Document:

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                                                                  EXHIBIT 10.2.2

                             MERCEDES-BENZ USA, INC.

                                  Mercedes-Benz
                         Light Truck Retailer Agreement

                                Table of Contents
                                -----------------

RETAILER AGREEMENT                                                      Page
                                                                        ----
     MERCEDES-BENZ STATEMENT OF COMMITMENT                               (i)

     A.   APPOINTMENT OF RETAILER                                       (ii)
     B.   TERM                                                          (ii)
     C.   ADDITIONAL PROVISIONS                                         (ii)
     D.   RETAILER OWNERSHIP                                            (ii)
     E.   RETAILER MANAGEMENT                                           (ii)
     F.   MERCEDES-BENZ CENTER FACILITIES                              (iii)
     G.   MERCEDES-BENZ PARTNERSHIP GROUPS                             (iii)
     H.   MODIFICATION OF AGREEMENT                                     (iv)
     I.   EXECUTION OF AGREEMENT                                        (iv)
     J.   MUTUAL RELEASE                                                (iv)
     K.   CERTIFICATION                                                 (iv)

     FINAL PARAGRAPH                                                     (V)

STANDARD PROVISIONS

I.   ACQUISITION, DELIVERY AND INVENTORY OF MERCEDES-
     BENZ LIGHT TRUCK PRODUCTS                                             1

     A.   PRICES AND TERMS OF SALE                                         1
     B.   AVAILABILITY AND ALLOCATION OF PRODUCTS                          1
     C.   DELIVERY OF PRODUCTS                                             1
     D.   PASSAGE OF TITLE                                                 1
     E.   RISK OF DAMAGE OR LOSS                                           2
     F.   DELAY OR FAILURE OF DELIVERY                                     2
     G.   DIVERSION AND STORAGE CHARGES                                    2
     H.   SECURITY INTEREST                                                2

          1.   Grant of Security Interest                                  2
          2.   Default in Payment                                          3
          3.   Assembly of Collateral, Payment of Costs and Notices        3
          4.   Recording and Further Assurances                            3
          5.   Records and Schedules of Inventory                          3

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     I.   CHANGES OF DESIGN, SPECIFICATIONS OR OPTIONS                     4
     J.   DISCONTINUANCE OF MANUFACTURE OR
            IMPORTATION                                                    4
     K.   MINIMUM VEHICLE INVENTORIES                                      4
     L.   PRODUCT MODIFICATIONS                                            4

II.  RETAILER'S MARKETING AND SALES OF MERCEDES-
     BENZ LIGHT TRUCK PRODUCTS                                             4

     A.   RETAILER'S GENERAL RESPONSIBILITIES                              4
     B.   EXPORT POLICY                                                    5
     C.   MERCEDES-BENZ RETAILER ASSOCIATION                               5
     D.   AREA OF INFLUENCE                                                6
     E.   EVALUATION OF RETAILER'S MARKETING AND
          SALES PERFORMANCE                                                6

III. RETAILER'S SERVICE OBLIGATIONS                                        6

     A.   CLIENT SERVICE STANDARDS                                         6
     B.   RETAILER'S SPECIFIC SERVICE OBLIGATIONS                          7

          1.   Pre-Delivery Inspections and Service                        7
          2.   Warranty Repairs and Policy Service                         7
          3.   Service Campaign Inspections and Corrections                7
          4.   Roadside Assistance Program                                 8

     C.   USE OF PARTS AND ACCESSORIES IN
          NON-WARRANTY SERVICE                                             8

          1.   Quality Standards                                           8
          2.   Retailer's Disclosures as to Use of and
               Warranties for Non-Genuine Parts and Accessories            8

     D.   COMPLIANCE WITH SAFETY AND EMISSION
          CONTROL REQUIREMENTS                                             9

     E.   COMPLIANCE WITH CONSUMER PROTECTION
          STATUTES, RULES AND REGULATIONS                                  9

IV.  RETAILER'S SERVICE AND PARTS ORGANIZATION                             9

     A.   ORGANIZATION AND STANDARDS                                       9
     B.   SERVICE EQUIPMENT AND SPECIAL TOOLS                             10
     C.   PARTS STOCKING LEVEL                                            10
     D.   AFTER HOURS DELIVERY                                            10
     E.   ASSISTANCE PROVIDED BY MBUSA                                    10

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          1.   Service Manuals and Materials                              10
          2.   Field Personnel Assistance                                 10

     F.   EVALUATION OF RETAILER'S SERVICE
          AND PARTS PERFORMANCE                                           11

     G.   ADDITIONAL FACILITIES OR LOCATIONS                              11

V.   CLIENT SATISFACTION RESPONSIBILITIES                                 11

     A.   RETAILER'S CLIENT SATISFACTION
          OBLIGATIONS                                                     11

          1.   Retailer's Client Satisfaction Plan                        11
          2.   Employee Training                                          12
          3.   Client Assistance Response System                          12

     B.   EVALUATION OF RETAILER'S CLIENT
          SATISFACTION PERFORMANCE                                        12

VI.  MERCEDES-BENZ CENTER FACILITIES AND
     IDENTIFICATION                                                       12

     A.   LOCATION AND FACILITIES                                         12
     B.   CHANGES AND ADDITIONS                                           13
     C.   RETAILER'S OPERATING HOURS                                      13
     D.   CORPORATE IDENTITY                                              14
     E.   EVALUATION OF MERCEDES-BENZ CENTER
          FACILITIES                                                      14
     F.   OWNERSHIP AND USE OF MERCEDES-BENZ MARKS                        14

          1.   Validity and Exclusive Ownership of
               Mercedes-Benz Marks                                        14
          2.   Use by Retailer                                            14
          3.   Discontinuance of Use                                      15
          4.   Enforcement                                                15

VII. WARRANTIES                                                           15

VIII.CAPITAL, CREDIT, RECORDS AND UNIFORM SYSTEMS                         16

     A.   NET WORKING CAPITAL                                             16
     B.   FLOORING AND LINES OF CREDIT                                    16
     C.   PAYMENT TERMS                                                   16
     D.   UNIFORM ACCOUNTING SYSTEM                                       17
     E.   RECORDS MAINTENANCE                                             17

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     F.   EXAMINATION OF MERCEDES-BENZ CENTER
          ACCOUNTS AND RECORDS                                            17
     G.   TAXES                                                           18
     H.   CONFIDENTIALITY                                                 18
     I.   MERCEDES-BENZ RETAILER COMMUNICATIONS
          SYSTEM AND PROPRIETARY MANUFACTURER
          SYSTEMS                                                         18
     J.   SALES REPORTING                                                 18

IX.  TRANSFERS                                                            19

     A.   SALE OF ASSETS OR OWNERSHIP INTEREST                            19
     B.   RIGHT OF FIRST REFUSAL OR OPTION TO PURCHASE                    19

          1.      Rights Granted                                          19
          2.      Exercise of MBUSA'S Rights                              20
          3.      Right of First Refusal                                  20
          4.      Option to Purchase                                      21
          S.      Retailer's Obligations                                  21

X.   SUCESSION RIGHTS UPON DEATH OR INCAPACITY                            22

     A.   SUCCESSION TO OWNERSHIP AFTER DEATH OF
          OWNER                                                           22
     B.   INCAPACITY OF OWNER                                             23
     C.   NOMINATION OF SUCCESSOR PRIOR TO DEATH
          OR INCAPACITY OF OWNER                                          23

XI.  TERMINATION                                                          24

     A.   VOLUNTARY TERMINATION BY RETAILER                               24
     B.   TERMINATION FOR CAUSE                                           24

          1.   Immediate Termination                                      24
          2.   Termination Upon Sixty Days Notice                         26
          3.   Termination for Failure of Performance                     27
          4.   Termination Upon Death or Incapacity                       27

     C.   TERMINATION UPON TERMINATION OF
          DISTRIBUTORSHIP                                                 27
     D.   TERMINATION FOR FAILURE OF MBUSA TO BE
          LICENSED                                                        27
     E.   TERMINATION UPON OFFERING TO ENTER INTO A
          NEW OR AMENDED LIGHT TRUCK RETAILER
          AGREEMENT                                                       28
     F.   NOTICE OF TERMINATION                                           28

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     G.   CONTINUANCE OF BUSINESS RELATIONS                               28
     H.   REPURCHASE PROVISIONS                                           28

          1.       MBUSA's Obligations                                    28
          2.       Retailer's Responsibilities                            29
          3.       Payment by MBUSA                                       30

XII. DISPUTE RESOLUTION PROCESS                                           30

     A.   THE MERCEDES-BENZ BOARD                                         30
     B.   MANDATORY MEDIATION                                             31
     C.   OPTIONAL ARBITRATION                                            31

XIII.DEFENSE AND INDEMNIFICATION                                          32

     A.   DEFENSE AND INDEMNIFICATION BY MBUSA                            32
     B.   DEFENSE AND INDEMNIFICATION BY RETAILER                         33
     C.   CONDITIONAL DEFENSE AND/OR
          INDEMNIFICATION                                                 34
     D.   THE EFFECT OF SUBSEQUENT DEVELOPMENTS                           34
     E.   TIME TO RESPOND AND RESPONSIBILITIES
          OF THE PARTIES                                                  34

XIV. NOTICE OF BREACH OR FAILURE TO ACT IN GOOD FAITH                     35

XV.  GENERAL PROVISIONS                                                   35

     A.   NOTICES                                                         35
     B.   NO IMPLIED WAIVERS                                              35
     C.   SOLE AGREEMENT OF THE PARTIES                                   35
     D.   RETAILER NOT AN AGENT OR REPRESENTATIVE                         36
     E.   ASSIGNMENT OF RIGHTS OR DELEGATIONS OF
          DUTIES                                                          36
     F.   NO FRANCHISE FEE                                                36
     G.   BENEFIT                                                         36
     H.   NEW JERSEY LAW                                                  36

XVI. DEFINITIONS                                                          37

XVII.ADDITIONAL PROVISIONS                                                38

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                             MERCEDES-BENZ USA, INC.

                  MERCEDES-BENZ LIGHT TRUCK RETAILER AGREEMENT
                               STANDARD PROVISIONS

I.   ACQUISITION, DELIVERY AND INVENTORY OF MERCEDES-BENZ LIGHT TRUCK PRODUCTS

     A.   PRICES AND TERMS OF SALE

          MBUSA shall offer to sell to Retailer and Retailer shall have the
          right to purchase from MBUSA Mercedes-Benz Light Truck Products in
          accordance with the provisions of this Agreement and the prices and
          other terms of sale that MBUSA shall establish and revise from time to
          time. Such revised prices or terms shall apply to any Mercedes-Benz
          Light Truck Product not invoiced to Retailer by MBUSA at the time the
          notice of such change is given to Retailer (in the case of
          Mercedes-Benz Light Trucks), or upon issuance of a new or modified
          parts price list or through change notices, letters, bulletins or
          revision sheets (in the case of Genuine Mercedes-Benz Light Truck
          Parts and Accessories), or at such other times as may be designated in
          writing by MBUSA.

     B.   AVAILABILITY AND ALLOCATION OF PRODUCTS

          MBUSA will allocate Mercedes-Benz Light Truck Products among its light
          truck retailers in a fair and equitable manner. MBUSA will, upon
          Retailer's request, explain the considerations and method used to
          allocate Mercedes-Benz Light Truck Products to Retailer.

     C.   DELIVERY OF PRODUCTS

          MBUSA will ship Mercedes-Benz Light Truck Products to Retailer by
          whatever mode of transportation, by whatever route, and from whatever
          point MBUSA may select. Retailer shall pay MBUSA such charges as MBUSA
          in its sole discretion establishes for such transportation services.

     D.   PASSAGE OF TITLE

          Title to each Mercedes-Benz Light Truck Product shall pass from MBUSA
          to Retailer, or to the financial institution designated by Retailer,
          upon MBUSA'S receipt of payment for said Product and upon delivery
          of said Product to Retailer or to a carrier for transportation to
          Retailer.

                                      -1-
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     E.   RISK OF DAMAGE OR LOSS

          Retailer shall bear the risk of damage to or loss of Mercedes-Benz
          Light Truck Products during transportation from the point of shipment;
          however, MBUSA will, if requested by Retailer in such manner and
          within such time as MBUSA may specify, prosecute claims for damage to
          or loss of Mercedes-Benz Light Trucks during said transportation
          against the responsible carrier for and on behalf of Retailer. To the
          extent required by law, Retailer shall notify the purchaser of a
          vehicle of any damage sustained by such vehicle prior to sale.

     F.   DELAY OR FAILURE OF DELIVERY

          MBUSA shall not be liable for delay or failure to deliver
          Mercedes-Benz Light Truck Products that it has previously agreed to
          deliver, where such delay or failure to deliver is the result of any
          event beyond the control of MBUSA, including but not limited to any
          law or regulation of any governmental entity, acts of God, foreign or
          civil wars, riots, interruptions of navigation, shipwrecks, fires,
          floods, storms, strikes, lockouts, or other labor troubles, embargoes,
          blockades, or delay or failure of MBUSA to deliver Mercedes-Benz Light
          Truck Products.

     G.   DIVERSION AND STORAGE CHARGES

          Retailer shall be responsible for and shal1 pay all charges for
          demurrage, storage and other expense accruing after shipment to
          Retailer or to a carrier for transportation to Retailer. If diversions
          of shipments are made upon Retailer's request or are made by MBUSA as
          a result of Retailer's failure or refusal to accept shipments made
          pursuant to Retailer's orders, Retailer shall pay all additional
          charges and expenses incident to such diversions.

     H.   SECURITY INTEREST

          1.   GRANT OF SECURITY INTEREST

               As security for the full payment of all sums from time to time
               owed by Retailer to MBUSA under this Agreement, whether such sums
               are now or hereafter become due and owing, Retailer hereby grants
               to MBUSA a security interest in the following items for which
               MBUSA has not received payment (collectively referred to as
               "Collateral"):

               (i)      All Genuine Mercedes-Benz Light Truck Parts
                        and Accessories and other related items
                        delivered by MBUSA to Retailer hereunder on
                        account (all such inventory hereinafter
                        referred to collectively as "Inventory" and
                        individually as "Item of Inventory"); and

               (ii)     All proceeds from any of the foregoing,
                        including without limitation, insurance
                        payable by reason of the loss, damage or

                                       -2-

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                        destruction of any Item of Inventory; and
                        all accounts and chattel paper of Retailer
                        arising from its sale, lease or other
                        disposition of Inventory now existing or
                        hereafter arising, and all liens,
                        securities, guarantees, remedies and
                        privileges pertaining thereto, together
                        with all rights and liens of Retailer
                        relating thereto.

          2.   DEFAULT IN PAYMENT

               Retailer shall be in default of this Section I.H if: (i)
               Retailer shall fail to pay any amounts secured hereby when due or
               fail to perform any obligations under this Section I in a timely
               manner; (ii) Retailer shall fail to pay any amounts secured
               pursuant to Section I of the Mercedes-Benz Passenger Car Retailer
               Agreement when due or fail to perform any obligations under that
               Section I in a timely manner, (iii) there shall occur any
               material adverse change in the financial condition of Retailer;
               or (iv) Retailer shall dissolve or become insolvent or bankrupt;
               and, in any such case, MBUSA may declare all sums secured by this
               Section I.H immediately due and payable and MBUSA shall have all
               the rights and remedies afforded to a secured party after default
               under the Uniform Commercial Code or other applicable law in
               effect on the date of this Agreement.

          3.   ASSEMBLY OF COLLATERAL, PAYMENT OF COSTS AND NOTICES

               Retailer shall, if requested by MBUSA upon the occurrence of any
               default under Section I.H.2, assemble the Collateral and make it
               available to MBUSA at a place or places designated by MBUSA.
               Retailer also shall pay all costs of MBUSA, including without
               limitation, attorneys fees incurred with respect to the
               enforcement of any of MBUSA's rights under this Section I.H.

          4.   RECORDING AND FURTHER ASSURANCES

               Retailer shall execute and deliver such financing statements and
               such other instruments or documents and take any other action as
               MBUSA may request in order to create or maintain the security
               interest intended to be created by this Section I.H, or to enable
               MBUSA to exercise and enforce its rights hereunder. A carbon,
               photographic or other reproduction of this Agreement shall be
               sufficient as a financing statement and may be filed in lieu of a
               financing statement in any and all jurisdictions which accept
               such reproductions.

          5.   RECORDS AND SCHEDULES OF INVENTORY

               Retailer shall keep accurate records itemizing and describing the
               kind, type and quantity of Inventory and shall furnish to MBUSA
               within five (5)

                                       -3-

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               days of receipt of MBUSA's request therefor, a current schedule
               of inventory in form and substance satisfactory to MBUSA
               ("Schedule of Inventory"), which shall be true and accurate in
               all respects. A physical inventory shall be conducted no less
               than annually in connection with preparation of year-end
               financial statements of Retailer and, at MBUSA's request, a
               report of such inventory shall be promptly provided to MBUSA.

     I.   CHANGES OF DESIGN, SPECIFICATIONS OR OPTIONS

          MBUSA may change the design or specifications of any Mercedes-Benz
          Light Truck Product or the options in any Mercedes-Benz Light Truck
          Product and shall be under no obligation to provide notice of same or
          to make any similar change to Mercedes-Benz Light Truck Products
          previously purchased by or shipped to Retailer. No change shall be
          considered a model year change unless so specified by MBUSA.

     J.   DISCONTINUANCE OF MANUFACTURE OR IMPORTATION

          MBUSI and/or MBUSA may discontinue the manufacture, importation or
          distribution of all or part of any Mercedes-Benz Light Truck Product,
          whether light truck parts, options or accessories, including any
          model, series or body style of any Mercedes-Benz Light Truck at any
          time without any obligation or liability to Retailer by reason
          thereof.

     K.   MINIMUM VEHICLE INVENTORIES

          Retailer agrees that it shall, at all times, maintain in showroom
          ready condition at least the minimum inventory of Mercedes-Benz Light
          Trucks that may be established by MBUSA from time to time.

     L.   PRODUCT MODIFICATIONS

          Retailer agrees that it will not install aftermarket accessories or
          make any modifications to Mercedes-Benz light trucks that may impair
          or adversely affect their safety, emissions, structural integrity or
          performance.

II.  RETAILER'S MARKETING AND SALES OF MERCEDES-BENZ LIGHT
     TRUCK PRODUCTS

     A.   RETAILER'S GENERAL RESPONSIBILITIES

          Retailer recognizes that client satisfaction and the successful
          promotion and sale of Mercedes-Benz Light Truck Products are
          significantly dependent on Retailer's advertising and sales promotion
          activities. Therefore, Retailer at all times shall:

                                       -4-

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          1.   Actively and effectively promote and sell new Mercedes-Benz Light
               Truck Products to clients located within its Area of Influence;

          2.   Advertise and merchandise Mercedes-Benz Light Truck Products, and
               use current Mercedes-Benz showroom displays, sales materials and
               other promotional media;

          3.   Organize a complete sales organization of the highest quality,
               ensure that its sale personnel meet the educational and
               management standards established by MBUSA, and, at Retailer's
               expense, have such personnel as are appropriate attend all
               training courses prescribed by MBUSA;

          4.   Comply with the Retailer Advertising Guidelines, maintain a high
               standard of ethics in advertising, promoting and selling
               Mercedes-Benz Light Truck Products, and avoid engaging in any
               misrepresentation or unfair or deceptive practices. Retailer
               shall discontinue any advertising that MBUSA considers injurious
               to MBUSA's business or reputation or to the Mercedes-Benz Marks,
               or that are likely to be violative of applicable laws or
               regulations; and

          5.   Accurately represent to clients the total selling price of
               Mercedes-Benz Light Truck Products. Retailer agrees to explain to
               clients of Mercedes-Benz Light Truck Products the items that make
               up the total selling price and to give the clients itemized
               invoices and all other information required by law. Retailer
               understands and hereby acknowledges that it may sell
               Mercedes-Benz Light Truck Products at whatever price Retailer
               desires.

     B.   EXPORT POLICY

          Retailer is authorized to sell Mercedes-Benz Light Trucks only to
          clients residing in the United States of America. Retailer agrees that
          it will not sell Mercedes-Benz Light Trucks for resale or use outside
          the United States of America. Retailer agrees to be bound by and
          comply with any export policy established by MBUSA.

     C.   MERCEDES-BENZ RETAILER ASSOCIATION

          MBUSA considers participation by Mercedes-Benz light truck retailers
          in Mercedes-Benz Light Truck Retailer Advertising Associations to be a
          fundamental part of an overall marketing strategy for their businesses
          and Mercedes-Benz Light Truck Products. MBUSA urges Retailer to
          cooperate in the establishment of such an association and to fund its
          fair share of advertising and merchandising programs undertaken by the
          association.

                                      -5-
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     D.   AREA OF INFLUENCE

          MBUSA will assign to Retailer a geographic area consisting of a
          collection of zip codes that is called an Area of Influence ("AOI").
          MBUSA may alter or adjust Retailer's AOI at any time. The AOI is a
          tool used by MBUSA to evaluate Retailer's performance of its primary
          obligations hereunder. Retailer agrees that it has no right or
          interest in any AOI and that MBUSA may add new retailers to or
          relocate retailers into Retailer's AOI. Any such addition or
          relocation of a retailer will result in an alteration or adjustment of
          Retailer's AOI.

     E.   EVALUATION OF RETAILER'S MARKETING AND SALES PERFORMANCE

          MBUSA will periodically evaluate Retailer's sales and marketing
          performance under this Agreement. Retailer's evaluation will be based
          on such reasonable criteria as MBUSA may establish, including without
          limitation: (i) Retailer's reasonable sales objectives that may be
          established by MBUSA; (ii) Retailer's sales of Mercedes-Benz Light
          Trucks as a percentage of registrations of Mercedes-Benz Light Trucks
          or Competitive Vehicles in Retailer's AOI; (iii) the registrations of
          Mercedes-Benz Light Trucks as a percentage of registrations of
          Competitive Vehicles in Retailer's AOI; (iv) Retailer's sales or
          registrations of Mercedes-Benz Light Trucks as compared to sales or
          registrations of Mercedes-Benz Light Trucks by authorized
          Mercedes-Benz light truck retailers in other areas, including but not
          limited to the metropolitan area, market and/or region in which
          Retailer is located; and (v) Retailer's performance in building and
          maintaining consumer satisfaction with Retailer and Mercedes-Benz
          Light Truck Products. MBUSA will review such evaluations with
          Retailer, and Retailer shall take prompt corrective action, if
          required, to improve its performance.

III. RETAILER'S SERVICE OBLIGATIONS

     A.   CLIENT SERVICE STANDARDS

          Retailer and MBUSA agree that client satisfaction and the future
          growth of their respective businesses is substantially dependent upon
          the ability of owners of Mercedes-Benz light trucks to obtain
          high-quality servicing from Retailer. Therefore, Retailer agrees to:

          1.   Provide prompt, efficient and courteous service of the highest
               quality for all Mercedes-Benz light trucks, regardless of
               where purchased and whether or not under warranty;

          2.   Accurately diagnose and advise clients of the necessary repairs,
               and obtain their consent prior to the initiation of such
               repairs;

          3.   Professionally perform the necessary repairs; and

                                      -6-

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     4.   Treat clients fairly at all times.

B.   RETAILER'S SPECIFIC SERVICE OBLIGATIONS

     1.   PRE-DELIVERY INSPECTIONS AND SERVICE

          Retailer shall perform pre-delivery inspections and service on each
          Mercedes-Benz Light Truck prior to sale and delivery thereof by
          Retailer in accordance with the Warranty Manual.

     2.   WARRANTY REPAIRS AND POLICY SERVICE

          Retailer shall promptly, courteously and efficiently perform (i)
          warranty repairs on each Mercedes-Benz Light Truck Product that
          qualifies for such repairs under the provisions of any warranty
          furnished therewith by MBUSA or MBUSI, and (ii) such other
          inspections, repairs or corrections on Mercedes-Benz Light Truck
          Products as may be approved or authorized by MBUSA to be made at
          MBUSA's expense (hereinafter "policy service"). Retailer shall perform
          such repairs and service on each such Mercedes-Benz Light Truck
          Product as and when requested by the owner or user (or in the case of
          policy service when requested by MBUSA), without regard to where such
          Mercedes-Benz Light Truck Product was purchased and in accordance with
          the Warranty Manual. MBUSA agrees to compensate Retailer for all
          warranty repairs and policy service, including labor, diagnosis and
          Genuine Mercedes-Benz Light Truck Parts and Accessories, in accordance
          with procedures and at rates to be established from time to time by
          MBUSA. Unless otherwise approved in advance by MBUSA, Retailer shall
          use only Genuine Mercedes-Benz Light Truck Parts and Accessories when
          performing Mercedes-Benz warranty repairs and policy service. Warranty
          repairs and policy service are provided for the benefit of clients,
          and Retailer agrees that the client shall not be obligated to pay any
          charges for such work or any other services for which Retailer is
          reimbursed by MBUSA, except as required by law.

     3.   SERVICE CAMPAIGN INSPECTIONS AND CORRECTIONS

          Retailer agrees to perform service campaign inspections and/or
          corrections for owners or users of all Mercedes-Benz Light Truck
          Products that qualify for such inspections and/or corrections in
          accordance with MBUSA's directives and the applicable procedures in
          the Warranty Manual. MBUSA agrees to reimburse Retailer for all
          replacement parts and/or other materials required and used in
          connection with such work and for labor according to such directives
          and the applicable provisions of the Warranty Manual.

                                      -7-

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     4.   ROADSIDE ASSISTANCE PROGRAM

          Retailer agrees to participate in the Mercedes-Benz Roadside
          Assistance Program as specified by MBUSA.

C.   USE OF PARTS AND ACCESSORIES IN NON-WARRANTY SERVICE

     Subject to the provisions of Sections I.L and III.B.2, Retailer has the
     right to sell, install or use for making non-warranty repairs products that
     are not Genuine Mercedes-Benz Light Truck Parts and Accessories.

     1.   QUALITY STANDARDS

          Retailer acknowledges, however, that its clients expect that any parts
          or accessories that Retailer sells, installs or uses in the sale,
          repair or servicing of Mercedes-Benz light trucks are, or meet the
          high quality standards of, Genuine Mercedes-Benz Light Truck Parts and
          Accessories. Retailer agrees that in sales, repairs or servicing where
          Retailer does not use Genuine Mercedes-Benz Light Truck Parts and
          Accessories, Retailer will utilize only such other parts or
          accessories as:

          1.   Will not adversely affect the mechanical operation of the
               Mercedes-Benz light truck being sold, repaired or serviced; and

          2.   Are equivalent in quality and design to Genuine Mercedes-Benz
               Light Truck Parts and Accessories.

          Retailer further agrees that it will not offer to sell any parts or
          accessories that for reasons of quality or image are reasonably
          objected to by MBUSA.

     2.   RETAILER'S DISCLOSURES AS TO USE OF AND WARRANTIES FOR NON-GENUINE
          PARTS AND ACCESSORIES

          In order to avoid confusion and to minimize potential client
          dissatisfaction, in any non-warranty instance where Retailer sells,
          installs or uses non-Genuine Mercedes-Benz Light Truck Parts or
          Accessories, Retailer shall disclose such fact to the client and shall
          advise the client that the item is not included in warranties
          furnished by MBUSA or MBUSI. Such disclosure shall be written,
          conspicuous and stated on the client's copy of the service or repair
          order or sale document. In addition, Retailer will clearly explain to
          the client the extent of any warranty covering the parts or
          accessories involved and will deliver a copy of the warranty to the
          client.

                                       -8-

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     D.   COMPLIANCE WITH SAFETY AND EMISSION CONTROL REQUIREMENTS

          Retailer agrees to comply and operate consistently with all applicable
          provisions of the National Traffic and Motor Vehicle Safety Act of
          1966, and the Federal Clean Air Act, as amended, including applicable
          rules and regulations issued from time to time thereunder, and all
          other applicable federal, state, and local motor vehicle safety and
          emission control statutes, rules, and regulations.

          In the event that the laws of the state in which Retailer is located
          require motor vehicle retailers or distributors to install in new or
          used motor vehicles, prior to their sale, any safety devices or other
          equipment not installed or supplied as standard equipment by MBUSI,
          then Retailer, prior to the sale of any Mercedes-Benz light truck on
          which such installations are required, shall properly install such
          devices or equipment on such Mercedes-Benz light trucks. Retailer
          shall comply with state and local laws pertaining to the installation
          and reporting of such equipment.

          In the interest of motor vehicle safety and emission control, MBUSA
          and Retailer agree to provide to each other such information and
          assistance as may reasonably be requested by the other in connection
          with the performance of obligations imposed on either party by the
          National Traffic and Motor Vehicle Safety Act of 1966, and the Federal
          Clean Air Act, as amended, and their rules and regulations, and all
          other applicable federal, state and local motor vehicle safety and
          emission control statutes, rules and regulations.

     E.   COMPLIANCE WITH CONSUMER PROTECTION STATUTES, RULES AND REGULATIONS

          Retailer agrees to comply and operate consistently with all applicable
          provisions of any repair or replace or other consumer protection
          statutes, rules and regulations (hereinafter "consumer protection
          laws"). Because certain client complaints may impose liability upon
          MBUSA under consumer protection laws, Retailer agrees to provide
          prompt notice to MBUSA of such complaints and take such other steps as
          MBUSA may require. Retailer also agrees to provide applicable required
          client notifications and disclosures as prescribed by consumer
          protection laws. Retailer will do nothing to affect adversely MBUSA's
          rights under consumer protection laws.

IV.  RETAILER'S SERVICE AND PARTS ORGANIZATION

     A.   ORGANIZATION AND STANDARDS

          Retailer agrees to organize and maintain a complete service and parts
          organization of the highest quality, including diagnostic specialists,
          technicians and a sufficient complement of qualified service and parts
          personnel as recommended by

                                       -9-
<PAGE>

          MBUSA. Retailer's personnel will meet the educational, management and
          technical training standards reasonably established by MBUSA and, at
          Retailer's expense, will complete all service, parts and client
          satisfaction training courses prescribed by MBUSA.

     B.   SERVICE EQUIPMENT AND SPECIAL TOOLS

          Retailer agrees to acquire and properly maintain adequate service
          equipment and such special service tools and instruments as are
          reasonably specified by MBUSA. Anything herein to the contrary
          notwithstanding, if MBUSA determines that Retailer requires special
          tools and instruments to service a model of Mercedes-Benz Light Truck,
          Retailer acknowledges that it has no right to purchase such model from
          MBUSA unless and until it has acquired all such special tools and
          instruments, and completed all related training courses prescribed by
          MBUSA.

     C.   PARTS STOCKING LEVEL

          Retailer agrees to maintain its parts stock at minimum stocking levels
          reasonably established by MBUSA.

     D.   AFTER-HOURS DELIVERY

          Retailer agrees to provide MBUSA, upon request, access to a secure
          area for after-hours parts or light truck delivery.

     E.   ASSISTANCE PROVIDED BY MBUSA

          1.   SERVICE MANUALS AND MATERIALS

               MBUSA agrees to make available to Retailer copies of such service
               manuals and bulletins, publications, computer software and
               technical data as MBUSA shall deem to be necessary for the needs
               of Retailer's service and parts organization. Retailer shall be
               responsible for keeping such manuals and materials current and
               available for consultation by its employees.

          2.   FIELD PERSONNEL ASSISTANCE

               To assist Retailer in handling its responsibilities under this
               Agreement, MBUSA agrees to make available qualified field
               personnel who will, from time to time, advise and counsel
               Retailer on service-related subjects, including service policies,
               product and technical adjustments, repair and replacement of
               product components, client relations, warranty administration,
               service and parts merchandising, and personnel/management
               training.

                                      -10-

<PAGE>

     F.   EVALUATION OF RETAILER'S SERVICE AND PARTS PERFORMANCE

          MBUSA will periodically evaluate Retailer's: (i) service performance
          in areas such as client satisfaction, warranty administration, service
          repairs, service management, facilities, operating procedures and new
          vehicle pre-delivery service; and (ii) parts operations, facilities,
          tools and equipment. MBUSA will review such evaluations with Retailer,
          and Retailer shall take prompt action to improve the service and parts
          performance to satisfactory levels as MBUSA may require. Such action
          shall, if requested by MBUSA, include an action plan by Retailer for
          improvement of service and parts performance within a specific time
          period approved by MBUSA, including but not limited to the
          establishment of additional space, facilities or locations for such
          operations.

     G.   ADDITIONAL FACILITIES OR LOCATIONS

          If, with MBUSA's prior written consent, Retailer establishes
          additional facilities or locations for its service and parts
          operations, Retailer shall meet the facilities, identification,
          organizational, equipment, parts stocking and other standards
          reasonably established by MBUSA from time to time for such facilities
          or locations.

V.   CLIENT SATISFACTION RESPONSIBILITIES

     The "Three-Pointed Star" is the symbol of automotive excellence. In
     furtherance of that image and reputation, MBUSA and Retailer agree to
     conduct their respective businesses in a manner that achieves the highest
     levels of client satisfaction by marketing the finest products and
     providing the best service in the automotive industry.

     A.   RETAILER'S CLIENT SATISFACTION OBLIGATIONS

          Retailer will be responsible for satisfying Mercedes-Benz clients in
          all matters except those that are directly related to product design
          and manufacturing. Retailer will take all reasonable steps to ensure
          that each client is completely satisfied with Mercedes-Benz Light
          Truck Products and the services and practices of Retailer. Retailer
          will not engage in any practice or method of operation if its nature
          or quality may impair the reputation of MBUSA or Mercedes-Benz Light
          Truck Products.

          1.   RETAILER'S CLIENT SATISFACTION PLAN

               Upon MBUSA's request, Retailer shall provide a detailed plan of
               Retailer's client satisfaction program to MBUSA and shall
               implement such program on a continuous basis. This plan shall
               include an ongoing system for emphasizing client satisfaction to
               all Retailer's employees, for training

                                      -11-

<PAGE>

                    Retailer employees and for conveying to clients that
                    Retailer is committed to the highest possible level of
                    client satisfaction.

               2.   EMPLOYEE TRAINING

                    Retailer agrees to participate and to have its employees
                    participate, at Retailer's expense, in Mercedes-Benz client
                    satisfaction training as required by MBUSA.

               3.   CLIENT ASSISTANCE RESPONSE SYSTEM

                    Retailer agrees to implement a system, approved by MBUSA,
                    that will respond immediately to requests for client
                    assistance from MBUSA.

          B.   EVALUATION OF RETAILER'S CLIENT SATISFACTION PERFORMANCE

               MBUSA periodically will evaluate Retailer's client satisfaction
               performance based on the following considerations and efforts by
               Retailer.

               1.   MBUSA will provide Retailer with Client Relationship Index
                    ("CRI") reports or such other equivalent data as will permit
                    Retailer to assess its performance and maintain the highest
                    level of client satisfaction. Retailer agrees to review with
                    its employees on a regular basis the results of the client
                    satisfaction reports or other data it receives.

               2.   Retailer shall continuously develop and implement specific
                    action plans to improve its client satisfaction performance
                    and results. The plans are to be reviewed with MBUSA on a
                    basis that MBUSA deems appropriate. Retailer will respond on
                    a timely basis to requests from MBUSA to take action on
                    unsatisfactory client satisfaction matters and to commit
                    necessary resources to remedy deficiencies reasonably
                    specified by MBUSA.

VI.       MERCEDES-BENZ CENTER FACILITIES AND IDENTIFICATION

          A.   LOCATION AND FACILITIES

                    Retailer shall provide Mercedes-Benz Center Facilities at
                    the Approved Location(s) that (i) will enable Retailer to
                    effectively perform its responsibilities under this
                    Agreement, (ii) are satisfactory in space, appearance,
                    layout, equipment and corporate identification, and (iii)
                    are otherwise substantially in accordance with the Retailer
                    Operating Requirements Addendum, Retailer Facility Space
                    Analysis Addendum, Corporate Identity Manual and such other
                    standards as MBUSA may establish from time to time. Retailer
                    shall conduct its Mercedes-Benz Center Operations only from
                    the Approved Location(s). If the Approved

                                      -12-

<PAGE>

                    Location(s) is comprised of more than one place of business,
                    Retailer shall use each such place of business only for the
                    purposes specified therefor in Paragraph F and the Final
                    Paragraph of this Agreement, and, if applicable, in the
                    Retailer Facility Space Analysis Addendum.

               B.   CHANGES AND ADDITIONS

                    Retailer shall not move, relocate or change the designated
                    usage or function of the Approved Location(s) or any of the
                    Mercedes-Benz Center Facilities, or substantially modify any
                    of the Mercedes-Benz Center Facilities, nor shall Retailer
                    or any person named in the Final Paragraph of this Agreement
                    directly or indirectly establish or operate any other
                    locations or facilities for the sale or servicing of
                    Mercedes-Benz Light Truck Products or for the conduct of any
                    other of the Mercedes-Benz Center Operations contemplated by
                    this Agreement, without the prior written consent of MBUSA.
                    Any changes in the Approved Location(s) or the Mercedes-Benz
                    Center Facilities that may be agreed to by MBUSA and
                    Retailer may be reflected in a new Agreement or in a new
                    Retailer Facility Space Analysis Addendum.

                    Retailer agrees that it shall conduct Mercedes-Benz Center
                    Operations only from location(s) and Mercedes-Benz Center
                    facilities that are "Approved Location(s)" and
                    "Mercedes-Benz Center Facilities" under the Mercedes-Benz
                    Passenger Car Retailer Agreement.

                    Retailer acknowledges that the addition of sales, service or
                    parts operations for another line of vehicles to the
                    Mercedes-Benz Center Facilities or at the Approved
                    Location(s) could adversely affect Retailer's sales, service
                    and parts performance with respect to Mercedes-Benz Light
                    Truck Products. Accordingly, to give MBUSA an adequate
                    opportunity to evaluate the effect of such a proposed
                    addition and to determine whether or not to consent thereto,
                    Retailer agrees to notify MBUSA in writing at least sixty
                    (60) days before Retailer enters into any agreement or
                    letter of intent with respect to the addition of such sales,
                    service or parts operations to the Mercedes-Benz Center
                    Facilities or at the Approved Location(s).

               C.   RETAILER'S OPERATING HOURS

                    Retailer agrees to conduct Mercedes-Benz Center Operations
                    during all days and hours that are customary and lawful for
                    such operations in the community or locality in which
                    Retailer is located and in accordance with industry
                    standards. In addition, when necessary to accommodate client
                    needs, Retailer shall extend its operating hours.

                                      -13-

<PAGE>

          D.   CORPORATE IDENTITY

               Subject to applicable governmental statutes, ordinances and
               regulations, Retailer agrees to erect, display and maintain, at
               Approved Location(s) only and at Retailer's sole expense, such
               standard authorized product and service signs and other corporate
               identity elements as are specified in the Corporate Identity
               Manual or otherwise required by MBUSA from time to time.

          E.   EVALUATION OF MERCEDES-BENZ CENTER FACILITIES

               MBUSA will periodically evaluate the Mercedes-Benz Center
               Facilities. In making such evaluations, MBUSA may consider, among
               other things: the actual building and land provided by Retailer
               for the performance of its responsibilities under this Agreement;
               compliance with MBUSA's current requirements for Mercedes-Benz
               Center Operations; the appearance, condition, layout and signage
               of the Mercedes-Benz Center Facilities; and such other factors as
               in MBUSA's opinion may relate to Retailer's performance of its
               responsibilities under this Agreement. MBUSA will discuss such
               evaluations with Retailer, and Retailer shall take prompt action
               to comply with MBUSA's recommendations and minimum facility
               standards.

          F.   OWNERSHIP AND USE OF MERCEDES-BENZ MARKS

               1.   VALIDITY AND EXCLUSIVE OWNERSHIP OF MERCEDES-BENZ MARKS

                    Retailer acknowledges the validity and DCAG's exclusive
                    ownership of the Mercedes-Benz Marks, and agrees not to
                    contest the same during the term of the Agreement or at any
                    time thereafter. Retailer and MBUSA agree to cooperate with
                    each other in preventing any acts of trademark infringement
                    or unfair competition with respect to any Mercedes-Benz
                    Mark, but DCAG or MBUSA shall have sole control over all
                    actions and legal proceedings to redress infringement of or
                    any unfair competition with respect to any Mercedes-Benz
                    Mark.

               2.   USE BY RETAILER

                    MBUSA grants Retailer a non-exclusive license to use the
                    Mercedes-Benz Marks subject to the terms and conditions
                    of the Agreement and the Corporate Identity Manual. Retailer
                    agrees that it will use the Mercedes-Benz Marks only in
                    connection with the sale and servicing of Mercedes-Benz
                    Light Truck Products and only in such manner, at such
                    location, to such extent, and for such purposes as MBUSA may
                    specify from time to time. Retailer shall promptly change or
                    discontinue its use of any Mercedes-Benz Marks upon MBUSA's
                    request. Retailer shall not use the Mercedes-Benz Marks as
                    part of its corporate or business name without MBUSA's prior
                    written consent.

                                      -14-

<PAGE>

               3.   DISCONTINUANCE OF USE

                    Upon termination of this Agreement, Retailer agrees that it
                    shall immediately:

                    a.   Discontinue the use of the word Mercedes-Benz and the
                         Mercedes-Benz Marks, or any semblance of same,
                         including without limitation, the use of all
                         stationery, telephone directory listing and other
                         printed material referring in any way to Mercedes-Benz
                         or bearing any Mercedes-Benz Mark;

                    b.   Discontinue the use of the word Mercedes-Benz or the
                         Mercedes-Benz Marks, or any semblance of same, as part
                         of its business or corporate name, and file a change or
                         discontinuance of such name with appropriate
                         authorities;

                    C.   Remove all product signs bearing said word(s) or
                         Mercedes-Benz Marks at Retailer's sole cost and
                         expense;

                    d.   Cease representing itself as an authorized
                         Mercedes-Benz light truck retailer; and

                    e.   Refrain from any action, including without limitation,
                         any advertising, stating or implying that it is
                         authorized to sell or distribute Mercedes-Benz Light
                         Truck Products.

               4.   ENFORCEMENT

                    In the event Retailer fails to comply with the terms and
                    conditions of this Section VI.F, MBUSA shall have the
                    right, in its sole discretion, to effect, compliance through
                    litigation and/or to enter upon Retailer's premises and
                    remove, without liability, all such product signs and
                    identification bearing the word Mercedes-Benz or any
                    Mercedes-Benz Mark. Retailer agrees that it shall reimburse
                    MBUSA for any costs and expenses incurred in such
                    litigation and/or removal, including reasonable attorney
                    fees.

VII. WARRANTIES

     The only warranties of MBUSA or MBUSI applicable to Mercedes-Benz Light
     Truck Products shall be the New Vehicle Limited Warranty or such other
     written warranties that may be expressly furnished by MBUSA or MBUSI.
     Except for its express limited liability under such written warranties,
     MBUSA and MBUSI do not assume any additional warranty obligations or
     liabilities in connection with any Mercedes-Benz Light Truck Products.
     Retailer is not authorized to assume any additional obligations or

                                      -15-

<PAGE>

          liabilities on behalf of MBUSA or MBUSI. Any such additional
          obligations assumed by Retailer shall be the sole responsibility of
          Retailer.

          Retailer shall expressly incorporate in full and without modification
          any warranty furnished by MBUSA or MBUSI with a Mercedes-Benz Light
          Truck as a conspicuous part of each order form or other contract for
          the sale of such a Mercedes-Benz Light Truck by Retailer to any buyer.
          Retailer shall make available to the buyer of each Mercedes-Benz Light
          Truck Product prior to the purchase of such Mercedes-Benz Light Truck
          Product, copies of such applicable warranties as may be furnished by
          MBUSA or MBUSI. Retailer shall also provide to the buyer of each
          Mercedes-Benz Light Truck Product, in full and without modification,
          any owner's manual, warranty booklet or other owner information which
          MBUSA or MBUSI may provide to Retailer for delivery with such
          Mercedes-Benz Product. Retailer agrees to abide by and implement in
          all other respects MBUSA's warranty procedures then in effect.

VIII. CAPITAL, CREDIT, RECORDS AND UNIFORM SYSTEMS

     A.   NET WORKING CAPITAL

          Retailer agrees to establish and maintain actual net working capital
          in an amount not less than the minimum net working capital specified
          by MBUSA. MBUSA will have the right to modify the amount of net
          working capital required, and Retailer agrees promptly to establish
          and maintain the required amount.

     B.   FLOORING AND LINES OF CREDIT

          Retailer agrees to obtain and maintain at all times a confirmed and
          adequate flooring line with a bank or financial institution or other
          method of financing acceptable to MBUSA to enable Retailer to perform
          its obligations pursuant to this Agreement.

          MBUSA may increase the required amounts of flooring or lines of
          credit, and Retailer agrees promptly to establish and maintain the
          increased amount.

          Subject to the foregoing obligations, Retailer is free to do its
          financing business, wholesale, retail or both, with whomever it
          chooses and to engage in retail financing activity to the extent it
          desires.

     C.   PAYMENT TERMS

          All monies or accounts due Retailer from MBUSA will be considered net
          of Retailer's indebtedness to MBUSA. MBUSA may deduct or offset any
          amounts due or to become due from Retailer to MBUSA, or any amounts
          held by MBUSA, from or against any sums or accounts due or to become
          due from MBUSA to Retailer; provided, however, that MBUSA shall not
          deduct or offset such amounts for any transaction where MBUSA has
          failed to provide written notice to Retailer

                                      -16-

<PAGE>

                  of the amounts due within six (6) months of the transaction.
                  Payments by Retailer to MBUSA shall be made in such a manner
                  as prescribed by MBUSA and shall be applied against Retailer's
                  indebtedness in accordance with MBUSA's policies and
                  practices. If Retailer disputes any deduction or offset
                  imposed by MBUSA pursuant to this Section VIII.C, it shall
                  provide written notice of such dispute to MBUSA within ninety
                  (90) days of the date on which MBUSA imposed such deduction or
                  offset. If Retailer fails to provide such notice to MBUSA
                  within that 90-day period, it shall be deemed to have waived
                  any right that it may have to challenge such deduction or
                  offset pursuant to Section XII or before any court,
                  administrative agency or governmental body.

         D.       UNIFORM ACCOUNTING SYSTEM

                  Retailer agrees to maintain its financial books and records in
                  accordance with the Mercedes-Benz Accounting Manual, as
                  amended from time to time by MBUSA. In addition, Retailer
                  shall furnish to MBUSA complete and accurate financial or
                  operating information, including without limitation, a
                  financial and/or operating statement covering the current
                  month and calendar year-to-date operations and showing the
                  true and accurate condition of Retailer's business. Retailer
                  shall promptly furnish to MBUSA copies of any adjusted annual
                  statements, including any and all adjusted, year-end
                  statements prepared for tax or any other purposes. All such
                  information shall be furnished by Retailer to MBUSA via
                  MBUSA's electronic communications network and in such a format
                  and at such times as prescribed by MBUSA. If requested by
                  MBUSA, Retailer shall furnish to MBUSA an audited annual
                  financial statement.

         E.       RECORDS MAINTENANCE

                  Retailer agrees to keep complete, accurate and current records
                  regarding its sale, leasing and servicing of Mercedes-Benz
                  Light Truck Products for a minimum of five (5) years,
                  exclusive of any retention period required by any governmental
                  entity. Retailer shall prepare, keep current and retain
                  records in support of requests for reimbursement for warranty
                  and policy work performed by Retailer in accordance with the
                  Warranty Manual.

         F.       EXAMINATION OF MERCEDES-BENZ CENTER ACCOUNTS AND RECORDS

                  MBUSA shall have the right at all reasonable times and during
                  regular business hours to inspect the Mercedes-Benz Center
                  Facilities and to examine, audit and reproduce all records,
                  accounts and supporting data relating to all Mercedes-Benz
                  Center operations for any line of vehicles conducted in the
                  Mercedes-Benz Center Facilities or at the Approved
                  Location(s), including without limitation, sales reporting,
                  service and repair of Mercedes-Benz Light Truck Products by
                  Retailer.

                                      -17-

<PAGE>

         G.       TAXES

                  Retailer shall be responsible for and duly pay all sales
                  taxes, use taxes, excise taxes and other governmental or
                  municipal charges imposed, levied or based upon the purchase
                  or sale of Mercedes-Benz Light Truck Products by Retailer, and
                  shall maintain accurate records of the same.

         H.       CONFIDENTIALITY

                  MBUSA agrees that it shall not provide any data or documents
                  submitted to it by Retailer to any third party unless
                  authorized by Retailer, required by law, or required to
                  generate composite or comparative data for analytical
                  purposes. Retailer agrees to keep confidential and not to
                  disclose, directly or indirectly, any information that MBUSA
                  designates as confidential.

         I.       MERCEDES-BENZ RETAILER COMMUNICATIONS SYSTEM AND PROPRIETARY
                  MANUFACTURER SYSTEMS

                  MBUSA has established the Mercedes-Benz Retailer
                  Communications System ("RCS") to retrieve information from and
                  disseminate information to Retailer. The RCS (which is
                  presently called MBNet) collects parts, warranty and financial
                  data from Retailer, and provides access to various reports,
                  data bases and administrative messages to Retailer. Retailer
                  shall utilize the RCS to provide such information to MBUSA as
                  MBUSA shall specify from time to time. Retailer shall acquire,
                  install and maintain at its expense the necessary equipment
                  and systems compatible with the RCS, as well as other
                  proprietary manufacturer systems, which are deemed necessary
                  by MBUSA to transact business and serve clients in the most
                  efficient manner.

         J.       SALES REPORTING

                  Retailer agrees to accurately report to MBUSA, with such
                  relevant information as MBUSA may reasonably require, the
                  delivery of each Mercedes-Benz Light Truck to an ultimate
                  consumer by the end of the day in which the vehicle is
                  delivered to such ultimate consumer, and to furnish MBUSA with
                  such other reports as MBUSA may reasonably require in
                  accordance with MBUSA's Ultimate Consumer DDR Reporting
                  Provision or such other sales reporting requirements as MBUSA
                  may establish from time to time.

                                      -18-

<PAGE>

IX.      TRANSFERS

         A.       SALE OF ASSETS OR OWNERSHIP INTEREST

                  This is a personal service Agreement that MBUSA has entered
                  into in reliance upon the personal qualifications, reputation,
                  integrity, expertise and commitment of Owners and Retailer
                  Operator. MBUSA has also entered into this Agreement in
                  reliance on Retailer's agreement at all times to conduct
                  Mercedes-Benz Center Operations hereunder in conjunction with,
                  and at the "Approved Location(s)" and "Mercedes-Benz Center
                  Facilities" for, its "Mercedes-Benz Center Operations" under
                  the Mercedes-Benz Passenger Car Retailer Agreement. For these
                  reasons, Retailer agrees to obtain MBUSA's prior written
                  consent to any proposed sale or transfer of Retailer's
                  principal assets or any ownership interest of Owner, which
                  consent shall not be unreasonably withheld; provided, however,
                  that anything herein to the contrary notwithstanding, Retailer
                  agrees that (i) it shall not sell or transfer any such assets
                  or ownership interest relating to the conduct of Mercedes-Benz
                  Center Operations hereunder separate and apart from the assets
                  or ownership interest relating to the conduct of
                  "Mercedes-Benz Center Operations" under the Mercedes-Benz
                  Passenger Car Agreement, and that (ii) any such attempted sale
                  or transfer shall be void and not binding on MBUSA.

                  MBUSA shall not be obligated to execute a new Agreement with a
                  proposed transferee of such assets or ownership interest
                  unless Retailer first makes arrangements acceptable to MBUSA
                  to satisfy any outstanding indebtedness to MBUSA.

         B.       RIGHT OF FIRST REFUSAL OR OPTION TO PURCHASE

                  Subject to Section IX.A., the parties agree as follows:

                  1.    RIGHTS GRANTED

                        If a proposal to sell Retailer's principal assets or
                        transfer the majority ownership interest in Retailer is
                        submitted by Retailer to MBUSA, or in the event of the
                        death of the majority Owner of Retailer, MBUSA has a
                        right of first refusal or option to purchase such assets
                        or ownership interest, including any leasehold interest
                        or realty. MBUSA's exercise of its right or option under
                        this Section IX.B supersedes Retailer's right to
                        transfer its interest in, or ownership of, the
                        Mercedes-Benz Center. MBUSA's right or option may be
                        assigned by it to any third party and MBUSA hereby
                        guarantees the full payment to Retailer of the purchase
                        price by such assignee. MBUSA may disclose the terms of
                        any pending buy/sell agreement and any other relevant
                        Mercedes-Benz Center performance information to any
                        potential assignee. MBUSA's rights under this Section
                        IX.B will be binding on and enforceable against any

                                      -19-

<PAGE>

                        assignee or successor in interest of Retailer or
                        purchaser of Retailer's assets.

                        Anything herein to the contrary notwithstanding, MBUSA
                        shall not have a right of first refusal or option to
                        purchase Retailer's principal assets or the majority
                        interest in Retailer if the proposed transferee is the
                        spouse or a child of an Owner and such spouse or child
                        meets the criteria then currently used by MBUSA in
                        qualifying owners of Mercedes-Benz light truck
                        retailers. If the proposed transferee fails to meet such
                        criteria due to insufficient personal qualifications or
                        expertise, MBUSA may, in its sole discretion, approve
                        the transfer subject to the proposed transferee's
                        successful completion of such training as MBUSA may
                        require. If the proposed transferee fails to complete
                        such training successfully or otherwise fails to meet
                        the criteria then currently used by MBUSA in qualifying
                        such owners within the time period prescribed by MBUSA,
                        MBUSA may thereafter exercise its right of first refusal
                        or option to purchase under this Section IX.B.

                  2.    EXERCISE OF MBUSA'S RIGHTS

                        MBUSA shall have thirty (30) days from the following
                        events within which to exercise its option to purchase
                        or right of first refusal: (i) MBUSA's receipt of all
                        data and documentation customarily required by it to
                        evaluate a proposed transfer of ownership; (ii) MBUSA's
                        receipt of notice from Retailer of the death of the
                        majority Owner of Retailer, or (iii) MBUSA's disapproval
                        of any application submitted by Owner's heirs pursuant
                        to Section X. MBUSA's exercise of its right of first
                        refusal under this Section IX.B neither shall be
                        dependent upon nor require its prior refusal to approve
                        the proposed transfer.

                  3.    RIGHT OF FIRST REFUSAL

                        If Retailer has entered into a bona fide written
                        buy/sell agreement for its Mercedes-Benz Center business
                        or assets, MBUSA's right under this Section IX.B is a
                        right of first refusal, enabling MBUSA to assume the
                        buyer's rights and obligations under such buy/sell
                        agreement, and to cancel this Agreement and all rights
                        granted Retailer. Upon MBUSA's request, Retailer agrees
                        to provide other documents relating to the proposed
                        transfer and any other information which MBUSA deems
                        appropriate, including, but not limited to, those
                        reflecting other agreements or understandings between
                        the parties to the buy/sell agreement. If Retailer
                        refuses to provide such documentation or to state in
                        writing that no such documents exist, it shall be
                        conclusively presumed that the buy/sell agreement is not
                        a bona fide agreement. If Retailer withdraws its
                        proposal in writing within ten (10) days following
                        Retailer's receipt of MBUSA's notice exercising its
                        right of first refusal, such right shall be null and
                        void.

                                      -20-

<PAGE>

                        If, as a result of MBUSA's exercise of its right of
                        first refusal, Retailer is contractually obligated to
                        reimburse the initial buyer for reasonable attorney's
                        fees, broker's fees, title searches, property
                        inspections, and other similar costs and fees that the
                        buyer incurred in connection with the buy/sell
                        agreement, MBUSA shall reimburse Retailer for such costs
                        and fees in an amount up to but not exceeding Fifty
                        Thousand Dollars ($50,000.00). Retailer shall provide
                        MBUSA with all documents substantiating such costs and
                        fees as MBUSA may reasonably request.

                  4.    OPTION TO PURCHASE

                        In the event of the death of the majority Owner or if
                        Retailer submits a proposal which MBUSA determines is
                        not bona fide or in good faith, MBUSA has the option to
                        purchase the principal assets of Retailer utilized in
                        Mercedes-Benz Center Operations, including real estate
                        and leasehold interest, and to cancel this Agreement and
                        the rights granted Retailer hereunder. The purchase
                        price of the Mercedes-Benz Center assets will be
                        determined by good faith negotiations between the
                        parties. If an agreement cannot be reached, the purchase
                        price will be determined pursuant to the Dispute
                        Resolution Process established in Section XII.

                  5.    RETAILER'S OBLIGATIONS

                        Upon MBUSA's exercise of its right or option and tender
                        of performance under the buy/sell agreement or upon
                        whatever terms may be expressed in the buy/sell
                        agreement, Retailer shall forthwith transfer the
                        affected real property by warranty deed conveying
                        marketable title free and clear of all liens, claims,
                        mortgages, encumbrances, tenancies and occupancies. The
                        warranty deed shall be in proper form for recording, and
                        Retailer shall deliver complete possession of the
                        property and deed at the time of closing. Retailer shall
                        also furnish to MBUSA all copies of any easements,
                        licenses or other documents affecting the property or
                        Mercedes-Benz Center Operations and shall assign any
                        permits or licenses that are necessary or desirable for
                        the use of or appurtenant to the property or the conduct
                        of such operations. Retailer also agrees to execute and
                        deliver to MBUSA instruments satisfactory to MBUSA
                        conveying title to all personal property, including
                        leasehold interests, involved in the transfer or sale to
                        MBUSA. If any personal property is subject to any lien
                        or charge of any kind, Retailer agrees to procure the
                        discharge and satisfaction thereof prior to the closing
                        of sale of such property to MBUSA.

                                      -21-

<PAGE>

X.       SUCCESSION RIGHTS UPON DEATH OR INCAPACITY

         A.       SUCCESSION TO OWNERSHIP AFTER DEATH OF OWNER

                  In the event that an Owner dies and his or her interest in
                  Retailer passes directly to any person or persons ("Heirs")
                  who wish to succeed to Owner's interest, then Owner's legal
                  representative must notify MBUSA within sixty (60) days of the
                  death of Owner of such Heir's or Heirs' intent to succeed
                  Owner. The legal representative also must then designate a
                  proposed Retailer Operator for MBUSA's approval. The effect of
                  such notice from Owner's legal representative will be to
                  suspend any notice of termination provided for in Section
                  XI.B.4 issued hereunder.

                  Upon delivery of such notice, Owner's legal representative
                  shall immediately request any person(s) identified by it as
                  intending to succeed Owner and the designated candidate for
                  Retailer Operator to submit an application and to provide all
                  personal and financial information that MBUSA may reasonably
                  and customarily require in connection with its review of such
                  applications. All requested information must be provided
                  promptly to MBUSA and in no case later than thirty (30) days
                  after receipt of such request from Owner's legal
                  representative. MBUSA shall have sixty (60) days after its
                  receipt of all requested information in which to: (i) review
                  such application(s) pursuant to the then current criteria
                  generally applied by MBUSA in qualifying owners and/or
                  retailer operators of Mercedes-Benz light truck retailers, and
                  (ii) either approve or disapprove the application(s);
                  provided, however, that if MBUSA does not receive such
                  application(s) and all requested information within thirty
                  (30) days of Owner's legal representative's request therefor,
                  MBUSA shall have no obligation to review and approve or
                  disapprove such application(s). If MBUSA approves the
                  application(s), it shall offer to enter into a new
                  Mercedes-Benz Light Truck Retailer Agreement with Owner's
                  Heir(s) in the form then currently in use, subject to such
                  additional conditions and for such term as MBUSA deems
                  appropriate; provided, however, that anything herein to the
                  contrary notwithstanding, MBUSA shall have no obligation to
                  execute a new Mercedes-Benz Light Track Retailer Agreement
                  with Owner's Heir(s) unless MBUSA approves such Heirs'
                  application for, and such Heirs execute, a new Mercedes-Benz
                  Passenger Car Retailer Agreement.

                  In the event that MBUSA does not approve the designated
                  Heir(s) or designated candidate for Retailer Operator, or if
                  Owner's legal representative withdraws his or her notice of
                  the intent of Heir(s) to succeed as Owner(s), or if the legal
                  representative or any proposed Owner or Retailer Operator
                  fails to timely provide the required information, MBUSA may
                  reinstate or issue a notice of termination. This Section X.A
                  is subject to, and shall not be deemed to waive, MBUSA's right
                  to exercise its option to purchase as set forth in Section IX.

                                      -22-

<PAGE>

                  If MBUSA has notified Retailer that it does not plan to
                  continue to have a Mercedes-Benz light truck retailer in
                  Retailer's AOI, MBUSA shall have no obligation to execute a
                  new Mercedes-Benz Light Truck Retailer Agreement with Owner's
                  Heir(s) pursuant to this Section X.

         B.       INCAPACITY OF OWNER

                  The parties agree that, as used herein, incapacity shall refer
                  to any physical or mental ailment that, in MBUSA's opinion,
                  adversely affects an Owner's ability to meet his or her
                  obligations under this Agreement. MBUSA may terminate this
                  Agreement when an incapacitated Owner also is the Retailer
                  Operator identified herein.

                  Prior to the effective date of any notice of termination, an
                  incapacitated Owner who is also the Retailer Operator, or his
                  or her legal representative, may propose a new candidate for
                  the position of Retailer Operator. Such proposal shall be in
                  writing and shall suspend any pending notice of termination
                  until MBUSA advises Retailer of its approval or disapproval of
                  the new candidate. Upon receipt of such notice, MBUSA and
                  Retailer shall follow the qualification procedures set forth
                  in Section X.A.

         C.       NOMINATION OF SUCCESSOR PRIOR TO DEATH OR INCAPACITY OF OWNER

                  An Owner owning a majority of Retailer's stock may nominate a
                  candidate to assume ownership and/or the position of Retailer
                  Operator of the Mercedes-Benz Center upon his or her death or
                  incapacity.

                  As soon as practicable after such nomination, MBUSA will
                  request such personal financial information from the nominated
                  Owner and/or Retailer Operator candidate as it reasonably and
                  customarily may require in evaluating such candidates. MBUSA
                  shall apply criteria then currently used by MBUSA in
                  qualifying owners and/or retailer operators of Mercedes-Benz
                  light truck retailers. Upon receipt of all requested
                  information, MBUSA shall either approve or disapprove such
                  candidate. If MBUSA initially approves the candidate, said
                  approval shall be reflected in a Successor Addendum and shall
                  remain in effect for five (5) years if the proposed candidate
                  continues to comply with the then current criteria used by
                  MBUSA in qualifying such candidates. If MBUSA does not
                  initially qualify the candidate, MBUSA agrees to review the
                  reason(s) for its decision with Owner. Owner is free at any
                  time to renew its nomination. However, in such instances, the
                  candidate must again qualify pursuant to the then current
                  criteria. Owner may, by written notice, withdraw a nomination
                  at any time, even if MBUSA has previously qualified said
                  candidate.

                                      -23-

<PAGE>

XI.      TERMINATION

         A.       VOLUNTARY TERMINATION BY RETAILER

                  Retailer may voluntarily terminate this Agreement at any time
                  by written notice to MBUSA, such termination to be effective
                  thirty (30) days after receipt of the notice by MBUSA unless
                  otherwise mutually agreed in writing.

         B.       TERMINATION FOR CAUSE

                  1.    IMMEDIATE TERMINATION

                        Retailer and MBUSA agree that the following conduct is
                        within Retailer's control and is so contrary to the
                        goals, purposes and objectives of this Agreement as to
                        warrant its immediate termination. Accordingly, Retailer
                        agrees that if it engages in any of the following types
                        of conduct, MBUSA shall have the right to terminate this
                        Agreement immediately:

                        a.      Any conduct that warrants the termination of the
                                Mercedes-Benz Passenger Car Retailer Agreement;

                        b.      Any attempted or actual sale, transfer or
                                assignment by Retailer of this Agreement or any
                                of the rights granted Retailer hereunder, or any
                                attempted or actual transfer, assignment or
                                delegation by Retailer of any of the
                                responsibilities assumed by it under this
                                Agreement, without the prior written consent of
                                MBUSA, including but not limited to any
                                attempted or actual sale, transfer or assignment
                                of Retailer's principal assets or any ownership
                                interest of Owner relating to the conduct of
                                Mercedes-Benz Center Operations hereunder
                                separate and apart from the assets or ownership
                                interest relating to the conduct of
                                "Mercedes-Benz Center Operations" under the
                                Mercedes-Benz Passenger Car Retailer Agreement;

                        c.      Subject to the provisions of Section IX, a
                                change by operation of law or otherwise in the
                                direct or indirect ownership of Retailer,
                                whether voluntary or involuntary, from that set
                                forth in the Final Paragraph of this Agreement,
                                except as expressly permitted herein, without
                                the prior written consent of MBUSA;

                        d.      Removal, resignation, withdrawal or elimination
                                from Retailer for any reason of the Retailer
                                Operator; provided, however, MBUSA shall give
                                Retailer a reasonable period of time within
                                which to replace such person with a Retailer
                                Operator satisfactory to MBUSA;

                                      -24-

<PAGE>

                        e.      The failure of Retailer to conduct all
                                Mercedes-Benz Center Operations required by this
                                Agreement during and for not less than the
                                customary and lawful hours for five (5)
                                consecutive business days, except in the event
                                such closure or cessation of operation is caused
                                by some physical event beyond the control of the
                                Retailer, such as strikes, civil war, riots,
                                fires, floods, earthquakes, or other acts of
                                God;

                        f.      Any undertaking by Retailer to conduct, directly
                                or indirectly, any of the Mercedes-Benz Center
                                Operations at a location or facility other than
                                those specified in Paragraph F and the Final
                                Paragraph of this Agreement for that
                                Mercedes-Benz Center Operation;

                        g.      Insolvency of Retailer, voluntary institution by
                                Retailer of any proceeding under the federal
                                bankruptcy laws or under any state insolvency
                                law, institution against Retailer of any
                                proceeding under the federal bankruptcy laws or
                                under any state insolvency law which is not
                                vacated within thirty (30) days from the
                                institution thereof, appointment of a receiver,
                                trustee or other officer having similar powers
                                for Retailer or Retailer's business, provided
                                such appointment is not vacated within thirty
                                (30) days of the date of such appointment;
                                execution by Retailer of an assignment for the
                                benefit of creditors; or any levy under
                                attachment, foreclosure, execution or similar
                                process whereby a third party acquires rights to
                                a significant portion of the assets of Retailer
                                necessary for the performance of Retailer's
                                responsibilities under this Agreement or to the
                                operation or ownership of Retailer, which is not
                                within thirty (30) days from the date of such
                                levy vacated or removed by payment or bonding;

                        h.      Any material misrepresentation by Retailer or
                                any person named in the Final Paragraph of this
                                Agreement as to any fact relied on by MBUSA in
                                entering into, amending or continuing with this
                                Agreement, including without limitation any
                                representation concerning the ownership,
                                management or capitalization of the Retailer;

                        i.      The conviction in a court of original
                                jurisdiction of Retailer or Owner of a crime
                                affecting the Mercedes-Benz Center Operations or
                                of any felony, or any willful failure of
                                Retailer to comply with the provisions of any
                                laws, ordinances, rules, regulations or orders
                                relating to the conduct of Mercedes-Benz Center
                                Operations;

                        j.      Submission by Retailer to MBUSA of: (i) a
                                knowingly false or fraudulent report or
                                statement; (ii) a knowingly false or fraudulent
                                claim (or statement in support thereof) for
                                payment, reimbursement

                                      -25-

<PAGE>

                                or for any discount, allowance, refund, rebate,
                                credit or other incentive under any plan that
                                may be offered by MBUSA, whether or not Retailer
                                offers or makes restitution; (iii) false
                                financial information; (iv) false sales
                                reporting data; or (v) any false report or
                                statement relating to pre-delivery inspection,
                                testing, warranties, service, repair or
                                maintenance required to be performed by
                                Retailer, or

                        k.      The failure of Retailer to obtain or maintain
                                any license, permit or authorization necessary
                                for the conduct by Retailer of Mercedes-Benz
                                Center Operations pursuant to this Agreement, or
                                the suspension or revocation such license,
                                permit or authorization.

                  2.    TERMINATION UPON SIXTY DAYS NOTICE

                        The following conduct violates the terms and conditions
                        of this Agreement and if Retailer engages in such
                        conduct, MBUSA shall have the right to terminate this
                        Agreement upon sixty (60) days notice if Retailer fails
                        to cure such conduct within the sixty-day period
                        provided in such notice:

                        a.      Failure of Retailer to pay MBUSA for any
                                Mercedes-Benz Light Truck Products;
                        b.      Failure of Retailer to establish or maintain the
                                required net working capital or adequate
                                flooring and lines of credit;
                        c.      Any dispute, disagreement or controversy among
                                managers, officers or Owners of Retailer that,
                                in the reasonable opinion of MBUSA, adversely
                                affects the ownership, operation, management,
                                business, reputation or interests of Retailer or
                                MBUSA;
                        d.      Impairment of the reputation or financial
                                standing of Retailer subsequent to the
                                execution of this Agreement;
                        e.      Refusal to permit MBUSA to examine or audit
                                Retailer's accounting records as provided herein
                                upon receipt by Retailer from MBUSA of written
                                notice requesting such permission or
                                information;
                        f.      Failure of Retailer to timely furnish accurate
                                sales or financial information and related
                                supporting data; or
                        g.      Breach or violation by Retailer of any other
                                term or provision of this Agreement

                                      -26-

<PAGE>
          3.   TERMINATION FOR FAILURE OF PERFORMANCE

               If, upon evaluation of Retailers performance pursuant to Sections
               II.E, IV.F, V.B or VI.E herein, MBUSA concludes that Retailer has
               failed to perform adequately its marketing and sales, service or
               client satisfaction responsibilities or to provide adequate
               Mercedes-Benz Center facilities, MBUSA shall issue to Retailer a
               Retailer Improvement Addendum notifying it of such failure(s).
               MBUSA will endeavor to review promptly with Retailer the nature
               and extent of such failure(s) and will grant Retailer one hundred
               eighty (180) days or such other period as may be required by law
               to correct such failure(s). If Retailer fails or refuses to
               correct such failure(s) or has not made substantial progress
               towards remedying such failure(s) at the expiration of such
               period, MBUSA may terminate this Agreement upon sixty (60) days
               notice or such other notice as may be required by law.

          4.   TERMINATION UPON DEATH OR INCAPACITY

               Subject to certain exceptions identified in Section X, MBUSA may
               terminate this Agreement in the event of the death of an Owner or
               upon the incapacity of any Owner who is also the Retailer
               Operator, upon written notice to Retailer and such Owner's legal
               representative. Termination upon either of these events shall be
               effective ninety (90) days from the date of such notice.

     C.   TERMINATION UPON TERMINATION OF DISTRIBUTORSHIP

          MBUSA may terminate this Agreement at any time by written notice to
          Retailer, such termination to be effective thirty (30) days after
          receipt of notice by Retailer unless otherwise mutually agreed in
          writing, if any licensing or distribution agreement pursuant to which
          MBUSA is distributor for Mercedes-Benz Light Truck Products in the
          United States of America shall terminate or be terminated.

     D.   TERMINATION FOR FAILURE OF MBUSA TO BE LICENSED

          If MBUSA fails to obtain or maintain any license, permit or
          authorization necessary for MBUSA's performance of its obligations
          under this Agreement or if such license, permit or authorization is
          suspended or revoked, and such suspension or revocation continues for
          a period of five (5) days, either party may immediately terminate this
          Agreement by giving notice to the other party.

                                      -27-

<PAGE>

     E.   TERMINATION UPON OFFERING TO ENTER INTO A NEW OR AMENDED LIGHT TRUCK
          RETAILER AGREEMENT

          MBUSA may terminate this Agreement at any time by giving Retailer
          ninety (90) days prior notice thereof and offering to enter into a new
          or amended form of Light Truck Retailer Agreement with Retailer in a
          form being offered generally to Mercedes-Benz light truck retailers.

     F.   NOTICE OF TERMINATION

          Any notice of termination under this Agreement shall be in writing and
          shall be mailed to the person(s) designated to receive such notice,
          via overnight mail, or shall be delivered in person. Such notice shall
          be effective upon the date of receipt. MBUSA shall state the grounds
          on which it relies in its termination of Retailer, and shall have the
          right to amend such notice as appropriate. MBUSA's failure to refer to
          additional grounds for termination shall not constitute a waiver of
          its right later to rely upon such grounds.

     G.   CONTINUANCE OF BUSINESS RELATIONS

          Upon receipt of any notice of termination, Retailer agrees to conduct
          itself and its operation until the effective date of termination in a
          manner that will not injure the reputation or goodwill of the
          Mercedes-Benz Marks or MBUSA.

     H.   REPURCHASE PROVISIONS

          1.   MBUSA'S OBLIGATIONS

               Upon the termination of this Agreement, MBUSA shall have the
               right to cancel any and all shipments of Mercedes-Benz Light
               Truck Products scheduled for delivery to Retailer, and MBUSA
               shall repurchase from Retailer the following:

               a.   New, unused, unmodified and undamaged Mercedes-Benz Light
                    Trucks then unsold in Retailer's inventory that are of the
                    then current or prior model year. The prices of such light
                    trucks shall be the same as those at which they were
                    originally purchased by Retailer, less all prior refunds or
                    other allowances made by MBUSA to Retailer with respect
                    thereto.

               b.   New, unused and undamaged Genuine Mercedes-Benz Light Truck
                    Parts and Accessories then unsold in Retailer's inventory
                    that are in good and saleable condition and are listed in
                    the current parts catalog. The prices for such parts and
                    accessories shall be the prices last established by MBUSA
                    for the sale of identical parts or

                                      -28-

<PAGE>
                    accessories to Mercedes-Benz light truck retailers in the
                    area in which Retailer is located.

               c.   Special service tools recommended by MBUSA and then owned by
                    Retailer and that are especially designed for servicing
                    Mercedes-Benz Light Trucks. The prices for such special
                    service tools will be the price paid by Retailer less
                    depreciation calculated on a straight-line basis over a
                    three-year period, or such other price as the parties may
                    negotiate.

               d.   Signs that MBUSA has recommended for identification of
                    Retailer. The price of such signs shall be the price paid by
                    Retailer less appropriate depreciation calculated on a
                    straight-line basis over a three-year period, or such other
                    price as the parties may negotiate.

          2.   RETAILER'S RESPONSIBILITIES

               MBUSA's obligations to repurchase the items set forth in this
               Section XI.H are contingent upon Retailer fulfilling all of the
               following obligations:

               a.   Within thirty (30) days after the effective date of
                    termination of this Agreement, Retailer shall deliver or
                    mail to MBUSA a detailed inventory of all items referred to
                    in this Section XI.H that it requests MBUSA repurchase and
                    shall certify that such list is true and accurate.

               b.   Retailer shall be entitled to request repurchase of only
                    those items that it purchased from MBUSA, unless MBUSA
                    agrees otherwise.

               c.   Retailer will deliver to MBUSA at MBUSA's place of business
                    and at Retailer's expense all Mercedes-Benz Light Truck
                    Products and special service tools to be repurchased by
                    MBUSA. If Retailer fails to do so, MBUSA may transfer such
                    items and deduct the cost therefor from the repurchase
                    price.

               d.   Retailer will execute and deliver to MBUSA instruments
                    satisfactory to MBUSA conveying good and marketable title to
                    the aforesaid items to MBUSA. If such items are subject to
                    any lien or charge of any kind, Retailer will procure the
                    discharge in satisfaction thereof prior to their repurchase
                    by MBUSA. Retailer will comply with the requirements of any
                    state or federal laws that relate to the repurchase,
                    including bulk sales or transfer laws.

               e.   Retailer will provide to MBUSA in writing the names and
                    addresses of all of its Mercedes-Benz light truck service
                    clients.

                                      -29-

<PAGE>
               f.   Retailer will deliver to MBUSA at MBUSA's place of business
                    Or to a third person designated by MBUSA and at Retailer's
                    expense any and all sales instruction manuals, promotional
                    materials, technical or service literature, advertising and
                    other printed material, computer software or other media
                    relating to Mercedes-Benz Light Truck Products then in
                    Retailer's possession and that were acquired or obtained by
                    Retailer from MBUSA.

               g.   Retailer will remove, at its own expense, all signage and
                    corporate identification from Retailer's Approved
                    Location(s), including all Mercedes-Benz Marks, before it is
                    eligible for payment hereunder.

          3.   PAYMENT BY MBUSA

               MBUSA will pay Retailer for such items as Retailer may request be
               repurchased and that qualify hereunder as soon as practicable
               upon Retailer's compliance with all of the obligations set forth
               herein and upon computation of any outstanding indebtedness of
               Retailer to MBUSA.

               MBUSA shall have the right to offset from any amounts due to
               Retailer hereunder the total sum of Retailer's outstanding
               indebtedness to MBUSA.

               If Retailer disagrees with MBUSA's valuation of any item herein,
               and Retailer and MBUSA have not resolved their disagreement
               within ninety (90) days of the effective date of termination of
               this Agreement, MBUSA shall pay to Retailer the amount to which
               it reasonably believes Retailer is entitled. Retailer's exclusive
               remedy to recover any additional sums that it believes are due
               under this Section shall be by resort to the procedures set forth
               in Section XII.

XII. DISPUTE RESOLUTION PROCESS

     A.   THE MERCEDES-BENZ BOARD

          MBUSA and Retailer agree to minimize disputes between them. However,
          in the event that disputes arise, MBUSA and Retailer agree that they
          will attempt to resolve all matters between them before any formal
          action is taken to initiate any judicial, administrative or
          governmental proceeding.

          A Mercedes-Benz Board ("Board") will act as the administrator of all
          disputes between MBUSA and Retailer arising out of or relating to this
          Agreement. The Board will consist of three representatives who will be
          selected by MBUSA and three retailer operators of Mercedes-Benz
          passenger car retailers who will be selected by the Mercedes-Benz
          Retailer Board. The Board will determine eligibility requirements,
          develop procedures to ensure a fair and equitable

                                      -30-

<PAGE>
          decision ("ADR Procedures") and select individuals to participate in
          a Dispute Resolution Panel ("Panel") to hear an eligible dispute. The
          Panel shall consist of at least one MBUSA representative, one
          retailer operator of a Mercedes-Benz passenger car retailer, and one
          independent person who has been selected by the Board.

          The Board shall also monitor the Dispute Resolution Process, report to
          MBUSA and the Mercedes-Benz Retailer Board annually on the
          effectiveness of this process and, when required, make recommendations
          for changes in this process.

          There are two steps in the Dispute Resolution Process: mandatory
          mediation and optional arbitration. All disputes must first be
          submitted to mediation, unless that step is waived by written
          agreement of the parties. If mediation does not resolve the dispute to
          their mutual satisfaction, then Retailer may submit the dispute to
          arbitration.

     B.   MANDATORY MEDIATION

          Prior to initiating any judicial, administrative or governmental
          proceeding, MBUSA and Retailer agree to mediate any dispute arising
          out of or relating to the Agreement. MBUSA and Retailer agree that the
          procedures contained in the Retailer Dispute Resolution Guide shall
          govern mediation under Section XII.B. Mediation will be conducted by a
          Panel, which will evaluate each position and recommend a solution.
          This recommended solution is not binding on either party.

          If the parties are unable to resolve a dispute under this Section XII,
          and a party elects to initiate a judicial, administrative or
          governmental proceeding with respect to such dispute, the prevailing
          party shall be entitled to recover its costs of such proceeding,
          including its reasonable attorneys fees, from the other party.

          The parties hereby agree and stipulate that the Panel's recommended
          solution is admissible in any arbitration, judicial, administrative or
          governmental proceeding with respect to the dispute.

     C.   OPTIONAL ARBITRATION

          If a dispute has not been resolved after mediation, or if Retailer and
          MBUSA have agreed in writing to waive mediation, Retailer may submit
          the dispute to arbitration in accordance with the procedures in the
          Retailer Dispute Resolution Guide. The award of the arbitration panel
          shall be binding on MBUSA but not on Retailer, and shall be
          non-appealable except as otherwise provided in the United States
          Arbitration Act. Retailer may pursue its remedy in a judicial,
          administrative or governmental proceeding if Retailer chooses not to
          be bound by the arbitration award. Judgment upon any award rendered by
          the arbitrator(s) may be entered and enforced in any court having
          jurisdiction.

                                      -31-

<PAGE>

XIII. DEFENSE AND INDEMNIFICATION

     A.   DEFENSE AND INDEMNIFICATION BY MBUSA

          MBUSA agrees to assume the defense of Retailer and to indemnify and
          hold Retailer harmless in any lawsuit naming Retailer as a defendant
          and involving any Mercedes-Benz Light Truck Product when the lawsuit
          also involves allegations of:

          1.   Bodily injury or property damage arising out of an occurrence
               allegedly caused solely by a defect or failure to warn of a
               defect in design, manufacture or assembly of a Mercedes-Benz
               Light Truck Product, provided that the defect could not
               reasonably have been discovered by Retailer during the
               pre-delivery inspections and service of the Mercedes-Benz Light
               Truck Product or otherwise;

          2.   Any misrepresentation or misleading statement or unfair or
               deceptive trade practice of MBUSA; or

          3.   Any substantial damage to a Mercedes-Benz Light Truck Product
               purchased by Retailer from MBUSA that was repaired by MBUSA and
               where Retailer had not been notified of such damage in writing
               prior to the delivery of the subject light truck, part or
               accessory to a retail client; and

               Provided:

          4.   That Retailer delivers to MBUSA, in a manner to be designated by
               MBUSA, within twenty (20) days of the service of any summons or
               complaint, copies of such documents and requests in writing a
               defense and/or indemnification therein (except as provided in
               Section XIII.D below);

          5.   That the complaint does not involve allegations of Retailer
               misconduct, including but not limited to, improper or
               unsatisfactory service or repair, misrepresentation, or any claim
               of Retailer's unfair or deceptive trade practice;

          6.   That the Mercedes-Benz Light Truck Product which is the subject
               of the lawsuit was not altered by or for Retailer;

          7.   That Retailer agrees to cooperate fully in the defense of such
               action as MBUSA may reasonably require; and

          8.   That Retailer agrees that MBUSA may offset any recovery on
               Retailer's behalf against any indemnification that may be
               required hereunder.

                                      -32-

<PAGE>
     B.   DEFENSE AND INDEMNIFICATION BY RETAILER

          Retailer agrees to assume the defense of MBUSA or MBUSI and to
          indemnify and hold them harmless in any lawsuit naming MBUSA or MBUSI
          as a defendant when the lawsuit involves allegations of:

          1.   Retailer's failure to comply, in whole or in part, with any
               obligation assumed by Retailer under this Agreement;

          2.   Retailer's negligent or improper inspection, preparation, repair
               or servicing of a new or used Mercedes-Benz Light Truck Product,
               or such other motor vehicles or equipment as may be sold or
               serviced by Retailer;

          3.   Retailers alleged breach of any contract or warranty other than
               that provided by MBUSA or MBUSI;

          4.   Retailer's alleged misleading statements, misrepresentations, or
               deceptive or unfair trade practices;

          5.   Any modification or alteration made by or on behalf of Retailer
               to a Mercedes-Benz Light Track Product, except those made
               pursuant to the express written instruction or with the express
               written approval of MBUSA;

          6.   Any change in the employment status or in the terms or conditions
               of employment of any officer, employee or agent of Retailer or of
               any Owner or the Retailer Operator, including but not limited to
               claims for breach of employment contract, wrongful termination or
               discharge, tortious interference with contract or economic
               advantage, and similar claims; and

               Provided:

          7.   That MBUSA delivers to Retailer, within twenty (20) days of the
               service of any summons, or complaint, copies of such documents,
               and requests in writing a defense and/or indemnification therein
               (except as provided in Section XIII.D below);

          8.   That MBUSA agrees to cooperate fully in the defense of such
               action as Retailer may reasonably require; and

          9.   That the complaint does not involve allegations of liability
               premised upon MBUSA's separate conduct or omissions.

                                      -33-

<PAGE>
     C.   CONDITIONAL DEFENSE AND/OR INDEMNIFICATION

          In agreeing to defend and/or indemnify each other, Retailer and MBUSA
          may make their agreement conditional on the continued existence of the
          state of facts as then known to such party and may provide for the
          withdrawal of such defense and/or indemnification at such time as
          facts arise which, if known at the time of the original request for a
          defense and/or indemnification, would have caused either Retailer or
          MBUSA to refuse such request.

          The party withdrawing from its agreement to defend and/or indemnify
          shall give timely notice of its intent to withdraw. Such notice shall
          be in writing and shall be effective upon receipt. The withdrawing
          party shall be responsible for all costs and expenses of defense up to
          the date of receipt of its notice of withdrawal.

     D.   THE EFFECT OF SUBSEQUENT DEVELOPMENTS

          In the event that subsequent developments in a case make clear that
          the allegations which initially preclude a request or an acceptance of
          a request for a defense and/or indemnification are no longer at issue
          therein or are without foundation, any party having a right to a
          defense and/or indemnification hereunder may tender such request for a
          defense and indemnification to the other party. Neither Retailer nor
          MBUSA shall be required to agree to such subsequent request for a
          defense and/or indemnification where that party would be unduly
          prejudiced by such delay.

     E.   TIME TO RESPOND AND RESPONSIBILITIES OF THE PARTIES

          Retailer and MBUSA shall have sixty (60) days from the receipt of a
          request for a defense and/or indemnification to conduct an
          investigation to determine whether or not, or under what conditions,
          it may agree to defend and/or indemnify pursuant to this Section.

          If local rules require a response to the complaint in the lawsuit
          prior to the time provided hereunder for a response to such request,
          the requesting party shall take all steps necessary, including
          obtaining counsel, to protect its own interest in the lawsuit until
          Retailer or MBUSA assumes the requested defense and/or
          indemnification. In the event that Retailer or MBUSA agrees to assume
          the defense and/or indemnification of a lawsuit, it shall have the
          right to engage and direct counsel of its own choosing and, except in
          cases where the request is made pursuant to Section XIII.D above,
          shall have the obligation to reimburse the requesting party for all
          reasonable costs and expense, including actual attorneys' fees,
          incurred prior to such assumption.

                                      -34-
<PAGE>

XIV. NOTICE OF BREACH OR FAILURE TO ACT IN GOOD FAITH

     In the interest of maintaining a harmonious relationship between MBUSA and
     Retailer, if Retailer believes that MBUSA has breached this Agreement or
     has failed to act in good faith toward Retailer, Retailer shall report its
     belief and the bases therefor promptly, in writing, to the President or a
     Vice President of MBUSA. For the purposes of this Section XIV, the term
     "good faith" shall mean MBUSA and its representatives acting in a fair,
     honest, commercially reasonable, equitable, and impartial manner toward
     Retailer. It is the intention of the parties that the purpose of the
     requirement of such notification by Retailer is to afford MBUSA sufficient
     opportunity to consider the claim of Retailer and if, in the sole
     determination of MBUSA, such claim is found to be meritorious, to undertake
     such measures as may be necessary to correct the condition of which
     Retailer complains.

XV.  GENERAL PROVISIONS

     A.   NOTICES

          Except as otherwise specifically provided herein, any notice required
          to be given by either party to the other shall be in writing, shall be
          delivered personally or by mail to the party at its address as stated
          in this Agreement, and shall be effective upon receipt by hand
          delivery or upon mailing.

     B.   NO IMPLIED WAIVERS

          The failure of either party at any time to require performance by the
          other party of any provision herein shall in no way affect the right
          of such party to require such performance at any time thereafter. The
          waiver by any party of a breach of any provision herein shall not
          constitute a waiver of any succeeding breach of the same or any other
          provision or constitute a waiver of the provision itself.

     C.   SOLE AGREEMENT OF THE PARTIES

          This Agreement terminates and supersedes all prior agreements between
          the parties relating to the subject matters covered herein. There are
          no prior agreements or understandings, either oral or written, between
          the parties affecting this Agreement or relating to the sale or
          service of Mercedes-Benz Light Truck Products, except as otherwise
          specifically provided for or referred to in this Agreement. Retailer
          acknowledges that no representations or statements other than those
          expressly set forth therein were made by MBUSA or any officer,
          employee, agent, or representative thereof, or were relied upon by
          Retailer in entering into this Agreement.

                                      -35-

<PAGE>
     D.   RETAILER NOT AN AGENT OR REPRESENTATIVE

          Retailer is an independent business. This Agreement does not
          constitute Retailer the agent or legal representative of MBUSA or
          MBUSI for any purpose whatsoever. Retailer is not granted any express
          or implied right or authority to assume or create any obligation on
          behalf of or in the name of MBUSA or MBUSI or to bind MBUSA or MBUSI
          in any manner whatsoever. No fiduciary obligations are created by this
          Agreement.

     E.   ASSIGNMENT OF RIGHTS OR DELEGATION OF DUTIES

          This is a personal service agreement and may not be assigned or sold
          in whole or in part, directly or indirectly, voluntarily or by
          operation of law, without the prior written consent of MBUSA. Any
          attempted transfer, assignment or sale without MBUSA's prior written
          consent will be void and not binding upon MBUSA.

     F.   NO FRANCHISE FEE

          Retailer warrants that it has paid no fee, nor has it provided any
          goods or services in lieu of same, to MBUSA in consideration of
          entering into this Agreement. The sole consideration for MBUSA's
          entering into this Agreement is Owner's and Retailer Operator's
          ability, integrity, assurance of personal services, and expressed
          intention to deal fairly and equitably with MBUSA and the public.

     G.   BENEFIT

          This Agreement is entered into by and between MBUSA and Retailer for
          their sole and mutual benefit. Neither this Agreement nor any specific
          provision contained in it is intended or shall be construed to be for
          the benefit of any third party.

     H.   NEW JERSEY LAW

          This Agreement shall be deemed to have been entered into in the State
          of New Jersey, and all questions concerning the validity,
          interpretation, or performance of any of its terms, or of any
          contractual rights or obligations of the parties hereto, shall be
          governed by and resolved in accordance with the internal laws of the
          State of New Jersey, including, without limitation, its statutes of
          limitations.

                                      -36-
<PAGE>
XVI. DEFINITIONS

     As used in this Agreement, the parties agree that the following terms shall
     be defined exclusively as set forth below.

     A.   RETAILER: The natural person or entity that executes the Agreement and
          is authorized by MBUSA to sell and service Mercedes-Benz Light Truck
          Products as defined herein.

     B.   OWNER: The persons identified in Paragraph D and the Final Paragraph
          of this Agreement.

     C.   RETAILER OPERATOR: The person identified in Paragraph E and the Final
          Paragraph of this Agreement.

     D.   MERCEDES-BENZ CENTER FACILITIES: The buildings, improvements, fixtures
          and equipment situated at the Approved Location(s) and identified in
          Paragraph F and the Final Paragraph of this Agreement.

     E.   APPROVED LOCATION(S): The location(s) and any facilities thereon
          designated in Paragraph F and the Final Paragraph of this Agreement
          that MBUSA has approved for the Mercedes-Benz Center Operation(s)
          specified therein.

     F.   MERCEDES-BENZ CENTER OPERATIONS: All retailer functions contemplated
          by this Agreement including, without limitation, sale and servicing of
          Mercedes-Benz Light Truck Products, use and display of Mercedes-Benz
          Marks and Mercedes-Benz Light Truck Products, rental and leasing of
          Mercedes-Benz Light Trucks, body shop work, financing or insurance
          services and any other activities undertaken by Retailer in connection
          with Mercedes-Benz Light Truck Products whether conducted directly or
          indirectly by Retailer.

     G.   DCAG: DaimlerChrysler Aktiengesellschaft, a corporation of the Federal
          Republic of Germany and the owner of the Mercedes-Benz Marks, and any
          successor thereto.

     H.   MERCEDES-BENZ MARKS: The various Mercedes-Benz trademarks, service
          marks, names, logos and designs that Retailer is authorized to use in
          the sale and servicing of Mercedes-Benz Light Truck Products,
          including the "Three-Pointed Star."

     1.   MBUSI: Mercedes-Benz U.S. International, Inc., a Delaware corporation
          and the manufacturer of Mercedes-Benz Light Trucks.

     J.   MERCEDES-BENZ LIGHT TRUCKS: All new Mercedes-Benz light trucks that
          MBUSA is authorized to sell to Mercedes-Benz light truck retailers in
          the

                                      -37-
<PAGE>
          United States of America pursuant to a written distribution agreement
          between MBUSI and MBUSA, and that MBUSA, in its sole discretion, sells
          to Retailer for resale.

     K.   GENUINE MERCEDES-BENZ LIGHT TRUCK PARTS AND ACCESSORIES: All
          Mercedes-Benz light truck parts and accessories manufactured by or on
          behalf of MBUSA or MBUSI and such other parts and accessories
          specifically approved by MBUSI for use in servicing Mercedes-Benz
          Light Trucks that MBUSA sells to Retailer for resale.

     L.   MERCEDES-BENZ LIGHT TRUCK PRODUCTS: All Mercedes-Benz Light Trucks
          and Genuine Mercedes-Benz Light Truck Parts and Accessories that MBUSA
          sells to Retailer for resale.

     M.   COMPETITIVE VEHICLES: Those new vehicles that are considered by MBUSA
          to be directly competitive with Mercedes-Benz Light Trucks.

     N.   WARRANTY MANUAL: The Mercedes-Benz Warranty Policies and Procedures
          Manual.

     O.   MERCEDES-BENZ PASSENGER CAR RETAILER AGREEMENT: The Mercedes-Benz
          Passenger Car Retailer Agreement between MBUSA and Retailer.

XVII. ADDITIONAL PROVISIONS

     In consideration of MBUSA's agreement to appoint Retailer as a
     Mercedes-Benz light truck retailer, Retailer further agrees:

                                      -38-<PAGE>
                                                                    EXHIBIT 10.3

                                 [PORSCHE LOGO]

                        PORSCHE CARS NORTH AMERICA, INC.
                       DEALER SALES AND SERVICE AGREEMENT

         THIS AGREEMENT is made and entered into between Porsche Cars North
America, Inc. ("Porsche"), a Delaware corporation, and ___________ ("DEALER"),
a ________________________ corporation ___, limited liability company ___,
partnership ___, individual ___, doing business as __________________________.

                                  INTRODUCTION

         Porsche is the exclusive importer and distributor in the United States
of motor vehicles, parts and accessories, (hereinafter "PORSCHE PRODUCTS")
manufactured or sold by Dr. Ing h.c. F. Porsche Aktiengesellschaft ("PORSCHE
AG"), Federal Republic of Germany. The primary purpose of this Agreement is to
establish the arms length relationship between Porsche and DEALER and the terms
and conditions under which Porsche will sell PORSCHE PRODUCTS to DEALER. Based
upon the representations and promises of DEALER, set forth herein, Porsche
agrees to appoint DEALER as an authorized Porsche Dealer.

         This Agreement sets forth the rights and responsibilities of Porsche as
seller and DEALER as buyer of PORSCHE PRODUCTS. Porsche enters into this

<PAGE>

Agreement in reliance upon DEALER's integrity, ability, assurance of the
personal services of its officers and management, expressed intention to deal
fairly with the consuming public and with Porsche, representations made in
application materials submitted to Porsche, and promise to adhere to the terms
and conditions herein. Likewise, DEALER enters into this Agreement in reliance
upon Porsche's promise to adhere to the terms and conditions herein. Porsche and
DEALER shall refrain from conduct which may be detrimental to or adversely
reflect upon the reputation of PORSCHE AG, Porsche, DEALER or PORSCHE PRODUCTS
in general. The parties acknowledge that the success of the relationship between
Porsche and DEALER depends upon the mutual agreements of both Porsche and DEALER
to comply with their obligations in this Agreement.

                        SECTION I. APPOINTMENT OF DEALER

         Porsche hereby appoints DEALER as an Authorized Porsche dealer and
grants to DEALER the non-exclusive right to purchase PORSCHE PRODUCTS for resale
to consumers in accordance with, and subject to, the provisions of this
Agreement. DEALER hereby accepts such appointment and agrees to perform the
duties, obligations, and responsibilities of an Authorized Porsche dealer as
herein provided.

         DEALER acknowledges that its appointment as an Authorized Porsche
dealer does not grant it an exclusive right to sell PORSCHE PRODUCTS in any
specified geographic area or limit the rights of Porsche, subject to applicable
law, to appoint other authorized Porsche dealers at any locality of Porsche's
choice.

                                       2
<PAGE>

                         SECTION II. OWNERSHIP OF DEALER

         This Agreement requires the personal services of the owners and
management of DEALER, and has been entered into by Porsche in reliance upon, and
in consideration of, DEALER's representation that only the persons named herein
are the Owner(s) and General Manager of DEALER, that such persons will serve in
the capacities indicated, and that such persons are committed to achieving the
purposes, goals and commitments of this Agreement.

         DEALER represents that only the following persons have an actual or
beneficial ownership interest in DEALER and that their ownership interests are
as follows:

--------------------------------------------------------------------------------
         NAME              ADDRESS              TITLE        OWNERSHIP
                                                             INTEREST
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

                        SECTION III. MANAGEMENT OF DEALER

         DEALER has nominated ______________________________ to serve as on-site
General Manager of the dealership. Porsche and DEALER agree that the retention
of qualified management is of critical importance to satisfy the commitments
made by DEALER in this Agreement. DEALER agrees that its General Manager and no
other person, will exercise the function of General Manager, shall be involved
on a full-time basis in the dealership's day-

                                       3

<PAGE>

to-day operations and shall have full managerial authority to make all operating
decisions for DEALER. DEALER further agrees that the General Manager shall
devote his or her full efforts to DEALER's operations.

         Relying on the personal qualifications and automotive business
experience of __________________________ and the representations with respect
thereto, and further relying on the agreement of DEALER as set forth herein,
Porsche accepts DEALER's nomination of _____________________________________ as
General Manager.

                     SECTION IV. CHANGES IN DEALER OWNERSHIP
                                  OR MANAGEMENT

         As this is a personal services Agreement, DEALER agrees that no changes
in DEALER's owners or General Manager shall be made without Porsche's prior
written consent. DEALER shall give Porsche a minimum of ninety (90) day's prior
written notice of any proposed change in the ownership of DEALER and/or the
General Manager. Porsche shall have the right, subject to applicable law, to
withhold consent to any such proposed change should Porsche determine that any
successor owner or General Manager fails to possess the personal qualifications,
automotive business experience, and financial strength considered by Porsche to
be necessary to successfully fulfill DEALER's obligations under this Agreement.
DEALER agrees that until such time as it receives Porsche's written consent to
any proposed change in ownership or General Manager, DEALER will take no action
to complete the proposed change.

                                       4
<PAGE>

         If DEALER is a corporate entity, DEALER agrees to include and maintain
in its stock subscription agreements or other agreement with all its
stockholders, a provision restricting the ability of stockholders to transfer
stock without DEALER's prior written approval. DEALER agrees to provide a copy
of such agreement(s) to Porsche upon request.

         This is a personal service contract. Porsche has entered into this
Agreement because DEALER has represented to Porsche that the Owners and General
Manager of DEALER identified herein possess the personal qualifications, skill
and commitment necessary to ensure that DEALER will promote, sell and service
PORSCHE PRODUCTS in the most effective manner. Because Porsche has entered into
this Agreement in reliance upon these representations and DEALER's assurances of
the active involvement of such persons in DEALER operations, any
misrepresentations with respect to these matters is grounds to terminate this
Agreement pursuant to Section L of this Agreement, and any change in Ownership,
no matter what the share or relationship between parties, or any changes in
General Manager from the person specified herein, requires the prior written
consent of Porsche, which consent Porsche shall not unreasonably withhold.

         DEALER agrees that factors which would make Porsche's withholding of
consent reasonable include, without limitation, Porsche's determination that a
new Owner or General Manager did not have adequate or satisfactory financial
capability (if applicable) and experience and success in the automobile
dealership business.

                                       5
<PAGE>

                        SECTION V. DEALERSHIP FACILITIES
                              AND APPROVED LOCATION

      DEALER agrees to establish and maintain a dealership facility for the
sale of PORSCHE PRODUCTS consistent with Porsche's "Dealer Operating Standards,"
as amended from time to time.

         DEALER further agrees that it shall conduct its Porsche operations only
and exclusively in facilities and at locations herein designated and approved by
Porsche. Porsche hereby designates and approves the following dealership
facility as the exclusive location(s) for the sale and servicing of PORSCHE
PRODUCTS:

         PORSCHE NEW VEHICLE SALES                    PARTS AND SERVICE
         AND SHOW ROOM

         -------------------------                    --------------------------
         -------------------------                    --------------------------
         -------------------------                    --------------------------

         GENERAL OFFICE                               USED VEHICLE DISPLAY
                                                      AND SALES

         -------------------------                    --------------------------
         -------------------------                    --------------------------
         -------------------------                    --------------------------

While there is no limitation on the geographic area in which, or the persons to
whom DEALER may sell PORSCHE PRODUCTS, DEALER agrees not to conduct any
dealership operations, including the display, sale, and/or servicing of PORSCHE
PRODUCTS, at any location(s) other than at the Approved Location(s), without the
prior written consent of Porsche.

                                       6
<PAGE>

         Porsche will assign DEALER a geographic area called a Primary Area of
Responsibility ("PAR"). DEALER shall be responsible for aggressively and
effectively marketing and selling PORSCHE PRODUCTS and services in its PAR. The
PAR is used by Porsche to evaluate DEALER's performance of its obligations,
among other things. DEALER agrees that it has no exclusive right to any such
PAR. Subject to applicable law, Porsche may add new dealers, relocate dealers,
or adjust DEALER's PAR.

         Nothing contained in this Agreement shall limit or be construed to
limit the geographical area in which, or the persons to whom, DEALER may sell or
promote the sale of PORSCHE PRODUCTS.

         DEALER further agrees not to modify, or change the usage or function of
any Approved Location(s), or otherwise use such Approved Location(s) for any
functions other than the approved functions, without the prior written consent
of Porsche.

                          SECTION VI. TERM OF AGREEMENT

         This Agreement is effective as of _____________ , and shall continue
for a period of _____ years, and shall expire on ____________ unless ended
earlier by mutual agreement or terminated as provided herein. This Agreement
shall not be extended beyond its expiration date except by written consent of
Porsche. Porsche reserves the right, in its sole discretion, to grant unilateral
extensions of this Agreement so as to ensure compliance with any applicable
notice requirement set forth herein or as required by applicable statute.

                                       7
<PAGE>

                      SECTION VII. STANDARD PROVISIONS AND
                           DEALER OPERATING STANDARDS

         Porsche's "Dealer Sales and Service Agreement Standard Provisions" and
its "Dealer Operating Standards" are incorporated herein and made part of this
Agreement as if fully set forth herein.

         Porsche reserves the right, subject to applicable law, to amend the
"Dealer Sales and Service Agreement Standard Provisions" and/or the "Dealer
Operating Standards" and DEALER agrees that the "Dealer Sales and Service
Agreement Standard Provisions" and "Dealer Operating Standards," as amended,
shall be deemed incorporated into this Agreement. By executing this Agreement
DEALER acknowledges receipt of the "Dealer Sales and Service Agreement Standard
Provisions" and "Dealer Operating Standards" prior to the execution of this
Agreement.

                          SECTION VIII. APPLICABLE LAW

         Porsche and DEALER agree that this Agreement shall be governed by, and
construed according to the valid and enforceable laws of the state in which
DEALER's Approved Location(s) are located.

                       SECTION IX. EXECUTION OF AGREEMENT

         This Agreement and any Addendum hereto shall not become valid and
binding until signed by a duly authorized officer of Porsche and by a duly
authorized officer of DEALER if a corporation, one of the general partners of
DEALER if a partnership, the manager of DEALER if a limited liability company,
or DEALER if an individual. If DEALER is not an individual, DEALER will provide

                                       8
<PAGE>

reasonable evidence of the authority of the person signing on behalf of DEALER
upon request of Porsche.

                        SECTION X. ADDITIONAL PROVISIONS

         In consideration of Porsche's agreement to appoint DEALER as an
authorized Porsche dealer, DEALER further agrees:

                                       9

<PAGE>

                            SECTION XI. CERTIFICATION

        By their signatures hereto, Porsche and DEALER have executed this
Agreement as of the effective date set forth in Section VI and the parties agree
that they have read and understand this Agreement, including the Standard
Provisions incorporated herein, are committed to its purposes and objectives and
agree to abide by all of its terms and conditions.

PORSCHE CARS NORTH AMERICA, INC.       ______________________________________
                                       DEALER

NAME:____________________________      NAME:____________________________
TITLE:___________________________      TITLE:___________________________
SIGNATURE:_______________________      SIGNATURE:_______________________
DATE:____________________________      DATE:____________________________

                                       10
<PAGE>

                                                                    EXHIBIT ____

                        PORSCHE CARS NORTH AMERICA, INC.

                       DEALER SALES AND SERVICE AGREEMENT

                               STANDARD PROVISIONS

<PAGE>

                        PORSCHE CARS NORTH AMERICA, INC.
                       DEALER SALES AND SERVICE AGREEMENT
                               STANDARD PROVISIONS

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                          <C>
Table of Contents.............................................................i
SECTION A:  DEFINITIONS.......................................................1
   1.    Porsche Products.....................................................1
   2.    Porsche Vehicles.....................................................1
   3.    Genuine Porsche Parts and Accessories................................1
   4.    Dealership Facilities................................................1
   5.    Dealer Operating Standards...........................................2
   6.    Competitive vehicles.................................................2
SECTION B:  SALES OF PORSCHE PRODUCTS TO DEALER...............................2
   1.    Ordering of Porsche Products.........................................2
   2.    Availability and Allocation of PORSCHE PRODUCTS......................3
   3.    Pricing..............................................................4
   4.    Delivery of PORSCHE PRODUCTS.........................................4
   5.    Delays in PORSCHE PRODUCT Deliveries.................................5
   6.    Diversion Charges....................................................5
   7.    Risk of Loss and Damage Claims Against Carriers......................5
   8.    Title................................................................6
   9.    Taxes................................................................7
   10.   Changes in PORSCHE PRODUCTS..........................................7
   11.   Discontinuance of Manufacture or Sale of PORSCHE PRODUCTS............7
   12.   PORSCHE PRODUCT Modifications........................................8
SECTION C:  DEALER PROMOTION AND SALES........................................8
   1.    General Responsibilities of Dealer...................................8
   2.    Sales and Performance Evaluation.....................................9
SECTION D:  SERVICING PORSCHE PRODUCTS........................................9
   1.    General Responsibilities of Dealer...................................9
   2.    New Motor Vehicle Pre-Delivery Service..............................10
   3.    Warranty Repairs and Special Policy Adjustments.....................10
   4.    Campaign Inspections and Corrections................................11
   5.    Warranty Disclosures as to Non-Genuine Parts and Accessories .......11
   6.    Compliance with Safety and Emission Control Requirements............12
   7.    Inventories of Parts and Accessories................................13
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<S>                                                                          <C>
    8.   Equipment and Special Tools.........................................13
    9.   Compliance with Consumer Protection Statutes and Regulations........13
   10.   Evaluation of Dealer's Service and Parts Performance................14
SECTION E:  PORSCHE ASSISTANCE...............................................14
   1.    Training Programs...................................................14
   2.    Manuals and Materials...............................................14
   3.    Field Personnel.....................................................15
   4.    Advertising.........................................................15
SECTION F:  FACILITIES.......................................................15
   1.    Evaluation of Dealership Facilities.................................15
   2.    Signs...............................................................16
   3.    Hours of Operation..................................................16
   4.    Use of Porsche Trademarks...........................................17
SECTION G:  CAPITAL AND FLOORING.............................................18
   1.    Net Working Capital Standards.......................................18
   2.    Flooring............................................................19
   3.    Payment Terms and Settlement of Accounts............................19
SECTION H:  DEALER RECORDS AND REPORTS, RIGHT TO INSPECT.....................20
   1.    Accounting System...................................................20
   2.    Financial Statements................................................20
   3.    Sales Records and Reports...........................................21
   4.    Service Records.....................................................21
   5.    Inspection..........................................................22
   6.    Confidentiality.....................................................22
SECTION I:  WARRANTIES.......................................................23
SECTION J:  INDEMNIFICATION..................................................23
   1.    Indemnification by Porsche..........................................23
   2.    Indemnification by DEALER...........................................25
   3.    Conditions/Exceptions to Indemnification............................27
SECTION K:  SALE OF PRINCIPAL ASSETS OR MAJORITY OWNERSHIP
            INTEREST OF DEALER...............................................28
   1.    Sale of Principal Assets............................................28
   2.    Porsche's Right of First Refusal or Option to Purchase..............28
SECTION L:  TERMINATION......................................................32
   1.    Voluntary Termination by DEALER.....................................32
   2.    Termination due to Certain Acts or Events...........................33
   3.    Termination for Failure of Performance..............................36
   4.    Termination because of Death or Incapacity of Majority Owner........36
   5.    Notice of Termination...............................................37
   6.    Continuance of Business Relations...................................37
   7.    Repurchase Provisions...............................................38
      a.    Porsche's Obligations............................................38
      b.    DEALER's Obligations.............................................39
SECTION M:  SUCCESSOR RIGHTS UPON DEATH/INCAPACITY OF OWNER..................42
   1.    Successor Addendum..................................................42
   2.    Successor by Will or Operation of Law...............................43
</TABLE>

                                      -ii-
<PAGE>
<TABLE>
<S>                                                                          <C>
SECTION N:  GENERAL PROVISIONS...............................................44
   1.    Notices.............................................................44
   2.    No Implied Waivers..................................................44
   3.    Entire Agreement....................................................45
   4.    No Agency...........................................................46
   5.    Assignment..........................................................46
   6.    Severability........................................................47
   7.    No Franchise Fee....................................................47
   8.    Headings............................................................47
   9.    New and Superseding Dealer Agreements...............................47
   10.   Porsche Policies....................................................48
   11.   No Third Party Benefit..............................................48
   12.   No Fiduciary Relationship...........................................48
</TABLE>

                                     -iii-
<PAGE>

                        PORSCHE CARS NORTH AMERICA, INC.
                       DEALER SALES AND SERVICE AGREEMENT
                               STANDARD PROVISIONS

         The following Standard Provisions are made a part of, and are
incorporated by reference into, the Porsche Cars North America, Inc. ("Porsche")
Dealer Sales and Service Agreement ("Agreement"), and shall apply to, and govern
the transactions, dealings, and relations between Porsche and its dealers.

                             SECTION A: DEFINITIONS

         As used in the Agreement, the following words and terms shall have the
following meanings:

1.       PORSCHE PRODUCTS

         All Porsche vehicles and all Genuine Porsche Parts and Accessories.

2.       PORSCHE VEHICLES

         All motor vehicles manufactured or marketed by Dr. Ing. h.c. F. Porsche
AG (PORSCHE AG), sold to Porsche Cars North America, Inc. and identified in
Porsche's current price schedules.

3.       GENUINE PORSCHE PARTS AND ACCESSORIES

         All parts, accessories, and equipment for Porsche vehicles
manufactured, authorized and/or sold by PORSCHE AG and Porsche

4.       DEALERSHIP FACILITIES

         The buildings, improvements, fixtures, and equipment situated at the
Dealer's Approved Location(s).

                                      -1-

<PAGE>

5.       DEALER OPERATING STANDARDS

         Porsche's operating requirements for its dealers.

6.       COMPETITIVE VEHICLES

         New vehicles that are considered by Porsche to be directly competitive
with respective Porsche vehicles.

7.       APPROVED LOCATIONS

         The exclusive locations, as set forth in Section V of this Agreement,
where DEALER may conduct its operations.

8.       GENERAL MANAGER

         As set forth in Section III of this Agreement, the individual nominated
by DEALER and approved by Porsche to operated DEALER on a day to day basis.

9.       PORSCHE MARKS

         All Porsche trademarks, trade names, logos, service marks owned by
PORSCHE AG and used in connection with the sale of Porsche Products.

                 SECTION B: SALES OF PORSCHE PRODUCTS TO DEALER

1.       ORDERING OF PORSCHE PRODUCTS

         DEALER shall have the right to purchase PORSCHE PRODUCTS from Porsche
in accordance with Porsche's written distribution policies and procedures as the
same may be in effect from time to time. DEALER shall submit orders based on its
allocations in such quantity and variety as are necessary to fulfill DEALER's
obligations under this Agreement. All orders are subject to acceptance by
Porsche. Acceptance of any order may be by oral or

                                      -2-
<PAGE>

written notice to DEALER, or by shipment of the PORSCHE PRODUCTS ordered. Orders
may be cancelled by DEALER only in accordance with Porsche's distribution
policies and procedures as may be in effect from time to time.

2.       AVAILABILITY AND ALLOCATION OF PORSCHE PRODUCTS

         Porsche will endeavor to fill DEALER's orders accepted by Porsche for
PORSCHE PRODUCTS, in such quantities and types as Porsche deems reasonable
subject to available supply, Porsche's requirements, DEALER'S historical sales
performance and business needs, and any change or discontinuance with respect to
a PORSCHE PRODUCT. Nothing contained in this Agreement, however, shall obligate
Porsche to deliver to DEALER any particular number of PORSCHE PRODUCTS. DEALER
acknowledges that the availability of PORSCHE PRODUCTS may be limited from time
to time due to factors such as production capacity, varying consumer demand,
weather and transportation conditions, and government regulations. Porsche will
endeavor to distribute available PORSCHE PRODUCTS among its dealers in a fair
and equitable manner. Upon DEALER's written request, Porsche agrees to provide
DEALER with an explanation of the method used to allocate PORSCHE PRODUCTS.

                                      -3-
<PAGE>

3.       PRICING

         DEALER agrees to purchase PORSCHE PRODUCTS according to the prices,
charges, and terms established by Porsche and in effect at the date of shipment,
including destination charges.

         Porsche shall have the right to establish and revise prices and other
terms for the sale of PORSCHE PRODUCTS and services to DEALER. All revised
pricing and/or terms of sale shall apply to any PORSCHE PRODUCTS not shipped by
Porsche at the time the notice of such change is given to DEALER (in the case of
Porsche vehicles), or upon issuance of a new or modified parts list, or through
change notices, letters, bulletins, or revision sheets (in the case of Genuine
Porsche Parts and Accessories). In the event of any increase in the prices
established by Porsche for PORSCHE PRODUCTS, DEALER will have the right to
cancel all orders affected by the increase which are pending and unfilled at the
time DEALER obtains notice of the increase, provided Porsche is notified in
writing of such cancellation within five (5) days from the time DEALER obtains
such notice.

         Payment for all PORSCHE PRODUCTS and services shall be when billed,
unless other terms are established by Porsche in writing.

4.       DELIVERY OF PORSCHE PRODUCTS

         Porsche will endeavor to deliver PORSCHE PRODUCTS to DEALER as soon as
practicable after acceptance of DEALER's order. Porsche may deliver PORSCHE
PRODUCTS by any means or carrier to DEALER's Approved Location(s) or at the
nearest practicable unloading point to DEALER's approved

                                      -4-
<PAGE>

location. DEALER shall pay to Porsche such charges as Porsche in its sole
discretion establishes for processing, handling and transportation related
services.

5.       DELAYS IN PORSCHE PRODUCT DELIVERIES

         Porsche shall not be liable, in any respect, for failures or delays in
deliveries of PORSCHE PRODUCTS, where such failure or delay is due, in whole or
in part, to matters beyond Porsche's control including, but not limited to, acts
of God, strikes, lockouts, embargoes, transportation delays, any law, regulation
or action of any governmental entity, foreign or civil wars, riots, interruption
of navigation, or the delays or failure of PORSCHE AG or its suppliers to
deliver PORSCHE PRODUCTS.

6.       DIVERSION CHARGES

         If Porsche is required to divert any PORSCHE PRODUCTS ordered by DEALER
because of DEALER's failure or refusal to accept such PORSCHE PRODUCTS, DEALER
agrees to pay all charges incurred by Porsche as a result of such diversion
including, but not limited to, all charges incurred by Porsche in returning the
PORSCHE PRODUCTS to the point of original shipment or directing them to another
destination point, whichever is less, plus all reasonable charges for demurrage
or storage related to such diversion.

7.       RISK OF LOSS AND DAMAGE CLAIMS AGAINST CARRIERS

         Risk of loss or damage to any PORSCHE PRODUCT sold to DEALER shall pass
to DEALER upon delivery of the PORSCHE PRODUCTS to DEALER,

                                      -5-
<PAGE>

or its authorized agent, or to a common carrier for delivery to DEALER whichever
shall first occur.

         Upon delivery of any PORSCHE PRODUCTS to DEALER, DEALER shall conduct
an inspection and shall note any deficiency or damage in the PORSCHE PRODUCTS so
delivered. DEALER shall promptly notify Porsche of any deficiency or damage, and
shall, if so directed by Porsche, file claims against the transportation carrier
for damage. Porsche agrees, upon request by DEALER, to assist DEALER in recovery
against any transportation carrier for damage to PORSCHE PRODUCTS shipped
hereunder. Failure by DEALER to conduct an inspection of the PORSCHE PRODUCTS
upon delivery to DEALER, and/or to promptly notify Porsche of any deficiency or
damage shall constitute a waiver by DEALER of Porsche's obligations to process
any claim, and DEALER shall be solely responsible for asserting and processing
any such claim against the transportation carrier.

         To the extent required by Porsche's established policies and procedures
and applicable law, DEALER shall notify the purchaser of a vehicle of any
damages sustained by such vehicle prior to sale. DEALER shall indemnify and hold
Porsche harmless from any liability resulting from DEALER's failure to so notify
purchasers.

8.       TITLE

         Title to each PORSCHE PRODUCT shall pass from Porsche to DEALER, or the
financial institution designated by DEALER, upon delivery of PORSCHE

                                      -6-

<PAGE>

PRODUCTS to DEALER, DEALER's agent or to a carrier for transportation to DEALER,
whichever occurs first.

9.       TAXES

         DEALER shall be responsible for and agrees to pay all local, state,
federal, and other applicable taxes, of any kind, including, but not limited to,
sales taxes, use taxes, excise taxes and other municipal charges imposed, levied
or based upon the sale of PORSCHE PRODUCTS by DEALER and file tax returns
related to its operations. DEALER also agrees to hold Porsche harmless from any
claims or demands made by any taxing authority with respect thereto. DEALER
shall maintain accurate records with respect to applicable taxes.

10.      CHANGES IN PORSCHE PRODUCTS

         Porsche AG and/or Porsche reserve the right, at any time, to change the
design or specification of any PORSCHE PRODUCT, or the options in any PORSCHE
PRODUCT, without notice to DEALER and, unless required by law, without
obligation to make any similar change upon any PORSCHE PRODUCT previously
purchased by or shipped to DEALER. No change shall be considered a model year
change unless so specified by Porsche.

11.      DISCONTINUANCE OF MANUFACTURE OR SALE OF PORSCHE PRODUCTS

         Porsche reserves for itself and PORSCHE AG the right to discontinue the
manufacture, importation, distribution or sale of any PORSCHE PRODUCT without
notice to DEALER and without incurring any obligation or liability to DEALER,
either with respect to any PORSCHE PRODUCT previously ordered or purchased by
DEALER, or otherwise, except as provided by applicable law.

                                      -7-
<PAGE>

12.      PORSCHE PRODUCT MODIFICATIONS

         DEALER agrees that it will not install after-market accessories or make
any modification to Porsche vehicles that may impair or adversely affect a
vehicle's safety, emissions, structural integrity or performance. DEALER further
agrees that it will not alter, in any way, the name of any PORSCHE PRODUCTS it
sells or offers for sale.

                      SECTION C: DEALER PROMOTION AND SALES
                               OF PORSCHE PRODUCTS

1.       GENERAL RESPONSIBILITIES OF DEALER

         DEALER recognizes that customer satisfaction and the successful
promotion and sale of PORSCHE PRODUCTS are crucial to the mutual benefit of
DEALER and Porsche and are dependent upon DEALER's advertising and sale
promotion activities. DEALER shall actively, ethically and effectively promote
through DEALER's own advertising and sale promotion activities, the purchase of
PORSCHE PRODUCTS by customers. Therefore, DEALER agrees to use its best efforts
to actively promote, through its own advertising and sales promotion activities,
the purchase and use of PORSCHE PRODUCTS at retail in DEALER's Primary Area of
Responsibility ("PAR"). DEALER agrees to comply with Porsche's "Dealer Operating
Standards" and to maintain and display, at all times, a minimum of PORSCHE
PRODUCTS as may be established by Porsche from time to time.

                                      -8-
<PAGE>

2.       SALES AND PERFORMANCE EVALUATION

         Porsche will define a geographic area designated as a PAR within which
Porsche will evaluate DEALER's performance of its sales obligations hereunder.
DEALER's PAR may be modified by Porsche at any time, subject to applicable law.
Dealer acknowledges that Porsche's designation of a PAR does not confer upon
DEALER any exclusive right or interest in such geographic area. Subject to
applicable law, Porsche may add, relocate, or replace dealers in DEALER's PAR.

         Porsche will periodically evaluate DEALER's sales and marketing
performance based on such criteria as Porsche may establish including, by way of
example, consumer satisfaction and the relationship of sales and registrations
of Porsche vehicles to sales, and registrations of competitive vehicles within
DEALER's PAR. Porsche agrees to provide DEALER with periodic written performance
evaluations that set forth the evaluative criteria and DEALER's performance
relative thereto. DEALER agrees to take such action as may be required to
correct any deficiencies affecting DEALER's sales opportunities and performance.

                     SECTION D: SERVICING PORSCHE PRODUCTS

1.       GENERAL RESPONSIBILITIES OF DEALER

         DEALER and Porsche agree that the success and future growth of Porsche
and DEALER are substantially dependent upon the customers' ability to obtain
high-quality vehicle service. Therefore, DEALER agrees to establish and maintain
a quality service and parts organization and facility in compliance with
Porsche's "Dealer Operating Standards." DEALER further agrees to provide

                                      -9-
<PAGE>
service and parts to all Porsche vehicles whether or not under warranty, and
whether or not the Porsche vehicle to be serviced was purchased from DEALER.
DEALER further agrees to take all reasonable steps to ensure that service needs
of DEALER's customers are accurately diagnosed, that the customers are advised
of the specific service needs, that their consents are obtained prior to the
initiation of any repair, that the repairs are professionally performed, and
that the customers are treated courteously and fairly at all times.

2.       NEW MOTOR VEHICLE PRE-DELIVERY SERVICE

         DEALER shall perform pre-delivery inspections and service on each
Porsche vehicle in accordance with Porsche standards. The pre-delivery
inspections and service shall be verified by DEALER in a form or manner approved
by Porsche. DEALER shall retain a legible copy or record of each pre-delivery
inspection, and provide conformed copies to the purchaser and Porsche. Porsche
will pay DEALER for each pre-delivery inspection and service in accordance with
procedures and rates established from time to time by Porsche, which as amended,
are incorporated herein by reference.

3.       WARRANTY REPAIRS AND SPECIAL POLICY ADJUSTMENTS

         DEALER agrees to perform warranty repairs on each PORSCHE PRODUCT that
qualifies for such repairs under the provisions of any warranty furnished
therewith by Porsche or PORSCHE AG. DEALER further agrees to perform such other
inspections and/or repairs of PORSCHE PRODUCTS as may be approved by Porsche to
be made at Porsche's expense (hereinafter "Special Policy Adjustments"). In
performing warranty repairs and/or Special Policy

                                      -10-
<PAGE>

Adjustments on PORSCHE PRODUCTS for which Porsche has agreed to pay DEALER,
DEALER agrees to use Genuine Porsche Parts and Accessories actually sold by
Porsche to DEALER, unless otherwise approved by Porsche. Porsche shall
compensate DEALER for all warranty work and Special Policy Adjustments in
accordance with procedures and rates established from time to time by Porsche,
and in accordance with applicable law.

4.       CAMPAIGN INSPECTIONS AND CORRECTIONS

         DEALER agrees to perform such campaign inspections and/or corrections
for owners and users of PORSCHE PRODUCTS that qualify for such inspections
and/or corrections, regardless of where, or from whom, such products were
purchased. DEALER further agrees to comply with all procedures relating thereto
in accordance with applicable bulletins, manuals, directives, and technical data
issued from time to time by Porsche to DEALER. Porsche agrees to pay DEALER for
all replacement parts and/or other materials required and used in connection
with such work, and for labor in accordance with procedures and rates
established from time to time by Porsche, and in accordance with applicable law.

5.       WARRANTY DISCLOSURES AS TO NON-GENUINE PARTS AND ACCESSORIES

         In order to avoid confusion and to minimize potential customer
dissatisfaction, in any instance where DEALER sells, installs or uses other than
Genuine Porsche Parts or Accessories, DEALER shall disclose such fact to the
customer and shall advise the customer that these items are not included in
warranties furnished by Porsche.

                                      -11-
<PAGE>

6.       COMPLIANCE WITH SAFETY AND EMISSION CONTROL REQUIREMENTS

         DEALER agrees to comply and operate consistently with all applicable
provisions of the National Traffic and Motor Vehicle Safety Act of 1966, and the
Federal Clean Air Act, as amended, including applicable rules and regulations
issued from time to time thereunder, and all other applicable federal, state,
and local motor vehicle safety and emission control statutes, rules, and
regulations.

         In the event that the laws of the state in which DEALER is located
require motor vehicle dealers or distributors to install in new or used motor
vehicles, prior to their retail sale, any safety devices or other equipment not
installed or supplied as standard equipment by PORSCHE AG, then DEALER, prior to
the sale of any Porsche vehicle on which such installations are required, shall
properly install such devices or equipment on such Porsche vehicles. DEALER
shall comply with state and local laws pertaining to the installation and
reporting of such equipment. Porsche agrees to pay DEALER for all parts and/or
other materials required and used in connection with such work and for labor
according to the procedures and rates established from time to time by Porsche,
and in accordance with applicable law.

         In the interest of motor vehicle safety and emission control, Porsche
and DEALER agree to provide to each other such information and assistance as may
reasonably be requested by the other in connection with the performance of
obligations imposed on either party by the National Traffic and Motor Vehicle
Safety Act of 1966, and the Federal Clean Air Act, as amended, and their rules

                                      -12-
<PAGE>

and regulations, and all other applicable federal, state and local motor vehicle
safety and emissions control statutes, rules and regulations.

7.       INVENTORIES OF PARTS AND ACCESSORIES

         DEALER and Porsche recognize that the owners and users of Porsche
vehicles may reasonably expect that DEALER will have Genuine Porsche Parts and
Accessories immediately available for purchase or installation. DEALER,
therefore, agrees to carry in stock, at all times, an inventory of Genuine
Porsche Parts and Accessories, or Porsche Authorized Parts and Accessories,
sufficient to enable DEALER to fulfill customer demands, warranty repairs and
its service obligations under this Agreement.

8.       EQUIPMENT AND SPECIAL TOOLS

         DEALER agrees to acquire and properly maintain adequate service
equipment and such special and essential tools as are required to enable DEALER
to fulfill its service obligations under this Agreement.

9.       COMPLIANCE WITH CONSUMER PROTECTION STATUTES AND REGULATIONS

         Because certain customer complaints may impose liability upon Porsche
         under various repair or replace laws or other consumer protection laws
         and regulations, DEALER agrees to provide prompt notice to Porsche of
         such complaints and take such other steps as Porsche may reasonably
         require. DEALER will do nothing to affect adversely Porsche's rights
         under such laws and regulations.

                                      -13-

<PAGE>

10.      EVALUATION OF DEALER'S SERVICE AND PARTS PERFORMANCE

         Porsche will periodically evaluate DEALER's service and parts
performance based on criteria such as DEALER's service management and operating
procedures, consumer satisfaction, warranty administration, new vehicle
pre-delivery service, parts operation, DEALER's compliance with Porsche's
"Dealer Operating Standards," as amended from time to time, and this Agreement.
Porsche agrees to provide DEALER with periodic written service and parts
performance evaluations that set forth the evaluative criteria and DEALER's
performance relative thereto. DEALER agrees to take such action as may be
required to correct any deficiencies affecting DEALER's service and parts
performance.

                          SECTION E: PORSCHE ASSISTANCE

1.       TRAINING PROGRAMS

         Porsche agrees to provide sales, service, and parts training programs
to DEALER's personnel, at such times and locations as are reasonable. Consistent
with the subject matter of each program offered and/or sponsored by Porsche,
DEALER shall require the attendance of appropriate personnel. Unless otherwise
agreed, in writing, by Porsche, DEALER shall be solely responsible for all
compensation and travel costs due and/or incurred by DEALER personnel in
attending any such program.

2.       MANUALS AND MATERIALS

         Porsche agrees to provide DEALER copies of its current service and
parts manuals, bulletins, and technical data publications for use by DEALER's
service

                                      -14-
<PAGE>

and parts organizations as Porsche deems necessary for the needs of DEALER's
service and parts organization. DEALER shall keep such material current and
available for consultation by DEALER's personnel.

3.       FIELD PERSONNEL

         Porsche agrees to make available field service personnel who, from time
to time, will advise and counsel DEALER's personnel on sales, service, and
parts-related subjects, including changes in PORSCHE PRODUCTS, technical service
problems, inventory control, repair and replacement of PORSCHE PRODUCT
components, service and parts merchandising, customer relations, warranty
administration, and personnel training.

4.       ADVERTISING

         Porsche will establish and maintain general advertising programs to
promote the sale of PORSCHE PRODUCTS and will, from time to time, offer sales
promotion and campaign materials to DEALER. DEALER agrees to cooperate in
Porsche's advertising programs and to fully utilize the materials offered DEALER
by Porsche.

                             SECTION F: FACILITIES.

1.       EVALUATION OF DEALERSHIP FACILITIES

         In order for Porsche to establish an effective network of authorized
Porsche dealers, DEALER shall provide, and at all times maintain, attractive
dealership facilities at the Approved Location(s) that satisfy the image, size,
layout, interior design, color, equipment and identification and other factors
established by Porsche, and as set forth in Porsche's "Dealer Operating
Standards," as amended

                                      -15-
<PAGE>

from time to time. DEALER shall meet the minimum facility standards and policies
as set forth in Porsche's "Dealer Operating Standards."

         Porsche will periodically evaluate DEALER's facilities so as to ensure
compliance with Porsche's "Dealer Operating Standards," and DEALER'S obligations
under this Agreement. Porsche agrees to provide DEALER with periodic facility
evaluations that set forth the evaluative criteria and DEALER's compliance
relative thereto. DEALER agrees to take such action as may be required to bring
its facilities into compliance with Porsche's reasonable current requirements
for dealership operations.

2.       SIGNS

         Subject to applicable governmental regulations, DEALER agrees, at its
sole expense, to erect, display and maintain at the dealership's Approved
Location(s) signage specified by Porsche which conforms to Porsche's corporate
identification program

3.       HOURS OF OPERATION

         DEALER agrees to maintain its facilities open for business during such
hours and days as are customary and lawful for such operations in the community
or state in which DEALER is located and in accordance with industry standards.
DEALER acknowledges that all sales, service, and parts operations must be fully
staffed and operating for the dealership to be considered open at any particular
time.

                                      -16-
<PAGE>

4.       USE OF PORSCHE TRADEMARKS

         Porsche, or its affiliated companies, are the exclusive owners of the
various trademarks, service marks, trade names and designs that they use in
connection with the sale of PORSCHE PRODUCTS (hereinafter "Porsche Marks").
Porsche grants to DEALER the non-exclusive, non-transferable right to display
and use, at its Approved Location(s), the various Porsche Marks during the term
of this Agreement. No entity owned by, or affiliated with, DEALER or its owners
may use Porsche Marks without Porsche's prior written approval. The Porsche
Marks may not be used as part of DEALER'S name or trade name or as part of any
internet domain name used by DEALER without Porsche's prior written approval.
DEALER agrees to promptly change or discontinue the display and use of any
Porsche Marks if so requested by Porsche. DEALER also agrees to discontinue any
advertising or other use of the Porsche Marks that Porsche believes in its sole
discretion to be injurious to Porsche's business of reputation of the Porsche
Marks. DEALER agrees that it does not have the authority to grant permission to
any other person or entity to use any Porsche Marks.

         Upon termination or expiration of the Agreement, DEALER agrees to
immediately discontinue the use and display of all Porsche Marks, or any
semblance of same, including without limitation, the use of all stationery,
telephone directory listing, and other printed material referring in any way to
Porsche or bearing any Porsche Mark. DEALER further agrees to immediately remove
all signage bearing any Porsche Marks and to discontinue the use of any
telephone number(s) associated solely with the sale or servicing of PORSCHE

                                      -17-
<PAGE>
PRODUCTS. Should any Porsche Marks be part of DEALER's name or trade name,
DEALER agrees to discontinue the use of the Porsche Marks, or any semblance of
same, as part of its business or corporate name, and to file a change or
discontinuance of such name with the appropriate authorities. DEALER also agrees
to cease representing itself as an authorized Porsche Dealer and to refrain from
any action, including without limitation, and advertisement, statement or
implication that it is authorized to sell or distribute PORSCHE PRODUCTS.

         If Porsche commences litigation to enforce DEALER's compliance with
this Section F(4), the prevailing party in such litigation shall be entitled to
an award of any costs and expenses incurred, including reasonable attorneys'
fees.

                         SECTION G: CAPITAL AND FLOORING

1.       NET WORKING CAPITAL STANDARDS

         DEALER agrees to establish and maintain actual net working capital in
an amount not less than the minimum net working capital specified in the PORSCHE
DEALER MINIMUM NET WORKING CAPITAL AGREEMENT executed by DEALER and Porsche
concurrently with this Agreement. If, because of changed conditions or revisions
to Porsche's "Dealer Operating Standards," Porsche deems it necessary to modify
the minimum net working capital required of DEALER, DEALER agrees to enter into
a revised Minimum Net Working Capital Agreement and to meet the new minimum net
working capital requirement within a reasonable period of time as established by
Porsche.

                                      -18-
<PAGE>

2.       FLOORING

         DEALER recognizes that its ability to fulfill its obligations under
this Agreement is dependent upon its maintenance of flooring which is sufficient
to sustain its ongoing operations. DEALER agrees to obtain and maintain, at all
times during the term of this Agreement, a flooring arrangement with a financial
institution acceptable to Porsche in an amount sufficient to enable DEALER to
perform its sales and service obligations as required by this Agreement. Subject
to the foregoing obligations, DEALER is free to do its financing business,
wholesale, retail or both, with whomever it chooses and to the extent it
desires.

3.       PAYMENT TERMS AND SETTLEMENT OF ACCOUNTS

         All monies or accounts due DEALER from Porsche will be considered net
of DEALER's obligations to Porsche on DEALER's parts/open account. Porsche may
deduct or offset any amounts due or to become due from DEALER to Porsche, or any
amounts held by Porsche, from or against any sums or accounts due or to become
due from Porsche to DEALER. Payments by DEALER to Porsche shall be made by
electronic bank debit or in any other manner prescribed by Porsche and shall be
applied against DEALER's indebtedness in accordance with Porsche's policies and
practices. Porsche shall have the right to apply payments received from DEALER
to any amount owed to Porsche, in Porsche's sole discretion. All obligations
owed by DEALER to Porsche shall be due and payable when billed, unless other
terms are established by Porsche in writing.

         DEALER agrees that, as a condition for approval of a new Agreement or
transfer of ownership, DEALER must first make arrangements acceptable to

                                      -19-
<PAGE>

Porsche to satisfy any outstanding obligations to Porsche on DEALER's parts/open
account.

                     SECTION H: DEALER RECORDS AND REPORTS,
                                RIGHT TO INSPECT

1.       ACCOUNTING SYSTEM

         DEALER agrees to maintain current books of account and other financial
books and records in accordance with an accounting system and practices approved
by Porsche so as to enable Porsche to develop comparative operating data for its
dealer organization.

2.       FINANCIAL STATEMENTS

         On or before the tenth (10th) day of each calendar month, on such forms
as Porsche reasonably may require, DEALER agrees to deliver to Porsche in a
format prescribed by Porsche a complete and accurate financial and operating
statement reflecting DEALER's Porsche operations for the preceding month, and
DEALER's total Porsche operations from the beginning of the calendar year to the
end of the preceding month. DEALER further agrees to deliver to Porsche within
three and one-half (3 1/2) months after the end of the calendar year, a
financial and operating statement for such year which includes any year-end
adjustments and which show the true condition of DEALER's business. DEALER
agrees to deliver all such information to Porsche via Porsche's electronic
communications network, or in any other manner designated by Porsche. DEALER
further agrees to acquire or maintain, at its sole expense, Porsche specified
electronic data processing hardware and application programs

                                      -20-
<PAGE>

necessary to store and transmit financial and other business data to Porsche. In
the event Porsche so requires in writing, DEALER agrees to have such financial
and operating statement(s) reviewed by a certified public accountant.

3.       SALES RECORDS AND REPORTS

         DEALER agrees to furnish to Porsche, on such forms and in such manner
as Porsche may require, complete and accurate reports of DEALER's sales,
leasing, and inventories of PORSCHE PRODUCTS. DEALER agrees to report accurately
to Porsche at the end of each business day such information as Porsche may
require with respect to DEALER's sales and/or leasing of Porsche vehicles. If
DEALER becomes aware that any information submitted to Porsche is or has become
inaccurate, DEALER agrees to immediately take all steps necessary to advise
Porsche of, and to correct such inaccuracy. Regardless of any retention period
required by any governmental entity DEALER agrees to retain all such records for
a minimum of three (3) years.

4.       SERVICE RECORDS

         Regardless of any retention period required by any governmental entity
DEALER agrees to retain for a period of three (3) years all records in support
of applications for payment of pre-delivery inspection and service, warranty
repairs, Special Policy Adjustments, campaign inspections and corrections
performed by DEALER, claims for parts compensation, and applications for
discounts, allowances, refunds or credits.

                                      -21-
<PAGE>

5.       INSPECTION

         Porsche, through its representatives, employees, or other designees,
shall have the right, upon reasonable notice, and for any reason whatsoever, at
all reasonable times during regular business hours, to inspect DEALER's
facilities and to examine and make copies of all records and accounts of DEALER
relating to DEALER's sales, servicing, and repair of PORSCHE PRODUCTS. DEALER
agrees to cooperate fully with Porsche so as to facilitate any such inspection.
DEALER shall also provide access to Porsche to records kept by DEALER or on its
behalf at locations other than DEALER's facility. If requested by DEALER,
Porsche agrees to review the report with DEALER and to provide a copy of the
report of the examination or audit of DEALER.

6.       CONFIDENTIALITY

         Porsche agrees not to furnish to any third party financial statements
or other data designated by DEALER as confidential, excluding sales, leasing,
and servicing records or reports submitted by DEALER to Porsche, except as an
unidentified part of a composite or comparative coded report, unless disclosure
is authorized by DEALER, required by law, regulation, or judicial, arbitral or
administrative process, is pertinent to judicial, arbitral or administrative
proceedings, is required to effectuate the terms and conditions of this
Agreement, or required in connection with any dispute or proceeding between the
parties.

                                      -22-
<PAGE>

                              SECTION I: WARRANTIES

         DEALER acknowledges and agrees that the only warranties applicable to
each new PORSCHE PRODUCT sold by Porsche to DEALER shall be the written warranty
or warranties expressly furnished by Porsche, PORSCHE AG, or the manufacturer of
the PORSCHE PRODUCT. Except for the express limited liability under such written
warranties, Porsche and PORSCHE AG do not assume any other warranty obligations
or liability. DEALER is not authorized to assume any additional warranty
obligations on behalf of Porsche or PORSCHE AG. Any obligations or liabilities
assumed by DEALER shall be the sole responsibility of DEALER. DEALER agrees to
provide to the purchasers of PORSCHE PRODUCTS any owner's manual, warranty
booklet, and other owner information that Porsche may provide to DEALER for
delivery with such PORSCHE PRODUCTS. DEALER agrees to abide by and implement in
all other respects Porsche's warranty procedures as then in effect.

                           SECTION J: INDEMNIFICATION

1.       INDEMNIFICATION BY PORSCHE

         Conditioned upon and subject to the provisions set forth in this
section, Porsche agrees to assume the defense and to indemnify DEALER and hold
it harmless against any claims asserted against DEALER in any action involving
PORSCHE PRODUCTS and allegations of:

         a.       breach of a warranty provided by Porsche or PORSCHE AG
unrelated to, and not resulting from, DEALER's service and/or repair of the
PORSCHE PRODUCT at issue;

                                      -23-
<PAGE>

         b.       bodily injury or property damage caused solely by an alleged
defect in design, manufacture, or assembly of a PORSCHE PRODUCT, except for any
manufacturing defect in tires sold by Porsche to DEALER, provided that the
defect could not have been discovered by DEALER during the pre-delivery
inspection required by Section D (2) of this Agreement;

         c.       any misrepresentations or unfair or deceptive trade practices
of Porsche;

         d.       any substantial damage to a PORSCHE PRODUCT repaired by
Porsche or PORSCHE AG prior to the delivery to DEALER, its agent, or designated
carrier for transportation

         Porsche shall have no obligation to defend, indemnify, or hold DEALER
harmless if:

         a.       DEALER fails to provide Porsche with written notification
within thirty (30) days of the assertion of such claim or the commencement of
litigation against DEALER, or within thirty (30) days of discovery of facts
giving rise to indemnification, which ever is sooner, and to provide copies of
any pleadings which have been served, together with all information then
available, regarding the circumstances giving rise to the action or litigation;

         b.       the claim or litigation alleges DEALER misconduct, including
but not limited to, improper or unsatisfactory service or repair
misrepresentations, any claim of DEALER's unfair or deceptive trade practices,
or any claim of improper environmental or workplace practices or conditions;

         c.       the PORSCHE PRODUCT was altered by, or for, DEALER;

                                      -24-
<PAGE>

         d.       DEALER refuses to cooperate fully in the defense of such claim
or litigation in such manner and to such extent as Porsche reasonably requires.

         DEALER agrees to pay all attorney fees and costs incurred by it prior
to Porsche's assumption of DEALER's defense, and thereafter to the extent DEALER
engages attorneys in addition to those engaged by Porsche.

         DEALER further agrees that Porsche or PORSCHE AG may offset any
recovery on DEALER's behalf against any indemnification that may be required
hereunder.

2.       INDEMNIFICATION BY DEALER

         Conditioned upon and subject to the provisions set forth in this
section, DEALER agrees to assume the defense and indemnify Porsche and PORSCHE
AG and hold them harmless against any claims asserted against either or both, in
any action concerning or alleging:

         a.       DEALER's failure to comply, in whole or in part, with any
obligation of DEALER under this Agreement;

         b.       DEALER's negligence in connection with the repair or servicing
of any PORSCHE PRODUCT or any product sold, serviced, and/or repaired by DEALER;

         c.       DEALER's modification to, or alteration of, a PORSCHE PRODUCT,
except those made pursuant to the express written instructions or approval of
Porsche;

         d.       DEALER's breach of a contract or agreement with DEALER's
customer or third-party;

                                      -25-
<PAGE>

         e.       DEALER's misleading statements, misrepresentations, or
deceptive or unfair practices;

         f.       DEALER's hiring, retention, or termination of any employee,
agent, officer, or owner.

         DEALER shall have no obligation to defend, indemnify, or hold Porsche
or PORSCHE AG harmless if:

         a.       Porsche and/or PORSCHE AG fail to provide DEALER with
notification within thirty (30) days of the assertion of such claim, or the
commencement of such litigation, against Porsche and/or PORSCHE AG, or within
thirty (30) days of discovery of facts giving rise to indemnification, whichever
is sooner, and to provide copies of any pleadings which have been served
together with all information then available regarding the circumstances giving
rise to the action or lawsuit;

         b.       Porsche and/or PORSCHE AG refuse to cooperate fully in the
defense of such claim or litigation, in such manner and to such extent, as
DEALER reasonably requires;

         c.       the claim or litigation involves allegations of liability
premised upon separate Porsche and/or PORSCHE AG conduct or omissions.

         Porsche agrees to pay all attorney fees and costs incurred prior to
DEALER's assumption of defense, and thereafter, to the extent Porsche and/or
PORSCHE AG engage attorneys in addition to those engaged by DEALER.

                                      -26-
<PAGE>

3.       CONDITIONS/EXCEPTIONS TO INDEMNIFICATION

         Whenever an action or complaint alleges liability on the part of
Porsche and/or PORSCHE AG and DEALER which would require each to defend and
indemnify the other pursuant to the terms of this Section, each party shall be
responsible for its own defense, including costs and attorneys' fees. The
responsibility of Porsche and/or PORSCHE AG and DEALER pursuant to this
subsection (3), shall in no way affect, or alter, the legal rights, if any, one
of the parties may have to indemnification or contribution from the other.

         Upon receipt of written notification of a claim or lawsuit and a
request for a defense and/or indemnification, a party shall have thirty (30)
days to conduct an investigation to determine whether or not, or under what
conditions, it will agree to defend and/or indemnify. During the thirty (30)-day
investigation period, the requesting party shall have a continuing duty to avoid
undue prejudice to the other party, to mitigate damage, and to protect its own
interests.

         The party accepting the request for defense and/or indemnification
shall have right to engage counsel of its choosing. A party may make its defense
and/or indemnification conditioned on the continued existence of the state of
facts as then known to such party, and may provide for the withdrawal of such
defense and/or indemnification at such time as facts arise which, if known at
the time of the original request, would have caused the party to refuse such a
request.

         If subsequent developments and/or amendments to the initial allegations
affect a party's rights under this Section, the party so affected may retender
or

                                      -27-
<PAGE>

withdraw from the agreement to defend and/or indemnify, as appropriate. A party
withdrawing from its agreement to defend and/or indemnify shall give timely
written notice which shall be effectual upon receipt. The withdrawing party
shall be responsible for all costs and expenses of defense, up to the date of
the other party's receipt of the notice of withdrawal.

         The defense, indemnification, and hold harmless obligations of this
Agreement shall survive the termination of this Agreement.

            SECTION K: SALE OF PRINCIPAL ASSETS OR MAJORITY OWNERSHIP
                               INTEREST OF DEALER

1.       SALE OF PRINCIPAL ASSETS

         DEALER agrees to obtain Porsche's prior written approval of any
proposed disposition of DEALER's principal assets. DEALER shall give Porsche a
minimum of ninety (90) days' prior written notice of any proposed disposition or
sale. Porsche shall have the right, subject to applicable law, to withhold its
consent should Porsche determine that any such proposed disposition or sale of
DEALER's principal assets would preclude DEALER from successfully fulfilling its
obligations under this Agreement.

2.       PORSCHE'S RIGHT OF FIRST REFUSAL OR OPTION TO PURCHASE

         Subject to applicable law, Porsche shall have the first right of
refusal or option to purchase the dealership assets, stock or ownership
interests if DEALER proposes to sell DEALER's principal assets, or the owners of
DEALER propose to sell a majority ownership interest in DEALER, or in the event
of the death or incapacity of the majority owner of DEALER. Porsche shall not
have such a right

                                      -28-
<PAGE>

of first refusal or option to purchase in the event of (i) a buy/sell where the
proposed buyer is an immediate family member of DEALER and who qualifies under
Porsche's standards for ownership of DEALER; (ii) a buy/sell to an individual
for whom there is a current Successor Addendum in effect pursuant to Section M
below; (iii) the death or incapacity of the majority owner where the successor
or heir qualifies under Porsche's standards for ownership; or (iv) the death or
incapacity of the majority owner whether there is a current Successor Addendum
in effect for the heir. Porsche's right of first refusal or option to purchase
shall include the right of first refusal or option to acquire any leasehold
interest or real property used in DEALER's business where such interest or
property is being transferred by DEALER, Owner or any entity controlled by
DEALER or Owner (an "Affiliate") in connection with the sale of the dealership
assets or stock.

         Porsche's exercise of its right or option under this Section supersedes
any right or attempt by DEALER to transfer its interest in, or ownership of, the
dealership. Porsche's right or option may be assigned by it to any third party
and Porsche hereby guarantees the full payment to DEALER of the purchase price
by such assignee. Porsche's guarantee shall not extend to the assignee's
obligations under any lease, consulting or other agreement which, by its terms,
extends beyond the closing of the purchase and sale of the dealership assets or
stock. Porsche may disclose the terms of any pending buy/sell agreement and any
other relevant dealership performance information to any potential assignee.
Porsche's

                                      -29-
<PAGE>

rights under this Section will be binding on and enforceable against any
successor in interest of DEALER or purchaser of DEALER's assets or stock.

         Porsche shall have forty-five (45) days, unless a lesser time is
required by applicable state law, from the following events within which to
exercise its right of first refusal or option: (1) Porsche's receipt of all data
and documentation customarily required by it to evaluate a proposed transfer of
ownership, including all documents relating to the proposed transaction; or (2)
Porsche's receipt of written notice from DEALER of the death of the majority
owner of DEALER; or (3) Porsche's disapproval of any application submitted by an
Owner's heir pursuant to Section M(2) below.

         If DEALER has entered into a bona fide written buy/sell agreement for
its dealership business or assets, Porsche's right under this Section is a right
of first refusal, enabling Porsche to assume the buyer's rights and obligations
under such buy/sell agreement, and to cancel this Agreement and all rights
granted DEALER. Upon Porsche's request, DEALER agrees to provide other documents
relating to the proposed disposition or sale and any other information which
Porsche deems appropriate including, but not limited to, those documents
reflecting other agreements or understandings between the parties to the
buy/sell agreement. Refusal to provide such documentation, or to state that no
such documents exist, shall create the presumption that the buy/sell agreement
is not a bona fide agreement.

         If any of the proposed consideration for the proposed sale or transfer
consists of anything other than cash, a cash equivalent or a promissory note,

                                      -30-
<PAGE>

Porsche, as the holder of the right of first refusal, shall have the right to
pay, in lieu of such form of consideration, cash in an amount equal to the fair
market value of such consideration. The promissory note of Porsche or any third
party if guaranteed by Porsche shall be deemed the equivalent of any third party
promissory note included in the proposed consideration.

         Porsche's exercise of its right of first refusal under this Section
shall neither be dependent upon nor require its prior consideration of or
refusal to approve the proposed buyer or transferee. However, where Porsche
exercises its right of first refusal pursuant to this Section, it shall be
obligated to reimburse the reasonable fees and expenses to the proposed buyer or
transferee with whom the DEALER had entered into a bona fide buy/sell.

         In the event of the death or incapacity of a majority owner (subject to
the limitations set forth in Section K(2) above and in Section M below), or if
DEALER submits a proposal which Porsche determines is not bona fide or in good
faith, Porsche has the option to purchase the principal assets of DEALER
utilizing the dealership business, including real estate and leasehold interest,
and to cancel this Agreement and the rights granted DEALER. The purchase price
of the dealership assets will be determined by good faith negotiations between
the parties. If an agreement cannot be reached, the purchase price will be
exclusively determined by binding arbitration in accordance with the commercial
arbitration rules of the American Arbitration Association. The site of the
arbitration shall be the office of the American Arbitration Association in the
locality nearest DEALER's Approved Location.

                                      -31-

<PAGE>

         Upon Porsche's exercise of its right or option and tender of
performance under the buy/sell agreement, or upon whatever terms may be
expressed in the buy/sell agreement, DEALER shall forthwith transfer the
affected real property by warranty deed conveying marketable title, free and
clear of all liens, claims, mortgages, encumbrances, tenancies and occupancies.
The warranty deed shall be in proper form for recording, and DEALER shall
deliver complete possession of the property and deed at the time of closing.
DEALER shall also furnish to Porsche all copies of any easements, licenses or
other documents affecting the property or dealership operations and shall assign
any permits or licenses that are necessary or desirable for the use of, or
appurtenant to, the property or the conduct of such dealer operations. DEALER
also agrees to execute and deliver to Porsche instruments satisfactory to
Porsche conveying title to all personal property, including leasehold interests,
involved in the transfer or sale to Porsche. If any personal property is subject
to any lien or change of any kind, DEALER agrees to procure the discharge and
satisfaction thereof prior to the closing of sale of such property to Porsche.

                             SECTION L: TERMINATION

1.       VOLUNTARY TERMINATION BY DEALER

         DEALER may voluntarily terminate this Agreement at any time by giving
written notice to Porsche. Unless otherwise agreed to in writing by Porsche and
DEALER, the voluntary termination shall be effective thirty (30) days after
Porsche's receipt thereof.

                                      -32-
<PAGE>

2.       TERMINATION DUE TO CERTAIN ACTS OR EVENTS

         Porsche and DEALER agree that the following acts and events, which are
in the control of DEALER, or originate from actions taken by DEALER or its
owners and/or General Manager, are so contrary to the spirit and purpose of this
Agreement as to warrant its termination. Accordingly, DEALER agrees that if it
engages in any of the following types of conduct, Porsche shall have the right
to terminate this Agreement:

         a.       failure of DEALER to conduct sales and service operations
during customary business hours for seven (7) consecutive business days, except
for acts of God, or circumstances beyond the direct control of DEALER, such as
fires, floods, earthquakes or other acts of God;

         b.       insolvency of DEALER or the voluntary filing by DEALER of a
petition in bankruptcy, or the filing of a petition to have DEALER declared
bankrupt, providing the petition is not vacated within thirty (30) days of the
appointment of a receiver or trustee for DEALER or DEALER's business who is not
removed within thirty (30) days, or any levy under attachment, execution or
similar process, or the execution of an assignment for the benefit of creditors,
or any process of law by which a third party acquires rights to the ownership or
operation of DEALER;

         c.       conviction in any court of competent jurisdiction of DEALER,
or an owner of DEALER, of any crime which is punishable by imprisonment, or if
DEALER or any owner of DEALER pleads guilty or no contest to any felony; or the
finding by any government agency or court that DEALER has committed

                                      -33-
<PAGE>

unfair business practices which, in the reasonable opinion of Porsche, would
materially compromise DEALER's reputation with the public;

         d.       suspension or revocation of a license that DEALER is required
to have to operate the dealership where the suspension or revocation is for a
period in excess of thirty (30) days;

         e.       any misrepresentation to Porsche by DEALER, or any DEALER
owner or General Manager, in applying for this Agreement or for approval as
owner or General Manger of DEALER;

         f.       submission by DEALER to Porsche of false reports, statements,
or claims for reimbursement, sales incentives, refunds, rebates or credits;
submission of false financial information or false sales reporting data; or the
making or submission by DEALER of a false report or statement relating to
pre-delivery preparation, testing, warranties, servicing, repairing, or
maintenance required by Porsche;

         g.       any change, whether voluntary or involuntary, in the General
Manager or ownership of DEALER, without the prior written approval of Porsche;

         h.       any attempted or actual sale, transfer or assignment by DEALER
of this Agreement, or any of the rights granted it under this Agreement, or any
attempted or actual transfer or assignment or delegation by DEALER, of any of
the responsibility assumed by it under this Agreement without the prior written
approval of Porsche;

         i.       the conduct, directly or indirectly, of any dealership
operation at any

                                      -34-
<PAGE>

location other than those specifically approved herein for such operation
without the prior written approval of Porsche;

         j.       any sale or transfer, by operation of law or otherwise, or any
relinquishment or discontinuance of use by DEALER, of any of DEALER's Dealership
Facilities and/or principal assets without the prior written approval of
Porsche;
         k.       failure of DEALER to pay Porsche for any PORSCHE PRODUCT in
accordance with the terms and conditions of sale;

         l.       failure of DEALER to establish or maintain, during the
existence of this Agreement, required net working capital or adequate flooring,
and lines of credit;

         m.       any dispute, disagreement, or controversy between, or among,
partners, managers, officers or stockholders of DEALER which, in the reasonable
opinion of Porsche, adversely affects the ownership, operation, management,
business, reputation or interests of DEALER or Porsche;

         n.       failure of DEALER to comply with any laws or regulations
relating to the sale, service, or repair of motor vehicles;

         o.       failure of DEALER to furnish sales or financial information
in a timely manner, or to permit Porsche to examine or audit DEALER's accounts
and records;

         p.       failure of DEALER to maintain a minimum inventory of PORSCHE
PRODUCTS as specified by Porsche.

         q.       material impairment of the reputation or financial standing

                                      -35-
<PAGE>

DEALER, owner of DEALER or parent company of DEALER subsequent to the execution
of this Agreement;

         r.       breach or violation by DEALER of any other term or provision
of this Agreement.

         Upon the occurrence of any of the foregoing acts or events Porsche may
terminate this Agreement by giving DEALER notice thereof, such termination to be
effective upon the date specified in such notice, or such later date as may be
required by any applicable statute.

3.       TERMINATION FOR FAILURE OF PERFORMANCE

         If Porsche determines that DEALER has failed to perform its sales,
service, parts or customer satisfaction responsibilities under this Agreement or
to provide adequate Dealership Facilities, Porsche shall notify DEALER in
writing of such failure(s), and shall provide DEALER with specific goals or
performance standards with which DEALER must comply. If DEALER fails to comply
with the goals or performance standards over a period of not less than one
hundred eighty (180) days, or such other period as may be required by applicable
statute, or otherwise refuses to correct such failure(s), Porsche may terminate
this Agreement by giving DEALER notice thereof, such termination to be effective
upon the date specified in such notice, or such later date as may be required by
any applicable statute.

4.       TERMINATION BECAUSE OF DEATH OR INCAPACITY OF MAJORITY OWNER

         Subject to applicable law and other provisions of this Agreement,
Porsche may terminate this Agreement upon the death or incapacity of DEALER

                                      -36-
<PAGE>

hereunder if an individual, or DEALER's majority owner if a partnership, limited
liability company, or corporation, upon written notice to DEALER and such
owner's legal representative.

         Porsche shall provide such notice of termination within a reasonable
time after notice to Porsche of the DEALER/majority owner's death or incapacity,
such termination to be effective upon the date specified, or such later date as
may be required by applicable statute.

5.       NOTICE OF TERMINATION

         Any notice of termination under this Agreement shall be in writing and
shall be mailed to DEALER at its Approved Location by certified mail, return
receipt requested, overnight delivery service, or shall be delivered in person
to the dealership. Such notice shall be effective upon the date of receipt.

         Porsche shall state all known grounds on which it relies in its
termination of DEALER, but shall have the right to amend such notice as
appropriate. Porsche's failure to refer to any additional grounds for
termination shall not constitute a waiver of its right later to rely upon such
grounds. Notwithstanding the foregoing, Porsche specifically reserves the right
to amend any notice of termination to assert additional grounds which are later
made known to Porsche through further investigation or otherwise.

6.       CONTINUANCE OF BUSINESS RELATIONS

         Upon receipt of any notice of termination or non-renewal, DEALER agrees
to conduct itself and its operation until the effective date of termination or
non-renewal

                                      -37-
<PAGE>

in a manner that will not injure the reputation or goodwill of the PORSCHE MARKS
or Porsche.

         If, after the effective date of termination or non-renewal, Porsche
agrees to accept orders from DEALER to fill customers' orders received prior to
such date by DEALER, or if Porsche otherwise transacts business with DEALER
relating to the sale, service, or repair of PORSCHE PRODUCTS, all such
transactions shall be governed by the terms of the Agreement so far as those
terms are applicable. No such acceptance of orders or other acts by Porsche
shall waive termination or constitute a renewal of this Agreement.

7.       REPURCHASE PROVISIONS

         A.       PORSCHE'S OBLIGATIONS

         Upon the termination or non-renewal of this Agreement, Porsche shall
have the right to cancel any and all shipments of PORSCHE PRODUCTS scheduled for
delivery to DEALER, and Porsche shall repurchase from DEALER the following:

         1.       New, unused, never titled, undamaged, unmodified, current
                  model year Porsche vehicles with fewer than 100 miles, then
                  unsold in DEALER's inventory. The price for such vehicles
                  shall be the invoice price previously paid by DEALER therefor,
                  less all refunds or other allowances paid or credited to
                  DEALER by Porsche;

         2.       New, unused and undamaged Genuine Porsche Parts and
                  Accessories contained in original packaging, and in unbroken
                  lots which are listed in Porsche's current parts catalog then
                  unsold in

                                      -38-
<PAGE>

                  DEALER's inventory and which are in good and saleable
                  condition. The prices for such Genuine Porsche Parts and
                  Accessories shall be the current prices listed in Porsche's
                  current parts catalog;

         3.       all required Porsche tools and equipment designed specifically
                  for service on PORSCHE PRODUCTS owned by DEALER and purchased
                  from Porsche or a recommended vendor, provided any sets of
                  such tools are complete and no parts or components are missing
                  or otherwise unusable. The price at which Porsche will
                  purchase such tools and equipment shall be determined by
                  Porsche, but in no event will such prices be less than
                  DEALER's purchase price for such tools and equipment reduced
                  by straight-line depreciation on the basis of a three (3)-year
                  useful life;

         4.       undamaged signs in good and usable condition which Porsche
                  recommended or required DEALER to purchase and which are owned
                  by DEALER. The price for such signs shall be the price(s) paid
                  by DEALER reduced by straight-line depreciation on the basis
                  of a three (3)-year useful life;

         B.       DEALER'S OBLIGATIONS

         Porsche's obligations, as set forth in this Section, are contingent
upon DEALER fulfilling the following obligations:

         1.       within fifteen (15) days of the effective date of termination
                  or non-renewal, DEALER shall furnish to Porsche a list of
                  vehicle identification numbers and such other information and
                  documents

                                      -39-
<PAGE>

                  as Porsche may require pertaining to the Porsche vehicles
                  subject to the repurchase provisions herein. DEALER shall
                  deliver all such Porsche vehicles in accordance with Porsche's
                  instructions;

         2.       within thirty (30) days of the effective date of termination
                  or non-renewal, DEALER shall deliver or mail to Porsche a
                  detailed inventory of the Genuine Porsche Parts and
                  Accessories, special tools and equipment which DEALER has
                  determined to be eligible for repurchase. Within thirty (30)
                  days of its receipt of such inventory, Porsche will provide
                  DEALER with a list of the items it has determined are eligible
                  to be repurchased and instructions as to the procedures to
                  follow in returning such items to Porsche. DEALER shall, at
                  its expense, deliver all such items to such location as
                  designated by Porsche;

         3.       DEALER shall execute and deliver to Porsche instruments
                  satisfactory to Porsche conveying good and marketable title to
                  all repurchased items. DEALER agrees to comply with the
                  requirements of any applicable law relating to bulk sales and
                  transfers and to satisfy and discharge any liens or
                  encumbrances on all such items prior to delivery to Porsche;

         4.       DEALER will remove, at its own expense, all signage bearing
                  Porsche Marks which it owns from DEALER's Approved Location(s)
                  before it is eligible for payment for any repurchased items
                  pursuant to this Section.

                                      -40-
<PAGE>

         5.       Porsche will pay DEALER for qualifying repurchased items as
                  soon as practicable, upon DEALER's compliance with its
                  obligations set forth herein and upon Porsche's computation of
                  any outstanding indebtedness of DEALER to Porsche. Porsche
                  shall be entitled to offset against any such amounts due to
                  DEALER hereunder any and all indebtedness or other obligations
                  of DEALER to Porsche.

         6.       If DEALER disagrees with Porsche's valuation of any item
                  herein, and DEALER and Porsche have not resolved their
                  disagreement within sixty (60) days of the effective date of
                  termination or expiration of this Agreement, Porsche shall pay
                  to DEALER the amount to which it reasonably believes DEALER is
                  entitled. DEALER's exclusive remedy to recover any additional
                  sums that it believes is due under this Section shall be by
                  resort to any existing Alternative Dispute Resolution program
                  established by Porsche that is binding on Porsche. If no
                  Alternative Dispute Resolution program is then existing,
                  DEALER's exclusive remedy shall be by resort to arbitration in
                  accordance with the commercial arbitration rules of the
                  American Arbitration Association (AAA). The site of the
                  arbitration shall be the office of the AAA in the locality
                  nearest DEALER's Approved Location.

                                      -41-
<PAGE>

                    SECTION M: SUCCESSOR RIGHTS UPON DEATH OR
                               INCAPACITY OF OWNER

1.       SUCCESSOR ADDENDUM

         Porsche will not terminate the Agreement upon the death or incapacity
of DEALER if an individual, or the majority owner of DEALER if a partnership, or
limited liability company, or corporation (hereinafter "OWNER"), provided that
prior to OWNER's death or incapacity:

         a.       OWNER executes and delivers to Porsche a written nomination of
a candidate to succeed to the ownership interest of OWNER;

         b.       the proposed candidate submits a dealer application and
provides all evaluative information and documentation requested by Porsche;

         c.       each of DEALER's other owners, if any, executes and delivers
to Porsche a consent to the nomination;

         d.       the proposed candidate is approved by Porsche and a Successor
Addendum is executed and operative at the time of OWNER's death or incapacity.

         OWNER may, at any time, withdraw a nomination of a proposed candidate
or cancel an executed Successor Addendum by giving written notice to Porsche.
Porsche may cancel an executed Successor Addendum upon written notice to OWNER
should Porsche determine that the successor no longer complies with Porsche's
then current criteria used in qualifying dealer owners and General Managers, if
appropriate.

                                      -42-
<PAGE>

2.       SUCCESSOR BY WILL OR OPERATION OF LAW

         If the deceased OWNER has not nominated a successor in accordance with
this Section, and all of the beneficial interest of the deceased OWNER has
passed by Will or by the laws of the intestate succession directly to the
deceased OWNER's spouse and/or children (hereinafter "Heirs"), Porsche will not
terminate the Agreement provided:

         a.       OWNER's legal representative provides written notification to
Porsche within sixty (60) days of the death of OWNER of such Heir or Heirs'
intent to succeed OWNER and a designation of a proposed General Manager;

         b.       the Heir, Heirs, and General Manager designated if not an
Heir, submit appropriate applications to Porsche and provide all personal and
financial information required by Porsche in connection with its review of the
application(s);

         c. the Heir, Heirs, and General Manager designated if not an Heir, have
the qualifications, automotive business experience, and ability considered by
Porsche to be necessary to successfully operate the dealership and perform
DEALER's obligations under this Agreement.

         If Porsche does not approve the Heir, Heir(s), or the designated
candidate for General Manager, or if the OWNER's legal representative withdraws
the notice of the Heir(s') intent to succeed as OWNER, or if the Heir(s) or
designated candidate for General Manager fail to timely provide the information
and documentation required by Porsche, Porsche will issue a notice of
termination pursuant to Section L(4).

                                  -43-
<PAGE>

                          SECTION N: GENERAL PROVISIONS

1.       NOTICES

         Except as otherwise specifically provided herein, any notice required
to be given by either party to the other, pursuant to the provisions of this
Agreement, shall be in writing and delivered personally or by mail to Porsche at
its national headquarters, and to DEALER at the address stated in this
Agreement, or at such other address as the party to be addressed may have
previously designated by written notice to the other party. Unless otherwise
specified in the Agreement, such notices shall be effective upon receipt.

2.       NO IMPLIED WAIVERS

         The failure of either party, at any time, to require performance by the
other party of any provision herein shall, in no way, affect the right of such
party to require such performance at any time thereafter, nor shall any waiver
by any party of a breach of any provision herein constitute a waiver of any
succeeding breach of the same or any other provision, nor constitute a waiver of
the provision itself.

         Any continuation of business relations between the parties following
expiration of this Agreement shall not be deemed a waiver of the expiration, nor
shall it imply that either party has committed to continue to do business with
the other at any time in the future. Should this Agreement be renewed, or should
any other form of agreement be offered to DEALER, Porsche reserves the right to
offer an agreement of a length and upon such additional terms and conditions as
it deems reasonable.

                                      -44-
<PAGE>

3.       ENTIRE AGREEMENT

         There are no prior agreements or understandings, either oral or
written, between the parties affecting this Agreement or relating to the sale or
service of Porsche Products, except as otherwise specifically provided for or
referred to in this Agreement. DEALER acknowledges that no representations or
statements other than those expressly set forth therein were made by Porsche or
any officer, employee, agent or representative thereof, or were relied upon by
DEALER in entering into this Agreement. This Agreement cancels and supersedes
all previous agreements between the parties relating to the subject matters
covered herein. No change or addition to, or deletion of, any portion of this
Agreement shall be valid or binding upon the parties hereto unless the same is
approved in writing by an officer of each of the parties hereto.

         This Agreement contains the entire understanding of the parties hereto
with respect to the subject matter contained herein, and may be amended only by
a written instrument executed by each of the parties, or their respective
personal representatives, successors and/or assigns. This Agreement supersedes
any and all prior agreements with respect to the subject matter hereof, and
there are no restrictions, promises, warranties, covenants or undertakings
between the parties other than those expressly set forth in this Agreement.

         Should Porsche determine that any federal or state law or regulation
requires a change or changes in any of the provisions of this Agreement, Porsche
may offer to DEALER an amendment or an amended Agreement

                                      -45-
<PAGE>

embodying such change or changes. If DEALER shall fail to execute such amendment
or amended Agreement and return it to Porsche within thirty (30) days after it
is offered, Porsche, may terminate this Agreement subject to applicable law, by
giving written notice to DEALER.

4.       NO AGENCY

         DEALER is an independent business and will conduct its operations on
its own behalf and for its own account. DEALER has no power or authority to act
for, or to bind Porsche and/or PORSCHE AG. Except as expressly provided in the
Agreement, Porsche will not be liable for any expenditure made or incurred by
DEALER in connection with DEALER's performance of its obligations pursuant to
the Agreement. DEALER is not an agent of Porsche, and Porsche owes no fiduciary
duty to DEALER.

         DEALER agrees that it has no rights, without limitation, arising from
or in connection with any agreement between Porsche and any other Porsche
dealer, and that DEALER is not a third party beneficiary of any such agreement.
Nothing herein grants DEALER any rights to enforce any such agreement. DEALER
also agrees that no third party shall have any enforceable rights under this
Agreement.

5.       ASSIGNMENT

         This is a personal service agreement and may not be assigned or sold,
in whole or in part, directly or indirectly, voluntarily or by operation of law,
without the prior written approval of Porsche. Any attempted transfer,
assignment or sale without Porsche's prior written approval will be void and not
binding upon
                                      -46-
<PAGE>

Porsche. Porsche reserves the right to assign this Agreement without DEALER's
consent to any person, firm or corporation succeeding to its business and to any
subsidiary or affiliated company of Porsche.

6.       SEVERABILITY

         If any term or provision of this Agreement, or the application thereof
to any person or circumstance, shall, to any extent, be found to be invalid,
void or unenforceable, the remaining provisions and any application thereof
shall, nevertheless, continue in full force and effect without being impaired or
invalidated in any way.

7.       NO FRANCHISE FEE

         DEALER warrants that it has paid no fee, nor has it provided any goods
or services in lieu of a fee, to Porsche or any other party in consideration of
entering into this Agreement.

8.       HEADINGS

         The headings of the Sections of this Agreement are for convenience and
reference only and shall, in no way, be construed to explain, modify, amplify,
or aid in the interpretation, construction or meaning of the provisions of this
Agreement or to be a part of this Agreement.

9.       NEW AND SUPERSEDING DEALER AGREEMENTS

         In the event any new and superseding form of dealer agreement is
offered by Porsche to authorized Porsche dealers generally, at any time prior to
the expiration of the term of this Agreement, Porsche may, by written notice to
DEALER, replace this Agreement with a new agreement in a new and

                                      -47-
<PAGE>

superseding form for a term not less than the then unexpired term of this
Agreement.

10.      PORSCHE POLICIES

         This Agreement, as amended from time to time, refers to certain
policies, procedures, and standards prepared by Porsche, based upon its
evaluation of the marketplace. All such policies, procedures and standards shall
be reasonable. DEALER agrees to abide by all such policies, procedures, and
standards. Porsche may reasonably amend its policies, procedures and standards
from time to time.

11.      NO THIRD PARTY BENEFIT

         This Agreement is entered into by and between Porsche and DEALER for
their sole and mutual benefit. Neither this Agreement nor any specific provision
contained in it is intended or shall be construed to be for the benefit of any
third party.

12.      NO FIDUCIARY RELATIONSHIP

         This Agreement shall not be construed to create a fiduciary
relationship between DEALER and Porsche.

                                      -48-

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