DEALERSHIP ASSET PURCHASE AGREEMENTDealership Asset Purchase Agreement • August 10th, 2021 • LMP Automotive Holdings, Inc. • Retail-auto dealers & gasoline stations • New York
This DEALERSHIP ASSET PURCHASE AGREEMENT (this “Agreement”) is effective as of August 5, 2021 (the “Effective Date”), and is among LMP Yonkers Kia, LLC, a New York limited liability company (“Buyer”), LMP Automotive Holdings Inc., a Delaware corporation (“Issuer”), Harrison M. Gray, an individual and Respect Auto Group I LLC, a New York limited liability company (collectively and jointly and severally, the “Principal”), and Respect Auto Yonkers, LLC, a New York limited liability company (“Seller”; and together with Buyer, Issuer and Principal, each a “Party” and, collectively, the “Parties”).
