EMPLOYMENT AGREEMENT, dated as of September 1, 2003 (this “ Agreement ”),
between ASBURY AUTOMOTIVE TAMPA, L.P., a Delaware limited partnership (the “ Company ”), and
Jeffrey I. Wooley (“ Executive ”).
W I T N E S S E T H :
WHEREAS, the Company owns and operates certain retail motor vehicle dealerships located in the
State of Florida (the “ Business ”), and is a wholly-owned subsidiary of Asbury Automotive Group, Inc., a
publicly-held Delaware corporation that owns retail motor vehicle dealership groups throughout the United States
(“ Asbury ”);
WHEREAS, the Company desires to employ Executive and Executive desires to be employed by the
Company, all upon the terms and conditions set forth more fully herein.
NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements contained
herein and for other good and valuable consideration, the Company and Executive hereby agree as follows:
1. Agreement to Employ . Upon the terms and subject to the conditions of this Agreement, the
Company hereby employs Executive and Executive hereby accepts employment by the Company.
2. Term; Position and Responsibilities .
(a) Term of Employment . The employment of Executive pursuant hereto shall commence
on the date of this Agreement (the “ Effective Date ”), and shall remain in effect for an initial term expiring
on the third anniversary of the Effective Date (the “ Term ”) unless sooner terminated pursuant to the
provisions of Section 6.
(b) Position and Responsibilities of Executive . During the Term, Executive will be
employed as the President and Chief Executive Officer of the Company, and, in addition, in such other
executive capacity or capacities for the Company or any of its affiliates as may be determined from time
to time by or under the authority of the Board of Directors of Asbury (the “ Board ”), or the President
and Chief Executive Officer of Asbury (the “