Document:

Exhibit 10.7

                                  BILL OF SALE

            This Bill of Sale dated as of March 30, 2007 (the "Bill of Sale") is
entered into by Elite Automotive Group, LLC (the "Seller"), in favor of All
Night Auto of Oklahoma, Inc. (the "Purchaser").

            Capitalized terms used herein without definition shall have the
respective meanings set forth in the Purchase Agreement (as defined below).

            The Seller, the Purchaser, and others have entered into an Asset
Purchase Agreement dated as of March 30, 2007 (the "Purchase Agreement"),
pursuant to which the Seller has agreed to sell, transfer, assign, convey and
deliver to the Purchaser, and the Purchaser has agreed to purchase and accept
from the Seller, the Purchased Assets upon the terms and conditions set forth
therein.

            In consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
intending to be legally bound, the Seller and the Purchaser hereby agree as
follows:

            1. Pursuant to the terms and conditions of the Purchase Agreement,
the Seller hereby sells, transfers, assigns, conveys and delivers to the
Purchaser, free and clear of all Liens, all of the Seller's right, title and
interest in and to the Purchased Assets.

            2. The Seller agrees to execute and deliver all such other
instruments of conveyance, and do all as shall, in the reasonable opinion of the
Purchaser, be necessary to transfer to the Purchaser, the Purchased Assets in
accordance with the terms of the Purchase Agreement.

            3. This Bill of Sale is subject to the terms and conditions of the
Purchase Agreement. The representations, warranties, covenants, agreements and
obligations of the Seller contained in the Purchase Agreement are incorporated
herein by reference and constitute an integral part of this Bill of Sale and
shall survive the execution and delivery hereof to the extent provided therein.

            4. This Bill of Sale shall be governed by, and construed in
accordance with, the laws of the State of Michigan, applicable to contracts
executed in and to be performed entirely within that state.

            5. This Bill of Sale and the terms and provisions hereof shall inure
to the benefit of and be binding upon the respective successors and assigns of
the Seller and the Purchaser.

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Bill of Sale - Elite Automotive Group, LLC to ANA Oklahoma, Inc.     Page 1 of 2

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            IN WITNESS WHEREOF, the Seller and the Purchaser have caused this
Bill of Sale to be executed the day and year first written above.

            SELLER:

            ELITE AUTOMOTIVE GROUP, LLC

            By: _________________________________

                Stephen J. Stearman, Sole Manager

            PURCHASER:

            ALL NIGHT AUTO OF OKLAHOMA, INC.

            By: _________________________________

                Nicholas A. Cocco, PresidentExhibit 10.8

                       ASSIGNMENT AND ASSUMPTION AGREEMENT

            This Assignment and Assumption Agreement dated as of March 30, 2007
(the "Assignment/Assumption") is entered into by Elite Automotive Group, LLC
(the "Seller"), in favor of All Night Auto of Oklahoma, Inc. (the "Purchaser").

            Capitalized terms used herein without definition shall have the
respective meanings set forth in the Purchase Agreement (as defined below).

            The Seller, the Purchaser, and others have entered into an Asset
Purchase Agreement dated as of March 30, 2007 (the "Purchase Agreement"),
pursuant to which the Seller has agreed to sell, transfer, assign, convey and
deliver to the Purchaser, and the Purchaser has agreed to assume certain
liabilities and obligations of Seller.

            In consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
 to be legally bound, the Seller and the Purchaser hereby agree as
follows:

            1. Pursuant to the terms and conditions of the Purchase Agreement,
the Purchaser hereby assumes and agrees to pay, perform, discharge when due and
release in accordance with their respective terms, and the Seller hereby assigns
to the Purchaser, the Assumed Liabilities and no other debts, liabilities or
obligations.

            2. Pursuant to the terms and conditions of the Purchase Agreement,
the Seller hereby retains and agrees to pay, perform, discharge when due and
release in accordance with their respective terms, all of the Excluded
Liabilities.

            3. This Assumption Agreement is subject to the terms and conditions
of the Purchase Agreement. The representations, warranties, covenants,
agreements and obligations contained in the Purchase Agreement are incorporated
herein by reference and constitute an integral part of this Assumption Agreement
and shall survive the execution and delivery hereof to the extent provided
therein.

            4. This Assumption Agreement shall be governed by, and construed in
accordance with, the laws of the State of Michigan, applicable to contracts
executed in and to be performed entirely within that state.

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Assignment and Assumption Agreement -
Elite Automotive Group, LLC and ANA Oklahoma, Inc.                   Page 1 of 2

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            IN WITNESS WHEREOF, the parties hereto have caused this Assumption
Agreement to be executed the day and year first written above.

            SELLER:

            ELITE AUTOMOTIVE GROUP, LLC

            By: _________________________________

                Stephen J. Stearman, Sole Manager

            PURCHASER:

            ALL NIGHT AUTO OF OKLAHOMA, INC.

            By: _________________________________

                Nicholas A. Cocco, President

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Assignment and Assumption Agreement -
Elite Automotive Group, LLC and ANA Oklahoma, Inc.                   Page 2 of 2Exhibit 10.9

                                    EXHIBIT B

                                 PROMISSORY NOTE

$[*]                                                  Clinton Township, Michigan
                                                                  March 30, 2007

      FOR VALUE RECEIVED, the undersigned, ALL NIGHT AUTO OF OKLAHOMA, INC., a
Michigan corporation ("Borrower"), promises to pay to the order of ELITE
AUTOMOTIVE GROUP, LLC, an Oklahoma limited liability company ("Lender"), at the
address set forth below, the principal sum of [*] ($[*]) Dollars. Except as
otherwise set forth in this Promissory Note ("Note"), no interest shall accrue
on the principal amount of this Note. Principal and interest, if any, shall be
paid by the Borrower in lawful money of the United States of America at Lender's
address shown below, or at such other address as the Lender may designate in
writing to the Borrower.

      PAYMENT. Principal shall be paid by the Borrower in consecutive quarterly
installments on the (15th) day of each calendar quarter after the date of this
Note and any remaining outstanding principal and interest shall be due and
payable on March 30, 2012 (the "Maturity Date"). Payments of principal shall be
the greater of (i) [*] dollars ($[*]) or, (ii) during the period that Stephen J.
Stearman is employed by Midnight Holdings Group, Inc. or any of its affiliates,
an amount equal to [*] percent ([*]%) of the Gross Sales (as defined hereafter)
of the "Warr Acres," "Norman" and "Yukon" businesses (as those terms are defined
in the Asset Purchase Agreement entered into on the date hereof between and
among the Borrower, Lender, the undersigned Guarantors and others, referred to
herein as the "Asset Purchase Agreement")(collectively, the "Locations");
provided, however, no such quarterly payments shall be greater than the
then-outstanding principal balance of this Note.

"Gross Sales" shall mean the total amount of cash received during the calendar
quarter just completed from customers of the Locations, less any refunds,
returns, reserves for warranty or repairs, and sales taxes.

      PREPAYMENT. The Borrower shall have the right at any time to prepay the
principal balance hereof without penalty in whole or in part.

      DEFAULT. The occurrence of any of the following events shall be deemed an
Event of Default hereunder:

            a. The failure of the Borrower to make any payment of any
      installment of principal or any other payment required under this Note
      within five (5) days of the due date and the corresponding failure of the
      undersigned Guarantors (the "Guarantors") to make such payment within
      fifteen (15) Business Days of written notice.

<PAGE>

            b. The Borrower or any of the Guarantors: (a) executes an assignment
      for the benefit of creditors or takes any action in furtherance thereof;
      or (b) admits in writing its inability to pay its debts generally as they
      become due; or (c) as a debtor, files a petition, case, proceeding, or
      other action pursuant to, or voluntarily seeks the benefits of, any debtor
      relief law or takes any action in furtherance thereof; or (d) seeks,
      acquiesces to, or suffers the appointment of a receiver, trustee, or
      custodian of the Borrower or any of the Guarantors or any property
      belonging to the Borrower or any of the Guarantors; or (e) voluntarily
      becomes a party to any proceeding seeking to effect a suspension or having
      the effect of suspending any of the rights of the Lender granted or
      referred to herein or takes any action in furtherance thereof.

            c. The filing of a petition, case, proceeding, or other action
      against the Borrower or any of the Guarantors as a debtor under any debtor
      relief law, or seeking appointment of a receiver, trustee, or custodian of
      the Borrower or any of the Guarantors or of any property belonging to the
      Borrower or any of the Guarantors, or seeking to effect suspension or
      having the effect of suspending any of the rights of the Lender granted or
      referred to herein, and: (a) the Borrower or any of the Guarantors admits,
      acquiesces in, or fails to contest the material allegations thereof; or
      (b) the petition, case, proceeding, or other action results in entry of an
      order for relief or order granting the relief sought against the Borrower
      or any of the Guarantors; or (c) the petition, case, proceeding, or other
      action against the Borrower or any of the Guarantors is not permanently
      dismissed on or before the earlier of trial thereon or sixty (6) days next
      following the date of its filing.

            d. The Borrower or any of the Guarantors breaches any of the terms,
      conditions, covenants, representations, or warranties contained in any of
      the Additional Agreements, except for the Employment Agreement (as those
      terms are defined in the Asset Purchase Agreement) and such breach is not
      cured within fifteen (15) Business Days of the Lender's written notice of
      such breach.

      A "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 Oklahoma.

      Time is of the essence of this Note. Upon the occurrence of any Event of
Default hereunder at the option of the Lender, without notice to the Borrower or
any of the Guarantors, the entire indebtedness evidenced hereby, together with
any unpaid interest, shall become immediately due and payable and may be
collected immediately. Upon the occurrence of any Event of Default and until
such Event of Default has been cured by the Borrower, at the option of the
Lender and without notice to the Borrower or any of the Guarantors, all accrued
and unpaid interest, if any, shall be added to the outstanding principal balance
hereof, and the entire outstanding principal balance, as so adjusted, shall bear
interest thereafter until paid at an annual rate equal to the lesser of twelve
percent (12%) per annum simple interest, or the maximum rate of interest allowed
to be charged under applicable law, regardless of whether or not the Lender has
opted to accelerate the payment of the outstanding indebtedness. All such
interest shall be paid at the time of and as a condition precedent to the curing
of any such Event of Default. The Borrower or any of the Guarantors further
promises to pay any and all costs of collecting the

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Promissory Note -
All Night Auto of Oklahoma, Inc. to Elite Automotive Group, LLC      Page 2 of 5

<PAGE>

amount due hereunder, including reasonable attorney fees. No delay on the part
of the Lender in the exercise of any of the aforesaid rights or remedies shall
operate as a waiver thereof, and no single or partial exercise of any right or
remedy by the Lender shall preclude the exercise of any other right or remedy.
Any remedy provided hereunder shall be in addition to all other remedies
available to Lender and such remedies shall be cumulative.

      SETOFF. This Note is issued in connection with the Asset Purchase
Agreement. Amounts due hereunder are subject to setoff against amounts (if any)
which the Lender/Seller may owe to the Borrower/Buyer under the Asset Purchase
Agreement.

      ASSIGNMENT. This Note and all rights and remedies of the Lender shall
inure to the benefit of the Lender's legal representatives, successors and to
any other holder who derives title to or interest in this Note, and shall bind
the Borrower and the Guarantors and their legal representatives, successors and
assigns.

      NOTICES. Any notice or other communications required or permitted
hereunder shall be sufficiently given if in writing and delivered personally or
sent by confirmed facsimile transmission, telex, telecopy or other wire
transmission (with request for confirmation in a manner typical with respect to
communications of that type), overnight air courier (postage prepaid), or
registered or certified mail (postage prepaid with return receipt requested)
addressed to the respective party as follows:

If to Lender:                              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 Borrower or any Guarantor:           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

Unless otherwise specified herein, notices shall be deemed received (a) on the
date delivered, if delivered personally, by wire transmission or confirmed
facsimile transmission; (b) on the next business day after deposit with an
overnight air courier; or (c) three (3) business days after being sent, if sent
by registered or certified mail.

      AMBIGUITY. The Borrower, the Lender and the Guarantors acknowledge and
agree that they have each contributed to the drafting of this Note, and
accordingly there shall arise no

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Promissory Note -
All Night Auto of Oklahoma, Inc. to Elite Automotive Group, LLC      Page 3 of 5

<PAGE>

presumption in favor of or against any party as a result of any ambiguity in the
language of this document.

      WAIVER. The Borrower and all endorsers, sureties and Guarantors hereby
jointly and severally waive presentment, demand for payment, notice of dishonor,
notice of protest, and protest, and all other notices or demands in connection
with the delivery, acceptance, performance, default, endorsement or guaranty of
this Note (except for any notice or grace period expressly provided in this
Note); and agree that no obligation hereunder shall be discharged by any
extension, indulgence or release given to Borrower or to any Guarantor or other
person or by the release or non-enforcement of any security or guaranty given in
connection herewith. Notwithstanding anything herein to the contrary, nothing
shall limit any rights granted to Lender by other instruments or by law.

      PARTIAL INVALIDITY. If any provision of this Note is held by a court of
competent jurisdiction to be invalid, void or unenforceable in any manner, the
remaining provisions of this Note shall nonetheless continue in full force and
effect without being impaired or invalidated in any way. In addition, if any
provision of this Note may be modified by a court of competent jurisdiction such
that it may be enforced, then that provision shall be so modified and as
modified shall be fully enforced.

      GOVERNING LAW. This Note is being executed and delivered in the State of
Michigan and shall be governed by and be construed in accordance with the laws
of the State of Michigan.

      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 THIS PROMISSORY NOTE.

                      [signatures appear on following page]

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Promissory Note -
All Night Auto of Oklahoma, Inc. to Elite Automotive Group, LLC      Page 4 of 5

<PAGE>

                                           "BORROWER"

                                           ALL NIGHT AUTO OF OKLAHOMA, INC.
                                           A Michigan Corporation

                                           By: ______________________________
                                                 Nicholas A. Cocco, President

                                    GUARANTY

The undersigned, MIDNIGHT HOLDINGS GROUP, INC., MIDNIGHT AUTO FRANCHISE
CORPORATION, and ALL NIGHT AUTO STORES, INC. (each individually a "Guarantor"
and collectively the "Guarantors"), each affiliates of the Borrower, hereby
guarantee the timely performance of all of the Borrower's obligations under this
Promissory Note.

GUARANTORS:

MIDNIGHT HOLDINGS GROUP, INC.,
a Delaware Corporation

By: ________________________________
    Nicholas A. Cocco
    President, Chairman & CEO

ALL NIGHT AUTO STORES, INC.,
a Michigan Corporation

By: ________________________________
    Nicholas A. Cocco
    President

MIDNIGHT AUTO FRANCHISE CORP.,
a Michigan Corporation,

By: ________________________________
    Nicholas A. Cocco,
    President

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