ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 2nd, 2011 • Penske Automotive Group, Inc. • Retail-auto dealers & gasoline stations • Michigan
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is dated as of June 16, 2011 between smart USA Distributor LLC, a Delaware limited liability company (“smart USA”), and Daimler Vehicle Innovations USA LLC, a Delaware limited liability company (“DVIUSA”).
RELOCATION AGREEMENTRelocation Agreement • August 2nd, 2011 • Penske Automotive Group, Inc. • Retail-auto dealers & gasoline stations
• I understand that the relocation benefits that have been and/or are extended by my employer to me are conditional upon my continued employment with my employer for a minimum of three (3) years from the date hereof (“the transfer date”). Relocation benefits shall consist of a lump sum payment of four hundred thousand dollars ($400,000). Employee shall be responsible for any and all taxes associated with the relocation benefits. This sum shall constitute full and total reimbursement for costs associated with my relocation from New Jersey to Michigan.
