PURCHASE AND SALE AGREEMENT by and among THE SELLERS IDENTIFIED HEREIN and ASBURY AUTOMOTIVE GROUP, L.L.C. Dated as of September 7, 2023Purchase and Sale Agreement • September 8th, 2023 • Asbury Automotive Group Inc • Retail-auto dealers & gasoline stations • Delaware
This PURCHASE AND SALE AGREEMENT (this “Agreement”) dated as of September 7, 2023 (the “Signing Date”), is entered into by and among Asbury Automotive Group, L.L.C., a Delaware limited liability company (“Buyer”), Koons Ford, Inc., a Virginia corporation (“Koons Ford”), Koons Ford of Baltimore, Inc., a Maryland corporation (“Koons Ford of Baltimore”), Herndon Motor Co., Inc., a Virginia corporation (“Koons Sterling Ford”), Koons of Annapolis, Inc., a Maryland corporation (“Koons of Annapolis Toyota”), Koons of Owings Mills, Inc., a Maryland corporation (“Volvo Cars White Marsh”), Koons Chevrolet, Inc., a Maryland corporation (“Koons Chevrolet”), Koons of Westminster, Inc., a Maryland corporation (“Koons Westminster Toyota”), Koons of Tysons Corner, Inc., a Virginia corporation (“Koons Tysons Corner”), Kline Tysons Imports, Inc., a Virginia, corporation (“Koons Tysons Toyota”), Kline Imports Arlington, Inc., a Virginia corporation (“Koons Arlington Toyota”), Kline Collision Repair Cente
