges that in such event the Pledged Interests may be sold for an amount less than a pro
rata share of the fair market value of the Pledged Subsidiary’s assets minus its liabilities. In
addition to the foregoing, the Revolving Secured Parties may exercise such other rights and
remedies as may be available under the Loan Documents, at law (including without limitation the
UCC) or in equity.
5. Proceeds of Sale. The net cash proceeds resulting from the collection,
liquidation, sale, or other disposition of the Collateral shall be applied first to the expenses
(including all Attorney Costs) of retaking, holding, storing, processing and preparing for sale,
selling, collecting, liquidating and the like, and then to the satisfaction of all Secured
Obligations in accordance with the terms of Section 8.03 of the Revolving Credit Agreement.
Each Pledgor shall be liable to the Administrative Agent, for the benefit of the Revolving Secured
Parties, and shall pay to the Administrative Agent, for the benefit of the Revolving Secured
Parties, on demand any deficiency which may remain after such sale, disposition, collection or
liquidation of the Collateral.
6. Presentments, Demands and Notices. The Administrative Agent shall not be under any
duty or obligation whatsoever to make or give any presentments, demands for performances, notices
of nonperformance, protests, notice of protest or notice of dishonor in connection with any
obligations or evidences of indebtedness held thereby as collateral, or in connection with any
obligations or evidences of indebtedness which constitute in whole or in part the Secured
Obligations secured hereunder.
7. Attorney-in-Fact. Each Pledgor hereby appoints the Administrative Agent as the
Pledgor’s attorney-in-fact for the purposes of carrying out the provisions of this Pledge Agreement
and taking any action and executing any instrument which the Administrative Agent may deem
necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and
coupled with an interest; provided, that the Administrative Agent shall have and may
exercise rights under this power of attorney only upon the occurrence and during the continuance of
an Event of Default. Without limiting the generality of the foregoing, upon the occurrence and
during the continuance of an Event of Default, the Administrative Agent shall have the right and
power to receive, endorse and collect all checks and other orders for the payment of money made
payable to any Pledgor representing any dividend, interest payment, principal payment or other
distribution payable or distributable in respect to the Collateral or any part thereof and to give
full discharge for the same.
8. Reinstatement. The granting of a security interest in the Collateral and the other
provisions hereof shall continue to be effective or be reinstated, as the case may be, if at any
time any payment of any of the Secured Obligations is rescinded or must otherwise be returned by
any Revolving Secured Party or is repaid by any Revolving Secured Party in whole or in part in good
faith settlement of a pending or threatened avoidance claim, whether upon the insolvency,
bankruptcy or reorganization of any Pledgor or any other Loan Party or otherwise, all as though
such payment had not been made. The provisions of this Section 8 shall survive repayment of
all of the Secured Obligations and the termination or expiration of this Pledge Agreement in any
manner, including but not limited to termination upon occurrence of the Facility Termination Date.
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9. Waiver by the Pledgors. Each Pledgor waives to the extent permitted by applicable
law (a) any right to require any Revolving Secured Party or any other obligee of the Secured
Obligations to (i) proceed against any Person or entity, including without limitation any Loan
Party, (ii) proceed against or exhaust any Collateral or other collateral for the Secured
Obligations, or (iii) pursue any other remedy in its power, (b) any defense arising by reason of
any disability or other defense of any other Person, or by reason of the cessation from any cause
whatsoever of the liability of any other Person or entity, (c) any right of subrogation, (d) any
right to enforce any remedy which any Revolving Secured Party or any other obligee of the Secured
Obligations now has or may hereafter have against any other Person and any benefit of and any right
to participate in any collateral or security whatsoever now or hereafter held by the Administrative
Agent for the benefit of the Revolving Secured Parties. Each Pledgor authorizes each Revolving
Secured Party and each other obligee of the Secured Obligations without notice (except notice
required by applicable law) or demand and without affecting its liability hereunder or under the
Loan Documents from time to time to: (x) take and hold security, other than the Collateral herein
described, for the payment of such Secured Obligations or any part thereof, and exchange, enforce,
waive and release the Collateral herein described or any part thereof or any such other security;
and (y) apply such Collateral or other security and direct the order or manner of sale thereof as
such Revolving Secured Party or obligee in its discretion may determine.
The Administrative Agent may at any time deliver (without representation, recourse or
warranty) the Collateral or any part thereof to a Pledgor and the receipt thereof by such Pledgor
shall be a complete and full acquittance for the Collateral so delivered, and the Administrative
Agent shall thereafter be discharged from any liability or responsibility therefor.
10. Dividends and Voting Rights.
(a) All dividends and other distributions with respect to any of the Pledged Interests
shall be subject to the pledge hereunder, provided, however, that cash
dividends paid to a Pledgor as record owner of the Pledged Interests, to the extent
permitted by the Revolving Credit Agreement to be declared and paid, may be retained by such
Pledgor so long as no Event of Default shall have occurred and be continuing, free from any
Liens hereunder.
(b) So long as no Event of Default shall have occurred and be continuing, the
registration of the Collateral in the name of a Pledgor as record and beneficial owner shall
not be changed and such Pledgor shall be entitled to exercise all voting and other rights
and powers pertaining to the Collateral for all purposes not inconsistent with the terms of
the Loan Documents.
(c) Upon the occurrence and during the continuance of any Event of Default, all rights
of the Pledgors to receive and retain cash dividends and other distributions upon the
Collateral pursuant to subsection (a) above shall cease and shall thereupon be vested in the
Administrative Agent for the benefit of the Revolving Secured Parties, and each Pledgor
shall promptly deliver, or shall cause to be promptly delivered, all such cash dividends and
other distributions with respect to the Pledged Interests to the Administrative Agent
(together, if the Administrative Agent shall request, with the documents described in
Sections 1(c) and 2(c) hereof or other negotiable documents or
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instruments so distributed) to be held by it hereunder or, at the option of the
Administrative Agent, to be applied to the Secured Obligations. Pending delivery to the
Administrative Agent of such property, each Pledgor shall keep such property segregated from
its other property and shall be deemed to hold the same in trust for the benefit of the
Revolving Secured Parties.
(d) Upon the occurrence and during the continuance of any Event of Default, at the
option of the Administrative Agent, all rights of each of the Pledgors to exercise the
voting or consensual rights and powers which it is authorized to exercise pursuant to
subsection (b) above shall cease and the Administrative Agent may thereupon (but shall not
be obligated to), at its request, cause such Collateral to be registered in the name of the
Administrative Agent or its nominee or agent for the benefit of the Revolving Secured
Parties and/or exercise such voting or consensual rights and powers as appertain to
ownership of such Collateral, and to that end each Pledgor hereby appoints the
Administrative Agent as its proxy, with full power of substitution, to vote and exercise all
other rights as a shareholder with respect to such Pledged Interests hereunder upon the
occurrence and during the continuance of any Event of Default, which proxy is coupled with
an interest and is irrevocable until the Facility Termination Date, and each Pledgor hereby
agrees to provide such further proxies as the Administrative Agent may request;
provided, however, that the Administrative Agent in its discretion may from
time to time refrain from exercising, and shall not be obligated to exercise, any such
voting or consensual rights or such proxy.
11. Continued Powers. Until the Facility Termination Date shall have occurred, the
power of sale and other rights, powers and remedies granted to the Administrative Agent for the
benefit of the Revolving Secured Parties hereunder shall continue to exist and may, at any time
after the occurrence and during the continuance of an Event of Default, be exercised by the
Administrative Agent at any time and from time to time irrespective of the fact that any of the
Secured Obligations or any part thereof may have become barred by any statute of limitations or
that any part of the liability of any Pledgor may have ceased.
12. Other Rights. The rights, powers and remedies given to the Administrative Agent
for the benefit of the Revolving Secured Parties by this Pledge Agreement shall be in addition to
all rights, powers and remedies given to the Administrative Agent or any Revolving Secured Party
under any other Loan Document or by virtue of any statute or rule of law. Any forbearance or
failure or delay by the Administrative Agent in exercising any right, power or remedy hereunder
shall not be deemed to be a waiver of such right, power or remedy, and any single or partial
exercise of any right, power or remedy hereunder shall not preclude the further exercise thereof;
and every right, power and remedy of the Revolving Secured Parties shall continue in full force and
effect until such right, power or remedy is specifically waived in accordance with the terms of the
Revolving Credit Agreement.
13. Anti-Marshaling Provisions. The right is hereby given by each Pledgor to the
Administrative Agent, for the benefit of the Revolving Secured Parties, to make releases (whether
in whole or in part) of all or any part of the Collateral agreeable to the Administrative Agent
without notice to, or the consent, approval or agreement of other parties and interests, including
junior lienors, which releases shall not impair in any manner the validity of or priority
10
of the Liens and security interests in the remaining Collateral conferred hereunder, nor
release any Pledgor from personal liability for the Secured Obligations. Notwithstanding the
existence of any other security interest in the Collateral held by the Administrative Agent, for
the benefit of the Revolving Secured Parties, the Administrative Agent shall have the right to
determine the order in which any or all of the Collateral shall be subjected to the remedies
provided in this Pledge Agreement. Each Pledgor hereby waives any and all right to require the
marshaling of assets in connection with the exercise of any of the remedies permitted by applicable
law or provided herein or in any Loan Document.
14. Entire Agreement. This Pledge Agreement and each Joinder Agreement, together with
the Revolving Credit Agreement and other Loan Documents, constitutes and expresses the entire
understanding between the parties hereto with respect to the subject matter hereof, and supersedes
all prior negotiations, agreements and understandings, inducements, commitments or conditions,
express or implied, oral or written, except as herein contained. The express terms hereof and of
the Joinder Agreements control and supersede any course of performance or usage of the trade
inconsistent with any of the terms hereof and thereof. Neither this Pledge Agreement nor any
Joinder Agreement nor any portion or provision hereof or thereof may be changed, altered, modified,
supplemented, discharged, canceled, terminated, or amended orally or in any manner other than as
provided in the Revolving Credit Agreement.
15. Further Assurances. Each Pledgor agrees at its own expense to do such further
acts and things, and to execute and deliver, and cause to be executed and delivered as may be
necessary or advisable to give effect thereto, such additional conveyances, assignments, financing
statements, control agreements, documents, certificates, stock powers, agreements and instruments,
as the Administrative Agent may at any time reasonably request in connection with the
administration or enforcement of this Pledge Agreement or any Joinder Agreement or related to the
Collateral or any part thereof or in order better to assure and confirm unto the Administrative
Agent its rights, powers and remedies for the benefit of the Revolving Secured Parties hereunder or
thereunder. Each Pledgor hereby consents and agrees that the Pledged Subsidiaries and all other
Persons, shall be entitled to accept the provisions hereof and of the Joinder Agreements as
conclusive evidence of the right of the Administrative Agent, on behalf of the Revolving Secured
Parties, to exercise its rights, privileges, and remedies hereunder and thereunder with respect to
the Collateral, notwithstanding any other notice or direction to the contrary heretofore or
hereafter given by any Pledgor or any other Person to any of such Pledged Subsidiaries or other
Persons.
16. Binding Agreement; Assignment. This Pledge Agreement and each Joinder Agreement,
and the terms, covenants and conditions hereof and thereof, shall be binding upon and inure to the
benefit of the parties hereto, and to their respective successors and assigns, except that no
Pledgor shall be permitted to assign this Pledge Agreement, any Joinder Agreement or any interest
herein or therein or in the Collateral, or any part thereof or interest therein, or otherwise
pledge, encumber or grant any option with respect to the Collateral, or any part thereof, or any
cash or property held by the Administrative Agent as Collateral under this Pledge Agreement.
Without limiting the generality of the foregoing sentence of this Section 16, any Lender
may assign to one or more Persons, or grant to one or more Persons participations in or to, all or
any part of its rights and obligations under the Revolving Credit Agreement (to the extent
permitted by the Revolving Credit Agreement); and to the extent of any such permitted
11
assignment or participation such other Person shall, to the fullest extent permitted by law,
thereupon become vested with all the benefits in respect thereof granted to such Lender herein or
otherwise, subject however, to the provisions of the Revolving Credit Agreement, including
Article IX thereof (concerning the Administrative Agent) and Section 10.06 thereof
(concerning assignments and participations). All references herein to the Administrative Agent and
to the Revolving Secured Parties shall include any successor thereof or permitted assignee, and any
other obligees from time to time of the Secured Obligations.
17. Related Swap Contracts and Secured Cash Management Arrangements. All obligations
of any Pledgor under or in respect of Related Swap Contracts and Secured Cash Management
Arrangements (which are not prohibited under the terms of the Revolving Credit Agreement) to which
any Lender or any Affiliate of any Lender is a party, shall be deemed to be Secured Obligations
secured hereby, and each Lender or Affiliate of a Lender party to any such Related Swap Contract or
Secured Cash Management Arrangement shall be deemed to be a Revolving Secured Party hereunder with
respect to such Secured Obligations; provided, however, that such obligations shall
cease to be Secured Obligations at such time, prior to the Facility Termination Date, as such
Person (or Affiliate of such Person) shall cease to be a “Lender” under the Revolving
Credit Agreement.
No Person who obtains the benefit of any Lien by virtue of the provisions of this Section
shall have any right to notice of any action or to consent to, direct or object to any action
hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the
release or impairment of any Collateral) other than in its capacity as a Lender and only to the
extent expressly provided in the Loan Documents. Notwithstanding any other provisions of this
Pledge Agreement to the contrary, the Administrative Agent shall only be required to verify the
payment of, or that other satisfactory arrangements have been made with respect to, the Secured
Obligations arising under Related Swap Contracts or Secured Cash Management Arrangements to the
extent the Administrative Agent has received written notice of such Obligations, together with
such supportive documentation as it may request from the applicable Lender or Affiliate of a
Lender. Each Revolving Secured Party not a party to the Revolving Credit Agreement who obtains the
benefit of this Pledge Agreement by virtue of the provisions of this Section shall be deemed to
have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of
the Revolving Credit Agreement, and that with respect to the actions and omissions of the
Administrative Agent hereunder or otherwise relating hereto that do or may affect such Revolving
Secured Party, the Administrative Agent and each of its Related Parties shall be entitled to all
the rights, benefits and immunities conferred under Article IX of the Revolving Credit
Agreement.
18. Severability. The provisions of this Pledge Agreement are independent of and
separable from each other. If any provision hereof shall for any reason be held invalid or
unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability
of any other provision hereof, but this Pledge Agreement shall be construed as if such invalid or
unenforceable provision had never been contained herein.
19. Counterparts. This Pledge Agreement may be executed in any number of counterparts
each of which when so executed and delivered shall be deemed an original, and it shall not be
necessary in making proof of this Pledge Agreement to produce or account for more
12
than one such counterpart executed by the Pledgor against whom enforcement is sought. Without
limiting the foregoing provisions of this Section 19, the provisions of Section
10.10 of the Revolving Credit Agreement shall be applicable to this Pledge Agreement.
20. Termination. Subject to the provisions of Section 8, this Pledge
Agreement and each Joinder Agreement, and all obligations of the Pledgors hereunder (excluding
those obligations and liabilities that expressly survive such termination) shall terminate without
delivery of any instrument or performance of any act by any party on the Facility Termination Date.
Upon such termination of this Pledge Agreement, the Administrative Agent shall, at the sole
expense of the Pledgors, promptly deliver to the Pledgors the certificates evidencing its shares of
Pledged Interests (and any other property received as a dividend or distribution or otherwise in
respect of such Pledged Interests to the extent then held by the Administrative Agent as additional
Collateral hereunder), together with any cash then constituting the Collateral not then sold or
otherwise disposed of in accordance with the provisions hereof, and take such further actions at
the request of the Pledgors as may be necessary to effect the same.
21. Additional Interests. If any Pledgor shall at any time acquire or hold any
additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed
on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge
Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such
shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver
to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement
Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly
completed and executed by such Pledgor and (iii) any other document required in connection with
such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the
requirements of this Section 21 concurrently with the acquisition of any such Additional
Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving
Credit Agreement applies, within the time period specified in such Section or elsewhere in
the Revolving Credit Agreement with respect to such Additional Interests; provided,
however, that the failure to comply with the provisions of this Section 21 shall
not impair the Lien on Additional Interests conferred hereunder.
22. Notices. Any notice required or permitted hereunder shall be given (a) with
respect to the Company and each Subsidiary which is a Pledgor hereunder, at the address of the
Company indicated in Schedule 10.02 of the Revolving Credit Agreement, (b) with respect to
the Administrative Agent or a Revolving Secured Party, at the Administrative Agent’s address
indicated in Schedule 10.02 of the Revolving Credit Agreement. All such addresses may be
modified, and all such notices shall be given and shall be effective, as provided in Section
10.02 of the Revolving Credit Agreement for the giving and effectiveness of notices and
modifications of addresses thereunder.
23. Joinder. Each Person who shall at any time execute and deliver to the
Administrative Agent a Joinder Agreement and who is identified therein as a “Pledgor” shall
thereupon irrevocably, absolutely and unconditionally become a party hereto and obligated hereunder
as a Pledgor and shall have thereupon pursuant to Section 1 hereof granted a security
interest in and collaterally assigned and pledged to the Administrative Agent for the benefit of
the Revolving Secured Parties all Pledged Interests which it has at its Applicable Date or
13
thereafter acquires any interest or the power to transfer, and all references herein and in
the other Loan Documents to the Pledgors or to the parties to this Pledge Agreement shall be deemed
to include such Person as a Pledgor hereunder. Each such Joinder Agreement shall be accompanied by
the Supplemental Schedules referred to therein, appropriately completed with information relating
to the Pledgor executing such Joinder Agreement and its property. Each of the applicable Schedules
attached hereto shall be deemed amended and supplemented without further action by such information
reflected on the Supplemental Schedules to each such Joinder Agreement.
24. Rules of Interpretation. The rules of interpretation contained in Sections
1.03 and 1.06 of the Revolving Credit Agreement shall be applicable to this Pledge
Agreement and each Joinder Agreement and are hereby incorporated by reference. All representations
and warranties contained herein shall survive the delivery of documents and any Credit Extensions
referred to herein or secured hereby.
25. Governing Law; Waivers.
(a) THIS PLEDGE AGREEMENT AND EACH JOINDER AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA APPLICABLE TO
CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE.
(b) EACH PLEDGOR HEREBY EXPRESSLY AND IRREVOCABLY AGREES AND CONSENTS THAT ANY SUIT,
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS PLEDGE AGREEMENT OR ANY JOINDER
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN MAY BE INSTITUTED IN ANY STATE
OR FEDERAL COURT SITTING IN MECKLENBURG COUNTY, STATE OF NORTH CAROLINA, UNITED STATES OF
AMERICA AND, BY THE EXECUTION AND DELIVERY OF THIS PLEDGE AGREEMENT OR A JOINDER AGREEMENT,
EXPRESSLY WAIVES ANY OBJECTION THAT IT MAY HAVE NOW OR HEREAFTER TO THE LAYING OF THE VENUE
OR TO THE JURISDICTION OF ANY SUCH SUIT, ACTION OR PROCEEDING, AND IRREVOCABLY SUBMITS
GENERALLY AND UNCONDITIONALLY TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION
OR PROCEEDING.
(c) EACH PLEDGOR AGREES THAT SERVICE OF PROCESS MAY BE MADE BY PERSONAL SERVICE OF A
COPY OF THE SUMMONS AND COMPLAINT OR OTHER LEGAL PROCESS IN ANY SUCH SUIT, ACTION OR
PROCEEDING, OR BY REGISTERED OR CERTIFIED MAIL (POSTAGE PREPAID) TO THE ADDRESS OF SUCH
PLEDGOR PROVIDED IN SECTION 22 OR BY ANY OTHER METHOD OF SERVICE PROVIDED FOR UNDER
THE APPLICABLE LAWS IN EFFECT IN THE STATE OF NORTH CAROLINA.
(d) NOTHING CONTAINED IN SUBSECTIONS (b) OR (c) HEREOF SHALL PRECLUDE THE
ADMINISTRATIVE AGENT FROM BRINGING ANY
14
SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS PLEDGE AGREEMENT OR ANY
JOINDER AGREEMENT OR THE OTHER LOAN DOCUMENTS IN THE COURTS OF ANY PLACE WHERE ANY PLEDGOR
OR ANY OF SUCH PLEDGOR’S PROPERTY OR ASSETS MAY BE FOUND OR LOCATED. TO THE EXTENT
PERMITTED BY THE APPLICABLE LAWS OF ANY SUCH JURISDICTION, EACH PLEDGOR HEREBY IRREVOCABLY
SUBMITS TO THE JURISDICTION OF ANY SUCH COURT AND EXPRESSLY WAIVES, IN RESPECT OF ANY SUCH
SUIT, ACTION OR PROCEEDING, OBJECTION TO THE EXERCISE OF JURISDICTION OVER IT AND ITS
PROPERTY BY ANY SUCH OTHER COURT OR COURTS WHICH NOW OR HEREAFTER, BY REASON OF ITS PRESENT
OR FUTURE DOMICILE, OR OTHERWISE, MAY BE AVAILABLE UNDER APPLICABLE LAW.
(e) IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER OR
RELATED TO THIS PLEDGE AGREEMENT OR ANY JOINDER AGREEMENT OR ANY AMENDMENT, INSTRUMENT,
DOCUMENT OR AGREEMENT DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION WITH
THE FOREGOING, EACH PARTY HEREBY AGREES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THAT ANY
SUCH ACTION, SUIT OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY AND
HEREBY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PERSON MAY HAVE TO
TRIAL BY JURY IN ANY SUCH ACTION, SUIT OR PROCEEDING.
(f) EACH PLEDGOR HEREBY EXPRESSLY WAIVES ANY OBJECTION IT MAY HAVE THAT ANY COURT TO
WHOSE JURISDICTION IT HAS SUBMITTED PURSUANT TO THE TERMS HEREOF IS AN INCONVENIENT FORUM.
26. Amendment and Restatement. The parties hereto agree that the Existing Pledge
Agreement is hereby amended and restated in this Pledge Agreement, and this Pledge Agreement shall
constitute neither a release nor novation of any lien or security interest arising under the
Existing Pledge Agreement nor a refinancing of any indebtedness or obligations arising thereunder
or under the Existing Credit Agreement or related documents, but rather the liens and security
interests in effect under the Existing Pledge Agreement shall continue in effect on the terms
hereof.
[Signature Pages Follow.]
15
IN WITNESS WHEREOF, the parties have duly executed this Pledge Agreement on the day and year
first written above.
| PLEDGORS: SONIC AUTOMOTIVE, INC. |
||||||
| By: Name: |
\Xxxxx X. Xxxxxx\
|
|||||
| Title: | Vice Chairman and Chief Financial Officer | |||||
| FAA HOLDING CORP. FIRSTAMERICA AUTOMOTIVE, INC. L DEALERSHIP GROUP, INC. SAI AL HC1, INC. SAI FL HC3, INC. SAI FL HC4, INC. SAI FL HC7, INC. SAI MD HC1, INC. SAI OK HC1, INC. SAI TN HC1, LLC SAI TN HC2, LLC SONIC — LS, LLC SONIC — XXXXXXX CHEVROLET WORLD, INC. SONIC AUTOMOTIVE — 0000 XXXXX XXX., DB, INC. SONIC AUTOMOTIVE OF NEVADA, INC. SONIC AUTOMOTIVE WEST, LLC SONIC OF TEXAS, INC. SRE HOLDING, LLC Z MANAGEMENT, INC. |
||||||
| By: Name: |
\Xxxxx X. Xxxxxx\
|
|||||
| Title: | Vice President and Treasurer |
SECOND AMENDED AND RESTATED SECURITIES PLEDGE AGREEMENT
Signature Page
| PLEDGORS: | ||||||||
| SAI GEORGIA, LLC | ||||||||
| By: | SONIC AUTOMOTIVE OF NEVADA, INC., as Sole Member |
|||||||
| By: Name: |
\Xxxxx X. Xxxxxx\
|
|||||||
| Title: | Vice President and Treasurer | |||||||
| SONIC PEACHTREE INDUSTRIAL BLVD., L.P. | ||||||||||
| By: | SAI GEORGIA, LLC, as Sole General Partner | |||||||||
| By: | SONIC AUTOMOTIVE OF NEVADA, INC., as Sole Member |
|||||||||
| By: Name: |
\Xxxxx X. Xxxxxx\
|
|||||||||
| Title: | Vice President and Treasurer | |||||||||
SECOND AMENDED AND RESTATED SECURITIES PLEDGE AGREEMENT
Signature Page
| ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A., as Administrative Agent |
||||||
| By: Name: |
\Xxxx X. Xxxxxxx\
|
|||||
| Title: | Vice President | |||||
SECOND AMENDED AND RESTATED SECURITIES PLEDGE AGREEMENT
Signature Page
SCHEDULE I
Pledged Interests
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
FAA Holding Corp. |
L Dealership Group, Inc. | Common Stock | 1,000 | 1,000 | 1,000 | 8 | $ | 0.01 | ||||||||||||||||||||
| Texas |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 151278900 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Auto Factory, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2058910 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Capitol N, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2054429 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Dublin VWD, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2007571 | ||||||||||||||||||||||||||||
Schedule I - Page 1
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Dublin N, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2007600 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Holding Corp. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2174202 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Poway T, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2006232 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Santa Xxxxxx V, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2165877 | ||||||||||||||||||||||||||||
FirstAmerica Automotive, Inc. |
FAA Torrance CPJ, Inc. | Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2165823 | ||||||||||||||||||||||||||||
Schedule I - Page 2
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
FirstAmerica Automotive, Inc. |
Sonic — Coast Cadillac, Inc. |
Common Stock | 100,000 | 10,000 | 10,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2124569 | ||||||||||||||||||||||||||||
L Dealership Group, Inc. |
Autobahn, Inc. | Common Stock | 1,000,000 | 400,000 | 400,000 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C1548941 | ||||||||||||||||||||||||||||
L Dealership Group, Inc. |
Stevens Creek Cadillac, Inc. |
Common Stock (Class A) |
750,000 | 230,000 | 230,000 | 10 | N/A | |||||||||||||||||||||
| California Corporation C1293380 |
Common Stock (Class B) |
250,000 | -0- | -0- | N/A | N/A | ||||||||||||||||||||||
SAI AL HC1, Inc. |
XXX Xxxxxxxxxx CH, LLC |
LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 428-747 | ||||||||||||||||||||||||||||
Schedule I - Page 3
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SAI AL HC1, Inc. |
XXX Xxxxxxxxxx BCH, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 428-745 | ||||||||||||||||||||||||||||
SAI FL HC3, Inc. |
SAI Orlando CS, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L08000116711 | ||||||||||||||||||||||||||||
SAI FL HC4, Inc. |
SAI Fort Xxxxx VW, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L08000116709 | ||||||||||||||||||||||||||||
SAI FL HC7, Inc. |
SAI Fort Xxxxx M, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L98000002089 | ||||||||||||||||||||||||||||
Schedule I - Page 4
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SAI Georgia, LLC |
SAI GA HC1, LP | General Partner Interest |
N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Georgia Limited Partnership 0224680 |
Limited Partner Interest |
99.00 | % | 99.00 | % | ||||||||||||||||||||||
SAI Georgia, LLC |
Sonic Peachtree Industrial Blvd., L.P. | General Partner Interest |
N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Georgia Limited Partnership K739239 |
Limited Partner Interest |
99.00 | % | 99.00 | % | ||||||||||||||||||||||
SAI MD HC1, Inc. |
SAI Rockville Imports, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Maryland |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| W12796074 | ||||||||||||||||||||||||||||
SAI OK HC1, Inc. |
SAI Broken Arrow C, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3512215667 | ||||||||||||||||||||||||||||
Schedule I - Page 5
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SAI OK HC1, Inc. |
SAI Oklahoma City C, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3512215668 | ||||||||||||||||||||||||||||
SAI OK HC1, Inc. |
SAI Riverside C, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3512215685 | ||||||||||||||||||||||||||||
SAI OK HC1, Inc. |
SAI Tulsa N, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3512215684 | ||||||||||||||||||||||||||||
SAI TN HC1, LLC |
SAI Nashville CSH, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0336183 | ||||||||||||||||||||||||||||
Schedule I - Page 6
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SAI TN HC1, LLC |
SAI Nashville M, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0336182 | ||||||||||||||||||||||||||||
SAI TN HC2, LLC |
SAI Nashville Motors, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0566970 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Arngar, Inc. | Common Stock | 100,000 | 1,333 | 1,333 | 14 | N/A | |||||||||||||||||||||
| North Carolina |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 0005612 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Avalon Ford, Inc. | Common Stock | 10,000 | 4,164 | 4,164 | 17 | N/A | |||||||||||||||||||||
| Delaware |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 0896102 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Fort Mill Ford, Inc. | Common Stock | 10,000 | 2,700 | 2,700 | 13 | N/A | |||||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Corporation | ||||||||||||||||||||||||||||
Schedule I - Page 7
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Fort Xxxxx Collision Center, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L00000004315 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Xxxxxx Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 5 | N/A | |||||||||||||||||||||
| Tennessee Corporation |
||||||||||||||||||||||||||||
| 0230052 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI AL HC1, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| D/C 206-272 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI Charlotte M, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| North Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0433486 | ||||||||||||||||||||||||||||
Schedule I - Page 8
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
SAI Columbus Motors, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Ohio |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| CP13127 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI Columbus VWK, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Ohio |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| CP13130 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI FL HC3, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P98000064012 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI FL HC4, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P98000064009 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SAI FL HC7, Inc. | Common Stock | 500 | 500 | 500 | 22 | $ | 1.00 | ||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| F86660 | ||||||||||||||||||||||||||||
Schedule I - Page 9
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
SAI Santa Xxxxx K, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | $ | 0.01 | ||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C3335681 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Agency, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Michigan |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 35010C | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive F&I, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC8620-1999 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive Support, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC19412-2003 | ||||||||||||||||||||||||||||
Schedule I - Page 10
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive West, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC9139-1999 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive — 0000 Xxxxx Xxx., DB, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P98000064005 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive — 0000 Xxxx Xxxxx Xxxxxx, | Xxxxxx Stock | 1,000 | 100 | 100 | 1 | $ | 0.01 | ||||||||||||||||||||
| Columbus, Inc. |
||||||||||||||||||||||||||||
| Ohio |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| CP13131 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive — 0000 Xxxx Xxxxx Xxxxxx, | Xxxxxx Stock | 1,000 | 100 | 100 | 1 | $ | 0.01 | ||||||||||||||||||||
| Columbus, Inc. |
||||||||||||||||||||||||||||
| Ohio |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| CP13126 | ||||||||||||||||||||||||||||
Schedule I - Page 11
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Automotive — 0000 X. Xxxx Xxxxx, XX, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P98000084876 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Calabasas M, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2975101 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Calabasas V, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2501983 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic—Capitol Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Michigan |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 26619C | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic—Capitol Imports, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Corporation | ||||||||||||||||||||||||||||
Schedule I - Page 12
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxx F, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2375909 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxx XX, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2375100 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Development, LLC |
LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| North Carolina Limited Liability |
||||||||||||||||||||||||||||
| Company |
||||||||||||||||||||||||||||
| 0483658 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Divisional Operations, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC26157-2004 | ||||||||||||||||||||||||||||
Schedule I - Page 13
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxx Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2375896 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Englewood M, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 20021021611 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Fremont, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2935225 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Las Vegas C East, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC7435-2000 | ||||||||||||||||||||||||||||
Schedule I - Page 14
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Las Vegas C West, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC7434-2000 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxx Nissan, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P99000014918 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxx Pontiac — | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Cadillac, Inc. |
||||||||||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P99000014911 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Lone Tree Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Colorado |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 20021021609 | ||||||||||||||||||||||||||||
Schedule I - Page 15
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxx Chevrolet, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2375359 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxxx Chevrolet World, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Corporation | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — North Charleston Dodge, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Corporation | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic of Texas, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Texas |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 150782300 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Plymouth Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Michigan |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 26618C | ||||||||||||||||||||||||||||
Schedule I - Page 16
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Resources, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C24652-2001 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxxx Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| P02000010148 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Santa Xxxxxx M, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2727452 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic—Serramonte I, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2469221 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Santa Xxxxxx S, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2788444 | ||||||||||||||||||||||||||||
Schedule I - Page 17
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic—Saturn of Silicon Valley, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2547838 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic—Volvo LV, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Nevada |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| LLC6829-1999 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Walnut Creek M, Inc. | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2508517 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — West Covina T, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2356455 | ||||||||||||||||||||||||||||
Schedule I - Page 18
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic — Xxxxxxxx Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| D/C 199-219 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Sonic Wilshire Cadillac, Inc. | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| C2882071 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
SRE Holding, LLC | LLC Intereset | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| North Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0551475 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Town and Country Ford, Incorporated | Common Stock | 2,000 | 471.25 | 471.25 | 75 | N/A | |||||||||||||||||||||
| North Carolina |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 0148959 | ||||||||||||||||||||||||||||
Sonic Automotive, Inc. |
Z Management, Inc. | Common Stock | 500,000 | 30,000 | 30,000 | 3 | $ | 10.00 | ||||||||||||||||||||
| Colorado |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 19911043768 | ||||||||||||||||||||||||||||
Schedule I - Page 19
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
SAI Georgia, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Georgia |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 08094603 | ||||||||||||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
SAI TN HC1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0336184 | ||||||||||||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
SAI TN HC2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0336185 | ||||||||||||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
SAI TN HC3, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0336184 | ||||||||||||||||||||||||||||
Schedule I - Page 20
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Automotive — 0000 Xxxxx Xxx., DB, Inc. |
Sonic Automotive — 0000 Xxxxx Xxx., DB, LLC | LLC Interest (Units) | 100 | 100 | 100 | N/A | N/A | |||||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L98000001576 | ||||||||||||||||||||||||||||
Sonic — LS, LLC |
Sonic — LS Chevrolet, L.P. | General Partner Interest | N/A | .10 | % | .10 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive West, LLC |
Texas Limited Partnership 11958210 |
Limited Partner Interest | N/A | 99.90 | % | 99.90 | % | |||||||||||||||||||||
Sonic — Xxxxxxx Chevrolet World, Inc. |
ADI of the Southeast, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Advantage PA, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800235623 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Schedule I - Page 21
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Automotive of Texas, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 11324210 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Automotive — 0000 X. Xxxx, XX, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 11376510 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Automotive — 0000 X-00 Xxxx, XX, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 11345010 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Schedule I - Page 22
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Cadillac D, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800061917 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Camp Ford, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 12312610 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Carrollton V, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 13894610 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic—Clear Lake Volkswagen, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800207889 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Schedule I - Page 23
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Xxxxx Xxxxx Autoplex, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800079059 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Houston JLR, LP | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800735509 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Xxxxxxx XX, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800236309 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Houston V, L.P | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 15286810 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Schedule I - Page 24
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic—Jersey Village Volkswagen, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800207902 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — LS, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Delaware |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3440418 | ||||||||||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Momentum JVP, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800235475 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic Momentum VWA, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800207910 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Schedule I - Page 25
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — Xxxxxxxxxx F, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 14037410 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
Sonic — University Park A, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 13748310 |
Limited Partner Interest | N/A | 99.00 | % | 99.00 | % | |||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—1, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 13523310 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—2, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 13523410 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—3, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 13523510 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Schedule I - Page 26
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—4, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800048705 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas — 5, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800048740 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—6, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800048741 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas — 7, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800048742 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Sonic of Texas, Inc. |
SRE Texas—8, L.P. | General Partner Interest | N/A | 1.00 | % | 1.00 | % | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. |
Texas Limited Partnership 800048743 |
Limited Partner Interest | 99.00 | % | 99.00 | % | ||||||||||||||||||||||
Schedule I - Page 27
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
Sonic Peachtree Industrial Blvd., L.P. |
Sonic Automotive 5260 Peachtree | LLC Interest (Units) | 100 | 100 | 100 | N/A | N/A | |||||||||||||||||||||
| Industrial Blvd., LLC | ||||||||||||||||||||||||||||
| Georgia |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| K734665 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
AnTrev, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| North Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0659676 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Alabama — 2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 670-275 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Alabama—5, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Alabama |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| DLL691-622 | ||||||||||||||||||||||||||||
Schedule I - Page 28
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SRE Holding, LLC |
SRE California — 1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 200202910110 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE California—2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 200202910111 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE California — 3, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 200202810141 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE California — 4, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 200202810144 | ||||||||||||||||||||||||||||
Schedule I - Page 29
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SRE Holding, LLC |
SRE California — 5, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 200203110006 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE California — 7 SCB, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 201033410181 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE California — 8 SCH, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| California |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 201033510021 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Colorado — 1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Colorado |
||||||||||||||||||||||||||||
| Limited Liability |
||||||||||||||||||||||||||||
| Company |
||||||||||||||||||||||||||||
| 20021330518 | ||||||||||||||||||||||||||||
Schedule I - Page 30
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SRE Holding, LLC |
SRE Florida—1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L00000006050 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Florida—2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Florida |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| L00000006045 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Oklahoma—1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3500697104 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Oklahoma — 2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3500697105 | ||||||||||||||||||||||||||||
Schedule I - Page 31
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SRE Holding, LLC |
SRE Oklahoma—5, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Oklahoma |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 3500697108 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE South Carolina — 2, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE South Carolina—3, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE South Carolina — 4, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| South Carolina |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
Schedule I - Page 32
| Total | ||||||||||||||||||||||||||||
| Name, Jurisdiction | Total Amount of | Amount | ||||||||||||||||||||||||||
| of Formation and | Class or Type of | of Class | Total | Certificate | Par Value | Name of | ||||||||||||||||||||||
| Name of | Type of Entity of | Class or Type of | Pledged Interests | or Type | Amount | Number (if | (if | Transfer | ||||||||||||||||||||
| Pledgor | Pledged Subsidiary | Pledged Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | Agent (if any) | ||||||||||||||||||||
SRE Holding, LLC |
SRE Tennessee — 4, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Tennessee |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 0450279 | ||||||||||||||||||||||||||||
SRE Holding, LLC |
SRE Virginia — 1, LLC | LLC Interest | N/A | 100.00 | % | 100.00 | % | N/A | N/A | |||||||||||||||||||
| Virginia |
||||||||||||||||||||||||||||
| Limited Liability Company |
||||||||||||||||||||||||||||
| 5050246-0 | ||||||||||||||||||||||||||||
Z Management, Inc. |
Mountain States Motors Co., Inc. | Common Stock | 500,000 | 30,000 | 30,000 | 1 | $ | 10.00 | ||||||||||||||||||||
| Colorado |
||||||||||||||||||||||||||||
| Corporation |
||||||||||||||||||||||||||||
| 19911043766 | ||||||||||||||||||||||||||||
Schedule I - Page 33
SCHEDULE II
| Jurisdiction of | ||||||||
| Jurisdiction of | Formation | |||||||
| Type of | Formation | Identification | ||||||
| Name and Address of Pledgor | Person | of Pledgor | Number | |||||
FAA Holding Corp.
|
Corporation | California | C2174202 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
FirstAmerica Automotive, Inc.
|
Corporation | Delaware | 2761294 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
L Dealership Group, Inc.
|
Corporation | Texas | 151278900 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI AL HC1, Inc.
|
Corporation | Alabama | 206-272 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI FL HC3, Inc.
|
Corporation | Florida | P | 98000064012 | ||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI FL HC4, Inc.
|
Corporation | Florida | P | 98000064009 | ||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI FL HC7, Inc.
|
Corporation | Florida | F86660 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI Georgia, LLC
|
Limited Liability |
Georgia | 08094603 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000
|
Xxxxxxx | |||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI MD HC1, Inc.
|
Corporation | Maryland | D05310776 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
SAI OK HC1, Inc.
|
Corporation | Oklahoma | 1900632183 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Schedule II - Page 1
| Jurisdiction of | ||||||||
| Jurisdiction of | Formation | |||||||
| Type of | Formation | Identification | ||||||
| Name and Address of Pledgor | Person | of Pledgor | Number | |||||
SAI TN HC1, LLC 0000 Xxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 |
Limited Liability Company |
Tennessee | 0336184 | |||||
SAI TN HC2, LLC 0000 Xxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 |
Limited Liability Company |
Tennessee | 0336185 | |||||
Sonic Automotive, Inc.
|
Corporation | Delaware | 2714319 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic Automotive of Nevada, Inc.
|
Corporation | Nevada | C18014-1997 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic Automotive — 0000 Xxxxx Xxx., DB, Inc.
|
Corporation | Florida | P | 98000064005 | ||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic Automotive West, LLC
|
Corporation | Nevada | LLC9139-1999 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic — LS, LLC 0000 Xxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 |
Limited Liability Company |
Delaware | 3440418 | |||||
Sonic — Xxxxxxx Chevrolet World, Inc.
|
Corporation | South Carolina | N/A | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic of Texas, Inc.
|
Corporation | Texas | 150782300 | |||||
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
||||||||
Xxxxxxxxx, XX 00000 |
||||||||
Sonic Peachtree Industrial Blvd., L.P. 0000 Xxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 |
Limited Xxxxxxxxxxx |
Xxxxxxx | X000000 | |||||
SRE Holding, LLC 6415 Idlewild Road, Suite 109 Charlotte, NC 28212 |
Limited Liability Company |
North Carolina | 0551475 | |||||
Schedule II - Page 2
| Jurisdiction of | ||||||||
| Jurisdiction of | Formation | |||||||
| Type of | Formation | Identification | ||||||
| Name and Address of Pledgor | Person | of Pledgor | Number | |||||
Z Management, Inc.
|
Corporation | Colorado | 19911043768 | |||||
6415 Idlewild Road, Suite 109 |
||||||||
Charlotte, NC 28212 |
||||||||
Schedule II - Page 3
EXHIBIT A
PLEDGE AGREEMENT SUPPLEMENT
THIS PLEDGE AGREEMENT SUPPLEMENT (as from time to time amended, revised, modified, supplemented or
amended and restated, this “Supplement”), dated as of ________________ __, ____ is made by
_____________________, a ________________ (the “Pledgor”), in favor of BANK OF AMERICA,
N.A., in its capacity as Administrative Agent (the “Administrative Agent”) for the
Revolving Secured Parties (as defined in the Pledge Agreement referenced below) now or hereafter
party to the Revolving Credit Agreement (as defined in the Pledge Agreement referred to below).
All capitalized terms used but not defined herein shall have the meanings given to such terms in
such Pledge Agreement.
RECITALS:
A. The Pledgor is required under the terms of that certain Second Amended and Restated
Securities Pledge Agreement dated as of July [__], 2011 executed by the Pledgor (among others), or
to which the Pledgor has been joined as a party pursuant to a Joinder Agreement, in favor of the
Administrative Agent for the benefit of the Revolving Secured Parties (as from time to time
amended, revised, modified, supplemented or amended and restated, the “Pledge Agreement”),
to cause certain Pledged Interests held by it and listed on Annex A to this Supplement (the
“Additional Interests”) to be specifically identified as subject to the Pledge Agreement.
B. A material part of the consideration given in connection with and as an inducement to the
execution and delivery of the Revolving Credit Agreement by the Revolving Secured Parties was the
obligation of the Pledgor to pledge to the Administrative Agent for the benefit of the Revolving
Secured Parties the Additional Interests, whether then owned or subsequently acquired or created
C. The Pledgor has acquired rights in the Additional Interests and desires to pledge, and
evidence its prior pledge, to the Administrative Agent for the benefit of the Revolving Secured
Parties all of the Additional Interests in accordance with the terms of the Revolving Credit
Agreement and the Pledge Agreement.
In order to induce the Revolving Secured Parties to from time to time make and maintain
extensions of credit under the Revolving Credit Agreement, Related Swap Contracts and Related Cash
Management Arrangements, the Pledgor hereby agrees as follows:
1. Affirmations. The Pledgor hereby reaffirms and acknowledges the pledge and collateral
assignment to, and the grant of security interest in, the Additional Interests contained in the
Pledge Agreement and pledges and collaterally assigns to the Administrative Agent for the benefit
of the Revolving Secured Parties, and grants to the Administrative Agent for the benefit of the
Revolving Secured Parties a first priority lien and security interest in, the Additional Interests
and all of the following:
Exhibit A - Page 1
(a) all money, securities, security entitlements and other investment property,
dividends, rights, general intangibles and other property at any time and from time to time
(x) declared or distributed in respect of or in exchange for or on conversion of any or all
of the Additional Interests or (y) by its or their terms exchangeable or exercisable for or
convertible into any Additional Interest or other Pledged Interest;
(b) all other property of whatever character or description, including money,
securities, security entitlements and other investment property, and general intangibles
hereafter delivered to the Administrative Agent in substitution for or as an addition to any
of the foregoing;
(c) all securities accounts to which may at any time be credited any or all of the
foregoing or any proceeds thereof and all certificates and instruments representing or
evidencing any of the foregoing or any proceeds thereof; and
(d) all proceeds of any of the foregoing.
The Pledgor hereby acknowledges, agrees and confirms by its execution of this Supplement that the
Additional Interests constitute “Pledged Interests” under and are subject to the Pledge Agreement,
and the items of property referred to in clauses (a) through (d) above (the “Additional
Collateral”) shall collectively constitute “Collateral” under and are subject to the Pledge
Agreement. Each of the representations and warranties with respect to Pledged Interests and
Collateral contained in the Pledge Agreement is hereby made by the Pledgor with respect to the
Additional Interests and the Additional Collateral, respectively. The Pledgor further represents
and warrants that Annex A attached to this Supplement contains a true, correct and complete
description of the Additional Interests, and that all other documents required to be furnished to
the Administrative Agent pursuant to Section 2(c) of the Pledge Agreement in connection
with the Additional Collateral have been delivered or are being delivered simultaneously herewith
to the Administrative Agent. The Pledgor further acknowledges that Schedule I to the
Pledge Agreement shall be deemed, as to it, to be supplemented as of the date hereof to include the
Additional Interests as described on Annex A to this Supplement.
2. Counterparts. This Pledge Agreement Supplement may be executed in any number of
counterparts each of which when so executed and delivered shall be deemed an original, and it shall
not be necessary in making proof of this Pledge Agreement Supplement to produce or account for more
than one such counterpart executed by the Pledgor. Without limiting the foregoing provisions of
this Section 2, the provisions of Section 10.10 of the Revolving Credit Agreement
shall be applicable to this Pledge Agreement.
3. Governing Law; Venue; Waiver of Jury Trial. The provisions of Section 25
of the Pledge Agreement are hereby incorporated by reference as if fully set forth herein.
Exhibit A - Page 2
IN WITNESS WHEREOF, the Pledgor has caused this Supplement to be duly executed by it’s
authorized officer as of the day and year first above written.
| PLEDGOR: | ||||||
| By: | ||||||
| Name: | ||||||
| Title: | ||||||
Exhibit A - Page 3
ANNEX A
(to Pledge Agreement Supplement of __________ dated __________)
(to Pledge Agreement Supplement of __________ dated __________)
Additional Interests
| Name, | Total Amount | |||||||||||||||||||||||||||||||
| Jurisdiction of | of Class or | |||||||||||||||||||||||||||||||
| Formation and | Type of | Total Amount | ||||||||||||||||||||||||||||||
| Type of Entity | Class or Type | Additional | of Class or | Certificate | Name of | |||||||||||||||||||||||||||
| Name of | of Pledged | of Additional | Interests | Type | Total Amount | Number (if | Par Value (if | Transfer Agent | ||||||||||||||||||||||||
| Pledgor | Subsidiary | Interest | Authorized | Outstanding | Pledged | applicable) | applicable) | (if any) | ||||||||||||||||||||||||
Exhibit A - Page 4
