Third Party Approval Letter

EX-10.31.6 10 k63744ex10-31_6.txt THIRD PARTY APPROVAL LETTER 1 EXHIBIT 10.31.6 March 1, 2001 UAG Connecticut I, LLC 13400 Outer Drive West, B-36 Detroit, MI 48239 UAG Realty, LLC Automotive Group Realty, LLC 13400 Outer Drive West, B-36 13400 Outer Drive West Detroit, MI 48239 Detroit, MI 48239 UAG Connecticut, LLC The Miller Continental Group LLC 13400 Outer Drive West, B-36 342 West Putnam Avenue Detroit, MI 48239 Greenwich, CT 06838 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/ Robert H. Kurnick, Jr. /s/ Peter E. Mogk - -------------------------- ----------------- By: Robert H. Kurnick, Jr. By: Peter. E. Mogk Its: Secretary Its: Treasurer UAG REALTY, LLC THE MILLER CONTINENTAL GROUP LLC /s/ Robert H. Kurnick, Jr. /s/ Richard S. Koppelman - -------------------------- ------------------------ By: Robert H. Kurnick, Jr. By: Richard S. Koppelman Its: Secretary Its: Manager UAG CONNECTICUT, LLC /s/ Robert H. Kurnick, Jr. - -------------------------- By: Robert H. Kurnick, Jr. Its: Assistant Secretary