Document:

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                                                                 EXHIBIT 10.2.15

                                  [ACURA LOGO]

                                AUTOMOBILE DEALER
                                SALES AND SERVICE
                                   AGREEMENT

                               [GRAPHIC OMITTED]

                         AMERICAN HONDA MOTOR CO., INC.

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PARAGRAPH A

   This is an agreement between the Acura Division, American Honda Motor Co.,
Inc. (American Honda) and _________________________ (Dealer) a(n)_______________
doing business as __________________________________. By this agreement, which
is made and entered into at Torrance, California, effective the ____ day of
________, 19_______. American Honda gives to Dealer the nonexclusive right to
sell and service Acura Products at the Dealership Location. It is the purpose of
this Agreement, including the Acura Automobile Dealer Sales and Service
Agreement Standard Provisions (Standard Provisions), which are incorporated
herein by reference, to set forth the rights and obligations which Dealer will
have as a retail seller of Acura Products. Achievement of the purposes of this
Agreement is premised upon the mutual and continuing understanding and
cooperation between American Honda and Dealer and the expressed intention of
each to deal fairly with the consuming public.

For consistency and clarity, terms which are used frequently in this Agreement
have been defined in Article 12 of the Standard Provisions.

PARAGRAPH B

   American Honda grants to Dealer the nonexclusive right to buy Acura Products
and to identify itself as an Acura dealer at the Dealership Location. Dealer
assumes the obligations specified in this Agreement and agrees to sell and
service effectively Acura Products within Dealer's Primary Market Area and to
maintain premises satisfactory to American Honda.

PARAGRAPH C

   Dealer covenants and agrees that this Agreement is personal to Dealer, to the
Dealer Owner, and to the Dealer Manager, and American Honda has entered into
this Agreement based upon their particular qualifications and attributes and
their continued ownership or participation in Dealership Operations. The parties
therefore recognize that the ability of Dealer to perform this Agreement
satisfactorily and the Agreement itself are both conditioned upon the continued
active involvement in or ownership of Dealer by either:

(1.) the following person(s) in the percentage(s) shown:

<TABLE>

<S>                        <C>                        <C>                        <C>
        NAME                      ADDRESS                    TITLE                PERCENT OF OWNERSHIP
----------------------     ----------------------     ----------------------     ----------------------

</TABLE>

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(2.) ___________________________________________________________________________

   an individual personally owning an interest in Dealer of at least 25% and who
has presented to American Honda a firm and binding contract giving to him the
right and obligation of acquiring an ownership interest in Dealer in excess of
50% within five years of the commencement of Dealership Operations and being
designated in that contract as Dealer operator.

PARAGRAPH D

   Dealer represents, and American Honda enters into this Agreement in reliance
upon the representation, that ______________________ exercises the functions of
Dealer Manager and is in complete charge of Dealership Operations with authority
to make all decisions on behalf of Dealer with respect to Dealership Operations.
Dealer agrees that there will be no change in Dealer Manager without the prior
written approval of American Honda.

PARAGRAPH E

   American Honda has approved the following premise as the location(s) for the
display of Acura Trademarks and for Dealership Operations.

    New Car Showroom __________________________________________________________

    Used Car Display __________________________________________________________

    Sales and General Offices _________________________________________________

    Parts and Service Facilities ______________________________________________

PARAGRAPH F

   There shall be no voluntary change or involuntary change, direct or
indirect, in the legal or beneficial ownership or executive power or
responsibility of Dealer for the Dealership Operations, specified in Paragraphs
C and D hereof, without the prior written approval of American Honda.

PARAGRAPH G

   Dealer agrees to maintain, solely with respect to the Dealership Operations,
minimum net working capital of $_________, minimum owner's equity of $_________,
and a line or lines of credit in the aggregate amount of $_________ with banks
or financial institutions approved by American Honda for use in connection with
Dealer's purchases of and carrying of inventory of Acura Products, all or which
American Honda and Dealer agree are required to enable Dealer to perform its
obligations pursuant to this Agreement. If Dealer also carries on another
business or sells other products, Dealer's total net working capital, owner's
equity and lines of credit shall be increased by an appropriate amount.

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PARAGRAPH H

   This Agreement is made for the period beginning ________________________ and
ending ________________________ unless sooner terminated. Continued dealings
between American Honda and Dealer after the expiration of this Agreement shall
not constitute a renewal of this Agreement for a term, but rather shall be on a
day-to-day basis, unless a new agreement or a renewal of this Agreement is fully
executed by both parties.

PARAGRAPH I

   This Agreement may not be varied, modified or amended except by an instrument
in writing, signed by duly authorized officers of the parties, referring
specifically to this Agreement and the provision being modified, varied or
amended.

PARAGRAPH J

   Neither this Agreement, nor any part thereof or interest therein, may be
transferred or assigned by Dealer, directly or indirectly, voluntarily or by
operation of law, without the prior written consent of American Honda.

__________________________________    By __________________________________
   (Corporate or Firm Name)                         (Dealer)

ACURA DIVISION
AMERICAN HONDA MOTOR CO., INC.

                                                                (Corporate Seal)

By __________________________________________

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                                      ACURA

                                AUTOMOBILE DEALER
                                SALES AND SERVICE
                                    AGREEMENT

                               STANDARD PROVISIONS

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               ACURA AUTOMOBILE DEALER SALES AND SERVICE AGREEMENT
                               STANDARD PROVISIONS

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

                                                                                                     PAGE

<S>                                                                                                <C>
 1.  THE OBLIGATIONS OF AMERICAN HONDA .............................................................  1
 2.  SALE OF ACURA PRODUCTS TO DEALER ..............................................................  3
 3.  THE OBLIGATIONS OF DEALER .....................................................................  4
 4.  WARRANTY ......................................................................................  6
 5.  ADVERTISING AND PROMOTIONAL PROGRAMS ..........................................................  7
 6.  TRADEMARKS AND SERVICE MARKS ..................................................................  7
 7.  GENERAL BUSINESS REQUIREMENTS .................................................................  8
 8.  APPOINTMENT OF SUCCESSOR AND REPLACEMENT DEALERS ..............................................  9
 9.  TERMINATION OF AGREEMENT ...................................................................... 10
 10. RIGHTS, OBLIGATIONS AND DEALINGS UPON TERMINATION ............................................. 13
 11. GENERAL PROVISIONS ............................................................................ 16
 12. DEFINITIONS ................................................................................... 18

</TABLE>

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               ACURA AUTOMOBILE DEALER SALES AND SERVICE AGREEMENT
                               STANDARD PROVISIONS

The following Standard Provisions are, by reference, incorporated in and made a
part of the Acura Automobile Dealer's Sales and Service Agreement. These
Standard Provisions accompany the Acura Dealer's Sales and Service Agreement
which has been executed on behalf of both American Honda and Dealer.

1. THE OBLIGATIONS OF AMERICAN HONDA

   1.1  It is the obligation of American Honda to supply to Dealer, and to
        all authorized dealers, Acura Products in a fair and reasonable manner
        in order that Dealer may conduct Dealership Operations in a
        businesslike manner. In fulfilling this obligation, Acura Products may
        be supplied either on the basis of dealer order or on the basis of
        allocation, depending on market conditions and availability. There are
        numerous factors which affect the availability of Acura Products. Among
        those factors are component availability and production capacity,
        consumer demand, strikes and other labor troubles, weather and
        transportation conditions, and government regulations. Because such
        factors affect individual dealer supply, American Honda necessarily
        reserves discretion in accepting orders and allocating and distributing
        Acura Products, and its judgment and decision in such matters will be
        final.

   1.2  To assist Dealer in the fulfillment of its obligations under the
        Agreement, which it has as a retail seller of Acura Products, American
        Honda agrees to provide Dealer sales, service and parts support.

        1.2.A.  To assist Dealer in fulfilling its sales responsibility,
                American Honda agrees to offer general and specialized product
                information and to provide field sales personnel to advise and
                counsel Dealer's sales organization on sales-related subjects
                such as merchandising, training and sales management.

        1.2.B.  To assist Dealer in fulfilling its service and parts
                responsibilities, American Honda agrees to offer, or cause to be
                offered, general and specialized service and parts training
                courses. Based on the service training needs of Dealer's service
                personnel, to be determined by American Honda with the
                assistance of Dealer, Dealer agrees to have members of Dealer's
                service organization attend such courses. Further, American
                Honda agrees to make available to Dealer field service personnel
                capable of advising and counseling Dealer's service personnel on
                service-related subjects, including product quality, technical
                adjustments, repairs and replacement of product components,
                recall, product improvement or product update campaigns which
                American Honda may conduct, owner complaints, warranty
                administration, service and parts merchandising, and training
                and service management.

   1.3  To assist Dealer in planning, establishing and maintaining the
        Dealership Premises, American Honda will, at its sole option, make
        available to Dealer, upon request, sample copies of building layout
        plans or facility planning recommendations, including sales, service and
        parts space and the placement, installation and maintenance of
        recommended signs. In addition, representatives of American Honda will
        be available to Dealer from time to time to counsel and advise Dealer
        and its personnel in connection with Dealer's planning and equipping the
        Dealership Premises.

                                       1

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   1.4  American Honda agrees to make available to Dealer, at reasonable cost,
        such sales, service and parts manuals, brochures, special service tools
        and equipment and other data for Acura Products as American Honda deems
        necessary for Dealership Operations.

   1.5  American Honda agrees to maintain a nationwide system of authorized
        dealers of Acura Products. In order that those authorized dealers may be
        assured of the benefits of comprehensive advertising of Acura Products,
        American Honda agrees to establish and maintain general advertising
        programs in such manner and amount as it may deem appropriate and will
        make sales promotion and campaign materials available to Dealer.

   1.6  American Honda agrees to compensate Dealer for the labor and parts used
        by Dealer in performing its obligations under any American Honda
        warranty and in connection with any recall, product improvement or
        product update campaign which American Honda may undertake and require
        Dealer to perform. Such compensation will be in such reasonable amounts,
        and pursuant to such requirements and instructions, as American Honda
        shall establish from time to time, and such compensation shall
        constitute full and complete payment by American Honda to Dealer for
        such work.

   1.7  American Honda agrees to assume the defense of Dealer and to indemnify
        Dealer against any money judgment, less any offset recovered by Dealer,
        in any lawsuit naming Dealer as a defendant, where such lawsuit relates
        to: (a) an alleged breach of any Acura warranty relating to Acura
        Products; (b) bodily injury or property damage claimed to have been
        caused by a defect in the design, manufacture or assembly of an Acura
        Product prior to delivery thereof to Dealer (other than a defect which
        could have been detected by Dealer in a reasonable inspection); or (c) a
        misrepresentation or misleading statement of American Honda; provided,
        however, that if any information discloses the possibility of Dealer
        error or omission in servicing or otherwise (including but not limited
        to Dealer not having performed all recalls of which Dealer has notice on
        the Acura Product involved in the lawsuit if the defect subject to the
        recall is alleged or contended to be a contributing cause of the breach
        of warranty, injury or damage which is the subject matter of the
        lawsuit), or should it appear that the Acura Product involved in such
        lawsuit had been altered by or for Dealer, or if Dealer has violated any
        of the provisions of this Paragraph 1.7, then Dealer will immediately
        obtain its own counsel and defend itself, and American Honda will not be
        obligated to defend or indemnify Dealer further. Dealer will promptly
        notify American Honda of any claim which Dealer will assert American
        Honda might be obligated to defend under this Paragraph 1.7. American
        Honda will have not less than thirty (30) days to conduct a reasonable
        investigation to initially determine whether or not American Honda is
        obligated to defend under this Paragraph 1.7. Dealer will take the steps
        necessary to protect its own interests involved in the lawsuit until
        American Honda assumes the active defense of Dealer. American Honda
        will, upon assuming the defense of Dealer, reimburse Dealer for all
        attorneys' fees or court costs incurred by Dealer from the date of the
        tender. American Honda, upon assuming Dealer's defense, will have the
        right to retain and direct counsel of its own choosing, and Dealer will
        cooperate in all matters during the course of defending the lawsuit. If,
        upon final judgment in a lawsuit, it is determined that American Honda
        wrongfully failed or refused to defend Dealer, American Honda will
        reimburse Dealer for all costs and attorneys' fees incurred by Dealer
        from the date of the tender of defense.

                                       2

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2. SALE OF ACURA PRODUCTS TO DEALER

   2.1  To the extent that Acura Products are the subject of dealer order, such
        orders will be submitted and processed in accordance with procedures
        established by American Honda. No order will be binding on American
        Honda, as evidenced by either the issuance of an invoice or shipment of
        the ordered Acura Products, and any such order may be accepted in whole
        or in part. All orders by Dealer will be deemed firm orders and binding
        upon the Dealer, except that at any time prior to acceptance, an order
        may be canceled by Dealer by giving actual notice to American Honda in
        writing of the desire by Dealer to cancel such order.

   2.2  While it is the intent of American Honda to provide Acura Automobiles to
        Dealer in such quantities and types as are ordered by Dealer, American
        Honda and Dealer recognize that Acura Automobiles may not always be
        available in desired quantities. It is therefore understood and agreed
        that American Honda, at its sole election, will have the right to
        allocate Acura Automobiles among authorized dealers of Acura Products in
        a fair and reasonable manner. American Honda will provide to Dealer an
        explanation, in writing, of any allocation system it may adopt.

   2.3  American Honda will have the right at any time and from time to time to
        establish and revise prices and other terms, including payment by
        Dealer, for its sales of Acura Products to Dealer. Revised prices, terms
        or provisions will apply to the sale of any Acura Products as of the
        effective date of the revised prices, terms or provisions, even though a
        different price or different terms may have been in effect at the time
        such Acura Products were allocated to or ordered by Dealer.

   2.4  American Honda will have the right to select the distribution points and
        the mode of transportation and may pay carriers for all charges in
        effecting delivery of Acura Products to Dealer. Dealer agrees to pay to
        American Honda such charges for delivery as American Honda may assess.
        Subject to the terms of sale which may be established from time to time
        by American Honda, risk of loss to Acura Products will pass to Dealer
        upon tender of the Acura Products to Dealer or its authorized agent, and
        title will pass to Dealer upon receipt by American Honda of payment.

   2.5  If Dealer should fail or refuse or for any reason be unable to accept
        delivery of any Acura Products ordered by Dealer, or if Dealer should
        request diversion of a shipment from American Honda, Dealer will be
        responsible for and pay to American Honda, promptly on demand, all costs
        and expenses incurred by American Honda in filling and shipping Dealer's
        order and by reason of such diversion, including costs of demurrage and
        storage, plus restocking charges as determined by American Honda.
        American Honda may direct that such returned Acura Products be delivered
        to another destination, but the amount charged Dealer for return to such
        other destination will not be greater than the costs and expenses of
        returning such Acura Products to their original place of shipment plus
        any demurrage, storage and restocking charges.

   2.6  As between American Honda and Dealer, American Honda assumes
        responsibility for damage to Acura Products caused prior to delivery to
        Dealer or its authorized agent.

                                       3

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   2.7  American Honda will not be liable in any manner for delay or failure
        in supplying any Acura Products where such delay or failure is the
        result of any event beyond the control of American Honda. Such event may
        include, but is not limited to, any law or regulation or any acts of
        God, foreign or civil wars, riots, interruptions of navigation,
        shipwrecks, fires, strikes, lockouts, or other labor troubles,
        embargoes, blockades, demand for, or delay or failure of any supplier
        to deliver or in making delivery, of Acura Products.

   2.8  American Honda reserves the right at any time to change or modify,
        without notice, any specification, design or model of Acura Products. In
        the event of any change or modification with respect to any Acura
        Products, Dealer will not be entitled to have such or similar change or
        modification made with respect to any other Acura Products, except as
        may be required by applicable law. American Honda may, however, in its
        sole discretion, make such changes or modifications to all Acura
        Products in its inventory or control, whether or not invoiced to Dealer.
        No such change will be considered a model year change unless specified
        by American Honda.

   2.9  American Honda may at any time discontinue, without obligation to Dealer
        or Dealer's customers, the sale of any Acura Products, or models or
        lines thereof or any other items, goods or services. Further, American
        Honda will have no obligation, under any circumstances, to accept orders
        for any Acura Products which are not in current inventory.

3. THE OBLIGATIONS OF DEALER

   3.1  It is the obligation of Dealer to promote and sell, at retail, Acura
        Products, and to promote and render service, whether or not under
        warranty, for those products within the Dealer's Primary Market Area.

   3.2  Dealer's performance of its sales obligations for Acura Products will be
        evaluated by American Honda on the basis of such reasonable criteria as
        American Honda may develop from time to time, including, but not limited
        to, such reasonable sales objectives as American Honda may establish and
        a comparison of Dealer's sales performance with other authorized dealers
        of Acura Products.

   3.3  To enable Dealer to fulfill its obligations satisfactorily, Dealer
        agrees to establish and maintain an adequate and trained sales and
        customer relations organization. Dealer further agrees to establish and
        maintain a complete service and parts organization, including a
        qualified service manager and a qualified parts manager and a number of
        competent service and parts personnel adequate to care for the service
        obligations to be performed by Dealer under the Agreement.

   3.4  Dealer agrees to acknowledge, investigate and resolve satisfactorily all
        complaints received from owners of Acura Products in a businesslike
        manner in order to secure and maintain the goodwill of the public. Any
        complaint received by Dealer which, in the opinion of Dealer, cannot be
        readily remedied, shall be promptly reported to American Honda by
        Dealer.

                                       4

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   3.5   Dealer agrees that it will not make any misrepresentations or
         misleading statements regarding the items making up the total selling
         price of Acura Products or as to the prices or charges relating to such
         items. With the understanding that Dealer is the sole judge of the
         price at which it sells Acura Products, dealer recognizes that a retail
         customer has the right to purchase Acura Automobiles without being
         required to purchase any optional equipment or accessories which the
         purchaser does not want or order unless such equipment or accessories
         are required under applicable laws or regulations.

   3.6   Dealer agrees to make certain that all Acura Products sold by it have
         received predelivery services and inspection in accordance with
         applicable procedures and directives issued by American Honda. Dealer
         further agrees that all Acura Products sold by it will be in proper
         operating condition prior to delivery to any customer. To enable Dealer
         to fulfill its obligations in this regard, Dealer agrees that an
         appropriate number of its service personnel will be fully qualified to
         perform all necessary predelivery service and inspection.

   3.7   Dealer agrees to comply with, and operate consistent with, all
         applicable provisions of the National Traffic and Motor Vehicle Safety
         Act of 1966 and the Federal Clean Air Act, as amended, including such
         applicable rules and regulations as may be issued thereunder, and all
         other applicable federal, state and local motor vehicle safety and
         emission control requirements. In the interests of motor vehicle safety
         and emission control, American Honda agrees to provide to Dealer, and
         Dealer to American Honda, 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 the rules and regulations issued thereunder, and all other
         applicable federal, state and local motor vehicle safety and emission
         control requirements.

   3.8   Dealer agrees to conduct a used vehicle operation at or in connection
         with the Dealership Premises, to the extent reasonably required to
         enhance the opportunity for sales of Acura Automobiles.

   3.9   American Honda and Dealer recognize that it may be necessary for
         American Honda to formulate new or different policies or directives to
         meet new or changing technology, laws or circumstances. In the
         operation of Dealer's business and in the sale and promotion of Acura
         Products, in rendering service and in all other activities of the
         Dealership Operations, Dealer will follow all reasonable directives,
         suggestions and policies of American Honda. All written directives,
         suggestions and policies of American Honda contained in any of its
         bulletins or manuals, which are in effect as of the date of the
         Agreement or are issued thereafter, will be deemed a part of the
         Agreement.

   3.10  Dealer agrees that it will, at all times, maintain in effect all
         licenses required for Dealership Operations and for the Dealership
         Premises.

   3.11  Dealer agrees that it will comply with all laws, rules, regulations and
         guides relating to the conduct of its business.

                                       5

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   3.12  Dealer agrees that it will perform any and all warranty, recall,
         product improvement or product update service in compliance with
         instructions and directives issued by American Honda, regardless of
         where the Acura Product involved was purchased. To protect and maintain
         the goodwill and reputation of Acura Products and the Acura Trademarks,
         Dealer agrees that it will not charge any customer for warranty service
         or any work done in connection with such warranty, recall, product
         improvement or update or any other service as to which Dealer is
         reimbursed by American Honda.

   3.13  Dealer fully understands that the success of its Dealership Operations
         depends to a great extent upon the amount of net working capital,
         owner's equity, flooring and lines of credit which Dealer maintains.
         Accordingly, for the benefit of both American Honda and Dealer, Dealer
         agrees that it will, at all times, pay for Acura Products promptly and,
         to do so, maintain its minimum net working capital, owner's equity,
         flooring and lines of credit in the amounts specified in Paragraph G of
         the Agreement. American Honda will have the right, reasonably, to
         specify an increased amount of minimum net working capital, owner's
         equity, flooring, or lines of credit to be used in Dealership
         Operations and Dealer agrees promptly to establish and maintain the
         increased amount. Dealer and American Honda agree to execute such new
         documents as American Honda may reasonably require to evidence revised
         capital requirements.

   3.14  Dealer agrees to assume the defense of American Honda and to indemnify
         American Honda against any money judgment, less any offset recovered by
         American Honda, in any lawsuit naming American Honda as a defendant
         where such lawsuit relates to: (a) an alleged failure by Dealer to
         comply, in whole or in part, with any obligation assumed by Dealer
         pursuant to the Agreement, (b) Dealer's alleged negligent or improper
         repairing or servicing of Acura Products, or such other motor vehicles
         or equipment as may be sold or serviced by Dealer, or (c) Dealer's
         alleged breach of any contract between Dealer and Dealer's customer, or
         (d) Dealer's alleged misrepresentation or misleading statement, either
         direct or indirect, to any customer of Dealer. American Honda may, at
         its sole option and at its expense, participate in defending any such
         lawsuit.

4. WARRANTY

   4.1   Dealer understands and agrees that the only warranties that will be
         applicable to Acura Products will be such written warranty or
         warranties as may be furnished by American Honda. Except for its
         express liability under such written warranties, American Honda neither
         assumes nor authorizes any other person or party to assume for it any
         other obligation or liability in connection with any Acura Product or
         component thereof.

   4.2   Dealer agrees that it will expressly incorporate any warranty furnished
         by American Honda with an Acura Automobile as a part of each order form
         or other contract for the sale of such Acura Automobile by Dealer to
         any buyer. Dealer further agrees that it will deliver to the buyer of
         all Acura Products, at the time of delivery of such Acura Products,
         copies of such applicable warranties as may be furnished by American
         Honda. Dealer agrees to abide by and implement in all other respects
         American Honda's warranty procedures in effect at the time of Dealer's
         sale.

                                       6

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5. ADVERTISING AND PROMOTIONAL PROGRAMS

   5.1   Dealer agrees to develop and actively utilize programs for the
         advertisement and promotion of Acura Products and its servicing of
         such products. Such programs will include the prominent display and use
         or demonstration of Acura Automobiles. Dealer further agrees to
         cooperate with all reasonable promotional programs developed by
         American Honda.

   5.2   Dealer agrees that it will not advertise, promote or trade in Acura
         Products or the servicing thereof in such a manner as to injure or be
         detrimental to the goodwill and reputation of American Honda and the
         Acura Trademarks. Dealer further agrees that it will not publish or
         otherwise disseminate any advertisement or announcement or use any form
         or media of advertising which is objectionable to American Honda.
         Dealer agrees to discontinue immediately any advertisement or form of
         advertising deemed objectionable upon request of American Honda.

   5.3   Subject to applicable federal, state or local ordinances, regulations
         and statutes, Dealer agrees to erect and maintain, at the Dealership
         Location, at Dealer's expense, authorized product and service signs of
         types required by American Honda, as well as such other authorized
         signs as are necessary to advertise the Dealership Operations
         effectively and as are required by American Honda.

6. TRADEMARKS AND SERVICE MARKS

   6.1   Dealer agrees that American Honda has the exclusive right to use and to
         control the use of the Acura Trademarks and but for the right and
         license granted by Paragraph 6.2 hereof to use and display the Acura
         Trademarks, Dealer would have no right to use the same.

   6.2   Dealer is hereby granted the nonexclusive right and license to use and
         display the Acura Trademarks at the Dealership Premises. Such use or
         display is limited to that which is necessary in connection with the
         sale, offering for sale and servicing of Acura Products at retail at
         the Dealership Location. Dealer agrees that it will promptly
         discontinue the use of any of the Acura Trademarks or change the manner
         in which any of the Acura Trademarks is used when requested to do so by
         American Honda.

   6.3   American Honda and Dealer recognize that Dealer is free to sell Acura
         Products to customers wherever they may be located. However, in order
         that American Honda may establish and maintain an effective network of
         authorized dealers for the sale and service of Acura Products, Dealer
         specifically agrees that it will not display Acura Trademarks, or,
         either directly or indirectly, establish any place or places of
         business for the conduct of any of its Dealership Operations except at
         the locations and for the purpose described in Paragraph E of the
         Agreement without the prior written approval of American Honda. Dealer
         further agrees that the rights and license granted by Paragraph 6.2
         hereof will be automatically canceled upon a change in the location of
         the Dealership Location unless such change in location was previously
         approved in writing by American Honda. Dealer further agrees that such
         right and license terminates with the termination of the Agreement.

                                       7

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   6.4   If Dealer refuses or neglects to keep and perform its obligations
         assumed under this Article 6 or under Paragraph 10.3 hereof, Dealer
         will reimburse American Honda for all costs, attorneys' fees and other
         expenses incurred by American Honda in connection with any action to
         require Dealer to comply therewith.

7. GENERAL BUSINESS REQUIREMENTS

   7.1   It is to the mutual benefit of Dealer and American Honda that uniform
         accounting systems and practices be maintained by authorized dealers.
         Accordingly, Dealer agrees to maintain such systems and practices as
         are required by American Honda. In the event Dealer engages in the sale
         of any other product, Dealer agrees to maintain and keep separate
         records and books relating to the sale and servicing of Acura Products.

   7.2   Dealer agrees to furnish monthly to American Honda, on or before the
         times designated by American Honda, on forms prescribed by American
         Honda, a complete and accurate financial and operating statement
         covering the preceding month and calendar-year-to-date operations and
         showing the true and accurate condition of Dealership Operations.
         Financial statements and other business information furnished to
         American Honda will not be submitted to any third party unless
         authorized by Dealer or required by law, or the information is
         pertinent to a proceeding in which American Honda and Dealer are
         parties.

   7.3   Dealer agrees to keep complete and current records regarding the sale
         and servicing of Acura Products and to prepare for American Honda such
         reports, based on those records, as American Honda may reasonably
         request. In order that policies and procedures relating to the
         applications for reimbursement for warranty and other applicable work
         and for other credits or reimbursements may be applied uniformly to all
         authorized dealers, Dealer agrees to prepare, keep current and retain
         records in support of requests for reimbursement or credit in
         accordance with policies and procedures designated by American Honda.

   7.4   Dealer agrees to permit, during reasonable business hours, American
         Honda, or its designee, to examine, audit, reproduce and take copies of
         all reports, accounts and records pertaining to the sale, servicing and
         inventorying of Acura Products, including, but not limited to, records
         in support of claims for reimbursement or credit from American Honda,
         and with the prior approval of Dealer, which approval will not be
         unreasonably withheld, to interview Dealer employees with respect
         thereto.

   7.5   Dealer agrees that Dealership Operations will be conducted in the
         normal course of business during and for not less than the days of the
         week and hours of the day customary for automobile dealerships in the
         Primary Market Area.

   7.6   Dealer agrees and understands that any retail price which may be
         suggested by American Honda is merely a suggested price, and Dealer has
         no obligation to sell any Acura Product at such price. Dealer further
         understands and agrees that it is the sole judge of the price at which
         it sells Acura Products and the price it charges others for service,
         subject only to applicable local, state and federal laws, rules and
         regulations.

                                        8

<PAGE>

   7.7   Dealer understands and agrees that it will be responsible for and will
         pay any and all taxes, whether sales, use or excise, and all other
         governmental or municipal charges imposed upon the sale of Acura
         Products by American Honda to Dealer and will maintain accurate
         records of the same, which records will be available to American
         Honda, or its designee, during regular business hours for inspection.

   7.8   Dealer understands and agrees that, while it has responsibility for
         the promotion and retail sale and servicing of Acura Products within
         the Primary Market Area, it has no territorial exclusivity. Further,
         American Honda reserves the right, based upon reasonable criteria, to
         appoint other authorized dealers of Acura Products in the Primary
         Market Area.

8. APPOINTMENT OF SUCCESSOR AND REPLACEMENT DEALERS

   8.1   The parties recognize that Acura Products are marketed through a system
         of authorized dealers developed by American Honda and that customers
         and American Honda have a vital interest in the preservation and
         efficient operation of the system. American Honda has the
         responsibility of continuing to administer the system and of selecting
         the most suitable dealer candidate in each circumstance. Accordingly,
         Dealer agrees that American Honda has the right to select each
         successor and replacement dealer and to approve its owners and
         principal management and the location of dealership facilities.
         Further, Dealer agrees to provide written notice to American Honda of
         any potential change in the involvement, ownership or management
         specified in Paragraphs C and D of the Agreement. No change affecting
         such involvement, ownership or management will be made without the
         prior written approval of American Honda, which approval will not be
         unreasonably withheld.

   8.2   Upon Dealer's request, American Honda will execute with Dealer a
         Successor Addendum designating proposed Dealer operators or owners of a
         successor dealer to be established if the Agreement expires or is
         terminated because of death or incapacity. The request must be executed
         by all persons identified in Paragraph C of the Agreement and all
         proposed dealer operators or owners and be submitted to American Honda
         prior to such death or incapacity; provided that such proposed dealer
         operators or owners must be acceptable to American Honda.

   8.3   Dealer, but not American Honda, may cancel any executed Successor
         Addendum. If American Honda notifies Dealer that it does not plan to
         permit Dealership Operations to continue at the Dealership Location,
         American Honda shall have no obligation to execute a new Successor
         Addendum.

   8.4   If the Agreement expires or is terminated because of death or
         incapacity and Dealer and American Honda have not executed a Successor
         Addendum, the remaining owners, successors or heirs may propose a
         successor dealer entity to continue Dealership Operations at the
         Dealership Location. Such proposal must be made within thirty days of
         the event causing expiration or termination by submitting a written
         proposal to American Honda. Such proposal will be accepted by American
         Honda if it does not introduce new owners or if the proposed new owners
         are acceptable to American Honda.

                                       9

<PAGE>
   8.5    Any successor dealer entity approved by American Honda pursuant to
          this Article 8 must establish that it can conduct Dealership
          Operations in an efficient and businesslike manner. Such successor
          dealer entity will have one year to meet reasonable performance
          criteria established from time to time by American Honda. In the event
          such successor dealer entity fails to meet those criteria, such
          failure will be separate grounds for termination of the Agreement.

9. TERMINATION OF AGREEMENT

   9.1    The Agreement may be terminated, at any time, by mutual agreement of
          American Honda and Dealer.

   9.2    Dealer may terminate the Agreement, at any time, by giving American
          Honda notice of such termination. Such termination shall be effective
          upon the date specified by Dealer, or if no date is specified, then
          upon receipt by American Honda of such notice.

   9.3    American Honda may terminate the Agreement, at any time, by serving on
          Dealer a written notice of such termination by certified or registered
          mail to Dealer at the Dealership Premises. Subject to other provisions
          of the Agreement, termination will be effective ninety (90) days after
          mailing of such notice to dealer or such longer period as American
          Honda may specify; provided, however, that termination will be
          effective ten (10) days after mailing if for an occurrence of any
          circumstance referred to in Paragraphs 9.4.A, 9.4.B, 9.4.J or 9.4.M
          hereof.

   9.4    It is recognized that each of the following grounds is within control
          of Dealer or originates from action taken by Dealer or its
          employee(s) and is contrary to the spirit and objectives of the
          Agreement. Therefore, American Honda may terminate the Agreement upon
          the occurrence of any of the following:

         9.4.A   Failure by Dealer to secure and continuously maintain any
                 license necessary for the conduct by Dealer of its business
                 pursuant to the Agreement or the termination or expiration
                 without renewal, or suspension or revocation of any such
                 license for any reason whatsoever, whether or not license is
                 reinstated.

         9.4.B   Any change, transfer or attempted transfer by Dealer or any
                 Dealer Owner, voluntarily or by operation of law, of the whole
                 or any part of the Agreement or any interest or legal or
                 beneficial ownership therein or any right or obligation
                 thereunder, directly or indirectly, such as, for example only,
                 by way of a sale of an underlying ownership interest in Dealer
                 or the Dealership Premises or a change in the persons having
                 control or managerial authority, without prior written consent
                 of American Honda. Any purported change, transfer or assignment
                 shall be null and void and not binding on American Honda.

         9.4.C   Any dispute, disagreement, controversy or personal difficulty
                 between or among Dealer Owners or in the management of Dealer
                 which, in American Honda's opinion, may adversely affect the
                 conduct of Dealer's business, or the presence in the management
                 of Dealer of any person who, in American Honda's opinion, does
                 not have or no longer has requisite qualifications for his
                 position.

                                       10

<PAGE>

         9.4.D   Impairment of the reputation or the financial standing of
                 Dealer or of any Dealer Owner subsequent to the execution
                 of the Agreement; or the ascertainment by American Honda of
                 any facts existing at or prior to execution of the Agreement
                 which tend to impair such reputation or financial standings; or
                 the failure of Dealer continuously to meet American Honda's
                 minimum requirements of net working capital, owner's equity or
                 line(s) of credit.

         9.4.E   Failure by Dealer to pay, within ten (10) days after written
                 demand from American Honda, any delinquent accounts or other
                 monies due to American Honda from Dealer.

         9.4.F   Submission or participation in the submission to American
                 Honda of any false or fraudulent statement, application,
                 report, request for issuance of reimbursement, compensation,
                 refund or credit, including but not limited to any false or
                 fraudulent claim for warranty work, labor rate, set-up
                 reimbursement or warranty coverage.

         9.4.G   Use by Dealer of any deceptive or fraudulent practice, whether
                 willful, negligent or otherwise, in the sale of any Acura
                 Product.

         9.4.H   Any conviction in any court of original jurisdiction of
                 Dealer or any Dealer Owner or any employee of the Dealership
                 Operations for any crime or violation of any law if, in the
                 opinion of American Honda, such conviction or violation may
                 adversely affect the conduct of the Dealership Operations or
                 tend to be harmful to the goodwill of American Honda or to the
                 reputation of Acura Products or the Acura Trademarks, or the
                 violation or refusal or neglect of Dealer to comply with the
                 provisions of the National Traffic and Motor Vehicle Safety Act
                 of 1966, as amended, or the Clean Air Act, or any rules,
                 regulations or standards under either of said Acts, including
                 but not limited to performance of any product update or recall
                 operation as directed by American Honda.

         9.4.I   Dealer's entering into any agreement, combination,
                 understanding or contract, oral or written, with any other
                 corporation, person, firm or other legal entity for the purpose
                 of fixing prices of Acura Products or otherwise violating any
                 law.

         9.4.J   Dealer's abandonment of Dealership Premises or failure to
                 maintain Dealership Operations as a going business, open during
                 customary business hours for the days and hours as are
                 customary for automobile dealerships in the Primary Market
                 Area, provided such failure is not due to causes beyond
                 Dealer's control. Failure of the Dealership Premises to remain
                 open for seven (7) consecutive days will constitute, without
                 more, such abandonment.

         9.4.K   Death or incapacity of any Dealer Owner or Dealer Manager,
                 subject to the provisions of Article 8.

         9.4.L   Failure of Dealer to make improvements, alterations or
                 modifications of its Dealership Premises which are required to
                 meet reasonable facility requirements of American Honda or
                 which Dealer has agreed or represented to American Honda that
                 Dealer will make or do.

                                       11

<PAGE>

         9.4.M   The movement of Dealership Premises to a new location or the
                 establishment of an additional location for the sale or service
                 of any Acura Products without the prior written approval of
                 American Honda.

         9.4.N   The failure of Dealer to provide adequate representation,
                 promotion, sales or service, including warranty work, of any
                 Acura Products.

         9.4.0   Dealer's breach of any provision of the Agreement or Dealer's
                 failure to comply with any contained in the Agreement.

   9.5   The Agreement will also be terminated upon written notice by American
         Honda in the event:

         9.5.A   Of termination of American Honda's distribution agreement as an
                 Acura Automobile distributor.

         9.5.B   Of withdrawal by American Honda from the market in which Dealer
                 is located.

         9.5.C   American Honda will, for any reason, discontinue the
                 distribution of Acura Automobiles.

   9.6   Upon the occurrence of any of the following facts or circumstances, the
         Agreement will terminate automatically, without notice or other action
         by American Honda or Dealer; and upon such termination, any dealings
         between American Honda and Dealer will be on a day-to-day basis at the
         sole option of American Honda and may be discontinued at any time by
         American Honda:

         9.6.A   Insolvency by any definition of Dealer; or

         9.6.B   The existence of facts or circumstances which would allow the
                 voluntary commencement by Dealer, or the involuntary
                 commencement against Dealer, of any proceedings under any
                 bankruptcy act or law or under any state insolvency law; or

         9.6.C   The appointment of a receiver or other officer having similar
                 powers for Dealer or the Dealership Premises; or

         9.6.D   Any levy against Dealer under attachment, garnishment or
                 execution or similar process which is not within ten (10) days
                 vacated or removed by payment or bonding.

   9.7   American Honda may select any applicable provision under which it
         elects to terminate the Agreement and give notice thereunder,
         notwithstanding the existence of any other grounds for termination or
         the failure to refer to such other grounds in the notice of
         termination. The failure by American Honda to specify additional
         ground(s) for cancellation in its notice will not preclude American
         Honda from later establishing that termination is also supported by
         such additional ground(s).

                                       12

<PAGE>

    9.8    The acceptance by American Honda of orders from Dealer or the
           continued sale of Acura Products to Dealer or any other act or course
           of dealing of American Honda after termination of the Agreement will
           not be construed as or deemed to be a renewal of the Agreement for
           any further term or a waiver of such termination. Any dealings after
           termination will be on a day-to-day basis.

    9.9    In all cases, Dealer agrees to conduct itself and Dealership
           Operations until the effective date of termination and after
           termination or expiration of the Agreement, so as not to injure the
           reputation or goodwill of the Acura Trademarks or American Honda.

10. RIGHTS, OBLIGATIONS AND DEALINGS UPON TERMINATION

    10.1   Upon the mailing of a written notice of termination or after date of
           the expiration of the Agreement without renewal, American Honda will
           have the right to cancel all pending orders of Dealer for Acura
           Products, special tools and equipment, whether previously accepted by
           American Honda or not, except as specifically otherwise provided in
           this Section 10. Notwithstanding the foregoing, if American Honda
           chooses to fill any orders, it will not be obligated to fill any
           other orders and will not be precluded from changing the terms of any
           sale.

    10.2   Not later than the effective date of the termination or expiration of
           the Agreement, Dealer will cease to hold itself out as being
           authorized to sell Acura Products and will discontinue selling Acura
           Products or performing service as an authorized dealer.

    10.3   In addition to the requirements of Section 10.2, not later than the
           effective date of the termination or expiration of the Agreement,
           Dealer will, at its sole expense, discontinue any and all uses of any
           Acura Trademarks and any words, symbols and marks which are
           confusingly similar thereto; will remove all signs bearing any Acura
           Trademark and will destroy all stationery, repair orders, advertising
           and solicitation materials, and all other printed matter bearing any
           Acura Trademark or referring directly or indirectly to American Honda
           or Acura Products in any way which might make it appear to members of
           the public that Dealer is still an authorized dealer. The foregoing
           will include, but not be limited to, discontinuing the use of an
           Acura Trademark as part of Dealer's business and corporate name.
           Dealer will also deliver to American Honda, at American Honda's place
           of business, or to a person designated by American Honda, or will
           destroy the same upon request by American Honda, any and all
           technical or service literature, advertising and other printed
           material then in Dealer's possession which relates to Acura Products
           and which was acquired or obtained by Dealer from American Honda.
           Dealer will destroy any sign bearing an Acura Trademark which has not
           been repurchased by American Honda.

    10.4   In the event the Agreement is terminated pursuant to the provisions
           of Paragraph 9.3 hereof, upon request of American Honda for copying
           Dealer's records of predelivery service, warranty service, recall or
           update service or other service of Acura Products, Dealer will make
           such records available. In the event the Agreement is terminated
           pursuant to the provisions of Paragraphs 9.1 or 9.2 hereof, upon the
           request of American Honda, Dealer will deliver to American Honda
           copies of such Dealer records.

                                       13

<PAGE>

    10.5    Dealer may, at any time within five (5) days after the effective
            date of termination or expiration of the Agreement, notify American
            Honda in writing of Dealer's desire to have American Honda
            repurchase from Dealer Acura Products in Dealer's inventory which
            were purchased from American Honda and which, when American Honda
            accepts sole possession:

            10.5.A   In the case of Acura Automobiles, are new and of the then
                     current model year, as designated by American Honda,
                     unused, undamaged and in first-class resalable condition
                     regardless of whether or not American Honda has exercised
                     its right of inspection; and

            10.5.B   In the case of Acura Parts, are new, listed as current in
                     the Parts Price Book, unused, undamaged, in their original
                     package and in first-class resalable condition.

    10.6    Upon termination or expiration without renewal, upon request of
            Dealer given no later than five (5) days after the effective date of
            termination or expiration, American Honda will repurchase all signs
            which use an Acura Trademark as were authorized in advance by
            American Honda and all service information and materials, special
            tools and equipment designed specifically for service of Acura
            Automobiles and which were purchased from American Honda and are
            usable on current Acura Products, provided that such signs,
            information, materials, tools and equipment are less than five (5)
            years old and are in good working order.

    10.7    American Honda will repurchase from Dealer Acura Products and signs,
            information, materials, tools and equipment as aforesaid on the
            condition that Dealer furnishes an inventory to American Honda
            within thirty (30) days after the termination or expiration without
            renewal of the Agreement and complies strictly with all procedures
            and conditions of repurchase issued by American Honda at the time of
            repurchase. American Honda will have the right and option to assign
            to another person or entity the right to purchase such Acura
            Products.

            10.7.A   The price for Acura Products, other than tools, equipment,
                     information, materials and signs, will be the price at
                     which they were originally purchased by Dealer from
                     American Honda or the price last established by American
                     Honda for the sale of identical Acura Products, whichever
                     may be lower, and in either case will be less all prior
                     refunds and allowances made by American Honda with respect
                     thereto, if any. The price for tools, equipment,
                     information, materials and signs will be the price paid by
                     Dealer reduced by straight-line depreciation on the basis
                     of a useful life of five (5) years. In all cases, the price
                     will be reduced by any applicable restocking charge which
                     may be in effect at the time of American Honda's receipt of
                     goods to be repurchased.

            10.7.B   Dealer agrees to store Acura Products and other items which
                     American Honda desires or is obligated to repurchase until
                     receipt from American Honda of rejection of repurchase or
                     instructions for shipping and return to American Honda.
                     Dealer agrees to strictly follow and abide by all
                     instructions for return as may be issued from time to time
                     by American Honda. All Acura Products will be properly and
                     suitably packaged and containered for safe transportation
                     to American

                                       14

<PAGE>

                     Honda. All damage regardless of nature or cause, will be
                     the responsibility of Dealer until the Acura Products are
                     inspected and accepted by American Honda for repurchase.
                     Storage of such Acura Products and other items will be at
                     Dealer's expense for a period of ninety (90) days after
                     Dealer requests repurchase and provides an inventory as
                     provided by Paragraphs 10.6 and 10.7 hereof. Thereafter,
                     Dealer will be entitled to charge American Honda a
                     reasonable storage charge.

            10.7.C   American Honda, or its designee, at such reasonable time
                     and for such a reasonable period of time as American Honda
                     may determine, will have the right to enter the premises
                     where items for repurchase are being held for the purpose
                     of checking the inventory submitted by Dealer or examining,
                     inspecting and inventorying any and all Acura Products. If
                     American Honda agrees to repurchase and Dealer fails to
                     furnish an inventory, Dealer will reimburse American Honda
                     for all costs of American Honda taking an inventory.

            10.7.D   Only those Acura Products meeting the requirements of
                     Paragraphs 10.5 and 10.6 hereof are or will be eligible for
                     return to American Honda. American Honda will not be
                     obligated to give Dealer credit for any Acura Products
                     which do not meet those requirements.

            10.7.E   Dealer warrants and represents that all Acura Products
                     tendered to American Honda for repurchase will be free of
                     all liens, encumbrances, security interests or attachments
                     at the time repurchase is requested by Dealer. Clear title
                     will be vested in American Honda upon receipt of goods.
                     Dealer will execute and deliver any documents necessary to
                     vest clear title in American Honda, and Dealer will be
                     responsible for complying with all applicable procedures,
                     including but not limited to those relating to bulk
                     transfers.

            10.7.F   Dealer will pay all freight and insurance charges from
                     Dealer to the place of delivery designated by American
                     Honda, provided that Dealer will not be liable for any
                     amount greater than the freight and insurance charges from
                     Dealer to American Honda's closest automobile warehouse or
                     parts center as American Honda may designate. Claims for
                     damage allegedly caused by any carrier will be the sole
                     responsibility of Dealer, and in no event will American
                     Honda be obligated to make a claim against a carrier or be
                     liable to Dealer for damage.

            10.7.G   As a condition of repurchase and notwithstanding any other
                     agreement or offer to repurchase, payment for repurchase
                     will first be applied against any obligations or money owed
                     by Dealer to American Honda. All payment due from American
                     Honda to Dealer pursuant to any provisions of the Agreement
                     or in connection with the termination of the Agreement will
                     be made by American Honda after receipt of the goods to be
                     repurchased and after all debits and credits have been
                     ascertained and applied to Dealer's accounts, and Dealer
                     has delivered to American Honda the manufacturer's
                     certificate of origin or other document of title for Acura
                     Automobiles tendered to American Honda for repurchase. In
                     the event it be found that a balance is due from Dealer to
                     American Honda, Dealer will pay such sum to American Honda
                     within ten (10) days of written notice of such balance.

                                       15

<PAGE>
11. GENERAL PROVISIONS

    11.1   Dealer acknowledges that only the President or a designated Vice
           President, Secretary or Assistant Secretary of American Honda is
           authorized to execute the Agreement, agree to any variation,
           modification or amendment of any of the provisions thereof, including
           authorized location, or to make commitments for or on behalf of
           American Honda. No other employee of American Honda may make any
           promise or commitment on behalf of American Honda or in any way bind
           American Honda. Dealer agrees that it will not rely on any statements
           or purported statements except from personnel as authorized
           hereinabove.

    11.2   The Agreement contains the entire agreement between Dealer and
           American Honda. Dealer acknowledges that no representations or
           statements other than those expressly set forth therein were made by
           American Honda or any officer, employee, agent or representative
           thereof, or were relied upon by Dealer in entering into the
           Agreement. The Agreement terminates and supersedes, as of the
           execution thereof, all prior agreements relating to Acura Products,
           if any.

    11.3   Dealer hereby waives, abandons and relinquishes any and all claims of
           any kind and nature whatsoever arising from or out of or in
           connection with any prior agreement entered into between Dealer and
           American Honda; provided, however, that nothing herein contained
           shall be deemed a release or waiver of any claim arising out of prior
           sales of Acura Products by American Honda to Dealer.

    11.4   The Agreement is personal to the individuals identified as
           principals, owner(s), partners or shareholder(s) in Paragraph C.
           Neither the Agreement, nor any part hereof or any interest therein,
           may be transferred or assigned by Dealer, in whole or in part,
           directly or indirectly, voluntarily or by operation of law, without
           the prior written approval of American Honda. Any attempted transfer
           or assignment will be void and not binding upon American Honda.

    11.5   All notices, notifications or requests under or pursuant to the
           provisions of the Agreement will be directed to the address of the
           principal places of business of the respective parties to the
           Agreement. If either party cannot effect notice at the place of
           business of the other because a party has abandoned its place of
           business or refuses to accept notice, then, and only in such case,
           notice may be served on American Honda through its designated agent
           for service of process and upon Dealer through the Department of
           Motor Vehicles (or its equivalent) in the state where the Dealership
           Location is authorized by American Honda.

    11.6   The waiver by either party of any breach or violation of or default
           under any provision of the Agreement will not be a waiver by such
           party of any other provision or of any subsequent breach or violation
           thereof or default thereunder. The failure or delay of either party
           to take prompt action upon any breach or violation of the Agreement
           will not be deemed a waiver of the right to take action for such
           breach, default or violation at any time in the future.

                                       16

<PAGE>

    11.7   Dealer agrees to keep confidential and not disclose, directly or
           indirectly, any information which American Honda designates as
           confidential.

    11.8   The Agreement is and shall be deemed to have been entered into in
           California and shall be governed by and construed in accordance with
           the laws of the State of California.

    11.9   If any provision of this Agreement should be held invalid or
           unenforceable for any reason whatsoever or to conflict with any
           applicable law, the Agreement will be considered divisible as to such
           provisions, and such provisions will be deemed amended to comply with
           such law, or if it cannot be so amended without materially altering
           the tenor of the Agreement, then it will be deemed deleted from the
           Agreement in such jurisdiction, and in either case, the remainder of
           the Agreement will be valid and binding.

    11.10  The terms of the Agreement may not be modified except in writing
           signed by an authorized officer of the parties. Without limiting the
           generality of the foregoing, no course of dealing will serve to
           modify or alter the terms of the Agreement.

    11.11  Dealer is an independent business. The Agreement does not constitute
           Dealer the agent or legal representative of American Honda for any
           purpose whatsoever. Dealer is not granted any expressed or implied
           right or authority to assume or create any obligation on behalf of or
           in the name of American Honda or to bind American Honda in any
           manner or thing whatsoever. Dealer has paid no consideration for the
           Agreement. Neither the Agreement nor any right granted under it is a
           property right.

    11.12  The expiration or termination of the Agreement will not extinguish
           any claims American Honda may have for the collection of money or the
           enforcement of any obligations which may be in the nature of
           continuing obligations.

                                       17

<PAGE>

12. DEFINITIONS

    12.1   American Honda means American Honda Motor Co., Inc., a California
           corporation, and the Acura Automobile Division that markets Acura
           Automobiles.

    12.2   Dealer means the person, firm, corporation, partnership or other
           legal entity that signs the Agreement and each of the persons
           identified in Paragraph C.

    12.3   Dealer Manager means the principal manager of Dealer identified in
           Paragraph D upon whose personal service American Honda relies in
           entering into the Agreement.

    12.4   Dealer Owner means the owner(s) of Dealer identified in Paragraph C
           upon whose personal service American Honda relies in entering into
           the Agreement.

    12.5   Dealership Location means the location approved by American Honda for
           the purpose of conducting Dealership Operations.

    12.6   Dealership Operations means all operations contemplated by the
           Agreement. These operations include the sale and service of Acura
           Products, and any other activities undertaken by Dealer related to
           Acura Products, including rental and leasing operations, used car
           sales and body shop operations, and finance and insurance
           operations, whether conducted directly or indirectly by Dealer.

    12.7   Dealership Premises means the facilities provided by Dealer at its
           Dealership Location for the conduct of Dealership Operations as
           approved by American Honda.

    12.8   Acura Automobiles means such new passenger cars as are from time to
           time offered for sale by American Honda to Dealer for resale as part
           of the Acura automobile line as defined by American Honda.

    12.9   Acura Parts means parts, accessories and optional equipment marketed
           by American Honda for use with Acura Automobiles.

    12.10  Acura Products means Acura Automobiles and Acura Parts.

    12.11  Acura Trademarks means the various trademarks, service marks, names
           and designs which American Honda uses or is authorized to use in
           connection with Acura Products or services relating thereto.

    12.12  Primary Market Area means the geographical area designated for Dealer
           by American Honda from time to time.

    12.13  The Agreement means the Acura Automobile Dealer's Sales and Service
           Agreement and these Standard Provisions which are incorporated
           therein by reference.

                                       18<PAGE>
                                                                 EXHIBIT 10.2.16

                                 [PORSCHE LOGO]

                               AUTOMOBILE DEALER
                               SALES AND SERVICE
                                   AGREEMENT
<PAGE>
                                 [PORSCHE LOGO]

                           SALES AND SERVICE AGREEMENT

Parties and Date

Effective Date of Agreement, ____________________________________________2001

Between ________________________________________________________________________

Doing Business as ______________________________________________________________

located at _____________________________________________________________________

________________________________________________________________________________

A corporation in the state of _______________, partnership _________________ or
proprietorship __________; and Porsche Cars North America, Inc., a Delaware
corporation with its primary place of business at 980 Hammond Drive, Suite 1000,
Atlanta, Georgia 30328.

<PAGE>

Section I.  SPECIFIC TERMS

Porsche Cars N.A. Enters into this Agreement relying on the following Dealer
representations:

A)   The following individual(s) is the Dealer Principal:

<TABLE>
<CAPTION>
Name                          Home Address                             %Interest                     Title
----                          ------------                             ---------                     -----
<S>                        <C>                                        <C>                          <C>

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

---------------------------------------------------------------------------------------------------------------------
</TABLE>

B)   The following individual(s) has ownership in Dealer accounting for the
     entire remaining equity ("Owner(s)").

<TABLE>
<CAPTION>
Name                          Home Address                             %Interest                     Title
----                          ------------                             ---------                     -----
<S>                        <C>                                        <C>                          <C>

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

---------------------------------------------------------------------------------------------------------------------
</TABLE>

C)   The following person is the General Manager of the Dealer with managerial
     authority for Dealer operations and is responsible directly to (or is) the
     Dealer Principal:

<TABLE>
<CAPTION>
Name                          Home Address                                                           Title
----                          ------------                                                           -----
<S>                        <C>                                                                     <C>

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

---------------------------------------------------------------------------------------------------------------------
</TABLE>

D)   Dealer will conduct the sale and service of Porsche Products at the
     following address ("Dealership Location"):

Sales
     ---------------------------------------------------------------------------

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

Service
       -------------------------------------------------------------------------

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

                                       2

<PAGE>

E)   Porsche Cars N.A. Grants to Dealer the non-exclusive right to purchase
     Porsche Products from Porsche Cars N.A. For resale to consumers. Dealer
     accepts such grant and undertakes to apply its best efforts to the
     development of such resale. The Dealer's Primary Area of Responsibility is:

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

F)   Dealer acknowledges that Porsche Cars N.A. Will periodically establish
     minimum sales and service objectives based principally on the penetration
     of Porsche Products in the Primary Area of Responsibility and that
     performance against those objectives will be a critical feature of Sales
     and Service Reports.

G)   Dealer acknowledges that Porsche Cars N.A. Will periodically establish
     Dealer minimum operating standards deemed necessary to provide owners and
     potential owners of Porsche Products a level of total service commensurate
     with the reputation of Porsche Automobiles and to attain the sales and
     service objectives established

H)   This Agreement shall expire in accordance with its terms on the close of
     the last business day preceding the first anniversary of the Effective Date
     of Agreement unless terminated prior thereto in accordance with one or more
     of the terms of Section II. If, however, as of the expiration date, Porsche
     Cars North America, Inc. has not entered into a new and superseding Sales
     and Service Agreement with Dealer and if no notice to terminate the
     Agreement has been given pursuant to Section II, then, in that event, the
     Agreement will be extended one additional year so that it shall expire at
     the close of the last business day preceding the second anniversary of the
     Effective Date of Agreement unless terminated prior thereto in accordance
     with one or more of the terms of Section II.

I)   The terms and provisions of the Letter of Intent dated ___________ are
     incorporated herein as though set forth in full.

                                       3
<PAGE>

         In witness whereof, Porsche Cars N.A. And Dealer have executed this
Sales and Service Agreement with an effective date of Agreement as stated on the
Parties and Date page of this Agreement.

Porsche Cars North America, Inc.

Name:     Richard S. Ford            Name:
          --------------------------          ---------------------------------

Title:  Exec. Vice President & COO   Title: Dealer Principal
        ----------------------------        -----------------------------------

Signature:                           Signature:
          --------------------------           --------------------------------

Date:                                Date:
        ----------------------------        -----------------------------------

                                       4

<PAGE>

                                SALES AND SERVICE
                                   AGREEMENT

<PAGE>

                          SALES AND SERVICE AGREEMENT

<TABLE>
<CAPTION>

TABLE OF CONTENTS
-----------------
                                                            Section                   Part             Page
                                                            -------                   ----             ----
<S>                                                        <C>                       <C>             <C>

  Parties and Date                                                                                       i
  Table of Contents                                                                                     ii
  Definitions                                                                                            v
  Introduction                                                                                         vii
  SPECIFIC TERMS                                                 I                                       1
  Execution                                                      I                                       3
  GENERAL TERMS                                                 II                                       4
  SALE OF PORSCHE PRODUCTS                                      II                       I               4
  Sale of Automobile(s)                                         II                      IA               4
  Sale of Parts and Accessories                                 II                      IB               6
  Warranty                                                      II                      IC               6
  Delay of Orders or Shipments                                  II                      ID               7
  Discontinuance and Change                                     II                      IE               8
  DEALERSHIP REQUIREMENTS                                       II                      II               9
  Dealer Principal                                              II                     IIA               9
  Dealership                                                    II                     IIB               9
  Performance                                                   II                     IIC              10
  Assistance                                                    II                     IID              18
  Capital Standards                                             II                     IIE              19

</TABLE>

                                   -ii-

<PAGE>

<TABLE>
<CAPTION>
                                                             Section                   Part            Page
                                                             -------                   ----            ----
<S>                                                         <C>                       <C>             <C>

Records and Reports                                              II                     IIF             19
Trademarks                                                       II                     IIG             21
Additional Dealers                                               II                     IIH             22
SUCCESSOR DEALERS                                                II                     III             24
Rights of Porsche America                                        II                    IIIA             24
Death and Incapacity                                             II                    IIIB             24
Other Changes                                                    II                    IIIC             27
TERMINATION                                                      II                      IV             29
Termination of Agreement                                         II                     IVA             29
Post Termination                                                 II                     IVB             35
TRANSITION ASSISTANCE                                            II                       V             36
Porsche America's Obligation                                     II                      VA             36
Dealer Obligations                                               II                      VB             38
GENERAL PROVISIONS                                               II                      VI             40
No Agent Status                                                  II                     VIA             40
Dealer's Responsibility for
     Operations                                                  II                     VIB             40
Taxes                                                            II                     VIC             40
Indemnification                                                  II                     VID             40
Notices                                                          II                     VIE             42
No Implied Waiver                                                II                     VIF             42
Assignment of Rights                                             II                     VIG             43

</TABLE>

                                     -iii-

<PAGE>

<TABLE>
<CAPTION>

                                                                Section                 Part          Page
                                                                -------                 ----          ----
<S>                                                            <C>                     <C>           <C>

Accounts Payable                                                 II                    VIH             43
Applicable Law                                                   II                    VII             43
Sole Agreement of Parties                                        II                    VIJ             44
New and Superseding Agreements                                   II                    VIK             44
Possible Changes Due to State Law                                II                    VIL             45
</TABLE>

                                      -iv-

<PAGE>

Definitions

         The following words and phrases when used in the Agreement will be
defined as follows:

Agreement - the Sales and Service Agreement between Porsche America and Dealer,
including all related addenda, Price Schedules and Sales Bulletins.

Automobile(s) - current model types or series of new automobiles manufactured or
marketed by Porsche AG as a Porsche automobile and listed in the Automobile(s)
Addendum.

Dealer - the corporation, partnership, or proprietorship executing the Sales and
Service Agreement.

Dealer Principal - The person or persons identified in this Agreement as the
principal owner-manager of the Dealer who owns an unencumbered ownership
interest of at least twenty-five percent (25%) in the Dealer, who has full
operating authority to conduct all dealership business, and upon whose personal
services Porsche America relies as a condition for executing the Sales and
Service Agreement. If more than one person is identified in this Agreement as a
Dealer Principal, each person must have full operating authority to conduct all
dealership business and an unencumbered ownership interest of at least
twenty-five (25%) in the Dealer.

General Manager - The person identified in this Agreement as having general, but
not primary, authority for Dealership Operations and who is responsible directly
to (or is) the Dealer Principal.

                                      -v-

<PAGE>

Manufacturer - Dr. Ing. h. c. F. Porsche Aktiengesellscnaft ("Porsche AG"),
Federal Republic of Germany.

Parts and Accessories - new or remanufactured parts and accessories marketed by
Porsche America and listed in current Price Schedules or Sales Bulletins.

Policies and Procedures Manual - bulletins, letters and notices which relate to
the selling and servicing of Porsche Products by Dealer which are periodically
furnished by Porsche America.

Porsche America - Porsche Cars North America, Inc., the sole importer and
distributor of Porsche Products in the United States.

Porsche Product(s) - Automobiles and new or remanufactured parts and accessories
marketed by Porsche America and listed in current Price Schedules.

Price Schedules or Sale Bulletins - schedules, notices and bulletins published
periodically by Porsche America establishing prices and other terms and
conditions of sale for Porsche Products as well as suggested prices of such
products resold at retail or otherwise.

Primary Area of Responsibility - non-exclusive geographic area assigned to
Dealer by Porsche America for the sale and service of Porsche Products.

Sales and Service Evaluation Reports - performance evaluation reports of Dealer
sales and service of Porsche Products by Porsche America.

                                      -vi-

<PAGE>

SECTION II GENERAL TERMS

                       PART I - SALE OF PORSCHE PRODUCTS

A. Sale of Automobile(s) to Dealer

         Orders for Automobile(s) from the Automobile(s) Addendum will be
submitted and processed in accordance with procedures established by Porsche
America.

         Porsche America will endeavor to distribute Automobile(s) among Dealers
in a fair and equitable manner that reflects the potential market within the
Primary Area of Responsibility. Porsche America will provide Dealer an
explanation of the method used to distribute Automobiles.

         There are numerous other factors which affect the availability of
Automobile(s) to Porsche America and their distribution to Dealers. Among those
factors are component availability and production capacity, varying consumer
demand, weather and transportation conditions, and government regulations such
as emissions control, noise and fuel economy requirements. Since all such
factors affect individual Dealer orders, Porsche America necessarily reserves to
itself discretion in accepting orders and distributing products, and its
judgment and decisions in such matters shall be final.

         Dealer orders for Automobile(s) are not binding until accepted by
Porsche America and may be cancelled in accordance with the Policies and
Procedures manual.

                                      -4-
<PAGE>

         Dealer orders for Automobile(s) that in the opinion of the Porsche
America have limited marketability, for example, because they differ from
Porsche America's standard specifications or incorporate special paint and/or
equipment may not be cancelled without Porsche America's prior written consent.

         Porsche America may install any equipment or accessories required by
law on any Automobile ordered by Dealer whether or not such items are included
in Dealer's order.

         Prices and other terms of sale applicable to the purchase of
Automobile(s) will be those established by Porsche America and published
periodically in Price Schedules or Sales Bulletins. Except as otherwise provided
by Porsche America in writing, all such prices and other terms will apply to
Automobile(s) not shipped at the time any change is made effective.

         Porsche America will select the shipping locations and the modes of
transportation for delivery of Automobile(s) to Dealer and will be responsible
to carriers for all charges.

         Porsche America will deliver Automobile(s) to Dealer's authorized sales
location unless Porsche America decides that another reasonable delivery point
is necessary.

         Dealer's claims for loss or damage to Automobile(s) while in the
possession of a carrier must be submitted to Porsche America in accordance with
the provisions of the Policies and Procedures Manual.

                                      -5-

<PAGE>

         Dealer agrees to notify Porsche America if any new and unused
Automobile(s) in Dealer's possession should for any reason be substantially
damaged. Porsche America shall have the option to repurchase all or any of such
Automobile(s) at a price equal to their net purchase price paid to Porsche
America. Dealer agrees to assign its rights under any insurance contract related
to the repurchased Automobile(s) to Porsche America. Porsche America shall make
appropriate payment for repurchased vehicles directly to any lien holder.

B.  Sale of Parts and Accessories to Dealer

         Orders for Parts and Accessories will be submitted and processed in
accordance with procedures established by Porsche America.

         Prices and other terms of sale applicable to Parts and Accessories will
be those established by Porsche America and published periodically in Price
Schedules or Sales Bulletins.

         Except as otherwise provided by Porsche America in writing, all such
prices and other terms will apply to Parts and Accessories not shipped at the
time any change is made effective.

C.  Warranty

         Porsche America warrants new Porsche Products to retail owners as set
forth in documents containing those warranties that are provided with the
Porsche Products or as set forth in the Policies and Procedures Manual, and
Dealer

                                      -6-
<PAGE>

will hold Porsche America harmless from any and all warranty related claims
arising out of Dealer's failure to comply with the requirements of said Policies
and Procedures Manual.

         Except as otherwise provided by law, the written Porsche America
warranties are the only warranties applicable to new Porsche Products. WITH
RESPECT TO DEALERS, SUCH WARRANTIES ARE IN LIEU OF ALL OTHER WARRANTIES OR
LIABILITIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY LIABILITY FOR
COMMERCIAL LOSSES BASED UPON NEGLIGENCE OR MANUFACTURER'S STRICT LIABILITY,
EXCEPT AS MAY BE PROVIDED UNDER AN ESTABLISHED PORSCHE AMERICA PROGRAM OR
PROCEDURE. PORSCHE AMERICA NEITHER ASSUMES NOR AUTHORIZES ANYONE TO ASSUME FOR
IT ANY OTHER OBLIGATION OR LIABILITY IN CONNECTION WITH PORSCHE PRODUCTS, AND
PORSCHE AMERICA'S MAXIMUM LIABILITY IS TO REPAIR OR REPLACE THE PORSCHE PRODUCT.

D.  Delay of Orders or Shipments

         Dealer will not be liable for any delay or failure to accept delivery
and Porsche America will not be liable for any delay or failure to deliver
Porsche Products where such delay or failure is caused, in whole or in part, by:

         1)    any strike or labor trouble in Dealer's establishment or in the
               plants of Manufacturer or its suppliers;

                                      -7-

<PAGE>

         2)    any shortage or curtailment of utilities, materials,
               transportation or labor or any shortage of or damage to
               production facilities;

         3)    any act of government, including the enactment of laws or
               regulations or issuance of judicial or administrative injunctions
               or orders;

         4)    any curtailment of production due to economic conditions; or any
               discontinuance of sale by Porsche America; or

         5)    any cause beyond the control of dealer or Porsche America.

         If any Porsche Products ordered by Dealer are diverted or returned
because of Dealer's unexcused delay or failure to accept delivery, Dealer will
pay any additional costs incurred by Porsche America as a result of such
diversion.

E.  Discontinuance and Change

Manufacturer and Porsche America may discontinue any line of Porsche Product, or
change the design or specifications of any Porsche Product or item of optional
equipment at any time without notice and without incurring any obligation to
Dealer.

                                       -8-
<PAGE>
                        PART II - DEALERSHIP REQUIREMENTS

A. Dealer Principal

         It is the responsibility of each Dealer Principal to provide personal
services by exercising managerial authority over Dealer's conduct of the
operations contemplated by this Agreement ("Dealership Operations"). Dealership
Operations include the sale and service of Porsche Products and any other
activities undertaken by Dealer related to Porsche Products, including rental
and leasing operations, used car sales and body shop operations and finance and
insurance operations, whether conducted directly or indirectly by Dealer.

         Dealer's success is dependent upon its effectiveness in selling and
servicing Porsche Products and in conducting Dealership Operations. Such
effectiveness is ultimately dependent upon the Dealer Principal who must assume
full and complete managerial authority and responsibility for all Dealership
Operations and who should be a competent business person, an effective manager
and an experienced merchandiser of quality automotive products and service.

B. Dealership

         Dealer shall provide facilities at the Dealership Location set forth in
Section I that will enable Dealer to effectively perform and conduct its
Dealership Operations. The Dealership facilities shall be satisfactory as to
appearance

                                      -9-

<PAGE>

and layout, properly equipped for the conduct of the Dealership Operations and
in accordance with the operating standards established periodically by Porsche
America.

         Dealer will conduct the Dealership Operations only from the Dealership
Location and will not, either directly or indirectly, establish any place of
business for the conduct of any of its Dealership Operations except at the
Dealership Location.

         If the facility is not all at the same location, Dealer shall not
utilize any separate portion of the facility for the conduct of any Dealership
Operations other than as specified in Section I.

         If Dealer desires to make any changes in the Dealership Location or in
the uses or purposes of any of the facility, Dealer agrees to give Porsche
America prior written notice so Porsche America can review the effect of the
proposed change with Dealer. No change in Dealership Location or in the use of
the Dealership facilities in Dealership Operations will be made without the
written approval of Porsche America.

         Dealer will install and maintain in appropriate places at the facility
product and service signs approved by Porsche America and such other signs as
Porsche America and Dealer agree are appropriate to advertise the Dealership
Operations.

C. Performance

         Dealer is responsible for actively and effectively promoting, through
Dealer's own advertising and sales promotion

                                      -10-

<PAGE>
                                     Posche

activities, the purchase and use of Porsche Products by customers located in the
Primary Area of Responsibility. Dealer will provide prompt, efficient, courteous
and quality service to owners and users of Porsche Products, when requested,
regardless of where the vehicles were purchased. All service will be performed
in a workmanlike manner and in accordance with the Policies and Procedures
Manual.

                  I) Sales Obligations

                  Dealer will:

                         (a) maintain an adequate force of trained sales
                             personnel qualified to sell Porsche Products;

                         (b) maintain a high Standard of ethical advertising and
                             sales activities in promoting its Dealership
                             Operations;

                         (c) explain to purchasers of Porsche Products the items
                             which make up the purchase price, and give them
                             itemized invoices and any other information
                             required by law;

                         (d) refrain from making any misleading statements
                             concerning the nature or amount of items making up
                             the total selling price of an Automobile;

                         (e) refrain from charging customers for any services
                             for which Dealer is reimbursed by Porsche America
                             without disclosing that reimbursement; and

                                      -11-

<PAGE>

                         (f) refrain from including in any customer order
                             equipment or accessories not requested by the
                             customer unless such item is required by law.

         Should Dealer install any part or accessory on an Automobile that is
not a Porsche Product, Dealer will disclose this fact to the purchaser of the
Automobile (or service thereof) and will, before installation, advise the
purchaser in writing that the item is not warranted by Porsche America. Dealer
will, in addition, include such written disclosure in the bills of sale and/or
receipts involved in such transactions.

         2) Sales Evaluation

         Sales and Service Evaluation Reports will be periodically prepared by
Porsche America and will be furnished to and discussed with Dealer so that
Dealer may take appropriate and prompt action necessary to achieve satisfactory
sales performance. Any written comments on a Sales and Service Evaluation Report
received from Dealer will become a part of the Report.

         Dealer's sales performance will be evaluated by Porsche America on the
basis of sales effectiveness and the relationship of Dealer's actual sales of
Automobile(s) to the number of sales necessary to achieve the established
penetration level objectives within the Primary Area of Responsibility.

                                      -12-

<PAGE>

         In addition, the Sales and Service Evaluation Report will consider
other relevant factors including:

                         (a) the trend over a reasonable period of time of
                             Dealer's sales performance;

                         (b) the manner in which Dealer has conducted the sales
                             operations, including advertising, sales promotion
                             and treatment of purchasers.

                         (c) sales to lease customers if they have affected
                             registrations within the Primary Area of
                             Responsibility;

                         (d) the manner in which Dealer has submitted orders for
                             Automobile(s) to Porsche America;

                         (e) the availability of Automobile(s) to Dealer; and

                         (f) significant local conditions that may have directly
                             affected Dealer's performance.

         If in some cases relevant information is not available, Porsche America
may rely on other data which it reasonably believes best depicts the volume of
retail purchases of Automobile(s) by customers located in the Primary Area of
Responsibility.

         3) Dealer Service Obligations

            (a) Automobile Pre-Delivery Inspections and Adjustments

                                      -13-

<PAGE>

                             Pre-delivery inspections and adjustments will be
                             performed by Dealer on each Automobile prior to
                             delivery. The completion of inspections and
                             adjustments on each Automobile will be verified on
                             forms provided by Porsche America, one copy of
                             which will be retained in Dealer's file and a
                             second copy or which will be furnished to the
                             purchaser.

                             Any required campaign inspections and corrections
                             will also be made at time of pre-delivery service.

                         (b) Warranty Repairs and Special Policy Adjustments

                             Dealer will perform required warranty repairs on
                             each Automobile at the time of pre-delivery service
                             and when requested by the owner, as well as special
                             policy adjustments that are approved by Porsche
                             America. Dealer will provide each owner for whom
                             repairs or adjustments are performed a copy of the
                             repair order reflecting all services performed.

                         (c) Campaign Inspections and Corrections

                             Campaign inspections and corrections may be
                             directed by Porsche America to find and

                                      -14-

<PAGE>

                             correct suspected unsatisfactory conditions,
                             including conditions affected by safety, emissions,
                             noise and fuel economy regulations. Dealer will
                             perform campaign inspections and corrections on
                             Porsche Products that qualify therefor. Dealer will
                             also determine whether campaign inspections and
                             corrections have been made on used Automobile(s) in
                             its inventory and arrange for their performance, if
                             necessary, prior to resale of the used Automobile.

                         (d) Payment for Pre-Delivery, Warranty and Campaign
                             Work

                             For Dealer's performance of pre-delivery
                             inspections and adjustments, warranty repairs,
                             special policy adjustments, and campaign
                             inspections and corrections, Porsche America will
                             reimburse Dealer at reasonable rates to be
                             specified by Porsche America from time to time.
                             Dealer's performance of such work shall be in
                             accordance with the Policies and Procedures Manual.
                             Dealer will perform warranty repairs, special
                             policy adjustments, and Campaign inspections and
                             corrections using

                                      -15-
<PAGE>

                             only Parts and Accessories as defined in this
                             Agreement.

                         (e) Service operations of Dealer

                             Dealer will maintain a service and parts
                             organization substantially in accordance with the
                             Policies and Procedures Manual and will have a
                             competent, trained service manager and parts
                             manager, trained Porsche qualified service and
                             parts personnel, and where service volume or other
                             conditions make it advisable, a consumer relations
                             manager.

                         (f) Dealer will provide adequate service equipment and
                             such special and essential tools as are required by
                             Dealer to fulfill its responsibilities for service
                             in accordance with the recommendations of Porsche
                             America.

                         (g) Dealer will stock sufficient Parts and Accessories
                             to meet customer demand and to perform warranty
                             repairs and special policy adjustments in a timely
                             and workmanlike manner.

                         (h) Dealer and Porsche America recognize that owners
                             and users of Automobile(s) may

                                      -16-

<PAGE>

                             reasonably expect that parts and accessories sold
                             at retail or used by Dealer in servicing
                             Automobile(s) are Parts and Accessories. Dealer
                             will not represent parts or accessories not
                             marketed by Porsche America as Porsche-authorized
                             Parts or Accessories.

                         (i) Dealer and Porsche America will each provide the
                             other with such information and assistance as may
                             reasonably be requested by the other to facilitate
                             compliance with government laws, regulations and
                             orders relating to Porsche Products, including
                             laws, regulations and orders relating to fuel
                             economy, safety, emissions, noise and
                             damageability.

                         (j) Dealer will endeavor to build and maintain consumer
                             confidence in dealer and Porsche America. Dealer
                             will comply with procedures developed by Porsche
                             America for the investigation and handling of
                             complaints relating to Automobile(s).

         4) Dealer Service Evaluation

         Sales and Service Evaluation Reports will be periodically prepared by
Porsche America and will be furnished

                                      -17-

<PAGE>

to and discussed with Dealer so that Dealer may take the appropriate and prompt
action necessary to achieve satisfactory service performance. Any written
comments on a Sales and Service Evaluation Report received from Dealer will
become a part of the Report.

         Porsche America's review of Dealer's performance will focus on Dealer's
responsibilities for service in areas such as consumer satisfaction, premises,
service management and operating procedures, personnel, Automobile pre-delivery
service, parts operation, and shop tools and equipment.

D. Porsche America Assistance

         Porsche America will make available to Dealer general and specialized
sales, service and parts training courses for Dealer personnel. Dealer agrees to
have members of its organization attend such courses. Porsche America shall not
be responsible for any compensation payable to Dealer's personnel while
attending such courses or for related travel and living costs.

         Porsche America will make copies of its current service and parts
manuals, bulletins, and technical data publications relating to Automobile(s)
available to Dealer.

         Porsche America will maintain field personnel to advise and counsel
Dealer personnel on sales, service, parts and accessories and related subjects,
including inventory control, owner complaints, technical service problems,
service

                                      -18-

<PAGE>
and parts merchandising, personnel training, and service and parts management.

         Porsche America will conduct general advertising programs to promote
the sale of Automobile(s) for the mutual benefit of Porsche America and Dealers.

         Porsche America will make available to Dealer advertising and sales
promotion materials from time to time and will inform Dealer of any applicable
charges.

E. Capital Standards and Credit Lines

         Porsche America and Dealer will agree upon minimum net working capital
necessary to conduct the Dealership Operations and such written agreement shall
be an Addendum to this Agreement. Dealer and Porsche America will execute a new
Addendum it changes in operating conditions or Porsche America guidelines
indicate capital needs have changed materially.

         Dealer will maintain for the duration of this Agreement a line of
credit with a responsible financing institution sufficient to support the
purchase from Porsche America of a 45 day supply of Automobile(s) based on the
currently established sales objectives for the Primary Area of Responsibility.

F. Records and Reports

         So that information provided by Dealer is accurate and comprehensible,
Dealer will maintain a uniform accounting system that is consistent with
industry practice. By the 10th

                                      -19-

<PAGE>
working day following the close of each month, Dealer will furnish Porsche
America, in a manner established by Porsche America, a complete and accurate
financial statement and such additional Porsche Product and related service data
as Porsche America may require.

         Dealer shall maintain complete and up-to-date records covering its
sales and service of Automobile(s), including records in support of lease and
retail orders, applications any payment or credit by Porsche America and
transportation claims. Such records will be prepared and maintained in
accordance with the Policies and Procedures Manual and will be retained for at
least two years. Dealer will, at its expense, acquire or maintain Porsche
America specified electronic data processing hardware and application programs
necessary to store and transmit business data between the Dealer and Porsche
America.

         Estimates of Dealer's requirements for Automobile(s) will be furnished
by Dealer for such periods as requested by Porsche America.

         Dealer will furnish Porsche America with accurate information covering
Dealer's sale of Automobile(s) and/or transfers to other Dealers. The
information shall be furnished in a manner and at times prescribed by Porsche
America.

         Any designated representative of Porsche America is authorized to
examine, audit, reproduce and take copies of any

                                      -20-

<PAGE>
of the accounts and records required to be maintained by Dealer under this
Agreement. Examinations and audits must be conducted during regular business
hours. Dealers will be furnished a list of any reproduced records upon request.

         Porsche America and Dealer agree that Dealer's records are confidential
in nature. Porsche America will not furnish any data submitted to it by Dealer
to any third party unless authorized by Dealer or required by law or unless
pertinent to judicial or government administrative proceedings.

G. Trademarks.

         Porsche America or its affiliated companies are the exclusive owners of
the various trademarks, service marks, tradenames and designs which they use in
connection with Porsche Products ("Marks").

         Dealer is granted the non-exclusive right of displaying the Marks in
the conduct of its Dealership Operations.

         The marks may be used as part of the name under which Dealer's business
is conducted only with the express written approval of Porsche America.

         Dealer will change or discontinue the use of any Marks upon request.

         No company owned by or affiliated with Dealer or any of its owners may
use any Marks or product name without Porsche America's written permission.

                                      -21-

<PAGE>

         Upon termination of this Agreement, Dealer will immediately discontinue
or cause to be discontinued, at its expense, all use of Marks. Thereafter,
Dealer will not use, either directly or indirectly, any Marks or any other
confusingly similar marks in a manner likely to cause confusion or mistake or to
deceive the public. Failure of Porsche America and Dealer to complete the
purchase of signs as provided in this Agreement will not relieve Dealer of its
obligation to discontinue the use of Marks on the signs.

         Dealer will reimburse Porsche America for all legal fees and other
expenses incurred in connection with legal action to require Dealer to comply
with this Part II.G.

H. Establishment of Additional Dealers

         Porsche America reserves the right to appoint additional Dealers. This
right will not be exercised without making a survey of marketing factors in the
area of a possible new dealership location. Dealers within the proposed primary
area of responsibility will be notified at least 30 days in advance of a pending
appointment of a new Dealer so that their concerns, if any, can be evaluated and
so that Dealer may have an opportunity to present relevant information for
Porsche America's consideration before a final decision is made.

         Notwithstanding any other provision of this Agreement, the final
decision whether to establish an additional Dealer shall be made by Porsche
America solely pursuant to its own

                                      -22-

<PAGE>
business judgement and nothing in this Agreement shall be construed to require
Dealer's consent to the establishment of an additional dealer.

                                      -23-

<PAGE>

                 PART III -- SUCCESSOR AND REPLACEMENT DEALERS

A. Rights of Porsche America

         The parties recognize that Automobile(s) are marketed through a system
of Dealers developed by Porsche America and that customers and Dealers as well
as shareholders and employees of Porsche America, have a vital interest in the
preservation and efficient operation of the system. Porsche America has the
responsibility of continuing to administer the system and selecting the most
suitable dealer candidate in each circumstance.

         Accordingly, Porsche America has the right to select each successor and
replacement dealer and to approve its owners and principal management and the
location of its dealership facilities. Porsche America shall perform such
responsibility on the basis of evaluating each candidate's qualifications and
proposal for the conduct of dealership operations against the standards set
forth in this Agreement.

B. Succession Rights Upon Death or Incapacity

         It this Agreement expires or is terminated because of death or
incapacity of a Dealer Principal and Dealer and Porsche America have not
executed a Successor Addendum, the remaining Dealer Principal(s) may propose a
successor dealer entity to continue the Dealership Operations at the Dealership
Location. The proposal must be made at least thirty (30) days

                                      -24-

<PAGE>

before the termination notice period has expired by submitting a written
proposal to Porsche America naming a remaining Dealer Principal as the Dealer
Principal.

         Porsche America will give first consideration to, and will not
arbitrarily refuse to accept, a proposal to establish a successor dealer
submitted by a proposed dealer principal under this Part provided:

         1)    the proposed successor dealer and the proposed dealer principal
               are ready, willing and able to comply at an approved location
               with the requirements of a new dealer agreement;

         2)    Porsche America approves all proposed owners and general managers
               not previously approved in connection with the existing
               Dealership Operations; and

         3)    the proposed dealer principal will own an unencumbered ownership
               interest of at least twenty-five percent in the proposed dealer.

         The proposal will be accepted by Porsche America if it does not
introduce new owners or if any proposed new owners are acceptable to Porsche
America.

         Upon request, Porsche America will execute with Dealer a Successor
Addendum designating proposed dealer principals and/or owners of a successor
dealer to be established it this Agreement is terminated because of death or
incapacity of a

                                      -25-
<PAGE>
Dealer Principal. The request must be executed by all Owners, including all
Dealer Principals, and be submitted on Porsche America forms prior to such death
or incapacity. To be named in the Successor Addendum, a proposed dealer
principal must be either a Dealer Principal of Dealer or a person who is a
competent business manager, an effective manager and an experienced merchandiser
of quality automotive products and service and will continue to be employed on a
full time basis by, and is being trained to assume a management position with,
Dealer or a comparable automotive dealership. Any proposed owner or dealer
principal must be acceptable to Porsche America.

         Dealer may cancel an executed Successor Addendum by written notice to
Porsche America provided notice is received by Porsche America before the death
or incapacity of any of Dealer's Owners or Principals. Porsche America may not
cancel a Successor Addendum, but in the event of a change in the circumstances
of the proposed Successor Principal or Owner which, in the reasonable opinion of
Porsche America, disqualifies the proposed Successor, Porsche America will
promptly notify Dealer that the proposed Successor is no longer acceptable. The
parties may execute a new and superseding Successor Addendum by mutual
agreement. No Successor Addendum may be cancelled by Porsche America after the
death or incapacity of any of Dealer's Principals. Any person named in a
Successor Addendum in effect on the date of the death or

                                      -26-
<PAGE>
incapacity of any Dealer Principal or Owner to which it has reference shall be
deemed an acceptable successor Dealer Principal or Owner for purposes of this
Part III.

         The term of the dealer agreement offered a successor dealer will be
five years if the dealer principal of the successor dealer is currently a dealer
principal of a Dealer.

         In all other cases, the successor dealer will be offered a two year
agreement, and the successor provisions of this Part will not apply to that
agreement. Porsche America will notify the successor dealer in writing at least
three months prior to the expiration of the two year term whether the successor
Dealer and its Dealer Principal have performed satisfactorily, and, if so, that
Porsche America will offer the successor Dealer a regular Sales and Service
Agreement.

         Porsche America's offer of a new Sales and Service Agreement made
pursuant to this Part will automatically expire if not accepted by the successor
dealer within one month after it receives the offer.

C. Other Changes

         In order for Porsche America to effectively perform its responsibility
to administer the Dealer system, Dealer agrees to give Porsche America prior
written notice of any proposed change in its Dealer Principal(s) or ownership or
any proposed disposition of its principal assets. In turn, Porsche America
agrees to consider Dealer's proposal under the

                                      -27-

<PAGE>
standards identified in Section I and not to arbitrarily refuse to agree to such
proposal. In determining whether the proposal is acceptable to it, Porsche
America will take into account the qualifications, personal and business
reputation and financial standing of the proposed dealer principal and owners,
as well as Porsche America's interest in providing sales and service of Porsche
Products in a manner that will best serve the interest of owners and potential
owners of Porsche Products.

         Dealer shall be notified in writing of Porsche America's agreement or
disagreement to Dealer's proposal within sixty days after Dealer has furnished
all applications and information reasonably requested by Porsche America to
evaluate such proposals. Dealer acknowledges that the occurrence of any such
change or disposition without prior written agreement by Porsche America is
cause for termination of this Dealer Agreement.

         It Porsche America plans to relocate Dealer to another location,
Porsche America may offer a new Sales and Service Agreement to the proposed
successor dealer, subject to the condition that its dealership operations will
be relocated within a reasonable time to another dealership location and
acceptable facility as approved by Porsche America.

         Any material change in Dealer's proposal, including any change in price
or in proposed ownership or management of a replacement dealer, shall be treated
as a new proposal for purposes of this Part.

                                      -28-

<PAGE>
                             PART IV -- TERMINATION

A. Termination of Agreement

         1) By Dealer

         Dealer may terminate this Agreement by written notice to Porsche
America. Termination will be effective thirty (30) days after Porsche America's
receipt of the notice unless otherwise mutually agreed in writing.

         2) By Porsche America Due to Certain Acts or Events

         Each of the following represents an act or event that is within the
control of Dealer or originates from action taken by Dealer or its management or
owners and which is so contrary to the spirit and objectives of this Agreement
as to warrant termination of this Agreement:

         (a)   The removal, resignation, withdrawal or elimination from Dealer
               for any reason of any Dealer Principal or Dealer owner without
               the prior written approval of Porsche America.

         (b)   Any misrepresentation to Porsche America by Dealer or by any
               Dealer Principal or owner in applying for this Agreement or as to
               the record or beneficial ownership or management of Dealer.

         (c)   Any attempted or actual sale, transfer or assignment by Dealer of
               this Agreement or any of the rights granted dealer hereunder or
               any attempted or actual transfer, assignment or

                                      -29-

<PAGE>

               delegation by Dealer of any of the responsibilities assumed by it
               under this Agreement without the prior written approval of
               Porsche America.

         (d)   Any change, whether voluntary or involuntary, for causes other
               than death or incapacity, in the ownership of Dealer as set forth
               in Section I without the prior written approval of Porsche
               America.

         (e)   The appointment of a new general manager of Dealer without the
               prior written approval of Porsche America, which approval will
               not unreasonably be withheld.

         (f)   Any undertaking by Dealer or any of its owners to conduct, either
               directly or indirectly, any of the Dealership Operations at any
               unapproved location.

         (g)   Any sale or other transfer, by operation of law or otherwise, or
               any relinquishment or discontinuance of use by Dealer, of any of
               the Dealership facilities or other principal assets required in
               the conduct of the Dealership Operations, without the prior
               written approval of Porsche America.

                                      -30-

<PAGE>

         (h)   Any dispute or disagreement between or among the owners or
               management personnel of Dealer which, in the opinion of Porsche
               America, may adversely affect the Dealership Operations or the
               interests of Dealer or Porsche America.

         (i)   Insolvency of Dealer; filing of a voluntary petition in
               bankruptcy by Dealer; filing of a petition to have Dealer
               declared Bankrupt or appointment of a receiver or trustee for
               Dealer, provided such filing or appointment is not vacated within
               one month; a or execution by Dealer of an assignment for the
               benefit of creditors or any foreclosure or other due process of
               law whereby a third party acquires rights to the operation,
               ownership or assets of Dealer.

         (j)   Failure of Dealer to conduct its customary sales and service
               operations during its customary business hours for seven
               consecutive business days except for Acts of God or labor unrest.

         (k)   Conviction in a court of original jurisdiction of Dealer or any
               Dealer Principal, general manager, or Owner of Dealer of any
               crime which is punishable by imprisonment; or any finding by a
               government agency or court of original jurisdiction that Dealer
               had committed any unfair

                                      -31-

<PAGE>

               business practice which, in the opinion of Porsche America, may
               adversely affect the reputation or interests of Dealer or Porsche
               America.

         (l)   Submission by Dealer of false applications or claims for any
               payment, credit, discount or allowance or of false orders for
               Porsche Products or reports of delivery or transfer of Porsche
               Products if such application, claims, orders or reports are
               fraudulent or part of a pattern of false applications, claims,
               orders or reports, whether or not Dealer offers or makes
               restitution.

         (m)   Refusal by Dealer to timely furnish sales or financial
               information and other requested relevant data, or to permit
               Porsche America to make an examination or audit of Dealer's
               accounts and records, provided such failure or refusal continues
               after receipt by Dealer from Porsche America of a written request
               for such information or permission.

         (n)   Willful failure of Dealer to comply with the provisions of any
               laws or governmental regulations relating to the sale or service
               of Porsche Products.

                                      -32-

<PAGE>

               When Porsche American learns that any of the foregoing acts or
               events has occurred, Porsche America will endeavor to discuss it
               with Dealer. Thereafter, Porsche America may terminate this
               Agreement by giving Dealer written notice of termination. Subject
               to applicable state law, such termination will be effective upon
               receipt by Dealer of such notice or at such later date as may be
               specified in the notice.

         3) By Porsche America For Failure of Performance by Dealer

         If Porsche America determines that Dealer has failed to provide
adequate facilities, or to adequately perform its sales or service
responsibilities, Porsche America will review such failure with Dealer.

         As soon as practicable thereafter, Porsche America will notify Dealer
in writing of the nature of Dealer's failure of performance and of the
reasonable period of time during which Dealer will be expected to remedy such
failure.

         If such failure has not been remedied at the expiration of the period,
Porsche America may terminate this Agreement by giving Dealer ninety (90) days
advance written notice.

                                      -33-
<PAGE>

         4) By Porsche America Due to Incapacity of Dealer Principal

         Because of the personal service nature of this Agreement, Porsche
America may terminate this Agreement by written notice to Dealer if Dealer
Principal is so physically or mentally incapacitated that the Dealer Principal
is unable to actively exercise full managerial authority. The effective date of
termination will be stated in such written notice and will be not less than
ninety (90) days after receipt of such notice.

         5) By Porsche America or Dealer

         If Porsche America or Dealer fails to secure or maintain any license
required for the performance of its obligations under this Agreement, or such
license is suspended or revoked, irrespective of the cause, either party may
immediately terminate this Agreement by giving the other party written notice.

         If the agreement pursuant to which Porsche America has the right to
purchase, import and distribute Porsche Products should expire or otherwise
terminate, then Porsche America may immediately terminate this Agreement by
giving Dealer written notice.

         6) By Mutual Agreement

         This Agreement may be terminated at any time by written agreement
between Porsche America and Dealer. The

                                      -34-

<PAGE>

provisions of Part V relating to transition assistance will be applicable only
to the extent set forth in the written termination agreement.

B. Transaction After Termination

         If Dealer and Porsche America do not enter into a new Sales and Service
Agreement when this Agreement expires or is terminated, all of Dealer's
outstanding orders for Porsche Products will be automatically cancelled.
However, Porsche America will exert its best efforts to fill previously accepted
bonafide retail customer orders of Dealer on hand on the effective date of
termination, not to exceed the average of the last three months Automobile
sales.

         Termination of this Agreement will not release Dealer or Porsche
America from the obligation to pay any amounts owing the other or from any
warranty rights or obligations.

         Neither Porsche America's sale of Porsche America Products to Dealer
nor any other act by Porsche America or Dealer after termination of this
Agreement will be construed as a waiver of the termination.

                                      -35-
<PAGE>

                        PART V -- TRANSITION ASSISTANCE

A. Porsche America's obligation

         If this Agreement is scheduled to expire or terminate because of the
death or incapacity of a Dealer Principal or death of a Dealer owner and Dealer
requests an extension of the effective date of expiration or termination thirty
days prior to such date, Porsche America will defer the effective date for up to
thirteen months after such death or incapacity in order to assist Dealer in
winding up its Dealership Operations.

         If this Agreement expires or is terminated by either party and Porsche
America does not offer Dealer or any replacement dealer that has substantially
the same ownership a new Sales and Service Agreement, Porsche America will
purchase the following items of personal property ("Eligible Items") from Dealer
at the prices indicated:

         a)    New and unused Automobile(s) of the current model year purchased
               by Dealer from Porsche America, at a price equal to the net
               prices and charges that were paid to Porsche America.

         b)    Any signs owned by Dealer of a type recommended in writing by
               Porsche America and bearing any Marks at a price agreed upon by
               Porsche America and Dealer. If Porsche America and Dealer cannot
               agree on a price, they will select a third party who will set the
               price.

                                      -36-

<PAGE>
                         (c) Any special tools recommended by Porsche America
                             and designed specifically for service of any
                             Porsche Products that were offered for sale by
                             Porsche America during the three years preceding
                             termination, at prices established in accordance
                             with the applicable pricing formula in the Policies
                             and Procedures Manual.

                         d)  Unused and undamaged Parts and Accessories that are
                             still in the original, resaleable merchandising
                             packages and in unbroken lots, that are listed for
                             sale in the then-current Price Schedules or
                             Bulletins and were purchased by Dealer either
                             directly from Porsche America or from an outgoing
                             Dealer as a part of Dealer's initial Parts and
                             Accessories inventory. The prices for such Parts
                             and Accessories will be Porsche America dealer
                             prices in effect at the time such Parts and
                             Accessories are received by Porsche America, less
                             any applicable allowances whether or not any such
                             allowances were made to Dealer when the Parts and
                             Accessories were purchased by Dealer, plus five
                             percent of dealer price for packing costs, plus
                             reimbursement for transportation charges to the
                             destination specified by Porsche America.

                                      -37-

<PAGE>

B. Dealer Obligations

         Porsche America's obligation to purchase Eligible Items is subject to
Dealer fulfilling its responsibility under this Part. Within fifteen days
following the effective date of termination or expiration of this Agreement,
Dealer will furnish Porsche America with a list of vehicle identification
numbers and such other information as Porsche America may request pertaining to
Automobile Eligible Items to be purchased by Porsche America. Dealer will
deliver all such Eligible Items to a designation determined by Porsche America
that will be in reasonable proximity to Dealer's Location.

         Within two months following the effective date of termination or
expiration of this Agreement, Dealer will mail or deliver to Porsche America, a
complete and separate list of each of the Eligible Items other than
Automobiles(s). Dealer will retain all such Eligible Items until receipt of
written shipping instruction from Porsche America. Within one month after
receipt of instruction, Dealer will ship such Eligible Items, transportation
charges prepaid, to the destination specified in the instruction.

         Dealer will take such action and execute and deliver such instruments
as may be necessary to (a) convey to Porsche America good and marketable title
to all Eligible Items to be purchased, (b) comply with the requirements of any
applicable state law relating to bulk sales or transfer, (c) satisfy and

                                      -38-

<PAGE>

discharge any liens or encumbrances on Eligible Items prior to their delivery to
Porsche America, and (d) execute a general release of any and all claims against
Porsche America.

         Porsche America will pay Dealer for the Eligible items purchased by it
as soon as practicable following delivery thereof to the destinations specified
by Porsche America but not later than sixty (60) days following such delivery.
Porsche America may make payment for such Eligible Items directly to anyone
claiming a security or ownership interest therein.

         If Porsche America has decided to appoint a replacement dealer at
Dealer's Location, Dealer may sell its Eligible Items and, upon executing a
general release or any and all claims against Porsche America and receiving
approval in writing by Porsche America, assign its rights under this Part to the
Porsche America designated replacement dealer provided the replacement dealer
assumes Dealer's obligations under this Part.

                                      -39-

<PAGE>

                          PART VI - GENERAL PROVISIONS

A. No Agent or Legal Representative Status

         This Agreement does not make either party the agent or legal
representative of the other for any purpose whatsoever, nor does it grant either
party any authority to assume or to create any obligation on behalf of or in the
name of the other. Neither party owes the other any fiduciary obligation.

B. Dealer's Responsibility for Its Operations

         Except as provided otherwise in this Agreement, Porsche America has no
liability in connection with the establishment or conduct of the Dealership
Operations, and Dealer will be solely responsible for all expenditures,
liabilities and obligations incurred or assumed by Dealer in connection with
Dealer's responsibilities under this Agreement.

C. Taxes

         Dealer will pay all local, state, federal or other applicable taxes and
file required tax returns related to its Dealership Operations and will hold
Porsche America harmless from any claims or demands made by any taxing authority
with respect thereto.

D. Indemnification by Porsche America

         Porsche America will assume the defense of Dealer and indemnify Dealer
against any judgment for monetary damages, less any offset recovered by Dealer,
in any lawsuit naming

                                      -40-

<PAGE>

Dealer as a defendant relating to any Porsche Product that has not been altered
by or for Dealer when the lawsuit concerns:

         1)   Breach of the Porsche America warranty related to the Porsche
              Product, bodily injury or property damage claimed to have been
              caused solely by a defect in the design, manufacture or assembly
              of a Porsche Product by Porsche America or Porsche AG (other than
              a defect which should have been detected by Dealer in a reasonable
              inspection of the Porsche Product);

         2)   Failure of the Porsche Product to conform to the description set
              forth in advertisements or product brochures distributed by
              Porsche America because of changes in standard equipment or
              material component parts unless Dealer received notice of the
              changes prior to retail delivery of the affected Porsche Product
              by Dealer; or

         3)   Any substantial damage to a Porsche Product purchased by Dealer
              from Porsche America which has been repaired by Porsche America
              unless Dealer has been notified of the repair in writing prior to
              retail delivery of the affected Porsche Product.

         If Porsche America reasonably concludes that allegations other than
those set forth in 1) through 3) above

                                      -41-

<PAGE>
are being pursued in the lawsuit, Porsche America shall have the right the
decline to accept the defense or indemnify Dealer or, after accepting the
defense, to transfer the defense back to Dealer and withdraw its agreement to
indemnify Dealer.

         The obligations assumed by Porsche America are limited to those
specifically described in this Part and in the Policies and Procedures Manual
and are conditioned upon compliance by Dealer with the procedures described in
the Manual.

         This Part shall not affect any right either party may have to seek
indemnification or contribution under any other contract or by law and such
rights are hereby expressly preserved.

E. Notices

         Any notice required to be given by either party to the other in
connection with this agreement will be in writing and delivered personally, by
courier, or by mail.

         If delivered by mail, unless otherwise provided herein, such notices
shall be effective upon being deposited, postage prepaid and addressed to the
respective parties hereto, at their respective address shown in Section I.

F. No Implied Waiver

         The failure of either party to require performance by the other party
of any provision hereof will in no way affect the right to require such
performance at any time thereafter;

                                      -42-

<PAGE>
nor will the waiver by either party of a breach of any provision hereof.

G.  Assignment of Rights

         Except as provided in this Agreement, neither this Agreement nor the
rights or obligations of either party hereunder may be sold, assigned, delegated
or otherwise transferred without the written approval of the other party.

H.  Accounts Payable

         In addition to any right of set off provided by law, all monies or
accounts due Dealer shall be considered net of indebtedness of Dealer to Porsche
America and Porsche America may deduct any amounts due or to become due from
Dealer to Porsche America or any amounts held by Porsche America from any sums
of accounts due or to become due from Porsche America to Dealer.

I.  Applicable Law

         This Agreement is governed by the laws of the State of Nevada. However,
if performance under this Agreement is illegal under a valid and applicable law
of any jurisdiction where such performance is to take place, or if valid and
applicable state law requires any other or different terms or conditions in
this Agreement, the performance or terms or conditions will be modified to the
minimum extent necessary to comply with such law if it was effective on the date
of execution of this Agreement.

                                      -43-

<PAGE>

J.  Sole Agreement of Parties

         Except as otherwise provided or referred to herein, Porsche America has
made no promises to Dealer and there are no other agreements or understandings,
either oral or in writing, between the parties affecting this Agreement or
relating to any of the subject matters covered by this Agreement.

         Except as otherwise provided herein, this Agreement cancels and
supersedes all previous agreements between the parties that relate to any
matters covered herein.

         No agreement between Porsche America and Dealer which relates to
matters covered herein, and no change in, addition to (except the filling in of
blank lines) or erasure of any printed portion of this Agreement, will be
binding unless it is approved in writing by Porsche America.

K.  New and Superseding Agreements

         In the event a new and superseding form of Sales and Service Agreement
is offered by Porsche America to Dealers generally at any time prior to the
expiration of the term of this Agreement, Porsche America may terminate this
Agreement by prior written notice to Dealer, provided Porsche America offers
Dealer a new agreement in the new and superseding form for a term of not less
than the then unexpired term of this Agreement.

         Any evaluation of the effectiveness of Dealer's performance of any of
its responsibilities under this Agreement may be reflected and considered
together with any evaluation

                                       -44-

<PAGE>

made of the effectiveness of Dealer's performance of similar responsibilities
under any succeeding or new and superseding form of Sales and Service Agreement.

         Unless otherwise agreed in writing, the rights and obligations of
Dealer that may otherwise become applicable upon any termination or expiration
of the term of this Agreement shall not be applicable in the event of the
execution by Porsche America and Dealer of any new or superseding Sales and
Service Agreement and the matured rights and obligation of the parties
hereunder shall continue under the new agreement.

         Dealer's performance under any prior agreement may be considered in an
evaluation of Dealer's performance under this, or any succeeding agreement.

                      L. Possible Chances Due to State Law

         Dealer and Porsche America recognize that this Agreement has been
submitted to the appropriate state agencies or officials in the United States
for review. The parties acknowledge that this Agreement is being offered and,
where applicable, entered into only where permissible under state law and
subject to Porsche America's receiving such licenses or approvals and making
such changes or additions to this Agreement as may be required by valid and
applicable state law. Furthermore, where required by valid and applicable state
law, the parties may reexecute this Agreement or a revised Agreement to comply
with state law.

                                      -45-

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