DEALERSHIP ASSET PURCHASE AGREEMENTDealership Asset Purchase Agreement • September 14th, 2021 • LMP Automotive Holdings, Inc. • Retail-auto dealers & gasoline stations • Texas
This DEALERSHIP ASSET PURCHASE AGREEMENT (this “Agreement”) is effective as of the date Western Title Company (Lubbock) (“Escrow Agent”) executes the escrow receipt on the last page hereto (the “Effective Date”), and is among LMP Lubbock 001 Holdings, LLC, a Texas limited liability company (“Buyer”), acting herein by and through Steve McGavock, a resident of Texas (“Principal”), and McGavock Auto Group, L.L.P., a Texas limited partnership, McGavock Nissan of Abilene, L.L.P., a Texas limited partnership, McGavock Nissan of Amarillo, LP, a Texas limited partnership, McGavock West Texas Motors, L.P., a Texas limited partnership, and McGavock Nissan of San Marcos, L.P., a Texas limited partnership (collectively, the “Seller”), and together with Buyer and Principal, each a “Party” and, collectively, the “Parties”).
