AMENDED AND RESTATED SUPPLEMENTAL INDENTURE
EXHIBIT 4.2.2
AMENDED AND RESTATED SUPPLEMENTAL INDENTURE
AMENDED AND RESTATED SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February
19, 2010, among PAG NORTHERN CALIFORNIA MANAGEMENT, INC., PAG SANTA XXX AVW, INC., PAG WEST
ACQUISITION 1, INC. and PAG ACQUISITION 2, INC. (each a “Guaranteeing Subsidiary”), subsidiaries
of Penske Automotive Group, Inc. (or its permitted successor), a Delaware corporation (the
“Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and
Bank of New York Trust Company, N.A., successor to X.X. Xxxxxx Trust Company, National Association,
as trustee under the Indenture referred to below (the “Trustee”).
WITNESSETH
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of December 7, 2006 providing for the issuance of 7.750% Senior Subordinated
Notes due 2016 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall
execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing
Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the
Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide a Guarantee on the
terms and subject to the conditions set forth in the Guarantee and in the Indenture including but
not limited to Article 13 thereof, including the subordination provisions thereof.
4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee,
incorporator, stockholder or agent of the Guaranteeing Subsidiary(ies), as such, shall have any
liability for any obligations of the Company or any Guaranteeing Subsidiary(ies) under the Notes,
any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder of the Notes or any Guarantee
by accepting a Note waives
and releases all such liability. The waiver and release are part of the consideration for issuance
of the Notes and this Guarantee.
5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.
6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement.
7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect
the construction hereof.
8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of
the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals
contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the
Company.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed
and attested, all as of the date first above written.
Dated as of February 19, 2010
SIGNATURES
| PENSKE AUTOMOTIVE GROUP, INC. |
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| By: | /s/ Xxxxxx X’Xxxxxxxxxxx | |||
| Name: | Xxxxxx X’Xxxxxxxxxxx | |||
| Title: | Executive Vice President — Finance and CFO | |||
| GUARANTORS: UAG MINNEAPOLIS B1, LLC JS IMPORTS, LLC PALM AUTO PLAZA, LLC WEST PALM NISSAN, LLC UAG BOSTON FMM, LLC UAG BOSTON FMB, LLC UAG BOSTON FML, LLC UAG BOSTON FMR, LLC UAG BOSTON BENTLEY, LLC WEST PALM S1, LLC |
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| By: | /s/ Xxxxxx X’Xxxxxxxxxxx | |||
| Name: | Xxxxxx X’Xxxxxxxxxxx | |||
| Title: | Assistant Treasurer | |||
| SCOTTSDALE 101 MANAGEMENT, LLC SCOTTSDALE PAINT & BODY, LLC UAG ACQUISITION 1, LLC UAG ACQUISITION 2, LLC UAG ACQUISITION 3, LLC UAG ACQUISITION 4, LLC UAG ACQUISITION 5, LLC XXXXXXXX ENTERPRISES, INC. CLASSIC SPECIAL ADVERSTISING, INC. CLASSIC SPECIAL, LLC CLASSIC SPECIAL AUTOMOTIVE GP, LLC |
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| By: | /s/ Xxxxxx X’Xxxxxxxxxxx | |||
| Name: | Xxxxxx X’Xxxxxxxxxxx | |||
| Title: | Assistant Treasurer | |||
| CLASSIC OLDSMOBILE-PONTIAC-GMC, LTD. | ||||||||||
| CLASSIC SPECIAL HYUNDAI, LTD. | ||||||||||
| HILL COUNTRY IMPORTS, LTD. | ||||||||||
| By: CLASSIC SPECIAL, LLC | ||||||||||
| Its: General Partner | ||||||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||||||
| CLASSIC SPECIAL AUTOMOTIVE, LTD. | ||||||||||
| By: CLASSIC SPECIAL AUTOMOTIVE GP, LLC | ||||||||||
| Its: General Partner | ||||||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||||||
| ADDITIONAL GUARANTORS PAG LONG ISLAND M1, LLC PAG LONG ISLAND A1, LLC PAG LONG ISLAND B1, LLC PAG LONG ISLAND L1, LLC TURNERSVILLE AUTO OUTLET, LLC SMART USA DISTRIBUTOR LLC PAG NORTH SCOTTSDALE BE, LLC PENSKE DIRECT, LLC CYCLE HOLDINGS, LLC PAG TURNERSVILLE AU, LLC PAG ACQUISITION 15, LLC PAG MICHIGAN S1, LLC PAG AUSTIN S1, LLC PAG CLOVIS T1, INC. PAG ORLANDO LIMITED, INC. PAG ORLANDO GENERAL, INC. |
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| By: | /s/ Xxxxxx X’Xxxxxxxxxxx | |||
| Name: | Xxxxxx X’Xxxxxxxxxxx | |||
| Title: | Assistant Treasurer | |||
| PAG ORLANDO PARTNERSHIP, LTD. | ||||||||||
| By: PAG ORLANDO GENERAL, INC. | ||||||||||
| Its: General Partner | ||||||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||||||
| HBL, LLC | ||||||||||
| By: Penske Automotive Group, Inc. | ||||||||||
| Its: Sole Member | ||||||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Executive Vice President-Finance | ||||||||||
| XXXXX PAN MOTORS, INC. | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||
| UAG MENTOR ACQUISITION, LLC | ||||||
| By: Penske Automotive Group, Inc. | ||||||
| Its: Sole Member | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Executive Vice President-Finance | ||||||
| PAG SAN XXXX S1, INC. | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||
| AUTOMOTIVE MEDIA HOLDINGS, LLC | ||||||
| PAG ACQUISITION 20, LLC | ||||||
| PAG ACQUISITION 21, LLC | ||||||
| PAG ACQUISITION 22, LLC | ||||||
| PAG ACQUISITION 23, LLC | ||||||
| PAG ACQUISITION 24, LLC | ||||||
| PAG ACQUISITION 25, LLC | ||||||
| PAG ACQUISITION 26, LLC | ||||||
| By: PENSKE AUTOMOTIVE GROUP, INC. | ||||||
| Its: Sole Member | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Executive Vice President — Finance and CFO | ||||||
| PAG NORTHERN CALIFORNIA MANAGEMENT, INC. | ||||||
| PAG SANTA XXX AVW, INC. | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Assistant Treasurer | ||||||
| PAG WEST ACQUISITION 1, LLC | ||||||
| PAG WEST ACQUISITION 2, LLC | ||||||
| By: | /s/ Xxxxxx X’Xxxxxxxxxxx
|
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| Title: Treasurer | ||||||
| THE BANK OF NEW YORK TRUST COMPANY, AS TRUSTEE | ||||||
| By: | /s/ X.X. Xxxxxxx
|
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| Title: Vice President | ||||||
