ContractMaster Sale-Leaseback Agreement • May 5th, 2020 • Arizona
EX-10.5 6 ex105q32017.htm EXHIBIT 10.5 Exhibit 10.5 MASTER SALE-LEASEBACK AGREEMENT THIS MASTER SALE-LEASEBACK AGREEMENT (this “Agreement”) dated November 3, 2017 (the “Effective Date”), by and between CARVANA, LLC, an Arizona limited liability company, (hereinafter referred to as “Carvana”) and VMRE, LLC, a Delaware limited liability company (hereinafter referred to as “VMRE”) (each a “Party” and, collectively, the “Parties”). R E C I T A L S Carvana owns fee title or has a valid ground lease interest in certain real property (each an “Existing Parcel” and, collectively, the “Existing Parcels”) and, from time to time from and after the Effective Date, Carvana may identify additional real property to be purchased or ground leased pursuant to the terms and conditions set forth in this Agreement (each a “New Parcel” and collectively the “New Parcels”). Carvana has constructed improvements on each Existing Parcel (exclusive of any USTs, the “Existing Improvements”) and intends to construc
FIRST AMENDMENT TO MASTER SALE-LEASEBACK AGREEMENTMaster Sale-Leaseback Agreement • November 7th, 2018 • Carvana Co. • Retail-auto dealers & gasoline stations
This First Amendment to the Master Sale-Leaseback Agreement (“Amendment”) is effective as of November 1, 2018, and is made by and between the following parties:
