PORSCHE
SALES AND SERVICE AGREEMENT
Parties and Date
Effective Date of Agreement ______________________, 19___
Between SK Motors, Ltd., Inc.
Doing Business as Scottsdale Porsche
located at 0000 Xxxx XxXxxxxx Xx.
Xxxxxxxxxx, Xxxxxxx 00000
A corporation in the state of Arizona , partnership ____
or proprietorship ________________; and Porsche Cars North
America, Inc., a Delaware corporation with its primary place of business at 000
Xxxx Xxxxxxx Xxxxxx, Xxxx, Xxxxxx 00000.
THE ADDITIONAL TERMS AND CONDITIONS OF THE ADDENDUM ATTACHED HERETO AS EXHIBIT
"A" HEREBY IS MADE A PART OF THIS AGREEMENT.
Section I. SPECIFIC TERMS
Porsche America enters into this Agreement relying on the following
Dealer representations:
A) The following individual(s) is the Dealer Principal:
Name Home Address %Interest Title
---- ------------ --------- -----
Xxxxxx Xxxxxxxxxxxxx 19% President
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
B) The following individual(s) has ownership in Dealer accounting for the entire
remaining equity ("Owner(s)").
Name Home Address %Interest
---- ------------ ---------
United Auto Group West, Inc. 81%
(United Auto Group, Inc. - 100% - 000 Xxxx Xxxxxx, Xxx Xxxx,
XX 10022) Refer to the addendum attached hereto for ownership
restrictions
C) The following person is the General Manager of the Dealer with
managerial authority for Dealer operations and is responsible directly
to (or is) the Dealer Principal:
Name Home Address Title
---- ------------ -----
Xxxxxx X. Xxxxxxxx
________________________________________________________________________________
________________________________________________________________________________
D) Dealer will conduct the sale and service of Porsche Products at the following
address ("Dealership Location"):
Sales 0000 Xxxx XxXxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
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Service 0000 Xxxx XxXxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
E) Porsche America grants to Dealer the non-exclusive right to purchase Porsche
Products from Porsche America for resale to consumers. Dealer accepts such grant
and undertakes to apply its best efforts to the development of such resale. The
Dealer's Primary Area of Responsibility is:
Scottsdale, Arizona
F) Dealer acknowledges that Porsche America will periodically establish minimum
sales and service objectives based principally on the penetration of Porsche
Products in the Primary Area of Responsibility and that performance against
those objectives will be a critical feature of Sales and Service Reports. G)
Dealer acknowledges that Porsche America will periodically establish Dealer
minimum operating standards deemed necessary to provide owners and potential
owners of Porsche Products a level of total service commensurate with the
reputation of Porsche Automobiles and to attain the sales and service objectives
established.
H) This Agreement shall expire in accordance with its terms on the
close of the last business day preceding the first anniversary of the Effective
Date of Agreement unless terminated prior thereto in accordance with one or more
of the terms of Section II. If, however, as of the expiration date, Porsche Cars
North America, Inc. has not entered into a new and superseding Sales and Sevice
Agreement with Dealer and if no notice to terminate the Agreement has been given
pursuant to Section II,
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then, in that event, the Agreement will be extended one additional year so that
it shall expire at the close of the last business day preceding the second
anniversary of the Effective Date of Agreement unless terminated prior thereto
in accordance with one or more of the terms of Section II.
In witness whereof, Porsche America and Dealer have executed this Sales and
Service Agreement with an effective date of Agreement as stated on the Parties
and Date page of this Agreement.
Porsche Cars North America, Inc. SK Motors Ltd., Inc.
Name Xxxxxxx X. Xxxx Name ___________________
Title Senior Vice President Title __________________
Signature _______________________ Signature ______________
Date ____________________________ Date____________________
