EX-10.1 2 exhibit101-32524.htm EX-10.1 Document
Exhibit 10.1

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Additional Borrower Addendum to Master Loan Agreement
Additional Borrower:
BOB HOWARD AUTOMOTIVE-EAST, INC.
BOB HOWARD CHEVROLET, INC.
GPI FL-G, LLC
GPI GA-CGM, LLC
GPI MA-GM, INC.
GPI NY-GMII, LLC
GPI TX-EPGM, INC.
GPI TX-HGMII, INC.
GPI TX-HGMIV, INC.
HOWARD-GM, INC.
LUBBOCK MOTORS-GM, INC.
MAXWELL-GMII, INC.

Lender:    


    
GM Financial
Commercial Lending Services
220 East Las Colinas Boulevard, Suite 500
Irving, TX 75039
Existing Borrower(s):
GPI TX-G, Inc.
GPI TX-GII, Inc.
GPI TX-GIII, Inc.
Date:
March 25, 2024
Com

This Additional Borrower Addendum to Master Loan Agreement (“Addendum”) is made and entered into effective as of the above date. Additional Borrower agrees as follows:
1.Additional Borrower hereby agrees to be fully bound and obligated as an original obligor under, and shall constitute a “Borrower” for all purposes of, that certain Master Loan Agreement dated December 8, 2023, as amended (the “Agreement”) and all Related Documents by and between the Borrower(s) named therein (and all other Additional Borrowers thereunder) and Lender.
2.Additional Borrower acknowledges, agrees and represents that Lender has made no representations to Additional Borrower which induced Additional Borrower to execute this Addendum, and Additional Borrower has not relied on any information obtained from Lender in making Additional Borrower’s decision to execute this Addendum. Additional Borrower further represents and agrees that Lender has no obligation to make any representations or provide any information to Additional Borrower with regard to Borrower, and that Additional Borrower has
performed its own due diligence with regard to Borrower, and has executed this Addendum because it is in the best interest of Borrower and Additional Borrower for Additional Borrower to do so, and that the execution of this Addendum, in fact, benefits Additional Borrower.
3.All terms not otherwise defined in this Addendum have the meanings provided in the Agreement. In this Addendum, singular words include the plural, and plural words include the singular.
4.This Addendum supplements and forms a part of the Agreement, and Additional Borrower’s signature to this Addendum shall fully evidence Additional Borrower’s agreement and consent to be bound and obligated under the Agreement and all Related Documents.

ADDITIONAL BORROWER CERTIFIES THAT: (1) IT HAS AGREED TO BE SUBJECT TO THE AGREEMENT AND EACH RELATED DOCUMENT AS ITS OWN FREE ACT AND DEED, WITHOUT DURESS OR COERCION; (2) IT HAS CONSULTED WITH AN ATTORNEY, OR HAD THE OPPORTUNITY TO DO SO; (3) IT HAS CAREFULLY READ THIS ADDENDUM, THE AGREEMENT AND EACH RELATED DOCUMENT, AND AGREED TO ALL OF THEIR TERMS AS WRITTEN; (4) IT HAS KNOWINGLY CONSENTED TO ALL WAIVERS, INCLUDING BUT NOT LIMITED TO, THE WAIVER OF JURY TRIAL; AND (5) NEITHER LENDER NOR ANYONE CONNECTED WITH LENDER HAS MADE ANY STATEMENT OR PROMISE THAT MAY CONTRADICT IN ANY WAY WHAT IS WRITTEN IN THE AGREEMENT OR IN ANY RELATED DOCUMENT.


















611 Additional Borrower (Rev. 7/21)    ADDITIONAL BORROWER ADDENDUM TO MASTER LOAN AGREEMENT    Page 1

Exhibit 10.1

Lender
BY (SIGNATURE)
/s/ Jennifer Karr
NAME
Jennifer Karr
TITLE
Assistant Vice President

ADDITIONAL BORROWER
BOB HOWARD AUTOMOTIVE-EAST, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
OK
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
9146 S MEMORIAL DR
CITY
TULSA
STATE
OK
ZIP
74133

ADDITIONAL BORROWER
BOB HOWARD CHEVROLET, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
OK
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
13130 BROADWAY EXT
CITY
OKLAHOMA CITY
STATE
OK
ZIP
73114

ADDITIONAL BORROWER
GPI FL-G, LLC
ENTITY TYPE
Limited Liability Company
STATE OF ORGANIZATION
FL
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
10640 CHEVROLET WAY
CITY
ESTERO
STATE
FL
ZIP
33928

ADDITIONAL BORROWER
GPI GA-CGM, LLC
ENTITY TYPE
Limited Liability Company
STATE OF ORGANIZATION
NV
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
1661 WHITTLESEY RD
CITY
COLUMBUS
STATE
GA
ZIP
31904








611 Additional Borrower (Rev. 7/21)    ADDITIONAL BORROWER ADDENDUM TO MASTER LOAN AGREEMENT    Page 2

Exhibit 10.1

ADDITIONAL BORROWER
GPI MA-GM, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
MA
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
1845 WASHINGTON ST
CITY
HANOVER
STATE
MA
ZIP
02339
ADDITIONAL BORROWER
GPI NY-GMII, LLC
ENTITY TYPE
Limited Liability Company
STATE OF ORGANIZATION
NY
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
510 SUNRISE HWY
CITY
ROCKVILLE CENTRE
STATE
NY
ZIP
11570

ADDITIONAL BORROWER
GPI TX-EPGM, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
DE
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
955 CROCKETT ST
CITY
EL PASO
STATE
TX
ZIP
79922

ADDITIONAL BORROWER
GPI TX-HGMII, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
NV
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
10422 SOUTHWEST FWY
CITY
HOUSTON
STATE
TX
ZIP
77074

ADDITIONAL BORROWER
GPI TX-HGMIV, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
NV
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
17800 NORTH FWY
CITY
HOUSTON
STATE
TX
ZIP
77090

611 Additional Borrower (Rev. 7/21)    ADDITIONAL BORROWER ADDENDUM TO MASTER LOAN AGREEMENT    Page 3

Exhibit 10.1
ADDITIONAL BORROWER
HOWARD-GM, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
DE
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
13300 BROADWAY EXT
CITY
OKLAHOMA CITY
STATE
OK
ZIP
73114
ADDITIONAL BORROWER
LUBBOCK MOTORS-GM, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
DE
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
1302 S LOOP 289
CITY
LUBBOCK
STATE
TX
ZIP
79412

ADDITIONAL BORROWER
MAXWELL-GMII, INC.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
DE
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
13483 W INTERSTATE 10
CITY
SAN ANTONIO
STATE
TX
ZIP
78249

EXISTING BORROWER
GPI TX-G, Inc.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
TX
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
11300 FM 1960 RD W
CITY
HOUSTON
STATE
TX
ZIP
77065

EXISTING BORROWER
GPI TX-GII, Inc.
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
TX
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
12812 GULF FWY
CITY
HOUSTON
STATE
TX
ZIP
77034

EXISTING BORROWER
GPI TX-GIII, Inc.

611 Additional Borrower (Rev. 7/21)    ADDITIONAL BORROWER ADDENDUM TO MASTER LOAN AGREEMENT    Page 4

Exhibit 10.1
ENTITY TYPE
Corporation
STATE OF ORGANIZATION
TX
BY (SIGNATURE)
/s/ Daniel J. McHenry
NAME
Daniel J. McHenry
TITLE
President
ADDRESS
200 HIGHWAY 77
CITY
ROBSTOWN
STATE
TX
ZIP
78380


611 Additional Borrower (Rev. 7/21)    ADDITIONAL BORROWER ADDENDUM TO MASTER LOAN AGREEMENT    Page 5