1
EXHIBIT 10.31.6
March 1, 2001
UAG Connecticut I, LLC
00000 Xxxxx Xxxxx Xxxx, X-00
Xxxxxxx, XX 00000
UAG Realty, LLC Automotive Group Realty, LLC
00000 Xxxxx Xxxxx Xxxx, B-36 00000 Xxxxx Xxxxx Xxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
UAG Connecticut, LLC The Xxxxxx Continental Group LLC
00000 Xxxxx Xxxxx Xxxx, X-00 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
RE: Various Agreements entered into effective March 1, 2001 by all or
some of the parties hereto relating to the operations of UAG
Connecticut I, LLC (the "Company") and the property owned by Automotive
Group Realty, LLC and used in connection with the Company's operations
(collectively, the "Agreements").
Gentlemen:
This will confirm that the parties hereto have executed the Agreements
effective March 1, 2001. The parties acknowledge that the rights and obligations
set forth in the Agreements will become binding and enforceable as of the
effective date only upon receipt of approval of the transactions contemplated by
the Agreements from Chrysler Financial Company, L.L.C. and the manufacturers
whose new vehicles are sold by subsidiaries of the Company (collectively the
"Approvals").
The parties shall conduct a closing of the transactions contemplated by
the Agreements upon receipt of the Approvals. In the event the Approvals are not
obtained by December 31, 2001, then the Agreements shall be void, unenforceable
and of no force or effect.
[SIGNATURES ON NEXT PAGE]
2
UAG CONNECTICUT I, LLC AUTOMOTIVE GROUP REALTY, LLC
/s/ Xxxxxx X. Xxxxxxx, Xx. /s/ Xxxxx X. Xxxx
-------------------------- -----------------
By: Xxxxxx X. Xxxxxxx, Xx. By: Xxxxx. X. Xxxx
Its: Secretary Its: Treasurer
UAG REALTY, LLC THE XXXXXX CONTINENTAL
GROUP LLC
/s/ Xxxxxx X. Xxxxxxx, Xx. /s/ Xxxxxxx X. Xxxxxxxxx
-------------------------- ------------------------
By: Xxxxxx X. Xxxxxxx, Xx. By: Xxxxxxx X. Xxxxxxxxx
Its: Secretary Its: Manager
UAG CONNECTICUT, LLC
/s/ Xxxxxx X. Xxxxxxx, Xx.
--------------------------
By: Xxxxxx X. Xxxxxxx, Xx.
Its: Assistant Secretary
