Exhibit 10.27**SEVERANCE AGREEMENT AND FULL RELEASE**     This Severance Agreement and Full Release (“Release Agreement” or “Agreement”) is made andentered into this 11th day of July 2007 (“Execution Date”) by and between Joseph V. Marinelli(“Employee,” a term which includes Employee, Employee’s spouse, and all assigns, heirs, andsuccessors in interest) and Allied Automotive Group, Inc., a Georgia corporation (“Company,” a termwhich includes Company, its parent, subsidiary and affiliated organizations, their successors ininterest, and their respective agents, Employees, officers, directors and attorney ).     WHEREAS Employee and Company are parties to an employment agreement under which Employeeis entitled to receive certain severance benefits under certain conditions, including theexecution of this Release Agreement, and     WHEREAS Employee and Company have mutually agreed that Employee is entitled to receive theseverance benefits described in Employee’s employment agreement in consideration for the executionof this Release Agreement, it is herebyAGREED AS FOLLOWS:     1. TERMINATION OF EMPLOYMENT. Employee agrees that his employment relationship withCompany will terminate on July 10, 2007, whereupon all benefits, privileges and authorities relatedthereto ceased, except as set forth herein. Effective as of the Execution Date, Employee resigns asa member of the Board of Directors and as an officer of all subsidiaries and affiliates of Company,including, but not limited to, Haul Insurance, Ltd.     2. NO ADMISSION BY COMPANY. Company and Employee agree that the entry of the partiesinto this Release Agreement is not and shall not be construed to be an admission of liability orwrongdoing on the part of Company.     3. FUTURE COOPERATION. Employee AGREES that, notwithstanding Employee’s termination onthe date specified above, Employee will make himself available upon reasonable notice to Company orits designated representatives for the purposes of; (1) Providing information regarding theprojects, files and/or clients with whom Employee worked for the purpose of transitioning suchprojects, files and/or clients to other Company Employees as the result of Employee’s termination;(2) Providing information and/or testimony regarding any other matter, file, project and or clientwith whom Employee was involved while employed by Company.     4. CONSIDERATION. Within ten days following the expiration of the revocation perioddescribed in Section 17 below, Company shall pay Employee Two Hundred Twenty-Five Thousand Dollars($225,000.00), subject to ordinary and lawful deductions, in one lump sum payment in considerationfor Employee signing this Release Agreement and agreeing to its terms. Employee agrees andacknowledges that this is consideration to which Employee would not otherwise be entitled absentexecution of this Release Agreement.
 

 
     In addition, Employer shall continue to provide to Employee and Employee’s immediate family,for a period of twelve (12) months from termination, medical and dental coverage by making paymentson behalf of Employee to extend medical and dental insurance subject to Employee’s COBRA rights.Employee must exercise his COBRA rights by providing written notice thereof. Employee releasesEmployer from any further obligation to make any payments on behalf of Employee in regard to hisCOBRA rights.     5. OTHER BENEFITS. Nothing in this Release Agreement shall:(a) alter or reduce any vested, accrued benefits (if any) Employee may have toany pension benefits to which Employee may be entitled under any retirement or401(k) plan established by Company;(b) affect Employee’s right (if any) to elect and pay for continuation of Employee’shealth insurance coverage under the Health Benefit Plan pursuant to the ConsolidatedOmnibus Budget Reconciliation Act of 1985 (C.O.B.R.A.); or(c) affect Employee’s right to receive any “Stay Bonus” (as defined in the AlliedHoldings, Inc. Amended Severance Pay and Retention and Emergence Bonus Plan for KeyEmployees, as in effect from time to time (hereinafter the “KERP”) in accordancewith the terms and conditions of the KERP. The Company shall pay to EmployeeFifty-Five Thousand One Hundred Twenty-Five Dollars ($55,125.00), subject toordinary and lawful deductions, constituting the final amount of his Stay Bonus dueto Employee under the KERP, on or before August 8, 2007.          Employee shall receive his final paycheck for services rendered through July 10, 2007, in theordinary course of business according to the payroll policies and procedures of Company and subjectto ordinary and lawful deductions. Employee waives any claim to any further compensation orbenefits other than those expressly set forth in this Release Agreement.     6. EMPLOYEE’S FULL RELEASE OF ALL CLAIMS AGAINST COMPANY. Inconsideration for the undertakings and promises of Company set forth in this ReleaseAgreement, Employee unconditionally releases, discharges, and holds harmless Company, itscorporate affiliates, officers, directors, shareholders, employees, agents, insurers andattorneys asindividuals; and the successors and assigns of each (collectively referred to as “Releasees”),fromeach and every claim, cause of action, right, liability or demand of any kind and nature, andfromany claims which may be derived therefrom (collectively referred to as “claims”), thatEmployeehad, has, or might claim to have against Releasees at the time Employee executes this ReleaseAgreement, including but not limited to any and all claims:(a) arising from Employee’s employment, pay, bonuses, amounts due under theKERP, vacation or any other Employee benefits, and other terms and conditions ofemployment or employment practices of Company;