Chrysler Identifies Certain Dealership Leases and Marketing Investment Program Contracts as Excluded Assets

Pursuant to the Bankruptcy Court's May 8 Bidding Procedures Order, on May 12 Chrysler filed are more complete copy of the Master Purchase Agreement among Old Chrysler, New Chrysler and Fiat S.p.A. Included is a redacted version of the Company Disclosure Letter (the "Letter"). The Company Disclosure Letter is the document where Old Chrysler identifies the assets that are to be excluded from the sale to New Chrysler ("Excluded Assets"). The Letter will be updated over time as the case progresses.

Of interest to dealers, the initial version of the Company Disclosure Letter filed on May 12 identifies 8 leases of dealership properties owned by Chrysler Realty Company LLC as Excluded Assets. The Letter also identifies the equity interests in 9 Marketing Investment Program Dealerships as Excluded Assets. Finally, the Letter identifies the equity interests in 8 Marketing Investment Program dealerships as being subject to transfer to New Chrysler, if agreed to by New Chrysler.