Document:

Exhibit 10.5

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT").
      THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE
      ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
      UNDER SAID ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND
      SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS
      THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD
      PURSUANT TO RULE 144 OR REGULATIONS UNDER SAID ACT.

                        CALLABLE SECURED CONVERTIBLE NOTE

Clinton Township, Michigan
March 28, 2007                                                          $[---]

            FOR VALUE RECEIVED, MIDNIGHT HOLDINGS GROUP, INC., a Delaware
corporation (hereinafter called the "BORROWER"), hereby promises to pay to the
order of [-----] or registered assigns (the "HOLDER") the sum of $[---], on
March 28, 2010 (the "MATURITY DATE"), and to pay interest on the unpaid
principal balance hereof at the rate of ten percent (10%) per annum from March
28, 2007 (the "ISSUE DATE") until the same becomes due and payable, whether at
maturity or upon acceleration or by prepayment or otherwise. Any amount of
principal or interest on this Note which is not paid when due shall bear
interest at the rate of fifteen percent (15%) per annum from the due date
thereof until the same is paid ("DEFAULT INTEREST"). Interest shall commence
accruing on the issue date, shall be computed on the basis of a 365-day year and
the actual number of days elapsed and shall be payable, quarterly on March 31,
June 30, September 30 and December 31 of each year beginning on the last day of
the first full quarter after Issue Date. All payments due hereunder (to the
extent not converted into common stock, $.00005 par value per share, of the
Borrower (the "COMMON STOCK") in accordance with the terms hereof) shall be made
in lawful money of the United States of America. All payments shall be made at
such address as the Holder shall hereafter give to the Borrower by written
notice made in accordance with the provisions of this Note. Whenever any amount
expressed to be due by the terms of this Note is due on any day which is not a
business day, the same shall instead be due on the next succeeding day which is
a business day and, in the case of any interest payment date which is not the
date on which this Note is paid in full, the extension of the due date thereof
shall not be taken into account for purposes of determining the amount of
interest due on such date. As used in this Note, the term "business day" shall
mean any day other than a Saturday, Sunday or a day on which commercial banks in
the city of New York, New York are authorized or required by law or executive
order to remain closed. Each

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capitalized term used herein, and not otherwise defined, shall have the meaning
ascribed thereto in that certain Securities Purchase Agreement, dated March 28,
2007, pursuant to which this Note was originally issued (the "PURCHASE
AGREEMENT").

      This Note is free from all taxes, liens, claims and encumbrances with
respect to the issue thereof and shall not be subject to preemptive rights or
other similar rights of shareholders of the Borrower and will not impose
personal liability upon the holder thereof. The obligations of the Borrower
under this Note shall be secured by that certain Security Agreement by and
between the Borrower and the Holder of even date herewith.

      The following terms shall apply to this Note:

                          ARTICLE I. CONVERSION RIGHTS

            1.1 CONVERSION RIGHT. The Holder shall have the right from time to
time, and at any time on or prior to the earlier of (i) the Maturity Date and
(ii) the date of payment of the Default Amount (as defined in Article III)
pursuant to Section 1.6(a) or Article III, the Optional Prepayment Amount (as
defined in Section 5.1) or (iii) any payments pursuant to Section 1.7, each in
respect of the remaining outstanding principal amount of this Note to convert
all or any part of the outstanding and unpaid principal amount of this Note into
fully paid and non-assessable shares of Common Stock, as such Common Stock
exists on the Issue Date, or any shares of capital stock or other securities of
the Borrower into which such Common Stock shall hereafter be changed or
reclassified at the conversion price (the "CONVERSION PRICE") determined as
provided herein (a "CONVERSION"); PROVIDED, HOWEVER, that in no event shall the
Holder be entitled to convert any portion of this Note in excess of that portion
of this Note upon conversion of which the sum of (1) the number of shares of
Common Stock beneficially owned by the Holder and its affiliates (other than
shares of Common Stock which may be deemed beneficially owned through the
ownership of the unconverted portion of the Notes or the unexercised or
unconverted portion of any other security of the Borrower (including, without
limitation, the warrants issued by the Borrower pursuant to the Purchase
Agreement) subject to a limitation on conversion or exercise analogous to the
limitations contained herein) and (2) the number of shares of Common Stock
issuable upon the conversion of the portion of this Note with respect to which
the determination of this proviso is being made, would result in beneficial
ownership by the Holder and its affiliates of more than 4.9% of the outstanding
shares of Common Stock. For purposes of the proviso to the immediately preceding
sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G
thereunder, except as otherwise provided in clause (1) of such proviso. The
number of shares of Common Stock to be issued upon each conversion of this Note
shall be determined by dividing the Conversion Amount (as defined below) by the
applicable Conversion Price then in effect on the date specified in the notice
of conversion, in the form attached hereto as Exhibit A (the "NOTICE OF
CONVERSION"), delivered to the Borrower by the Holder in accordance with Section
1.4 below; provided that the Notice of Conversion is submitted by facsimile (or
by other means resulting in, or reasonably expected to result in, notice) to the
Borrower before 6:00 p.m., New York, New York time on such conversion date (the
"CONVERSION DATE"). The term "CONVERSION AMOUNT" means, with respect to any
conversion of this Note, the sum of (1) the principal amount of this Note to be
converted in such

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conversion PLUS (2) accrued and unpaid interest, if any, on such principal
amount at the interest rates provided in this Note to the Conversion Date PLUS
(3) Default Interest, if any, on the amounts referred to in the immediately
preceding clauses (1) and/or (2) PLUS (4) at the Holder's option, any amounts
owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof or pursuant to
Section 2(c) of that certain Registration Rights Agreement, dated as of March
28, 2007, executed in connection with the initial issuance of this Note and the
other Notes issued on the Issue Date (the "REGISTRATION RIGHTS AGREEMENT").

            1.2 CONVERSION PRICE.

                  (a) CALCULATION OF CONVERSION PRICE. The Conversion Price
shall be the lesser of (i) the Variable Conversion Price (as defined herein) and
(ii) the Fixed Conversion Price (as defined herein) (subject, in each case, to
equitable adjustments for stock splits, stock dividends or rights offerings by
the Borrower relating to the Borrower's securities or the securities of any
subsidiary of the Borrower, combinations, recapitalization, reclassifications,
extraordinary distributions and similar events). The "VARIABLE CONVERSION PRICE"
shall mean the Applicable Percentage (as defined herein) multiplied by the
Market Price (as defined herein). "MARKET PRICE" means the average of the lowest
three (3) Trading Prices (as defined below) for the Common Stock during the
twenty (20) Trading Day period ending one Trading Day prior to the date the
Conversion Notice is sent by the Holder to the Borrower via facsimile (the
"CONVERSION DATE"). "TRADING PRICE" means, for any security as of any date, the
intraday trading price on the Over-the-Counter Bulletin Board (the "OTCBB") as
reported by a reliable reporting service mutually acceptable to and hereafter
designated by Holders of a majority in interest of the Notes and the Borrower
or, if the OTCBB is not the principal trading market for such security, the
intraday trading price of such security on the principal securities exchange or
trading market where such security is listed or traded or, if no intraday
trading price of such security is available in any of the foregoing manners, the
average of the intraday trading prices of any market makers for such security
that are listed in the "pink sheets" by the National Quotation Bureau, Inc. If
the Trading Price cannot be calculated for such security on such date in the
manner provided above, the Trading Price shall be the fair market value as
mutually determined by the Borrower and the holders of a majority in interest of
the Notes being converted for which the calculation of the Trading Price is
required in order to determine the Conversion Price of such Notes. "TRADING DAY"
shall mean any day on which the Common Stock is traded for any period on the
OTCBB, or on the principal securities exchange or other securities market on
which the Common Stock is then being traded. "APPLICABLE PERCENTAGE" shall mean
25%; provided, however, that the Applicable Percentage shall be increased to (i)
30% in the event that the Registration Statement (as defined in the Registration
Rights Agreement) is filed on or before the Filing Date (as defined in the
Registration Rights Agreement) and (ii) 40% in the event that the Registration
Statement (as defined in the Registration Rights Agreement) becomes effective on
or before the Effectiveness Deadline) as defined in the Registration Rights
Agreement). The "FIXED CONVERSION PRICE" shall mean $.02.

                  (b) CONVERSION PRICE DURING MAJOR ANNOUNCEMENTS.
Notwithstanding anything contained in Section 1.2(a) to the contrary, in the
event the Borrower (i) makes a public announcement that it intends to
consolidate or merge with any other corporation (other than a merger in which
the Borrower is the surviving or continuing corporation and its capital stock is
unchanged) or sell or transfer all or substantially all of the

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assets of the Borrower or (ii) any person, group or entity (including the
Borrower) publicly announces a tender offer to purchase 50% or more of the
Borrower's Common Stock (or any other takeover scheme) (the date of the
announcement referred to in clause (i) or (ii) is hereinafter referred to as the
"ANNOUNCEMENT DATE"), then the Conversion Price shall, effective upon the
Announcement Date and continuing through the Adjusted Conversion Price
Termination Date (as defined below), be equal to the lower of (x) the Conversion
Price which would have been applicable for a Conversion occurring on the
Announcement Date and (y) the Conversion Price that would otherwise be in
effect. From and after the Adjusted Conversion Price Termination Date, the
Conversion Price shall be determined as set forth in this Section 1.2(a). For
purposes hereof, "ADJUSTED CONVERSION PRICE TERMINATION DATE" shall mean, with
respect to any proposed transaction or tender offer (or takeover scheme) for
which a public announcement as contemplated by this Section 1.2(b) has been
made, the date upon which the Borrower (in the case of clause (i) above) or the
person, group or entity (in the case of clause (ii) above) consummates or
publicly announces the termination or abandonment of the proposed transaction or
tender offer (or takeover scheme) which caused this Section 1.2(b) to become
operative.

            1.3 AUTHORIZED SHARES. Subject to the completion of the Charter
Amendment Actions (as defined in the Purchase Agreement), the Borrower covenants
that during the period the conversion right exists, the Borrower will reserve
from its authorized and unissued Common Stock a sufficient number of shares,
free from preemptive rights, to provide for the issuance of Common Stock upon
the full conversion of this Note and the other Notes issued pursuant to the
Purchase Agreement. The Borrower is required at all times to have authorized and
reserved two times the number of shares that is actually issuable upon full
conversion of the Notes (based on the Conversion Price of the Notes or the
Exercise Price of the Warrants in effect from time to time) (the "RESERVED
AMOUNT"). The Reserved Amount shall be increased from time to time in accordance
with the Borrower's obligations pursuant to Section 4(h) of the Purchase
Agreement. The Borrower represents that upon issuance, such shares will be duly
and validly issued, fully paid and non-assessable. In addition, if the Borrower
shall issue any securities or make any change to its capital structure which
would change the number of shares of Common Stock into which the Notes shall be
convertible at the then current Conversion Price, the Borrower shall at the same
time make proper provision so that thereafter there shall be a sufficient number
of shares of Common Stock authorized and reserved, free from preemptive rights,
for conversion of the outstanding Notes. The Borrower (i) acknowledges that it
has irrevocably instructed its transfer agent to issue certificates for the
Common Stock issuable upon conversion of this Note, and (ii) agrees that its
issuance of this Note shall constitute full authority to its officers and agents
who are charged with the duty of executing stock certificates to execute and
issue the necessary certificates for shares of Common Stock in accordance with
the terms and conditions of this Note.

            If, at any time a Holder of this Note submits a Notice of
Conversion, and the Borrower does not have sufficient authorized but unissued
shares of Common Stock available to effect such conversion in accordance with
the provisions of this Article I (a "CONVERSION DEFAULT"), subject to Section
4.8, the Borrower shall issue to the Holder all of the shares of Common Stock
which are then available to effect such conversion. The portion of this Note
which the Holder included in its Conversion Notice and which exceeds the amount
which is then convertible into available shares of Common Stock (the "EXCESS
AMOUNT") shall,

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notwithstanding anything to the contrary contained herein, not be convertible
into Common Stock in accordance with the terms hereof until (and at the Holder's
option at any time after) the date additional shares of Common Stock are
authorized by the Borrower to permit such conversion, at which time the
Conversion Price in respect thereof shall be the lesser of (i) the Conversion
Price on the Conversion Default Date (as defined below) and (ii) the Conversion
Price on the Conversion Date thereafter elected by the Holder in respect
thereof. In addition, the Borrower shall pay to the Holder payments ("CONVERSION
DEFAULT PAYMENTS") for a Conversion Default in the amount of (x) the SUM OF (1)
the then outstanding principal amount of this Note PLUS (2) accrued and unpaid
interest on the unpaid principal amount of this Note through the Authorization
Date (as defined below) PLUS (3) Default Interest, if any, on the amounts
referred to in clauses (1) and/or (2), MULTIPLIED BY (y) .24, MULTIPLIED BY (z)
(N/365), where N = the number of days from the day the holder submits a Notice
of Conversion giving rise to a Conversion Default (the "CONVERSION DEFAULT
DATE") to the date (the "AUTHORIZATION DATE") that the Borrower authorizes a
sufficient number of shares of Common Stock to effect conversion of the full
outstanding principal balance of this Note. The Borrower shall use its best
efforts to authorize a sufficient number of shares of Common Stock as soon as
practicable following the earlier of (i) such time that the Holder notifies the
Borrower or that the Borrower otherwise becomes aware that there are or likely
will be insufficient authorized and unissued shares to allow full conversion
thereof and (ii) a Conversion Default. The Borrower shall send notice to the
Holder of the authorization of additional shares of Common Stock, the
Authorization Date and the amount of Holder's accrued Conversion Default
Payments. The accrued Conversion Default Payments for each calendar month shall
be paid in cash or shall be convertible into Common Stock (at such time as there
are sufficient authorized shares of Common Stock) at the applicable Conversion
Price, at the Borrower's option, as follows:

                        (a) In the event the Borrower elects to make such
payment in cash, cash payment shall be made to Holder by the fifth (5th) day of
the month following the month in which it has accrued; and

                        (b) In the event the Borrower elects to make such
payment in Common Stock, the Holder may convert such payment amount into Common
Stock at the Conversion Price (as in effect at the time of conversion) at any
time after the fifth day of the month following the month in which it has
accrued in accordance with the terms of this Article I (so long as there is then
a sufficient number of authorized shares of Common Stock).

                  The Borrower's election shall be made in writing to the Holder
at any time prior to 6:00 p.m., New York, New York time, on the third day of the
month following the month in which Conversion Default payments have accrued. If
no election is made, the Borrower shall be deemed to have elected to remit
Common Stock. Nothing herein shall limit the Holder's right to pursue actual
damages (to the extent in excess of the Conversion Default Payments) for the
Borrower's failure to maintain a sufficient number of authorized shares of
Common Stock, and each holder shall have the right to pursue all remedies
available at law or in equity (including degree of specific performance and/or
injunctive relief).

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            1.4 METHOD OF CONVERSION.

                  (a) MECHANICS OF CONVERSION. Subject to Section 1.1, this Note
may be converted by the Holder in whole or in part at any time from time to time
after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion
(by facsimile or other reasonable means of communication dispatched on the
Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to
Section 1.4(b), surrendering this Note at the principal office of the Borrower.

                  (b) SURRENDER OF NOTE UPON CONVERSION. Notwithstanding
anything to the contrary set forth herein, upon conversion of this Note in
accordance with the terms hereof, the Holder shall not be required to physically
surrender this Note to the Borrower unless the entire unpaid principal amount of
this Note is so converted. The Holder and the Borrower shall maintain records
showing the principal amount so converted and the dates of such conversions or
shall use such other method, reasonably satisfactory to the Holder and the
Borrower, so as not to require physical surrender of this Note upon each such
conversion. In the event of any dispute or discrepancy, such records of the
Borrower shall be controlling and determinative in the absence of manifest
error. Notwithstanding the foregoing, if any portion of this Note is converted
as aforesaid, the Holder may not transfer this Note unless the Holder first
physically surrenders this Note to the Borrower, whereupon the Borrower will
forthwith issue and deliver upon the order of the Holder a new Note of like
tenor, registered as the Holder (upon payment by the Holder of any applicable
transfer taxes) may request, representing in the aggregate the remaining unpaid
principal amount of this Note. The Holder and any assignee, by acceptance of
this Note, acknowledge and agree that, by reason of the provisions of this
paragraph, following conversion of a portion of this Note, the unpaid and
unconverted principal amount of this Note represented by this Note may be less
than the amount stated on the face hereof.

                  (c) PAYMENT OF TAXES. The Borrower shall not be required to
pay any tax which may be payable in respect of any transfer involved in the
issue and delivery of shares of Common Stock or other securities or property on
conversion of this Note in a name other than that of the Holder (or in street
name), and the Borrower shall not be required to issue or deliver any such
shares or other securities or property unless and until the person or persons
(other than the Holder or the custodian in whose street name such shares are to
be held for the Holder's account) requesting the issuance thereof shall have
paid to the Borrower the amount of any such tax or shall have established to the
satisfaction of the Borrower that such tax has been paid.

                  (d) DELIVERY OF COMMON STOCK UPON CONVERSION. Upon receipt by
the Borrower from the Holder of a facsimile transmission (or other reasonable
means of communication) of a Notice of Conversion meeting the requirements for
conversion as provided in this Section 1.4, the Borrower shall issue and deliver
or cause to be issued and delivered to or upon the order of the Holder
certificates for the Common Stock issuable upon such conversion within five (5)
business days after such receipt (and, solely in the case of conversion of the
entire unpaid principal amount hereof, surrender of this Note) (such second
business day being hereinafter referred to as the "DEADLINE") in accordance with
the terms hereof and the Purchase Agreement (including, without limitation, in
accordance with the requirements of Section 2(g) of the Purchase Agreement that
certificates for shares of Common Stock issued on or after the effective date of
the Registration Statement upon conversion of this Note shall not bear any
restrictive legend).

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                  (e) OBLIGATION OF BORROWER TO DELIVER COMMON STOCK. Upon
receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to
be the holder of record of the Common Stock issuable upon such conversion, the
outstanding principal amount and the amount of accrued and unpaid interest on
this Note shall be reduced to reflect such conversion, and, unless the Borrower
defaults on its obligations under this Article I, all rights with respect to the
portion of this Note being so converted shall forthwith terminate except the
right to receive the Common Stock or other securities, cash or other assets, as
herein provided, on such conversion. If the Holder shall have given a Notice of
Conversion as provided herein, the Borrower's obligation to issue and deliver
the certificates for Common Stock shall be absolute and unconditional,
irrespective of the absence of any action by the Holder to enforce the same, any
waiver or consent with respect to any provision thereof, the recovery of any
judgment against any person or any action to enforce the same, any failure or
delay in the enforcement of any other obligation of the Borrower to the holder
of record, or any setoff, counterclaim, recoupment, limitation or termination,
or any breach or alleged breach by the Holder of any obligation to the Borrower,
and irrespective of any other circumstance which might otherwise limit such
obligation of the Borrower to the Holder in connection with such conversion. The
Conversion Date specified in the Notice of Conversion shall be the Conversion
Date so long as the Notice of Conversion is received by the Borrower before 6:00
p.m., New York, New York time, on such date.

                  (f) DELIVERY OF COMMON STOCK BY ELECTRONIC TRANSFER. In lieu
of delivering physical certificates representing the Common Stock issuable upon
conversion, provided the Borrower's transfer agent is participating in the
Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST")
program, upon request of the Holder and its compliance with the provisions
contained in Section 1.1 and in this Section 1.4, the Borrower shall use its
best efforts to cause its transfer agent to electronically transmit the Common
Stock issuable upon conversion to the Holder by crediting the account of
Holder's Prime Broker with DTC through its Deposit Withdrawal Agent Commission
("DWAC") system.

                  (g) FAILURE TO DELIVER COMMON STOCK PRIOR TO DEADLINE. Without
in any way limiting the Holder's right to pursue other remedies, including
actual damages and/or equitable relief, the parties agree that if delivery of
the Common Stock issuable upon conversion of this Note is more than two (2) days
after the Deadline (other than a failure due to the circumstances described in
Section 1.3 above, which failure shall be governed by such Section) the Borrower
shall pay to the Holder $2,000 per day in cash, for each day beyond the Deadline
that the Borrower fails to deliver such Common Stock. Such cash amount shall be
paid to Holder by the fifth day of the month following the month in which it has
accrued or, at the option of the Holder (by written notice to the Borrower by
the first day of the month following the month in which it has accrued), shall
be added to the principal amount of this Note, in which event interest shall
accrue thereon in accordance with the terms of this Note and such additional
principal amount shall be convertible into Common Stock in accordance with the
terms of this Note.

            1.5 CONCERNING THE SHARES. The shares of Common Stock issuable upon
conversion of this Note may not be sold or transferred unless (i) such shares
are sold pursuant to an effective registration statement under the Act or (ii)
the Borrower or its transfer agent shall have been furnished with an opinion of
counsel (which opinion shall be in form, substance and

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scope customary for opinions of counsel in comparable transactions) to the
effect that the shares to be sold or transferred may be sold or transferred
pursuant to an exemption from such registration or (iii) such shares are sold or
transferred pursuant to Rule 144 under the Act (or a successor rule) ("RULE
144") or (iv) such shares are transferred to an "affiliate" (as defined in Rule
144) of the Borrower who agrees to sell or otherwise transfer the shares only in
accordance with this Section 1.5 and who is an Accredited Investor (as defined
in the Purchase Agreement). Except as otherwise provided in the Purchase
Agreement (and subject to the removal provisions set forth below), until such
time as the shares of Common Stock issuable upon conversion of this Note have
been registered under the Act as contemplated by the Registration Rights
Agreement or otherwise may be sold pursuant to Rule 144 without any restriction
as to the number of securities as of a particular date that can then be
immediately sold, each certificate for shares of Common Stock issuable upon
conversion of this Note that has not been so included in an effective
registration statement or that has not been sold pursuant to an effective
registration statement or an exemption that permits removal of the legend, shall
bear a legend substantially in the following form, as appropriate:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE
      SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE
      OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID
      ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY
      FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT
      REGISTRATION IS NOT REQUIRED UNDER SAID ACT UNLESS SOLD PURSUANT TO
      RULE 144 OR REGULATIONS UNDER SAID ACT."

            The legend set forth above shall be removed and the Borrower shall
issue to the Holder a new certificate therefor free of any transfer legend if
(i) the Borrower or its transfer agent shall have received an opinion of
counsel, in form, substance and scope customary for opinions of counsel in
comparable transactions, to the effect that a public sale or transfer of such
Common Stock may be made without registration under the Act and the shares are
so sold or transferred, (ii) such Holder provides the Borrower or its transfer
agent with reasonable assurances that the Common Stock issuable upon conversion
of this Note (to the extent such securities are deemed to have been acquired on
the same date) can be sold pursuant to Rule 144 or (iii) in the case of the
Common Stock issuable upon conversion of this Note, such security is registered
for sale by the Holder under an effective registration statement filed under the
Act or otherwise may be sold pursuant to Rule 144 without any restriction as to
the number of securities as of a particular date that can then be immediately
sold. Nothing in this Note shall (i) limit the Borrower's obligation under the
Registration Rights Agreement or (ii) affect in any way the Holder's obligations
to comply with applicable prospectus delivery requirements upon the resale of
the securities referred to herein.

            1.6 EFFECT OF CERTAIN EVENTS.

                  (a) EFFECT OF MERGER, CONSOLIDATION, ETC. At the option of the
Holder, the sale, conveyance or disposition of all or substantially all of the
assets of the Borrower, the effectuation by the Borrower of a transaction or
series of related transactions in

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which more than 50% of the voting power of the Borrower is disposed of, or the
consolidation, merger or other business combination of the Borrower with or into
any other Person (as defined below) or Persons when the Borrower is not the
survivor shall either: (i) be deemed to be an Event of Default (as defined in
Article III) pursuant to which the Borrower shall be required to pay to the
Holder upon the consummation of and as a condition to such transaction an amount
equal to the Default Amount (as defined in Article III) or (ii) be treated
pursuant to Section 1.6(b) hereof. "PERSON" shall mean any individual,
corporation, limited liability company, partnership, association, trust or other
entity or organization.

                  (b) ADJUSTMENT DUE TO MERGER, CONSOLIDATION, ETC. If, at any
time when this Note is issued and outstanding and prior to conversion of all of
the Notes, there shall be any merger, consolidation, exchange of shares,
recapitalization, reorganization, or other similar event, as a result of which
shares of Common Stock of the Borrower shall be changed into the same or a
different number of shares of another class or classes of stock or securities of
the Borrower or another entity, or in case of any sale or conveyance of all or
substantially all of the assets of the Borrower other than in connection with a
plan of complete liquidation of the Borrower, then the Holder of this Note shall
thereafter have the right to receive upon conversion of this Note, upon the
basis and upon the terms and conditions specified herein and in lieu of the
shares of Common Stock immediately theretofore issuable upon conversion, such
stock, securities or assets which the Holder would have been entitled to receive
in such transaction had this Note been converted in full immediately prior to
such transaction (without regard to any limitations on conversion set forth
herein), and in any such case appropriate provisions shall be made with respect
to the rights and interests of the Holder of this Note to the end that the
provisions hereof (including, without limitation, provisions for adjustment of
the Conversion Price and of the number of shares issuable upon conversion of the
Note) shall thereafter be applicable, as nearly as may be practicable in
relation to any securities or assets thereafter deliverable upon the conversion
hereof. The Borrower shall not effect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days
prior written notice (but in any event at least fifteen (15) days prior written
notice) of the record date of the special meeting of shareholders to approve, or
if there is no such record date, the consummation of, such merger,
consolidation, exchange of shares, recapitalization, reorganization or other
similar event or sale of assets (during which time the Holder shall be entitled
to convert this Note) and (b) the resulting successor or acquiring entity (if
not the Borrower) assumes by written instrument the obligations of this Section
1.6(b). The above provisions shall similarly apply to successive consolidations,
mergers, sales, transfers or share exchanges.

                  (c) ADJUSTMENT DUE TO DISTRIBUTION. If the Borrower shall
declare or make any distribution of its assets (or rights to acquire its assets)
to holders of Common Stock as a dividend, stock repurchase, by way of return of
capital or otherwise (including any dividend or distribution to the Borrower's
shareholders in cash or shares (or rights to acquire shares) of capital stock of
a subsidiary (i.e., a spin-off)) (a "DISTRIBUTION"), then the Holder of this
Note shall be entitled, upon any conversion of this Note after the date of
record for determining shareholders entitled to such Distribution, to receive
the amount of such assets which would have been payable to the Holder with
respect to the shares of Common Stock issuable upon such conversion had such
Holder been the holder of such shares of Common Stock on the record date for the
determination of shareholders entitled to such Distribution.

                                        9

<PAGE>

                  (d) ADJUSTMENT DUE TO DILUTIVE ISSUANCE. If, at any time when
any Notes are issued and outstanding, the Borrower issues or sells, or in
accordance with this Section 1.6(d) hereof is deemed to have issued or sold, any
shares of Common Stock for no consideration or for a consideration per share
(before deduction of reasonable expenses or commissions or underwriting
discounts or allowances in connection therewith) less than the Fixed Conversion
Price in effect on the date of such issuance (or deemed issuance) of such shares
of Common Stock (a "DILUTIVE ISSUANCE"), then immediately upon the Dilutive
Issuance, the Fixed Conversion Price will be reduced to the amount of the
consideration per share received by the Borrower in such Dilutive Issuance;
PROVIDED that only one adjustment will be made for each Dilutive Issuance.

                  The Borrower shall be deemed to have issued or sold shares of
Common Stock if the Borrower in any manner issues or grants any warrants, rights
or options, whether or not immediately exercisable, to subscribe for or to
purchase Common Stock or other securities convertible into or exchangeable for
Common Stock ("CONVERTIBLE SECURITIES") (such warrants, rights and options to
purchase Common Stock or Convertible Securities are hereinafter referred to as
"OPTIONS") and the price per share for which Common Stock is issuable upon the
exercise of such Options is less than the Fixed Conversion Price then in effect,
then the Fixed Conversion Price shall be equal to such price per share. For
purposes of the preceding sentence, the "price per share for which Common Stock
is issuable upon the exercise of such Options" is determined by dividing (i) the
total amount, if any, received or receivable by the Borrower as consideration
for the issuance or granting of all such Options, plus the minimum aggregate
amount of additional consideration, if any, payable to the Borrower upon the
exercise of all such Options, plus, in the case of Convertible Securities
issuable upon the exercise of such Options, the minimum aggregate amount of
additional consideration payable upon the conversion or exchange thereof at the
time such Convertible Securities first become convertible or exchangeable, by
(ii) the maximum total number of shares of Common Stock issuable upon the
exercise of all such Options (assuming full conversion of Convertible
Securities, if applicable). No further adjustment to the Conversion Price will
be made upon the actual issuance of such Common Stock upon the exercise of such
Options or upon the conversion or exchange of Convertible Securities issuable
upon exercise of such Options.

                  Additionally, the Borrower shall be deemed to have issued or
sold shares of Common Stock if the Borrower in any manner issues or sells any
Convertible Securities, whether or not immediately convertible (other than where
the same are issuable upon the exercise of Options), and the price per share for
which Common Stock is issuable upon such conversion or exchange is less than the
Fixed Conversion Price then in effect, then the Fixed Conversion Price shall be
equal to such price per share. For the purposes of the preceding sentence, the
"price per share for which Common Stock is issuable upon such conversion or
exchange" is determined by dividing (i) the total amount, if any, received or
receivable by the Borrower as consideration for the issuance or sale of all such
Convertible Securities, plus the minimum aggregate amount of additional
consideration, if any, payable to the Borrower upon the conversion or exchange
thereof at the time such Convertible Securities first become convertible or
exchangeable, by (ii) the maximum total number of shares of Common Stock
issuable upon the conversion or exchange of all such Convertible Securities. No
further adjustment to the Fixed Conversion Price will be made upon the actual
issuance of such Common Stock upon conversion or exchange of such Convertible
Securities.

                                       10

<PAGE>

                  (e) PURCHASE RIGHTS. If, at any time when any Notes are issued
and outstanding, the Borrower issues any convertible securities or rights to
purchase stock, warrants, securities or other property (the "PURCHASE RIGHTS")
pro rata to the record holders of any class of Common Stock, then the Holder of
this Note will be entitled to acquire, upon the terms applicable to such
Purchase Rights, the aggregate Purchase Rights which such Holder could have
acquired if such Holder had held the number of shares of Common Stock acquirable
upon complete conversion of this Note (without regard to any limitations on
conversion contained herein) immediately before the date on which a record is
taken for the grant, issuance or sale of such Purchase Rights or, if no such
record is taken, the date as of which the record holders of Common Stock are to
be determined for the grant, issue or sale of such Purchase Rights.

                  (f) NOTICE OF ADJUSTMENTS. Upon the occurrence of each
adjustment or readjustment of the Conversion Price as a result of the events
described in this Section 1.6, the Borrower, at its expense, shall promptly
compute such adjustment or readjustment and prepare and furnish to the Holder of
a certificate setting forth such adjustment or readjustment and showing in
detail the facts upon which such adjustment or readjustment is based. The
Borrower shall, upon the written request at any time of the Holder, furnish to
such Holder a like certificate setting forth (i) such adjustment or
readjustment, (ii) the Conversion Price at the time in effect and (iii) the
number of shares of Common Stock and the amount, if any, of other securities or
property which at the time would be received upon conversion of the Note.

            1.7 TRADING MARKET LIMITATIONS. Unless permitted by the applicable
rules and regulations of the principal securities market on which the Common
Stock is then listed or traded, in no event shall the Borrower issue upon
conversion of or otherwise pursuant to this Note and the other Notes issued
pursuant to the Purchase Agreement more than the maximum number of shares of
Common Stock that the Borrower can issue pursuant to any rule of the principal
United States securities market on which the Common Stock is then traded (the
"MAXIMUM SHARE AMOUNT"), which shall be 19.99% of the total shares outstanding
on the Closing Date (as defined in the Purchase Agreement), subject to equitable
adjustment from time to time for stock splits, stock dividends, combinations,
capital reorganizations and similar events relating to the Common Stock
occurring after the date hereof. Once the Maximum Share Amount has been issued
(the date of which is hereinafter referred to as the "MAXIMUM CONVERSION DATE"),
if the Borrower fails to eliminate any prohibitions under applicable law or the
rules or regulations of any stock exchange, interdealer quotation system or
other self-regulatory organization with jurisdiction over the Borrower or any of
its securities on the Borrower's ability to issue shares of Common Stock in
excess of the Maximum Share Amount (a "TRADING MARKET PREPAYMENT EVENT"), in
lieu of any further right to convert this Note, and in full satisfaction of the
Borrower's obligations under this Note, the Borrower shall pay to the Holder,
within fifteen (15) business days of the Maximum Conversion Date (the "TRADING
MARKET PREPAYMENT DATE"), an amount equal to 130% TIMES the SUM of (a) the then
outstanding principal amount of this Note immediately following the Maximum
Conversion Date, PLUS (b) accrued and unpaid interest on the unpaid principal
amount of this Note to the Trading Market Prepayment Date, PLUS (c) Default
Interest, if any, on the amounts referred to in clause (a) and/or (b) above,
PLUS (d) any optional amounts that may be added thereto at the Maximum
Conversion Date by the Holder in accordance with the terms hereof (the then
outstanding principal amount of this Note immediately following the Maximum
Conversion Date, PLUS the amounts referred to in clauses (b), (c) and (d) above
shall collectively be referred

                                       11

<PAGE>

to as the "REMAINING CONVERTIBLE AMOUNT"). With respect to each Holder of Notes,
the Maximum Share Amount shall refer to such Holder's PRO RATA share thereof
determined in accordance with Section 4.8 below. In the event that the sum of
(x) the aggregate number of shares of Common Stock issued upon conversion of
this Note and the other Notes issued pursuant to the Purchase Agreement PLUS (y)
the aggregate number of shares of Common Stock that remain issuable upon
conversion of this Note and the other Notes issued pursuant to the Purchase
Agreement, represents at least one hundred percent (100%) of the Maximum Share
Amount (the "TRIGGERING EVENT"), the Borrower will use its best efforts to seek
and obtain Shareholder Approval (or obtain such other relief as will allow
conversions hereunder in excess of the Maximum Share Amount) as soon as
practicable following the Triggering Event and before the Maximum Conversion
Date. As used herein, "SHAREHOLDER APPROVAL" means approval by the shareholders
of the Borrower to authorize the issuance of the full number of shares of Common
Stock which would be issuable upon full conversion of the then outstanding Notes
but for the Maximum Share Amount.

            1.8 STATUS AS SHAREHOLDER. Upon submission of a Notice of Conversion
by a Holder, (i) the shares covered thereby (other than the shares, if any,
which cannot be issued because their issuance would exceed such Holder's
allocated portion of the Reserved Amount or Maximum Share Amount) shall be
deemed converted into shares of Common Stock and (ii) the Holder's rights as a
Holder of such converted portion of this Note shall cease and terminate,
excepting only the right to receive certificates for such shares of Common Stock
and to any remedies provided herein or otherwise available at law or in equity
to such Holder because of a failure by the Borrower to comply with the terms of
this Note. Notwithstanding the foregoing, if a Holder has not received
certificates for all shares of Common Stock prior to the tenth (10th) business
day after the expiration of the Deadline with respect to a conversion of any
portion of this Note for any reason, then (unless the Holder otherwise elects to
retain its status as a holder of Common Stock by so notifying the Borrower) the
Holder shall regain the rights of a Holder of this Note with respect to such
unconverted portions of this Note and the Borrower shall, as soon as
practicable, return such unconverted Note to the Holder or, if the Note has not
been surrendered, adjust its records to reflect that such portion of this Note
has not been converted. In all cases, the Holder shall retain all of its rights
and remedies (including, without limitation, (i) the right to receive Conversion
Default Payments pursuant to Section 1.3 to the extent required thereby for such
Conversion Default and any subsequent Conversion Default and (ii) the right to
have the Conversion Price with respect to subsequent conversions determined in
accordance with Section 1.3) for the Borrower's failure to convert this Note.

                          ARTICLE II. CERTAIN COVENANTS

            2.1 DISTRIBUTIONS ON CAPITAL STOCK. So long as the Borrower shall
have any obligation under this Note, the Borrower shall not without the Holder's
written consent (a) pay, declare or set apart for such payment, any dividend or
other distribution (whether in cash, property or other securities) on shares of
capital stock other than dividends on shares of Common Stock solely in the form
of additional shares of Common Stock or (b) directly or indirectly or through
any subsidiary make any other payment or distribution in respect of its capital
stock except for distributions pursuant to any shareholders' rights plan which
is approved by a majority of the Borrower's disinterested directors.

                                       12

<PAGE>

            2.2 RESTRICTION ON STOCK REPURCHASES. So long as the Borrower shall
have any obligation under this Note, the Borrower shall not without the Holder's
written consent redeem, repurchase or otherwise acquire (whether for cash or in
exchange for property or other securities or otherwise) in any one transaction
or series of related transactions any shares of capital stock of the Borrower or
any warrants, rights or options to purchase or acquire any such shares.

            2.3 BORROWINGS. So long as the Borrower shall have any obligation
under this Note, the Borrower shall not, without the Holder's written consent,
create, incur, assume or suffer to exist any liability for borrowed money in
excess of $50,000, except (a) borrowings in existence or committed on the date
hereof and of which the Borrower has informed Holder in writing prior to the
date hereof, (b) indebtedness to trade creditors or financial institutions
incurred in the ordinary course of business or (c) borrowings, the proceeds of
which shall be used to repay this Note.

            2.4 SALE OF ASSETS. So long as the Borrower shall have any
obligation under this Note, the Borrower shall not, without the Holder's written
consent, sell, lease or otherwise dispose of any significant portion of its
assets outside the ordinary course of business. Any consent to the disposition
of any assets may be conditioned on a specified use of the proceeds of
disposition.

            2.5 ADVANCES AND LOANS. So long as the Borrower shall have any
obligation under this Note, the Borrower shall not, without the Holder's written
consent, lend money, give credit or make advances to any person, firm, joint
venture or corporation, including, without limitation, officers, directors,
employees, subsidiaries and affiliates of the Borrower, except loans, credits or
advances (a) in existence or committed on the date hereof and which the Borrower
has informed Holder in writing prior to the date hereof, (b) made in the
ordinary course of business or (c) not in excess of $50,000.

            2.6 CONTINGENT LIABILITIES. So long as the Borrower shall have any
obligation under this Note, the Borrower shall not, without the Holder's written
consent, assume, guarantee, endorse, contingently agree to purchase or otherwise
become liable upon the obligation of any person, firm, partnership, joint
venture or corporation, except by the endorsement of negotiable instruments for
deposit or collection and except assumptions, guarantees, endorsements and
contingencies (a) in existence or committed on the date hereof and which the
Borrower has informed Holder in writing prior to the date hereof, and (b)
similar transactions in the ordinary course of business.

                         ARTICLE III. EVENTS OF DEFAULT

            If any of the following events of default (each, an "EVENT OF
DEFAULT") shall occur:

            3.1 FAILURE TO PAY PRINCIPAL OR INTEREST. The Borrower fails to pay
the principal hereof or interest thereon when due on this Note, whether at
maturity, upon a Trading Market Prepayment Event pursuant to Section 1.7, upon
acceleration or otherwise;

                                       13

<PAGE>

            3.2 CONVERSION AND THE SHARES. The Borrower fails to issue shares of
Common Stock to the Holder (or announces or threatens that it will not honor its
obligation to do so) upon exercise by the Holder of the conversion rights of the
Holder in accordance with the terms of this Note (for a period of at least sixty
(60) days, if such failure is solely as a result of the circumstances governed
by Section 1.3 and the Borrower is using its best efforts to authorize a
sufficient number of shares of Common Stock as soon as practicable), fails to
transfer or cause its transfer agent to transfer (electronically or in
certificated form) any certificate for shares of Common Stock issued to the
Holder upon conversion of or otherwise pursuant to this Note as and when
required by this Note or the Registration Rights Agreement, or fails to remove
any restrictive legend (or to withdraw any stop transfer instructions in respect
thereof) on any certificate for any shares of Common Stock issued to the Holder
upon conversion of or otherwise pursuant to this Note as and when required by
this Note or the Registration Rights Agreement (or makes any announcement,
statement or threat that it does not intend to honor the obligations described
in this paragraph) and any such failure shall continue uncured (or any
announcement, statement or threat not to honor its obligations shall not be
rescinded in writing) for ten (10) days after the Borrower shall have been
notified thereof in writing by the Holder;

            3.3 FAILURE TO TIMELY FILE REGISTRATION OR EFFECT REGISTRATION. The
Borrower fails to file the Registration Statement within sixty (60) days
following the Closing Date (as defined in the Purchase Agreement) or obtain
effectiveness with the Securities and Exchange Commission of the Registration
Statement within two hundred fifty (250) days following the Closing Date (as
defined in the Purchase Agreement) or such Registration Statement lapses in
effect (or sales cannot otherwise be made thereunder effective, whether by
reason of the Borrower's failure to amend or supplement the prospectus included
therein in accordance with the Registration Rights Agreement or otherwise) for
more than twenty (20) consecutive days or forty (40) days in any twelve month
period after the Registration Statement becomes effective;

            3.4 BREACH OF COVENANTS. The Borrower breaches any material covenant
or other material term or condition contained in Sections 1.3, 1.6 or 1.7 of
this Note, or Sections 4(c), 4(e), 4(h), 4(i), 4(j) or 5 of the Purchase
Agreement and such breach continues for a period of ten (10) days after written
notice thereof to the Borrower from the Holder;

            3.5 BREACH OF REPRESENTATIONS AND WARRANTIES. Any representation or
warranty of the Borrower made herein or in any agreement, statement or
certificate given in writing pursuant hereto or in connection herewith
(including, without limitation, the Purchase Agreement and the Registration
Rights Agreement), shall be false or misleading in any material respect when
made and the breach of which has (or with the passage of time will have) a
material adverse effect on the rights of the Holder with respect to this Note,
the Purchase Agreement or the Registration Rights Agreement;

            3.6 RECEIVER OR TRUSTEE. The Borrower or any subsidiary of the
Borrower shall make an assignment for the benefit of creditors, or apply for or
consent to the appointment of a receiver or trustee for it or for a substantial
part of its property or business, or such a receiver or trustee shall otherwise
be appointed;

                                       14

<PAGE>

            3.7 JUDGMENTS. Any money judgment, writ or similar process shall be
entered or filed against the Borrower or any subsidiary of the Borrower or any
of its property or other assets for more than $50,000, and shall remain
unvacated, unbonded or unstayed for a period of twenty (20) days unless
otherwise consented to by the Holder, which consent will not be unreasonably
withheld;

            3.8 BANKRUPTCY. Bankruptcy, insolvency, reorganization or
liquidation proceedings or other proceedings for relief under any bankruptcy law
or any law for the relief of debtors shall be instituted by or against the
Borrower or any subsidiary of the Borrower;

            3.9 DELISTING OF COMMON STOCK. The Borrower shall fail to maintain
the listing of the Common Stock on at least one of the OTCBB or an equivalent
replacement exchange, the Nasdaq National Market, the Nasdaq SmallCap Market,
the New York Stock Exchange, or the American Stock Exchange; or

            3.10 DEFAULT UNDER OTHER NOTES. An Event of Default has occurred and
is continuing under any of the other Notes issued pursuant to the Purchase
Agreement, then, upon the occurrence and during the continuation of any Event of
Default specified in Section 3.1, 3.2, 3.3, 3.4, 3.5, 3.7, 3.9, or 3.10, at the
option of the Holders of a majority of the aggregate principal amount of the
outstanding Notes issued pursuant to the Purchase Agreement exercisable through
the delivery of written notice to the Borrower by such Holders (the "DEFAULT
NOTICE"), and upon the occurrence of an Event of Default specified in Section
3.6 or 3.8, the Notes shall become immediately due and payable and the Borrower
shall pay to the Holder, in full satisfaction of its obligations hereunder, an
amount equal to the greater of (i) 130% TIMES the SUM of (w) the then
outstanding principal amount of this Note PLUS (x) accrued and unpaid interest
on the unpaid principal amount of this Note to the date of payment (the
"MANDATORY PREPAYMENT DATE") PLUS (y) Default Interest, if any, on the amounts
referred to in clauses (w) and/or (x) PLUS (z) any amounts owed to the Holder
pursuant to Sections 1.3 and 1.4(g) hereof or pursuant to Section 2(c) of the
Registration Rights Agreement (the then outstanding principal amount of this
Note to the date of payment PLUS the amounts referred to in clauses (x), (y) and
(z) shall collectively be known as the "DEFAULT SUM") or (ii) the "parity value"
of the Default Sum to be prepaid, where parity value means (a) the highest
number of shares of Common Stock issuable upon conversion of or otherwise
pursuant to such Default Sum in accordance with Article I, treating the Trading
Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date"
for purposes of determining the lowest applicable Conversion Price, unless the
Default Event arises as a result of a breach in respect of a specific Conversion
Date in which case such Conversion Date shall be the Conversion Date),
MULTIPLIED BY (b) the highest Closing Price for the Common Stock during the
period beginning on the date of first occurrence of the Event of Default and
ending one day prior to the Mandatory Prepayment Date (the "DEFAULT AMOUNT") and
all other amounts payable hereunder shall immediately become due and payable,
all without demand, presentment or notice, all of which hereby are expressly
waived, together with all costs, including, without limitation, legal fees and
expenses, of collection, and the Holder shall be entitled to exercise all other
rights and remedies available at law or in equity. If the Borrower fails to pay
the Default Amount within five (5) business days of written notice that such
amount is due and payable, then the Holder shall have the right at any time, so
long as the Borrower remains in default (and so long and to the extent that
there are sufficient authorized shares), to require the Borrower, upon written
notice, to immediately issue, in lieu of the Default Amount,

                                       15

<PAGE>

the number of shares of Common Stock of the Borrower equal to the Default Amount
divided by the Conversion Price then in effect.

                            ARTICLE IV. MISCELLANEOUS

            4.1 FAILURE OR INDULGENCE NOT WAIVER. No failure or delay on the
part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of
any such power, right or privilege preclude other or further exercise thereof or
of any other right, power or privileges. All rights and remedies existing
hereunder are cumulative to, and not exclusive of, any rights or remedies
otherwise available.

            4.2 NOTICES. Any notice herein required or permitted to be given
shall be in writing and may be personally served or delivered by courier or sent
by United States mail and shall be deemed to have been given upon receipt if
personally served (which shall include telephone line facsimile transmission) or
sent by courier or three (3) days after being deposited in the United States
mail, certified, with postage pre-paid and properly addressed, if sent by mail.
For the purposes hereof, the address of the Holder shall be as shown on the
records of the Borrower; and the address of the Borrower shall be 22600 Hall
Road, Suite 205 Clinton Township, MI 48036, facsimile number: 586-468-8768. Both
the Holder and the Borrower may change the address for service by service of
written notice to the other as herein provided.

            4.3 AMENDMENTS. This Note and any provision hereof may only be
amended by an instrument in writing signed by the Borrower and the Holder. The
term "Note" and all reference thereto, as used throughout this instrument, shall
mean this instrument (and the other Notes issued pursuant to the Purchase
Agreement) as originally executed, or if later amended or supplemented, then as
so amended or supplemented.

            4.4 ASSIGNABILITY. This Note shall be binding upon the Borrower and
its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an "accredited
investor" (as defined in Rule 501(a) of the 1933 Act). Notwithstanding anything
in this Note to the contrary, this Note may be pledged as collateral in
connection with a BONA FIDE margin account or other lending arrangement.

            4.5 COST OF COLLECTION. If default is made in the payment of this
Note, the Borrower shall pay the Holder hereof costs of collection, including
reasonable attorneys' fees.

            4.6 GOVERNING LAW. THIS NOTE SHALL BE ENFORCED, GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICT OF LAWS. THE BORROWER HEREBY SUBMITS TO THE
EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK,
NEW YORK WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS NOTE, THE AGREEMENTS
ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. BOTH PARTIES IRREVOCABLY WAIVE

                                       16

<PAGE>

THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR
PROCEEDING. BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY
MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF
PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL
AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT
PREVAIL IN ANY DISPUTE ARISING UNDER THIS NOTE SHALL BE RESPONSIBLE FOR ALL FEES
AND EXPENSES, INCLUDING ATTORNEYS' FEES, INCURRED BY THE PREVAILING PARTY IN
CONNECTION WITH SUCH DISPUTE.

            4.7 CERTAIN AMOUNTS. Whenever pursuant to this Note the Borrower is
required to pay an amount in excess of the outstanding principal amount (or the
portion thereof required to be paid at that time) plus accrued and unpaid
interest plus Default Interest on such interest, the Borrower and the Holder
agree that the actual damages to the Holder from the receipt of cash payment on
this Note may be difficult to determine and the amount to be so paid by the
Borrower represents stipulated damages and not a penalty and is intended to
compensate the Holder in part for loss of the opportunity to convert this Note
and to earn a return from the sale of shares of Common Stock acquired upon
conversion of this Note at a price in excess of the price paid for such shares
pursuant to this Note. The Borrower and the Holder hereby agree that such amount
of stipulated damages is not plainly disproportionate to the possible loss to
the Holder from the receipt of a cash payment without the opportunity to convert
this Note into shares of Common Stock.

            4.8 ALLOCATIONS OF MAXIMUM SHARE AMOUNT AND RESERVED AMOUNT. The
Maximum Share Amount and Reserved Amount shall be allocated pro rata among the
Holders of Notes based on the principal amount of such Notes issued to each
Holder. Each increase to the Maximum Share Amount and Reserved Amount shall be
allocated pro rata among the Holders of Notes based on the principal amount of
such Notes held by each Holder at the time of the increase in the Maximum Share
Amount or Reserved Amount. In the event a Holder shall sell or otherwise
transfer any of such Holder's Notes, each transferee shall be allocated a pro
rata portion of such transferor's Maximum Share Amount and Reserved Amount. Any
portion of the Maximum Share Amount or Reserved Amount which remains allocated
to any person or entity which does not hold any Notes shall be allocated to the
remaining Holders of Notes, pro rata based on the principal amount of such Notes
then held by such Holders.

            4.9 DAMAGES SHARES. The shares of Common Stock that may be issuable
to the Holder pursuant to Sections 1.3 and 1.4(g) hereof and pursuant to Section
2(c) of the Registration Rights Agreement ("DAMAGES SHARES") shall be treated as
Common Stock issuable upon conversion of this Note for all purposes hereof and
shall be subject to all of the limitations and afforded all of the rights of the
other shares of Common Stock issuable hereunder, including without limitation,
the right to be included in the Registration Statement filed pursuant to the
Registration Rights Agreement. For purposes of calculating interest payable on
the outstanding principal amount hereof, except as otherwise provided herein,
amounts convertible into Damages

                                       17

<PAGE>

Shares ("DAMAGES AMOUNTS") shall not bear interest but must be converted prior
to the conversion of any outstanding principal amount hereof, until the
outstanding Damages Amounts is zero.

            4.10 DENOMINATIONS. At the request of the Holder, upon surrender of
this Note, the Borrower shall promptly issue new Notes in the aggregate
outstanding principal amount hereof, in the form hereof, in such denominations
of at least $50,000 as the Holder shall request.

            4.11 PURCHASE AGREEMENT. By its acceptance of this Note, each Holder
agrees to be bound by the applicable terms of the Purchase Agreement.

            4.12 NOTICE OF CORPORATE EVENTS. Except as otherwise provided below,
the Holder of this Note shall have no rights as a Holder of Common Stock unless
and only to the extent that it converts this Note into Common Stock. The
Borrower shall provide the Holder with prior notification of any meeting of the
Borrower's shareholders (and copies of proxy materials and other information
sent to shareholders). In the event of any taking by the Borrower of a record of
its shareholders for the purpose of determining shareholders who are entitled to
receive payment of any dividend or other distribution, any right to subscribe
for, purchase or otherwise acquire (including by way of merger, consolidation,
reclassification or recapitalization) any share of any class or any other
securities or property, or to receive any other right, or for the purpose of
determining shareholders who are entitled to vote in connection with any
proposed sale, lease or conveyance of all or substantially all of the assets of
the Borrower or any proposed liquidation, dissolution or winding up of the
Borrower, the Borrower shall mail a notice to the Holder, at least twenty (20)
days prior to the record date specified therein (or thirty (30) days prior to
the consummation of the transaction or event, whichever is earlier), of the date
on which any such record is to be taken for the purpose of such dividend,
distribution, right or other event, and a brief statement regarding the amount
and character of such dividend, distribution, right or other event to the extent
known at such time. The Borrower shall make a public announcement of any event
requiring notification to the Holder hereunder substantially simultaneously with
the notification to the Holder in accordance with the terms of this Section
4.12.

            4.13 REMEDIES. The Borrower acknowledges that a breach by it of its
obligations hereunder will cause irreparable harm to the Holder, by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the
Borrower acknowledges that the remedy at law for a breach of its obligations
under this Note will be inadequate and agrees, in the event of a breach or
threatened breach by the Borrower of the provisions of this Note, that the
Holder shall be entitled, in addition to all other available remedies at law or
in equity, and in addition to the penalties assessable herein, to an injunction
or injunctions restraining, preventing or curing any breach of this Note and to
enforce specifically the terms and provisions thereof, without the necessity of
showing economic loss and without any bond or other security being required.

                                       18

<PAGE>

                             ARTICLE V. CALL OPTION

            5.1 CALL OPTION. Notwithstanding anything to the contrary contained
in this Article V, so long as (i) no Event of Default or Trading Market
Prepayment Event shall have occurred and be continuing, (ii) the Borrower has a
sufficient number of authorized shares of Common Stock reserved for issuance
upon full conversion of the Notes, then at any time after the Issue Date, and
(iii) the Common Stock is trading at or below $.04 per share, the Borrower shall
have the right, exercisable on not less than ten (10) Trading Days prior written
notice to the Holders of the Notes (which notice may not be sent to the Holders
of the Notes until the Borrower is permitted to prepay the Notes pursuant to
this Section 5.1), to prepay all of the outstanding Notes in accordance with
this Section 5.1. Any notice of prepayment hereunder (an "OPTIONAL PREPAYMENT")
shall be delivered to the Holders of the Notes at their registered addresses
appearing on the books and records of the Borrower and shall state (1) that the
Borrower is exercising its right to prepay all of the Notes issued on the Issue
Date and (2) the date of prepayment (the "OPTIONAL PREPAYMENT NOTICE"). On the
date fixed for prepayment (the "OPTIONAL PREPAYMENT DATE"), the Borrower shall
make payment of the Optional Prepayment Amount (as defined below) to or upon the
order of the Holders as specified by the Holders in writing to the Borrower at
least one (1) business day prior to the Optional Prepayment Date. If the
Borrower exercises its right to prepay the Notes, the Borrower shall make
payment to the holders of an amount in cash (the "OPTIONAL PREPAYMENT AMOUNT")
equal to either (i) 135% (for prepayments occurring within thirty (30) days of
the Issue Date), (ii) 145% for prepayments occurring between thirty-one (31) and
ninety (90) days of the Issue Date, or (iii) 150% (for prepayments occurring
after the ninetieth (90th) day following the Issue Date), multiplied by the sum
of (w) the then outstanding principal amount of this Note PLUS (x) accrued and
unpaid interest on the unpaid principal amount of this Note to the Optional
Prepayment Date PLUS (y) Default Interest, if any, on the amounts referred to in
clauses (w) and (x) PLUS (z) any amounts owed to the Holder pursuant to Sections
1.3 and 1.4(g) hereof or pursuant to Section 2(c) of the Registration Rights
Agreement (the then outstanding principal amount of this Note to the date of
payment PLUS the amounts referred to in clauses (x), (y) and (z) shall
collectively be known as the "OPTIONAL PREPAYMENT SUM"). Notwithstanding notice
of an Optional Prepayment, the Holders shall at all times prior to the Optional
Prepayment Date maintain the right to convert all or any portion of the Notes in
accordance with Article I and any portion of Notes so converted after receipt of
an Optional Prepayment Notice and prior to the Optional Prepayment Date set
forth in such notice and payment of the aggregate Optional Prepayment Amount
shall be deducted from the principal amount of Notes which are otherwise subject
to prepayment pursuant to such notice. If the Borrower delivers an Optional
Prepayment Notice and fails to pay the Optional Prepayment Amount due to the
Holders of the Notes within two (2) business days following the Optional
Prepayment Date, the Borrower shall forever forfeit its right to redeem the
Notes pursuant to this Section 5.1.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       19

<PAGE>

            IN WITNESS WHEREOF, Borrower has caused this Note to be signed in
its name by its duly authorized officer this 28th day of March, 2007.

                                             MIDNIGHT HOLDINGS GROUP, INC.

                                             By: _______________________________
                                                  Nicholas Cocco
                                                  Chief Executive Officer

                                       20

<PAGE>

                                    EXHIBIT A

                              NOTICE OF CONVERSION
                    (To be Executed by the Registered Holder
                         in order to Convert the Notes)

            The undersigned hereby irrevocably elects to convert $__________
principal amount of the Note (defined below) into shares of common stock, par
value $.00005 per share ("COMMON STOCK"), of Midnight Holdings Group, Inc., a
Delaware corporation (the "BORROWER") according to the conditions of the
convertible Notes of the Borrower dated as of March 28, 2007 (the "Notes"), as
of the date written below. If securities are to be issued in the name of a
person other than the undersigned, the undersigned will pay all transfer taxes
payable with respect thereto and is delivering herewith such certificates. No
fee will be charged to the Holder for any conversion, except for transfer taxes,
if any. A copy of each Note is attached hereto (or evidence of loss, theft or
destruction thereof).

            The Borrower shall electronically transmit the Common Stock issuable
pursuant to this Notice of Conversion to the account of the undersigned or its
nominee with DTC through its Deposit Withdrawal Agent Commission system ("DWAC
TRANSFER").

      Name of DTC Prime Broker: _____________________________________________
      Account Number: _______________________________________________________

            In lieu of receiving shares of Common Stock issuable pursuant to
this Notice of Conversion by way of a DWAC Transfer, the undersigned hereby
requests that the Borrower issue a certificate or certificates for the number of
shares of Common Stock set forth below (which numbers are based on the Holder's
calculation attached hereto) in the name(s) specified immediately below or, if
additional space is necessary, on an attachment hereto:

      Name: _________________________________________________________________
      Address: ______________________________________________________________

            The undersigned represents and warrants that all offers and sales by
the undersigned of the securities issuable to the undersigned upon conversion of
the Notes shall be made pursuant to registration of the securities under the
Securities Act of 1933, as amended (the "ACT"), or pursuant to an exemption from
registration under the Act.

            Date of Conversion: _____________________________
            Applicable Conversion Price: ____________________
            Number of Shares of Common Stock to be Issued Pursuant to
            Conversion of the Notes: ______________
            Signature: ______________________________________
            Name: ___________________________________________
            Address: ________________________________________

                                       21

<PAGE>

The Borrower shall issue and deliver shares of Common Stock to an overnight
courier not later than three business days following receipt of the original
Note(s) to be converted, and shall make payments pursuant to the Notes for the
number of business days such issuance and delivery is late.

                                       22Exhibit 10.6

                           ASSET PURCHASE AGREEMENT

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       ELITE AUTOMOTIVE GROUP, LLC, AN OKLAHOMA LIMITED LIABILITY COMPANY

                                   AS SELLER

                                      AND

            ALL NIGHT AUTO OF OKLAHOMA, INC. A MICHIGAN CORPORATION,

                                    AS BUYER

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                                 MARCH 30, 2007

<PAGE>

                                TABLE OF CONTENTS

1. PURCHASE AND SALE OF ASSETS ............................................    7
   1.1    Purchased Assets ................................................    7
   1.2    Excluded Assets .................................................    8
2. LIABILITIES ............................................................    9
   2.1    Assumed Liabilities .............................................    9
   2.2    Excluded Liabilities ............................................    9
   2.3    Future Liabilities ..............................................    9
3. PURCHASE PRICE .........................................................    9
   3.1    Consideration ...................................................    9
   3.2    Closing Payment .................................................    9
   3.3    Allocation of Purchase Price ....................................   10
4. REPRESENTATIONS AND WARRANTIES OF SELLER AND MEMBERS ...................   10
   4.1    Organization and Good Standing ..................................   10
   4.2    Authority and Enforceability; No Conflict .......................   10
   4.3    Financial Statements ............................................   11
   4.4    Undisclosed Liabilities .........................................   11
   4.5    Absence of Changes ..............................................   11
   4.6    Tax Matters .....................................................   12
   4.7    Books and Records ...............................................   13
   4.8    Sufficiency of Assets ...........................................   13
   4.9    Title; Liens ....................................................   13
   4.10   Contracts. ......................................................   13
   4.11   Condition of Assets .............................................   14
   4.12   Intellectual Property ...........................................   15
   4.13   Licenses ........................................................   15
   4.14   Consents ........................................................   15
   4.15   Employees .......................................................   16
   4.16   Employee Benefits ...............................................   17
   4.17   Insurance .......................................................   18
   4.18   Fleet and Commercial Customers ..................................   18
   4.19   Suppliers .......................................................   18
   4.20   Relationships With Related Persons ..............................   18
   4.21   Environmental, Health and Safety Matters ........................   19
   4.22   Proceedings; Orders .............................................   20
   4.23   Compliance With Laws ............................................   20
   4.24   Claims for Faulty Services ......................................   22
   4.25   Brokers' or Finders' Fees .......................................   22
   4.26   Solvency ........................................................   22
   4.27   Disclosure. .....................................................   22
   4.28   Management Agreements ...........................................   23
   4.29   Patriot Act .....................................................   23
   4.30   Restriction of Access ...........................................   23
5. REPRESENTATIONS AND WARRANTIES OF BUYER AND GUARANTORS .................   23
   5.1    Organization and Good Standing ..................................   23
   5.2    Authority and Enforceability; No Conflict .......................   23

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   5.3    Brokers' or Finders' Fees .......................................   24
   5.4    Financial Statements ............................................   24
   5.5    Absence of Changes ..............................................   24
   5.6    Consents ........................................................   24
   5.7    Proceedings .....................................................   24
   5.8    Compliance With Laws ............................................   25
   5.9    Solvency ........................................................   25
   5.10   Disclosure. .....................................................   25
6. COVENANTS ..............................................................   26
   6.1    Further Assurances ..............................................   26
   6.2    Non-Assignable Contracts ........................................   26
   6.3    Public Announcements ............................................   26
   6.4    Employee Matters ................................................   27
   6.5    Account Receivable Collections ..................................   27
   6.6    Members Services ................................................   27
   6.7    Non-Competition Agreement .......................................   27
   6.8    Leases ..........................................................   28
   6.9    Seller's Liability Insurance to remain in Force .................   28
   6.10   Title Policies ..................................................   28
   6.11   Environmental Surveys ...........................................   28
7. CONDITIONS TO BUYER'S OBLIGATION AT CLOSING ............................   28
   7.1    Accuracy of Representations and Warranties ......................   28
   7.2    Performance of Agreement ........................................   29
   7.3    Consents ........................................................   29
   7.4    Satisfactory Due Diligence Investigation ........................   29
   7.5    Documentation ...................................................   29
   7.6    Uniform Commercial Code Searches ................................   29
   7.7    Proceedings and Litigation Searches .............................   29
   7.8    Tax Lien Searches ...............................................   29
   7.9    Unemployment Liability or Similar Letters .......................   29
   7.10   Seller's Accounts Payable .......................................   30
   7.11   Leases ..........................................................   30
   7.12   Opinion of Counsel ..............................................   30
   7.13   Deliveries ......................................................   30
   7.14   Royalties .......................................................   30
8. CONDITIONS TO SELLER'S OBLIGATIONS AT CLOSING ..........................   30
   8.1    Accuracy of Representations and Warranties ......................   30
   8.2    Performance of Agreement ........................................   30
   8.3    Consents ........................................................   30
   8.4    Leases ..........................................................   31
   8.5    Deliveries ......................................................   31
   8.6    Satisfactory Due Diligence Investigation ........................   31
   8.7    Documentation ...................................................   31
   8.8    Opinion of Counsel ..............................................   31
   8.9    Manager's Approval ..............................................   31

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9. CLOSING; DELIVERIES ....................................................   31
   9.1     Seller's Deliveries ............................................   31
   9.2     Buyer's Deliveries .............................................   32
10. INDEMNIFICATION AND SURVIVAL ..........................................   33
   10.1    Indemnification of Buyer .......................................   33
   10.2    Indemnification of Seller ......................................   33
   10.3    Procedure for Indemnification and Assumption of Defense ........   34
   10.4    Right of Offset ................................................   36
   10.5    Survival .......................................................   36
   10.6    Remedies Not Exclusive .........................................   36
11. MISCELLANEOUS .........................................................   36
   11.1    Dispute Resolution .............................................   36
   11.2    Expenses .......................................................   37
   11.3    Notices ........................................................   37
   11.4    Headings .......................................................   37
   11.5    Governing Law; Forum Selection .................................   37
   11.6    No Assignment; Benefit .........................................   38
   11.7    Entire Agreement ...............................................   38
   11.8    Tax Matters ....................................................   38
   11.9    Counterparts ...................................................   38
   11.10     Waiver .......................................................   38
   11.11     Amendment ....................................................   38
   11.12     Number and Gender ............................................   38
   11.13     Ambiguity ....................................................   38
   11.14     WAIVER OF JURY TRIAL .........................................   38
   11.15     Mutual Release ...............................................   39

                              EXHIBIT AND SCHEDULES

EXHIBITS

A     Covenant Not to Compete
B     Promissory Note
C     Employment Agreement
D     Lease-Norman
E     Lease-Yukon
F     Lease-Warr Acres/Release of Elite and Stearman
G-1   Equipment Leases
G     Bill of Sale
H     Assignment of Insurance Policies
I     Closing Statement
J     Opinion of Counsel - Seller and Members
K     Opinion of Counsel - Buyer and Guarantors
L     Dispute Resolution Procedures
M     Mutual Release and Satisfaction

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<PAGE>

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<PAGE>

SCHEDULES

1.1(a)    Fixed Assets
1.1(c)    Intellectual Property
1.1(e)    Machinery and Equipment
1.1(f)    Assumed Contracts
1.1(g)    License
1.1(i)    Warranties
1.1(j)    Leasehold Improvements
1.1(k)    Litigation Rights
1.1(l)    Prepaid Expenses
1.2(g)    Other Excluded Assets
2.1       Assumed Liabilities
3.3(d)    Security Agreement
3.4       Allocation of Consideration
4.1       Jurisdictions in which Qualified
4.3       Financial Statements
4.4       Liabilities
4.6       Tax Matters
4.9       Liens
4.10(a)   Material Contracts
4.10(b)   Material Contracts Exceptions
4.11      Condition of Assets
4.12      Seller's Intellectual Property
4.13      Seller's Licenses
4.14      Seller's Consents
4.15      Employees
4.16      Employee Benefits
4.17      Insurance
4.18      Fleet and Commercial Customers
4.19      Suppliers
4.20      Relationships With Related Persons
4.21      Environmental, Health and Safety Matters
4.22      Proceedings; Orders
4.23      Compliance with Laws; Licenses
4.24      Warranty Claims
4.25      Accounts Receivable
5.0       Buyer's Form 10-K, for the period ending 12/31/06
5.6       Buyer and Guarantor Consents
5.7       Buyer and Guarantor Proceedings
5.8       Buyer and Guarantors Compliance with Law
6.4       Employee Matters

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<PAGE>

                            ASSET PURCHASE AGREEMENT

      This Asset Purchase Agreement is entered into on March 30, 2007, by ALL
NIGHT AUTO OF OKLAHOMA, INC., a Michigan corporation ("BUYER"), ELITE AUTOMOTIVE
GROUP LLC, an Oklahoma limited liability company ("SELLER"), and STEPHEN J.
STEARMAN ("STEVE"), PAULA L. STEARMAN ("PAULA") AND JAMES C. BRUNSON ("JAMES")
(Steve, Paula and James are sometimes referred to individually as a "MEMBER",
and sometimes collectively as the "MEMBERS"). MIDNIGHT HOLDINGS GROUP, INC.,
MIDNIGHT AUTO FRANCHISE CORPORATION, and ALL NIGHT AUTO STORES, INC. have joined
in this Agreement as joint and several Guarantors (collectively, the
"GUARANTORS").

                                    RECITALS:

      A.    Seller owns and operates three automotive service and retail sales
            centers as a franchisee of Midnight Auto Franchise Corporation (as a
            whole, the "Business," and individually, the "Businesses").

      B.    Seller operates the Business from three locations:

            7311 North MacArthur Blvd., Warr Acres, OK ("Warr Acres" or "Leased
            Premises);
            1121 Rambling Oaks Drive, Norman, OK ("Norman"); and
            539 South Mustang Road, Yukon, OK ("Yukon").

            Seller owns the real estate on which the Norman and Yukon Businesses
            are located, and leases the real estate on which the Warr Acres
            store is located from an unaffiliated third party.

      C.    Members own all of the issued and outstanding membership interests
            of Seller.

      D.    This Agreement describes the terms under which Buyer is buying the
            Business and substantially all of the non-equipment assets of Seller
            and Midnight Auto Franchise Corp. is leasing the equipment and the
            Warr Acres, Norman and Yukon locations.

      E.    Certain capitalized terms are defined in Appendix A.

      For good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree to the following:

1.    PURCHASE AND SALE OF ASSETS; LEASE OF EQUIPMENT.

      1.1   PURCHASED ASSETS. The Seller hereby sells and Buyer hereby purchases
            all of the Purchased Assets, free and clear of all Liens. Purchased
            Assets means all of the assets, other than Excluded Assets, owned by
            Seller or in which Seller has any interest and which are used in
            connection with the Business, including (but not limited to) the
            following:

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            (a)   [intentionally deleted];

            (b)   all Goodwill;

            (c)   all Intellectual Property, including that listed on
                  SCHEDULE 1.1(c);

            (d)   all Business Records;

            (e)   [intentionally deleted];

            (f)   those Contracts that will be assumed by Buyer as listed
                  on SCHEDULE 1.1(f) ("Assumed Contracts");

            (g)   all Licenses, including those listed on SCHEDULE 1.1(g),
                  to the extent they can be transferred;

            (h)   all Inventories;

            (i)   all Warranties, including those listed on SCHEDULE
                  1.1(i);

            (j)   all Leasehold Improvements, including those listed on
                  SCHEDULE 1.1(j);

            (k)   all Litigation Rights, including those listed on
                  SCHEDULE 1.1(k);

            (l)   all Prepaid Expenses, including those listed on SCHEDULE
                  1.1(l);

            (m)   cash, cash equivalents and securities; and

            (n)   all other assets, whether known or unknown, tangible or
                  intangible, or real or personal, and wherever located.

      1.2   Excluded Assets. Buyer is not buying any of the FOLLOWING ("Excluded
            Assets"):

            (a)   any Contracts other than the Assumed Contracts;

            (b)   any Limited Liability Company Records;

            (c)   any claims for Tax or other tax refunds from any governmental
                  authority;

            (d)   any rights in connection with and assets of any Employee
                  Benefit Plan;

            (e)   any rights in connection with the Accounts Receivable except
                  as otherwise set forth in this Agreement;

            (f)   any rights in connection with the Real Property except as
                  otherwise set forth in this Agreement;

            (g)   those assets listed on SCHEDULE 1.2(g); and,

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            (h)   the Leased Assets.

      1.3   Leased Assets. Seller will lease to Midnight Auto Franchise Corp.
            and Midnight Auto Franchise Corp. will lease from Seller the
            following assets ("Leased Assets") pursuant to the Equipment Leases
            attached as Exhibit G-1:

            (a)   all Fixed Assets, including those listed on SCHEDULE 1.1(a);

            (b)   all Machinery and Equipment, including that listed on SCHEDULE
                  1.1(e).

2.    LIABILITIES.

      2.1   ASSUMED LIABILITIES. Buyer hereby assumes and will be liable and
            responsible for the following liabilities of Seller (collectively,
            the "Assumed Liabilities"):

            (a)   Seller's obligations under the Assumed Contracts, other than
                  (i) those that should have been performed prior to the date
                  hereof, (ii) those arising from a breach prior to the date
                  hereof and (iii) those arising from a warranty claim with
                  respect to work done prior to the date hereof; and

            (b)   any other set liabilities set forth on Schedule 2.1.

      2.2   EXCLUDED LIABILITIES. Buyer will not assume any of the Excluded
            Liabilities.

      2.3   FUTURE LIABILITIES. Buyer will be liable and responsible for all
            debts and liabilities related to the operation of the Business
            arising on or after the date of this Agreement. Seller is and shall
            remain liable for all debts and liabilities, except Assumed
            Liabilities, that arise out of the operation of the Business before
            the date of this Agreement.

3.    PURCHASE PRICE.

      3.1   CONSIDERATION. As consideration ("Consideration") for the Purchased
            Assets and Members' covenant of Non-Competition set forth in Section
            6.7:

            (a)   Buyer will pay [*] Dollars ($[*]) ("Purchase Price"); and

            (b)   Buyer will assume the Assumed Liabilities.

      3.2   CLOSING PAYMENT. At Closing, Buyer will deliver the following:

            (a)   $[*] of the Purchase Price in immediately available funds; and

            (b)   $[*], the balance of the Purchase Price, shall be paid to
                  Seller in accordance with the terms of a promissory note to be
                  delivered by Buyer to Seller incurred herewith, in the form of
                  the attached EXHIBIT B (the "Promissory Note").

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            (c)   Guarantors hereby jointly and severally guarantee the Buyer's
                  prompt performance of its obligations under the Promissory
                  Note and the Contemplated Transactions.

      3.3   ALLOCATION OF PURCHASE PRICE. Buyer and Seller will allocate the
            Purchase Price in the manner set forth on SCHEDULE 3.3, and will
            file all Tax Returns in a manner consistent with such allocation.

4.    REPRESENTATIONS AND WARRANTIES OF SELLER AND MEMBERS. Seller and
      Members, jointly and severally, representand warrant the following
      to Buyer, as of the date hereof:

      4.1   ORGANIZATION AND GOOD STANDING. Seller is a limited liability
            company, duly organized, validly existing and in good standing under
            the laws of Oklahoma and has all the requisite authority to own the
            Purchased Assets and to conduct the Business as currently owned and
            conducted. Seller is qualified to do business as a foreign limited
            liability company and is in good standing under the laws of each
            state or other jurisdiction in which Seller is required to be
            qualified. SCHEDULE 4.1 lists all jurisdictions in which Seller is
            qualified to do business. Seller owns no equity interest in any
            other entity or joint venture.

      4.2   AUTHORITY AND ENFORCEABILITY; NO CONFLICT.

            (a)   Seller has the power and authority to enter into this
                  Agreement, to enter into any and all Additional Agreements to
                  which it is, or will be, a party, and to execute and deliver
                  all other documents to be executed and delivered by Seller
                  pursuant to this Agreement (subject to Seller's Required
                  Statutory Approvals) and to consummate the transactions
                  contemplated in this Agreement. The execution and delivery of
                  this Agreement and the Additional Agreements have been
                  authorized by all necessary action on Seller's part. This
                  Agreement and all of the Additional Agreements to which Seller
                  is a party, when fully executed and delivered, will constitute
                  legal, valid and binding obligations of Seller, enforceable
                  against it in accordance with their respective terms except
                  that such enforcement may be subject to (i) bankruptcy,
                  insolvency, reorganization, moratorium or other similar laws
                  affecting or relating to enforcement of creditors' rights
                  generally and (ii) general equitable principles.

            (b)   Seller's execution and delivery of this Agreement and all of
                  the Additional Agreements does not violate, conflict with or
                  result in a breach of or constitute a default under any
                  provision of (i) Seller's Governing Documents, (ii) any
                  statute, law, ordinance, rule, regulation, judgment, decree,
                  order, injunction, writ, permit or license of any court or
                  governmental authority applicable to Seller or any of its
                  properties or assets, or (iii) any note, bond, mortgage,
                  indenture, deed of trust, license, franchise, permit,
                  concession, contract, lease or other instrument, obligation or
                  agreement of any kind to which Seller is now a party or by
                  which it or

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                  any of its properties or assets may be bound or affected, or
                  result in the creation or imposition of any lien or
                  encumbrance on any of the Purchased Assets or the Business or
                  any portion thereof.

      4.3   FINANCIAL STATEMENTS.

            (a)   Set forth on SCHEDULE 4.3 are:

                  (i)   the reviewed balance sheet of Seller as of December 31,
                        2006 (including the notes to such balance sheet) (the
                        "Most Recent Balance Sheet") and the related reviewed
                        statements of income and expenses and cash flow, for the
                        fiscal year then ended (including the notes to such
                        additional statements); and

                  (ii)  the unaudited balance sheets of Seller as of the end of
                        January, 2007 and the related unaudited statements of
                        income and cash flow for the month then ended.

            (b)   All of the financial statements referenced in subparagraphs
                  (a) and (b) above (the "Financial Statements"), are true,
                  correct and complete in all material respects; have been
                  prepared in accordance with GAAP applied consistently with all
                  corresponding prior fiscal periods of Seller; and present
                  fairly the financial condition, results of operation, and cash
                  flows of Seller as of the dates and for the periods indicated.

      4.4   UNDISCLOSED LIABILITIES. Except as set forth on SCHEDULE 4.4, Seller
            has no liabilities or obligations of any nature other than those (a)
            reflected in the Financial Statements or the Schedules to this
            Agreement, (b) the current liabilities incurred by Seller in the
            ordinary course since the date of the Most Recent Balance Sheet, or
            (c) the Assumed Liabilities.

      4.5   ABSENCE OF CHANGES.

            (a)   Since the date of the Most Recent Balance Sheet, there has not
                  been any material adverse change in the business, operations,
                  prospects, assets, results of operations or condition
                  (financial or otherwise) of Seller, and no event has occurred
                  or circumstance exists that may result in a Material Adverse
                  Effect on the Business.

            (b)   Since the date of the Most Recent Balance Sheet, Seller has
                  conducted the Business only in the ordinary course consistent
                  with past practice.

            (c)   Since the date of the Most Recent Balance Sheet, Seller has
                  not, other than in the ordinary course and consistent with
                  past practice:

                  (i)     sold, transferred or leased to others any of its
                          assets;

                  (ii)    terminated or materially amended any Contract;

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                  (iii)   made any capital expenditures or capital additions or
                          improvements in excess of an aggregate of $10,000;

                  (iv)    incurred or guaranteed any loan or other obligation;

                  (v)     discharged or satisfied any Lien other than as
                          required pursuant to this Agreement;

                  (vi)    cancelled or compromised any debt or claim or waived
                          or released any right of substantial value;

                  (vii)   subjected any of the Purchased Assets or Leased Assets
                          to any Lien;

                  (viii)  other than as may be consistent with past practice and
                          in the ordinary course, made any change in the rate of
                          compensation, commission, bonus or other direct or
                          indirect remuneration payable or to be come payable to
                          any employee, agent, or Member of Seller, or agreed to
                          pay any bonus, extra compensation, pension, severance
                          or vacation pay to any employee, agent, or Member of
                          Seller;

                  (ix)    modified any Employee Benefit Plan;

                  (x)     entered into any agreement or commitment to do any of
                          the above.

            (d)   Seller has paid its accounts payable in the ordinary course
                  and in terms no slower than 30 days.

      4.6   TAX MATTERS. Except as set forth on SCHEDULE 4.6:

            (a)   Seller has maintained all records relating to Taxes
                  appropriate to be maintained by it, and have filed timely all
                  Tax Returns which it is required to file under applicable laws
                  and regulations, and all such Tax Returns are complete and
                  correct and have been prepared in compliance with all
                  applicable laws and regulations;

            (b)   Seller has paid timely all Taxes due and owing by it (whether
                  or not such Taxes are required to be shown on a Tax Return)
                  and have withheld timely and paid over to the appropriate
                  taxing authority all Taxes which it is required to withhold
                  from amounts paid or owing to any employee, member, manager,
                  investor, creditor, independent contractor or other third
                  party;

            (c)   There are no material unresolved questions or claims
                  concerning any Tax liability of Seller;

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            (d)   There are no liens for Taxes on any of Seller's assets, other
                  than liens for Taxes not yet due and payable;

            (e)   Neither the Seller nor the Members have received any written
                  notice regarding the audit, examination or delinquency of any
                  Tax or Tax Return with respect to the Business or any of the
                  Purchased Assets that have not been resolved or completed; and

            (f)   Neither the Seller nor the Members are currently contesting
                  any Taxes with respect to the Business or any of the Purchased
                  Assets or Leased Assets.

      4.7   BOOKS AND RECORDS. The Business Records of Seller, all of which have
            been made available to Buyer, represent actual, bona fide
            transactions and have been maintained in accordance with sound
            business practices.

      4.8   SUFFICIENCY OF ASSETS. Other than the Purchased Assets, the Leased
            Assets and the Excluded Assets, (i) Seller does not use any tangible
            or intangible assets in connection with its operation of the
            Business; and (ii) no tangible or intangible assets are necessary to
            operate the Business in the manner presently operated by Seller.

      4.9   TITLE; LIENS. Except as set forth on Schedule 4.9, Seller owns good
            and marketable title to all of the Purchased Assets and the Leased
            Assets, free and clear of all Liens other than Liens for Taxes for
            the current Tax year that are not yet due and payable.

            (a)   Schedule 1.1(a) contains a true, correct and complete list of
                  all material Fixed Assets that Seller used in connection with
                  the operation of, or that are related to, the Business.

            (b)   Schedule 1.1(e) contains a true, correct and complete list of
                  all material Machinery and Equipment that Seller used in
                  connection with the operation of, or that are related to, the
                  Business.

            (c)   Schedule 1.1(i) contains a true, correct and complete list of
                  all material Warranties relating to the Business or the
                  Purchased Assets or the Leased Asseets.

            (d)   Schedule 1.1(k) contains a true, correct and complete list of
                  all material Litigation Rights relating to the Business or the
                  Purchased Assets or the Leased Assets

            (e)   Schedule 1.1(l) contains a true, correct and complete list of
                  all material Prepaid Expenses relating to the Business or the
                  Purchased Assets or the Leased Assets.

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      4.10  CONTRACTS.

            (a)   Schedule 4.10(a) identifies each Material Contract to which
                  either Seller is a party, or by which either Seller or any of
                  the Purchased Assets is bound or subject. Seller has delivered
                  or otherwise made available to Buyer a true, correct and
                  complete copy of each Material Contract that is written.
                  Schedule 4.10(a) sets forth reasonably complete details
                  concerning each Material Contract that is oral, including the
                  parties to the Contract and the amount and nature of either
                  Seller's remaining commitment under the Contract.

            (b)   Except as set forth on SCHEDULE 4.10(b):

                  (i)     each Assumed Contract is in full force and effect and
                          is legal, valid, binding and enforceable in accordance
                          with its terms;

                  (ii)    each Assumed Contract is assignable without the
                          consent of any other Person;

                  (iii)   to Seller's Knowledge, following the Closing, each
                          Assumed Contract will continue to be legal, valid,
                          binding, enforceable and in full force and effect on
                          identical terms;

                  (iv)    to Seller's Knowledge, each Person that has or had any
                          obligation or liability under any Assumed Contract is,
                          and at all times has been, in full compliance with
                          such Assumed Contract;

                  (v)     to Seller's Knowledge, no Assumed Contract will or
                          could reasonably be expected to, on full completion or
                          performance, have a material adverse effect on the
                          Business or the Purchased Assets or the Leased Assets;

                  (vi)    there are no on-going renegotiations of, attempts to
                          renegotiate or outstanding rights to renegotiate any
                          Assumed Contract. No Person has asked to renegotiate
                          any Assumed Contract;

                  (vii)   there are no oral agreements or forbearance
                          arrangements in effect, or known disputes with respect
                          to any Assumed Contract; and

                  (viii)  Seller entered into each Assumed Contract in the
                          ordinary course of business and without the commission
                          of any act, whether alone or in concert with any other
                          Person, or any consideration having been paid or
                          promised, that is or would be in violation of any
                          Requirement of Law.

      4.11  CONDITION OF ASSETS. Except as set forth on SCHEDULE 4.11:

            (a)   all of the Fixed Assets, Machinery and Equipment
                  (collectively, the "Tangible Assets") are in generally good
                  repair and operating condition (ordinary wear and tear
                  excepted), are suitable for immediate use in the

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                  ordinary course of operating the Business, and, to Seller's
                  Knowledge, have been operated and maintained in accordance
                  with all Requirements of Law and any applicable warranties;
                  and

            (b)   Seller has maintained all of the Tangible Assets in the
                  ordinary course of business; there is no deferred maintenance
                  of any Tangible Asset; and, none of the Tangible Assets
                  requires repairs or replacement other than as part of routine
                  maintenance in the ordinary course of the Business.

      4.12  INTELLECTUAL PROPERTY. The attached SCHEDULE 4.12 contains a true
            and complete list of Intellectual Property and any and all corporate
            and assumed names under which Seller has conducted or is currently
            conducting business. Except as set forth on the attached SCHEDULE
            4.12, Seller has the complete and unrestricted right to use and own,
            has good and marketable title to and has the exclusive right to
            assign its entire right, title and interest in and to all of the
            Intellectual Property, and each item of the Intellectual Property is
            in full force and effect. The items comprising the Intellectual
            Property are the only proprietary property used or necessary in
            connection with the Business as presently conducted. Except as set
            forth on the attached SCHEDULE 4.12, there has been no infringement,
            misappropriation or misuse of any of the Intellectual Property or
            any other proprietary information related to the Business. There is
            no claim against Seller that the Intellectual Property infringes any
            patent, trademark, trade name, copyright, domain name or other
            proprietary or intellectual property right of any third party or
            that Seller is illegally using the trade secrets or property rights
            of any third party.

      4.13  LICENSES. SCHEDULE 4.13 is a list of all Licenses used in connection
            with the Business or the Purchased Assets or the Leased Assets.
            Seller has provided Buyer with copies of all Licenses. Except as set
            forth on SCHEDULE 4.13, all of the Licenses are in full force and
            effect and are assignable or transferable to Buyer in connection
            with the consummation of the transactions contemplated in this
            Agreement. Except as set forth on SCHEDULE 4.13, Seller has obtained
            all Licenses necessary to, or desirable with respect to, and has
            complied with all laws applicable to, its operation of the Business,
            its ownership of the Purchased Assets or the Leased Assets. Seller
            has not engaged in any activity that would cause revocation or
            suspension of any of the Licenses. No action or proceeding looking
            to or contemplating the revocation or suspension of any of the
            Licenses is pending or, to Seller's Knowledge, threatened.

      4.14  CONSENTS. Except as set forth on SCHEDULE 4.14, Seller does not need
            any consent, approval, filing with, or notice to, any Governmental
            Authority or any lender, lessor, creditor, shareholder or other
            third-party, in connection with the execution and delivery of this
            Agreement and the Additional Agreements or the consummation of the
            transactions contemplated in this Agreement and the Additional
            Agreements. Prior to the Closing, Seller will properly obtain,
            perform or give all of the consents, approvals, filings and notices
            set forth on the attached

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            SCHEDULE 4.14, and as of the Closing, Seller shall give Buyer's
            counsel copies or adequate evidence of all such consents, approvals,
            filings and notices.

      4.15  EMPLOYEES.

            (a)   SCHEDULE 4.15 contains an accurate list of all of the agents
                  and employees of Seller, and the following information: (i)
                  each employee's and agent's salary or hourly rate and annual
                  bonus, if any, for the fiscal year ended December 31, 2006 and
                  the current fiscal year, (ii) the total value and an
                  itemization of all fringe benefits or incentive pay received
                  or to be received by each such individual within such periods,
                  (iii) each employee's and agent's title and position, and (iv)
                  whether any such employee or agent is absent from active
                  employment and, if so, the date such absence commenced, the
                  reason for such absence and the anticipated date of return to
                  active employment.

            (b)   Except as set forth on SCHEDULE 4.15, there are no, nor have
                  there ever been, written or verbal collective bargaining or
                  union contracts, employment agreements or other understandings
                  with or affecting any of Seller's employees.

            (c)   Hours worked by, and payments made to, Seller's employees
                  (including leased employees) have been in compliance with the
                  Fair Labor Standards Act and other Requirements of Law.

            (d)   Except as set forth on SCHEDULE 4.15, all payments due from
                  Seller on account of employees' work, including health or
                  welfare insurance, vacation monies, retirement plan
                  contributions and severance payments, have been paid in full.

            (e)   No labor dispute pertaining to the Business is pending or, to
                  Seller's Knowledge, threatened. There are no unfair labor
                  practice complaints pending or, to the Seller's Knowledge,
                  threatened involving Seller. Seller has not experienced any
                  strike or work stoppage during the three (3) years prior to
                  the date of this Agreement. No representation question exists
                  respecting Seller's employees, and no grievance or internal or
                  informal complaint exists, no arbitration proceeding arising
                  out of or under any collective bargaining agreement is pending
                  and no claim for one has been asserted.

            (f)   Except as set forth on SCHEDULE 4.15, no employee or agent of
                  Seller will become entitled to any payment or benefit under
                  any contract, plan, understanding, agreement, bonus or
                  arrangement, whether oral or written, between Seller and such
                  employee or agent in the event that the employment or
                  engagement of such employee or agent is terminated following
                  the consummation of the transactions contemplated by this
                  Agreement.

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            (g)   There is no pending or, to Seller's Knowledge, threatened
                  Proceeding with respect to the employment (or former
                  employment or prospective employment, as the case may be) by
                  Seller of any employee, former employee or prospective
                  employee (including any leased employee).

            (h)   To Seller's Knowledge, no complaint or other document has been
                  filed with the Oklahoma Commissioner of Labor, alleging a
                  violation or breach of any provision of Okla. Stat. Title 40,
                  Section 165.1 ET SEQ. or any regulation or order thereunder,
                  nor does Seller know of any basis for the filing of any such
                  complaint or other document.

            (i)   Seller has operated the Business in compliance with all Labor
                  Laws (without limiting the foregoing, Seller has not received
                  any written notice of any violation of, and to Seller's
                  Knowledge there is no violation of, any provision of the
                  Americans with Disabilities Act, the WARN Act, or COBRA).

      4.16  EMPLOYEE BENEFITS.

            (a)   EMPLOYEE BENEFIT PLANS AND DOCUMENTS. Except as disclosed in
                  SCHEDULE 4.16, Seller does not (and has not) maintained,
                  sponsored, participated in or contributed to, any Employee
                  Benefit Plan.

            (b)   REPRESENTATIONS. Except as specifically set forth in SCHEDULE
                  4.16:

                  (i)     COMPLIANCE WITH LAWS: Each Employee Benefit Plan has
                          been administered in full and complete compliance with
                          ERISA, the Code, the Age Discrimination in Employment
                          Act (to the extent applicable), COBRA, and any other
                          applicable Requirements of Law, and each Employee
                          Benefit Plan is valid and binding, in full force and
                          effect, and there are no defaults.

                  (ii)    NO CLAIMS PENDING OR THREATENED: There are no actions,
                          suits or claims pending (other than routine claims for
                          benefits) or, to the Seller's Knowledge, threatened
                          against any Employee Benefit Plan, against the assets
                          of any Employee Benefit Plan or against Seller for
                          benefits arising under or pursuant to any Employee
                          Benefit Plan.

                  (iii)   NO FUNDING DEFICIENCY: Seller does not have a "funding
                          deficiency" as that term is used in Section 412 of the
                          Code, whether or not waived, with regard to any
                          Employee Benefit Plan.

                  (iv)    NO RETIREE BENEFITS: No retiree benefits are payable,
                          either now or in the future, pursuant to any Welfare
                          Plan.

                  (v)     SUFFICIENT ASSETS: As of the date hereof: (i) with
                          regard to funded plans, the assets of each such
                          Employee Benefit Plan listed in

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                  SCHEDULE 4.16 will be equal to or greater than the accrued
                  benefits of the participants and beneficiaries of such plans.

      4.17  INSURANCE. Seller has maintained and now maintains insurance with
            respect to the Purchased Assets and Leased Assets, the Business and
            the Leased Premises covering property damage by fire or other
            casualty, general, products and completed operations liability, auto
            and excess liability, workers' compensation, and fidelity bonds, all
            sufficient to protect against any such liabilities, claims and
            risks, as is customary in the industry. SCHEDULE 4.17 contains a
            true and correct list of all insurance policies (other than life
            insurance policies) currently maintained by Seller and maintained by
            Seller for the preceding five (5) years stating the name of the
            insurer, policy number, type of coverage, limits and deductibles.
            All current insurance policies are in full force and effect. Seller
            has not received any oral or written notice from any insurance
            carrier, agent or representative of any defects or inadequacies in
            the Purchased Assets or the Leased Assets, the Business, or the
            Leased Premises, which, if uncorrected, would result in a
            termination of insurance coverage or a material increase in the
            premiums charged therefore. Except as set forth on SCHEDULE 4.17,
            there is no state of facts and no event has occurred forming the
            basis for any present property, liability, auto, workers'
            compensation or fidelity claim, which is not fully covered by
            insurance.

      4.18  FLEET AND COMMERCIAL CUSTOMERS. SCHEDULE 4.18 lists, for the year
            ended December 31, 2006, the ten (10) largest fleet and/or
            commercial customers (by dollar volume) of Seller during such year
            or partial year, showing the dollar volume of each. To Seller's
            Knowledge, Seller has good business relationships with each of its
            customers listed in Scheduled 4.18, and no adverse change has
            occurred in the business relationships of Seller with those
            customers listed in Schedule 4.18. To Seller's Knowledge, no
            customer listed in SCHEDULE 4.18 intends to cease or substantially
            reduce purchasing goods or services from Seller.

      4.19  SUPPLIERS. SCHEDULE 4.19 lists, for the year ended December 31,
            2006, the twenty (20) largest suppliers (by dollar volume) of Seller
            during such year or partial year, showing the dollar volume of each.
            Except as set forth in SCHEDULE 4.19, to Seller's Knowledge, Seller
            has a good business relationship with each of its suppliers listed
            in Schedule 4.19, and no adverse change has occurred in the business
            relationships of Seller with those suppliers listed in SCHEDULE
            4.19. To Seller's Knowledge, no supplier (whether or not listed in
            SCHEDULE 4.19) intends to cease or substantially reduce supplying
            goods or services to Seller.

      4.20  RELATIONSHIPS WITH RELATED PERSONS. Except as disclosed in SCHEDULE
            4.20, neither Seller nor the Members nor any affiliate of any of
            them: (i) have had any interest in any property (whether real,
            personal or mixed and whether tangible or intangible) used in or
            pertaining to Seller's business; (ii) is a party to any Contract
            with, or has any claim or right against, Seller; or (iii) owns, has
            owned, of record or as a beneficial owner, an equity interest or any
            other financial or profit interest in any Person that has;

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            (a)   had business dealings or a material financial interest in any
                  transaction with Seller other than business dealings or
                  transactions disclosed in SCHEDULE 4.20, each of which has
                  been conducted in the ordinary course of Business with Seller
                  at substantially prevailing market prices and on substantially
                  prevailing market terms; or

            (b)   engaged in competition with Seller with respect to any line of
                  the products or services of Seller in any market presently
                  served by Seller, except for ownership of less than one
                  percent (1%) of the outstanding capital stock of a competing
                  business that is publicly traded on any recognized exchange or
                  in the over-the-counter market.

      4.21  ENVIRONMENTAL, HEALTH AND SAFETY MATTERS. Except as disclosed in
            SCHEDULE 4.21:

            (a)   Seller has not received notice, and Seller has no information
                  which indicates that Seller will be receiving notice of
                  Proceedings or losses relating to alleged violations by Seller
                  of any Environmental Laws relating to the Business;

            (b)   Seller has not received notice or a request for information
                  (and has no Knowledge of any facts or circumstances) to the
                  effect that Seller may be a potentially responsible party for
                  any facility, site or location pursuant to CERCLA or other
                  similar Environmental Law relating to the Business;

            (c)   Seller has been in compliance with all applicable limitations,
                  restrictions, conditions, standards, prohibitions,
                  requirements and obligations established under the
                  requirements of Environmental Laws relating to the Business,
                  except where such noncompliance would not have any reasonable
                  likelihood, singly or in the aggregate, of materially
                  adversely affecting the financial condition, operations,
                  assets, business or properties of the Business, taken as a
                  whole;

            (d)   Seller has timely filed all notices, reports and other
                  submissions required under all Environmental Laws, except for
                  such notices, reports or other submissions with respect to
                  which the failure to so file would not have any reasonable
                  likelihood, singly or in the aggregate, of materially
                  adversely affecting the financial condition, operations,
                  assets, business or properties of the Business, taken as a
                  whole;

            (e)   Seller has been issued all permits, certificates, approvals,
                  licenses and other authorizations required under all
                  Environmental Laws, have timely applied for them, and are and
                  continue to be in compliance with them and Seller has had all
                  such required permits, and other authorizations and has been
                  in compliance therewith, in each case except for such permits
                  and other authorizations with respect to which the failure to
                  obtain or to comply with which would not have any reasonable
                  likelihood, singly or in the aggregate,

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                  of materially adversely affecting the financial condition,
                  operations, assets, business or properties of the Business,
                  taken as a whole; and

            (f)   Seller has not transported, treated, disposed of or arranged
                  for the transportation, treatment or disposal of any hazardous
                  wastes, Hazardous Materials, or any waste that was stored,
                  disposed of or treated at any site listed on any federal
                  CERCLA or state list or other lists of hazardous substance
                  sites.

            (g)   Neither Seller nor its Members have any knowledge of existence
                  or installation upon the Leased Premises, either presently or
                  at any previous time, of an underground storage tank.

            (h)   To Seller's Knowledge, there have been no releases of
                  hazardous substances on the property or on any adjacent
                  property.

      4.22  PROCEEDINGS; ORDERS.

            (a)   Except as set forth in SCHEDULE 4.22 there is no pending or,
                  to Seller's Knowledge, threatened Proceeding:

                  (i)     by or against Seller or that otherwise relates to or
                          may affect the Business or any of the Purchased Assets
                          or any of the Leased Assets; or

                  (ii)    that challenges, or that may have the effect of
                          preventing, delaying, making illegal or otherwise
                          interfering with the Contemplated Transactions.

            (b)   To Seller's Knowledge, no event has occurred or circumstance
                  exists that is reasonably likely to give rise to any such
                  Proceeding.

            (C)   Except as set forth in SCHEDULE 4.22;

                  (i)     there is no Order to which Seller, the Business or any
                          of the Purchased Assets or the Leased Assets is
                          subject; and

                  (ii)    to Seller's Knowledge, no officer, director, agent or
                          employee of Seller is subject to any Order that
                          prohibits such officer, director, agent or employee
                          from engaging in any conduct relating to the business
                          of Seller.

      4.23  COMPLIANCE WITH LAWS.

            (a)   Except as set forth in SCHEDULE 4.23;

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                  (i)     Seller is (and has always been) in full compliance
                          with each Requirement of Law that is (or was)
                          applicable to the Business or the ownership or use of
                          any of its assets;

                  (ii)    no event has occurred or circumstance exists that (A)
                          may constitute or result in a violation by Seller of,
                          or a failure on the part of Seller to comply with, any
                          Requirement of Law or (B) may give rise to any
                          obligation on the part of Seller to undertake, or to
                          bear all or any portion of the cost of, any remedial
                          action of any nature; and

                  (iii)   Seller has not received, at any time, any notice or
                          other communication (whether oral or written) from any
                          Governmental Authority or any other Person regarding
                          (A) any actual, alleged, possible or potential
                          violation of, or failure to comply with, any
                          Requirement of Law or (B) any actual, alleged,
                          possible or potential obligation on the part of Seller
                          to undertake, or to bear all or any portion of the
                          cost of, any remedial action of any nature.

            (b)   SCHEDULE 4.13 contains an accurate list of each License that
                  is held by Seller or that otherwise relates to the Business or
                  the Purchased Assets or Leased Assets. Each License listed in
                  SCHEDULE 4.13 is valid and in full force and effect. Except as
                  set forth in SCHEDULE 4.13:

                  (i)     Seller is, and at all times has been, in full
                          compliance with all of the terms and requirements of
                          each License identified in SCHEDULE 4.13;

                  (ii)    no event has occurred or circumstance exists that may
                          (A) constitute or result directly or indirectly in a
                          failure to comply with any term or requirement of any
                          License listed in SCHEDULE 4.13 or (B) result directly
                          or indirectly in the revocation, withdrawal,
                          suspension, cancellation or termination of, or any
                          modification to, any License listed in SCHEDULE 4.13;

                  (iii)   Seller has not received any notice (whether oral or
                          written) from any Governmental Authority or any other
                          Person regarding (A) any actual, alleged, or possible
                          failure to comply with any term or requirement of any
                          License or (B) any actual, proposed, possible or
                          revocation, withdrawal, suspension, cancellation,
                          termination of or modification to any Governmental
                          Authorization; and

                  (iv)    all applications required to have been filed for the
                          renewal of the Licenses listed in SCHEDULE 4.13 have
                          been timely filed with the appropriate Governmental
                          Authority, and all other filings required to have been
                          made with respect to such Licenses have been timely
                          made with the appropriate Governmental Authorities.

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            (c)   The Licenses listed in SCHEDULE 4.13 collectively constitute
                  all of the Licenses necessary to permit Seller to lawfully
                  operate the Business. Except as set forth in SCHEDULE 4.13,
                  all of the Licenses are assignable to Buyer.

      4.24  CLAIMS FOR FAULTY SERVICES.

            (a)   SCHEDULE 4.24 contains an accurate list of all claims made
                  within the past 24 months by any customer of Seller, where the
                  customer has claimed that Seller's goods or services were
                  faulty and the cost to correct any such allegation of faulty
                  goods or services exceeded $500, including the claimant's
                  name, the nature of the claim and the amount paid to satisfy
                  the claim.

            (b)   Except as listed on SCHEDULE 4.24, neither Seller nor the
                  Members are aware of (i) any actual or alleged accident,
                  failure, condition or defect in any of Seller's products or
                  services that resulted, or is alleged to have resulted, in
                  bodily injury or damage to property (including Seller's
                  product), or (ii) any complaints of defects in, or complaints
                  of any actual or potential malfunction of, any of Seller's
                  products and services.

      4.25  BROKERS' OR FINDERS' FEES. Neither Seller nor any of its employees,
            agents or representatives have incurred any obligation, contingent
            or otherwise, for brokerage or finders' fees or agents' commissions
            or other similar payments in connection with the sale of the
            Purchased Assets or the Leased Assets or the Contemplated
            Transactions.

      4.26  SOLVENCY.

            (a)   Seller is not insolvent and will not be rendered insolvent by
                  any of the Contemplated Transactions. As used in this section,
                  "insolvent" means that both: (i) the sum of the debts and
                  other probable liabilities of Seller exceeds the present fair
                  saleable value of Seller's assets; and (ii) Seller has
                  sufficient liquidity to pay its obligations in the ordinary
                  course of business.

            (b)   The cash available to Seller following consummation of the
                  Contemplated Transactions, after taking into account all other
                  anticipated uses of the cash, will be sufficient to pay all of
                  Seller's obligations in accordance with their terms.

      4.27  DISCLOSURE.

            (a)   No representation or warranty or other written statement made
                  by Seller's Members or their agents in this Agreement, in any
                  Schedule, or given to Buyer in connection with the
                  Contemplated Transactions, contains any untrue statement or
                  omits to state a material fact necessary to make it in light
                  of the circumstances in which it was made, not misleading.

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            (b)   Neither Seller nor Members has Knowledge of any fact (other
                  than general economic or industry conditions) that may
                  materially adversely affect the Business or the Purchased
                  Assets or the Leased Assets.

      4.28  MANAGEMENT AGREEMENTS. Seller is not a party to any management
            agreement with respect to the Business or any of the Purchased
            Assets or Leased Assets.

      4.29  PATRIOT ACT. Seller and its Members and managers, shall not transfer
            any of the proceeds obtained as a result of this Agreement to any
            person or entity listed on the Office of Foreign Assets Control list
            as "Terrorists" or "Specially Designated Nationals and Blocked
            Persons" or otherwise be in violation of the International Money
            Laundering Abatement and Financial Anti-Terrorism Act of 2001.

      4.30  RESTRICTION OF ACCESS. To Seller's Knowledge, there are no current
            federal, state, county, or municipal plans to materially restrict or
            materially change access to any part of the Leased Premises from any
            highway or road leading directly to or abutting any part of the
            Leased Premises.

5.    REPRESENTATIONS AND WARRANTIES OF BUYER AND GUARANTORS. Buyer and
      Guarantors, jointly and severally, represent and warrant to Seller and the
      Members, as follows:

      5.1   ORGANIZATION AND GOOD STANDING. Buyer is a Michigan corporation,
            duly organized, validly existing and in good standing under the laws
            of Michigan. Midnight Holdings Group, Inc. is a Delaware
            corporation, duly organized, validly existing and in good standing
            under the laws of the State of Delaware. Midnight Auto Franchise
            Corporation is a Michigan corporation, duly organized, validly
            existing and in good standing under the laws of the State of
            Michigan. All Night Auto Stores, Inc. is a Michigan corporation,
            duly organized, validly existing and in good standing under the laws
            of the State of Michigan. Buyer and Guarantors are qualified to do
            business as a foreign corporation and are in good standing under the
            laws of each state or other jurisdiction in which Buyer or
            Guarantors are required to be qualified.

      5.2   AUTHORITY AND ENFORCEABILITY; NO CONFLICT.

            (a)   Buyer and Guarantors have the power and authority to enter
                  into this Agreement, to enter into any and all Additional
                  Agreements to which they are, or will be, a party, and to
                  consummate the transactions contemplated in this Agreement.
                  The execution and delivery of this Agreement and the
                  Additional Agreements have been authorized by all necessary
                  action on Buyer's and Guarantors' part. This Agreement and all
                  of the Additional Agreements to which Buyer or Guarantors are
                  a party, when fully executed and delivered, will constitute
                  legal, valid and binding obligations of Buyer and Guarantors,
                  enforceable against them in accordance with their respective
                  terms except that such enforcement may be subject to (i)
                  bankruptcy, insolvency, reorganization, moratorium or other
                  similar laws

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                  affecting or relating to enforcement of creditors' rights
                  generally and (ii) general equitable principles.

            (b)   Buyer's and Guarantors' execution and delivery of this
                  Agreement and all of the Additional Agreements does not
                  violate, conflict with or result in a breach of any provision
                  of (i) Buyer's or Guarantors' Governing Documents, (ii) any
                  statute, law, ordinance, rule, regulation, judgment, decree,
                  order, injunction, writ, permit or license of any court or
                  governmental authority applicable to Buyer or Guarantors or
                  any of their properties or assets, or (iii) any note, bond,
                  mortgage, indenture, deed of trust, license, franchise,
                  permit, concession, contract, lease or other instrument,
                  obligation or agreement of any kind to which Buyer or
                  Guarantors are now a party or by which they or any of their
                  properties or assets may be bound or affected.

      5.3   BROKERS' OR FINDERS' FEES. Neither Buyer nor any of its employees,
            agents or representatives has incurred any obligation or liability,
            contingent or otherwise, for brokerage or finders' fees or agents'
            commissions or other similar payments in connection with the sale of
            the Purchased Assets or the Leased Assets or the Contemplated
            Transactions.

      5.4   FINANCIAL STATEMENTS. All financial statements filed by Midnight
            Holdings Group, Inc. with the Securities and Exchange Commission
            ("SEC") since January 1, 2006 are true, correct and complete in all
            material respects; have been prepared in accordance with GAAP
            applied consistently; and present fairly the financial condition,
            results of operation, and cash flows of Midnight Holdings Group,
            Inc. as of the dates and for the periods indicated.

      5.5   ABSENCE OF CHANGES. Since the date of the most recent financial
            statement filed by Midnight Holdings Group, Inc. with the SEC, there
            has not been any material adverse change in the business,
            operations, prospects, assets, results of operations or condition
            (financial or otherwise) of Midnight Holdings Group, Inc., and no
            event has occurred or circumstance exists that may result in a
            Material Adverse Change.

      5.6   CONSENTS. Except as set forth in SCHEDULE 5.6, Buyer and Guarantors
            do not need any consent, approval, filing with, or notice to, any
            Governmental Authority or any lender, lessor, creditor, shareholder
            or other third-party, in connection with the execution and delivery
            of this Agreement and the Additional Agreements or the consummation
            of the transactions contemplated in this Agreement and the
            Additional Agreements.

      5.7   PROCEEDINGS

            (a)   Except as set forth in SCHEDULE 5.7, there is no pending or,
                  to Buyer's Knowledge or to Guarantors' Knowledge, threatened
                  Proceeding:

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                  (i)     by or against Buyer or Guarantors or that otherwise
                          relates to or may affect their business, the Business
                          or any of the Purchased Assets; or

                  (ii)    that challenges, or that may have the effect of
                          preventing, delaying, making illegal or otherwise
                          interfering with the Contemplated Transactions.

            (b)   To Buyer's Knowledge and to Guarantors' Knowledge, no event
                  has occurred or circumstance exists that is reasonably likely
                  to give rise to any such Proceeding.

      5.8   COMPLIANCE WITH LAWS. Except as set forth in SCHEDULE 4.23;

            (a)   Buyer and Guarantors are (and have always been) in full
                  compliance with each Requirement of Law that is (or was)
                  applicable to their businesses or the ownership or use of any
                  of their assets;

            (b)   no event has occurred or circumstance exists that (A) may
                  constitute or result in a violation by Buyer or Guarantors of,
                  or a failure on the part of Buyer or Guarantors to comply
                  with, any Requirement of Law or (B) may give rise to any
                  obligation on the part of Buyer or Guarantors to undertake, or
                  to bear all or any portion of the cost of, any remedial action
                  of any nature; and

            (c)   Buyers and Guarantors have not received, at any time, any
                  notice or other communication (whether oral or written) from
                  any Governmental Authority or any other Person regarding (A)
                  any actual, alleged, possible or potential violation of, or
                  failure to comply with, any Requirement of Law or (B) any
                  actual, alleged, possible or potential obligation on the part
                  of Buyer or Guarantors to undertake, or to bear all or any
                  portion of the cost of, any remedial action of any nature.

      5.9   SOLVENCY. Buyer and Guarantors, as the case may be, are not
            insolvent and will not be rendered insolvent by any of the
            Contemplated Transactions. As used in this section, "insolvent"
            means that both: (i) the sum of the debts and other probable
            liabilities of Buyer and Guarantors, as the case may be (excluding
            indebtedness owed by Buyer to its private equity funding source, NIR
            Group, Inc. and its affilates), exceeds the present fair saleable
            value of Buyer's and Guarantors' assets, as the case may be, and
            (ii) Buyer and Guarantors, as the case may be, have sufficient
            liquidity (assuming that NIR Group, Inc. or its affiliates continue
            to provide funding to Midnight Holdings Group, Inc. consistent with
            their past practice) to pay their obligations in the ordinary course
            of business.

      5.10  Subsidiaries. Buyer has formed and owns as wholly-owned
            subsidiaries, All Night Auto of Warr Acres, Inc. (to operate the
            Warr Acres Location), All Night Auto of Yukon,

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            Inc. (to operate the Yukon Location), All Night Auto of Norman, Inc.
            (to operate the Norman Location).

      5.11  DISCLOSURE.

            (a)   No representation or warranty or other written statement made
                  by Buyer or Guarantors in this Agreement, in any Schedule, or
                  given to Seller in connection with the Contemplated
                  Transactions, contains any untrue statement or omits to state
                  a material fact necessary to make it in light of the
                  circumstances in which it was made, not misleading.

            (b)   Neither Buyer nor Guarantors have Knowledge of any fact (other
                  than general economic or industry conditions) that may
                  materially adversely affect their businesses, the Business or
                  the Purchased Assets or the Leased Assets.

6.    COVENANTS.

      6.1   FURTHER ASSURANCES. From time to time after the date hereof, at a
            party's request and without further consideration, the other party
            or parties, as the case may be, will execute and deliver or cause to
            be executed and delivered such further instruments of conveyance,
            assignment and transfer and will take such other action as the
            requesting party may reasonably request in order to more effectively
            effectuate the contemplated transactions. On Buyer's request, Seller
            and Members will cooperate with Buyer on or after the date hereof by
            furnishing information, evidence, testimony and other assistance in
            connection with any actions, proceedings, arrangements or disputes
            involving Buyer and which are based on contracts, leases,
            arrangements or acts of Seller which were in effect or occurred on
            or before the date hereof.

      6.2   NON-ASSIGNABLE CONTRACTS. If any Assumed Contract, by virtue of its
            subject matter, or by operation of law, is not assignable to Buyer
            without the consent of a third party (the "Non-Assignable
            Contracts"), including without limitation those listed on Schedule
            4.10, Seller agrees to use its best efforts as soon as practicable
            after the execution and delivery of this Agreement to obtain any
            consents necessary to convey to Buyer such Non-Assignable Contracts
            or the benefits of such Contracts, or if such consent is not
            obtained, to provide Buyer with the same economic and other benefits
            of any such Non-Assignable Contracts as if it had been assigned.
            Nothing in this Agreement shall be construed as an attempt or an
            agreement to assign or cause the assignment of any Non-Assignable
            Contract, unless such consent has been given, or as to which all the
            remedies for its enforcement by Seller would not, as a matter of
            law, pass to Buyer as an incident of the assignments provided by
            this Agreement.

      6.3   PUBLIC ANNOUNCEMENTS. Except as required by Law (including the duty
            of Buyer to file a Form 8-K with respect to this transaction), no
            party to this Agreement will, nor will they permit any of their
            affiliates to, make any public announcement

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            in respect of this Agreement or the transactions contemplated by
            this Agreement without the prior consent of the other.

      6.4   EMPLOYEE MATTERS.

            (a)   NO OBLIGATION TO HIRE. No provision of this Agreement is
                  intended to confer on any employee of Seller any right to
                  continued employment after the date hereof except as otherwise
                  expressly stated herein. On or as of the date hereof, Seller
                  will terminate those of its employees to whom Buyer chooses to
                  offer employment (as identified on Schedule 6.4) and will pay
                  all such employees any amounts due through the date hereof for
                  accrued wages and benefits.

            (b)   NO OBLIGATION UNDER PLANS OR OTHER LIABILITY. Buyer assumes no
                  obligation arising under any of Seller's Employee Benefit
                  Plans, whether for current, former or retired employees of
                  Seller. Seller will indemnify and hold Buyer harmless from any
                  obligation arising with respect to Seller's Employee Benefit
                  Plans. Seller is and shall be fully liable for all workers'
                  compensation benefits payable to its employees for any claim
                  for such benefits arising as the result of an injury or
                  occupational disease sustained prior to the date hereof.

      6.5   ACCOUNT RECEIVABLE COLLECTIONS. In order to avoid disruption of the
            Business, Buyer shall use commercially reasonable efforts to collect
            Seller's Accounts Receivable as set forth in Schedule 4.25. The
            amount of any Accounts Receivable collected will be paid over to
            Seller, less a fifteen (15%) percent collection fee that shall be
            retained by Buyer. Any accounts receivable remaining unpaid thirty
            (30) days following Closing will be turned over to Seller for
            collection. Buyer assumes no liability for the uncollectability of
            any accounts receivable.

      6.6   MEMBERS SERVICES. On the date hereof, Buyer shall enter into an
            Employment Agreement with Steve in the form of the attached Exhibit
            C (the "Employment Agreement"). In addition, Buyer shall hire James
            and Joya Stearman on the same terms and conditions and with the same
            benefits as the Buyer offers its other employees who hold comparable
            positions

      6.7   NON-COMPETITION AGREEMENT. The Members hereby agree that during the
            period of five (5) years following the date of this Agreement (the
            "Restricted Period"), none of them shall, directly or indirectly, as
            employee, agent, consultant, stockholder, director, co-partner or in
            any other individual or representative capacity, own, operate,
            manage, control, engage in, invest in or participate in any manner
            in, act as a consultant or advisor to, render services for (alone or
            in association with any person, firm, corporation or entity), or
            otherwise assist any person or entity (other than the Buyer) that
            engages in or owns, invests in, operates, manages or controls any
            venture or enterprise that directly or indirectly engages or
            proposes to engage the automotive repair business, or the sale of

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            automotive aftermarket parts or accessories and which conducts (or
            proposes to conduct) business anywhere within a 10 mile radius
            around any retail store or automotive service center operated,
            franchised, or supplied by the Buyer or its affiliates (or potential
            retail store or automotive service center locations which the Buyer
            plans to open, build, operate, franchise or supply as of the end of
            the Restricted Period if the Buyer has taken more than one
            affirmative act in effecting such plans) in the State of Oklahoma
            (the "Territory"); PROVIDED, HOWEVER, that nothing contained herein
            shall be construed to prevent the Members from investing in the
            stock or other securities of any competing corporation or entity
            listed on a national securities exchange or traded in the
            over-the-counter market, but only if the Members are not actively
            involved in the business of said corporation or entity and if the
            Members and their associates (as such term is defined in Regulation
            14(A) promulgated under the Securities Exchange Act of 1934, as in
            effect on the date of this Agreement), collectively, do not own more
            than an aggregate of five (5%) percent of the stock of such
            corporation ("Permitted Investments"). Notwithstanding anything in
            this Section 6.7 or elsewhere in this Agreement to the contrary,
            should the Buyer, the Guarantors or any of their affiliates,
            successors or assigns breach any provision of this Agreement or the
            Additional Agreements, which breach is not cured within fifteen (15)
            Business Days written notice by the Seller or a Member to the
            breaching party, this Section 6.7 shall become void as of the end of
            the fifteen (15) Business Day notice period unless otherwise agreed
            to in writing by the parties. The voiding of this Section 6.7 shall
            not diminish or otherwise adversely affect the Seller's or the
            Members' right to bring an action to for that breach.

      6.8   LEASES. On the date of this Agreement, Buyer and Seller shall enter
            into Leases for the Norman and Yukon stores and Seller shall have
            caused the owner of the Warr Acres real estate to have entered into
            a lease with Buyer for the Warr Acres store on terms reasonably
            satisfactory to Buyer (the "Leases"). The Leases shall be in the
            form of Exhibits D, E and F to this Agreement.

      6.9   SELLER'S LIABILITY INSURANCE TO REMAIN IN FORCE. [Intentionally
            deleted.]

      6.10  TITLE POLICIES. [Intentionally deleted.]

      6.11  ENVIRONMENTAL SURVEYS. On the date of this Agreement, the Buyer will
            have obtained Phase I environmental surveys conducted by an
            environmental consulting firm reasonably acceptable to the Seller,
            the costs, fees, and expenses of which will be shared equally
            between the Buyer and the Seller.

7.    CONDITIONS TO BUYER'S OBLIGATION AT CLOSING. The obligation of Buyer to
      consummate the Contemplated Transactions is subject to the satisfaction of
      all of the following conditions precedent, any of which may be waived in
      writing by Buyer:

      7.1   ACCURACY OF REPRESENTATIONS AND WARRANTIES. All representations,
            warranties and covenants made by Seller in this Agreement or any
            instrument contemplated by this Agreement must be true and correct
            in all respects.

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      7.2   PERFORMANCE OF AGREEMENT. Seller must have performed all of its
            obligations under this Agreement that are to have been performed.

      7.3   CONSENTS. All consents, approvals or authorizations of, or
            designations, declarations or filings with, any Governmental
            Authority, or any lender, lessor, creditor, landlord or other Person
            required in connection with the execution, delivery, performance of
            or compliance with this Agreement and the Contemplated Transactions
            must have been received or made.

      7.4   SATISFACTORY DUE DILIGENCE INVESTIGATION. Buyer must be satisfied,
            in its sole and absolute discretion, with the results of its due
            diligence investigations of the Business and the Purchased Assets
            and the Leased Assets (including, without limitation, a satisfactory
            walk though inspection and a physical inspection of the service
            centers by Buyer 24 hours before closing to confirm that the service
            centers are in the same condition as on the date of the Term Sheet
            dated January 25, 2007 between the parties and that each service
            center has a reasonable amount of inventory to meet customer needs).

      7.5   DOCUMENTATION. Seller (and in the case of the Employment Agreement,
            Steve) must have executed and delivered or caused to be executed and
            delivered all of the documents described in Section 9.1 below. All
            documents relating to the Contemplated Transactions must be
            satisfactory in form and content to Buyer's legal counsel.

      7.6   UNIFORM COMMERCIAL CODE SEARCHES. Buyer shall have received Uniform
            Commercial Code Searches certified by the Secretary of State or
            corresponding state agency and, if applicable, county agency in each
            state in which any of the Purchased Assets or Leased Assets are
            located and in which Seller is formed, dated not earlier than ten
            (10) days prior to the Date hereof showing no Liens.

      7.7   PROCEEDINGS AND LITIGATION SEARCHES. Buyer shall have received
            certified litigation searches dated no earlier than thirty (30) days
            prior to the date hereof of the litigation records from each of the
            counties in which Seller conducts (or conducted) business showing
            that, other than the litigation disclosed on Schedule 4.23, no
            Proceeding has been filed against Seller or any of the Purchase
            Assets.

      7.8   TAX LIEN SEARCHES. Buyer shall have received certified tax lien
            searches dated no earlier than thirty (30) days prior to the date
            hereof of the tax records from each of the counties in which Seller
            conducts (or conducted) business showing no tax liens have been
            filed against Seller or any of the Purchased Assets or Leased
            Assets.

      7.9   UNEMPLOYMENT LIABILITY OR SIMILAR LETTERS. Seller, at its cost and
            expense, must provide Buyer a certificate from any applicable
            Employment Security Commission or other similar state agency from
            the State of Oklahoma showing that Seller has no unpaid unemployment
            or other tax or similar liability.

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      7.10  SELLER'S ACCOUNTS PAYABLE. On the date hereof, Seller shall pay in
            full all amounts owed by it to those third parties who have provided
            goods or services to Seller on or prior to the date hereof.

      7.11  LEASES. Midnight Auto Franchise Corporation and the owner(s) of the
            Leased Premises must have executed the Leases. Midnight Auto
            Franchise Corporation and Seller must have entered into mutually
            satisfactory leases with respect to the Yukon and Norman locations.

      7.12  OPINION OF COUNSEL. Buyer must receive an opinion of Seller's
            counsel covering those matters set forth in Sections 4.1 and 4.2, in
            form and content acceptable to Buyer (provided however that the
            matters referred to in Section 4.2 may be to the best of counsel's
            Knowledge without inquiry).

      7.13  DELIVERIES. Seller must have delivered all documents to be made by
            it under this Agreement on the date hereof, together with all other
            documents and instruments reasonably requested by Buyer to evidence
            compliance with the terms and conditions of this Agreement.

      7.14  ROYALTIES. Seller must have paid to Midnight Auto Franchise
            Corporation all royalties due under the franchise agreement between
            Seller and Midnight Auto Franchise Corporation, arising out of
            Seller's business operations up to and including the date hereof
            (which amount, as of January 25, 2007 was approximately $73,000)
            (the "Royalty Amount"), which constitutes all monies due under the
            franchise agreement between Seller and Midnight Auto Franchise
            Corporation arising out of Seller's business operations up to and
            including the date hereof. The acceptance of the Royalty Amount by
            the Buyer shall constitute a full release of the Seller and the
            Members by Midnight Auto Franchise Corporation, the Guarantors and
            their affiliates from any and all obligations that the Seller and
            the Members may have under any franchise or other agreements with
            Midnight Auto Franchise Corporation, with the Guarantors or with
            their respective affiliates other than those obligations related to
            the Contemplated Transactions.

8.    CONDITIONS TO SELLER'S OBLIGATIONS AT CLOSING. The obligation of Seller to
      consummate the Contemplated Transactions is subject to the satisfaction of
      all of the following conditions precedent, any of which may be waived in
      writing by Seller:

      8.1   ACCURACY OF REPRESENTATIONS AND WARRANTIES. All representations,
            warranties and covenants made by Buyer and Guarantors in this
            Agreement or any instrument contemplated by this Agreement must be
            true and correct in all respects.

      8.2   PERFORMANCE OF AGREEMENT. Buyer and Guarantors must have performed
            all of their obligations under this Agreement.

      8.3   CONSENTS. All consents, approvals or authorizations of, or
            designations, declarations or filings with, any Governmental
            Authorities, or any lender, lessor,

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            creditor, landlord or other Person required in connection with the
            execution, delivery, performance of or compliance with this
            Agreement and the transactions contemplated by this Agreement must
            have been received or made.

      8.4   LEASES. Midnight Auto Franchise Corporation and the owner(s) of the
            Leased Premises must have entered into the Leases.

      8.5   DELIVERIES. Buyer and Guarantors must have delivered all documents
            to be made by them under this Agreement on the date hereof, together
            with all other documents and instruments reasonably requested by
            Seller to evidence compliance with the terms and conditions of this
            Agreement.

      8.6   SATISFACTORY DUE DILIGENCE INVESTIGATION. Seller must be satisfied,
            in its sole and absolute discretion, with the results of its due
            diligence investigations of the Buyer and the Guarantors, which
            shall be limited to the information which Midnight Holdings Group,
            Inc. has filed with the SEC.

      8.7   DOCUMENTATION. Buyer and Guarantors must have executed and delivered
            or caused to be executed and delivered all of the documents
            described in Section 9.2 below. All documents relating to the
            Contemplated Transactions must be satisfactory in form and content
            to Seller's legal counsel.

      8.8   OPINION OF COUNSEL. Seller must receive an opinion of Buyer's
            counsel covering those matters set forth in Sections 5.1 and 5.2, in
            form and content acceptable to Seller (provided however that the
            matters referred to in Section 5.2 may be to the best of counsel's
            Knowledge without inquiry).

      8.9   MANAGER'S APPROVAL. Approval of the Manager of Seller of the
            transactions contemplated herein.

9.    CLOSING; DELIVERIES. The purchase and sale of the Purchased Assets and the
      leasing of the Leased Assets shall take place at the offices of McAfee &
      Taft at 9:00 a.m. local on the date hereof or in such other manner and at
      such other time and place as the parties shall agree upon (which time and
      place are designated as the "CLOSING").

      9.1   SELLER'S DELIVERIES. Seller will execute and deliver, or cause to be
            executed and delivered, the following:

            (a)   Warranty Bill of Sale (the "Bill of Sale") and one or more
                  Assignment and Assumption Agreements (the "Assignments"), in
                  form attached as Exhibit G to this Agreement, and such other
                  transfer documents as may be necessary or appropriate to
                  evidence the transfer of the Purchased Assets to Buyer.

            (b)   Assignments of all insurance policies included in the
                  Purchased Assets in the form attached as Exhibit H to this
                  Agreement.

            (c)   Certificates of title to any vehicles listed on Schedule
                  1.1(e).

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            (d)   The Closing Statement in the form attached as Exhibit I to
                  this Agreement.

            (e)   The Leases attached as Exhibits D, E, and F.

            (f)   The insurance certificate referred to in Section 6.9.

            (g)   Seller's Opinion of Counsel in the form attached as Exhibit J
                  to this Agreement.

            (h)   Possession of the Purchased Assets and the Leased Assets.

            (i)   The Employment Agreement.

            (j)   The Non-Competition Agreement

            (k)   Wire transfer of the Royalty Amount to Midnight Auto Franchise
                  Corporation.

            (l)   Estoppel letters with respect to Leases and Equipment Leases,
                  and lien releases for each lien that has attached to a
                  Purchased Asset.

            (m)   Such other documents and instruments as are contemplated in
                  this Agreement or that Buyer or Buyer's counsel may reasonably
                  request in order to evidence or consummate the transactions
                  contemplated in this Agreement or to affect the purpose or
                  intent of this Agreement.

            (n)   The Mutual Release described in Section 11.16 (the "Mutual
                  Release").

            (o)   The Equipment Leases attached as Exhibit G-1 [intentionally
                  deleted]

      9.2   BUYER'S DELIVERIES. Buyer and Guarantors will execute and deliver,
            or cause to be executed and delivered, the following:

            (a)   Payment via wire transfer of the $[*] initial payment of the
                  Purchase Price to Seller and delivery of the Promissory Note

            (b)   The Mutual Release.

            (c)   The Closing Statement.

            (d)   The Leases.

            (e)   The Employment Agreement, the Restricted Stock Certificate and
                  the Exhibits to the Employment Agreement.

            (f)   Buyer's and Guarantors' Opinion of Counsel in the form
                  attached as Exhibit K to this Agreement.

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            (g)   Phase I environmental surveys conducted on the land and
                  premises of the Yukon and Norman Businesses by an
                  environmental consulting firm reasonably acceptable to Seller.

            (h)   The Leases and such other documents and instruments as are
                  contemplated in this Agreement or that Seller or Seller's
                  counsel may reasonably request in order to evidence or
                  consummate the transactions contemplated in this Agreement or
                  to affect the purpose or intent of this Agreement.

10.   INDEMNIFICATION AND SURVIVAL.

      10.1  INDEMNIFICATION OF BUYER. Seller and the Members, jointly and
            severally, agree to indemnify, defend and hold Buyer, and its
            officers, directors, managers, employees, equity owners, successors
            and assigns ("Buyer Indemnified Parties"), harmless from and against
            any and all liabilities, losses, costs, expenses, damages, fines,
            judgments or penalties (collectively, "Damages") which Buyer may
            incur and become liable for as a result or, or in connection with:

            (a)   All liabilities, obligations, claims, demands, liens or
                  judgments (each a "Claim") against Buyer relating, in any way,
                  to any Excluded Liability.

            (b)   Any inaccuracy, misrepresentation or omission, in any
                  representation of Seller in this Agreement or the Additional
                  Agreements.

            (c)   Any breach of any representation or warranty made by Seller in
                  this Agreement or the Additional Agreements.

            (d)   Any Damages incurred by Buyer as a result of the failure by
                  Seller or Members to fulfill any agreement or covenant in this
                  Agreement or the Additional Agreements.

            (e)   All actions, suits, proceedings, demands, assessments,
                  judgments, costs, and expenses including, without limitation,
                  interest which may be imposed by any third party, court costs,
                  litigation expenses, reasonable attorneys, accountant and
                  consultants fees, and expenses relating to proofs of claim,
                  relating, in any way, to any of the items described in (a)
                  through (d) above.

      10.2  INDEMNIFICATION OF SELLER. Buyer and Guarantors, jointly and
            severally, agree to indemnify, defend and hold Seller, and its
            officers, directors, managers, employees, equity owners, successors
            and assigns ("Seller Indemnified Parties"), harmless from and
            against any and all Damages which Seller or the Members may incur or
            become liable for as a result or in connection with:

            (a)   All Claims against Seller or the Members relating, in any way,
                  to any Assumed Liability.

            (b)   Any inaccuracy, misrepresentation or omission, in any
                  representation of Buyer or Guarantors in this Agreement or the
                  Additional Agreements.

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            (c)   Any breach of any representation or warranty made by Buyer or
                  Guarantors in this Agreement or the Additional Agreements.

            (d)   Any Damages incurred by Seller as a result of Buyer's or
                  Guarantors' failure to fulfill any agreement or covenant in
                  this Agreement or the Additional Agreements.

            (e)   All actions, suits, proceedings, demands, assessments,
                  judgments, costs, and expenses including, without limitation,
                  interest which may be imposed by any third party, court costs,
                  litigation expenses, reasonable attorneys, accountant and
                  consultants fees, and expenses relating to proofs of claim,
                  relating, in any way, to any of the items described in (a)
                  through (d) above.

      10.3  PROCEDURE FOR INDEMNIFICATION AND ASSUMPTION OF DEFENSE.

            (a)   NOTICE. Any party or other person or entity which may entitled
                  to be indemnified under the provisions of this Agreement (the
                  "Indemnified Party") shall give written notice to the
                  indemnifying party (the "Indemnifying Party") promptly after
                  becoming aware of any Claim for which recovery against the
                  Indemnifying Party may be sought. If the right to
                  indemnification arises from the Claim of a third party (a
                  "Third Party Claim"), then, within ten (10) days after
                  learning of the assertion of any Third Party Claim, the
                  Indemnified Party shall notify the Indemnifying Party and
                  afford the Indemnifying Party the opportunity to assume the
                  defense or settlement of the Third Party Claim at its own
                  expense with counsel of its choosing. Notice under either of
                  the foregoing sentences of this subsection (a) is referred to
                  as an "Indemnification Notice." The right to indemnification
                  under this Agreement will not be affected by any failure to
                  give, or any delay in giving, the Indemnification Notice,
                  unless, and then only to the extent that, the rights and
                  remedies of the party to whom such notice was to have been
                  given are prejudiced. Failure by an Indemnifying Party to
                  notify an Indemnified Party of its election to defend any
                  Third Party Claim within ten (10) days of receipt of an
                  Indemnification Notice is deemed a waiver by the Indemnifying
                  Party of its right to defend such Third Party Claim.

            (b)   DEFENSE ASSUMED. If the Indemnifying Party assumes the defense
                  of a Third Party Claim, the Indemnifying Party must take all
                  steps necessary in the defense or settlement of the Third
                  Party Claim and hold the Indemnified Party harmless from and
                  against any and all damages caused by or arising out of any
                  settlement of the Claim approved by the Indemnifying Party or
                  any judgment rendered in connection with the Claim. Unless the
                  Indemnifying Party's insurance carrier has assumed defense of
                  the matter in question, such Indemnifying Party may not, in
                  the defense of the Third Party Claim, without the written
                  consent of the Indemnified Party (which consent will not be
                  unreasonably withheld):

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                  (i)     consent to the entry of any judgment (other than a
                          judgment of dismissal on the merits without costs);

                  (ii)    enter into any settlement, except a settlement
                          involving solely the payment of money for which the
                          Indemnifying Party is solely responsible, and which
                          does not require an admission of liability,
                          responsibility or wrong-doing on the part of the
                          Indemnified Party;

                  (iii)   enter into any settlement that does not include, as an
                          unconditional term thereof, the giving by the claimant
                          or the plaintiff to the Indemnified Party a release
                          from all liability in respect of such Third Party
                          Claim or resulting litigation.

                  If an Indemnified Party unreasonably withholds his or its
                  consent to the entry of any judgment or settlement, the
                  Indemnifying Party does not have any obligation to indemnify
                  the Indemnified Party with respect to such Claim.
                  Notwithstanding anything in this Section 10.3 to the contrary,
                  the Indemnified Party may, with counsel of its choice and at
                  its expense, participate in the defense of any such Third
                  Party Claim.

            (c)   DEFENSE NOT ASSUMED. If the Indemnifying Party does not assume
                  the defense of any Third Party Claim after receipt of an
                  Indemnification Notice, the Indemnified Party may defend
                  against such Third Party Claim in such manner as it deems
                  appropriate, which may include settling such Claim on such
                  terms as it deems appropriate. The Indemnifying Party shall
                  promptly reimburse the Indemnified Party for the amount of any
                  settlement and for all Damages incurred by the Indemnified
                  Party in connection with the defense against or settlement of
                  the Third Party Claim or resulting litigation.

            (d)   ASSIGNMENT OF CLAIMS. Once the Indemnifying Party's satisfies
                  its obligation to indemnify under this Agreement, the
                  Indemnified Party shall assign to the Indemnifying Party any
                  and all claims, causes of action and demands of whatever kind
                  and nature which the Indemnified Party may have against any
                  person, firm or other entity giving rise to such indemnified
                  loss, and the Indemnified Party will reasonably cooperate in
                  any efforts to recover any such loss.

            (e)   BUYER'S RIGHT TO SETTLE CLAIMS. Notwithstanding the provisions
                  above, in the event that, in order to protect the Business or
                  the Purchased Assets or the Leased Assets, Buyer reasonably
                  believes that it is required to settle any Claim, the defense
                  of which Seller would otherwise be entitled to assume pursuant
                  to the provisions of Section 10.3, Buyer is entitled to settle
                  such Claim after first giving Seller not less than three (3)
                  business days' prior written notice of the Claim and the
                  proposed settlement. The terms of such settlement will be
                  binding on Seller if they are commercially reasonable.

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      10.4  RIGHT OF OFFSET. Any amount which Seller or any Member owes to Buyer
            or any Buyer Indemnified Party under this Agreement (including
            amounts due under this Section 10) may, at the option of Buyer, be
            set off against any amounts due from Buyer or Midnight Auto
            Franchise Corp. to Seller (or any Member) under this Agreement, the
            Promissory Note, or under the Leases for the Yukon or Norman
            locations (provided, however, in the case of offsets against amounts
            due under the Leases, the offset shall not exceed a maximum of $500
            per month per lease with respect to Norman and Yukon Leases).
            Failure of Buyer to exercise its rights under this Section 10.4 will
            not affect Buyer's right to indemnification under this Section 10.

      10.5  SURVIVAL. The representations and warranties of Seller, Members,
            Buyer and Guarantors contained in this Agreement will survive for a
            period of twenty-four (24) months from the date hereof, except that
            the representations and warranties contained in Sections 4.1, 4.2,
            5.1, and 5.2 (relating to Good Standing and Authority) and 4.9
            (relating to Title and Liens) will survive indefinitely and the
            representations and warranties contained in Sections 4.23 and 5.8
            (relating to compliance with laws), 4.17 (relating to employee
            benefits), 4.6 (relating to Taxes) and 4.22 (relating to
            environmental matters) will survive until six (6) months after the
            expiration of the applicable statute of limitations, as determined
            by a court of competent jurisdiction. Any claim that is made in
            writing before the applicable survival period expires will survive
            until fully and finally resolved.

      10.6  REMEDIES NOT EXCLUSIVE. Buyer and Seller are entitled to exercise
            and resort to all rights and remedies for misrepresentation or
            breach as are afforded to such party at law or in equity, including,
            without limitation, rescission, specific performance, action for
            damages, adjustment to the Purchase Price or such other remedies and
            relief as may be afforded to such party under this Agreement or by a
            court of competent jurisdiction. Neither the existence or exercise
            of any specific remedies is intended to be exclusive of or impair or
            otherwise adversely affect in any manner whatsoever any rights,
            remedies or relief otherwise available to such party, and each and
            every right and remedy will be cumulative and in addition to every
            other right and remedy provided in this Agreement or by law.

11.   MISCELLANEOUS.

      11.1  DISPUTE RESOLUTION. All disputes between the parties arising out of
            any provision of this Agreement, shall be resolved in accordance
            with the Dispute Resolution Procedures set forth in the attached
            Exhibit L, provided, however, that a party may seek a preliminary
            injunction or other provisional judicial relief if in its judgment
            such action is necessary to avoid irreparable damage or to preserve
            the status quo. Despite any such action, the parties will continue
            to participate in good faith in the procedures set forth in Exhibit
            L. All disputes relating to the determination of the Adjustment
            shall be resolved by the Arbitrator. The prevailing party in any
            dispute arising out of any provision of this Agreement or the
            Additional Agreements shall be entitled to recover its costs,
            including reasonable attorneys' fees, from the nonprevailing party.

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      11.2  EXPENSES. Seller and Buyer will each bear the expenses incurred by
            them in connection with the preparation and negotiation of this
            Agreement and the Additional Agreements and the consummation of the
            transactions contemplated in this Agreement, PROVIDED HOWEVER, upon
            presentation of an invoice from Seller's counsel, Buyer shall
            immediately reimburse Seller for reasonable legal fees incurred by
            Seller and Members in connection with the Contemplated Transactions
            up to a maximum reimbursement of Twelve Thousand Five Hundred
            Dollars ($12,500.00).

      11.3  NOTICES. All notices, consents, waivers, requests, demands and other
            communications permitted under or required pursuant to this
            Agreement shall be in writing and shall be deemed given to a party
            when (a) delivered to the appropriate address by hand delivery or by
            nationally recognized overnight courier service (costs prepaid), (b)
            sent by facsimile or e-mail with confirmation of transmission by the
            transmitting equipment, or (c) received or rejected by the
            addressee, if sent postage prepaid by certified or registered mail,
            return receipt requested, in each case to the parties at the
            addresses, facsimile numbers or e-mail addresses and marked to the
            attention of the person (by name or title) designated below, or at
            such other address, facsimile number or e-mail address as a party
            may designate by written notice given to the other parties as
            provided in this Section 11.3:

               If to Seller:                     With a required copy to:

               Stephen J. Stearman               Phil Sears, Esquire
               12800 SW 58th Street              McAfee & Taft, P.C.
               Mustang, OK  73064                10th Floor, 2 Leadership Square
                                                 211 N. Robinson
                                                 Oklahoma City, OK  73102-7103

               If to Buyer:                      With a required copy to:

               Nicholas A. Cocco                 Enterprise Law Partners, PLLC
               Chairman, President & CEO         7457 Franklin Road, Suite 250
               Midnight Holdings Group, Inc.     Bloomfield Hills, MI 47301
               22600 Hall Road, Suite 205        Attn: Richard Bruder
               Clinton Township, MI  48036

      11.4  HEADINGS. The headings contained in this Agreement are for reference
            purposes only and shall not in any way affect the meaning or
            interpretation of this Agreement.

      11.5  GOVERNING LAW. This Agreement has been executed in, and is to be
            construed and enforced in accordance with the laws of, the State of
            Michigan without regard to the conflicts of law principles.

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      11.6  NO ASSIGNMENT; BENEFIT. No party may assign its rights and
            obligations under this Agreement without the prior written consent
            of the other parties. This Agreement is binding on and inures to the
            benefit of the parties and their respective successors and assigns.

      11.7  ENTIRE AGREEMENT. This Agreement, including the Exhibits and the
            Schedules attached or to be attached to it, is and shall be deemed
            to be the complete and final expression of the agreement between the
            parties as to the matters contained in and related to this Agreement
            and supersedes any previous agreements between the parties
            pertaining to such matters.

      11.8  TAX MATTERS. Seller shall pay all sales, use and transfer taxes
            (including taxes, if any, imposed on the transfer of real and
            personal property) payable in connection with the transactions
            contemplated in this Agreement.

      11.9  COUNTERPARTS. This Agreement may be executed in counterparts, each
            of which is deemed an original and all of which together are
            considered one and the same agreement. Photostatic or facsimile
            reproductions of this Agreement may be made and relied on to the
            same extent as originals.

      11.10 WAIVER. A party's waiver of a breach of any provision of this
            Agreement shall not operate or be construed as a waiver of any
            subsequent or similar breach.

      11.11 AMENDMENT. This Agreement may only be amended by written agreement
            executed by all of the parties.

      11.12 NUMBER AND GENDER. The terms used in this Agreement, regardless of
            the number and gender in which they are used, shall be construed to
            include the other number (singular or plural), and the other genders
            (masculine, feminine or neuter), as the context or sense of this
            Agreement or any paragraph or clause may require.

      11.13 AMBIGUITY. Each of the parties acknowledges that they and their
            counsel have reviewed this Agreement and suggested changes to its
            language. Therefore, any rule of construction that any ambiguity
            shall be construed against the drafter of this Agreement shall not
            apply in interpreting the provisions of this Agreement.

      11.14 WAIVER OF JURY TRIAL: THE PARTIES ACKNOWLEDGE THAT THE RIGHT TO
            TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED.
            EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO
            CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY AND VOLUNTARILY,
            AND FOR THEIR MUTUAL BENEFIT WAIVES ANY RIGHT TO TRIAL BY JURY IN
            THE EVENT OF ANY LITIGATION REGARDING THE PERFORMANCE OR ENFORCEMENT
            OF, OR IN ANY WAY RELATED TO: (i) THIS AGREEMENT; OR (ii) ANY OF THE
            TRANSACTIONS OR OTHER AGREEMENTS CONTEMPLATED BY THIS AGREEMENT.

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      11.15 MUTUAL RELEASE. At Closing, and as a condition to closing, the
            parties shall execute and deliver to each other a Mutual Release in
            the form attached as Exhibit M to this Agreement.

                            [SIGNATURES ON NEXT PAGE]

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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first above written.

SELLER:                                   BUYER:

ELITE AUTOMOTIVE GROUP, LLC               ALL NIGHT AUTO OF OKLAHOMA, INC.

By: __________________________________    By: _________________________________
    Stephen J. Stearman, Sole Manager         Nicholas A. Cocco, President

MEMBERS:                                  GUARANTORS:

                                          MIDNIGHT HOLDINGS GROUP, INC.,
_____________________________________     a Delaware Corporation
Stephen J. Stearman, Individually

                                          By: ________________________________
_____________________________________         Nicholas A. Cocco
Paula L. Stearman, Individually               President, Chairman & CEO

                                          ALL NIGHT AUTO STORES, INC.,
_____________________________________     a Michigan Corporation
James C. Brunson, Individually

                                          By: ________________________________
                                              Nicholas A. Cocco
                                              President

                                          MIDNIGHT AUTO FRANCHISE CORP.,
                                          a Michigan Corporation,

                                          By: ________________________________
                                              Nicholas A. Cocco,
                                              President

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                                   APPENDIX A
                                   DEFINITIONS

      The following terms as used in this Agreement have the meanings set forth
below unless the context requires otherwise:

ACCOUNTS RECEIVABLE means all of the notes and accounts receivable and all other
receivables of Seller which are related to the Business.

ADDITIONAL AGREEMENTS shall mean the Leases, the Employment Agreement, any
exhibits to those agreements and any other agreements between or among the
parties related to the Contemplated Transactions other than this Agreement.

AGREEMENT means this Agreement, including all schedules and exhibits.

ASSIGNMENTS has the meaning set forth in Section 9.2.

ASSUMED CONTRACTS has the meaning set forth in Section 1.1. (f).

ASSUMED LIABILITIES has the meaning set forth in Section 2.1.

BILL OF SALE has the meaning set forth in Section 9.1(a).

BUSINESS has the meaning set forth in the Recitals.

BUSINESS DAY shall mean any day when national banks are open for business,
excluding a Saturday, Sunday or a public holiday under the laws of the State of
Michigan.

BUSINESS RECORDS means all sales and business records, personnel records of
Seller's employees, credit records of Seller's customers, customer lists,
supplier lists, advertising and promotional materials, financial and marketing
information, pricing and cost information and all other books and records of
every kind and nature used in connection with or related to the Business or the
Purchased Assets or the Leased Assets.

BUYER INDEMNIFIED PARTIES has the meaning set forth in Section 10.1.

BUYER has the meaning set forth in the preamble to this Agreement.

BUYER'S KNOWLEDGE means the Knowledge of the Buyer, its chief executive officer,
and any other individual signing this Agreement on its behalf. A Person will be
deemed to have Knowledge of a particular fact or other matter if: (i) that
individual is actually aware of the fact or matter; or (ii) a prudent individual
could be expected to discover or otherwise become aware of that fact or matter
in the course of conducting a reasonably comprehensive investigation regarding
the fact.

CLAIM has the meaning set forth in Section 10.1. (a)

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CLOSING STATEMENT means a written statement setting forth the Purchase Price and
such other matters as the parties may deem appropriate.

COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended.

CODE means the Internal Revenue Code of 1986, as amended.

CONSIDERATION has the meaning set forth in Section 3.1.

CONTEMPLATED TRANSACTIONS means those transactions contemplated to be
consummated in this Agreement.

CONTRACTS means written or oral contracts, subcontracts, agreements,
commitments, leases or other instruments to which Seller is bound relating to
the Business or the Purchased Assets or Leased Assets.

DAMAGES has the meaning set forth in Section 10.1.

DISPUTE RESOLUTION PROCEDURES means the procedures set forth in Exhibit A.

EMPLOYEE BENEFIT PLAN means and includes any Pension Plan, Welfare Plan and any
bonus, profit-sharing, severance, deferred compensation, annuity, retirement,
stock option, stock purchase, executive compensation, incentive compensation,
educational assistance, fringe benefit, insurance or other plan or arrangement
whether oral or written providing benefits to a current or former employee,
director or consultant of Seller.

ENVIRONMENT LAWS means any and all international, federal, state, and local
statutes, laws, rules, regulations, ordinances, orders, common law, and similar
provisions having the force or effect of law, concerning public health or
safety, worker health or safety or pollution or protection of the environment,
resource conservation, air contamination, water and/or groundwater
contamination, soil or sediment contamination, Hazardous Substances, solid or
hazardous wastes or residues as such Environmental Laws may be amended from time
to time, including but not limited to, the Clean Air Act, 42 U.S.C. Section 7401
et seq., the Clean Water Act, 33 U.S.C. Section 1251 et seq., the Resource
Conservation Recovery Act ("RCRA"), 42 U.S.C. Section 6901 et seq., the Toxic
Substances Control Act, 15 U.S.C. Section 2601 et seq., and the Comprehensive
Environmental Response, Compensation and Liability Act ("CERCLA"), 42 U.S.C.
Section 9601 et seq. the Superfund Amendments and Reauthorization Act, the Solid
Waste Amendments of 1984, the Safe Drinking Water Act, the Occupational Safety
and Health Act, the Emergency Planning and Community Right-to-Know Act of 1986,
the Federal Insecticide, Fungicide and Rodenticide Act, the Atomic Energy Act of
1954, the Energy Reorganization Act and the Oil Pollution Act of 1990, whether
currently in existence or hereafter enacted or which govern: (i) the existence,
cleanup, removal and/or remedy of contamination or threat of contamination on or
about owned or leased real property; (ii) the emission or discharge of Hazardous
Materials into the environment; (iii) the control of Hazardous Materials; or
(iv) the use, generation, transport, treatment, storage, disposal, removal,
recycling, handling or recovery of Hazardous Materials, including building
materials.

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ERISA means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and all applicable rules, regulations and guidance promulgated
under it

EXCLUDED ASSETS has the meaning set forth in Section 1.2.

EXCLUDED LIABILITIES shall mean:

      (a) any liabilities under the Contracts and Licenses which have arisen or
accrued and pertain to a period prior to the Closing Date, including, without
limitation, the liability for the payment of any amounts due and payable or
accrued but not yet due or payable prior to the Closing Date under the Contracts
and Licenses; and

      (b) the payment of all Taxes due and payable or accrued but not yet paid
(including, without limitation, month end sales taxes) prior to the Closing
Date; and

      (c) any liabilities arisen or accrued prior to the Closing Date pertaining
to the employment of any employees of Seller, including the payment of any
compensation, accrued paid time off, sick time, personal days and any amounts
accrued under any employee benefit or welfare plan of the Seller; and

      (d) any claim for personal injury or property damage to a Person which is
based on any event which occurred at the Business or in connection with the
Business prior to the Closing Date; and,

      (e) any liabilities (including costs of cleanup, containment or other
remediation) arising prior to the Closing Date from or in connection with any
environmental health or safety liabilities and/or environmental claims arising
out of or relating to (i) the ownership or operation by Seller of any of the
Assets, or (ii) any bodily injury (including illness, disability and death,
regardless of when any bodily injury occurred, was incurred or manifested
itself), personal injury, property damage (including trespass, nuisance,
wrongful eviction and deprivation of the use of real property) or other damage
of or to any Person or any assets in any way arising from or allegedly arising
from any hazardous activity conducted by Seller with respect to the Business,
that was present or suspected to be present on or before the Closing Date on or
at the Business, or was released or allegedly released by Seller on or at the
Business at any time on or prior to the Closing Date.

FINANCIAL STATEMENTS has the meaning set forth in Section 4.3.

FIXED ASSETS means all furniture, fixtures and other fixed assets used in
connection with the Business.

GAAP means generally accepted accounting principles set forth in the opinions
and pronouncements of the Accounting Principles Board and the American Institute
of Certified Public Accountants and statements and pronouncements of the
Financial Accounting Standards Board or in such other statements by such other
Persons as may be approved by a significant segment of the accounting
profession, which are applicable to the circumstances as of the date of
determination and which are applied on a consistent basis.

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GOODWILL means the goodwill and all other intangible assets associated with the
Business.

GOVERNING DOCUMENTS means, with respect to any Person, the articles of
incorporation, articles of organization, partnership certificates, bylaws,
partnership agreement or other organizational or governing documents of such
Person.

GOVERNMENTAL AUTHORITY means any nation or government, any state or other
political subdivision, and any entity exercising executive, legislative,
judicial, regulatory or administrative functions or pertaining to government.

GUARANTORS' KNOWLEDGE means the Knowledge of the Guarantors, their chief
executive officer, and any other individual signing this Agreement on their
behalf. A Person will be deemed to have Knowledge of a particular fact or other
matter if: (i) that individual is actually aware of the fact or matter; or (ii)
a prudent individual could be expected to discover or otherwise become aware of
that fact or matter in the course of conducting a reasonably comprehensive
investigation regarding the fact.

HAZARDOUS MATERIALS means any material or substance: (i) which is or becomes
defined as a "hazardous substance", "pollutant" or "contaminant" pursuant to
CERCLA and amendments thereto and regulations promulgated thereunder; (ii)
containing gasoline, oil, diesel fuel or other petroleum products, or fractions
thereof; (iii) which is or becomes defined as a "hazardous waste" pursuant to
RCRA and amendments thereto and regulations promulgated thereunder; (iv)
containing polychlorinated biphenyls (PCBs); (v) containing asbestos; (vi) which
is radioactive, including but not limited to radon and other radioactive
elements, ionizing radiation, electromagnetic field radiation and other
non-ionizing radiation; (vii) which is a pesticide, fungicide, fertilizer or
defoliant; (viii) which is biologically hazardous, infectious carcinogenic,
mutagenic or etiologic; (ix) the presence of which requires investigation or
remediation under any federal, state or local statute, regulation, ordinance or
policy; (x) which is or becomes defined as a "hazardous waste", "hazardous
substance", "pollutant" or "contaminant" or other such terms used to define a
substance having an adverse effect on the environment under any federal, state
or local statute, regulation or ordinance; (xi) any toxic, flammable, explosive,
dangerous, corrosive or otherwise hazardous substance, material or waste which
is or becomes regulated by any federal, state or local governmental authority;
or (xii) which causes a nuisance upon or waste to real property.

INDEMNIFICATION NOTICE has the meaning set forth in Section 10.3.

INDEMNIFIED PARTY has the meaning set forth in Section 10.3.

INDEMNIFYING PARTY has the meaning set forth in Section 10.3.

INTELLECTUAL PROPERTY means all patents, patent applications, trademarks,
trademark applications and registrations, trade names, service marks, services
names, copyrights, copyright applications and registrations, domain names and
sites, commercial and technical trade secrets, engineering, production and other
designs, drawings, specifications, formulae, technology, Seller's licenses to
use computer and electronic data processing programs and software with the
associated backup disks, inventions, processes, know-how, confidential
information and other proprietary property

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rights and interests used in connection with the operation of or related to the
Business or the Purchased Assets or Leased Assets.

INVENTORIES means all inventories of or relating to the Business, regardless of
nature or kind, including inventories of raw materials and supplies, and goods
and work-in-process.

LABOR LAWS shall mean applicable federal, state, and local employment and labor
laws and regulations regarding employees, labor and employment practices, and
terms and conditions of employment, including but not limited to the National
Labor Relations Act of 1947, as amended, the Fair Labor Standards Act, as
amended, the Equal Pay Act of 1963, as amended, Title VII of the Civil Rights
Act of 1964, as amended, the Age Discrimination in Employment Act of 1967, as
amended, The Immigration Reform and Control Act of 1986, as amended, the Civil
Rights Act of 1866, 42 U.S.C. Sec. 1981 & 1983, as amended, The Occupational
Safety & Health Act, as amended, the Rehabilitation Act of 1973, as amended, the
Employee Retirement Income Security Act of 1974, as amended, Executive Order
11246, the Vietnam Era Veterans' Readjustment Assistance Act of 1974, as
amended, the Drug Free Workplace Act of 1986, as amended, the Worker Adjustment
and Retraining Notification Act of 1988, as amended, and the Family and Medical
Leave Act of 1993, as amended, and all similar or related state and local
statues and regulations.

LEASED PREMISES shall have the meaning set forth in the Recitals.

LEASEHOLD IMPROVEMENTS shall mean all improvements, additions, trade fixtures,
and similar items, that are made or installed at any of the Business locations
identified in Recital B.

LEASES shall have the meaning set forth in Section 7.11.

LIENS means any liens, encumbrances, mortgages, security interests, pledges,
restrictions, infringements, judgments, defects of title, adverse rights or
interests, options, voting trust, warrants and charges and claims of any kind
whatsoever, whether legal or equitable.

LICENSES means all foreign, federal, state and local Governmental franchises,
permits, licenses, certificates or other authorizations held by Seller, or
applied for by or on Seller's behalf, in connection with the Business or the
Purchased Assets or Leased Assets.

LIMITED LIABILITY COMPANY RECORDS means Seller's minute books, record books,
unit books, equity ownership records, and other records of Seller relating to
its organization and existence

LITIGATION RIGHT means all claims and rights concerning any Proceeding in
connection with or with respect to the Business or the Purchased Assets or the
Leased Assets in which Seller is a claimant.

MACHINERY AND EQUIPMENT means all equipment, machinery, office equipment and
vehicles used in connection with or related to the Business or the Purchased
Assets or Leased Assets.

MATERIAL ADVERSE EFFECT means any reasonable likelihood, singly or in the
aggregate, of materially and adversely affecting the financial condition,
operations, assets, business or

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properties of the Seller or the Buyer and the Guarantors, as the respective case
may be, taken as a whole.

MATERIAL CONTRACT means any Contract that cannot be terminated by Seller without
liability on not more than 20 days notice or that requires payments to or from
Seller aggregating $5,000 or more, including without limitation, any agreement
to provide services or materials or to acquire any assets or properties and all
material third party warranties and claims for warranties relating to the
Business or the Purchased Assets or the Leased Assets.

MOST RECENT BALANCE SHEET has the meaning set forth in Section 4.3.

NON-ASSIGNABLE CONTRACT has the meaning set forth in Section 6.2.

ORDER means any order, ruling, decree, judgment or stipulation to which Seller,
Buyer or a Guarantor is a party or by which Seller, Buyer or a Guarantor or any
of the Purchased Assets or Leased Assets are bound, by or with any Governmental
Authority.

PENSION PLAN means any employee pension benefit plan as defined in Section 3(2)
of ERISA.

PERSON means a natural person or any legal or commercial entity, including,
without limitation, a corporation, general partnership, joint venture, limited
partnership, limited liability company, trust, business association, trust or
any person acting in a representative or fiduciary capacity.

PREPAID EXPENSES means all prepaid expenses, deposits, advance payments, claims
for refunds, credits and the like, including postal and utility deposits, if
any, and other prepaid items relating to the Business or the Purchased Assets or
Leased Assets.

PROCEEDING means action, cause of action, claim, demand, suit, proceeding,
citation, summons, subpoena, inquiry or investigation of any nature, civil,
criminal, regulatory or otherwise, in law or in equity, by or before any court,
tribunal, arbitrator or other Governmental Authority or quasi-governmental
authority.

PURCHASED ASSETS has the meaning set forth in Section 1.1.

REAL PROPERTY means the buildings and real estate upon which the Norman and
Yukon stores are located.

REQUIRED STATUTORY APPROVAL means all required filings or approvals from
applicable federal or state environmental or other Governmental Authorities,
public service commissions and public utility commissions.

REQUIREMENTS OF LAW means, with respect to any Person, the Governing Documents
of such Person and any statute, law, treaty, rule, regulation, order or
determination of an arbitrator or a court or other Governmental Authority, in
each case applicable to or binding upon such Person or any of its property or to
which such Person or any of its property is subject, including without
limitation Environmental Laws.

SELLER INDEMNIFIED PARTIES has the meaning set forth in Section 10.2.

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SELLER has the meaning set forth in the preamble to this Agreement.

SELLER'S KNOWLEDGE means the Knowledge of the Members. A Person will be deemed
to have Knowledge of a particular fact or other matter if: (i) that individual
is actually aware of the fact or matter; or (ii) a prudent individual could be
expected to discover or otherwise become aware of that fact or matter in the
course of conducting a reasonably comprehensive investigation regarding the
fact.

MEMBERS has the meaning set forth in the preamble to this Agreement.

TANGIBLE ASSETS has the meaning set forth in Section 4.11

TAX means any federal, state, province, local, or foreign income, gross
receipts, license, payroll, employment, excise, severance, stamp, occupation,
premium, windfall profits, environmental, customs duties, capital stock,
franchise, profits, withholding, social security (or similar), unemployment,
disability, transfer, service, goods and services, net worth, real property,
personal property, excise, ad valorem, sales, use, transfer, registration, value
added, alternative or add-on minimum, estimated, or other tax of any kind
whatsoever, imposed by any Governmental Authority including without limitation,
any interest, penalty, addition, charges, fees, fines, levies or other
assessments, associated with any Tax or with respect thereto, whether disputed
or not.

TAX RETURN means any return, declaration, election, report, notice, claim for
refund, declaration of estimated Taxes, or information return or statement
relating to the determination, assessment, collection, payment, administration,
implementation or enforcement of any Taxes, including any schedule or
attachment, and including any amendment.

THIRD PARTY CLAIM has the meaning set forth in Section 10.3.

WARRANTIES means all warranties, guaranties and assurances provided in respect
of any of the Purchased Assets or Leased Assets.

WARN ACT means the Worker's Adjustment and Retraining Notification Act, 29
U.S.C. Section 2101, et seq., and any similar state and local laws, as amended
from time to time, and any regulations, rules and guidance issued pursuant
thereto.

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                                    EXHIBIT A

                             COVENANT NOT TO COMPETE

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                                    EXHIBIT B

                                PROMISSORY NOTE

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                                    EXHIBIT C

                              EMPLOYMENT AGREEMENT

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                                    EXHIBIT D

                                  LEASE-NORMAN

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                                    EXHIBIT E

                                  LEASE-YUKON

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                                    EXHIBIT F

                                LEASE-WARR ACRES

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                                    EXHIBIT G

                                  BILL OF SALE

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                                    EXHIBIT H

                        ASSIGNMENT OF INSURANCE POLICIES

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                                    EXHIBIT I

                               CLOSING STATEMENT

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                                    EXHIBIT J

                    OPINION OF COUNSEL - SELLER AND MEMBERS

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                                    EXHIBIT K

                    OPINION OF COUNSEL - BUYER AND GUARANTORS

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                                    EXHIBIT L

                          DISPUTE RESOLUTION PROCEDURES

            This Exhibit L sets forth the procedure for resolving disputes
      relating to or arising out of any provision of the Asset Purchase
      Agreement between Elite Automotive Group, LLC (Seller) and All Night Auto
      of Oklahoma, Inc. (Buyer) dated March 30, 2007 (the "Agreement"), as
      prescribed pursuant to Section 11.2 of the Agreement. This Exhibit L forms
      a part of and is subject to the provisions of the Agreement. All
      capitalized terms used, but not defined, in this Exhibit L have the same
      meanings as in the Agreement.

1. DIRECT NEGOTIATION. If a dispute arises out of or relates to this Agreement,
or its breach, the parties agree first to try in good faith to settle the
dispute through direct negotiations. Promptly on notification of any such
dispute, each party will designate one or more representatives and such
representatives will meet promptly in an effort to resolve the dispute.

2. MEDIATION. If the dispute is not resolved by direct negotiation within thirty
(30) days after the date of the first meeting, then any party to the dispute can
submit the dispute to non-binding mediation under the Commercial Mediation Rules
("Mediation Rules") of the American Arbitration Association ("AAA") then in
effect. If the dispute is submitted to mediation, the parties agree to try in
good faith to settle the dispute by using a Neutral Mediator who will assist the
parties in reaching a settlement of the dispute by facilitating negotiations
between or among them. The Neutral Mediator will be chosen pursuant to the
Mediation Rules, will participate impartially in the negotiations, and will
advise and consult with the parties involved. During the course of the mediation
proceedings, all fees to be paid to the mediator, and all expenses incurred by
the mediator in connection with the arbitration, shall be borne equally by the
parties. However, the mediator shall award all costs, expenses and fees
including, without limitation, the mediator's costs, expenses and fees and the
prevailing party's reasonable attorneys' fees to the party prevailing in the
arbitration as a part of any award.

3. ARBITRATION.

If the dispute is not resolved by direct negotiation or mediation within ninety
(90) days after mediation was begun, or sooner if mediation is terminated
pursuant to the Mediation Rules, then any party to the dispute can submit the
dispute to binding arbitration under the Commercial Arbitration Rules (the
"Arbitration Rules") of the AAA then in effect.

A single arbitrator (the "Arbitrator"), mutually agreed upon by the parties
shall preside over such proceedings and shall make all decisions with respect to
the resolution of the dispute. If the parties are unable to agree on an
Arbitrator within fifteen (15) days after either party has filed for arbitration
in accordance with the Arbitration Rules, they shall select a neutral arbitrator
in accordance with the Arbitration Rules for the selection of neutral
arbitrators who shall be the "Arbitrator" for purposes of these Dispute
Resolution Procedures.

In connection with the arbitration, the parties shall be entitled to reasonable
levels of discovery (as determined by the Arbitrator in his or her sole
discretion) in accordance with the Federal Rules of Civil Procedure.

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The parties acknowledge that it is their intent to expedite the resolution of
the dispute and that they shall instruct the Arbitrator to schedule the time of
the hearing consistent with that intent. The arbitration will be governed by the
United States Arbitration Act, 9 U.S.C., Sections 1 - 16, and judgment upon the
award rendered by the Arbitrators may be entered by any court having
jurisdiction.

The Arbitrator is not empowered to award damages in excess of actual damages,
including punitive damages. The Arbitrator will make written findings of fact
and conclusions of law, and the decision of the Arbitrators will be final.

During the course of the arbitration proceedings, all fees to be paid to the
Arbitrator, and all expenses incurred by the Arbitrator in connection with the
arbitration, shall be borne equally by the parties. However, the Arbitrator
shall award all costs, expenses and fees including, without limitation, the
Arbitrator's costs, expenses and fees and the prevailing party's reasonable
attorneys' fees to the party prevailing in the arbitration as a part of any
award.

4. LOCATION. Except with respect to the Leases, the place of any mediation or
arbitration will be Oakland County, Michigan.

5. EXTENSIONS. All deadlines specified in this Exhibit L may be extended by
mutual agreement.

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                                    EXHIBIT M

                         MUTUAL RELEASE AND SATISFACTION

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