Document:

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                                                                  EXHIBIT 10.2.5

                                   [BMW LOGO]

                           BMW OF NORTH AMERICA, INC.
                              CAR CENTER AGREEMENT

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                           BMW OF NORTH AMERICA, INC.

                              CAR CENTER AGREEMENT

This CENTER AGREEMENT is effective as of the      day of           ,           ,
by and between BMW of North America, Inc. ("BMW NA"), a Delaware corporation,
having its principal place of business at 300 Chestnut Ridge Road, Woodcliff
Lake, New Jersey 07675, and

CENTER NAME:
            ------------------------------------------------------------------

CENTER LOCATION:                                                            , a
               -------------------------------------------------------------

BUSINESS TYPE:
            ------------------------------------------------------------------

(if a corporation or partnership) organized or incorporated under the laws of
the

STATE OF:                                                               and
         -------------------------------------------------------------

DOING BUSINESS AS:
                  ------------------------------------------------------------

having its principal place of business at

ADDRESS:                                                               , in
            -----------------------------------------------------------

CITY/TOWN:                                                             , in the
            -----------------------------------------------------------

COUNTY OF:                                                             , in the
            -----------------------------------------------------------

STATE OF:                                                        (as "Center").
            -----------------------------------------------------

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                              PURPOSE OF AGREEMENT

The purpose of this Agreement is to authorize Center to operate an approved BMW
Car Center and to set forth the responsibilities of both BMW NA and Center in
providing BMW Products and services to the consuming public.

The United States automotive market requires a fluid relationship between BMW NA
and authorized BMW Car Centers which represent BMW Products. Mutual compliance
with the terms of this Agreement will promote the interests of both BMW NA and
Center, by providing each party an opportunity to earn a reasonable return on
its investment through developing and retaining satisfied customers, and by
building a spirit of cooperation between BMW NA and authorized BMW Car Centers
which will increase the value and customer perception of BMW trademarks and the
BMW brand.

BMW NA and Center have entered into this Agreement with confidence in each
other's integrity, ability, and expressed intention to deal fairly with the
other party and the consuming public. Center is relying upon BMW NA's commitment
to distribute quality BMW Products which meet the needs and expectations of the
BMW customers in Center's Primary Market Area and to provide Center with a broad
range of support activities to assist Center in its retail operations. BMW NA is
relying upon Center's commitment to perform and carry out the responsibilities
of an authorized BMW Center, as set forth in this Agreement. Each party
recognizes that among other things it must rely upon the efforts of the other
party in performing successfully under this Agreement.

IN CONSIDERATION OF the foregoing and the mutual covenants herein contained, the
parties hereto agree as follows:

                                        2

<PAGE>

                                    ARTICLE A

                            APPOINTMENT OF CAR CENTER

Subject to the terms of this Agreement, BMW NA appoints Center as a dealer of
BMW Products and grants Center the non-exclusive right to buy and/or sell and/or
service BMW Products. Center accepts such appointment and agrees to be bound by
this Agreement.

While Center recognizes that its performance will be primarily measured based
upon its activities in its Primary Market Area, Center agrees that this
appointment does not confer upon it the exclusive right to deal in BMW Products
in any specific geographic area within the United States, nor does it limit the
persons within the United States to whom Center may sell BMW Products for use
therein.

Center agrees that it will not sell BMW Products for resale in the United States
or for resale or use outside the United States. In addition, Center agrees to
abide by BMW NA's Export Policy and all amendments and modifications thereto.

Center acknowledges that BMW NA reserves the right to appoint additional BMW Car
Centers, whether located near Center's location or elsewhere, as BMW NA in its
sole discretion deems necessary or appropriate. BMW NA agrees that it will not
appoint additional representation without first conferring individually with the
BMW Car Center(s) surrounding the proposed location to determine whether other
alternatives to additional representation are satisfactory to BMW NA. If a
decision is made to proceed with establishment of additional representation, BMW
NA will provide such BMW Car Center(s) no less than thirty (30) days written
notice of such decision.

                                        3

<PAGE>

                                    ARTICLE B

                       STANDARD PROVISIONS AND CAR CENTER
                             OPERATING REQUIREMENTS

The accompanying Car Center Agreement Standard Provisions, Center Operating
Requirements, and all currently effective Addenda and all Addenda to be issued
to Center by BMW NA, all of which may be amended, canceled, or superseded from
time to time, are hereby fully incorporated into this Center Agreement
("Incorporated Documents"). Unless the context otherwise indicates, the term
"Agreement" shall mean this document, the Incorporated Documents, and the
documents referred to therein, including, but not limited to, policies,
procedures, programs, and guidelines issued from time to time by BMW NA. The
terms used in this Agreement are defined in Paragraph 1 of the Standard
Provisions. Center hereby acknowledges receipt of this Agreement and agrees to
become familiar with its terms.

Center is required to comply with the BMW NA Center Operating System and agrees
to conform its operations to the BMW NA Center Operating System to the greatest
degree possible.

                                        4

<PAGE>

                                    ARTICLE C

                       CAR CENTER OWNERSHIP AND MANAGEMENT

This is a PERSONAL SERVICES AGREEMENT. BMW NA is entering into this Agreement in
reliance upon the qualifications, abilities, and integrity of the Center
Operator and upon the representation of the Center's Owners that the Center
Operator will have full managerial authority for the operations and activities
of Center. In order to induce BMW NA to enter into this Agreement Center states
that:

(1) Center's Owners, The beneficial owners, record owners, and partners, if any,
of Center are (include record owners if different from beneficial):

NAME                                  %    RECORD OR BENEFICIAL

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

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

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

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

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

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

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

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

                         Additional Names Attached [ ]

                                       5

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C. CAR CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

(2) Center's Officers. The following persons are Center's Officers:

NAME                                      TITLE

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

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

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

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

(3) Center's Corporate Directors. If Center is a corporation, the following are
its Corporate Directors:

NAME                                      TITLE

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

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

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

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

(4) Center Operator. The following person shall be in complete charge of
Center's BMW Car Operations with authority to make all operating decisions on
behalf of Center with respect to Center's BMW Car Operations and is the person
upon whom BMW NA can rely to act on Center's behalf:

NAME                                      TITLE

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

                                       6

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C. CAR CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

(5) General Manager. The following is Center's General Manager (if none,
enter "NONE"):

NAME                                      TITLE

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

(6) Successor(s). The Center's Owners have nominated the following individuals)
as proposed Center Owners of a Successor Center to be established if this
Agreement is terminated because of the death or permanent disability of any of
the Center's Owners (if none, enter "NONE"):

NAME                                      TITLE

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

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

Because of the importance that BMW NA places on the statements and
representations of the Center's Owners and the qualifications of the Center
Operator, Center agrees that there will be no change in the: (a) identity of the
Center's Owners ((1) above); (b) the Center Operator ((4) above); (c) the
Successor(s) ((6) above); or (d) Center's name, identity, business organization
or structure, without the prior written consent of BMW NA.

To enable BMW NA to maintain effectively the BMW Center network, Center further
agrees to provide BMW NA with forty-five (45) days prior written notice of any
proposed change in the ownership of Center, which would change the interests in,
or control of, Center, or of any proposed disposition of Center's BMW assets.
Any such change in ownership or disposition of Center's BMW assets shall not be
effective without the prior written consent of BMW NA, which consent will not be
unreasonably withheld. Center acknowledges and agrees that all proposed owners
of all or a portion of the Center shall be required to meet BMW NA's appointment

                                        7

<PAGE>

C. CAR CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

criteria and comply with BMW NA's ownership policies, procedures, and
limitations. BMW NA shall respond to Center's notification within forty-five
(45) days after Center has furnished to BMW NA all completed applications and
information reasonably requested to evaluate the proposal.

Without limiting other considerations in determining whether BMW NA will provide
consent, this Agreement may not be transferred, assigned, or assumed until all
indebtedness of Center to BMW NA, its subsidiaries, or affiliates has been fully
satisfied and unless the transferee, assignee, or party assuming this Agreement
agrees and commits to fulfill and complete all of the obligations under this
Agreement and the Improvement Addendum (if applicable) and fully comply with all
BMW NA policies, procedures, programs, and guidelines. Furthermore, if and only
if the Center is also an authorized dealer of BMW Sports Activity Vehicles
pursuant to the separate and distinct SAV Center Agreement, this Agreement may
not be transferred, assigned, or assumed independent of the SAV Center
Agreement.

Center recognizes that BMW NA has a vital interest in ensuring that qualified
personnel are employed by BMW centers. Therefore, Center agrees to employ
personnel who meet the qualifications for each position within the Center. BMW
NA agrees that Center has the right to decide reasonably all matters concerning
management and personnel.

Center has designated herein certain individuals as officers, directors,
managers and/or individuals with responsibility for Center's BMW Car Operations.
Center agrees to notify BMW NA in writing of any change in the designated
individuals (2, 3, and 4 above) and recognizes that such designation shall not
relieve Center of its responsibility for performance under this Agreement.

Center agrees that BMW NA may rely upon the Center Operator and General Manager
(if applicable) to act on Center's behalf on any and all matters and that such
reliance shall not alter Center's responsibilities under this Agreement.

                                        8

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                                    ARTICLE D
                                CENTER FACILITIES

Center agrees that Center Facilities shall satisfy all applicable provisions of
this Agreement, including reasonable space, facility, and BMW Corporate
Identification requirements in the Center Operating Requirements Addendum and/or
Center Facilities Guidelines. BMW NA recognizes the investment Center has in its
facilities and hereby approves the location of the following Center Facilities
for the exclusive purpose of:

(1) A showroom and sales facility for BMW Vehicles at:

Address:
        -----------------------------------------------------------------------

(2) Service and parts facilities for BMW Vehicles at:

Address:
        -----------------------------------------------------------------------

(3) Facilities for the display and sale of certified pre-owned BMW Vehicles at:

Address:
        -----------------------------------------------------------------------

(4) Facilities for the display and sale of pre-owned BMW Vehicles at:

Address:
        -----------------------------------------------------------------------

(5) Satellite(s) authorized pursuant to Paragraph 16 of the Standard Provisions
of the Agreement at:

Address:
        -----------------------------------------------------------------------

(6) Other facilities (indicate the nature of the facility, e.g., storage
facility):

Address:
        -----------------------------------------------------------------------

                                       9

<PAGE>
D. CENTER FACILITIES - CONTINUED

Unless otherwise provided herein, Center shall conduct Center's BMW Car
Operations and keep BMW Products exclusively at the Center Facilities designated
above.

In the event that Center desires to: (a) change its principal place of business
from that first set forth in this Agreement; (b) change any location of the
Center Facilities; (c) establish any additional locations for either operating
its business or storage of BMW Products; (d) make any major structural or design
change in the Center Facilities; or (e) change the usage or function of any
locations or facility approved herein or otherwise utilize such locations or
facilities for any functions other than the approved functions, Center
must obtain the prior written approval of BMW NA for any such change or
establishment.

In the event that Center desires to establish or add any additional franchise,
line, make, or dealership at the Center Facilities simultaneously with Center's
BMW Car Operations, Center agrees to provide BMW NA thirty (30) days prior
written notice of such establishment or addition. At the time notice is
provided, Center shall demonstrate in writing to BMW NA that Center will
continue to comply with the Center Operating Requirements Addendum and will not
adversely impact the representation or sale of BMW Products. If Center is unable
to comply, Center shall not pursue such establishment or addition, but may
submit a detailed plan of compliance with the Center Operating Requirements and
Center Operating Requirements Addendum to BMW NA. If BMW NA approves the
detailed plan of compliance, Center may proceed with the establishment or
addition. Center understands that BMW NA may, at its sole option, reject the
plan or require issuance or modification of an Improvement Addendum in the event
the plan is approved. Such approval shall not be unreasonably withheld.

                                       10

<PAGE>

                                    ARTICLE E
                                    BMW FORUM

BMW NA and Center agree that it is in their mutual interest to have an
independent group of BMW center representatives with BMW Car Operations serve on
the BMW Forum. The membership of the BMW Forum may include owners of BMW Car
Centers and BMW SAV centers and/or owners of BMW Car Centers only. BMW NA and
the BMW Forum shall establish a mechanism to foster open and frequent
communication on substantive issues affecting BMW NA and BMW centers.

Each BMW center is entitled and encouraged to serve on the BMW Forum or on a
committee of the BMW Forum pursuant to its by-laws. Each BMW center is expected
to support and participate in the BMW Forum.

The BMW Forum shall adopt by-laws as BMW centers deem reasonable and necessary.
The BMW Forum may establish committees to study various aspects of the retail
environment and the BMW NA - BMW centers' relationship.

Before any material change may be made to this Agreement, BMW NA agrees to
notify the BMW Forum and consider BMW Car Centers' position regarding the
proposed change.

                                       11

<PAGE>

                                    ARTICLE F

                             RIGHT OF FIRST REFUSAL

BMW NA recognizes the investment which Center has committed to operate a BMW
Center. Center recognizes the importance to BMW NA of continuing dealership
operations from approved locations to provide for the effective sales and
service of BMW Products. Accordingly, whenever Center intends to dispose of
Center's BMW assets, change control of the Center, or change majority ownership
from that listed in Article C (1), BMW NA shall have the first right to purchase
Center's BMW assets or ownership interests pursuant to this Article. Center
agrees to disclose to the prospective buyer that any sale or disposition shall
be subject to the terms of this Agreement and any other information provided to
Center which impacts the BMW Center Operations or the market in which the Center
operates.

BMW NA will advise Center if it will exercise the right of first refusal within
forty-five (45) days after Center has furnished to BMW NA all completed
applications and information in accordance with Article C. If BMW NA exercises
the right, BMW NA will assume the proposed buyer's rights and obligations under
the written agreement the proposed buyer negotiated with Center (the "Buy/Sell
Agreement"). The purchase price shall be that set forth in the Buy/Sell
Agreement.

BMW NA shall have the right to perform due diligence in connection with Article
F while BMW NA decides whether to exercise its right of first refusal. If BMW NA
exercises its right, BMW NA's right to conduct due diligence shall continue.
Center agrees to fully cooperate with BMW NA in connection with its due
diligence.

In the event BMW NA exercises its right of first refusal, BMW NA may assign the
Buy/Sell Agreement to any party. BMW NA shall remain responsible to guarantee
the purchase price to be paid by the assignee.

                                       12

<PAGE>

F. RIGHT OF FIRST REFUSAL - CONTINUED

Center shall transfer the assets and any applicable real estate free and clear
of all liens and encumbrances. Any property shall be transferred by Warranty
Deed, where possible, conveying marketable title. Deeds will be in the proper
form for recording. Possession will be deemed transferred when the deed is
delivered. Center shall furnish copies of, and will assign where required, all
agreements, licenses, easements, permits, or other documents necessary for the
conduct of Center's BMW Car Operations.

Subject to the limitation set forth below, if BMW NA exercises its right under
this Article, BMW NA will reimburse Center for all reasonable and acceptable
expenses, excluding brokerage commissions, incurred by Center in connection with
the development of the Buy/Sell Agreement prior to BMW NA's exercise of its
right. Center shall supply BMW NA with reasonable documentation to support all
those expenses and all copies of materials generated during the negotiation and
development of the Buy/Sell Agreement in anticipation of the sale (including
environmental reports, accounting reviews, among others). Center agrees that the
expenses BMW NA will pay to Center pursuant to Article F shall not exceed the
lesser of actual expenses or an aggregate of Fifty Thousand Dollars
($50,000.00). Any dispute regarding reimbursement shall be presented for review
under Article G.

This Article shall not apply in the event that Center proposes to change
majority ownership, dispose of its assets, or otherwise enter into a proposed
Buy/Sell Agreement with: 1) an immediate family member (spouse, child, brother,
sister, parent, grandchild, or spouse of child) of a Center Owner; 2) an
individual who is listed on the Successor Addendum; 3) an individual who is
currently employed by Center and has been actively employed by Center for at
least three consecutive years in the Center's BMW Car Operations and is
otherwise qualified as a Center Operator; or 4) an individual who is currently
listed as a Center's Owner in Article C and has been so listed for the past
three consecutive years and is otherwise qualified as a Center Operator.

                                       13

<PAGE>

                                    ARTICLE G
                          ALTERNATE DISPUTE RESOLUTION

BMW NA and Center agree to minimize disputes between them. However, in the event
that disputes arise, BMW NA and Center agree that they will attempt to resolve
all matters between them before any formal action is taken to seek any
administrative or judicial adjudication or governmental review.

A BMW BOARD ("BOARD") will act as the Administrator of all disputes between BMW
NA and Center arising out of this Agreement. The BOARD will consist of two
representatives who will be selected by BMW NA and two representatives of BMW
centers who will be selected by the BMW Forum. The BOARD will determine
eligibility requirements, develop procedures to ensure a fair and equitable
decision ("ADR PROCEDURES"), and select individuals to participate in a DISPUTE
RESOLUTION PANEL ("PANEL") to hear an eligible dispute. The PANEL shall consist
of at least one BMW NA employee, one Car Center representative, and one
independent person, selected by the BOARD, or a designated facilitator company
chosen by the BOARD.

The BOARD shall also monitor the dispute resolution process, periodically report
to BMW NA and the BMW Forum on the effectiveness of this process and, when
required, make recommendations for changes in this process.

BMW NA and Center agree that the process outlined in this Article G and
developed by the BOARD in the ADR PROCEDURES shall be mandatory. The PANEL's
recommendation will be non-binding, unless prior to appearing before the PANEL
the parties agree to be bound by the decision of the PANEL. The purpose of the
PANEL will be to recommend a resolution and work with the parties to reach a
fair and equitable solution to their dispute in a cost-effective, efficient
manner, and to avoid formal adjudication or government intervention.

If either party to this Agreement fails to refer a matter subject to Article G
to the dispute resolution process or initiates any action in court or an
administrative agency prior to issuance of a PANEL recommendation on a dispute,
that party shall pay all costs, fees and expenses, including attorneys fees, of
the other party which arise out of the enforcement of this Article G.

                                       14

<PAGE>

                                    ARTICLE H
                                      TERM

This Agreement shall continue in full force and effect and shall govern all
relations and transactions between the parties commencing on the effective date
hereof and continuing as follows:

-        If Center has fulfilled all of its obligations hereunder and no
         Improvement Addendum is currently in force: 1) this Agreement shall
         expire five (5) years from the effective date hereof and BMW NA will
         renew the Agreement unless it is terminated earlier in accordance with
         the applicable provisions of this Agreement; or 2) in the event that
         the BMW FORUM reviews a superseding Agreement, and BMW NA offers Center
         an opportunity to enter into that Agreement, Center shall enter into
         the superseding Agreement.

-        If Center has outstanding obligations as of the effective date of this
         Agreement and/or an Improvement Addendum is in force, this Agreement
         shall expire on the earlier of three years from the effective date
         hereof or sixty (60) days following the earliest "Compliance Date"
         specified in said Addendum, unless otherwise terminated in accordance
         with the applicable provisions of this Agreement.

                                       15

<PAGE>

                                    ARTICLE I
                              CUSTOMER SATISFACTION

BMW NA and Center agree to conduct their respective businesses to promote and
support the image and reputation of BMW, BMW NA, BMW Products, and BMW centers.
BMW Products must be perceived as the finest available. BMW NA and BMW centers
must be recognized as providing the best customer service in the industry.

Center, as the direct link to the BMW customer, is responsible for satisfying
customers in all matters, except those directly related to product design and
manufacturing. Center will take all reasonable steps to ensure that each
customer is satisfied with BMW Products and with the services and the practices
of Center. Center will recommend to BMW NA methods of reasonably satisfying
customers. BMW NA will support Center's customer satisfaction efforts through
counseling, training opportunities, and providing survey results.

When requested by BMW NA, Center shall submit a plan detailing its customer
satisfaction programs. That plan shall include continuous reinforcement to all
Center personnel of the importance of customer satisfaction, necessary training
for Center personnel, and methods of conveying to customers that Center is
committed to their satisfaction.

Following consultation with and notice from BMW NA or its authorized
representative, Center shall remedy, to the satisfaction of BMW NA, any practice
or method of operation which would have a detrimental effect upon customer
satisfaction or would impair the reputation or image of BMW, BMW NA, BMW
Products, or the Center.

                                       16

<PAGE>

                                    ARTICLE J
                             EXECUTION OF AGREEMENT

This Agreement shall not become effective until signed by a duly authorized
officer of Center, if a corporation; or by one of the general partners of
Center, if a partnership; or by the named individual, if a sole proprietorship;
and countersigned by two authorized BMW NA representatives.

                                       17

<PAGE>

                                    ARTICLE K

                            MODIFICATION OF AGREEMENT

No representative of BMW NA shall have the authority to waive any of the
provisions of this Agreement or to make any amendment or modification of or any
other change in, addition to, or deletion of any portion of this Agreement or to
make any other agreement which imposes any obligation on either BMW NA or Center
which is not specifically imposed by this Agreement or which renews or extends
this Agreement; unless such waiver, amendment, modification, change, addition,
deletion, or agreement is reduced to writing and signed by two authorized
representatives of BMW NA and by the authorized representative of Center
specified in Article J of this Agreement.

BMW OF NORTH AMERICA, INC.
                                    __________________________________________
                                    CENTER NAME

BY: _________________________       BY: ______________________________________

TITLE:_______________________       TITLE: ___________________________________
                                    FEDERAL TAX ID #: ________________________

BY: _________________________       ATTEST: (If Center is a Corporation)

TITLE: ______________________       __________________________________________
                                                    Secretary

                                    WITNESS (If Partnership or Proprietorship)

                                    __________________________________________
                                                      Name

                                    __________________________________________
                                                     Address

                                    __________________________________________
                                                     Address

                                       18

<PAGE>

                                   [BMW LOGO]

                           BMW OF NORTH AMERICA, INC.
                              CAR CENTER AGREEMENT
                               STANDARD PROVISIONS

<PAGE>
                           BMW OF NORTH AMERICA, INC.
                              CAR CENTER AGREEMENT
                              STANDARD PROVISIONS

                                TABLE OF CONTENTS

Paragraph 1 - Definitions

(a) BMW                                                                      5
(b) BMW Car Centers                                                          5
(c) BMW Center Car Operations                                                5
(d) BMW Forum                                                                5
(e) BMW NA                                                                   5
(f) BMW NA Car Center Agreement                                              5
(g) BMW Products                                                             6
(h) BMW SAV Operations                                                       6
(i) BMW Vehicle(s)                                                           6
(j) Center                                                                   6
(k) Center Facility                                                          6
(l) Center Operating Requirements                                            7
(m) Center Operating Requirements Addendum                                   7
(n) Center Operating System                                                  7
(o) Center Operator                                                          7
(p) Center's Officers                                                        7
(q) Center's Owners                                                          8
(r) Dealer and Dealership                                                    8
(s) General Manager                                                          8
(t) Improvement Addendum                                                     8
(u) Net Purchase Price                                                       8
(v) Original BMW Parts                                                       8
(w) Primary Market Area                                                      9
(x) Sports Activity Vehicles                                                 9
(y) United States                                                            9

Paragraph 2 - Basic Obligations Of BMW NA

(a) Supply of BMW Products to Center                                         10
(b) Assistance to Center                                                     10
(c) Allocation of Vehicles                                                   10

Paragraph 3 - Basic Obligations Of Center

(a) BMW Sales, Service, and Parts Supply                                     12
(b) Conduct of Business                                                      12
(c) Compliance with Center Operating Requirements and Standards for
    BMW Centers                                                              12
(d) Issuance of Improvement Addendum                                         12

<PAGE>

Paragraph 4 - General Requirements For Center's Car Operations

(a) Center Operator                                                          14
(b) Business Hours                                                           14
(c) Signs and Pylons                                                         14
(d) Center's Corporate and Trade Name                                        14
(e) Exclusive Ownership of BMW Trademarks                                    14
(f) Use of BMW Trademarks by Center                                          15
(g) Center Web Sites and Internet Use                                        16
(h) Sales of Certified Pre-Owned and Other Pre-Owned BMW Vehicles            17
(i) Insurance                                                                17
(j) Training                                                                 17
(k) Advertising                                                              17
(l) Center Submissions to BMW NA                                             18
(m) Compliance with Laws                                                     18
(n) Compliance with this Agreement and BMW NA Policies, Procedures,
    Programs, and Guidelines                                                 18

Paragraph 5 - Center's Sales Of BMW Vehicles

(a) Sales Promotion                                                          19
(b) Sales Performance                                                        19
(c) Sales Leads                                                              19
(d) Demonstrators                                                            19
(e) Strategic Business Plan                                                  19
(f) Primary Market Area                                                      20
(g) Performance Evaluation                                                   20
(h) Down Payments and Trade-Ins                                              21
(i) Consumer Disclosures                                                     21

Paragraph 6 - Customer Service

(a) Scope and Quality                                                        22
(b) Disclosure and Use of Original BMW Parts                                 22
(c) Pre-Delivery Inspection                                                  23
(d) BMW Service and Warranty Information Booklet and BMW Owner's Manual      23
(e) Compliance with Consumer Protection Statutes, Policies, Procedures,
    and Guidelines                                                           23

Paragraph 7 - Center's Records And Reports And Access To Center's
Premises

(a) Financial Records                                                        24
(b) Management Information Systems Requirements                              24
(c) Financial Statements                                                     24
(d) Additional Reports                                                       24
(e) Access to Center's Premises and Records                                  25
(f) Confidentiality                                                          25

                                       2

<PAGE>

Paragraph 8 - Center's Purchases Of BMW Vehicles

(a) Center's Purchase Price                                                  26
(b) Payment                                                                  26
(c) Line of Wholesale Credit                                                 26
(d) Shipment to Center                                                       26
(e) Claims Processing                                                        26
(f) Passing of Risk                                                          27
(g) Repair and Sale of Damaged BMW Vehicles                                  27
(h) Option to Repurchase Damaged Vehicles                                    28

Paragraph 9 - Center's Inventory And Purchase Of Original BMW Parts

(a) Minimum Inventory of Original BMW Parts                                  29
(b) Center's Purchase Price                                                  29
(c) Payment                                                                  29
(d) Delivery                                                                 30
(e) Claims for Incomplete Delivery                                           30
(f) Return of Defective Original BMW Parts                                   30
(g) Right to Return Original BMW Parts                                       30
(h) Non-Returnable Materials, Parts, and Assemblies                          31

Paragraph 10 - Additional Provisions Governing Center's Purchase
Of BMW Products And Center's Inventories

(a) Taxes                                                                    32
(b) BMW NA's Purchase Money Security Interest                                33
(c) Return or Diversion of BMW Vehicles on Center's Failure to Accept        35
(d) Failure of or Delay in Delivery                                          35
(e) Changes in Specifications                                                35
(f) Changes by Center on BMW Products and Compliance with Safety,
    Air Pollution, Noise Control, and Consumer Warranty Requirements         36
(g) Inventories                                                              36

Paragraph 11 - Warranty To Customers

(a) BMW Warranties                                                           38
(b) Incorporation of BMW Warranties in Center's Sales                        38
(c) Exclusion of Warranties                                                  38
(d) Warranty Policies and Procedures                                         39

Paragraph 12 - Termination Prior To Expiration Date And Succession

(a) Termination by Center                                                    41
(b) Immediate Termination by BMW NA for Cause                                41
(c) Termination by BMW NA on Sixty (60) Days Notice                          43
(d) Termination Upon Offering to Enter into a New or Amended
    BMW Car Center Agreement                                                 46
(e) Termination for Failure of BMW NA to be Licensed                         46
(f) No Waiver by Failure to Terminate                                        46
(g) Termination upon Death or Permanent Disability                           46
(h) Successor in Event of Death or Permanent Disability                      46
(i) Successor Nominee                                                        47

                                       3

<PAGE>

Paragraph 13 - Continuation Of Business Relations

(a) Continuation of Business Relations After Expiration or Prior
    Termination                                                              49

Paragraph 14 - Rights and Liabilities Upon Expiration Or Prior
Termination

(a) Cancellation of Pending Orders and Post Expiration and Termination
    Obligations                                                              50
(b) Purchase of Center's Inventory of BMW Products by BMW NA                 51

Paragraph 15 - Ownership Changes And Transfers Of Agreement

(a) Transfer, Sale, or Assignment of Agreement by Center                     54
(b) Ownership Policies and Procedures                                        55
(c) Ownership Limitations                                                    55

Paragraph 16 - Facilities And Satellites

(a) Facility and Satellite Authorization                                     56
(b) Approved Locations for Center Facilities                                 56
(c) Facilities Compliance                                                    56
(d) Consent                                                                  56

Paragraph 17 - Indemnification

(a) Indemnification by BMW NA                                                58
(b) Indemnification by Center                                                59
(c) Notification                                                             61
(d) Allegations Involving Both BMW NA and Center                             62

Paragraph 18 - Miscellaneous Provisions

(a) Approval or Consent by BMW NA                                            63
(b) Divisibility                                                             63
(c) Termination of Prior Agreements                                          63
(d) Notices                                                                  63
(e) No Implied Waivers                                                       63
(f) Center Not an Agent and Disclaimer of Further Liability by BMW NA and
    BMW                                                                      64
(g) Accounts Payable                                                         64
(h) BMW NA's Continuing Security Interests                                   64
(i) Assignment of BMW NA's Security Interests                                65
(j) Limitations Re Center Stock and Assets                                   65
(k) BMW NA's Right to Specific Performance                                   65
(l) Reservation of Rights                                                    65
(m) Headings                                                                 65
(n) Entire Agreement and Representations                                     66
(o) New Jersey Law                                                           66

                                       4

<PAGE>
                           PARAGRAPH 1 - DEFINITIONS

                                 The following definitions shall be used in the
                                 Car Center Agreement and have the following
                                 meanings:

BMW                              (a) "BMW" shall mean Bayerische Motoren Werke
                                 AG, a company organized and existing under and
                                 by virtue of the laws of Germany, having its
                                 principal place of business in Munich, Germany.

BMW Car Centers                  (b) "BMW Car Centers", "BMW Centers", "Car
                                 Centers", or "Centers" shall mean all of the
                                 authorized BMW centers which are signatories to
                                 a BMW Car Center Agreement with BMW NA.

BMW Center Car                   (c) "BMW Center Car Operations", "BMW Center
Operations                       Operations", "BMW Car Operations", or "Car
                                 Operations" shall mean all activities of the
                                 Center relating to the promotion and sale of
                                 BMW Products, the Supply of Original BMW Parts,
                                 customer service for BMW Products, and/or all
                                 other operations of Center governed by this
                                 Agreement, such as sales of certified pre-owned
                                 BMW Vehicles.

BMW Forum                        (d) "BMW Forum" or "Dealer Forum" shall mean
                                 the elected representatives of the BMW centers
                                 which perform the responsibilities set forth in
                                 Article E of this Center Agreement.

BMW NA                            (e) "BMW NA" shall mean BMW of North America,
                                 Inc. and/or BMW of North America, LLC (the
                                 eventual successor entity to BMW of North
                                 America, Inc.), entities organized under the
                                 laws of the State of Delaware. BMW NA shall be
                                 the exclusive importer and distributor of BMW
                                 Products in the United States.

BMW NA Car Center                (f) "BMW NA Car Center Agreement", "BMW NA Car
Agreement                        Dealer Agreement", "BMW Car Center Agreement",
                                 "BMW Car Dealer Agreement", "Car Center
                                 Agreement", "Car Dealer Agreement", "Center
                                 Agreement", "Dealer Agreement", or "Agreement"
                                 shall have

                                        5

<PAGE>

                                 the same meaning as set forth in Article B of
                                 this Agreement.

BMW Products                     (g) "BMW Products" shall mean BMW Vehicles and
                                 Original BMW Parts.

BMW SAV Operations               (h) "BMW SAV Operations" and "SAV Operations"
                                 shall mean, if and only if the Center is also
                                 an authorized dealer of BMW Sports Activity
                                 Vehicles pursuant to the separate and distinct
                                 SAV Center Agreement, the sales and service
                                 activities for the BMW Sports Activity Vehicle
                                 line-make, which are being operated by the
                                 Center under the separate and distinct SAV
                                 Center Agreement.

BMW Vehicle(s)                   (i) "BMW Vehicle(s)" shall mean new passenger
                                 cars of the BMW brand manufactured by BMW or
                                 one of its manufacturing subsidiaries and sold
                                 by BMW NA. The BMW brand does not include the
                                 MINI or ROLLS ROYCE brands of the BMW Group or
                                 vehicles badged with MINI or ROLLS ROYCE
                                 trademarks. The only new vehicles authorized to
                                 be sold or serviced under this agreement are
                                 BMW passenger cars. BMW Sports Activity
                                 Vehicles are light trucks that are not
                                 authorized to be sold or serviced under this
                                 Agreement and are not included in the
                                 definition of BMW Vehicle(s) hereunder. BMW
                                 SAVs are only authorized to be sold and
                                 serviced under a distinct and separate
                                 agreement.

Center                           (j) "Center" or "BMW Center" shall mean a
                                 dealer authorized to sell and service BMW
                                 Products as appointed by BMW NA pursuant to
                                 this Agreement. The term "center" or "BMW
                                 center", without a capital "C", shall mean all
                                 BMW dealerships (other than BMW motorcycle
                                 dealerships) whether or not they are authorized
                                 to sell and service BMW Products under this
                                 Agreement.

Center Facility                  (k) "Center Facility", including its plural
                                 and possessive forms, shall mean the land and
                                 building(s) which constitute the authorized
                                 location established in accordance with the
                                 provisions of Article D of the Center Agreement
                                 for the conduct of the BMW Center Car

                                        6

<PAGE>
                                 Operations.

Center Operating                 (l) "Center Operating Requirements" shall mean
Requirements                     the BMW Product, Center Facility, Corporate
                                 Identity, Personnel, Training, Financial,
                                 Equipment, Special Tool, Certified Pre-Owned
                                 Vehicle, Parts, and Demonstrator Requirements
                                 for a Center's Car Operations and SAV
                                 Operations (if any only if the Center is also
                                 an authorized dealer of BMW Sports Activity
                                 Vehicles pursuant to the separate and distinct
                                 SAV Center Agreement) published by BMW NA, as
                                 amended, canceled, or superseded from time to
                                 time by BMW NA following review by the BMW
                                 Forum.

Center Operating                 (m) "Center Operating Requirements Addendum"
Requirements                     and "Operating Requirements Addendum" shall
Addendum                         mean the BMW Product, Center Facility,
                                 Corporate Identity, Personnel, Training,
                                 Financial, Equipment, Special Tool, Certified
                                 Pre-Owned Vehicle, Parts, and Demonstrator
                                 Requirements applicable to Center, as issued,
                                 amended, canceled, or superseded from time to
                                 time by BMW NA following review with Center.

Center Operating                 (n) "Center Operating System" and "Center
System                           Operating Guide" shall mean guidelines and
                                 recommendations published by BMW NA to assist
                                 Center in complying with Center Operating
                                 Requirements.

Center Operator                  (o) "Center Operator" shall mean the person
                                 named in Article C of the Center Agreement as
                                 the person in charge of the BMW Center
                                 Operations with authority to make all operating
                                 decisions on behalf of the Center with respect
                                 to the BMW Center Operations and is the person
                                 upon whom BMW NA is relying to represent BMW
                                 Products and to act on the Center's behalf, as
                                 well as any person who succeeds to such
                                 position in accordance with this Agreement.

Center's Office                  (p) "Center's Officers" or "Center Officers"
                                 shall mean all the persons named in Article C
                                 of the Center Agreement as officers of Center,
                                 as well as any other person who succeeds to any
                                 such executive and/or managerial position in
                                 the Center in accordance

                                        7

<PAGE>
                                 with the Agreement.

Center's Owners                  (q) "Center's Owners" or "Center Owners" shall
                                 mean all the persons named in Article C of the
                                 Center Agreement as the beneficial and record
                                 owners of the Center, as well as any other
                                 person who acquires or succeeds to any
                                 beneficial interest or record ownership of the
                                 Center in accordance with the Agreement.

Dealer and Dealership            (r) "Dealer" and "Dealership" shall mean
                                 Center.

General Manager                  (s) "General Manager" shall mean the person
                                 named in Article C of the Center Agreement as
                                 the person in charge of its BMW Car Operations
                                 in the absence of the Center Operator, as well
                                 as any person who succeeds to such position in
                                 accordance with this Agreement.

Improvement                      (t) "Improvement Addendum" shall mean the
Addendum                         Addendum to this Center Agreement which lists
                                 the outstanding obligations of the Center which
                                 must be met to ensure the continuation of this
                                 Agreement under Article H of this Agreement.

Net Purchase Price               (u) "Net Purchase Price" shall mean the actual
                                 price at which Center purchased the certain BMW
                                 Product from BMW NA, which price shall include
                                 the addition or deduction of any and all
                                 rebates, refunds, credit allowances, discounts,
                                 and other payments or adjustments made by BMW
                                 NA relative to such BMW Product. "Net Purchase
                                 Price" shall not include payments or
                                 adjustments in connection with Center
                                 advertising association activities.

Original BMW Parts               (v) "Original BMW Parts" shall mean (i) any
                                 genuine parts, accessories, and equipment for
                                 BMW Vehicles manufactured by or on behalf of
                                 and/or sold by BMW and/or BMW NA and/or bearing
                                 the authorized trademarks of BMW, which parts,
                                 accessories and equipment usually are described
                                 as "Original" in packaging; and (ii) any
                                 equipment designed for use in BMW Center
                                 Operations (including special BMW tools) and
                                 any non-automotive accessories

                                        8

<PAGE>

                                 and other equipment, including aftersales
                                 lifestyle, and gift items bearing the
                                 trademarks of BMW, which are supplied to Center
                                 by or on behalf of BMW NA.

Primary Market Area              (w) "Primary Market Area" shall mean the area
                                 designated by BMW NA in which the Center is
                                 expected to focus its activities under this
                                 Center Agreement. Evaluation of the Center's
                                 performance shall be primarily based upon the
                                 Center's activities in its Primary Market Area.

Sports Activity Vehicles         (x) "Sports Activity Vehicles", "Sports
                                 Activity Vehicle", "SAVs", or "SAV shall mean
                                 BMW light trucks, which are not BMW Vehicles
                                 under this Agreement.

United States                    (y) "United States" shall mean the 50 United
                                 States, the District of Columbia, and the
                                 Commonwealth of Puerto Rico.

                                       9

<PAGE>
                   PARAGRAPH 2 - BASIC OBLIGATIONS OF BMW NA

Supply of BMW                    (a) BMW NA agrees to sell and deliver BMW
Products to Center               Products to Center in accordance with this
                                 Agreement and the ability of the Center to
                                 store, display, sell, and service BMW Products,
                                 as reflected in its Center Operating
                                 Requirements Addendum. BMW NA shall have no
                                 obligation to supply and Center shall not be
                                 entitled to receive BMW Products which exceed
                                 the Center's ability to store, display, sell,
                                 or service BMW Products as evidenced by its
                                 Center Operating Requirements Addendum.

Assistance to Center             (b) BMW NA will assist Center in Center's BMW
                                 Car Operations through such means and upon
                                 such terms and conditions as BMW NA considers
                                 necessary and appropriate, including, among
                                 other things:

                                 (1)  Sales, technical, and process training,
                                      delivered in person or electronically,
                                      prior to introduction of new BMW Vehicles
                                      or on an ongoing basis;

                                 (2)  Sales, service, and parts literature and
                                      other printed materials relating to BMW
                                      Products;

                                 (3)  National advertising campaigns for BMW
                                      Vehicles;

                                 (4)  Periodic suggestions and evaluations to
                                      assist Center in the conduct of its BMW
                                      Operations; and

                                 (5)  Technical Assistance Hotline and Parts
                                      Telephone Support.

Allocation of Vehicles           (c) BMW NA agrees to sell and deliver BMW
                                 Products to Center in accordance with the
                                 provisions of this Agreement:

                                 (1)  In making such sales and deliveries, BMW
                                      NA will consider Center's preferences, as
                                      well as its compliance with the resale and
                                      use restrictions of the Center Agreement,
                                      and will endeavor to make a fair and
                                      equitable allocation and distribution of
                                      the BMW Products available to it among its
                                      BMW Centers. BMW NA reserves the right to
                                      reduce allocation of BMW Vehicles to
                                      Centers which do not comply with the terms
                                      and conditions of the Center Agreement or
                                      the Center Operating Requirements

                                       10

<PAGE>
                                      Addendum;

                                 (2)  Center recognizes the possibility that
                                      from time to time BMW Products may not be
                                      available in sufficient quantities. In
                                      such event, Center agrees that BMW NA, in
                                      the exercise of its business judgment, may
                                      determine the method and manner of the
                                      allocation of BMW Products between Center
                                      and BMW NA's other Centers. Upon Center's
                                      written request, BMW NA agrees to provide
                                      Center with an explanation of the method
                                      used to distribute such BMW Products; and

                                 (3)  Center recognizes that when introducing
                                      new BMW Products, BMW NA may require
                                      certain prerequisites be in place at the
                                      BMW Center, i.e., training, equipment,
                                      tools, parts, displays, and customer
                                      information, prior to BMW NA distributing
                                      such BMW Products to the Center. Such
                                      prerequisites shall help ensure customer
                                      satisfaction and product acceptance in the
                                      market. Center agrees that its failure to
                                      meet the prerequisites will delay the
                                      distribution of new BMW Products to Center
                                      until the prerequisites are met.

                                       11

<PAGE>

                   PARAGRAPH 3 - BASIC OBLIGATIONS OF CENTER

BMW Sales, Service,              (a) Center assumes the responsibility for the
and Parts Supply                 promotion and sale of BMW Products, the supply
                                 of Original BMW Parts, and customer service for
                                 BMW Products.

Conduct of Business              (b) In the conduct of its business, Center
                                 will:

                                 (1)  Safeguard and promote the reputation of
                                      BMW Products, the trademarks of BMW, and
                                      the BMW brand;

                                 (2)  Refrain from negligent or willful conduct
                                      which may be harmful to the reputation or
                                      to the marketing of BMW Products or
                                      inconsistent with the public interest;

                                 (3)  Refrain from all deceptive, misleading, or
                                      unethical practices; and

                                 (4)  Comply with all applicable local, state,
                                      and federal laws.

Compliance with Center           (c) Center, recognizing that its
Operating Requirements           responsibilities under this Agreement demand
and Standards for BMW            the most effective use of its available
Centers                          facilities, capital, and personnel, agrees to
                                 comply with its Center Operating Requirements
                                 Addendum. Center shall review said Addendum
                                 with BMW NA representatives at the Retail
                                 Business Plan Review, satisfy outstanding
                                 obligations under its Improvement Addendum, if
                                 applicable, and comply with all reasonable
                                 standards established by BMW NA from time to
                                 time relating to Center's BMW Car Operations.

Issuance of                      (d) BMW NA will notify Center in writing if
Improvement                      Center fails to comply with any obligation,
Addendum                         responsibility, or requirement under the Center
                                 Agreement or the Center Operating Requirements
                                 Addendum ("Deficiency").

                                 (1)  If Center fails to remedy the Deficiency
                                      following notice, BMW NA will issue to
                                      Center an Improvement Addendum or amend an
                                      existing Improvement Addendum, listing the
                                      Deficiency(s) and providing Center a
                                      reasonable date by which the Center must

                                       12

<PAGE>

                                      satisfy the Deficiency(s).

                                 (2)  Should Center reasonably request an
                                      extension of time in writing to comply
                                      with an Improvement Addendum, a justified
                                      request for extension will not be
                                      unreasonably withheld; however, under no
                                      circumstances is BMW NA obligated to grant
                                      more than two extensions.

                                 (3)  Center's failure to satisfy the
                                      Deficiency(s) will jeopardize the Center's
                                      ability to renew the Center Agreement and
                                      could subject Center to early termination
                                      of this Agreement.

                                 (4)  An Improvement Addendum will be canceled
                                      once Center remedies the Deficiency(s).

                                 (5)  An Improvement Addendum may be superseded
                                      by BMW NA at any time to reflect a
                                      Center's progress toward satisfaction of a
                                      Center's Deficiency(s).

                                       13

<PAGE>
                     PARAGRAPH 4 - GENERAL REQUIREMENTS, FOR
                             CENTER'S CAR OPERATIONS

Center Operator                  (a) Center agrees that the Center Operator
                                 hereunder shall be the same person as the
                                 Center Operator under the Center's BMW SAV
                                 Center Agreement, if and only if the Center is
                                 also an authorized dealer of BMW Sports
                                 Activity Vehicles pursuant to the separate and
                                 distinct SAV Center Agreement.

Business Hours                   (b) Throughout the term of this Agreement, the
                                 Center Facility shall be operated during, and
                                 for not less than, the customary business hours
                                 of the trade in the community or locality in
                                 which Center is located. When necessary to
                                 accommodate customers' needs, however, Center
                                 shall extend its regular business hours.

Signs and Pylons                 (c) Subject to local requirements, Center
                                 agrees to display conspicuously at and around
                                 the Center Facility such BMW approved signs and
                                 pylons as BMW NA shall reasonably require.

Center's Corporate and           (d) Center agrees that its corporate name and
Trade Name                       its trade name (also known as the Center's
                                 dba) for its BMW Center Car Operations shall
                                 be the same as for its BMW SAV Operations and
                                 must comply with all applicable BMW NA
                                 policies, procedures, programs, and guidelines
                                 related thereto.

Exclusive Ownership of           (e) Center acknowledges BMW's exclusive
BMW Trademarks                   ownership, and the validity, of the BMW
                                 trademarks (including, without limitation, the
                                 BMW logo), both registered and at common law,
                                 and shall not contest the same during the term
                                 of the Agreement or at any time thereafter.
                                 Center further acknowledges that the BMW
                                 trademarks are famous and highly distinctive
                                 throughout the United States and the world, and
                                 that the BMW trademarks have achieved the
                                 highest degree of recognition within the
                                 automotive industry and other related
                                 industries throughout the United States and the
                                 world. Center and BMW NA agree to cooperate
                                 with each other in preventing any acts of
                                 trademark infringement, dilution, or unfair

                                       14

<PAGE>
                                 competition with respect to any BMW trademark,
                                 but BMW (or BMW NA, as BMW's agent with respect
                                 to trademark matters) shall have sole control
                                 over all actions and legal proceedings to
                                 suppress infringement, dilution, or any act of
                                 unfair competition with respect to any BMW
                                 trademark. Center acknowledges, and shall not
                                 contest, BMW NA's right and authority to bring
                                 any action for infringement, dilution, or
                                 unfair competition with respect to any BMW
                                 trademark.

Use of BMW                       (f) BMW NA grants Center a non-exclusive
Trademarks by Center             license to use the BMW trademarks subject to
                                 the terms and conditions of this Agreement,
                                 including, but not limited to, BMW and BMW NA
                                 trademark policies and guidelines. Center
                                 agrees that it will use the trademarks solely
                                 in connection with the promotion and sale of
                                 BMW Products and consumer service for BMW
                                 Products only in such manner, at such location,
                                 to such extent, and for such purposes as BMW NA
                                 may specify from time to time. No BMW trademark
                                 may be used except in the color, size, form,
                                 and style approved by BMW NA. Moreover, without
                                 the express prior written consent of BMW NA,
                                 Center shall not use any BMW trademark
                                 (including the letters "BMW") as part of its
                                 corporate business name. Center shall promptly
                                 change or discontinue its use of any BMW
                                 trademark upon BMW NA's request. Center agrees
                                 that the sole source and origin of BMW Products
                                 is BMW NA and BMW. Center shall not use the BMW
                                 trademarks in any manner which may tend to
                                 cause a likelihood of confusion concerning the
                                 source or origin of BMW Products. Center shall
                                 not use the BMW trademarks in any manner which
                                 is likely to cause confusion among the public,
                                 deceive or mislead the public, or impair the
                                 goodwill of BMW NA OR BMW Products. Without BMW
                                 NA's prior written consent, Center shall not
                                 use BMW trademarks in connection with, or
                                 associated with, any other trademark or brand.
                                 In the event Center desires to utilize the BMW
                                 trademarks in any material, including signage
                                 or advertisements, which also contains
                                 reference to another line or automotive make,
                                 Center agrees to provide BMW NA with thirty
                                 (30) days prior written notice of such use. BMW
                                 NA shall have the sole discretion to grant or
                                 deny approval for such use of the BMW
                                 trademarks. Center acknowledges that BMW NA
                                 shall be irreparably harmed by any breach by
                                 Center of any provision of this Agreement
                                 concerning the

                                       15

<PAGE>

                                 use of the BMW trademarks. Center acknowledges
                                 that BMW or BMW NA may, at their discretion,
                                 terminate this license or BMW NA may terminate
                                 this Agreement for any violation of BMW or BMW
                                 NA trademark policies or guidelines or the
                                 breach of this provision or other related
                                 provisions in this Agreement. Center agrees to
                                 pay all costs, fees, and expenses, including
                                 attorneys fees, of BMW NA or BMW associated
                                 with or arising from any legal claim or
                                 proceeding for the enforcement of any provision
                                 of this Agreement concerning the use of the BMW
                                 trademarks or the BMW brand.

Center Web Sites and             (g) Among other purposes, BMW NA will use its
Internet Use                     Internet web site(s) to provide sales leads to
                                 Centers, to facilitate sales, and to facilitate
                                 the flow of BMW Product and sales information
                                 among BMW NA, BMW Centers, and consumers.
                                 Center may maintain a world wide web site or
                                 otherwise maintain a presence or advertise on
                                 the Internet or any other public computer
                                 network in connection with the Center's
                                 business; provided, however, that any such
                                 activities are in compliance with the law and
                                 any applicable BMW NA Internet or web site
                                 policies that exist or are subsequently
                                 developed. Center shall not use any BMW
                                 trademarks on the site in a manner inconsistent
                                 with Paragraph 4 of this Agreement or without
                                 BMW NA's prior written authorization or in a
                                 manner that is not acceptable to BMW NA.
                                 Furthermore, Center may not post BMW or BMW NA
                                 proprietary, confidential, or copyrighted
                                 material or information on its web site without
                                 BMW's or BMW NA's prior written approval.
                                 Center also agrees to include on its web site
                                 information BMW NA requires in the manner and
                                 form selected by BMW NA. Center further agrees
                                 to list a link on its web site to
                                 http://www.bmwusa.com. If Center is requested
                                 to provide a link to additional web sites by
                                 BMW NA in writing, Center shall add such links
                                 to its web site. In addition, Center agrees to
                                 obtain BMW NA's prior written approval for any
                                 Internet domain name Center may use or intend
                                 to use and/or home page address. Finally,
                                 Center agrees that it shall be responsible for
                                 the activities and actions it undertakes on the
                                 Internet and at its web site.

                                       16

<PAGE>

Sales of Certified Pre-          (h) Center shall not use any BMW trademark in
Owned and Other Pre-             connection with the sale of certified or
Owned BMW Vehicles               non-certified pre-owned BMWs unless the Center
                                 fully complies with all requirements of BMW NA
                                 as to the standards, practices, and facilities
                                 for the sale of pre-owned BMWs under the BMW
                                 trademarks. Center agrees to adhere to the
                                 terms and conditions associated with the sales
                                 and service activities for certified pre-owned
                                 BMWs and to all policies, procedures, programs,
                                 and guidelines established and updated from
                                 time to time by BMW NA for certified pre-owned
                                 BMWs. Furthermore, Center shall not certify any
                                 BMWs which do not meet the requirements for
                                 certification and shall not submit claims,
                                 information, or reports to BMW NA identifying
                                 as certified, vehicles that do not meet
                                 certification requirements or vehicles that
                                 have not been certified.

Insurance                        (i) Center shall maintain comprehensive and
                                 excess liability insurance policies in an
                                 amount sufficient to meet all reasonably
                                 anticipated contingencies, including legal
                                 judgments entered against Center. In no event
                                 shall the aggregate value of the policies be
                                 less than Five Million Dollars ($5,000,000.00).
                                 The policies must be issued by an insurance
                                 company with an "A-" or better rating by A.M.
                                 Best or a similar rating agency acceptable to
                                 BMW NA. Center must provide BMW NA with copies
                                 of such policies upon request and a certificate
                                 of insurance each time the policies are
                                 renewed.

Training                         (j) Center agrees that its personnel will
                                 be trained in such special training courses as
                                 may be offered from time to time by BMW NA.
                                 Center shall require its personnel to meet with
                                 BMW NA personnel in the dealership or at other
                                 appropriate locations for the purposes of
                                 training and to use training materials as may
                                 be suggested from time to time by BMW NA.

Advertising                      (k) Center agrees to advertise BMW Products
                                 and customer service for BMW Products in
                                 accordance with the standards set forth in
                                 Paragraph 3(b) and such other reasonable
                                 policies, standards, and guidelines as BMW NA
                                 may establish from time to time. Such

                                       17

<PAGE>
                                 advertising shall include, among other things,
                                 listings in approved web sites and local
                                 classified telephone directories identifying
                                 Center as an authorized dealer in BMW Products.

                                 Both BMW NA and Center recognize the need of
                                 maintaining uniformly high standards of ethical
                                 advertising of a quality and dignity consistent
                                 with the reputation of BMW Products in order to
                                 maintain public confidence and respect in
                                 Center, BMW NA, and BMW Products. Accordingly,
                                 Center agrees not to publish or cause to be
                                 published any advertising in any media
                                 whatsoever relating to BMW Products and
                                 customer service for BMW Products which is
                                 likely to deceive and/or mislead the public or
                                 to impair the goodwill of BMW NA OR BMW
                                 products. BMW NA reserves the right to require
                                 Center to cease any advertising inconsistent
                                 with this provision including the right to
                                 prohibit Center from using BMW trademarks in
                                 advertising.

Center Submissions to            (l) Center shall not submit false or fraudulent
BMW NA                           claims, reports, statements, or information to
                                 BMW NA.

Compliance with Laws             (m) Center shall comply with all applicable
                                 local, state, and federal laws and regulations,
                                 including, but not limited to, laws and
                                 regulations requiring licensing and/or
                                 registration. Center agrees to disclose
                                 information as BMW NA may reasonably request
                                 with respect to the foregoing.

Compliance with this             (n) Center shall comply with the terms and
Agreement and BMW                conditions of this Agreement and all existing
NA Policies,                     and subsequently developed or amended BMW NA
Procedures, Programs,            policies, procedures, programs, and guidelines.
and Guidelines

                                       18

<PAGE>

                  PARAGRAPH 5 - CENTER'S SALES OF BMW VEHICLES

Sales Promotion                  (a) Center shall actively and effectively
                                 promote the sale of the full line of authorized
                                 BMW Vehicles and shall promote and sell such
                                 BMW Vehicles primarily in its Primary Market
                                 Area in accordance with the terms and
                                 conditions of this Agreement and through such
                                 means as reasonably may be required by BMW NA
                                 from time to time.

Sales Performance                (b) Within the limitations, if any, resulting
                                 from the quantity of BMW Vehicles made
                                 available to Center by BMW NA, Center shall
                                 achieve the best possible sales performance
                                 obtainable for BMW Vehicles. Such sales
                                 performance shall be evaluated on the basis of
                                 such reasonable and equitable criteria as may
                                 be determined from time to time by BMW NA.

Sales Leads                      (c) Center shall follow up all sales leads
                                 provided to Center by BMW NA (or any of its
                                 subsidiaries, affiliated companies, or
                                 vendors), whether obtained through BMW NA's web
                                 site or otherwise, promptly and courteously
                                 within the time periods set forth by BMW NA in
                                 writing to Centers or in the Center's Operating
                                 Requirements Addendum. Center acknowledges that
                                 BMW NA may divert any sales leads not followed
                                 up on by a Center within the time periods set
                                 forth by BMW NA, in writing to Centers or in
                                 the Center's Operating Requirements Addendum,
                                 to other Centers.

Demonstrators                    (d) For purposes of demonstration, Center shall
                                 have available at all times such number of the
                                 most current model BMW Vehicles as required
                                 pursuant to the Center's Operating Requirements
                                 Addendum. Center shall maintain such BMW
                                 Vehicles in first-class operating condition at
                                 all times.

Strategic Business Plan          (a) Each Center shall develop a strategic
                                 business plan with objectives for the following
                                 year. The annual strategic business plan will
                                 be discussed with and presented to the BMW NA
                                 representatives at an annual strategic business
                                 plan review. The

                                       19

<PAGE>

                                 final strategic business plan, as accepted by
                                 BMW NA, shall represent the goals and
                                 objectives of Center and contain the action
                                 plans developed by Center to achieve those
                                 goals and objectives and, in the case of an
                                 Improvement Addendum, address the means of
                                 complying with the terms and conditions of this
                                 Agreement.

Primary Market Area              (f) BMW NA will assign to Center in writing a
                                 geographic area consisting of a collection of
                                 zip code areas or census tracts, which shall be
                                 the Center's Primary Market Area. The Center's
                                 Primary Market Area is the area in which a
                                 Center will primarily promote and sell BMW
                                 Vehicles. The Center's Primary Market Area will
                                 be used to evaluate the Center's performance
                                 obligations and objectives under this
                                 Agreement. BMW NA may adjust a Center's Primary
                                 Market Area at any time and will provide
                                 written notice to the Center of any adjustment.
                                 Center agrees that it has no right or interest
                                 in any Primary Market Area. In assigning or
                                 changing the Center's Primary Market Area, BMW
                                 NA will exercise its best business judgment
                                 based on the facts and circumstances at the
                                 time that any assignment or change is made.

Performance Evaluation           (g) Center and BMW NA agree that their primary
                                 purpose is to satisfy customers by properly
                                 servicing and promoting the sale of BMW
                                 Products within Center's Primary Market Area.
                                 Center and BMW NA will work together to achieve
                                 this purpose.

                                 (1)  Center's compliance with the retail
                                      business plan and Center's sales, service,
                                      and customer satisfaction performance will
                                      be regularly reviewed and evaluated. BMW
                                      NA will provide to Center, in writing, its
                                      evaluation of Center's performance. Any
                                      written comments submitted by Center to
                                      BMW NA shall become part of a performance
                                      evaluation report.

                                 (2)  BMW NA shall evaluate Center's performance
                                      based on, but not limited to:

                                      (i)      Center's sales of BMW Products in
                                               Center's Primary Market Area;

                                      (ii)     Registrations attributable to
                                               Center in its Primary Market

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<PAGE>
                                               Area;

                                      (iii)    The sales and registrations of
                                               competitive passenger cars in
                                               Center's Primary Market Area;

                                      (iv)     Feedback from Center's customers
                                               measured by the results of the
                                               customer satisfaction surveys
                                               provided to Center by BMW NA;

                                      (v)      The trend of Center's performance
                                               over a reasonable period of time;

                                      (vi)     Significant local conditions that
                                               may have affected Center's
                                               performance;

                                      (vii)    The general vehicle purchasing
                                               trends of the public; and

                                      (viii)   Center's compliance with its
                                               Center Operating Requirements
                                               Addendum, its retail business
                                               plan objectives, and Best
                                               Practices.

Down Payments and                (h) Payments received from customers, whether
Trade-Ins                        in money or in kind, which are to be applied
                                 towards the subsequent purchase of a new BMW
                                 Vehicle, shall be held for such customers in
                                 accordance with applicable law until such time
                                 as the transaction with respect to which such
                                 payments were received is consummated or
                                 terminated.

Consumer Disclosure              (i) Center shall deliver to purchasers of BMW
                                 Vehicles an itemized invoice and disclose any
                                 other information or give any notice provided
                                 by BMW NA intended for consumers or required by
                                 law.

                                       21

<PAGE>
                         PARAGRAPH 6 - CUSTOMER SERVICE

Scope and Quality                (a) Center shall provide the best possible
                                 customer service for all owners of BMW Vehicles
                                 whether or not the BMW Vehicle was sold by
                                 Center and shall promote its customer service
                                 and the sale of Original BMW Parts. Center
                                 shall not engage in any service practice with
                                 respect to any BMW Products if BMW NA has
                                 reasonably objected to the nature or quality of
                                 such practice or the practice is detrimental to
                                 customers or inconsistent with the purposes of
                                 this Agreement.

Disclosure and Use of            (b)(1) Center shall not use any parts other
Original BMW Parts               than Original BMW Parts or parts expressly
                                 approved (e.g., authorized remanufactured
                                 parts) by BMW NA in the performance of warranty
                                 service in connection with the BMW New Vehicle
                                 Limited Warranty, parts warranties, and/or
                                 other BMW warranties.

                                 (2) Center recognizes that its customers have a
                                 right to expect that any product that they
                                 purchase from Center meets the high quality
                                 standards associated with BMW Products. In
                                 order to avoid confusion and minimize potential
                                 customer dissatisfaction, in any case where
                                 Center sells for use in the repair of any BMW
                                 Product any parts which are not Original BMW
                                 Parts or parts approved by BMW or BMW NA,
                                 Center shall disclose to the customer that such
                                 parts are not Original BMW Parts or parts
                                 approved by BMW or BMW NA, and, consequently,
                                 that such parts are not warranted by BMW NA.
                                 Such disclosure shall be in writing,
                                 conspicuous, and set forth on the parts
                                 invoice, service, or repair order. Center will
                                 also, by appropriate written notice, advise the
                                 customer of the source of such parts and the
                                 extent of any warranty given by the supplier or
                                 manufacturer of such parts.

                                 (3) Center shall not represent in any manner,
                                 sell or offer for sale as new, Original BMW
                                 Parts or parts approved (e.g., authorized
                                 remanufactured parts) by BMW or BMW NA, any
                                 parts which are not in fact new, Original BMW
                                 Parts or parts approved by BMW or BMW NA.

                                       22

<PAGE>

Pre-Delivery Inspection          (c) Before delivery to the customer, Center
                                 shall inspect, prepare, and condition each new
                                 BMW Vehicle in accordance with quality
                                 certification and other pre-delivery inspection
                                 procedures furnished from time to time by BMW
                                 NA to Center. Evidence of satisfactory
                                 completion will be determined at the discretion
                                 of BMW NA, through customer responses to
                                 surveys or inspection documents maintained in
                                 the Center's vehicle history file.

BMW Service and                  (d) Upon delivery to a customer of a new BMW
Warranty Information             Vehicle, Center will also deliver to the
Booklet and BMW                  customer the BMW Service and Warranty
Owner's Manual                   Information booklet supplied by BMW NA for
                                 such BMW Vehicle, properly completed and
                                 stamped with Center's corporate or business
                                 name, the customer warranty information,
                                 including notification of any laws, rules, or
                                 regulations addressed in subparagraph (e) below
                                 when required by applicable state law, and the
                                 appropriate BMW Owner's Manual. In addition,
                                 Center shall have copies of applicable warranty
                                 information on display and ready for customer
                                 use.

Compliance with                  (e) Center acknowledges the existence and
Consumer Protection              applicability of various "repair or replace"
Statutes, Policies,              laws, damage disclosure laws, other consumer
Procedures, and                  protection laws, rules, and regulations, and
Guideline                        BMW NA disclosure policies, procedures, and
                                 guidelines. Center agrees to comply fully with
                                 the requirements of such laws, rules,
                                 regulations, policies, procedures, and
                                 guidelines, including, but not limited to,
                                 delivering all required disclosures, booklets,
                                 and manuals to consumers, and Center shall take
                                 no action which adversely affects BMW NA's
                                 rights and duties under these laws, rules, and
                                 regulations.

                                 Moreover, Center agrees to use its best efforts
                                 to notify BMW NA promptly in writing of all
                                 situations in which "repair or replace" laws
                                 are or may be applicable. Center further agrees
                                 to take such other action as BMW NA may
                                 reasonably require.

                                       23

<PAGE>
                   PARAGRAPH 7 - CENTER'S RECORDS AND REPORTS
                         AND ACCESS TO CENTER'S PREMISES

Financial Records                (a) Center shall keep accurate and current
                                 books of account in accordance with accounting
                                 practices reasonably satisfactory to BMW NA so
                                 as to enable BMW NA to develop comparative data
                                 in order, among other things, to furnish to
                                 Center, for Center's benefit, business
                                 management assistance.

Management                       (b) To facilitate the efficient operation of
Information Systems              the BMW passenger car dealer network and the
Requirements                     accurate and prompt disclosure to BMW NA of
                                 dealership operations and financial
                                 information, Center agrees to install and
                                 maintain management information system
                                 facilities which are compatible with the
                                 computer systems, hardware, and software used
                                 by BMW NA and comply with the terms of the BMW
                                 Information Management Manual.

Financial Statements             (c) Center shall deliver or mail to BMW NA the
                                 following:

                                 (1)  On or before the tenth (10th) day of
                                      each calendar month, on such forms as BMW
                                      NA reasonably may require, a financial and
                                      operating statement reflecting Center's
                                      BMW Car Operations for the preceding month
                                      and Center's total BMW Car Operations from
                                      the beginning of the calendar year to the
                                      end of the preceding month (the statements
                                      referenced in this Paragraph shall also
                                      reflect the financial and operating
                                      results for the Center's BMW SAV
                                      operations, if and only if the Center is
                                      also an authorized dealer of BMW Sports
                                      Activity Vehicles pursuant to the separate
                                      and distinct SAV Center Agreement; and

                                 (2)  Within three and one-half (3-1/2) months
                                      after the end of the calendar year, a
                                      financial and operating statement for such
                                      year. In the event BMW NA so requests in
                                      writing, such statement shall be reviewed
                                      by a certified public accountant.

Additional Reports               (d) Center will furnish to BMW NA, on such
                                 forms and at such times as BMW NA reasonably
                                 may require, complete and accurate reports of
                                 Center's sales and inventories of new BMW
                                 Vehicles, of certified

                                       24

<PAGE>

                                 pre-owned BMW Vehicles, of other pre-owned
                                 vehicles, and of Original BMW Parts. Center
                                 will also furnish to BMW NA such other reports
                                 as BMW NA reasonably may require from time to
                                 time. Center shall maintain such records for at
                                 least five (5) years.

Access to Center's               (e) Until the expiration or prior termination
Premises and Records             of this Agreement and thereafter until
                                 consummation of all the transactions referred
                                 to in Paragraph 14 hereof, BMW NA, through its
                                 representatives, employees, and other
                                 designees, shall have the right, at all
                                 reasonable times during regular business hours,
                                 to inspect Center's BMW Car Operations,
                                 including the Center's Facility and records and
                                 accounts of Center relating to Center's BMW Car
                                 Operations. Center shall cooperate fully with,
                                 and take all actions necessary to facilitate,
                                 such inspections.

Confidentiality                  (f) BMW NA will not furnish any financial data
                                 submitted to it by Center to any third party
                                 unless: 1) authorized by Center; 2) required by
                                 law, regulation, order, or judicial, alternate
                                 dispute resolution, or administrative process;
                                 3) pertinent to judicial, alternate dispute
                                 resolution, or administrative proceedings; or
                                 4) required to generate composite or
                                 comparative data for analytical purposes.
                                 Center agrees to keep confidential and not
                                 disclose, directly or indirectly, information
                                 that BMW NA designates as confidential and
                                 provides to Center.

                                       25

<PAGE>
                     PARAGRAPH 8 - CENTER'S PURCHASES OF BMW
                                    VEHICLES

Center's Purchase Price          (a) BMW NA will sell BMW Vehicles to Center at
                                 such prices and upon terms as may be
                                 established from time to time by BMW NA. Center
                                 shall be responsible for payment of any and all
                                 sales taxes, use taxes, excise taxes, and other
                                 governmental or municipal charges imposed or
                                 levied or based upon the sale of BMW Vehicles
                                 by BMW NA to or through Center.

Payment                          (b) Payment for each BMW Vehicle purchased by
                                 Center shall be made in cash at the time of
                                 delivery unless the invoice provides otherwise,
                                 in which event the terms of the invoice shall
                                 govern. Receipt of any check, draft, or other
                                 commercial paper shall not constitute payment
                                 until BMW NA has received cash in the full
                                 amount thereof. In the event of non-payment,
                                 Center shall pay all of BMW NA's collection
                                 charges, including attorneys fees and costs.

Line of Wholesale Credit         (c) During the term of this Agreement, Center
                                 shall maintain exclusively for BMW Vehicles an
                                 unrestricted line or lines of wholesale credit
                                 with a financing institution or institutions
                                 satisfactory to BMW NA in amounts as specified
                                 in the Center Operating Requirements Addendum.

Shipment to Center               (d) BMW NA will endeavor, whenever practicable,
                                 to follow Center's requests with regard to
                                 route and method of shipment of BMW Vehicles,
                                 but BMW NA reserves the right to ship BMW
                                 Vehicles purchased by Center hereunder by
                                 whatever mode of transportation, by whatever
                                 route, and from whatever point BMW NA may
                                 select. All shipping charges for BMW Vehicles
                                 will be borne by Center.

Claims Processing                (e) In order to facilitate the processing of
                                 claims for damage against the carrier or
                                 carrier's insurer, Center hereby authorizes BMW
                                 NA to process, and BMW NA agrees that it will
                                 so process at its own cost and expense, all
                                 such claims in BMW NA's name, but for Center's
                                 account, in such manner and on such basis as
                                 BMW NA may

                                       26

<PAGE>

                                 reasonably determine. BMW NA shall not,
                                 however, be obliged to retain counsel or
                                 commence legal proceedings against carrier or
                                 carrier's insurer with respect to any such
                                 claims. Center also authorizes BMW NA to settle
                                 or compromise any such claims for less than the
                                 full amount thereof as BMW NA may in its sole
                                 judgment determine without the prior approval
                                 of Center.

                                 Immediately upon delivery of any BMW Products
                                 to Center, Center shall make a careful
                                 inspection of such products and shall note any
                                 damage in the BMW Products so delivered on the
                                 appropriate carrier delivery forms, which shall
                                 be signed by both the representatives of the
                                 carrier and the representatives of the Center.
                                 Center shall also follow any other pertinent
                                 procedures that may be established from time to
                                 time by BMW NA and will cooperate with BMW NA
                                 in processing any claims. Failure by Center to
                                 note any deficiency or damage upon delivery to
                                 Center and failure to follow any other
                                 pertinent procedures established by BMW NA
                                 shall constitute a waiver by Center of BMW NA's
                                 obligation to process any claim and Center
                                 shall be solely responsible for asserting and
                                 processing any such claims against the carrier.

Passing of Risk                  (f) All BMW Vehicles sold to Center shall be at
                                 Center's risk and peril from the time of
                                 delivery at BMW NA's established place of
                                 delivery whether to Center, Center's agent, or
                                 a common carrier, and during all subsequent
                                 transportation. It shall be the obligation of
                                 Center to insure against such risks for its
                                 benefit and at its expense.

Repair and Sale of               (g) In the event that any BMW Vehicle sold by
Damaged BMW                      BMW NA to Center should become damaged prior to
Vehicles                         its delivery by Center to a customer, Center
                                 shall, applying BMW or BMW NA approved repair
                                 practices and procedures, repair fully such
                                 damage so that such BMW Vehicle shall be placed
                                 in first-class salable condition prior to
                                 delivery. Center shall not market any BMW
                                 Vehicle if the quality or condition thereof has
                                 been reasonably objected to by BMW NA. Center
                                 shall comply with all state laws applicable to
                                 such sales and shall disclose to the customer
                                 all damage and repairs in accordance with
                                 applicable state law. Center will also disclose
                                 all damage when

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<PAGE>
                                 processing wholesale or retail trades of BMW
                                 Vehicles.

Option to Repurchase             (h) In order to protect the integrity of BMW
Damaged Vehicles                 Vehicles and Center's and BMW NA's reputation
                                 in the marketplace, Center agrees to notify BMW
                                 NA whenever any of Center's new and unused BMW
                                 Vehicles are substantially damaged. For the
                                 period of ten (10) business days from BMW NA's
                                 receipt of notice from a Center, BMW NA shall
                                 have the first option to repurchase from Center
                                 such damaged BMW Vehicles at a price equal to
                                 the Net Purchase Price originally paid by
                                 Center to BMW NA less any monies or other
                                 consideration received by Center in connection
                                 with or relating to such damaged BMW Vehicles.
                                 Center agrees to assign its rights under any
                                 insurance contract with respect to such BMW
                                 Vehicles to BMW NA. In the event BMW NA
                                 exercises its option to repurchase as granted
                                 above, BMW NA reserves the right to make any
                                 payment hereunder directly to any party having
                                 a security interest in the BMW Vehicle being
                                 repurchased. BMW NA shall not be liable for any
                                 interest expense under this Paragraph 8 on
                                 returned vehicles, unless repurchased under
                                 this subparagraph (h).

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<PAGE>

                PARAGRAPH 9 - CENTER'S INVENTORY AND PURCHASE OF
                              ORIGINAL BMW PARTS:

Minimum Inventory of             (a) Center shall acquire and at all times
Original BMW Parts               maintain at least a minimum inventory of
                                 available Original BMW Parts necessary to
                                 satisfy adequately the needs of the market.

Center's Purchase Price          (b) BMW NA shall sell Original BMW Parts to
                                 Center at such prices and upon such terms as
                                 may be established from time to time by BMW NA.
                                 Center is responsible for any and all sales
                                 taxes, excise taxes, use taxes, and other
                                 governmental or municipal charges imposed or
                                 levied or based upon the sale of Original BMW
                                 Parts by BMW NA to Center, except federal
                                 excise taxes which may be included in the
                                 purchase price of BMW NA to Center. In the
                                 event of any increase in the prices established
                                 by BMW NA for Original BMW Parts, Center will
                                 have the right to cancel all orders for
                                 Original BMW Parts affected by the increase
                                 which are pending and unfilled at the time
                                 Center obtains notice of the increase, provided
                                 that BMW NA is notified in writing of such
                                 cancellation within ten (10) days from the time
                                 Center obtains notice of the increase.

Payment                          (c) Center's orders for Original BMW Parts will
                                 be filled on the basis of payment terms
                                 established from time to time by BMW NA for
                                 Center's account. Such terms may provide for
                                 open account, limited open account, C.O.D., or
                                 cash. Center will be invoiced at the time of
                                 shipment through the electronic Dealer
                                 Communications System. Center shall receive a
                                 month-end statement. Center shall render
                                 payment for the total amount of the monthly
                                 statement in accordance with the terms stated
                                 therein. Unless otherwise indicated in writing,
                                 full payment is due upon receipt of said
                                 statement. In the event of non-payment, Center
                                 shall pay all of BMW NA's collection charges,
                                 including attorneys fees and costs.

                                       29

<PAGE>

Delivery                         (d) Delivery of Original BMW Parts ordered by
                                 Center shall be made by common carrier, U.S.
                                 mail, or express mail, and if practical, in
                                 accordance with Center's specific request. If
                                 freight charges are to be paid by BMW NA, the
                                 most economical transportation will be
                                 selected.

Claims for Incomplete            (e) All claims for incomplete delivery of
Delivery                         Original BMW Parts must be made by Center in
                                 writing immediately upon Center's receipt of
                                 shipment.

Return of Defective              (f) Center shall not sell, offer for sale, or
Original BMW Parts               install any Original BMW Parts if the nature or
                                 quality thereof has been reasonably objected to
                                 by BMW NA. Center may, after receipt of written
                                 authorization from BMW NA, return defective
                                 Original BMW Parts to BMW NA for credit,
                                 together with the original invoice indicating
                                 Center's purchase price of such Original BMW
                                 Parts. Such Original BMW Parts shall be
                                 shipped, shipping charges prepaid, to the
                                 destination specified by BMW NA. Center will be
                                 reimbursed for shipping charges prepaid by it
                                 on authorized returns of defective Original BMW
                                 Parts based on the lowest applicable rate of
                                 transportation by common carrier.

Right to Return Original         (g) Center will notify BMW NA of any Original
BMW Parts                        BMW Parts ordered by Center in error within
                                 sixty (60) days after receipt of shipment.
                                 Center may return such Original BMW Parts, no
                                 later than sixty (60) days after Center's
                                 receipt of specific authorization from BMW NA,
                                 for credit, which credit shall be applied to
                                 Center's account based on the invoiced price of
                                 the returned Original BMW Parts. Such Original
                                 BMW Parts shall be returned, shipping charges
                                 prepaid, to the destination specified by BMW
                                 NA.

                                 Center may also return, after receipt of
                                 written authorization from BMW NASA, Original
                                 BMW Parts shipped to Center due to BMW NA
                                 shipping error. Such Original BMW Parts shall
                                 be shipped, shipping CHARGES PREPAID, TO THE
                                 DESTINATION SPECIFIED BY BMW NA and Center
                                 shall be credited for such prepaid shipping
                                 charges as well

                                       30

<PAGE>
                                 as for the invoiced prices of the returned
                                 Original BMW Parts.

Non-Returnable                   (h) Center will not be entitled to return: (1)
Materials, Parts, and            any materials which have been acquired or
Assemblies                       specially fabricated by BMW NA upon Center's
                                 order; (2) unlisted Original BMW Parts or
                                 assemblies; or (3) any Original BMW Parts or
                                 assemblies not purchased by Center from BMW NA.

                                       31
<PAGE>
                      PARAGRAPH 10 - ADDITIONAL PROVISIONS
                       GOVERNING CENTER'S PURCHASE OF BMW
                       PRODUCTS AND CENTER'S INVENTORIES

Taxes                            (a) Center shall provide BMW NA with all of its
                                 tax identification numbers. With regard to each
                                 purchase of BMW Products, Center represents and
                                 warrants that:

                                 (1) Such BMW Products are being purchased from
                                     BMW NA by Center for resale in the ordinary
                                     course of Center's business;

                                 (2) Center has complied with all of the
                                     applicable provisions of local and state
                                     laws required for the collection and
                                     payment by Center of all sales, use, and
                                     excise taxes and other governmental or
                                     municipal charges applicable to all such
                                     resale transactions; and

                                 (3) Center has furnished to BMW NA all resale
                                     certificates or similar documents required
                                     to perfect an exemption from any applicable
                                     sales and use taxes.

                                 Center shall be responsible for payment of any
                                 and all taxes and other governmental or
                                 municipal charges imposed or levied in
                                 connection with the sale to Center by BMW NA of
                                 BMW Products or equipment supplied to Center by
                                 BMW NA.

                                 In the event that any BMW Products are put to a
                                 taxable use by Center or are in fact purchased
                                 by Center for purposes other than resale in the
                                 ordinary course of Center's business, Center
                                 shall make timely return and payment to the
                                 appropriate taxing authorities, as required by
                                 Paragraph 8(a), with respect to BMW Vehicles,
                                 and Paragraph 9(b), with respect to Original
                                 BMW Parts, of all applicable sales, use, and
                                 excise taxes, and other governmental or
                                 municipal charges imposed or levied or based
                                 upon the sale of such BMW Products by BMW NA to
                                 Center, and Center shall hold BMW NA harmless
                                 from any and all claims and demands which may
                                 be made by such taxing authorities against BMW
                                 NA with respect thereto.

                                       32

<PAGE>

BMW NA's Purchase                (b) In order to assure its prompt and
Money Security Interest          unconditional payment to BMW NA upon the terms
                                 and as and when due of any and all
                                 indebtedness, obligations, or liabilities of
                                 Center to BMW NA for the purchase of BMW
                                 Products ("Obligations"), Center hereby grants,
                                 assigns, and transfers to BMW NA a continuing
                                 first and senior lien on and security interest
                                 in all such BMW Products sold on credit, open
                                 account, or limited open account to Center by
                                 BMW NA, all accessions and additions thereto,
                                 and all proceeds and products of such BMW
                                 Products, whether now owned or hereafter
                                 acquired as well as a security interest in cash
                                 incentives, holdbacks, bonuses, or other BMW NA
                                 payables (the "Collateral"). In furtherance
                                 thereof and in recognition of BMW NA's status
                                 as a secured party having all the rights and
                                 remedies of a secured party under Article 9 of
                                 the Uniform Commercial Code:

                                 (1) In the event Center is in default of any
                                     Obligations or any of the events described
                                     in Paragraph 12(b) and (c) of this
                                     Agreement shall occur, and at any time
                                     thereafter, BMW NA may declare Center in
                                     default and may exercise the following
                                     rights and remedies, in addition to all
                                     other rights and remedies it has as a
                                     secured party under the Uniform Commercial
                                     Code:

                                     (i)  To declare all Obligations of Center
                                          to BMW NA immediately due and payable;
                                          and

                                     (ii) To require Center to assemble the
                                          Collateral and make it available to
                                          BMW NA for possession at a place
                                          designated by BMW NA which is
                                          reasonably convenient to both parties.

                                 (2) With respect to all proceeds of the
                                     Collateral, including, without limitation,
                                     payments received by Center from a customer
                                     upon delivery of any BMW Product
                                     constituting Collateral and cash deposits
                                     received from a customer in anticipation of
                                     a future delivery of a BMW Product
                                     constituting Collateral to such customer,
                                     Center grants to BMW NA an irrevocable
                                     power of attorney to endorse all cash and
                                     non-cash proceeds of the Collateral to
                                     effect collection thereof, it being
                                     understood and

                                       33

<PAGE>

                                     intended by Center that such power of
                                     attorney is coupled with an interest; and
                                     Center shall:

                                     (i)   Upon demand by BMW NA, whether or not
                                           Center is in default of any
                                           Obligations, deposit not later than
                                           the business day following receipt,
                                           all proceeds of the Collateral or any
                                           portion thereof, in a separate bank
                                           account designated for that purpose
                                           and under the sole control of BMW NA;

                                     (ii)  Not commingle any proceeds of the
                                           Collateral to which BMW NA is
                                           entitled with other funds or property
                                           of Center until delivery of such
                                           proceeds to BMW NA has been
                                           completed, it being agreed and
                                           understood that the proceeds to which
                                           BMW NA is entitled shall be that
                                           portion of the proceeds upon sale of
                                           a BMW Product constituting Collateral
                                           which equals the Obligations with
                                           respect to such BMW Product; and

                                     (iii) Hold any proceeds of the Collateral
                                           to which BMW NA is entitled under
                                           Paragraph 10(b)(2) hereof separate
                                           and apart and upon express trust for
                                           BMW NA until such delivery or
                                           deposit.

                                 (3) Center shall hold in trust each deposit of
                                     cash received from a customer in
                                     anticipation of a future delivery of a BMW
                                     Product constituting Collateral to such
                                     customer until such delivery is
                                     consummated.

                                 (4) Center shall not sell, pledge, assign,
                                     transfer, lease, resell, or otherwise
                                     dispose of any type of Collateral herein
                                     described or any interest in Collateral
                                     except in the ordinary course of Center's
                                     business or as may be authorized in writing
                                     by BMW NA.

                                 (5) Center shall execute and deliver promptly
                                     to BMW NA one or more financing statements
                                     pursuant to the Uniform Commercial Code in
                                     the form suitable for filing to perfect a
                                     purchase money security interest in the
                                     Collateral and which are otherwise
                                     satisfactory to BMW NA. Center irrevocably
                                     appoints BMW NA

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<PAGE>

                                     as its attorney in fact, to sign and file,
                                     in Center's name, financing statements at
                                     any time with respect to the Collateral and
                                     the proceeds thereof, it being understood
                                     and intended by Center that such power of
                                     attorney is coupled with an interest.

                                 (6) The remedies provided in this Paragraph
                                     10(b) shall be in addition to any other
                                     rights and remedies provided for in this
                                     Agreement or under applicable law.

Return or Diversion of           (c) In the event Center should fail or refuse
BMW Vehicles on                  for any reason (other than an error by BMW NA)
Center's Failure to              to accept any BMW Vehicle delivered to Center's
Accept                           Facility, Center will reimburse BMW NA for all
                                 expenses incurred by BMW NA in returning such
                                 BMW Vehicle to the original point or in
                                 diverting it to another destination, as the
                                 case may be; but in no event shall Center be
                                 required to pay BMW NA an amount in excess of
                                 the expense of returning such BMW Vehicle to
                                 its original point of delivery to Center.
                                 Center forfeits any further rights it may have
                                 with respect to such rejected BMW Vehicle(s).

Failure of or Delay in           (d) BMW NA will not be under any liability to
Delivery                         Center for failure to deliver or for delay
                                 in making delivery if such failure or delay
                                 results from any event brought by causes
                                 other than willful or grossly negligent conduct
                                 of BMW NA, such as, for example, any event in
                                 the nature of force majeure, acts of God, acts
                                 of any government, foreign or civil wars,
                                 riots, interruptions of navigation, shipwrecks,
                                 strikes, lockouts, other labor troubles,
                                 embargoes, blockades, fires, explosions,
                                 sabotage, failures of BMW or of any other
                                 supplier of BMW NA to deliver, or delay of BMW
                                 or of any other supplier of BMW NA in making
                                 delivery.

Changes in                       (e) BMW Products will be delivered by BMW NA to
Specifications                   Center in accordance with standards applicable
                                 at the time of their manufacture. BMW NA and
                                 Center recognize and agree that BMW and/or BMW
                                 NA shall have the right, without limitation, at
                                 any time and from time to time, to make changes
                                 or modifications in the design specifications
                                 of BMW Products without notice. BMW NA shall
                                 have no obligation to Center to make such
                                 change or modification with respect to BMW
                                 Products previously delivered to

                                       35

<PAGE>

                                 or ordered by Center or to make any refund or
                                 other adjustment for any BMW Products
                                 previously purchased by Center or being
                                 imported, manufactured, or sold, whether or not
                                 the price of such BMW Products is affected
                                 thereby. No change shall be considered a model
                                 year change unless so specified by BMW.

Changes by Center on             (f) Center agrees not to make any modifications
BMW Products and                 or alterations to BMW Vehicles which alters
Compliance with Safety,          the original engineering and/or operating
Air Pollution, Noise             specifications of the vehicle. BMW NA may
Control, and Consumer            request Center to make such changes or refrain
Warranty Requirements            from making such changes on BMW Products as may
                                 be prescribed from time to time by BMW, and
                                 Center agrees to comply promptly with such
                                 requests. Center also agrees to take such steps
                                 and render such reports in, connection with the
                                 National Traffic and Motor Vehicle Safety Act
                                 of 1966, the Consumer Product Safety Act, the
                                 Magnuson-Moss Warranty Act, or any other
                                 legislation or regulation pertaining to safety,
                                 air pollution, noise control, or warranties to
                                 consumers, as may be required of motor vehicle
                                 dealers, distributors, or manufacturers or as
                                 BMW or BMW NA may request from time to time,
                                 and to comply with all such legislation and
                                 regulations in conducting Center's BMW Car
                                 Operations. BMW NA will reimburse Center for
                                 the reasonable cost of any Original BMW Parts,
                                 and labor in accordance with current warranty
                                 rates and procedures, which may be used by
                                 Center in making changes on BMW Products
                                 requested by BMW NA and/or BMW. Center agrees
                                 to indemnify and hold harmless BMW and BMW NA
                                 from and against any and all claims and
                                 liabilities arising from Center's failure or
                                 alleged failure to comply, in whole or in part,
                                 with any obligation assumed by Center pursuant
                                 to this Paragraph. Center will communicate to
                                 BMW NA all suggestions with respect to
                                 improvements in BMW Products it may have or
                                 develop as a result of its experience.

Inventories                      (g) Center agrees that, in addition to
                                 maintaining at least the minimum inventory of
                                 Original BMW Parts required under Paragraph
                                 9(a), Center will acquire, and at all times
                                 maintain, such inventory of available BMW
                                 Products as is necessary in accordance with the
                                 current and reasonably foreseeable volume of
                                 Center's business and to further Center's sales
                                 activities and to assure satisfactory

                                       36

<PAGE>

               customer service and supply of Original BMW Parts.

                                       37

<PAGE>

                      PARAGRAPH 11 - WARRANTY TO CUSTOMERS

BMW Warranties                   (a) Each BMW Vehicle supplied by BMW NA will be
                                 warranted to the customer by BMW NA in
                                 accordance with the New Vehicle Limited
                                 Warranty, the Limited Emissions Warranties, and
                                 the Limited Warranty against Rust Perforation.
                                 Each Original BMW Part supplied by BMW NA will
                                 be warranted to the customer by BMW NA in
                                 accordance with the Limited Warranty on
                                 Original BMW Parts or the Limited Warranty on
                                 Original BMW Parts Purchased Over the Counter,
                                 as the case may be.

Incorporation of BMW             (b) Center agrees to make all sales of BMW
Warranties in Center's           Vehicles and Original BMW Parts in such a way
Sales                            that its customers acquire all rights in
                                 accordance with the New Vehicle Limited
                                 Warranty, the Limited Emissions Warranties, the
                                 Limited Warranty against Rust Perforation, the
                                 Limited Warranty on Original BMW Parts, or the
                                 Limited Warranty on Original BMW Parts
                                 Purchased Over the Counter, as the case may be.
                                 Center will supply consumers with a copy of
                                 such warranties in such fashion as may from
                                 time to time be required by BMW NA or by
                                 applicable law.

Exclusion of Warranties          (c) TO THE EXTENT PERMITTED BY APPLICABLE LAW,
                                 EXCEPT AS SPECIFICALLY PROVIDED FOR IN THE NEW
                                 VEHICLE LIMITED WARRANTY, THE LIMITED EMISSIONS
                                 WARRANTIES, THE LIMITED WARRANTY AGAINST RUST
                                 PERFORATION, THE LIMITED WARRANTY ON ORIGINAL
                                 BMW PARTS, AND THE LIMITED WARRANTY ON ORIGINAL
                                 BMW PARTS SOLD OVER THE COUNTER, ALL OTHER
                                 WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT
                                 NOT LIMITED TO, IMPLIED WARRANTIES OF
                                 MERCHANTABILITY AND FITNESS FOR A PARTICULAR
                                 PURPOSE, ARE EXCLUDED AND BMW NA MAKES NO OTHER
                                 WARRANTIES, EXPRESS OR IMPLIED, TO CONSUMERS.
                                 THE EXCLUSION ALSO APPLIES TO INCIDENTAL,
                                 CONSEQUENTIAL, SPECIAL, OR INDIRECT DAMAGES FOR
                                 ANY BREACH OF EXPRESS OR IMPLIED WARRANTY,
                                 INCLUDING THE IMPLIED WARRANTIES OF
                                 MERCHANTABILITY AND/OR FITNESS, IF ANY,
                                 APPLICABLE TO

                                       38

<PAGE>

                                 BMW PRODUCTS.

Warranty Policies and            (d) Center agrees to comply with the provisions
Procedures                       of the Warranty Policies and Procedures Manual
                                 supplied by BMW NA to Center and any future
                                 versions of the Warranty Policies and
                                 Procedures Manual applicable to a warranty
                                 claim. All such manuals and documents referred
                                 to therein are fully incorporated into this
                                 Agreement. Center further agrees to follow the
                                 procedures established from time to time by BMW
                                 NA for the processing and disposition of
                                 warranty claims and the return and disposition
                                 of Original BMW Parts claimed to be defective.
                                 Center will also comply with all requests of
                                 BMW NA for the performance of service in
                                 response to warranty claims and will maintain
                                 detailed records of time and parts consumption
                                 as prescribed by BMW NA. Upon complying with
                                 such procedures and requests and maintaining
                                 such records, Center will be entitled to
                                 reimbursement for warranty claims in the
                                 amounts for reimbursement specified in the
                                 applicable Warranty Policies and Procedures
                                 Manual for warranty claims provided that Center
                                 has the necessary equipment and qualified
                                 service personnel, as specified by BMW NA, to
                                 effect necessary warranty repairs. Center must
                                 also have documentation in support of its
                                 claims and Center acknowledges and agrees that
                                 BMW NA may request Center to provide
                                 documentation to BMW NA at any time in
                                 connection with such claims.

                                 Strict adherence to the procedures established
                                 for processing warranty claims is necessary in
                                 order for BMW NA to process such claims fairly
                                 and expeditiously. BMW NA will be under no
                                 obligation with respect to warranty claims not
                                 made strictly in accordance with such
                                 procedures and in a timely manner. Center's
                                 obligation hereunder extends to all BMW
                                 Vehicles and BMW Products under warranty
                                 presented to Center by a customer, regardless
                                 of whether Center sold the BMW Vehicle or BMW
                                 Product to such customer.

                                 Center is not authorized to assume or incur any
                                 other or additional warranty obligations or
                                 liabilities on behalf of either BMW or BMW NA.
                                 Any such other or additional obligations
                                 assumed or incurred by

                                       39

<PAGE>

                                 Center shall be solely the responsibility of
                                 Center, including the disclosure of the
                                 identity of the supplier or warrantor, the
                                 existence of a warranty, and the specific terms
                                 and conditions of such warranty to the
                                 consumer.

                                       40

<PAGE>

                       PARAGRAPH 12 - TERMINATION PRIOR TO
                         EXPIRATION DATE AND SUCCESSION

Termination by Center            (a) Center shall have the right to terminate
                                 this Agreement at any time by sending notice of
                                 such termination to BMW NA, by certified mail,
                                 return receipt requested, telegram, or
                                 overnight mail service sixty (60) days in
                                 advance of the effective date thereof.

Immediate Termination            (b) Except to the extent a greater notice
by BMW NA for Cause              period is required by any applicable statute,
                                 in which case the minimum notice period shall
                                 be deemed to be the minimum period required by
                                 such law, BMW NA shall have the right to
                                 terminate this Agreement for cause, with
                                 immediate effect, by sending notice of such
                                 termination to Center by certified mail return
                                 receipt requested, telegram, or overnight mail
                                 service, if any of the following events should
                                 occur:

                                 (1) Any material misrepresentation by any of
                                     the persons listed in Article C of the
                                     Center Agreement as to any fact relied
                                     upon by BMW NA in entering into this
                                     Agreement or approving such persons;

                                 (2) Conviction of Center or of any of the
                                     persons listed in Article C of the Center
                                     Agreement, or pleading guilty or pleading
                                     nolo contendre by any of the foregoing, of
                                     any felony or for any material violation of
                                     law if BMW NA has reason to believe that
                                     such conviction or plea may adversely
                                     affect the conduct of Center's BMW Car
                                     Operations or would tend to be harmful to
                                     BMW, BMW NA, the reputation of BMW
                                     Products, or the marketing of BMW Products;

                                 (3) Submission by Center to BMW NA of false or
                                     fraudulent reports, statements, or
                                     information, or false or fraudulent claims
                                     for reimbursement, refunds, or credits,
                                     such as, for example, false or fraudulent
                                     warranty claims;

                                 (4) Grossly negligent or willful conduct on the
                                     part of Center or of any of the persons
                                     listed in Article C of the Center Agreement
                                     that BMW NA determines, in the reasonable
                                     exercise of its

                                       41

<PAGE>

                                     discretion, to be harmful to the goodwill
                                     of BMW or BMW NA, the reputation of BMW
                                     Products, or the marketing of BMW Products;

                                 (5) Closure or cessation of Center's BMW Car
                                     Operations for a period of six (6)
                                     consecutive business days, unless such
                                     closure or cessation of operation is caused
                                     by some event beyond the control of the
                                     Center, such as strikes, civil war, riots,
                                     fires, floods, earthquakes, or other acts
                                     of God, and Center does not immediately
                                     resume its customary operations after the
                                     cause of the closure or cessation of
                                     operations is removed;

                                 (6) Dissolution or liquidation of Center, if a
                                     partnership or corporation;

                                 (7) Insolvency or business failure of Center,
                                     Center's inability to pay its debts as such
                                     debts become due, appointment of a receiver
                                     or custodian for all or any part of the
                                     property of Center, assignment for the
                                     benefit of creditors by Center, the
                                     commencement of a case or proceeding under
                                     any bankruptcy or insolvency laws by or
                                     against Center or any person or entity
                                     owning or holding, beneficially or
                                     otherwise, a majority or controlling
                                     interest in Center, or the subjection of
                                     all or any BMW Products to execution or
                                     other judicial process;

                                 (8) Termination of BMW NA's authorization as a
                                     BMW importer;

                                 (9) The conduct, directly or indirectly, of any
                                     dealership operation at any location, other
                                     than that specifically approved herein for
                                     such operation, without the prior written
                                     approval of BMW NA;

                                (10) Any attempted or actual sale, transfer, or
                                     assignment by Center of the Center's
                                     assets, any ownership interest in the
                                     Center, this Agreement, or any of the
                                     rights granted to Center hereunder, or any
                                     attempted or actual transfer, assignment,
                                     or delegation by Center of any of the
                                     responsibilities assumed by it under this
                                     Agreement, without the prior written
                                     consent and approval of BMW NA, including,
                                     but not limited to, any attempted or actual
                                     sale, transfer, or assignment of Center's
                                     assets or any ownership interest in the
                                     Center relating to the

                                       42

<PAGE>

                                     conduct of BMW Car Operations hereunder: a)
                                     separate and apart from the assets or
                                     ownership interests relating to the conduct
                                     of BMW SAV Operations under the BMW SAV
                                     Center Agreement, if and only if the Center
                                     is also an authorized dealer of BMW Sports
                                     Activity Vehicles pursuant to the separate
                                     and distinct SAV Center Agreement; b) to a
                                     person, partnership, trust, corporation, or
                                     other entity that does not own or operate
                                     BMW SAV Operations, if and only if the
                                     Center is also an authorized dealer of BMW
                                     Sports Activity Vehicles pursuant to the
                                     separate and distinct SAV Center Agreement;
                                     or c) to a person or entity that does not
                                     meet BMW NA's appointment criteria for a
                                     BMW Car Center Agreement;

                                (11) Any attempted or actual sale, transfer, or
                                     assignment of Center assets or stock that
                                     does not comply with the ownership
                                     limitations set forth in this Agreement or
                                     BMW NA's ownership policies or procedures;

                                (12) Any change of a Center's executive
                                     management without BMW NA's prior written
                                     consent and approval;

                                (13) Any attempted or actual pledging of Center
                                     stock or this Agreement as security for an
                                     obligation;

                                (14) The termination of, or any conduct that
                                     warrants the termination of, the SAV Center
                                     Agreement, if and only if the Center is
                                     also an authorized dealer of BMW Sports
                                     Activity Vehicles pursuant to the separate
                                     and distinct SAV Center Agreement;

                                (15) The loss of licenses, permits, or
                                     authorization necessary for Center to
                                     perform its obligations under this
                                     Agreement; and

                                (16) Any dilution or attempt to dilute the BMW
                                     brand or trademarks, the infringement of
                                     BMW trademarks, or the violation of the
                                     trademark provisions in this Agreement or
                                     BMW or BMW NA trademark policies or
                                     guidelines.

Termination by BMW NA            (c) Except to the extent a greater notice
on Sixty (60) Days               period is required by any applicable
Notice                           statute, in which case the notice period shall
                                 be deemed to be the period required by such
                                 statute, BMW NA shall have the right to
                                 terminate this Agreement, on sixty (60) days
                                 notice, if any of

                                       43

<PAGE>

                                 the following situations exist and BMW NA has
                                 previously sent a written notice to Center with
                                 respect thereto:

                                 (1) Any disagreement or personal difficulties
                                     between or among any of the persons listed
                                     in Article C of the Center Agreement which
                                     BMW NA has a reasonable basis to believe
                                     would have a materially adverse effect on
                                     the conduct of Center's BMW Car Operations
                                     or the presence in the management of Center
                                     of any person who BMW NA has a reasonable
                                     basis to believe does not have the
                                     requisite qualifications for the position;

                                 (2) Impairment of the reputation or financial
                                     standing of Center or any of the persons
                                     listed in Article C of the Center Agreement
                                     or ascertainment by BMW NA of any facts
                                     existing at or prior to the time of
                                     execution of this Agreement which tend to
                                     impair such reputation or financial
                                     standing;

                                 (3) Any reduction in value of Center's BMW
                                     Products or any act on the part of the
                                     Center, including without limitation, the
                                     existence of any liens or encumbrances upon
                                     BMW Products, which to any degree imperils
                                     the prospect of full performance or
                                     satisfaction of the Obligations of Center
                                     to BMW NA; or any change in the financial
                                     or other condition of Center which BMW NA
                                     has reason to believe unreasonably impairs
                                     BMW NA's security or increases its risk
                                     hereunder. By way of example, such
                                     impairments might include failure to pay
                                     for BMW Products in accordance with the
                                     terms and conditions of sales and failure
                                     to establish and/or maintain for the
                                     duration of the Agreement, net working
                                     capital and/or adequate exclusive
                                     unrestricted wholesale lines of credit;

                                 (4) The importation, exportation, distribution,
                                     or sale of: (a) BMW vehicles which are not
                                     originally manufactured or designed for use
                                     in the United States; or (b) BMW Products:
                                     (i) for resale in the United States;
                                     (ii) for resale or use outside the United
                                     States; or (iii) in violation of BMW NA's
                                     Export Policy.

                                 (5) Refusal to permit BMW NA to examine or
                                     audit Center's accounts and records as
                                     provided herein upon receipt by Center from
                                     BMW NA of written notice requesting such

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<PAGE>

                                     permission or information;

                                 (6) Failure of Center to furnish accurate sales
                                     or financial information and failure to
                                     submit the information and related
                                     supporting data in a timely fashion;

                                 (7) Subject to provisions contained herein with
                                     regard to any change in ownership occurring
                                     by reason of the death or permanent
                                     disability of Center's Owner(s), any change
                                     in Center's Owner(s) holding a majority or
                                     controlling ownership interest in Center,
                                     or any change, whether voluntary or by
                                     operation of law, in the ownership of
                                     beneficial interests in Center, or any
                                     appointment of Center Operator, without the
                                     prior written consent of BMW NA;

                                 (8) Center's failure to take any actions
                                     pursuant to the National Highway Traffic
                                     Safety Administration and Motor Vehicle
                                     Safety Act of 1966, the Consumer Product
                                     Safety Act, the Magnuson-Moss Warranty Act,
                                     damage disclosure statutes, or any other
                                     law, statute, or regulation pertaining to
                                     safety, air pollution, noise control, or
                                     warranties to consumers which may be
                                     required of motor vehicle dealers or which
                                     BMW NA may request in implementing any
                                     action undertaken by BMW NA or BMW; or

                                 (9) Any breach or violation of any material
                                     obligation contained in this Agreement or
                                     in connection with any transaction between
                                     BMW NA and Center, or the failure of Center
                                     to satisfy any Deficiency(s) contained in
                                     the Improvement Addendum, or any material
                                     failure by Center to comply with a
                                     requirement established by BMW NA and
                                     communicated to Center in accordance with
                                     this Agreement.

                                 During the period such a situation as defined
                                 in this Paragraph 12 continues to exist, BMW NA
                                 may modify its terms of payment with respect to
                                 Center to such extent as BMW NA may consider
                                 appropriate, irrespective of Center's credit
                                 standing or payment record.

                                       45

<PAGE>

Termination upon                 (d) BMW NA may terminate this Agreement at any
Offering to Enter into a         time by providing Center with ninety (90) days
New or Amended BMW               prior notice thereof and offering to enter
Car Center Agreement             into a new or amended form of BMW Car Center
                                 Agreement with Center in a form being generally
                                 offered to eligible or qualified BMW Car
                                 Centers in accordance with Article H.

Termination for Failure          (e) If BMW NA fails to obtain or maintain any
of BMW NA to be                  license, permit, or authorization necessary for
Licensed                         BMW NA's performance of its obligations
                                 under this Agreement or if any such license,
                                 permit, or authorization is suspended or
                                 revoked, and such suspension or revocation
                                 continues for a period of six (6) consecutive
                                 business days, either party may terminate this
                                 Agreement by providing written notice to the
                                 other party.

No Waiver by Failure to          (f) In the event BMW NA shall be entitled to
Terminate                        terminate this Agreement pursuant to the
                                 provisions of Paragraph 12 (b) or (c), but
                                 shall fail to do so, such failure shall not be
                                 considered a waiver of the rights of BMW NA to
                                 so terminate the Agreement.

Termination upon Death           (g) Death or permanent disability of any of
or Permanent Disability          Center's Owners holding a majority or
                                 controlling ownership interest in Center or the
                                 permanent disability of Center Operator may, at
                                 BMW NA's option, result in the termination of
                                 this Agreement, upon written notice by BMW NA
                                 to Center. BMW NA shall provide such notice
                                 within a reasonable time after such death or
                                 permanent disability. Termination hereunder
                                 shall be effective sixty (60) days from the
                                 date of such notice.

Successor in Event of            (h) Notwithstanding the provisions in Paragraph
Death or Permanent               12 (g), in the event of the death or permanent
Disability                       disability of any of the Center's Owners, if
                                 the beneficial interest in Center passes
                                 directly to the surviving spouse and children,
                                 or to any of them, and if:

                                 (1) Either or both of the persons included in
                                 Article C(4) and (5) of the BMW Car Center
                                 Agreement remain(s) unchanged; or

                                       46

<PAGE>
                                 (2)   Within ninety (90) days after the death
                                       or permanent disability of such Center
                                       Owners, arrangements are completed for
                                       the assumption of the management of
                                       Center by persons acknowledged in writing
                                       by BMW NA to be satisfactory to it;

                                 then BMW NA will not terminate the Agreement by
                                 reason of such death or permanent disability
                                 before the end of twelve (12) months after the
                                 death or permanent disability of such Center
                                 Owners and, if the Agreement expires sooner
                                 than twelve (12) months after the death or
                                 permanent disability of such Center Owners, BMW
                                 NA will offer to enter into a new Agreement
                                 with Center for an extension period equal to
                                 the difference between twelve (12) months and
                                 the number of days between the date of death or
                                 permanent disability of such Center Owners and
                                 the expiration date of this Agreement. Such new
                                 Agreement will be in substantially the same
                                 form as the Agreement then currently offered by
                                 BMW NA to its Centers. Prior to the expiration
                                 of such extension period and after completion
                                 of BMW NA's evaluation of the performance of
                                 Center's management during such period, BMW NA
                                 will review with Center the changes, if any, in
                                 the management or equity interests of Center
                                 required by BMW NA as a condition to renewing
                                 or extending the aforementioned new Agreement
                                 with Center.

Successor Nominee                (i) Center may amend the Center Agreement to
                                 nominate a Successor, designating proposed
                                 Center Owners of a Successor Center to be
                                 established if this Agreement is terminated
                                 because of death or permanent disability. A
                                 Successor Nominee, however, must be an
                                 individual and shall not be a trust,
                                 partnership, corporation, or any other entity.
                                 Center may also cancel a Successor Nominee by
                                 providing notice to BMW NA that it intends to
                                 amend the Center Agreement to delete and/or
                                 substitute a new Successor Nominee. The request
                                 to amend the Center Agreement or to cancel a
                                 Successor Nominee must be executed by all of
                                 Center's Owners and be received by BMW NA prior
                                 to such death or permanent disability. In the
                                 case of the nomination of a Successor, any
                                 proposed Center Owners must be acceptable to
                                 BMW NA. If a Successor Nominee is not
                                 acceptable to BMW NA, Center and BMW NA will
                                 create a developmental plan which, if
                                 successfully

                                       47

<PAGE>

                                 accomplished, will qualify the Successor
                                 Nominee to eventually become a Center Owner.

                                 In the case of cancellation of a Successor
                                 Nominee, BMW NA agrees to delete the name of
                                 the party listed in Article C(6) upon receipt
                                 of that notice. If, due to changed
                                 circumstances, BMW NA believes or has a
                                 reasonable basis to believe the Successor
                                 Nominee is or should be disqualified, BMW NA
                                 will notify Center that the proposed owner is
                                 no longer acceptable. A subsequent Successor
                                 Nominee will be designated or a developmental
                                 plan will be created by mutual agreement
                                 between BMW NA and Center.

                                 If BMW NA has notified Center Owners in writing
                                 before the death or permanent disability of
                                 such owners that BMW NA does not plan to
                                 continue to have a center at Center's location,
                                 BMW NA shall accept a Successor Nominee upon
                                 the Successor's written commitment to relocate
                                 Center's BMW Car Operations within a reasonable
                                 time to a mutually acceptable location.

                                       48
<PAGE>

                     PARAGRAPH 13 - CONTINUATION OF BUSINESS
                                    RELATIONS

Continuation of                  (a) This Agreement can be extended or renewed
Business Relations After         only through an express written instrument to
Expiration or Prior              that effect executed in accordance with Article
Termination                      K of the Center Agreement. Any business
                                 relations of any nature whatsoever between BMW
                                 NA and Center after the expiration of the
                                 Agreement, or after its prior termination
                                 pursuant to Paragraph 12, without such written
                                 instrument, shall not operate as an extension
                                 or renewal of the Agreement. Nevertheless, all
                                 such business relations, so long as they are
                                 continued, shall be governed by terms identical
                                 with the provisions of this Agreement.

                                       49
<PAGE>
                   PARAGRAPH 14 - RIGHTS AND LIABILITIES UPON
                         EXPIRATION OR PRIOR TERMINATION

Cancellation of Pending          (a) Upon the expiration or prior termination of
Orders and Post                  this Agreement all pending orders of Center for
Expiration and                   BMW Products previously accepted by BMW NA
Termination Obligations          will be considered canceled and Center shall
                                 immediately do the following:

                                 (1)   BMW Signs - Center shall remove, at its
                                       own expense, all BMW signs displayed at
                                       Center's Facility and sell and deliver
                                       the same to BMW NA at Center's Facility
                                       in suitable condition and packing for
                                       transportation. Promptly following such
                                       delivery, BMW NA will pay to Center,
                                       Center's purchase price for such signs
                                       reduced by straight-line depreciation on
                                       the basis of a seven-year useful life;

                                 (2)   Discontinuance of Use of BMW Trademarks -
                                       Center acknowledges that the license and
                                       right to the use of the BMW trademarks
                                       ceases upon Center's voluntary
                                       resignation or termination as a Center,
                                       or upon the expiration of this Agreement,
                                       whichever occurs first. In such event,
                                       Center shall immediately cease holding
                                       itself out as a BMW dealer and refrain
                                       from using BMW trademarks and trade names
                                       in any fashion whatsoever. Moreover,
                                       Center agrees not to use any similar
                                       trademarks or trade names and shall
                                       refrain from any other activity which
                                       states or implies that it is authorized
                                       to deal in or service BMW Products. If
                                       Center shall refuse or neglect to comply
                                       with the provisions of Paragraph 14(a)(1)
                                       and (2), Center agrees that BMW and BMW
                                       NA shall suffer irreparable harm from the
                                       unauthorized use of BMW trademarks and/or
                                       trade names. Furthermore, Center shall
                                       reimburse BMW NA for all costs and
                                       expenses (including attorneys fees)
                                       incurred by BMW NA in connection with
                                       legal proceedings to require Center's
                                       compliance;

                                 (3)   Orders and Files - Center shall transfer
                                       to BMW NA, or BMW NA's designee or
                                       designees, all orders for sale by Center
                                       of BMW Vehicles and Original BMW Parts
                                       then pending with

                                       50
<PAGE>

                                       Center, all deposits made thereon,
                                       whether in cash or in kind, and all of
                                       its warranty files and files of
                                       prospective customers for BMW Products,
                                       or complete copies of all such files;

                                 (4)   Customer Lists - Center shall provide BMW
                                       NA with the correct names, addresses, and
                                       telephone numbers of all customers who
                                       purchased BMW Vehicles from Center and
                                       the service records of all current and
                                       active service customers. To the extent
                                       they are available for such customers,
                                       Center will provide BMW NA with correct
                                       facsimile numbers and e-mail addresses
                                       for the customers; and

                                 (5)   Literature - Center shall deliver to BMW
                                       NA at BMW NA's place of business, or to
                                       BMW NA's designee or designees, free of
                                       charge, any and all technical or service
                                       literature, advertising, other printed
                                       material, compact discs, diskettes, and
                                       any other technological medium relating
                                       to BMW Products then in Center's
                                       possession which were acquired or
                                       obtained by Center from BMW NA, such as,
                                       for example, sales instruction manuals
                                       and promotional materials.

Purchase of Center's             (b) Within ninety (90) days of the expiration
Inventory of BMW                 or prior termination of this Agreement and
Products by BMW NA               provided further that all of Center's
                                 Obligations to BMW NA have been paid or
                                 satisfied in full, BMW NA, upon Center's
                                 compliance with the provisions hereinafter set
                                 forth, will purchase from Center and Center
                                 will sell and deliver to BMW NA, the following:

                                 (1)   New BMW Vehicle Inventory - BMW NA will
                                       purchase all new, unused, undamaged, and
                                       unmodified BMW Vehicles then unsold in
                                       Center's inventory which are in
                                       first-class salable condition and of the
                                       then current model year or the
                                       immediately preceding model year,
                                       provided that such BMW Vehicles were
                                       purchased by Center from BMW NA (or in
                                       the ordinary course of business from
                                       other Centers). The price for such BMW
                                       Vehicles shall be the Net Purchase Price
                                       at which they were originally purchased
                                       from BMW NA;

                                 (2)   New Original BMW Parts Inventory - BMW NA
                                       will purchase all new, unused, and
                                       undamaged Original BMW Parts (other than

                                       51
<PAGE>

                                       the special BMW tools specifically
                                       covered in Paragraph 14(b)(3) below), in
                                       original packaging, not classified as
                                       obsolete or "special" by BMW NA, and
                                       listed in the then current BMW Parts
                                       Price List, then unsold in Center's
                                       inventory which are in first-class,
                                       salable condition; provided such Original
                                       BMW Parts were purchased by Center from
                                       BMW NA. The price at which BMW NA will
                                       purchase such Original BMW Parts shall be
                                       the price last established by BMW NA
                                       under the BMW NA standard parts order for
                                       the sale of identical Original BMW Parts
                                       to centers, less a 15% handling and
                                       restocking charge; and

                                 (3)   Special BMW Tools - BMW NA will purchase
                                       all required special BMW tools applicable
                                       to BMW Vehicles including electronic
                                       testing equipment and computer hardware
                                       and software, if any, provided that such
                                       tools were purchased by Center from BMW
                                       NA, and provided any sets of such tools
                                       are complete and no parts or components
                                       are missing or otherwise unusable. The
                                       price at which BMW NA will purchase such
                                       special BMW tools shall be reasonably
                                       determined by BMW NA, but in no event
                                       will such price be less than Center's
                                       purchase price for such tools reduced by
                                       straight-line depreciation on the basis
                                       of a three-year useful life.

                                 Any and all items to be sold by Center to BMW
                                 NA pursuant to the provisions of Paragraph
                                 14(b)(2) and (3) shall be delivered by Center
                                 to BMW NA at Center's Facilities in suitable
                                 condition and boxed and/or packed for
                                 transportation, which transportation shall be
                                 at BMW NA's expense. In the event Center fails
                                 to so box and pack any Original BMW Parts or
                                 special BMW tools to be sold hereunder, BMW NA
                                 may do so and deduct the expenses of such
                                 boxing and packing from the applicable price
                                 thereof.

                                 As a condition precedent to the obligations of
                                 BMW NA under Paragraph 14(b) to repurchase any
                                 BMW Vehicles, Original BMW Parts, or special
                                 BMW tools, Center shall permit BMW NA and BMW
                                 NA'S designee or designees, at such time and
                                 for such periods of time as BMW NA reasonably
                                 shall determine, to enter Center's Facility for
                                 the purpose of inspection and/or taking an
                                 inventory of all or any part of Center's stock
                                 of BMW Vehicles,

                                       52
<PAGE>

                                 Original BMW Parts, and special BMW tools. At
                                 the request of BMW NA, Center shall comply in
                                 all respects with the provisions of all
                                 applicable bulk sales acts or similar statutes
                                 protecting a transferee of personal property
                                 with respect to liabilities of the transferor.

                                 In making payments in accordance with Paragraph
                                 14(b), BMW NA reserves the right to do the
                                 following:

                                       (i)     To pay any financial institution
                                               retaining a security interest in
                                               any of the items to be
                                               repurchased by BMW NA such sums
                                               as are necessary to obtain good,
                                               unencumbered, and marketable
                                               title to such items;

                                       (ii)    To pay any claimant, in
                                               accordance with any applicable
                                               statute, such sums as may be
                                               necessary to acquire good,
                                               unencumbered, and marketable
                                               title, free of any interest,
                                               right or claim of such claimant,
                                               to the items being repurchased by
                                               BMW NA; and

                                       (iii)   To set off the amount due Center
                                               including, without limitation,
                                               amounts due Center from BMW NA
                                               for the repurchase of BMW
                                               Products hereunder against any
                                               amount which may be due BMW NA
                                               from Center, including, without
                                               limitation, reimbursement of
                                               expenses incurred by BMW NA
                                               pursuant to (i) or (ii) above.

                                 Notwithstanding anything to the contrary
                                 contained in Paragraph 14, in no event will BMW
                                 NA be required to purchase any item from Center
                                 unless Center is able to convey title to such
                                 item free and clear of all liens, claims,
                                 encumbrances, and security interests.

                                       53
<PAGE>

                      PARAGRAPH 15 - OWNERSHIP CHANGES AND
                             TRANSFERS OF AGREEMENT

Transfer, Sale, or               (a) (1) In view of the nature, purposes, and
Assignment of                    objectives of BMW NA and this Agreement, and
Agreement by Center              the differences in operating requirements among
                                 dealerships of differing sizes and types of
                                 markets, BMW NA expressly reserves the right to
                                 select the centers with whom it will enter into
                                 such agreements so as to maintain a high
                                 quality network of centers. Furthermore, Center
                                 agrees that BMW NA has the right to approve or
                                 decline to approve any prospective purchaser
                                 based on his, her, or its character,
                                 reputation, automotive experience, performance
                                 (including, but not limited to, customer
                                 satisfaction, market penetration, and
                                 profitability), potential impact on the BMW
                                 brand, management, compliance with BMW NA's
                                 ownership policies, procedures, and
                                 limitations, compliance with the law and
                                 agreements, capital, financial qualifications,
                                 or other qualifications for appointment as an
                                 owner of a center.

                                 (2) Center shall not transfer, sell, or assign,
                                 or attempt to transfer, sell, or assign, the
                                 Center's assets, any ownership interest in the
                                 Center, or this Agreement, or sell or transfer
                                 any right or delegate any duty, obligation, or
                                 responsibility of Center under this Agreement,
                                 without the prior written consent and approval
                                 of BMW NA. If a transfer, sale, or assignment
                                 of a Center's stock or assets is approved by
                                 BMW NA, then BMW NA shall offer the transferee
                                 or assignee of Center the right to enter into a
                                 new Agreement in substantially the same form as
                                 the Agreement then currently offered by BMW NA
                                 to its Centers.

                                 (3) Center agrees that it shall not sell or
                                 transfer Center's assets or any ownership
                                 interest in its BMW Car Operations hereunder
                                 separate and apart from the assets or ownership
                                 interests in its BMW SAV Operations, if and
                                 only if the Center is also an authorized dealer
                                 of BMW Sports Activity Vehicles pursuant to the
                                 separate and distinct SAV Center Agreement.

                                       54
<PAGE>

Ownership Policies an            (b) BMW NA fully incorporates by reference its
Procedures                       ownership policies and procedures into this
                                 Agreement.

Ownership Limitations            (c) (1) The combined SPG of all the BMW centers
                                 owned directly or indirectly by any individual,
                                 partnership, trust, corporation, or other
                                 entity cannot exceed 5% of the SPG of all BMW
                                 centers in the United States at any time. BMW
                                 NA can withhold its consent to any change of
                                 ownership that would take any individual's
                                 partnership's, trust's, corporation's, or other
                                 entity's direct or indirect ownership interest
                                 above 5%. Center acknowledges and agrees that
                                 BMW NA's 5% ownership limit is fair and
                                 reasonable.

                                 (2) In any metropolitan area defined by BMW NA
                                 as a multiple point market no individual,
                                 partnership, trust, corporation, or any other
                                 entity can directly or indirectly own an
                                 interest in more than 50% of the BMW centers in
                                 the market. BMW NA can withhold its consent to
                                 any change of ownership that would violate this
                                 Paragraph. Center acknowledges and agrees that
                                 the ownership limit described in this Paragraph
                                 is fair and reasonable.

                                       55
<PAGE>

                    PARAGRAPH 16 - FACILITIES AND SATELLITES

Facility and Satellite           (a) Center shall operate its BMW Car Operations
Authorization                    only at the authorized locations listed in
                                 Article D of the Agreement. Any proposed change
                                 in the Center's authorized locations, including
                                 the establishment or relocation of satellite
                                 locations, requires BMW NA's prior written
                                 consent. To the extent that a proposed change
                                 is approved and involves the establishment or
                                 relocation of a satellite of the Center
                                 authorized to operate under this Agreement, the
                                 location of the satellite shall be listed in
                                 Article D of the Agreement and shall be
                                 identified as a satellite. Accordingly, such a
                                 listing and identification constitutes
                                 authorization to operate a satellite under this
                                 Agreement and a new Center Agreement shall not
                                 be issued. Center agrees that satellite
                                 locations are not necessarily permanent and
                                 that Center shall discontinue operations at a
                                 satellite upon receipt of sixty (60) days
                                 written notice from BMW NA. Center further
                                 agrees that the termination or withdrawal of
                                 approval of a satellite does not constitute the
                                 termination or failure to renew this Agreement.

Approved Locations for           (b) At all times hereunder, Center shall
Center Facilities                 conduct its BMW Center Operations hereunder in
                                 conjunction with, and at the approved locations
                                 and center facilities for, its BMW SAV
                                 Operations, if and only if the Center is also
                                 an authorized dealer of BMW Sports Activity
                                 Vehicles pursuant to the separate and distinct
                                 SAV Center Agreement.

Facilities Compliance            (c) Recognizing that Center's Facilities affect
                                 Center's ability to discharge properly its
                                 responsibilities under this Agreement and the
                                 Center Operating Requirements Addendum, Center
                                 will ensure that Center's Facilities comply
                                 with the applicable provisions of this
                                 Agreement, including such reasonable
                                 requirements and standards as BMW NA may
                                 prescribe from time to time.

Consent                          (d) Center must obtain BMW NA's prior written
                                 approval for all locations and facilities from
                                 which pre-owned BMWs are sold,

                                       56
<PAGE>

                                 including certified pre-owned BMWs. BMW NA's
                                 approval of such locations will not be
                                 unreasonably withheld.

                                       57
<PAGE>
                         PARAGRAPH 17 - INDEMNIFICATION

Indemnification by BMW           (a) Subject to the provisions of Paragraph 17,
NA                               BMW NA shall indemnify and hold Center harmless
                                 against any judgment which may be rendered
                                 against Center, plus reasonable attorneys fees
                                 and court costs, resulting from lawsuits
                                 seeking monetary damages commenced against
                                 Center by third parties concerning:

                                 (1)   Bodily injury or property damage
                                       (including damage to BMW Products)
                                       claimed to have been caused by an alleged
                                       defect in the design, manufacture, or
                                       assembly of BMW Products; provided,
                                       however, that any claimed defect in
                                       manufacture or assembly was not such as
                                       should have been detected by Center in a
                                       reasonable inspection of the BMW
                                       Products, whether in the performance of
                                       the Center's pre-delivery inspection and
                                       conditioning, during the course of repair
                                       and/or maintenance, or otherwise;

                                 (2)   Failure of BMW Products to conform,
                                       because of changes in standard equipment
                                       or material component parts, to any
                                       description thereof set forth in
                                       advertisements or product brochures made
                                       available to Center by BMW NA and
                                       allegedly relied on by the first retail
                                       purchaser thereof, unless Center shall
                                       have received written notice of such
                                       changes from BMW NA prior to the date of
                                       delivery of the affected BMW Product to
                                       such purchaser; or

                                 (3)   Any damage to BMW Products repaired by
                                       BMW NA prior to the time any affected BMW
                                       Product is delivered to the Center,
                                       unless Center shall have received notice
                                       of such damage and repair from BMW NA
                                       prior to the date of delivery of the
                                       affected BMW Product to the first retail
                                       purchaser thereof.

                                 In    the event that any lawsuit making
                                       allegations as set forth in (1) through
                                       (3) above is brought naming Center as a
                                       defendant, BMW NA will, following receipt
                                       of notice as provided in subparagraph (c)
                                       of

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<PAGE>
                                 this Paragraph, undertake at its sole expense
                                 and through counsel selected or approved by BMW
                                 NA, the defense of said action on behalf of
                                 Center.

                                 BMW NA is specifically authorized by Center to
                                 settle or to continue to defend any such
                                 lawsuit brought against Center, provided that
                                 BMW NA shall be solely liable for the payment
                                 of the amount of any settlement which it
                                 effects or judgment that is rendered.

                                 Should BMW NA for any reason refuse to
                                 undertake the defense of Center when it is
                                 otherwise obligated to do so under this
                                 subparagraph, Center may conduct its own
                                 defense and, in that event, BMW NA's liability
                                 shall be limited solely to the costs of such
                                 defense, including reasonable attorneys fees,
                                 court costs, and the amount of any judgment or
                                 final settlement paid by Center (provided,
                                 however, that Center shall notify BMW NA in
                                 writing within twenty (20) days of such
                                 judgment or settlement).

                                 BMW NA shall have the right to decline to
                                 accept Center's defense or, after accepting the
                                 defense but prior to trial, to tender the
                                 defense back to Center, and Center shall accept
                                 such tender if BMW NA reasonably concludes that
                                 the allegations or claims being pursued are no
                                 longer those set forth in (1) through (3)
                                 above.

Indemnification by               (b) Subject to the provisions of Paragraph 17,
Center                           Center shall indemnify and hold BMW NA harmless
                                 against any judgment which may be rendered
                                 against BMW NA, plus reasonable attorneys fees
                                 and court costs, resulting from lawsuits
                                 seeking monetary damages commenced against BMW
                                 NA by third parties concerning:

                                 (1)   Center's alleged failure to perform or
                                       negligent or willfully malfeasant
                                       performance of: (1) the service
                                       obligations assumed by it pursuant to
                                       Paragraph 6 of this Agreement; or (ii)
                                       any maintenance or repair service on BMW
                                       Products or such other motor vehicles or
                                       products as may be sold or serviced by

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<PAGE>

                                       Center;

                                 (2)   Center's alleged breach of any contract
                                       between Center and Center's customer;
                                       provided, however, that the breach was
                                       not caused by any act or omission on the
                                       part of BMW NA which BMW NA unreasonably
                                       failed to notify Center of prior to the
                                       date of Center entering into the contract
                                       with its customer; or

                                 (3)   Center's alleged independent warranties,
                                       misleading statements,
                                       misrepresentations, or unfair or
                                       deceptive acts or practices, whether
                                       through advertisements or otherwise,
                                       affecting any individual or entity;
                                       provided, however, that the alleged
                                       warranties, statements, representations,
                                       deceptive acts or practices or
                                       advertisements are not based on
                                       information or material produced or
                                       supplied by BMW NA and are not
                                       subsequently superseded or withdrawn by
                                       BMW NA upon notification to Center.

                                 In the event that any lawsuit making
                                 allegations as set forth in (1) through (3)
                                 above is brought naming BMW NA as a defendant,
                                 Center will, following receipt of notice as
                                 provided in Paragraph 17(c), undertake at its
                                 sole expense and through counsel selected by
                                 Center and approved by BMW NA, the defense of
                                 said action on behalf of BMW NA. Center is
                                 specifically authorized by BMW NA to settle or
                                 to continue to defend any such lawsuit brought
                                 against BMW NA, provided that Center shall be
                                 solely liable for the payment of the amount of
                                 any settlement which it effects or judgment
                                 that is rendered.

                                 Should Center for any reason refuse to
                                 undertake the defense on behalf of BMW NA when
                                 it is otherwise obligated to do so under this
                                 subparagraph, BMW NA may conduct its own
                                 defense and, in that event, Center's liability
                                 shall be limited solely to the costs of such
                                 defense including reasonable attorneys fees,
                                 court costs, and the amount of any judgment or
                                 final settlement paid by BMW NA (provided,
                                 however, that BMW NA shall notify Center in
                                 writing within

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<PAGE>

                                 twenty (20) days of such judgment or
                                 settlement).

                                 Center shall have the right to decline to
                                 accept BMW NA's defense or, after accepting the
                                 defense but prior to trial, to tender the
                                 defense back to BMW NA, and BMW NA shall accept
                                 such tender, if Center reasonably concludes
                                 that the allegations being pursued are no
                                 longer those set forth in (1) through (3)
                                 above.

Notification                     (c) Whenever a lawsuit is commenced against
                                 either BMW NA or Center or both of them, and
                                 either party seeks indemnification from the
                                 other, each shall, within fifteen (15) days
                                 after service of the complaint notify the other
                                 in writing of any request to assume its defense
                                 and to indemnify it, and shall provide at the
                                 time copies of any pleadings or other court
                                 papers which have been served upon the party
                                 giving notice, as well as all information then
                                 available regarding the first customer, the
                                 plaintiff, and the circumstances giving rise to
                                 the suit.

                                 IN THE EVENT THIS PROVISION IS FOR ANY REASON
                                 NOT COMPLIED WITH, SUBPARAGRAPHS (a) AND (b) OF
                                 PARAGRAPH 17 SHALL NOT APPLY FOR PURPOSES OF
                                 THAT LAWSUIT OR WITH RESPECT TO ANY CLAIM OR
                                 LAWSUIT ARISING OUT OF ALLEGATIONS OR
                                 TRANSACTIONS ANTEDATING THE FIRST CLAIM OR
                                 LAWSUIT INVOLVING THE AFFECTED BMW PRODUCT.

                                 The request to assume the defense and to
                                 indemnify shall be accepted or rejected, in
                                 writing, by the party to whom it is delivered
                                 within thirty (30) days following its receipt.
                                 Prior to receipt of a response to its request,
                                 each party agrees to take all reasonable steps
                                 to ensure that the defense to the action is in
                                 no way prejudiced, whether by action or
                                 inaction. If the request is accepted, the party
                                 making the request shall cooperate fully in the
                                 defense of the suit in such manner and to such
                                 extent as the party assuming the defense may
                                 reasonably require; provided, however, that
                                 subparagraphs (a) and (b) of Paragraph 17 shall
                                 be applicable commencing with the date on which
                                 the request is accepted and any expenses or
                                 other obligations incurred prior to such
                                 acceptance

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<PAGE>

                                 by the party making the request shall be borne
                                 solely by such party.

Allegations Involving            (d) If at any time in a lawsuit it is alleged
Both BMW NA And                  that there is liability on the part of both BMW
Center                           NA (on any or all of the bases set forth in
                                 Paragraph 17(a)) and Center (on any or all of
                                 the bases set forth in Paragraph 17(b)), each
                                 party shall be responsible for its own defense,
                                 including costs and attorneys fees, unless at
                                 any time after the commencement of such suit
                                 one party offers to undertake the total defense
                                 and the other party agrees thereto in writing,
                                 in which event the provisions of subparagraphs
                                 (a) and (b) hereof shall be controlling, as
                                 appropriate to the circumstances of such
                                 agreement.

                                 The responsibility of BMW NA or Center for its
                                 own defense pursuant to this subparagraph (d),
                                 or pursuant to any other circumstances not
                                 within the scope of Paragraph 17, shall in no
                                 way affect or alter the legal rights, if any,
                                 either may have to indemnification or
                                 contribution from the other.

                                       62

<PAGE>

                    PARAGRAPH 18 - MISCELLANEOUS PROVISIONS

Approval or Consent By           (a) Any approval or consent given by BMW NA
BMW NA                           must be in writing and signed by duly
                                 authorized representatives of BMW NA.

Divisibility                     (b) If any provision of this Agreement
                                 contravenes or is prohibited by the laws of any
                                 state or other jurisdiction which are held to
                                 be applicable to this Agreement, such provision
                                 shall be limited to the extent necessary so
                                 that it will not render this Agreement invalid,
                                 unlawful or unenforceable, in whole or part,
                                 under such laws, but all other provisions of
                                 this Agreement shall remain in full force and
                                 effect.

Termination of Prior             (c) This Agreement terminates and supersedes
Agreements                       all prior written or oral agreements, if any,
                                 between BMW NA and Center relating to the
                                 subject matter hereof, except with respect to
                                 any trade indebtedness which may be owing by
                                 either BMW NA or Center to the other and except
                                 that this Agreement shall not operate to cancel
                                 any of Center's unfilled orders with BMW NA for
                                 any BMW Products placed with BMW NA pursuant to
                                 the provisions of any agreement terminated or
                                 superseded by this Agreement.

Notices                          (d) Any notices under or pursuant to the
                                 provisions of this Agreement shall be directed
                                 to the respective addresses of the parties as
                                 stated in the Center Agreement or, if either of
                                 the parties shall have specified another
                                 address by notice to the other party in
                                 writing, to the address last specified. The
                                 parties shall advise each other promptly, in
                                 writing, of any change of address.

No Implied Waivers               (a) Except as otherwise provided in this
                                 Agreement, the failure of either party at any
                                 time to require performance by the other party
                                 of any provision hereof shall in no way affect
                                 the full right to require such performance at
                                 any time thereafter, nor shall the waiver by
                                 either party of a breach of any provision
                                 hereof constitute a waiver of any succeeding
                                 breach of the same or any other provision or

                                       63

<PAGE>

                                 constitute a waiver of the provision itself.

Center Not an Agent              (f) Center is not an agent of BMW NA, and BMW
and Disclaimer of                NA owes no fiduciary duty to Center. Center
Further Liability by BMW         will conduct its BMW Car Operations on its own
NA and BMW                       behalf and for its own account. Center has no
                                 power or authority to act for or to bind BMW NA
                                 and/or BMW and shall not represent directly,
                                 indirectly, or by implication that the Center
                                 has any such power or authority. Furthermore,
                                 except as expressly provided in this Agreement,
                                 BMW NA will not be liable for any expenditure
                                 made or incurred by Center in connection with
                                 Center's performance of its obligations
                                 pursuant to the Agreement.

                                 Center agrees that it has no rights, without
                                 limitation, arising from or in connection with
                                 any agreement between BMW NA and any other BMW
                                 center and that Center is not a third party
                                 beneficiary of any such agreement. In addition,
                                 nothing herein grants Center any rights to
                                 enforce any such agreement. Center also agrees
                                 that no third party shall have any enforceable
                                 rights under this Agreement.

Accounts Payable                 (g) All monies or accounts due Center shall be
                                 net of Center's indebtedness to BMW NA, its
                                 subsidiaries, and affiliates. BMW NA may: (1)
                                 deduct any amounts due or to become due from
                                 Center to BMW NA, its subsidiaries, and
                                 affiliates; and/or (2) set-off and/or recoup
                                 any amounts due from Center from any amounts in
                                 the possession of, or being held by, BMW NA,
                                 its subsidiaries, and affiliates, relating to
                                 this Agreement or any other agreement between
                                 Center and any of those parties.

BMW NA's Continuing              (h) Except as specifically provided by any
Security Interests               other provision of this  Agreement, the
                                 security interests granted to BMW NA hereunder
                                 shall not be affected by any provision in any
                                 other instrument, including, but not limited
                                 to, invoices, purchase orders, purchase order
                                 acknowledgments, and other forms; and the terms
                                 of this Agreement relating to such security
                                 interests may only be modified, amended, or
                                 changed by a writing signed by both parties
                                 specifically referring to this Agreement.

                                       64

<PAGE>

Assignment of BMW                (i) BMW NA may assign the security interests
NA's Security Interests          granted to it under this Agreement or any part
                                 thereof, including its security interests in
                                 particular items of Collateral and, upon
                                 notifying the Center, the assignee shall be
                                 entitled to the full performance of the
                                 covenants, rights, and remedies contained in
                                 Paragraph 10 of the Agreement in so far as they
                                 apply to the Collateral assigned. Center will
                                 not assert any claims, defenses, offsets, or
                                 recoupments against the assignee that it may
                                 have against BMW NA.

Limitations Re Center            (j) Center agrees that it shall not pledge its
Stock and Assets                 stock as security for any obligations to
                                 individuals or entities, including, but not
                                 limited to, corporations, partnerships, trusts,
                                 financial institutions. Center, however, may
                                 and pledge its assets, subject to the security
                                 interests provided for in this Agreement, as
                                 security to individuals or entities,
                                 including, but not limited to, corporations,
                                 partnerships, trusts, and financial
                                 institutions (the term assets as used herein
                                 excludes stock). Center further agrees that
                                 this Agreement is not an asset of the Center
                                 and may not be pledged as security for any
                                 obligation.

BMW NA's Right to                (k) Since Center's performance of its
Specific Performance             obligations under this Agreement is of such a
                                 nature that it is impossible to measure, in
                                 money, the damages which will be suffered by
                                 BMW NA in the event Center should fail to
                                 perform any of its obligations, Center agrees
                                 that, in the event of any such failures or
                                 performance on its part, BMW NA shall be
                                 entitled to maintain an action or proceeding to
                                 compel the specific performance by Center of
                                 these obligations and Center agrees not to urge
                                 in any such action or proceedings the claim or
                                 defense that BMW NA has an adequate remedy at
                                 law.

Reservation of Rights            (l) BMW NA reserves any and all rights not
                                 expressly set forth in this Agreement.

Headings                         (m) The headings contained in this Agreement
                                 have been inserted for convenient reference
                                 only and shall not in any way affect the
                                 construction, interpretation, or meaning of the
                                 text.

                                       65

<PAGE>

Entire Agreement and             (n) This Agreement contains the entire
Representations                  agreement between BMW NA and Center. Center
                                 acknowledges that no representation or
                                 statement has been made to it on behalf of BMW,
                                 BMW NA and/or any agents, representatives, or
                                 employees of either BMW or BMW NA that in any
                                 way tend to change or modify any of the terms
                                 or provisions of the Agreement or that in any
                                 manner prevents this Agreement from becoming
                                 effective. Center further acknowledges that
                                 there is no other agreement or understanding,
                                 except those specifically provided for in this
                                 Agreement, either oral or written, between
                                 Center and BMW and/or BMW NA affecting this
                                 Agreement or relating to the subject matter
                                 hereof.

New Jersey Law                   (o) This Agreement shall be deemed to have been
                                 entered into in the State of New Jersey and
                                 shall be construed and interpreted in
                                 accordance with New Jersey law. Furthermore,
                                 any questions as to the validity of this
                                 Agreement, the performance of any of its terms
                                 and conditions, or of any contractual rights or
                                 obligations of the parties to this Agreement,
                                 shall be governed by and resolved in accordance
                                 with New Jersey law.

                                       66<PAGE>
                                                                  EXHIBIT 10.2.6

                                   [BMW LOGO]

                           BMW OF NORTH AMERICA, INC.
                              SAV CENTER AGREEMENT

<PAGE>

                           BMW OF NORTH AMERICA, INC.

                              SAV CENTER AGREEMENT

This CENTER AGREEMENT is effective as of the 1st day of December, 1999, by and
between BMW of North America, Inc. ("BMW NA"), a Delaware corporation, having
its principal place of business at 300 Chestnut Ridge Road, Woodcliff Lake, New
Jersey 07675, and

CENTER NAME: ___________________________________________________________________

CENTER LOCATION: __________________________________________________________ , a

BUSINESS TYPE:   _______________________________________________________________

(if a corporation or partnership) organized or incorporated under the laws of
the

STATE OF: __________________________________________________________________ and

DOING BUSINESS AS: _____________________________________________________________

having its principal place of business at

ADDRESS:     _______________________________________________________________, in

CITY/TOWN:   ___________________________________________________________, in the

COUNTY OF:   ___________________________________________________________, in the

STATE OF:   ____________________________________________________ ,(as "Center").

<PAGE>

                              PURPOSE OF AGREEMENT

The purpose of this Agreement is to authorize Center to operate an approved BMW
SAV Center and to set forth the responsibilities of both BMW NA and Center in
providing BMW Products and services to the consuming public.

The United States automotive market requires a fluid relationship between BMW NA
and authorized BMW SAV Centers which represent BMW Products. Mutual compliance
with the terms of this Agreement will promote the interests of both BMW NA and
Center, by providing each party an opportunity to earn a reasonable return on
its investment through developing and retaining satisfied customers, and by
building a spirit of cooperation between BMW NA and authorized BMW SAV Centers
which will increase the value and customer perception of BMW trademarks and the
BMW brand.

BMW NA and Center have entered into this Agreement with confidence in each
other's integrity, ability, and expressed intention to deal fairly with the
other party and the consuming public. Center is relying upon BMW NA's commitment
to distribute quality BMW Products which meet the needs and expectations of the
BMW customers in Center's Primary Market Area and to provide Center with a broad
range of support activities to assist Center in its retail operations. BMW NA is
relying upon Center's commitment to perform and carry out the responsibilities
of an authorized BMW Center, as set forth in this Agreement. Each party
recognizes that among other things it must rely upon the efforts of the other
party in performing successfully under this Agreement.

IN CONSIDERATION OF the foregoing and the mutual covenants herein contained, the
parties hereto agree as follows:

                                        2

<PAGE>

                                    ARTICLE A

                            APPOINTMENT OF SAV CENTER

Subject to the terms of this Agreement, BMW NA appoints Center as a dealer of
BMW Products and grants Center the non-exclusive right to buy and/or sell and/or
service BMW Products. Center accepts such appointment and agrees to be bound by
this Agreement.

While Center recognizes that its performance will be primarily measured based
upon its activities in its Primary Market Area, Center agrees that this
appointment does not confer upon it the exclusive right to deal in BMW Products
in any specific geographic area within the United States, nor does it limit the
persons within the United States to whom Center may sell BMW Products for use
therein.

Center agrees that it will not sell BMW Products for resale in the United States
or for resale or use outside the United States. In addition, Center agrees to
abide by BMW NA's Export Policy and all amendments and modifications thereto.

Center acknowledges that BMW NA reserves the right to appoint additional BMW SAV
Centers, whether located near Center's location or elsewhere, as BMW NA in its
sole discretion deems necessary or appropriate. BMW NA agrees that it will not
appoint additional representation without first conferring individually with the
BMW SAV Center(s) surrounding the proposed location to determine whether other
alternatives to additional representation are satisfactory to BMW NA. If a
decision is made to proceed with establishment of additional representation, BMW
NA will provide such BMW SAV Center(s) no less than thirty (30) days written
notice of such decision.

                                        3

<PAGE>

                                    ARTICLE B

                       STANDARD PROVISIONS AND SAV CENTER
                             OPERATING REQUIREMENTS

The accompanying SAV Center Agreement Standard Provisions, Center Operating
Requirements, and all currently effective Addenda and all Addenda to be issued
to Center by BMW NA, all of which may be amended, canceled, or superseded from
time to time, are hereby fully incorporated into this Center Agreement
("Incorporated Documents"). Unless the context otherwise indicates, the term
"Agreement" shall mean this document, the Incorporated Documents, and the
documents referred to therein, including, but not limited to, policies,
procedures, programs, and guidelines issued from time to time by BMW NA. The
terms used in this Agreement are defined in Paragraph 1 of the Standard
Provisions. Center hereby acknowledges receipt of this Agreement and agrees to
become familiar with its terms.

Center is required to comply with the BMW NA Center Operating System and agrees
to conform its operations to the BMW NA Center Operating System to the greatest
degree possible.

                                        4

<PAGE>

                                    ARTICLE C

                      SAV CENTER OWNERSHIP AND MANAGEMENT

This is a PERSONAL SERVICES AGREEMENT. BMW NA is entering into this Agreement in
reliance upon the qualifications, abilities, and integrity of the Center
Operator and upon the representation of the Center's Owners that the Center
Operator will have full managerial authority for the operations and activities
of Center. In order to induce BMW NA to enter into this Agreement, Center states
that:

(1) CENTER'S OWNERS. The beneficial owners, record owners, and partners, if any,
of Center are (include record owners if different from beneficial):

NAME                                 %                      RECORD OR BENEFICIAL

                           Additional Names Attached  / /

                                       5
<PAGE>

C. SAV CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

(2) CENTER'S OFFICERS. The following persons are Center's Officers:

NAME                                         TITLE

(3) CENTER'S CORPORATE DIRECTORS. If Center is a corporation, the following are
its Corporate Directors:

NAME                                         TITLE

(4) CENTER OPERATOR. The following person shall be in complete charge of
Center's BMW SAV Operations with authority to make all operating decisions on
behalf of Center with respect to Center's BMW SAV Operations and is the person
upon whom BMW NA can rely to act on Center's behalf:

NAME                                         TITLE

                                       6

<PAGE>

C. SAV CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

(5) GENERAL MANAGER. The following is Center's General Manager (if none, enter
"NONE"):

NAME                                         TITLE

(6) SUCCESSOR(s). The Center's Owners have nominated the following individual(s)
as proposed Center Owners of a Successor Center to be established if this
Agreement is terminated because of the death or permanent disability of any of
the Center's Owners (if none, enter "NONE"):

NAME                                         TITLE

Because of the importance that BMW places on the statements and representations
of the Center's Owners and the qualifications of the Center Operator, Center
agrees that there will be no change in the: (a) identity of the Center's Owners
((1) above); (b) the Center Operator ((4) above); (c) the Successor(s) ((6)
above); or (d) Center's name, identity, business organization or structure,
without the prior written consent of BMW NA.

To enable BMW NA to maintain effectively the BMW Center network, Center further
agrees to provide BMW NA with forty-five (45) days prior written notice of any
proposed change in the ownership of Center, which would change the interests in,
or control of, Center, or of any proposed disposition of Center's BMW assets.
Any such change in ownership or disposition of Center's BMW assets shall not be
effective without the prior written consent of BMW NA, which consent will not be
unreasonably withheld. Center acknowledges and agrees that all proposed owners
of all or a portion of the Center shall be required to meet BMW NA's appointment

                                        7

<PAGE>

C. SAV CENTER OWNERSHIP AND MANAGEMENT - CONTINUED

criteria and comply with BMW NA's ownership policies, procedures, and
limitations. BMW NA shall respond to Center's notification within forty-five
(45) days after Center has furnished to BMW NA all completed applications and
information reasonably requested to evaluate the proposal.

Without limiting other considerations in determining whether BMW NA will provide
consent, this Agreement may not be transferred, assigned, or assumed until all
indebtedness of Center to BMW NA, its subsidiaries, or affiliates has been fully
satisfied and unless the transferee, assignee, or party assuming this Agreement
agrees and commits to fulfill and complete all of the obligations under this
Agreement and the Improvement Addendum (if applicable) and fully comply with all
BMW NA policies, procedures, programs, and guidelines. Furthermore, this
Agreement may not be transferred, assigned, or assumed independent of the BMW
Dealer Agreement covering BMW cars or a successor agreement covering BMW cars.

Center recognizes that BMW NA has a vital interest in ensuring that qualified
personnel are employed by BMW centers. Therefore, Center agrees to employ
personnel who meet the qualifications for each position within the Center. BMW
NA agrees that Center has the right to decide reasonably all matters concerning
management and personnel.

Center has designated herein certain individuals as officers, directors,
managers and/or individuals with responsibility for Center's BMW SAV Operations.
Center agrees to notify BMW NA in writing of any change in the designated
individuals (2, 3, and 5 above) and recognizes that such designation shall not
relieve Center of its responsibility for performance under this Agreement.

Center agrees that BMW NA may rely upon the Center Operator and General Manager
(if applicable) to act on Center's behalf on any and all matters and that such
reliance shall not alter Center's responsibilities under this Agreement.

                                        8

<PAGE>

                                    ARTICLE D

                                CENTER FACILITIES

Center agrees that Center Facilities shall satisfy all applicable provisions of
this Agreement, including reasonable space, facility, and BMW Corporate
Identification requirements in the Center Operating Requirements Addendum and/or
Center Facilities Guidelines. BMW NA recognizes the investment Center has in its
facilities and hereby approves the location of the following Center Facilities
for the exclusive purpose of:

(1) A showroom and sales facility for BMW Vehicles at:

Address: _______________________________________________________________________

(2) Service and parts facilities for BMW Vehicles at:

Address: _______________________________________________________________________

(3) Facilities for the display and sale of certified pre-owned BMW Vehicles at:

Address: _______________________________________________________________________

(4) Facilities for the display and sale of pre-owned BMW Vehicles at:

Address: _______________________________________________________________________

(5) Satellite(s) authorized pursuant to Paragraph 16 of the Standard Provisions
of the Agreement at:

Address: _______________________________________________________________________

(6) Other facilities (indicate the nature of the facility, e.g., storage
facility):

Address: _______________________________________________________________________

                                       9
<PAGE>

D. CENTER FACILITIES - CONTINUED

Unless otherwise provided herein, Center shall conduct Center's BMW SAV
Operations and keep BMW Products exclusively at the Center Facilities designated
above.

In the event that Center desires to: (a) change its principal place of business
from that first set forth in this Agreement; (b) change any location of the
Center Facilities; (c) establish any additional locations for either operating
its business or storage of BMW Products; (d) make any major structural or
design change in the Center Facilities; or (e) change the usage or function of
any locations or facility approved herein or otherwise utilize such locations or
facilities for any functions other than the approved functions, Center must
obtain the prior written approval of BMW NA for any such change or
establishment.

In the event that Center desires to establish or add any additional franchise,
line, make, or dealership at the Center Facilities simultaneously with Center's
BMW SAV Operations, Center agrees to provide BMW NA thirty (30) days prior
written notice of such establishment or addition. At the time notice is
provided, Center shall demonstrate in writing to BMW NA that Center will
continue to comply with the Center Operating Requirements Addendum and will not
adversely impact the representation or sale of BMW Products. If Center is unable
to comply, Center shall not pursue such establishment or addition, but may
submit a detailed plan of compliance with the Center Operating Requirements and
Center Operating Requirements Addendum to BMW NA. If BMW NA approves the
detailed plan of compliance, Center may proceed with the establishment or
addition. Center understands that BMW NA may, at its sole option, reject the
plan or require issuance or modification of an Improvement Addendum in the event
the plan is approved. Such approval shall not be unreasonably withheld.

                                       10
<PAGE>
                                    ARTICLE E
                                    BMW FORUM

BMW NA and Center agree that it is in their mutual interest to have an
independent group of BMW center representatives with BMW SAV Operations serve on
the BMW Forum. The membership of the BMW Forum may include owners of BMW SAV
Centers and BMW car centers and/or owners of BMW car centers only. Those members
with BMW SAV Operations will be members of a subcommittee of the BMW Forum. The
subcommittee will represent BMW SAV Centers and will communicate the position of
BMW SAV Centers to BMW NA on various common issues. BMW NA and the BMW Forum
shall establish a mechanism to foster open and frequent communication on
substantive issues affecting BMW NA and BMW centers.

Each BMW center is entitled and encouraged to serve on the BMW Forum or on a
committee of the BMW Forum pursuant to its by-laws. Each BMW center is expected
to support and participate in the BMW Forum and each BMW SAV Center is expected
to support and participate in the BMW Forum's SAV subcommittee.

The BMW Forum shall adopt by-laws as BMW centers deem reasonable and necessary.
The BMW Forum may establish committees to study various aspects of the retail
environment and the BMW NA - BMW centers' relationship.

Before any material change may be made to this Agreement, BMW NA agrees to
notify the SAV subcommittee of the BMW Forum and consider BMW SAV Centers'
position regarding the proposed change.

                                       11

<PAGE>
                                   ARTICLE F
                             RIGHT OF FIRST REFUSAL

BMW NA recognizes the investment which Center has committed to operate a BMW
Center. Center recognizes the importance to BMW NA of continuing dealership
operations from approved locations to provide for the effective sale and service
of BMW Products. Accordingly, whenever Center intends to dispose of Center's BMW
assets, change control of the Center, or change majority ownership from that
listed in Article C (1), BMW NA shall have the first right to purchase Center's
BMW assets or ownership interests pursuant to this Article. Center agrees to
disclose to the prospective buyer that any sale or disposition shall be subject
to the terms of this Agreement and any other information provided to Center
which impacts the BMW Center Operations or the market in which the Center
operates.

BMW NA will advise Center if it will exercise the right of first refusal within
forty-five (45) days after Center has furnished to BMW NA all completed
applications and information in accordance with Article C. If BMW NA exercises
the right, BMW NA will assume the proposed buyer's rights and obligations under
the written agreement the proposed buyer negotiated with Center (the "Buy/Sell
Agreement"). The purchase price shall be that set forth in the Buy/Sell
Agreement.

BMW NA shall have the right to perform due diligence in connection with
Article F while BMW NA decides whether to exercise its right of first refusal.
If BMW NA exercises its right, BMW NA's right to conduct due diligence shall
continue. Center agrees to fully cooperate with BMW NA in connection with its
due diligence.

In the event BMW NA exercises its right of first refusal, BMW NA may assign the
Buy/Sell Agreement to any party. BMW NA shall remain responsible to guarantee
the purchase price to be paid by the assignee.

                                       12

<PAGE>

F. RIGHT OF FIRST REFUSAL - CONTINUED

Center shall transfer the assets and any applicable real estate free and clear
of all liens and encumbrances. Any property shall be transferred by Warranty
Deed, where possible, conveying marketable title. Deeds will be in the proper
form for recording. Possession will be deemed transferred when the deed is
delivered. Center shall furnish copies of, and will assign where required, all
agreements, licenses, easements, permits or other documents necessary for the
conduct of Center's BMW SAV Operations.

Subject to the limitation set forth below, if BMW NA exercises its right under
this Article, BMW NA will reimburse Center for all reasonable and acceptable
expenses, excluding brokerage commissions, incurred by Center in connection with
the development of the Buy/Sell Agreement prior to BMW NA's exercise of its
right. Center shall supply BMW NA with reasonable documentation to support all
those expenses and all copies of materials generated during the negotiation and
development of the Buy/Sell Agreement in anticipation of the sale (including
environmental reports, accounting reviews, among others). Center agrees that the
expenses BMW NA will pay to Center pursuant to Article F shall not exceed the
lesser of actual expenses or an aggregate of Fifty Thousand Dollars
($50,000.00). Any dispute regarding reimbursement shall be presented for review
under Article G.

This Article shall not apply in the event that Center proposes to change
majority ownership, dispose of its assets, or otherwise enter into a proposed
Buy/Sell Agreement with: 1) an immediate family member (spouse, child, brother,
sister, parent, grandchild, or spouse of child) of a Center Owner; 2) an
individual who is listed on the Successor Addendum; 3) an individual who is
currently employed by Center and has been actively employed by Center for at
least three consecutive years in the Center's BMW SAV Operations and is
otherwise qualified as a Center Operator; or 4) an individual who is currently
listed as a Center's Owner in Article C and has been so listed for the past
three consecutive years and is otherwise qualified as a Center Operator.

                                       13
<PAGE>

                                    ARTICLE G
                          ALTERNATE DISPUTE RESOLUTION

BMW NA and Center agree to minimize disputes between them. However, in the event
that disputes arise, BMW NA and Center agree that they will attempt to resolve
all matters between them before any formal action is taken to seek any
administrative or judicial adjudication or governmental review.

A BMW BOARD ("BOARD") will act as the Administrator of all disputes between BMW
NA and Center arising out of this Agreement. The BOARD will consist of two
representatives who will be selected by BMW NA and two representatives of BMW
centers who will be selected by the BMW Forum. The BOARD will determine
eligibility requirements, develop procedures to ensure a fair and equitable
decision ("ADR PROCEDURES"), and select individuals to participate in a DISPUTE
RESOLUTION PANEL ("PANEL") to hear an eligible dispute. The PANEL shall consist
of at least one BMW NA employee, one SAV Center representative, and one
independent person, selected by the BOARD, or a designated facilitator company
chosen by the BOARD.

The BOARD shall also monitor the dispute resolution process, periodically report
to BMW NA and the BMW Forum on the effectiveness of this process and, when
required, make recommendations for changes in this process.

BMW NA and Center agree that the process outlined in this Article G and
developed by the BOARD in the ADR PROCEDURES shall be mandatory. The PANEL's
recommendation will be non-binding, unless prior to appearing before the PANEL
the parties agree to be bound by the decision of the PANEL. The purpose of the
PANEL will be to recommend a resolution and work with the parties to reach a
fair and equitable solution to their dispute in a cost-effective, efficient
manner, and to avoid formal adjudication or government intervention.

If either party to this Agreement fails to refer a matter subject to Article G
to the dispute resolution process or initiates any action in court or an
administrative agency prior to issuance of a PANEL recommendation on a dispute,
that party shall pay all costs, fees and expenses, including attorneys fees, of
the other party which arise out of the enforcement of this Article G.

                                       14

<PAGE>
                                    ARTICLE H
                                      TERM

This Agreement shall continue in full force and effect and shall govern all
relations and transactions between the parties commencing on the effective date
hereof and continuing as follows:

-    If Center has fulfilled all of its obligations hereunder and no Improvement
     Addendum is currently in force: 1) this Agreement shall expire five (5)
     years from the effective date hereof and BMW NA will renew the Agreement
     unless it is terminated earlier in accordance with the applicable
     provisions of this Agreement; or 2) in the event that the BMW FORUM or a
     subcommittee thereof reviews a superseding Agreement, and BMW NA offers
     Center an opportunity to enter into that Agreement, Center shall enter into
     the superseding Agreement.

-    If Center has outstanding obligations as of the effective date of this
     Agreement and/or an Improvement Addendum is in force, this Agreement shall
     expire on the earlier of three years from the effective date hereof or
     sixty (60) days following the earliest "Compliance Date" specified in said
     Addendum, unless otherwise terminated in accordance with the applicable
     provisions of this Agreement.

                                       15
<PAGE>
                                    ARTICLE I
                              CUSTOMER SATISFACTION

BMW NA and Center agree to conduct their respective businesses to promote and
support the image and reputation of BMW, BMW NA, BMW Products, and BMW centers.
BMW Products must be perceived as the finest available. BMW NA and BMW centers
must be recognized as providing the best customer service in the industry.

Center, as the direct link to the BMW customer, is responsible for satisfying
customers in all matters, except those directly related to product design and
manufacturing. Center will take all reasonable steps to ensure that each
customer is satisfied with BMW Products and with the services and the practices
of Center. Center will recommend to BMW NA methods of reasonably satisfying
customers. BMW NA will support Center's customer satisfaction efforts through
counseling, training opportunities, and providing survey results.

When requested by BMW NA, Center shall submit a plan detailing its customer
satisfaction programs. That plan shall include continuous reinforcement to all
Center personnel of the importance of customer satisfaction, necessary training
for Center personnel, and methods of conveying to customers that Center is
committed to their satisfaction.

Following consultation with and notice from BMW NA or its authorized
representative, Center shall remedy, to the satisfaction of BMW NA, any practice
or method of operation which would have a detrimental effect upon customer
satisfaction or would impair the reputation or image of BMW, BMW NA, BMW
Products, or the Center.

                                       16

<PAGE>

                                    ARTICLE J
                             EXECUTION OF AGREEMENT

This Agreement shall not become effective until signed by a duly authorized
officer of Center, if a corporation; or by one of the general partners of
Center, if a partnership; or by the named individual, if a sole proprietorship;
and countersigned by two authorized BMW NA representatives.

                                       17
<PAGE>

                                    ARTICLE K

                            MODIFICATION OF AGREEMENT

No representative of BMW NA shall have the authority to waive any of the
provisions of this Agreement or make any amendment or modification of or any
other change in, addition to, or deletion of any portion of this Agreement or to
make any other agreement which imposes any obligation on either BMW NA or Center
which is not specifically imposed by this Agreement or which renews or extends
this Agreement; unless such waiver, amendment, modification, change, addition,
deletion, or agreement is reduced to writing and signed by two authorized
representatives of BMW NA and by the authorized representative of Center
specified in Article J of this Agreement.

<TABLE>
<S>                                        <C>
BMW OF NORTH AMERICA, INC.                 CORPORATE AND DBA NAME

BY: _____________________________________  BY:  ______________________________________
         Philip A. Capossela

TITLE:     General Manager                 TITLE:
           Southern Region
                                           FEDERAL TAX ID #:

BY: _____________________________________  ATTEST: (If Center is a Corporation)
          Reinhard Fischer

TITLE: Center Development and Vehicle      ___________________________________________
Process Manager                                             Secretary

                                           WITNESS (If Partnership or Proprietorship)

                                           ___________________________________________
                                                              Name

                                           ___________________________________________
                                                             Address

                                           ___________________________________________

</TABLE>

                                       18

<PAGE>
                                                            Address

                                       19
<PAGE>

                           BMW OF NORTH AMERICA, INC.
                              SAV CENTER AGREEMENT
                          PRIMARY MARKET AREA ADDENDUM

  ____________________________________________________________________________

Attached are the Zip Codes which comprise the Center's Primary Market Area:

To be supplied during the fourth quarter of 1999.
<PAGE>
                                   [BMW LOGO]

                           BMW OF NORTH AMERICA, INC.
                              SAV CENTER AGREEMENT
                              STANDARD PROVISIONS
<PAGE>
                            BMW OF NORTH AMERICA, LLC
                              SAV CENTER AGREEMENT
                               STANDARD PROVISIONS

                                TABLE OF CONTENTS

Paragraph 1 - Definitions

(a) BMW                                                                      5
(b) BMW Car Operations                                                       5
(c) BMW Center SAV Operations                                                5
(d) BMW Forum                                                                5
(e) BMW NA                                                                   5
(f) BMW NA SAV Center Agreement                                              5
(g) BMW SAV Centers                                                          6
(h) BMW Products                                                             6
(i) BMW Vehicle(s)                                                           6
(j) Center                                                                   6
(k) Center Facility                                                          6
(l) Center Operating Requirements                                            6
(m) Center Operating Requirements Addendum                                   7
(n) Center Operating System                                                  7
(o) Center Operator                                                          7
(p) Center's Officers                                                        7
(q) Center's Owners                                                          7
(r) Dealer and Dealership                                                    7
(s) General Manager                                                          8
(t) Improvement Addendum                                                     8
(u) Net Purchase Price                                                       8
(v) Original BMW Parts                                                       8
(w) Primary Market Area                                                      8
(x) Sports Activity Vehicles                                                 9
(y) United States                                                            9

Paragraph 2 - Basic Obligations Of BMW NA

(a) Supply of BMW Products to Center                                         10
(b) Assistance to Center                                                     10
(c) Allocation of Vehicles                                                   10

Paragraph 3 - Basic Obligations Of Center

(a) BMW Sales, Service, and Parts Supply                                     12
(b) Conduct of Business                                                      12
(c) Compliance with Center Operating Requirements and Standards for
    BMW Centers                                                              12
(d) Issuance of Improvement Addendum                                         12

<PAGE>

Paragraph 4 - General Requirements For Center's SAV Operations

(a) Center Operator                                                          14
(b) Business Hours                                                           14
(c) Signs and Pylons                                                         14
(d) Center's Corporate and Trade Name                                        14
(e) Exclusive Ownership of BMW Trademarks                                    14
(f) Use of BMW Trademarks by Center                                          15
(g) Center Web Sites and Internet Use                                        16
(h) Sales of Certified Pre-Owned and Other Pre-Owned BMW Vehicles            17
(i) Insurance                                                                17
(j) Training                                                                 17
(k) Advertising                                                              17
(l) Center Submissions to BMW NA                                             18
(m) Compliance with Laws                                                     18
(n) Compliance with this Agreement and BMW NA Policies, Procedures,
    Programs, and Guidelines                                                 18

Paragraph 5 - Center's Sales Of BMW Vehicles

(a) Sales Promotion                                                          19
(b) Sales Performance                                                        19
(c) Sales Leads                                                              19
(d) Demonstrators                                                            19
(e) Strategic Business Plan                                                  19
(f) Primary Market Area                                                      20
(g) Performance Evaluation                                                   20
(h) Down Payments and Trade-Ins                                              21
(i) Consumer Disclosures                                                     21

Paragraph 6 - Customer Service

(a) Scope and Quality                                                        22
(b) Disclosure and Use of Original BMW Parts                                 22
(c) Pre-Delivery Inspection                                                  23
(d) BMW Service and Warranty Information Booklet and BMW Owner's
    Manual                                                                   23
(e) Compliance with Consumer Protection Statutes, Policies,
    Procedures, and Guidelines                                               23

Paragraph 7 - Center's Records And Reports And Access To Center's
Premises

(a) Financial Records                                                        24
(b) Management Information Systems Requirements                              24
(c) Financial Statements                                                     24
(d) Additional Reports                                                       24
(e) Access to Center's Premises and Records                                  25
(f) Confidentiality                                                          25

                                       2

<PAGE>

Paragraph 8 - Center's Purchases Of BMW Vehicles

(a) Center's Purchase Price                                                  26
(b) Payment                                                                  26
(c) Line of Wholesale Credit                                                 26
(d) Shipment to Center                                                       26
(e) Claims Processing                                                        26
(f) Passing of Risk                                                          27
(g) Repair and Sale of Damaged BMW Vehicles                                  27
(h) Option to Repurchase Damaged Vehicles                                    28

Paragraph 9 - Center's Inventory And Purchase Of Original BMW Parts

(a) Minimum Inventory of Original BMW Parts                                  29
(b) Center's Purchase Price                                                  29
(c) Payment                                                                  29
(d) Delivery                                                                 30
(e) Claims for Incomplete Delivery                                           30
(f) Return of Defective Original BMW Parts                                   30
(g) Right to Return Original BMW Parts                                       30
(h) Non-Returnable Materials, Parts, and Assemblies                          31

Paragraph 10 - Additional Provisions Governing Center's Purchase
Of BMW Products And Center's Inventories

(a) Taxes                                                                    32
(b) BMW NA's Purchase Money Security Interest                                33
(c) Return or Diversion of BMW Vehicles on Center's Failure to
    Accept                                                                   35
(d) Failure of or Delay in Delivery                                          35
(e) Changes in Specifications                                                35
(f) Changes by Center on BMW Products and Compliance with Safety,
    Air Pollution, Noise Control and Consumer Warranty Requirements          36
(g) Inventories                                                              36

Paragraph 11 - Warranty To Customers

(a) BMW Warranties                                                           38
(b) Incorporation of BMW Warranties in Center's Sales                        38
(c) Exclusion of Warranties                                                  38
(d) Warranty Policies and Procedures                                         39

Paragraph 12 - Termination Prior To Expiration Date And Succession

(a) Termination by Center                                                    41
(b) Immediate Termination by BMW NA for Cause                                41
(c) Termination by BMW NA on Sixty (60) Days Notice                          43
(d) Termination Upon Offering to Enter into a New or Amended
    BMW SAV Center Agreement                                                 46
(e) Termination for Failure of BMW NA to be Licensed                         46
(f) No Waiver by Failure to Terminate                                        46
(g) Termination upon Death or Permanent Disability                           46
(h) Successor in Event of Death or Permanent Disability                      46
(i) Successor Nominee                                                        47

                                       3

<PAGE>

Paragraph 13 - Continuation Of Business Relations

(a) Continuation of Business Relations After Expiration or Prior
    Termination                                                              49

Paragraph 14 - Rights and Liabilities Upon Expiration Or Prior
Termination

(a) Cancellation of Pending Orders and Post Expiration and Termination
    Obligations                                                              50
(b) Purchase of Center's Inventory of BMW Products by BMW NA                 51

Paragraph 15 - Ownership Changes And Transfers Of Agreement

(a) Transfer, Sale, or Assignment of Agreement by Center                     54
(b) Ownership Policies and Procedures                                        55
(c) Ownership Limitations                                                    55

Paragraph 16 - Facilities And Satellites

(a) Facility and Satellite Authorization                                     56
(b) Approved Locations for Center Facilities                                 56
(c) Facilities Compliance                                                    56
(d) Consent                                                                  56

Paragraph 17 - Indemnification

(a) Indemnification by BMW NA                                                57
(b) Indemnification by Center                                                58
(c) Notification                                                             60
(d) Allegations Involving Both BMW NA and Center                             61

Paragraph 18 - Miscellaneous Provisions

(a) Approval or Consent by BMW NA                                            62
(b) Divisibility                                                             62
(c) Termination of Prior Agreements                                          62
(d) Notices                                                                  62
(e) No Implied Waivers                                                       62
(f) Center is Not an Agent and Disclaimer of Further Liability by BMW NA
    and BMW                                                                  63
(g) Accounts Payable                                                         63
(h) BMW NA's Continuing Security Interests                                   63
(i) Assignment of BMW NA's Security Interests                                64
(j) Limitations Re Center Stock and Assets                                   64
(k) BMW NA's Right to Specific Performance                                   64
(l) Reservation of Rights                                                    64
(m) Headings                                                                 64
(n) Entire Agreement and Representations                                     65
(o) New Jersey Law                                                           65

                                       4

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                           PARAGRAPH 1 - DEFINITIONS

                                 The following definitions shall be used in the
                                 SAV Center Agreement and have the following
                                 meanings:

BMW                              (a) "BMW shall mean Bayerische Motoren Werke
                                 AG, a company organized and existing under and
                                 by virtue of the laws of Germany, having its
                                 principal place of business in Munich, Germany.

BMW Car Operations               (b) "BMW Car Operations" and "Car Operations"
                                 shall mean the sales and service activities for
                                 BMW cars which are being operated by the Center
                                 under the separate and distinct BMW Dealer
                                 Agreement for cars or a successor agreement for
                                 cars.

BMW Center SAV                   (c) "BMW Center SAV Operations", "BMW Center
Operations                       Operations", "BMW SAV Operations", or "SAV
                                 Operations" shall mean all activities of the
                                 Center relating to the promotion and sale of
                                 BMW Products, the supply of Original BMW
                                 Parts, customer service for BMW Products,
                                 and/or all other operations of Center governed
                                 by this Agreement, such as sales of certified
                                 pre-owned BMW Vehicles.

BMW Forum                        (d) "BMW Forum" or "Dealer Forum" shall mean
                                 the elected representatives of the BMW centers
                                 which perform the responsibilities set forth in
                                 Article E of this Center Agreement.

BMW NA                           (e) "BMW NA" shall mean BMW of North America,
                                 LLC, a company organized under the laws of the
                                 State of Delaware, the exclusive importer and
                                 distributor of BMW Products in the United
                                 States.

BMW NA SAV Center                (f) "BMW NA SAV Center Agreement", "BMW SAV
Agreement                        Center Agreement", "BMW SAV Dealer Agreement",
                                 "SAV Center Agreement", "Center Agreement", or
                                 "Agreement" shall have the same meaning as set
                                 forth in Article B of this Agreement.

                                        5

<PAGE>

BMW SAV Centers                  (g) "BMW SAV Centers", "BMW Centers", "SAV
                                 Centers", or "Centers" shall mean all of the
                                 authorized BMW centers which are signatories
                                 to a BMW SAV Center Agreement with BMW NA.

BMW Products                     (h) "BMW Products" shall mean BMW Vehicles and
                                 Original BMW Parts.

BMW Vehicle(s)                   (i) "BMW Vehicle(s)" shall mean new light
                                 trucks manufactured by BMW or one of its
                                 manufacturing subsidiaries, sold by BMW NA and
                                 bearing the trademarks of BMW. The only new
                                 vehicles authorized to be sold or serviced
                                 under this agreement are BMW light trucks/
                                 Sports Activity Vehicles. BMW cars are not
                                 authorized to be sold or serviced under this
                                 Agreement and are not included in the
                                 definition of BMW Vehicle(s) hereunder. BMW
                                 cars are only authorized to be sold and
                                 serviced under a distinct and separate
                                 agreement.

Center                           (j) "Center" or "BMW Center" shall mean a
                                 dealer authorized to sell and service BMW
                                 Products as appointed by BMW NA pursuant to
                                 this Agreement. The term "center" or "BMW
                                 center", without a capital "C", shall mean all
                                 BMW dealerships (other than BMW motorcycle
                                 dealerships) whether or not they are
                                 authorized to sell and service BMW Products
                                 under this Agreement.

Center Facility                  (k) "Center Facility", including its plural and
                                 possessive forms, shall mean the land and
                                 building(s) which constitute the authorized
                                 location established in accordance with the
                                 provisions of Article D of the Center Agreement
                                 for the conduct of the BMW Center SAV
                                 Operations.

Center Operating                 (1) "Center Operating Requirements" shall mean
Requirements                     the BMW Product, Center Facility, Corporate
                                 Identity, Personnel, Training, Financial,
                                 Equipment, Special Tool, Certified Pre-Owned
                                 Vehicle, Parts, and Demonstrator Requirements
                                 for a Center's SAV Operations and Car
                                 Operations published by BMW NA, as amended,
                                 canceled, or superseded from time to time by
                                 BMW NA following review by the

                                        6

<PAGE>

                                 BMW Forum.

Center Operating                 (m) "Center Operating Requirements Addendum"
Requirements                     and "Operating Requirements Addendum" shall
Addendum                         mean the BMW Product, Center Facility,
                                 Corporate Identity, Personnel, Training,
                                 Financial, Equipment, Special Tool, Certified
                                 Pre-Owned Vehicle, Parts, and Demonstrator
                                 Requirements applicable to Center, as issued,
                                 amended, canceled, or superseded from time to
                                 time by BMW NA following review with Center.

Center Operating                 (n) "Center Operating System" shall mean
System                           guidelines and recommendations published by
                                 BMW NA to assist Center in complying with
                                 Center Operating Requirements.

Center Operator                  (o) "Center Operator" shall mean the person
                                 named in Article C of the Center Agreement as
                                 the person in charge of the BMW Center
                                 Operations with authority to make all operating
                                 decisions on behalf of the Center with respect
                                 to the BMW Center Operations and is the person
                                 upon whom BMW NA is relying to represent BMW
                                 Products and to act on the Center's behalf, as
                                 well as any person who succeeds to such
                                 position in accordance with this Agreement.

Center's Officers                (p) "Center's Officers" or "Center Officers"
                                 shall mean all the persons named in Article C
                                 of the Center Agreement as officers of Center,
                                 as well as any other person who succeeds to any
                                 such executive and/or managerial position in
                                 the Center in accordance with the Agreement.

Center's Owners                  (q) "Center's Owners" or "Center Owners" shall
                                 mean all the persons named in Article C of the
                                 Center Agreement as the beneficial and record
                                 owners of the Center, as well as any other
                                 person who acquires or succeeds to any
                                 beneficial interest or record ownership of the
                                 Center in accordance with the Agreement.

Dealer and Dealership            (r) "Dealer" and "Dealership" shall mean
                                 Center.

                                       7

<PAGE>

General Manager                  (s) "General Manager" shall mean the person
                                 named in Article C of the Center Agreement as
                                 the person in charge of its BMW SAV Operations
                                 in the absence of the Center Operator, as well
                                 as any person who succeeds to such position in
                                 accordance with this Agreement.

Improvement                      (t) "Improvement Addendum" shall mean the
Addendum                         Addendum to this Center Agreement which lists
                                 the outstanding obligations of the Center which
                                 must be met to ensure the continuation of this
                                 Agreement under Article H of this Agreement.

Net Purchase Price               (u) "Net Purchase Price" shall mean the actual
                                 price at which Center purchased the certain BMW
                                 Product from BMW NA, which price shall include
                                 the addition or deduction of any and all
                                 rebates, refunds, credit allowances, discounts,
                                 and other payments or adjustments made by BMW
                                 NA relative to such BMW Product. "Net Purchase
                                 Price" shall not include payments or
                                 adjustments in connection with Center
                                 advertising association activities.

Original BMW Parts               (v) "Original BMW Parts" shall mean (i) any
                                 genuine parts, accessories, and equipment for
                                 BMW Vehicles manufactured by or on behalf of
                                 and/or sold by BMW and/or BMW NA and/or bearing
                                 the authorized trademarks of BMW, which parts,
                                 accessories and equipment usually are described
                                 as "Original" in packaging; and (ii) any
                                 equipment designed for use in BMW Center
                                 Operations (including special BMW tools) and
                                 any non-automotive accessories and other
                                 equipment, including aftersales, lifestyle, and
                                 gift items bearing the trademarks of BMW, which
                                 are supplied to Center by or on behalf of BMW
                                 NA.

Primary Market Area              (w) "Primary Market Area" shall mean the area
                                 designated by BMW NA in which the Center is
                                 expected to focus its activities under this
                                 Center Agreement. Evaluation of the Center's
                                 performance shall be primarily based upon the
                                 Center's activities in its Primary Market Area.

                                        8

<PAGE>

Sports Activity Vehicles         (x) "Sports Activity Vehicles", "Sports
                                 Activity Vehicle", "SAVs", or "SAV" shall mean
                                 BMW light trucks.

United States                    (y) "United States" shall mean the 50 United
                                 States, the District of Columbia, and the
                                 Commonwealth of Puerto Rico.

                                       9

<PAGE>

                   PARAGRAPH 2 - BASIC OBLIGATIONS OF BMW NA

Supply of BMW                    (a) BMW NA agrees to sell and deliver BMW
Products to Center               Products to Center in accordance with this
                                 Agreement and the ability of the Center to
                                 store, display, sell, and service BMW Products,
                                 as reflected in its Center Operating
                                 Requirements Addendum. BMW NA shall have no
                                 obligation to supply and Center shall not be
                                 entitled to receive BMW Products which exceed
                                 the Center's ability to store, display, sell,
                                 or service BMW Products as evidenced by its
                                 Center Operating Requirements Addendum.

Assistance to Center             (b) BMW NA will assist Center in Center's BMW
                                 SAV Operations through such means and upon such
                                 terms and conditions as BMW NA considers
                                 necessary and appropriate, including, among
                                 other things:

                                 (1)   Sales, technical, and process training,
                                       delivered in person or electronically,
                                       prior to introduction of new BMW Vehicles
                                       or on an ongoing basis;

                                 (2)   Sales, service, and parts literature and
                                       other printed materials relating to BMW
                                       Products;

                                 (3)   National advertising campaigns for BMW
                                       Vehicles;

                                 (4)   Periodic suggestions and evaluations to
                                       assist Center in the conduct of its BMW
                                       Operations; and

                                 (5)   Technical Assistance Hotline and Parts
                                       Telephone Support.

Allocation of Vehicle            (c) BMW NA agrees to sell and deliver BMW
                                 Products to Center in accordance with the
                                 provisions of this Agreement:

                                 (1)   In making such sales and deliveries, BMW
                                       NA will consider Center's preferences, as
                                       well as its compliance with the resale
                                       and use restrictions of the Center
                                       Agreement, and will endeavor to make a
                                       fair and equitable allocation and
                                       distribution of the BMW Products
                                       available to it among its BMW Centers.
                                       BMW NA reserves the right to reduce
                                       allocation of BMW Vehicles to Centers
                                       which do not comply with the terms and
                                       conditions of the Center Agreement or the
                                       Center Operating Requirements

                                       10

<PAGE>

                                       Addendum;

                                 (2)   Center recognizes the possibility that
                                       from time to time BMW Products may not be
                                       available in sufficient quantities. In
                                       such event, Center agrees that BMW NA, in
                                       the exercise of its business judgment,
                                       may determine the method and manner of
                                       the allocation of BMW Products between
                                       Center and BMW NA'S other Centers. Upon
                                       Center's written request, BMW NA agrees
                                       to provide Center with an explanation of
                                       the method used to distribute such BMW
                                       Products; and

                                 (3)   Center recognizes that when introducing
                                       new BMW Products, BMW NA may require
                                       certain prerequisites be in place at the
                                       BMW Center, i.e., training, equipment,
                                       tools, parts, displays, and customer
                                       information, prior to BMW NA distributing
                                       such BMW Products to the Center. Such
                                       prerequisites shall help ensure customer
                                       satisfaction and product acceptance in
                                       the market. Center agrees that its
                                       failure to meet the prerequisites will
                                       delay the distribution of new BMW
                                       Products to Center until the
                                       prerequisites are met.

                                       11
<PAGE>

                    PARAGRAPH 3 - BASIC OBLIGATIONS OF CENTER

BMW Sales Service,               (a) Center assumes the responsibility for the
and Parts Supply                 promotion and sale of BMW Products, the supply
                                 of Original BMW Parts, and customer service for
                                 BMW Products.

Conduct of Business              (b) In the conduct of its business, Center
                                 will:

                                 (1)   Safeguard and promote the reputation of
                                       BMW Products, the trademarks of BMW, and
                                       the BMW brand;

                                 (2)   Refrain from negligent or willful conduct
                                       which may be harmful to the reputation or
                                       to the marketing of BMW Products or
                                       inconsistent with the public interest;

                                 (3)   Refrain from all deceptive, misleading,
                                       or unethical practices; and

                                 (4)   Comply with all applicable local, state,
                                       and federal laws.

Compliance with Center           (c) Center, recognizing that its
Operating                        responsibilities under this Agreement demand
Requirements and                 the most effective use of its available
Standards for BMW                facilities, capital, and  personnel, agrees to
Centers                          comply with its Center Operating Requirements
                                 Addendum. Center shall review said Addendum
                                 with BMW NA representatives at the Retail
                                 Business Plan Review, satisfy outstanding
                                 obligations under its Improvement Addendum, if
                                 applicable, and comply with all reasonable
                                 standards established by BMW NA from time to
                                 time relating to Center's BMW SAV Operations.

Issuance of                      (d) BMW NA will notify Center in writing if
Improvement                      Center fails to comply with  any obligation,
Addendum                         responsibility, or requirement under the Center
                                 Agreement or the Center Operating Requirements
                                 Addendum ("Deficiency").

                                 (1)   If Center fails to remedy the Deficiency
                                       following notice, BMW NA will issue to
                                       Center an Improvement Addendum or amend
                                       an existing Improvement Addendum, listing
                                       the Deficiency(s) and providing Center a
                                       reasonable date by which the Center must

                                       12

<PAGE>

                                       satisfy the Deficiency(s).

                                 (2)   Should Center reasonably request an
                                       extension of time in writing to comply
                                       with an Improvement Addendum, a justified
                                       request for extension will not be
                                       unreasonably withheld; however, under no
                                       circumstances is BMW NA obligated to
                                       grant more than two extensions.

                                 (3)   Center's failure to satisfy the
                                       Deficiency(s) will jeopardize the
                                       Center's ability to renew the Center
                                       Agreement and could subject Center to
                                       early termination of this Agreement.

                                 (4)   An Improvement Addendum will be canceled
                                       once Center remedies the Deficiency(s).

                                 (5)   An Improvement Addendum may be superseded
                                       by BMW NA at any time to reflect a
                                       Center's progress toward satisfaction of
                                       a Center's Deficiency(s).

                                       13

<PAGE>

                     PARAGRAPH 4 - GENERAL REQUIREMENTS FOR
                             CENTER'S SAV OPERATIONS

Center Operator                  (a) Center agrees that the Center Operator
                                 hereunder shall be the same person as the
                                 Dealer Operator under the Center's BMW Dealer
                                 Agreement for cars or a successor agreement for
                                 cars.

Business Hours                   (b) Throughout the term of this Agreement, the
                                 Center Facility shall be operated during, and
                                 for not less than, the customary business hours
                                 of the trade in the community or locality in
                                 which Center is located. When necessary to
                                 accommodate customers' needs, however, Center
                                 shall extend its regular business hours.

Signs and Pylons                 (c) Subject to local requirements, Center
                                 agrees to display conspicuously at and around
                                 the Center Facility such BMW approved signs and
                                 pylons as BMW NA shall reasonably require.

Center's Corporate and           (d) Center agrees that its corporate name and
Trade Name                       its trade name (also known as the Center's
                                 dba) for its BMW Center SAV Operations shall
                                 be the same as for its BMW Car Operations and
                                 must comply with all applicable BMW NA
                                 policies, procedures, programs, and guidelines
                                 related thereto.

Exclusive Ownership of           (e) Center acknowledges BMW's exclusive
BMW Trademarks                   ownership, and the validity, of the BMW
                                 trademarks (including, without limitation, the
                                 BMW logo), both registered and at common law,
                                 and shall not contest the same during the term
                                 of the Agreement or at any time thereafter.
                                 Center further acknowledges that the BMW
                                 trademarks are famous and highly distinctive
                                 throughout the United States and the world, and
                                 that the BMW trademarks have achieved the
                                 highest degree of recognition within the
                                 automotive industry and other related
                                 industries throughout the United States and the
                                 world. Center and BMW NA agree to cooperate
                                 with each other in preventing any acts of
                                 trademark infringement, dilution, or unfair
                                 competition with respect to any BMW trademark,
                                 but BMW (or BMW NA, as BMW's agent with respect
                                 to trademark matters) shall have

                                       14

<PAGE>

                                 sole control over all actions and legal
                                 proceedings to suppress infringement, dilution,
                                 or any act of unfair competition with respect
                                 to any BMW trademark. Center acknowledges, and
                                 shall not contest, BMW NA's right and authority
                                 to bring any action for infringement, dilution,
                                 or unfair competition with respect to any BMW
                                 trademark.

Use of BMW                       (f) BMW NA grants Center a non-exclusive
Trademarks by Center             license to use the BMW trademarks subject to
                                 the terms and conditions of this Agreement,
                                 including, but not limited to, BMW and BMW NA
                                 trademark policies and guidelines. Center
                                 agrees that it will use the trademarks solely
                                 in connection with the promotion and sale of
                                 BMW Products and consumer service for BMW
                                 Products only in such manner, at such location,
                                 to such extent, and for such purposes as BMW NA
                                 may specify from time to time. No BMW trademark
                                 may be used except in the color, size, form,
                                 and style approved by BMW NA. Moreover, without
                                 the express prior written consent of BMW NA,
                                 Center shall not use any BMW trademark
                                 (including the letters "BMW") as part of its
                                 corporate business name. Center shall promptly
                                 change or discontinue its use of any BMW
                                 trademark upon BMW NA's request. Center agrees
                                 that the sole source and origin of BMW Products
                                 is BMW NA and BMW. Center shall not use the BMW
                                 trademarks in any manner which may tend to
                                 cause a likelihood of confusion concerning the
                                 source or origin of BMW Products. Center shall
                                 not use the BMW trademarks in any manner which
                                 is likely to cause confusion among the public,
                                 deceive or mislead the public, or impair the
                                 goodwill of BMW NA or BMW Products. Without BMW
                                 NA's prior written consent, Center shall not
                                 use BMW trademarks in connection with, or
                                 associated with, any other trademark or brand.
                                 In the event Center desires to utilize the BMW
                                 trademarks in any material, including signage
                                 or advertisements, which also contains
                                 reference to another line or automotive make,
                                 Center agrees to provide BMW NA with thirty
                                 (30) days prior written notice of such use. BMW
                                 NA shall have the sole discretion to grant or
                                 deny approval for such use of the BMW
                                 trademarks. Center acknowledges that BMW NA
                                 shall be irreparably harmed by any breach by
                                 Center of any provision of this Agreement
                                 concerning the use of the BMW trademarks.
                                 Center acknowledges that BMW or BMW NA may, at
                                 their discretion, terminate this license or BMW
                                 NA

                                       15

<PAGE>

                                 may terminate this Agreement for any violation
                                 of BMW or BMW NA trademark policies or
                                 guidelines or the breach of this provision or
                                 other related provisions in this Agreement.
                                 Center agrees to pay all costs, fees, and
                                 expenses, including attorneys fees, of BMW NA
                                 or BMW associated with or arising from any
                                 legal claim or proceeding for the enforcement
                                 of any provision of this Agreement concerning
                                 the use of the BMW trademarks or the BMW brand.

Center Web Sites and             (g) Among other purposes, BMW NA will use its
Internet Use                     Internet web sites to provide sales leads to
                                 facilitate Centers, to facilitate sales, and to
                                 the flow of BMW Product and sales information
                                 among BMW NA, BMW Centers, and consumers.
                                 Center may maintain a world wide web site or
                                 otherwise maintain a presence or advertise on
                                 the Internet or any other public computer
                                 network in connection with the Center's
                                 business; provided, however, that any such
                                 activities are in compliance with the law and
                                 any applicable BMW NA Internet or web site
                                 policies that exist or are subsequently
                                 developed. Center shall not use any BMW
                                 trademarks on the site in a manner inconsistent
                                 with Paragraph 4 of this Agreement or without
                                 BMW NA's prior written authorization or in a
                                 manner that is not acceptable to BMW NA.
                                 Furthermore, Center may not post BMW or BMW NA
                                 proprietary, confidential, or copyrighted
                                 material or information on its web site without
                                 BMW's or BMW NA's prior written approval.
                                 Center also agrees to include on its web site
                                 information BMW NA requires in the manner and
                                 form selected by BMW NA. Center further agrees
                                 to list a link on its web site to
                                 http://www.bmwusa.com. If Center is requested
                                 to provide a link to additional web sites by
                                 BMW NA in writing, Center shall add such links
                                 to its web site. In addition, Center agrees to
                                 obtain BMW NA's prior written approval for any
                                 Internet domain name Center may use or intend
                                 to use and/or home page address. Finally,
                                 Center agrees that it shall be responsible for
                                 the activities and actions it undertakes on the
                                 Internet and at its web site.

                                       16

<PAGE>

Sales of Certified Pre-          (h) Center shall not use any BMW trademark in
Owned and Other Pre-             connection with the  sale of certified or
Owned BMW Vehicles               non-certified pre-owned BMWs unless the Center
                                 fully complies with all requirements of BMW NA
                                 as to the standards, practices, and facilities
                                 for the sale of pre-owned BMWs under the BMW
                                 trademarks. Center agrees to adhere to the
                                 terms and conditions associated with the sales
                                 and service activities for certified pre-owned
                                 BMWs and to all policies, procedures, programs,
                                 and guidelines established and updated from
                                 time to time by BMW NA for certified pre-owned
                                 BMWs. Furthermore, Center shall not certify any
                                 BMWs which do not meet the requirements for
                                 certification and shall not submit claims,
                                 information, or reports to BMW NA identifying
                                 as certified, vehicles that do not meet
                                 certification requirements or vehicles that
                                 have not been certified.

Insurance                        (i) Center shall maintain comprehensive and
                                 excess liability insurance policies in an
                                 amount sufficient to meet all reasonably
                                 anticipated contingencies, including legal
                                 judgments entered against Center. In no event
                                 shall the aggregate value of the policies be
                                 less than Five Million Dollars ($5,000,000.00).
                                 The policies must be issued by an insurance
                                 company with an "A-" or better rating by A.M.
                                 Best or a similar rating agency acceptable to
                                 BMW NA. Center must provide BMW NA with copies
                                 of such policies upon request and a certificate
                                 of insurance each time the policies are
                                 renewed.

Training                         (j) Center agrees that its personnel will be
                                 trained in such special training courses as may
                                 be offered from time to time by BMW NA. Center
                                 shall require its personnel to meet with BMW NA
                                 personnel in the dealership or at other
                                 appropriate locations for the purposes of
                                 training and to use training materials as may
                                 be suggested from time to time by BMW NA.

Advertising                      (k) Center agrees to advertise BMW Products and
                                 customer service for BMW Products in accordance
                                 with the standards set forth in Paragraph 3(b)
                                 and such other reasonable policies, standards,
                                 and guidelines as BMW NA may establish from
                                 time to time. Such

                                       17

<PAGE>

                                 advertising shall include, among other things,
                                 listings in approved web sites and local
                                 classified telephone directories identifying
                                 Center as an authorized dealer in BMW Products.

                                 Both BMW NA and Center recognize the need of
                                 maintaining uniformly high standards of ethical
                                 advertising of a quality and dignity consistent
                                 with the reputation of BMW Products in order to
                                 maintain public confidence and respect in
                                 Center, BMW NA, and BMW Products. Accordingly,
                                 Center agrees not to publish or cause to be
                                 published any advertising in any media
                                 whatsoever relating to BMW Products and
                                 customer service for BMW Products which is
                                 likely to deceive and/or mislead the public or
                                 to impair the goodwill of BMW NA or BMW
                                 Products. BMW NA reserves the right to require
                                 Center to cease any advertising inconsistent
                                 with this provision including the right to
                                 prohibit Center from using BMW trademarks in
                                 advertising.

Center Submissions to            (1) Center shall not submit false or fraudulent
BMW NA                           claims, reports, statements, or information to
                                 BMW NA.

Compliance with Laws             (m) Center shall comply with all applicable
                                 local, state, and federal laws and regulations,
                                 including, but not limited to, laws and
                                 regulations requiring licensing and/or
                                 registration. Center agrees to disclose
                                 information as BMW NA may reasonably request
                                 with respect to the foregoing.

Compliance with this             (n) Center shall comply with the terms and
Agreement and BMW                conditions of this Agreement and all existing
NA Policies,                     and subsequently developed or amended BMW NA
Procedures, Programs,            policies, procedures, programs, and guidelines.
And Guideline

                                       18

<PAGE>

                  PARAGRAPH 5 - CENTER'S SALES OF BMW VEHICLES

Sales Promotion                  (a) Center shall actively and effectively
                                 promote the sale of the full line of authorized
                                 BMW Vehicles and shall promote and sell such
                                 BMW Vehicles primarily in its Primary Market
                                 Area in accordance with the terms and
                                 conditions of this Agreement and through such
                                 means as reasonably may be required by BMW NA
                                 from time to time.

Sales Performance                (b) Within the limitations, if any, resulting
                                 from the quantity of BMW Vehicles made
                                 available to Center by BMW NA, Center shall
                                 achieve the best possible sales performance
                                 obtainable for BMW Vehicles. Such sales
                                 performance shall be evaluated on the basis of
                                 such reasonable and equitable criteria as may
                                 be determined from time to time by BMW NA.

Sales Leads                      (c) Center shall follow up all sales leads
                                 provided to Center by BMW NA (or any of its
                                 subsidiaries, affiliated companies, or
                                 vendors), whether obtained through BMW NA's web
                                 site or otherwise, promptly and courteously
                                 within the time periods set forth by BMW NA in
                                 writing to Centers or in the Center's Operating
                                 Requirements Addendum. Center acknowledges that
                                 BMW NA may divert any sales leads not followed
                                 up on by a Center within the time periods set
                                 forth by BMW NA, in writing to Centers or in
                                 the Center's Operating Requirements Addendum,
                                 to other Centers.

Demonstrators                    (d) For purposes of demonstration, Center shall
                                 have available at all times such number of the
                                 most current model BMW Vehicles as required
                                 pursuant to the Center's Operating Requirements
                                 Addendum. Center shall maintain such BMW
                                 Vehicles in first-class operating condition at
                                 all times.

Strategic Business Plan          (e) Each Center shall develop a strategic
                                 business plan with objectives for the following
                                 year. The annual strategic business plan will
                                 be discussed with and presented to the BMW NA
                                 representatives at an annual strategic business
                                 plan review. The

                                       19

<PAGE>

                                 final strategic business plan, as accepted by
                                 BMW NA, shall represent the goals and
                                 objectives of Center and contain the action
                                 plans developed by Center to achieve those
                                 goals and objectives and, in the case of an
                                 Improvement Addendum, address the means of
                                 complying with the terms and conditions of this
                                 Agreement.

Primary Market Area              (f) BMW NA will assign to Center in writing a
                                 geographic area consisting of a collection of
                                 zip code areas or census tracts, which shall be
                                 the Center's Primary Market Area. The Center's
                                 Primary Market Area is the area in which a
                                 Center will primarily promote and sell BMW
                                 Vehicles. The Center's Primary Market Area will
                                 be used to evaluate the Center's performance
                                 obligations and objectives under this
                                 Agreement. BMW NA may adjust a Center's Primary
                                 Market Area at any time and will provide
                                 written notice to the Center of any adjustment.
                                 Center agrees that it has no right or interest
                                 in any Primary Market Area. In assigning or
                                 changing the Center's Primary Market Area, BMW
                                 NA will exercise its best business judgment
                                 based on the facts and circumstances at the
                                 time that any assignment or change is made.

Performance Evaluation           (g) Center and BMW NA agree that their primary
                                 purpose is to satisfy customers by properly
                                 servicing and promoting the sale of BMW
                                 Products within Center's Primary Market Area.
                                 Center and BMW NA will work together to achieve
                                 this purpose.

                                 (1)   Center's compliance with the retail
                                       business plan and Center's sales,
                                       service, and customer satisfaction
                                       performance will be regularly reviewed
                                       and evaluated. BMW NA will provide to
                                       Center, in writing, its evaluation of
                                       Center's performance. Any written
                                       comments submitted by Center to BMW NA
                                       shall become part of a performance
                                       evaluation report.

                                 (2)   BMW NA shall evaluate Center's
                                       performance based on, but not limited to:

                                       (i)     Center's sales of BMW Products in
                                               Center's Primary Market Area;

                                       (ii)    Registrations attributable to
                                               Center in its Primary Market

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<PAGE>

                                               Area;

                                       (iii)   The sales and registrations of
                                               competitive light trucks in
                                               Center's Primary Market Area;

                                       (iv)    Feedback from Center's customers
                                               measured by the results of the
                                               customer satisfaction surveys
                                               provided to Center by BMW NA;

                                       (v)     The trend of Center's performance
                                               over a reasonable period of time;

                                       (vi)    Significant local conditions that
                                               may have affected Center's
                                               performance;

                                       (vii)   The general vehicle purchasing
                                               trends of the public; and

                                       (viii)  Center's compliance with its
                                               Center Operating Requirements
                                               Addendum, its retail business
                                               plan objectives, and Best
                                               Practices.

Down Payments and                (h) Payments received from customers, whether
Trade-In                         in money or in kind, which are to be applied
                                 towards the subsequent purchase of a new BMW
                                 Vehicle, shall be held for such customers in
                                 accordance with applicable law until such time
                                 as the transaction with respect to which such
                                 payments were received is consummated or
                                 terminated.

Consumer Disclosures             (i) Center shall deliver to purchasers of BMW
                                 Vehicles an itemized invoice and disclose any
                                 other information or give any notice provided
                                 by BMW NA intended for consumers or required by
                                 law.

                                       21

<PAGE>

                         PARAGRAPH 6 - CUSTOMER SERVICE

Scope and Quality                (a) Center shall provide the best possible
                                 customer service for all owners of BMW Vehicles
                                 whether or not the BMW Vehicle was sold by
                                 Center and shall promote its customer service
                                 and the sale of Original BMW Parts. Center
                                 shall not engage in any service practice with
                                 respect to any BMW Products if BMW NA has
                                 reasonably objected to the nature or quality of
                                 such practice or the practice is detrimental to
                                 customers or inconsistent with the purposes of
                                 this Agreement.

Disclosure and Use of            (b)(1) Center shall not use any parts other
Original BMW Parts               than Original BMW or parts expressly approved
                                 (e.g., authorized remanufactured parts) by BMW
                                 NA in the performance of warranty service in
                                 connection with the BMW New SAV Limited
                                 Warranty, parts warranties, and/or other BMW
                                 warranties.

                                 (2) Center recognizes that its customers have a
                                 right to expect that any product that they
                                 purchase from Center meets the high quality
                                 standards associated with BMW Products. In
                                 order to avoid confusion and minimize potential
                                 customer dissatisfaction, in any case where
                                 Center sells for use in the repair of any BMW
                                 Product any parts which are not Original BMW
                                 Parts or parts approved by BMW or BMW NA,
                                 Center shall disclose to the customer that such
                                 parts are not Original BMW Parts or parts
                                 approved by BMW or BMW NA, and, consequently,
                                 that such parts are not warranted by BMW NA.
                                 Such disclosure shall be in writing,
                                 conspicuous, and set forth on the parts
                                 invoice, service, or repair order. Center will
                                 also, by appropriate written notice, advise the
                                 customer of the source of such parts and the
                                 extent of any warranty given by the supplier or
                                 manufacturer of such parts.

                                 (3) Center shall not represent in any manner,
                                 sell or offer for sale as new, Original BMW
                                 Parts or parts approved (e.g., authorized
                                 remanufactured parts) by BMW or BMW NA, any
                                 parts which are not in fact new, Original BMW
                                 Parts or parts approved by BMW or BMW NA.

                                       22

<PAGE>

Pre-Delivery Inspection          (c) Before delivery to the customer, Center
                                 shall inspect, prepare, and condition each new
                                 BMW Vehicle in accordance with quality
                                 certification and other pre-delivery
                                 inspection procedures furnished from time to
                                 time by BMW NA to Center. Evidence of
                                 satisfactory completion will be determined at
                                 the discretion of BMW NA, through customer
                                 responses to surveys or inspection documents
                                 maintained in the Center's vehicle history
                                 file.

BMW Service and                  (d) Upon delivery to a customer of a new BMW
Warranty Information             Vehicle, Center will also deliver to the
Booklet and BMW                  customer the BMW Service and Warranty
Owner's Manual                   Information booklet supplied by BMW NA for such
                                 BMW Vehicle, properly completed and stamped
                                 with Center's corporate or business name, the
                                 customer warranty information, including
                                 notification of any laws, rules, or regulations
                                 addressed in subparagraph (e) below when
                                 required by applicable state law, and the
                                 appropriate BMW Owner's Manual. In addition,
                                 Center shall have copies of applicable warranty
                                 information on display and ready for customer
                                 use.

Compliance with                  (e) Center acknowledges the existence and
Consumer Protection              applicability of various "repair or replace"
Statutes, Policies,              laws, damage disclosure laws, other consumer
Procedures, and                  protection laws, rules, and regulations, and
Guidelines                       BMW NA disclosure policies, procedures, and
                                 guidelines. Center agrees to comply fully with
                                 the requirements of such laws, rules,
                                 regulations, policies, procedures, and
                                 guidelines, including, but not limited to,
                                 delivering all required disclosures, booklets,
                                 and manuals to consumers, and Center shall take
                                 no action which adversely affects BMW NA's
                                 rights and duties under these laws, rules, and
                                 regulations.

                                 Moreover, Center agrees to use its best efforts
                                 to notify BMW NA promptly in writing of all
                                 situations in which "repair or replace" laws
                                 are or may be applicable. Center further agrees
                                 to take such other action as BMW NA may
                                 reasonably require.

                                       23

<PAGE>

                   PARAGRAPH 7 - CENTER'S RECORDS AND REPORTS
                         AND ACCESS TO CENTER'S PREMISES

Financial Records                (a) Center shall keep accurate and current
                                 books of account in accordance with accounting
                                 practices reasonably satisfactory to BMW NA so
                                 as to enable BMW NA to develop comparative data
                                 in order, among other things, to furnish to
                                 Center, for Center's benefit, business
                                 management assistance.

Management                       (b) To facilitate the efficient operation of
Information Systems              the BMW SAV dealer network and the accurate and
Requirements                     prompt disclosure to BMW NA of dealership
                                 operations and financial information, Center
                                 agrees to install and maintain management
                                 information system facilities which are
                                 compatible with the computer systems, hardware,
                                 and software used by BMW NA and comply with the
                                 terms of the BMW Information Management Manual.

Financial Statements             (c) Center shall deliver or mail to BMW NA the
                                 following:

                                 (1)   On or before the tenth (10th) day of each
                                       calendar month, on such forms as BMW NA
                                       reasonably may require, a financial and
                                       operating statement reflecting Center's
                                       BMW SAV Operations for the preceding
                                       month and Center's total BMW SAV
                                       Operations from the beginning of the
                                       calendar year to the end of the preceding
                                       month (the statements referenced in this
                                       Paragraph shall also reflect the
                                       financial and operating results for the
                                       Center's BMW Car Operations); and

                                 (2)   Within three and one-half (3-1/2) months
                                       after the end of the calendar year, a
                                       financial and operating statement for
                                       such year. In the event BMW NA so
                                       requests in writing, such statement shall
                                       be reviewed by a certified public
                                       accountant.

Additional Reports               (d) Center will furnish to BMW NA, on such
                                 forms and at such times as BMW NA reasonably
                                 may require, complete and accurate reports of
                                 Center's sales and inventories of new BMW
                                 Vehicles, of certified pre-owned BMW Vehicles,
                                 of other pre-owned vehicles, and of Original
                                 BMW Parts. Center will also furnish to BMW NA
                                 such other

                                       24

<PAGE>

                                 reports as BMW NA reasonably may require from
                                 time to time. Center shall maintain such
                                 records for at least five (5) years.

Access to Center's               (e) Until the expiration or prior termination
Premises and Records             of this Agreement and thereafter until
                                 consummation of all the transactions referred
                                 to in Paragraph 14 hereof, BMW NA, through its
                                 representatives, employees, and other
                                 designees, shall have the right, at all
                                 reasonable times during regular business hours,
                                 to inspect Center's BMW SAV Operations,
                                 including the Center's Facility and records and
                                 accounts of Center relating to Center's BMW SAV
                                 Operations. Center shall cooperate fully with,
                                 and take all actions necessary to facilitate,
                                 such inspections.

Confidentiality                  (f) BMW NA will not furnish any financial data
                                 submitted to it by Center to any third party
                                 unless: 1) authorized by Center; 2) required by
                                 law, regulation, order, or judicial, alternate
                                 dispute resolution, or administrative process;
                                 3) pertinent to judicial, alternate dispute
                                 resolution, or administrative proceedings; or
                                 4) required to generate composite or
                                 comparative data for analytical purposes.
                                 Center agrees to keep confidential and not
                                 disclose, directly or indirectly, information
                                 that BMW NA designates as confidential and
                                 provides to Center.

                                       25

<PAGE>

                    PARAGRAPH 8 - CENTER'S PURCHASES OF BMW
                                    VEHICLES

Center's Purchase                (a) BMW NA will sell BMW Vehicles to Center at
Price                            such prices and upon terms as may be
                                 established from time to time by BMW NA. Center
                                 shall be responsible for payment of any and all
                                 sales taxes, use taxes, excise taxes, and other
                                 governmental or municipal charges imposed or
                                 levied or based upon the sale of BMW Vehicles
                                 by BMW NA to or through Center.

Payment                          (b) Payment for each BMW Vehicle purchased by
                                 Center shall be made in cash at the time of
                                 delivery unless the invoice provides otherwise,
                                 in which event the terms of the invoice shall
                                 govern. Receipt of any check, draft, or other
                                 commercial paper shall not constitute payment
                                 until BMW NA has received cash in the full
                                 amount thereof. In the event of non-payment,
                                 Center shall pay all of BMW NA's collection
                                 charges, including attorneys fees and costs.

Line of Wholesale                (c) During the term of this Agreement, Center
Credit                           shall maintain exclusively for BMW Vehicles an
                                 unrestricted line or lines of wholesale credit
                                 with a financing institution or institutions
                                 satisfactory to BMW NA in amounts as specified
                                 in the Center Operating Requirements Addendum.

Shipment to Center               (d) BMW NA will endeavor, whenever practicable,
                                 to follow Center's requests with regard to
                                 route and method of shipment of BMW Vehicles
                                 but BMW NA reserves the right to ship BMW
                                 Vehicles purchased by Center hereunder by
                                 whatever mode of transportation, by whatever
                                 route, and from whatever point BMW NA may
                                 select. All shipping charges for BMW Vehicles
                                 will be borne by Center.

Claims Processing                (e) In order to facilitate the processing of
                                 claims for damage against the carrier or
                                 carrier's insurer, Center hereby authorizes BMW
                                 NA to process, and BMW NA agrees that it will
                                 so process at its own cost and expense, all
                                 such claims in BMW NA's name, but for Center's
                                 account, in such manner and on such basis as
                                 BMW NA may

                                       26

<PAGE>

                                 reasonably determine. BMW NA shall not,
                                 however, be obliged to retain counsel or
                                 commence legal proceedings against carrier or
                                 carrier's insurer with respect to any such
                                 claims. Center also authorizes BMW NA to
                                 settle or compromise any such claims for less
                                 than the full amount thereof as BMW NA may in
                                 its sole judgment determine without the prior
                                 approval of Center.

                                 Immediately upon delivery of any BMW Products
                                 to Center, Center shall make a careful
                                 inspection of such products and shall note any
                                 damage in the BMW Products so delivered on the
                                 appropriate carrier delivery forms, which shall
                                 be signed by both the representatives of the
                                 carrier and the representatives of the Center.
                                 Center shall also follow any other pertinent
                                 procedures that may be established from time to
                                 time by BMW NA and will cooperate with BMW NA
                                 in processing any claims. Failure by Center to
                                 note any deficiency or damage upon delivery to
                                 Center and failure to follow any other
                                 pertinent procedures established by BMW NA
                                 shall constitute a waiver by Center of BMW NA's
                                 obligation to process any claim and Center
                                 shall be solely responsible for asserting and
                                 processing any such claims against the carrier.

Passing of Risk                  (f) All BMW Vehicles sold to Center shall be at
                                 Center's risk and peril from the time of
                                 delivery at BMW NA's established place of
                                 delivery whether to Center, Center's agent, or
                                 a common carrier and during all subsequent
                                 transportation. It shall be the obligation of
                                 Center to insure against such risks for its
                                 benefit and at its expense.

Repair and Sale of               (g) In the event that any BMW Vehicle sold by
Damaged BMW                      BMW NA to Center should become damaged prior to
Vehicles                         its delivery by Center to a customer, Center
                                 shall, applying BMW or BMW NA approved repair
                                 practices and procedures, repair fully such
                                 damage so that such BMW Vehicle shall be placed
                                 in first-class salable condition prior to
                                 delivery. Center shall not market any BMW
                                 Vehicle if the quality or condition thereof has
                                 been reasonably objected to by BMW NA. Center
                                 shall comply with all state laws applicable to
                                 such sales and shall disclose to the customer
                                 all damage and repairs in accordance with
                                 applicable state law. Center will also disclose
                                 all damage when

                                       27

<PAGE>

                                 processing wholesale or retail trades of BMW
                                 Vehicles.

Option to Repurchase             (h) In order to protect the integrity of BMW
Damaged Vehicles                 Vehicles, Center's and BMW NA's reputation in
                                 the marketplace, Center agrees to notify BMW NA
                                 whenever any of Center's new and unused BMW
                                 Vehicles are substantially damaged. For the
                                 period of ten (10) business days from BMW NA's
                                 receipt of notice from a Center, BMW NA shall
                                 have the first option to repurchase from Center
                                 such damaged BMW Vehicles at a price equal to
                                 the Net Purchase Price originally paid by
                                 Center to BMW NA less any monies or other
                                 consideration received by Center in connection
                                 with or relating to such damaged BMW Vehicles.
                                 Center agrees to assign its rights under any
                                 insurance contract with respect to such BMW
                                 Vehicles to BMW NA. In the event BMW NA
                                 exercises its option to repurchase as granted
                                 above, BMW NA reserves the right to make any
                                 payment hereunder directly to any party having
                                 a security interest in the BMW Vehicle being
                                 repurchased. BMW NA shall not be liable for any
                                 interest expense under this Paragraph 8 on
                                 returned vehicles, unless repurchased under
                                 this subparagraph (h).

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<PAGE>

                PARAGRAPH 9 - CENTER'S INVENTORY AND PURCHASE OF
                               ORIGINAL BMW PARTS

Minimum Inventory of             (a) Center shall acquire and at all times
Original BMW parts               maintain at least a minimum inventory of
                                 available Original BMW Parts necessary to
                                 satisfy adequately the needs of the market.

Center's Purchase                (b) BMW NA shall sell Original BMW Parts to
Price                            Center at such prices and upon such terms as
                                 may be established from time to time by BMW NA.
                                 Center is responsible for any and all sales
                                 taxes, excise taxes, use taxes, and other
                                 governmental or municipal charges imposed or
                                 levied or based upon the sale of Original BMW
                                 Parts by BMW NA to Center, except federal
                                 excise taxes which may be included in the
                                 purchase price of BMW NA to Center. In the
                                 event of any increase in the prices established
                                 by BMW NA for Original BMW Parts, Center will
                                 have the right to cancel all orders for
                                 Original BMW Parts affected by the increase
                                 which are pending and unfilled at the time
                                 Center obtains notice of the increase, provided
                                 that BMW NA is notified in writing of such
                                 cancellation within ten (10) days from the time
                                 Center obtains notice of the increase.

Payment                          (c) Center's orders for Original BMW Parts will
                                 be filled on the basis of payment terms
                                 established from time to time by BMW NA for
                                 Center's account. Such terms may provide for
                                 open account, limited open account, C.O.D., or
                                 cash. Center will be invoiced at the time of
                                 shipment through the electronic Dealer
                                 Communications System. Center shall receive a
                                 month-end statement. Center shall render
                                 payment for the total amount of the monthly
                                 statement in accordance with the terms stated
                                 therein. Unless otherwise indicated in writing,
                                 full payment is due upon receipt of said
                                 statement. In the event of non-payment, Center
                                 shall pay all of BMW NA's collection charges,
                                 including attorneys fees and costs.

                                       29

<PAGE>

Delivery                         (d) Delivery of Original BMW Parts ordered by
                                 Center shall be made by common carrier, U.S.
                                 mail, or express mail, and if practical, in
                                 accordance with Center's specific request. If
                                 freight charges are to be paid by BMW NA, the
                                 most economical transportation will be
                                 selected.

Claims for Incomplete            (e) All claims for incomplete delivery of
Delivery                         Original BMW Parts must be made by Center in
                                 writing immediately upon Center's receipt of
                                 shipment.

Return of Defective              (f) Center shall not sell, offer for sale, or
Original BMW Parts               install any Original BMW Parts if the nature or
                                 quality thereof has been reasonably objected to
                                 by BMW NA. Center may, after receipt of written
                                 authorization from BMW NA, return defective
                                 Original BMW Parts to BMW NA for credit,
                                 together with the original invoice indicating
                                 Center's purchase price of such Original BMW
                                 Parts. Such Original BMW Parts shall be
                                 shipped, shipping charges prepaid, to the
                                 destination specified by BMW NA. Center will be
                                 reimbursed for shipping charges prepaid by it
                                 on authorized returns of defective Original BMW
                                 Parts based on the lowest applicable rate of
                                 transportation by common carrier.

Right to Return Original         (g) Center will notify BMW NA of any Original
BMW Parts                        BMW Parts ordered by Center in error within
                                 sixty (60) days after receipt of shipment.
                                 Center may return such Original BMW Parts, no
                                 later than sixty (60) days after Center's
                                 receipt of specific authorization from BMW NA,
                                 for credit, which credit shall be applied to
                                 Center's account based on the invoiced price of
                                 the returned Original BMW Parts. Such Original
                                 BMW Parts shall be returned, shipping charges
                                 prepaid, to the destination specified by BMW
                                 NA.

                                 Center may also return, after receipt of
                                 written authorization from BMW NA, Original BMW
                                 Parts shipped to Center due to BMW NA shipping
                                 error. Such Original BMW Parts shall be
                                 shipped, shipping charges prepaid, to the
                                 destination specified by BMW NA and Center
                                 shall be credited for such prepaid shipping
                                 charges as well

                                       30

<PAGE>

                                 as for the invoiced prices of the returned
                                 Original BMW Parts.

Non-Returnable                   (h) Center will not be entitled to return: (1)
Materials, Parts, and            any materials which have been acquired or
Assemblies                       specially fabricated by BMW NA upon Center's
                                 order; (2) unlisted Original BMW Parts or
                                 assemblies; or (3) any Original BMW Parts or
                                 assemblies not purchased by Center from BMW NA.

                                       31

<PAGE>

                      PARAGRAPH 10 - ADDITIONAL PROVISIONS
                       GOVERNING CENTER'S PURCHASE OF BMW
                        PRODUCTS AND CENTER'S INVENTORIES

Taxes                            (a) Center shall provide BMW NA with all of
                                 its tax identification numbers. With regard to
                                 each purchase of BMW Products, Center
                                 represents and warrants that:

                                 (1)   Such BMW Products are being purchased
                                       from BMW NA by Center for resale in the
                                       ordinary course of Center's business;

                                 (2)   Center has complied with all of the
                                       applicable provisions of local and state
                                       laws required for the collection and
                                       payment by Center of all sales, use, and
                                       excise taxes and other governmental or
                                       municipal charges applicable to all such
                                       resale transactions; and

                                 (3)   Center has furnished to BMW NA all resale
                                       certificates or similar documents
                                       required to perfect an exemption from any
                                       applicable sales and use taxes.

                                 Center shall be responsible for payment of any
                                 and all taxes and other governmental or
                                 municipal charges imposed or levied in
                                 connection with the sale to Center by BMW NA of
                                 BMW Products or equipment supplied to Center by
                                 BMW NA.

                                 In the event that any BMW Products are put to a
                                 taxable use by Center or are in fact purchased
                                 by Center for purposes other than resale in the
                                 ordinary course of Center's business, Center
                                 shall make timely return and payment to the
                                 appropriate taxing authorities, as required by
                                 Paragraph 8(a), with respect to BMW Vehicles,
                                 and Paragraph 9(b), with respect to Original
                                 BMW Parts, of all applicable sales, use, and
                                 excise taxes, and other governmental or
                                 municipal charges imposed or levied or based
                                 upon the sale of such BMW Products by BMW NA to
                                 Center, and Center shall hold BMW NA harmless
                                 from any and all claims and demands which may
                                 be made by such taxing authorities against BMW
                                 NA with respect thereto.

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<PAGE>
BMW NA's Purchase               (b) In order to assure its prompt and
Money Security Interest         unconditional payment to BMW NA upon the terms
                                and as and when due of any and all indebtedness,
                                obligations, or liabilities of Center to BMW NA
                                for the purchase of BMW Products
                                ("Obligations"), Center hereby grants, assigns,
                                and transfers to BMW NA a continuing first and
                                senior lien on and security interest in all
                                such BMW Products sold on credit, open account,
                                or limited open account to Center by BMW NA,
                                all accessions and additions thereto, and all
                                proceeds and products of such BMW Products,
                                whether now owned or hereafter acquired as well
                                as a security interest in cash incentives,
                                holdbacks, bonuses, or other BMW NA payables
                                (the "Collateral"). In furtherance thereof and
                                in recognition of BMW NA's status as a secured
                                party having all the rights and remedies of a
                                secured party under Article 9 of the Uniform
                                Commercial Code:

                                (1)   In the event Center is in default of any
                                      Obligations or any of the events described
                                      in Paragraph 12(b) and (c) of this
                                      Agreement shall occur, and at any time
                                      thereafter, BMW NA may declare Center in
                                      default and may exercise the following
                                      rights and remedies, in addition to all
                                      other rights and remedies it has as a
                                      secured party under the Uniform Commercial
                                      Code:

                                      (i)     To declare all Obligations of
                                              Center to BMW NA immediately due
                                              and payable; and

                                      (ii)    To require Center to assemble the
                                              Collateral and make it available
                                              to BMW NA for possession at a
                                              place designated by BMW NA which
                                              is reasonably convenient to both
                                              parties.

                                (2)   With respect to all proceeds of the
                                      Collateral, including, without limitation,
                                      payments received by Center from a
                                      customer upon delivery of any BMW
                                      Product constituting Collateral and cash
                                      deposits received from a customer in
                                      anticipation of a future delivery of a BMW
                                      Product constituting Collateral to such
                                      customer, Center grants to BMW NA an
                                      irrevocable power of attorney to endorse
                                      all cash and non-cash proceeds of the
                                      Collateral to effect collection thereof,
                                      it being understood and

                                       33

<PAGE>
                                      intended by Center that such power of
                                      attorney is coupled With an interest; and
                                      Center shall:

                                      (i)     Upon demand by BMW NA, whether or
                                              not Center is in default of
                                              any Obligations, deposit not later
                                              than the business day following
                                              receipt, all proceeds of the
                                              Collateral or any portion thereof,
                                              in a separate bank account
                                              designated for that purpose and
                                              under the sole control of BMW NA;

                                      (ii)    Not commingle any proceeds of the
                                              Collateral to which BMW NA is
                                              entitled with other funds or
                                              property of Center until delivery
                                              of such proceeds to BMW NA has
                                              been completed, it being agreed
                                              and understood that the proceeds
                                              to which BMW NA is entitled shall
                                              be that portion of the proceeds
                                              upon sale of a BMW Product
                                              constituting Collateral which
                                              equals the Obligations with
                                              respect to such BMW Product; and

                                      (iii)   Hold any proceeds of the
                                              Collateral to which BMW NA is
                                              entitled under Paragraph 10(b)(2)
                                              hereof separate and apart and upon
                                              express trust for BMW NA until
                                              such delivery or deposit.

                                (3)   Center shall hold in trust each deposit of
                                      cash received from a customer in
                                      anticipation of a future delivery of a BMW
                                      Product constituting Collateral to such
                                      customer until such delivery is
                                      consummated.

                                (4)   Center shall not sell, pledge, assign,
                                      transfer, lease, resell, or otherwise
                                      dispose of any type of Collateral herein
                                      described or any interest in Collateral
                                      except in the ordinary course of Center's
                                      business or as may be authorized in
                                      writing by BMW NA.

                                (5)   Center shall execute and deliver promptly
                                      to BMW NA one or more financing statements
                                      pursuant to the Uniform Commercial Code in
                                      the form suitable for filing to perfect a
                                      purchase money security interest in the
                                      Collateral and which are otherwise
                                      satisfactory to BMW NA. Center irrevocably
                                      appoints BMW NA

                                       34

<PAGE>
                                      as its attorney in fact, to sign and file,
                                      in Center's name, financing statements at
                                      any time with respect to the Collateral
                                      and the proceeds thereof, it being
                                      understood and intended by Center that
                                      such power of attorney is coupled with an
                                      interest.

                                (6)   The remedies provided in this Paragraph
                                      10(b) shall be in addition to any other
                                      rights and remedies provided for in this
                                      Agreement or under applicable law.

Return or Diversion of          (c) In the event Center should fail or refuse
BMW Vehicles on                 for any reason (other than  an error by BMW NA)
Center's Failure to             to accept any BMW Vehicle delivered to  Center's
Accept                          Facility, Center will reimburse BMW NA for all
                                expenses incurred by BMW NA in returning such
                                BMW Vehicle to the original point or in
                                diverting it to another destination, as the
                                case may be; but in no event shall Center be
                                required to pay BMW NA an amount in excess
                                of the expense of returning such BMW Vehicle
                                to its original point of delivery to Center.
                                Center forfeits any further rights it may
                                have with respect to such rejected BMW
                                Vehicle(s).

Failure of or Delay in          (d) BMW NA will not be under any liability to
Delivery                        Center for failure to deliver or for delay in
                                making delivery if such failure or delay results
                                from any event brought by causes other than
                                willful or grossly negligent conduct of BMW
                                NA, such as, for example, any event in the
                                nature of force majeure, acts of God, acts of
                                any government, foreign or civil wars, riots,
                                interruptions of navigation, shipwrecks,
                                strikes, lockouts, other labor troubles,
                                embargoes, blockades, fires, explosions,
                                sabotage, failures of BMW or of any other
                                supplier of BMW NA to deliver, or delay of BMW
                                or of any other supplier of BMW NA in making
                                delivery.

Changes in                      (e) BMW Products will be delivered by BMW NA to
Specifications                  Center in accordance with standards applicable
                                at the time of their manufacture. BMW NA and
                                Center recognize and agree that BMW and/or BMW
                                NA shall have the right, without limitation, at
                                any time and from time to time, to make changes
                                or modifications in the design specifications of
                                BMW Products without notice. BMW NA shall have
                                no obligation to Center to make such change or
                                modification with respect to BMW Products
                                previously delivered to

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<PAGE>
                                or ordered by Center or to make any refund or
                                other adjustment for any BMW Products
                                previously purchased by Center or being
                                imported, manufactured, or sold, whether or not
                                the price of such BMW Products is affected
                                thereby. No change shall be considered a model
                                year change unless so specified by BMW.

Changes by Center on            (f) Center agrees not to make any modifications
BMW Products and                or alterations to BMW Vehicles which alters the
Compliance with                 original engineering and/or operating
Safety, Air Pollution,          specifications of the vehicle. BMW NA may
Noise Control, and              request Center to make such changes or refrain
Consumer Warranty               from making such changes on BMW Products as may
Requirements                    be prescribed from time to time by BMW, and
                                Center agrees to comply promptly with such
                                requests. Center also agrees to take such steps
                                and render such reports in connection with the
                                National Traffic and Motor Vehicle Safety Act
                                of 1966, the Consumer Product Safety Act, the
                                Magnuson-Moss Warranty Act, or any other
                                legislation or regulation pertaining to safety,
                                air pollution, noise control, or warranties to
                                consumers, as may be required of motor vehicle
                                dealers, distributors, or manufacturers or as
                                BMW or BMW NA may request from time to time,
                                and to comply with all such legislation and
                                regulations in conducting Center's BMW SAV
                                Operations. BMW NA will reimburse Center for
                                the reasonable cost of any Original BMW Parts,
                                and labor in accordance with current warranty
                                rates and procedures, which may be used by
                                Center in making changes on BMW Products
                                requested by BMW NA and/or BMW. Center agrees
                                to indemnify and hold harmless BMW and BMW NA
                                from and against any and all claims and
                                liabilities arising from Center's failure or
                                alleged failure to comply, in whole or in part,
                                with any obligation assumed by Center pursuant
                                to this Paragraph. Center will communicate to
                                BMW NA all suggestions with respect to
                                improvements in BMW Products it may have or
                                develop as a result of its experience.

Inventories                     (g) Center agrees that, in addition to
                                maintaining at least the minimum inventory of
                                Original BMW Parts required under Paragraph
                                9(a), Center will acquire, and at all times
                                maintain, such inventory of available BMW
                                Products as is necessary in accordance with the
                                current and reasonably foreseeable volume of
                                Center's business and to further Center's sales
                                activities and to assure satisfactory

                                       36
<PAGE>

                                customer service and supply of Original BMW
                                Parts.

                                       37

<PAGE>

                      PARAGRAPH 11 - WARRANTY TO CUSTOMERS

BMW Warranties                  (a) Each BMW Vehicle supplied by BMW NA will be
                                warranted to the customer by BMW NA in
                                accordance with the New SAV Limited Warranty,
                                the Limited Emissions Warranties, and the
                                Limited Warranty against Rust Perforation. Each
                                Original BMW Part supplied by BMW NA will be
                                warranted to the customer by BMW NA in
                                accordance with the Limited Warranty on
                                Original BMW Parts or the Limited Warranty on
                                Original BMW Parts Purchased Over the Counter,
                                as the case may be.

Incorporation of BMW            (b) Center agrees to make all sales of BMW
Warranties in Center's          Vehicles and Original BMW Parts in such a way
Sales                           that its customers acquire all rights in
                                accordance with the New SAV Limited Warranty,
                                the Limited Emissions Warranties, the Limited
                                Warranty against Rust Perforation, the Limited
                                Warranty on Original BMW Parts, or the Limited
                                Warranty on Original BMW Parts Purchased Over
                                the Counter, as the case may be. Center will
                                supply consumers with a copy of such warranties
                                in such fashion as may from time to time be
                                required by BMW NA or by applicable law.

Exclusion of Warranties         (c) TO THE EXTENT PERMITTED BY APPLICABLE LAW,
                                EXCEPT AS SPECIFICALLY PROVIDED FOR IN THE NEW
                                SAV LIMITED WARRANTY, THE LIMITED EMISSIONS
                                WARRANTIES, THE LIMITED WARRANTY AGAINST RUST
                                PERFORATION, THE LIMITED WARRANTY ON ORIGINAL
                                BMW PARTS, AND THE LIMITED WARRANTY ON ORIGINAL
                                BMW PARTS SOLD OVER THE COUNTER, ALL OTHER
                                WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT
                                NOT LIMITED TO, IMPLIED WARRANTIES OF
                                MERCHANTABILITY AND FITNESS FOR A PARTICULAR
                                PURPOSE, ARE EXCLUDED AND BMW NA MAKES NO OTHER
                                WARRANTIES, EXPRESS OR IMPLIED, TO CONSUMERS.
                                THE EXCLUSION ALSO APPLIES TO INCIDENTAL,
                                CONSEQUENTIAL, SPECIAL, OR INDIRECT DAMAGES FOR
                                ANY BREACH OF EXPRESS OR IMPLIED WARRANTY,
                                INCLUDING THE IMPLIED WARRANTIES OF
                                MERCHANTABILITY AND/OR FITNESS, IF ANY,
                                APPLICABLE TO

                                       38

<PAGE>
                                BMW PRODUCTS.

Warranty Policies and           (d) Center agrees to comply with the provisions
Procedure                       of the Warranty Policies and Procedures Manual
                                supplied by BMW NA to Center and any future
                                versions of the Warranty Policies and
                                Procedures Manual applicable to a warranty
                                claim. All such manuals and documents referred
                                to therein are fully incorporated into this
                                Agreement. Center further agrees to follow the
                                procedures established from time to time by BMW
                                NA for the processing and disposition of
                                warranty claims and the return and disposition
                                of Original BMW Parts claimed to be defective.
                                Center will also comply with all requests of
                                BMW NA for the performance of service in
                                response to warranty claims and will maintain
                                detailed records of time and parts consumption
                                as prescribed by BMW NA. Upon complying with
                                such procedures and requests and maintaining
                                such records, Center will be entitled to
                                reimbursement for warranty claims in the
                                amounts for reimbursement specified in the
                                applicable Warranty Policies and Procedures
                                Manual for warranty claims provided that Center
                                has the necessary equipment and qualified
                                service personnel, as specified by BMW NA, to
                                effect necessary warranty repairs. Center must
                                also have documentation in support of its
                                claims and Center acknowledges and agrees that
                                BMW NA may request Center to provide
                                documentation to BMW NA at any time in
                                connection with such claims.

                                Strict adherence to the procedures established
                                for processing warranty claims is necessary in
                                order for BMW NA to process such claims fairly
                                and expeditiously. BMW NA will be under no
                                obligation with respect to warranty claims not
                                made strictly in accordance with such procedures
                                and in a timely manner. Center's obligation
                                hereunder extends to all BMW Vehicles and BMW
                                Products under warranty presented to Center by a
                                customer, regardless of whether Center sold the
                                BMW Vehicle or BMW Product to such customer.

                                Center is not authorized to assume or incur any
                                other or additional warranty obligations or
                                liabilities on behalf of either BMW OR BMW NA.
                                Any such other or additional obligations
                                assumed or incurred by

                                       39

<PAGE>

                                Center shall be solely the responsibility of
                                Center, including the disclosure of the
                                identity of the supplier or warrantor, the
                                existence of a warranty, and the specific terms
                                and conditions of such warranty to the
                                consumer.

                                       40

<PAGE>

                       PARAGRAPH 12 - TERMINATION PRIOR TO
                         EXPIRATION DATE AND SUCCESSION

Termination by Center           (a) Center shall have the right to terminate
                                this Agreement at any time by sending notice of
                                such termination to BMW NA, by certified mail,
                                return receipt requested, telegram, or
                                overnight mail service sixty (60) days in
                                advance of the effective date thereof.

Immediate Termination           (b) Except to the extent a greater notice period
by BMW NA for Cause             is required by any applicable statute, in which
                                case the minimum notice period shall be deemed
                                to be the minimum period required by such law,
                                BMW NA shall have the right to terminate this
                                Agreement for cause, with immediate effect, by
                                sending notice of such termination to Center by
                                certified mail return receipt requested,
                                telegram, or overnight mail service, if any of
                                the following events should occur:

                                (1)   Any material misrepresentation by any of
                                      the persons listed in Article C of the
                                      Center Agreement as to any fact relied
                                      upon by BMW NA in entering into this
                                      Agreement or approving such persons;

                                (2)   Conviction of Center or of any of the
                                      persons listed in Article C of the Center
                                      Agreement, or pleading guilty or pleading
                                      nolo contendre by any of the foregoing,
                                      of any felony or for any material
                                      violation of law if BMW NA has reason to
                                      believe that such conviction or plea
                                      may adversely affect the conduct of
                                      Center's BMW SAV Operations or would
                                      tend to be harmful to BMW, BMW NA, the
                                      reputation of BMW Products, or the
                                      marketing of BMW Products;

                                (3)   Submission by Center to BMW NA of false or
                                      fraudulent reports, statements, or
                                      information, or false or fraudulent claims
                                      for reimbursement, refunds, or credits,
                                      such as, for example, false or fraudulent
                                      warranty claims;

                                (4)   Grossly negligent or willful conduct on
                                      the part of Center or of any of the
                                      persons listed in Article C of the Center
                                      Agreement that BMW NA determines, in the
                                      reasonable exercise of its

                                       41

<PAGE>

                                      discretion, to be harmful to the goodwill
                                      of BMW or BMW NA, the reputation of BMW
                                      Products, or the marketing of BMW
                                      Products;

                                (5)   Closure or cessation of Center's BMW SAV
                                      Operations for a period of six (6)
                                      consecutive business days, unless such
                                      closure or cessation of operation is
                                      caused by some event beyond the control of
                                      the Center, such as strikes, civil war,
                                      riots, fires, floods, earthquakes, or
                                      other acts of God, and Center does not
                                      immediately resume its customary
                                      operations after the cause of the closure
                                      or cessation of operations is removed;

                                (6)   Dissolution or liquidation of Center, if a
                                      partnership or corporation;

                                (7)   Insolvency or business failure of Center,
                                      Center's inability to pay its debts as
                                      such debts become due, appointment of a
                                      receiver or custodian for all or any part
                                      of the property of Center, assignment for
                                      the benefit of creditors by Center, the
                                      commencement of a case or proceeding under
                                      any bankruptcy or insolvency laws by or
                                      against Center or any person or entity
                                      owning or holding, beneficially or
                                      otherwise, a majority or controlling
                                      interest in Center, or the subjection of
                                      all or any BMW Products to execution or
                                      other judicial process;

                                (8)   Termination of BMW NA's authorization as a
                                      BMW importer;

                                (9)   The conduct, directly or indirectly, of
                                      any dealership operation at any location,
                                      other than that specifically approved
                                      herein for such operation, without the
                                      prior written approval of BMW NA;

                                (10)  Any attempted or actual sale, transfer, or
                                      assignment by Center of the Center's
                                      assets, any ownership interest in the
                                      Center, this Agreement, or any of the
                                      rights granted to Center hereunder, or any
                                      attempted or actual transfer, assignment,
                                      or delegation by Center of any of the
                                      responsibilities assumed by it under this
                                      Agreement, without the prior written
                                      consent and approval of BMW NA, including,
                                      but not limited to, any attempted or
                                      actual sale, transfer, or assignment of
                                      Center's assets or any ownership interest
                                      in the Center relating to the

                                       42

<PAGE>
                                      conduct of BMW SAV Operations hereunder:
                                      a) separate and apart from the assets or
                                      ownership interests relating to the
                                      conduct of BMW Car Operations under the
                                      BMW Dealer Agreement for cars or a
                                      successor agreement for cars; b) to a
                                      person, partnership, trust, corporation,
                                      or other entity that does not own or
                                      operate BMW Car Operations; or c) to a
                                      person or entity that does not meet BMW
                                      NA's appointment criteria for a BMW SAV
                                      Center Agreement;

                                (11)  Any attempted or actual sale, transfer, or
                                      assignment of Center assets or stock that
                                      does not comply with the ownership
                                      limitations set forth in this Agreement or
                                      BMW NA's ownership policies or procedures;

                                (12)  Any change of a Center's executive
                                      management without BMW NA's prior written
                                      consent and approval;

                                (13)  Any attempted or actual pledging of Center
                                      stock or this Agreement as security for an
                                      obligation;

                                (14)  The termination of, or any conduct that
                                      warrants the termination of, the Dealer
                                      Agreement for cars or a successor
                                      agreement for cars;

                                (15)  The loss of licenses, permits, or
                                      authorization necessary for Center to
                                      perform its obligations under this
                                      Agreement; and

                                (16)  Any dilution or attempt to dilute the BMW
                                      brand or trademarks, the infringement of
                                      BMW trademarks, or the violation of the
                                      trademark provisions in this Agreement or
                                      BMW or BMW NA trademark policies or
                                      guidelines.

Termination by BMW              (c) Except to the extent a greater notice period
NA on Sixty (60) Days           is required by any applicable statute, in which
Notice                          case the notice period shall be deemed to be the
                                period required by such statute, BMW NA shall
                                have the right to terminate this Agreement, on
                                sixty (60) days notice, if any of the following
                                situations exist and BMW NA has previously sent
                                a written notice to Center with respect thereto:

                                       43

<PAGE>

                                (1)   Any disagreement or personal difficulties
                                      between or among any of the persons listed
                                      in Article C of the Center Agreement
                                      which BMW NA has a reasonable basis to
                                      believe would have a materially adverse
                                      effect on the conduct of Center's BMW SAV
                                      Operations or the presence in the
                                      management of Center of any person who BMW
                                      NA has a reasonable basis to believe does
                                      not have the requisite qualifications for
                                      the position;

                                (2)   Impairment of the reputation or financial
                                      standing of Center or any of the persons
                                      listed in Article C of the Center
                                      Agreement or ascertainment by BMW NA of
                                      any facts existing at or prior to the time
                                      of execution of this Agreement which tend
                                      to impair such reputation or financial
                                      standing;

                                (3)   Any reduction in value of Center's BMW
                                      Products or any act on the part of the
                                      Center, including without limitation, the
                                      existence of any liens or encumbrances
                                      upon BMW Products, which to any degree
                                      imperils the prospect of full performance
                                      or satisfaction of the Obligations of
                                      Center to BMW NA; or any change in the
                                      financial or other condition of Center
                                      which BMW NA has reason to believe
                                      unreasonably impairs BMW NA's security or
                                      increases its risk hereunder. By way of
                                      example, such impairments might include
                                      failure to pay for BMW Products in
                                      accordance with the terms and conditions
                                      of sales and failure to establish and/or
                                      maintain for the duration of the
                                      Agreement, net working capital and/or
                                      adequate exclusive unrestricted wholesale
                                      lines of credit;

                                (4)   The importation, exportation,
                                      distribution, or sale of: (a) BMW vehicles
                                      which are not originally manufactured or
                                      designed for use in the United States ; or
                                      (b) BMW Products: (i) for resale in the
                                      United States; (ii) for resale or use
                                      outside the United States; or (iii) in
                                      violation of BMW NA's Export Policy.

                                (5)   Refusal to permit BMW NA to examine or
                                      audit Center's accounts and records as
                                      provided herein upon receipt by Center
                                      from BMW NA of written notice requesting
                                      such permission or information;

                                       44

<PAGE>

                                (6)   Failure of Center to furnish accurate
                                      sales or financial information and failure
                                      to submit the information and related
                                      supporting data in a timely fashion;

                                (7)   Subject to provisions contained herein
                                      with regard to any change in ownership
                                      occurring by reason of the death or
                                      permanent disability of Center's Owner(s),
                                      any change in Center's Owners holding a
                                      majority or controlling ownership interest
                                      in Center, or any change, whether
                                      voluntary or by operation of law, in the
                                      ownership of beneficial interests in
                                      Center, or any appointment of Center
                                      Operator, without the prior written
                                      consent of BMW NA;

                                (8)   Center's failure to take any actions
                                      pursuant to the National Highway Traffic
                                      Safety Administration and Motor Vehicle
                                      Safety Act of 1966, the Consumer Product
                                      Safety Act, the Magnuson-Moss Warranty
                                      Act, damage disclosure statutes, or any
                                      other law, statute, or regulation
                                      pertaining to safety, air pollution, noise
                                      control, or warranties to consumers which
                                      may be required of motor vehicle dealers
                                      or which BMW NA may request in
                                      implementing any action undertaken by BMW
                                      NA or BMW; or

                                (9)   Any breach or violation of any material
                                      obligation contained in this Agreement or
                                      in connection with any transaction between
                                      BMW NA and Center, or the failure of
                                      Center to satisfy any deficiency(s)
                                      contained in the Improvement Addendum, or
                                      any material failure by Center to comply
                                      with a requirement established by BMW NA
                                      and communicated to Center in accordance
                                      with this Agreement.

                                During the period such a situation as defined in
                                this Paragraph 12 continues to exist, BMW NA may
                                modify its terms of payment with respect to
                                Center to such extent as BMW NA may consider
                                appropriate, irrespective of Center's credit
                                standing or payment record.

                                       45

<PAGE>

Termination upon                (d) BMW NA may terminate this Agreement at any
Offering to Enter into a        time by providing Center with ninety (90) days
New or Amended BMW              prior notice thereof and offering to enter into
SAV Center Agreement            a new or amended form of BMW SAV Center
                                Agreement with Center in a form being generally
                                offered to eligible or qualified BMW
                                SAV Centers in accordance with Article H.

Termination for Failure         (e) If BMW NA fails to obtain or maintain any
of BMW NA to be                 license, permit, or authorization necessary for
Licensed                        BMW NA's performance of its obligations under
                                this Agreement or if any such license, permit,
                                or authorization is suspended or revoked, and
                                such suspension or revocation continues for a
                                period of six (6) consecutive business days,
                                either party may terminate this Agreement by
                                providing written notice to the other party.

No Waiver by Failure to         (f) In the event BMW NA shall be entitled to
Terminate                       terminate this Agreement pursuant to the
                                provisions of Paragraph 12 (b) or (c), but shall
                                fail to do so, such failure shall not be
                                considered a waiver of the rights of BMW NA to
                                so terminate the Agreement.

Termination upon Death          (g) Death or permanent disability of any of
or Permanent Disability         Center's Owners holding a majority or
                                controlling ownership interest in Center or the
                                permanent disability of Center Operator may, at
                                BMW NA's option, result in the termination of
                                this Agreement, upon written notice by BMW NA
                                to Center. BMW NA shall provide such notice
                                within a reasonable time after such death or
                                permanent disability. Termination hereunder
                                shall be effective sixty (60) days from the
                                date of such notice.

Successor in Event of           (h) Notwithstanding the provisions in Paragraph
Death or Permanent              12 (g), in the event of the death or permanent
Disability                      disability of any of the Center's Owners, if
                                the beneficial interest in Center passes
                                directly to the surviving spouse and children,
                                or to any of them, and if:

                                (1)   Either or both of the persons included in
                                      Article C(4) and (5) of the BMW SAV Center
                                      Agreement remain(s) unchanged; or

                                       46

<PAGE>

                                (2)   Within ninety (90) days after the death
                                      or permanent disability of such Center
                                      Owners, arrangements are completed for the
                                      assumption of the management of Center by
                                      persons acknowledged in writing by BMW NA
                                      to be satisfactory to it;

                                then BMW NA will not terminate the Agreement by
                                reason of such death or permanent disability
                                before the end of twelve (12) months after the
                                death or permanent disability of such Center
                                Owners and, if the Agreement expires sooner
                                than twelve (12) months after the death or
                                permanent disability of such Center Owners, BMW
                                NA will offer to enter into a new Agreement
                                with Center for an extension period equal to
                                the difference between twelve (12) months and
                                the number of days between the date of death or
                                permanent disability of such Center Owners and
                                the expiration date of this Agreement. Such new
                                Agreement will be in substantially the same
                                form as the Agreement then currently offered by
                                BMW NA to its Centers. Prior to the expiration
                                of such extension period and after completion
                                of BMW NA's evaluation of the performance of
                                Center's management during such period, BMW NA
                                will review with Center the changes, if any, in
                                the management or equity interests of Center
                                required by BMW NA as a condition to renewing
                                or extending the aforementioned new Agreement
                                with Center.

Successor Nominee               (i) Center may amend the Center Agreement to
                                nominate a Successor, designating proposed
                                Center Owners of a Successor Center to be
                                established if this Agreement is terminated
                                because of death or permanent disability. A
                                Successor Nominee, however, must be an
                                individual and shall not be a trust,
                                partnership, corporation, or any other entity.
                                Center may also cancel a Successor Nominee by
                                providing notice to BMW NA that it intends to
                                amend the Center Agreement to delete and/or
                                substitute a new Successor Nominee. The request
                                to amend the Center Agreement or to cancel a
                                Successor Nominee must be executed by all of
                                Center's Owners and be received by BMW NA prior
                                to such death or permanent disability. In the
                                case of the nomination of a Successor, any
                                proposed Center Owners must be acceptable to
                                BMW NA. If a Successor Nominee is not
                                acceptable to BMW NA, Center and BMW NA will
                                create a developmental plan which, if
                                successfully

                                       47

<PAGE>

                                accomplished, will qualify the Successor
                                Nominee to eventually become a Center Owner.

                                In the case of cancellation of a Successor
                                Nominee, BMW NA agrees to delete the name of
                                the party listed in Article C(6) upon receipt
                                of that notice. If, due to changed
                                circumstances, BMW NA believes or has a
                                reasonable basis to believe the Successor
                                Nominee is or should be disqualified, BMW NA
                                will notify Center that the proposed owner is
                                no longer acceptable. A subsequent Successor
                                Nominee will be designated or a developmental
                                plan will be created by mutual agreement
                                between BMW NA and Center.

                                If BMW NA has notified Center Owners in writing
                                before the death or permanent disability of
                                such owners that BMW NA does not plan to
                                continue to have a center at Center's location,
                                BMW NA shall accept a Successor Nominee upon
                                the Successor's written commitment to relocate
                                Center's BMW SAV Operations within a reasonable
                                time to a mutually acceptable location.

                                       48
<PAGE>

                     PARAGRAPH 13 - CONTINUATION OF BUSINESS
                                    RELATIONS

Continuation of                  (a) This Agreement can be extended or renewed
Business Relations               only through an express written instrument to
After Expiration or Prior        that effect executed in accordance with Article
Termination                      K of the Center Agreement. Any business
                                 relations of any nature whatsoever between BMW
                                 NA and Center after the expiration of the
                                 Agreement, or after its prior termination
                                 pursuant to Paragraph 12, without such written
                                 instrument shall not operate as an extension or
                                 renewal of the Agreement. Nevertheless, all
                                 such business relations, so long as they are
                                 continued, shall be governed by terms identical
                                 with the provisions of this Agreement.

                                       49

<PAGE>

                   PARAGRAPH 14 - RIGHTS AND LIABILITIES UPON
                        EXPIRATION OR PRIOR TERMINATION

Cancellation of Pending          (a) Upon the expiration or prior termination of
Orders and Post                  this Agreement all pending orders of Center for
Expiration and                   BMW Products previously accepted by BMW NA will
Termination Obligations          be considered canceled and Center shall
                                 immediately do the following:

                                 (1)   BMW Signs - Center shall remove, at its
                                       own expense, all BMW signs displayed at
                                       Center's Facility and sell and deliver
                                       the same to BMW NA at Center's Facility
                                       in suitable condition and packing for
                                       transportation. Promptly following such
                                       delivery, BMW NA will pay to Center,
                                       Center's purchase price for such signs
                                       reduced by straight-line depreciation on
                                       the basis of a seven-year useful life;

                                 (2)   Discontinuance of Use of BMW Trademarks -
                                       Center acknowledges that the license and
                                       right to the use of the BMW trademarks
                                       ceases upon Center's voluntary
                                       resignation or termination as a Center,
                                       or upon the expiration of this Agreement,
                                       whichever occurs first. In such event,
                                       Center shall immediately cease holding
                                       itself out as a BMW dealer and refrain
                                       from using BMW trademarks and trade names
                                       in any fashion whatsoever. Moreover,
                                       Center agrees not to use any similar
                                       trademarks or trade names and shall
                                       refrain from any other activity which
                                       states or implies that it is authorized
                                       to deal in or service BMW Products. If
                                       Center shall refuse or neglect to comply
                                       with the provisions of Paragraph 14(a)(1)
                                       and (2), Center agrees that BMW and BMW
                                       NA shall suffer irreparable harm from the
                                       unauthorized use of BMW trademarks and/or
                                       trade names. Furthermore, Center shall
                                       reimburse BMW NA for all costs and
                                       expenses (including attorneys fees)
                                       incurred by BMW NA in connection with
                                       legal proceedings to require Center's
                                       compliance;

                                 (3)   Orders and Files - Center shall transfer
                                       to BMW NA, or BMW NA's designee or
                                       designees, all orders for sale by Center
                                       of BMW Vehicles and Original BMW Parts
                                       then pending with

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<PAGE>

                                       Center, all deposits made thereon,
                                       whether in cash or in kind, and all of
                                       its warranty files and files of
                                       prospective customers for BMW Products,
                                       or complete copies of all such files;

                                 (4)   Customer Lists - Center shall provide BMW
                                       NA with the correct names, addresses, and
                                       telephone numbers of all customers who
                                       purchased BMW Vehicles from Center and
                                       the service records of all current and
                                       active service customers. To the extent
                                       they are available for such customers,
                                       Center will provide BMW NA with correct
                                       facsimile numbers and e-mail addresses
                                       for the customers; and

                                 (5)   Literature - Center shall deliver to BMW
                                       NA at BMW NA's place of business, or to
                                       BMW NA's designee or designees, free of
                                       charge, any and all technical or service
                                       literature, advertising, other printed
                                       material, compact discs, diskettes, and
                                       any other technological medium relating
                                       to BMW Products then in Center's
                                       possession which were acquired or
                                       obtained by Center from BMW NA, such as,
                                       for example, sales instruction manuals
                                       and promotional materials.

Purchase of Center's             (b) Within ninety (90) days of the expiration
Inventory of BMW                 or prior termination of  this Agreement and
Products by BMW NA               provided further that all of Center's
                                 Obligations to BMW NA have been paid or
                                 satisfied in full, BMW NA, upon Center's
                                 compliance with the provisions hereinafter set
                                 forth, will purchase from Center and Center
                                 will sell and deliver to BMW NA, the following:

                                 (1)   New BMW Vehicle Inventory - BMW NA will
                                       purchase all new, unused, undamaged, and
                                       unmodified BMW Vehicles then unsold in
                                       Center's inventory which are in
                                       first-class salable condition and of the
                                       then current model year or the
                                       immediately preceding model year,
                                       provided that such BMW Vehicles were
                                       purchased by Center from BMW NA (or in
                                       the ordinary course of business, from
                                       other Centers). The price for such BMW
                                       Vehicles shall be the Net Purchase Price
                                       at which they were originally purchased
                                       from BMW NA;

                                 (2)   New Original BMW Parts Inventory - BMW NA
                                       will purchase all new, unused, and
                                       undamaged Original BMW Parts (other than

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<PAGE>

                                       the special BMW tools specifically
                                       covered in Paragraph 14(b)(3) below), in
                                       original packaging not classified as
                                       obsolete or "special" by BMW NA, and
                                       listed in the then current BMW Parts
                                       Price List, then unsold in Center's
                                       inventory which are in first-class,
                                       salable condition; provided such Original
                                       BMW Parts were purchased by Center from
                                       BMW NA. The price at which BMW NA will
                                       purchase such Original BMW Parts shall be
                                       the price last established by BMW NA
                                       under the BMW NA standard parts order for
                                       the sale of identical Original BMW Parts
                                       to centers, less a 15% handling and
                                       restocking charge; and

                                 (3)   Special BMW Tools - BMW NA will purchase
                                       all required special BMW tools applicable
                                       to BMW Vehicles including electronic
                                       testing equipment and computer hardware
                                       and software, if any, provided that such
                                       tools were purchased by Center from BMW
                                       NA, and provided any sets of such tools
                                       are complete and no parts or components
                                       are missing or otherwise unusable. The
                                       price at which BMW NA will purchase such
                                       special BMW tools shall be reasonably
                                       determined by BMW NA, but in no event
                                       will such price be less than Center's
                                       purchase price for such tools reduced by
                                       straight-line depreciation on the basis
                                       of a three-year useful life.

                                 ny and all items to be sold by Center to BMW NA
                                 pursuant to the provisions of Paragraph
                                 14(b)(2) and (3) shall be delivered by Center
                                 to BMW NA at Center's Facilities in suitable
                                 condition and boxed and/or packed for
                                 transportation, which transportation shall be
                                 at BMW NA's expense. In the event Center fails
                                 to so box and pack any Original BMW Parts or
                                 special BMW tools to be sold hereunder, BMW NA
                                 may do so and deduct the expenses of such
                                 boxing and packing from the applicable price
                                 thereof.

                                 s a condition precedent to the obligations of
                                 BMW NA under Paragraph 14(b) to repurchase any
                                 BMW Vehicles, Original BMW Parts, or special
                                 BMW tools, Center shall permit BMW NA and BMW
                                 NA's designee or designees, at such time and
                                 for such periods of time as BMW NA reasonably
                                 shall determine, to enter Center's Facility for
                                 the purpose of inspection and/or taking an
                                 inventory of all or any part of Center's stock
                                 of BMW Vehicles,

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<PAGE>

                                 Original BMW Parts, and special BMW tools. At
                                 the request of BMW NA, Center shall comply in
                                 all respects with the provisions of all
                                 applicable bulk sales acts or similar statutes
                                 protecting a transferee of personal property
                                 with respect to liabilities of the transferor.

                                 making payments in accordance with Paragraph
                                 14(b), BMW NA reserves the right to do the
                                 following:

                                       (i)     To pay any financial institution
                                               retaining a security interest in
                                               any of the items to be
                                               repurchased by BMW NA such sums
                                               as are necessary to obtain good,
                                               unencumbered, and marketable
                                               title to such items;

                                       (ii)    To pay any claimant, in
                                               accordance with any applicable
                                               statute, such sums as may be
                                               necessary to acquire good,
                                               unencumbered, and marketable
                                               title, free of any interest,
                                               right or claim of such claimant,
                                               to the items being repurchased by
                                               BMW NA; and

                                       (iii)   To set off the amount due Center
                                               including, without limitation,
                                               amounts due Center from BMW NA
                                               for the repurchase of BMW
                                               Products hereunder against any
                                               amount which may be due BMW NA
                                               from Center, including, without
                                               limitation, reimbursement of
                                               expenses incurred by BMW NA
                                               pursuant to (i) or (ii) above.

                                 Notwithstanding anything to the contrary
                                 contained in Paragraph 14, in no event will BMW
                                 NA be required to purchase any item from Center
                                 unless Center is able to convey title to such
                                 item free and clear of all liens, claims,
                                 encumbrances, and security interests.

                                       53

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                      PARAGRAPH 15 - OWNERSHIP CHANGES AND
                             TRANSFERS OF AGREEMENT

Transfer, Sale, or               (a) (1) In view of the nature, purposes, and
Assignment of                    objectives of BMW NA and this Agreement, and
Agreement by Center              the differences in operating requirements among
                                 dealerships of differing sizes and types of
                                 markets, BMW NA expressly reserves the right to
                                 select the centers with whom it will enter into
                                 such agreements so as to maintain a high
                                 quality network of centers. Furthermore, Center
                                 agrees that BMW NA has the right to approve or
                                 decline to approve any prospective purchaser
                                 based on his, her, or its character,
                                 reputation, automotive experience, performance
                                 (including, but not limited to, customer
                                 satisfaction, market penetration, and
                                 profitability), potential impact on the BMW
                                 brand, management, compliance with BMW NA's
                                 ownership policies, procedures, and
                                 limitations, compliance with the law and
                                 agreements, capital, financial qualifications,
                                 or other qualifications for appointment as an
                                 owner of a center.

                                 (2) Center shall not transfer, sell, or assign,
                                 or attempt to transfer, sell, or assign, the
                                 Center's assets, any ownership interest in the
                                 Center, or this Agreement, or sell or transfer
                                 any right or delegate any duty, obligation, or
                                 responsibility of Center under this Agreement,
                                 without the prior written consent and approval
                                 of BMW NA. If a transfer, sale, or assignment
                                 of a Center's stock or assets is approved by
                                 BMW NA, then BMW NA shall offer the transferee
                                 or assignee of Center the right to enter into a
                                 new Agreement in substantially the same form as
                                 the Agreement then currently offered by BMW NA
                                 to its Centers.

                                 (3) Center agrees that it shall not sell or
                                 transfer Center's assets or any ownership
                                 interest in its BMW SAV Operations hereunder
                                 separate and apart from the assets or ownership
                                 interests in its BMW Car Operations, which are
                                 operating under the Center's BMW Dealer
                                 Agreement for cars or a successor agreement for
                                 cars.

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<PAGE>

Ownership Policies and           (b) BMW NA fully incorporates by reference its
Procedures                       ownership policies and procedures into this
                                 Agreement.

Ownership Limitations            (c) (1) The combined SPG of all the BMW
                                 centers owned directly or indirectly by any
                                 individual, partnership, trust, corporation, or
                                 other entity cannot exceed 5% of the SPG of
                                 all BMW centers in the United States at any
                                 time. BMW NA can withhold its consent to any
                                 change of ownership that would take any
                                 individual's partnership's, trust's
                                 corporation's or other entity's direct or
                                 indirect ownership interest above 5%. Center
                                 acknowledges and agrees that BMW NA's 5%
                                 ownership limit is fair and reasonable.

                                 (2) In any metropolitan area defined by BMW NA
                                 as a multiple point market no individual,
                                 partnership, trust, corporation, or any other
                                 entity can directly or indirectly own an
                                 interest in more than 50% of the BMW centers in
                                 the market. BMW NA can withhold its consent to
                                 any change of ownership that would violate this
                                 Paragraph. Center acknowledges and agrees that
                                 the ownership limit described in this Paragraph
                                 is fair and reasonable.

                                       55

<PAGE>

                    PARAGRAPH 16 - FACILITIES AND SATELLITES

Facility and Satellite           (a) Center shall operate its BMW SAV Operations
Authorization                    only at the authorized locations listed in
                                 Article D of the Agreement. Any proposed change
                                 in the Center's authorized locations, including
                                 the establishment or relocation of satellite
                                 locations, requires BMW NA's prior written
                                 consent. To the extent that a proposed change
                                 is approved and involves the establishment or
                                 relocation of a satellite of the Center
                                 authorized to operate under this Agreement, the
                                 location of the satellite shall be listed in
                                 Article D of the Agreement and shall be
                                 identified as a satellite. Accordingly, such a
                                 listing and identification constitutes
                                 authorization to operate a satellite under this
                                 Agreement and a new Center Agreement shall not
                                 be issued. Center agrees that satellite
                                 locations are not necessarily permanent and
                                 that Center shall discontinue operations at a
                                 satellite upon receipt of sixty (60) days
                                 written notice from BMW NA. Center further
                                 agrees that the termination or withdrawal of
                                 approval of a satellite does not constitute the
                                 termination or failure to renew this Agreement.

Approved Locations for           (b) At all times hereunder, Center shall
Center Facilities                conduct its BMW Center Operations hereunder in
                                 conjunction with, and at the approved locations
                                 and center facilities for, its BMW Car
                                 Operations.

Facilities Compliance            (c) Recognizing that Center's Facilities affect
                                 Center's ability to discharge properly its
                                 responsibilities under this Agreement and the
                                 Center Operating Requirements Addendum, Center
                                 will ensure that Center's Facilities comply
                                 with the applicable provisions of this
                                 Agreement, including such reasonable
                                 requirements and standards as BMW NA may
                                 prescribe from time to time.

Consent                          (d) Center must obtain BMW NA's prior written
                                 approval for all locations and facilities from
                                 which pre-owned BMWs are sold, including
                                 certified pre-owned BMWs. BMW NA's approval of
                                 such locations will not be unreasonably
                                 withheld.

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<PAGE>

                         PARAGRAPH 17 - INDEMNIFICATION

Indemnification by               (a) Subject to the provisions of Paragraph 17,
BMW NA                           BMW NA shall indemnify and hold Center harmless
                                 against any judgment which may be rendered
                                 against Center, plus reasonable attorneys fees
                                 and court costs, resulting from lawsuits
                                 seeking monetary damages commenced against
                                 Center by third parties concerning:

                                 (1)   Bodily injury or property damage
                                       (including damage to BMW Products)
                                       claimed to have been caused by an alleged
                                       defect in the design, manufacture, or
                                       assembly of BMW Products; provided,
                                       however, that any claimed defect in
                                       manufacture or assembly was not such as
                                       should have been detected by Center in a
                                       reasonable inspection of the BMW
                                       Products, whether in the performance of
                                       the Center's pre-delivery inspection and
                                       conditioning, during the course of repair
                                       and/or maintenance, or otherwise;

                                 (2)   Failure of BMW Products to conform,
                                       because of changes in standard equipment
                                       or material component parts, to any
                                       description thereof set forth in
                                       advertisements or product brochures made
                                       available to Center by BMW NA and
                                       allegedly relied on by the first retail
                                       purchaser thereof, unless Center shall
                                       have received written notice of such
                                       changes from BMW NA prior to the date of
                                       delivery of the affected BMW Product to
                                       such purchaser; or

                                 (3)   Any damage to BMW Products repaired by
                                       BMW NA prior to the time any affected BMW
                                       Product is delivered to the Center,
                                       unless Center shall have received notice
                                       of such damage and repair from BMW NA
                                       prior to the date of delivery of the
                                       affected BMW Product to the first retail
                                       purchaser thereof.

                                 In the event that any lawsuit making
                                 allegations as set forth in (1) through (3)
                                 above is brought naming Center as a defendant,
                                 BMW NA will, following receipt of notice as
                                 provided in subparagraph (c) of

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<PAGE>

                                 this Paragraph, undertake at its sole expense
                                 and through counsel selected or approved by BMW
                                 NA, the defense of said action on behalf of
                                 Center.

                                 BMW NA is specifically authorized by Center to
                                 settle or to continue to defend any such
                                 lawsuit brought against Center, provided that
                                 BMW NA shall be solely liable for the payment
                                 of the amount of any settlement which it
                                 effects or judgment that is rendered.

                                 Should BMW NA for any reason refuse to
                                 undertake the defense of Center when it is
                                 otherwise obligated to do so under this
                                 subparagraph, Center may conduct its own
                                 defense and, in that event, BMW NA's liability
                                 shall be limited solely to the costs of such
                                 defense, including reasonable attorneys fees,
                                 court costs, and the amount of any judgment or
                                 final settlement paid by Center (provided,
                                 however, that Center shall notify BMW NA in
                                 writing within twenty (20) days of such
                                 judgment or settlement).

                                 BMW NA shall have the right to decline to
                                 accept Center's defense or, after accepting the
                                 defense but prior to trial, to tender the
                                 defense back to Center, and Center shall accept
                                 such tender if BMW NA reasonably concludes that
                                 the allegations or claims being pursued are no
                                 longer those set forth in (1) through (3)
                                 above.

Indemnification by               (b) Subject to the provisions of Paragraph 17,
Center                           Center shall indemnify and hold BMW NA harmless
                                 against any judgment which may be rendered
                                 against BMW NA, plus reasonable attorneys fees
                                 and court costs, resulting from lawsuits
                                 seeking monetary damages commenced against BMW
                                 NA by third parties concerning:

                                 (1) Center's alleged failure to perform or
                                     negligent or willfully malfeasant
                                     performance of: (i) the service
                                     obligations assumed by it pursuant to
                                     Paragraph 6 of this Agreement; or (ii) any
                                     maintenance or repair service on BMW
                                     Products or such other motor vehicles or
                                     products as may be sold or serviced by

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<PAGE>

                                       Center;

                                 (2)   Center's alleged breach of any contract
                                       between Center and Center's customer;
                                       provided, however, that the breach was
                                       not caused by any act or omission on the
                                       part of BMW NA which BMW NA unreasonably
                                       failed to notify Center of prior to the
                                       date of Center entering into the contract
                                       with its customer; or

                                 (3)   Center's alleged independent warranties,
                                       misleading statements,
                                       misrepresentations, or unfair or
                                       deceptive acts or practices, whether
                                       through advertisements or otherwise,
                                       affecting any individual or entity;
                                       provided, however, that the alleged
                                       warranties, statements, representations,
                                       deceptive acts or practices or
                                       advertisements are not based on
                                       information or material produced or
                                       supplied by BMW NA and are not
                                       subsequently superseded or withdrawn by
                                       BMW NA upon notification to Center.

                                 In the event that any lawsuit making
                                 allegations as set forth in (1) through (3)
                                 above is brought naming BMW NA as a defendant,
                                 Center will, following receipt of notice as
                                 provided in Paragraph 17(c), undertake at its
                                 sole expense and through counsel selected by
                                 Center and approved by BMW NA, the defense of
                                 said action on behalf of BMW NA. Center is
                                 specifically authorized by BMW NA to settle or
                                 to continue to defend any such lawsuit brought
                                 against BMW NA, provided that Center shall be
                                 solely liable for the payment of the amount of
                                 any settlement which it effects or judgment
                                 that is rendered.

                                 Should Center for any reason refuse to
                                 undertake the defense on behalf of BMW NA when
                                 it is otherwise obligated to do so under this
                                 subparagraph, BMW NA may conduct its own
                                 defense and, in that event, Center's liability
                                 shall be limited solely to the costs of such
                                 defense including reasonable attorneys fees,
                                 court costs, and the amount of any judgment or
                                 final settlement paid by BMW NA (provided,
                                 however, that BMW NA shall notify Center in
                                 writing within

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<PAGE>

                                 twenty (20) days of such judgment or
                                 settlement).

                                 Center shall have the right to decline to
                                 accept BMW NA'S defense or, after accepting the
                                 defense but prior to trial, to tender the
                                 defense back to BMW NA, and BMW NA shall accept
                                 such tender, if Center reasonably concludes
                                 that the allegations being pursued are no
                                 longer those set forth in (1) through (3)
                                 above.

Notification                     (c) Whenever a lawsuit is commenced against
                                 either BMW NA or Center or both of them, and
                                 either party seeks indemnification from the
                                 other, each shall, within fifteen (15) days
                                 after service of the complaint notify the other
                                 in writing of any request to assume its defense
                                 and to indemnify it, and shall provide at the
                                 time copies of any pleadings or other court
                                 papers which have been served upon the party
                                 giving notice, as well as all information then
                                 available regarding the first customer, the
                                 plaintiff, and the circumstances giving rise to
                                 the suit.

                                 IN THE EVENT THIS PROVISION IS FOR ANY REASON
                                 NOT COMPLIED WITH, SUBPARAGRAPHS (a) AND (b) OF
                                 PARAGRAPH 17 SHALL NOT APPLY FOR PURPOSES OF
                                 THAT LAWSUIT OR WITH RESPECT TO ANY CLAIM OR
                                 LAWSUIT ARISING OUT OF ALLEGATIONS OR
                                 TRANSACTIONS ANTEDATING THE FIRST CLAIM OR
                                 LAWSUIT INVOLVING THE AFFECTED BMW PRODUCT.

                                 The request to assume the defense and to
                                 indemnify shall be accepted or rejected, in
                                 writing, by the party to whom it is delivered
                                 within thirty (30) days following its receipt.
                                 Prior to receipt of a response to its request,
                                 each party agrees to take all reasonable steps
                                 to ensure that the defense to the action is in
                                 no way prejudiced, whether by action or
                                 inaction. If the request is accepted, the party
                                 making the request shall cooperate fully in the
                                 defense of the suit in such manner and to such
                                 extent as the party assuming the defense may
                                 reasonably require; provided, however, that
                                 subparagraphs (a) and (b) of Paragraph 17 shall
                                 be applicable commencing with the date on which
                                 the request is accepted and any expenses or
                                 other obligations incurred prior to such
                                 acceptance

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<PAGE>

                                 by the party making the request shall be borne
                                 solely by such party.

Allegations Involving            (d) If at any time in a lawsuit it is alleged
Both BMW NA and                  that there is liability on the part of both BMW
Center                           NA (on any or all of the bases set forth in
                                 Paragraph 17(a)) and Center (on any or all of
                                 the bases set forth in Paragraph 17(b)), each
                                 party shall be responsible for its own defense,
                                 including costs and attorneys fees, unless at
                                 any time after the commencement of such suit
                                 one party offers to undertake the total defense
                                 and the other party agrees thereto in writing,
                                 in which event the provisions of subparagraphs
                                 (a) and (b) hereof shall be controlling, as
                                 appropriate to the circumstances of such
                                 agreement.

                                 The responsibility of BMW NA or Center for its
                                 own defense pursuant to this subparagraph (d),
                                 or pursuant to any other circumstances not
                                 within the scope of Paragraph 17, shall in no
                                 way affect or alter the legal rights, if any,
                                 either may have to indemnification or
                                 contribution from the other.

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                    PARAGRAPH 18 - MISCELLANEOUS PROVISIONS

Approval or Consent by           (a) Any approval or consent given by BMW NA
BMW                              must be in writing and signed by duly
                                 authorized representatives of BMW NA.

Divisibility                     (b) If any provision of this Agreement
                                 contravenes or is prohibited by the laws of any
                                 state or other jurisdiction which are held to
                                 be applicable to this Agreement, such provision
                                 shall be limited to the extent necessary so
                                 that it will not render this Agreement invalid,
                                 unlawful or unenforceable, in whole or part,
                                 under such laws, but all other provisions of
                                 this Agreement shall remain in full force and
                                 effect.

Termination of Prior             (c) This Agreement terminates and supersedes
Agreements                       all prior written or oral agreements, if any,
                                 between BMW NA and Center relating to the
                                 subject matter hereof, except with respect to
                                 any trade indebtedness which may be owing by
                                 either BMW NA or Center to the other and except
                                 that this Agreement shall not operate to cancel
                                 any of Center's unfilled orders with BMW NA for
                                 any BMW Products placed with BMW NA pursuant to
                                 the provisions of any agreement terminated or
                                 superseded by this Agreement.

Notices                          (d) Any notices under or pursuant to the
                                 provisions of this Agreement shall be directed
                                 to the respective addresses of the parties as
                                 stated in the Center Agreement or, if either of
                                 the parties shall have specified another
                                 address by notice to the other party in
                                 writing, to the address last specified. The
                                 parties shall advise each other promptly, in
                                 writing, of any change of address.

No Implied Waivers               (a) Except as otherwise provided in this
                                 Agreement, the failure of either party at any
                                 time to require performance by the other party
                                 of any provision hereof shall in no way affect
                                 the full right to require such performance at
                                 any time thereafter, nor shall the waiver by
                                 either party of a breach of any provision
                                 hereof constitute a waiver of any succeeding
                                 breach of the same or any other provision or

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<PAGE>

                                 constitute a waiver of the provision itself.

Center Not an Agent              (f) Center is not an agent of BMW NA, and BMW
and Disclaimer of                NA owes no fiduciary duty to Center. Center
Further Liability by             will conduct its BMW SAV Operations on its own
BMW NA and BMW                   behalf and for its own account. Center has no
                                 power or authority to act for or to bind BMW NA
                                 and/or BMW and shall not represent directly,
                                 indirectly, or by implication that the Center
                                 has any such power or authority. Furthermore,
                                 except as expressly provided in this Agreement,
                                 BMW NA will not be liable for any expenditure
                                 made or incurred by Center in connection with
                                 Center's performance of its obligations
                                 pursuant to the Agreement.

                                 Center agrees that it has no rights, without
                                 limitation, arising from or in connection with
                                 any agreement between BMW NA and any other BMW
                                 center and that Center is not a third party
                                 beneficiary of any such agreement. In addition,
                                 nothing herein grants Center any rights to
                                 enforce any such agreement. Center also agrees
                                 that no third party shall have any enforceable
                                 rights under this Agreement.

Accounts Payable                 (g) All monies or accounts due Center shall be
                                 net of Center's indebtedness to BMW NA, its
                                 subsidiaries, and affiliates. BMW NA may: (1)
                                 deduct any amounts due or to become due from
                                 Center to BMW NA, its subsidiaries, and
                                 affiliates; and/or (2) set-off and/or recoup
                                 any amounts due from Center from any amounts in
                                 the possession of, or being held by, BMW NA,
                                 its subsidiaries, and affiliates, relating to
                                 this Agreement or any other agreement between
                                 Center and any of those parties.

BMW NA's Continuing              (h) Except as specifically provided by any
Security Interests               other provision of this Agreement, the security
                                 interests granted to BMW NA hereunder shall not
                                 be affected by any provision in any other
                                 instrument, including, but not limited to,
                                 invoices, purchase orders, purchase order
                                 acknowledgments, and other forms; and the terms
                                 of this Agreement relating to such security
                                 interests may only be modified, amended, or
                                 changed by a writing signed by both parties
                                 specifically referring to this Agreement.

                                       63

<PAGE>

Assignment of BMW                (i) BMW NA may assign the security interests
NA's Security Interests          granted to it under this Agreement or any part
                                 thereof, including its security interests in
                                 particular items of Collateral and, upon
                                 notifying the Center, the assignee shall be
                                 entitled to the full performance of the
                                 covenants, rights, and remedies contained in
                                 Paragraph 10 of the Agreement in so far as they
                                 apply to the Collateral assigned. Center will
                                 not assert any claims, defenses, offsets, or
                                 recoupments against the assignee that it may
                                 have against BMW NA.

Limitations Re Center            (j) Center agrees that it shall not pledge its
Stock and Assets                 stock as security for any obligations to
                                 individuals or entities, including, but not
                                 limited to, corporations, partnerships, trusts,
                                 and financial institutions. Center, however,
                                 may pledge its assets, subject to the security
                                 interests provided for in this Agreement, as
                                 security to individuals or entities, including,
                                 but not limited to, corporations, partnerships,
                                 trusts, and financial institutions (the term
                                 assets as used herein excludes stock). Center
                                 further agrees that this Agreement is not an
                                 asset of the Center and may not be pledged as
                                 security for any obligation.

BMW NA's Right to                (k) Since Center's performance of its
Specific Performance             obligations under this Agreement is of such a
                                 nature that it is impossible to measure, in
                                 money, the damages which will be suffered by
                                 BMW NA in the event Center should fail to
                                 perform any of its obligations, Center agrees
                                 that, in the event of any such failures or
                                 performance on its part, BMW NA shall be
                                 entitled to maintain an action or proceeding to
                                 compel the specific performance by Center of
                                 these obligations and Center agrees not to urge
                                 in any such action or proceedings the claim or
                                 defense that BMW NA has an adequate remedy at
                                 law.

Reservation of Rights            (l) BMW NA reserves any and all rights not
                                 expressly set forth in this Agreement.

Headings                         (m) The headings contained in this Agreement
                                 have been inserted for convenient reference
                                 only and shall not in any way affect the
                                 construction, interpretation, or meaning of the
                                 text.

                                       64

<PAGE>

Entire Agreement and             (n) This Agreement contains the entire
Representations                  agreement between BMW NA and Center. Center
                                 acknowledges that no representation or
                                 statement has been made to it on behalf of BMW,
                                 BMW NA and/or any agents, representatives, or
                                 employees of either BMW or BMW NA that in any
                                 way tend to change or modify any of the terms
                                 or provisions of the Agreement or that in any
                                 manner prevents this Agreement from becoming
                                 effective. Center further acknowledges that
                                 there is no other agreement or understanding,
                                 except those specifically provided for in this
                                 Agreement, either oral or written, between
                                 Center and BMW and/or BMW NA affecting this
                                 Agreement or relating to the subject matter
                                 hereof.

New Jersey Law                   (o) This Agreement shall be deemed to have been
                                 entered into in the State of New Jersey and
                                 shall be construed and interpreted in
                                 accordance with New Jersey law. Furthermore,
                                 any questions as to the validity of this
                                 Agreement, the performance of any of its terms
                                 and conditions, or of any contractual rights or
                                 obligations of the parties to this Agreement,
                                 shall be governed by and resolved in accordance
                                 with New Jersey law.

                                       65

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