EXHIBIT 4.1.8
AMENDMENT NO. 6
TO
SECURITIES PURCHASE AGREEMENT
This Amendment No. 6 to Securities Purchase Agreement (this
"Amendment") dated as of December 31, 1998 is entered into by and among each of
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the parties to the Securities Purchase Agreement dated as of July 11, 1997 (the
"Securities Purchase Agreement") by and among FirstAmerica Automotive, Inc., a
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Delaware corporation (the "Company"), the Guarantors (as defined therein) and
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the purchasers listed on the signature pages thereto, as amended.
WHEREAS, the parties hereto desire to amend certain provisions of the
Securities Purchase Agreement.
NOW, THEREFORE, in consideration of the foregoing, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
Section 1. Definitions. For all purposes of this Amendment:
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(a) Capitalized terms used but not defined herein shall have the
respective meanings assigned to such terms in the Securities Purchase
Agreement; and
(b) The terms "hereby," "hereto," "hereof" and "herewith" and other
words of similar import refer to this Amendment.
Section 2. Minimum Consolidated Interest Expense Coverage Ratio. Section
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5.12 of the Securities Purchase Agreement is hereby amended and restated in its
entirety to read as follows:
5.12 Minimum Consolidated Interest Expense Coverage Ratio.
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The Company shall not permit its Consolidated Interest Expense
Coverage Ratio for the four fiscal quarters ending on or about the
date listed below, to be less than the correlative levels for such
dates shown below; provided, that for the September 30, 1997, December
31, 1997 and March 31, 1998 Measurement Dates, the Consolidated
Interest Expense Coverage Ratio shall be calculated for the one, two,
and three fiscal quarters, respectively, ending on such dates.
Measurement Date Minimum Ratio
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September 30, 1997 2.0
December 31, 1997 2.0
March 31, 1998 2.1
June 30, 1998 2.1
September 30, 1998 2.2
December 31, 1998 1.9
March 31, 1999 1.9
June 30, 1999 2.3
September 30, 1999 2.4
December 31, 1999 2.4
March 31, 2000 2.5
June 30, 2000 and thereafter 2.6
Section 3. Definition of Consolidated Interest Expense Coverage Ratio. The
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definition of the term "Consolidated Interest Expense Coverage Ratio" appearing
in Section 9.1 of the Securities Purchase Agreement is hereby amended by
inserting the following provision at the end of such definition:
Notwithstanding any provision hereof to the contrary, for the
sole purpose of calculating the Company's Consolidated Interest
Expense Coverage Ratio for the year ended December 31, 1998, the term
"Capital Expenditures" shall not include the aggregate amount of
capital expenditures that is both (i) made by the Company for
leasehold improvements to its corporate headquarters located at 000
Xxxxxxx Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx and (ii) fully reimbursed
to the Company in cash by Xxxxxx X. Price on or prior to January 31,
1999.
Section 4. Miscellaneous.
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(a) THIS AMENDMENT AND ALL ISSUES HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF CALIFORNIA
(WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW).
(b) Upon the execution and delivery of this Amendment, the Securities
Purchase Agreement shall be amended in accordance herewith and this
Amendment shall form a part of the Securities Purchase Agreement for all
purposes, and the parties hereto and every Holder shall be bound by the
Securities Purchase Agreement, as so amended.
(c) This Amendment may be executed in as many counterparts as may be
deemed necessary and convenient, and by the different parties hereto on
separate counterparts each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute one and the same
instrument.
(d) The Section headings of this Amendment are for convenience of
reference only and shall not be deemed to modify, explain, restrict, alter
or affect the meaning or interpretation of any provision hereof.
[Signatures Follow]
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IN WITNESS WHEREOF, this Amendment has been duly executed by the
parties set forth below as of the date first written above.
Company:
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FIRSTAMERICA AUTOMOTIVE, INC.
By: /s/Xxxxx Xxxxxxxx
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Name: Xxxxx Xxxxxxxx
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Title: Chief Financial Officer
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Guarantors:
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FAA SAN BRUNO, INC. FAA STEVENS CREEK, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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SMART NISSAN, INC. FAA DEALER SERVICES, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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TRANSCAR LEASING, INC. FAA CONCORD H, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: Vice-President
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FAA CONCORD N, INC. FAA CONCORD T, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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FAA POWAY D, INC. FAA POWAY T, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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FAA POWAY H, INC. FAA DUBLIN VWD, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: Vice-President Title: President
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FAA DUBLIN N, INC. FAA SERRAMONTE H, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: Vice-President
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FAA SERRAMONTE L, INC. FAA SERRAMONTE, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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FAA XXXXXXX HILLS, INC. FAA AUTO FACTORY, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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FAA CAPITOL N, INC. DSW & ASSOCIATES, INC.
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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FAA WOODLAND HILLS VW, INC. DEALERSOFT TECHNOLOGIES CORPORATION
By: /s/ Xxxxxx X. Price By: /s/ Xxxxxx X. Price
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Name: Xxxxxx X. Price Name: Xxxxxx X. Price
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Title: President Title: President
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Holders
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TCW/CRESCENT MEZZANINE PARTNERS, L.P.
TCW/CRESCENT MEZZANINE TRUST
TCW/CRESCENT MEZZANINE INVESTMENT PARTNERS, L.P.
By: TCW/CRESCENT MEZZANINE, L.L.C.,
its general partner or managing owner
By: /s/ Xxxx-Xxxx Xxxxxx
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Name: Xxxx-Xxxx Xxxxxx
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Title: President
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TCW LEVERAGED INCOME TRUST, L.P.
By: TCW ADVISORS (BERMUDA), LIMITED,
as General Partner
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
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Title: Group Managing Director
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By: TCW INVESTMENT MANAGEMENT COMPANY,
as Investment Advisor
By: /s/ Xxxx-Xxxx Xxxxxx
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Name: Xxxx-Xxxx Xxxxxx
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Title: Managing Director
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TCW LEVERAGED INCOME TRUST II, L.P.
By: TCW (XXXX XX), L.P.,
as General Partner
By: TCW ADVISORS (BERMUDA), LIMITED,
as General Partner
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
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Title: Group Managing Director
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By: TCW INVESTMENT MANAGEMENT COMPANY,
as Investment Advisor
By: /s/ Xxxx-Xxxx Xxxxxx
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Name: Xxxx-Xxxx Xxxxxx
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Title: Managing Director
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CRESCENT/MACH I PARTNERS, L.P.
By: TCW ASSET MANAGEMENT COMPANY,
as investment manager and attorney-in-fact
By: /s/ Xxxx-Xxxx Xxxxxx
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Name: Xxxx-Xxxx Xxxxxx
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Title: Managing Director
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By: /s/ Xxxx X. Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx
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Title: Group Managing Director
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TCW SHARED OPPORTUNITY FUND II, L.P.
By: TCW INVESTMENT MANAGEMENT COMPANY,
its investment advisor
By: /s/ Xxxx-Xxxx Xxxxxx
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Name: Xxxx-Xxxx Xxxxxx
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Title: Managing Director
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By: /s/ Xxxx X. Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx
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Title: Group Managing Director
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