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Lighthouse Automotive Code of Ethics

Friday, March 26th, 2010

As a member of the National Automobile Dealers Association this dealership subscribes to the following principles and standards. Implicit in this code is the requirement that NADA members comply fully with all federal, state and local laws governing their business.

We pledge to:

· Operate this business in accord with the highest standards of ethical conduct.

· Treat each customer in a fair, open and honest manner, and fully comply with all laws that prohibit discrimination.

· Meet the transportation needs of our customers in a knowledgeable and professional manner.

· Represent our products clearly and factually, standing fully behind our warranties, direct and implied, and in all other ways justifying the customer’s respect and confidence.

· Advertise our products in a positive, factual and informative manner.

· Detail charges to assist our customers in understanding repair work and provide written estimates of any service work to be performed, upon request, or as required by law.

· Resolve customer concerns promptly and courteously

· Put our promises in writing and stand behind them.

Jeff Grimm—Owner

Bart Rinkenberger–General Manager

Ben Kaiser–CFO

Mike Grimm–Service Manager

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Federal Stimulus Law Allows New Vehicle Buyers to Deduct Sales Taxes from their Income Tax Bill

Tuesday, June 2nd, 2009

On February 16, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009, which was created to stimulate the U.S. economy. Of particular interest to vehicle dealers is a provision that allows customers to deduct the amount of State and local sales taxes from their income tax bill. More specifically:

· - The income tax deduction is an “above the line” deduction, so it will be available to itemizers and non-itemizers.

· - The deduction is available only to people who purchase new vehicles that are under 8,500 pounds gross vehicle weight.

· - The deduction is available only for purchase made between February 16, 2009 and December 31, 2009.

· - For vehicles that cost more than $49,500, the deduction applies only to the sales tax from the first $49,500 of the selling price. For vehicles that cost $49,500 or less, all of the sales tax is deductible.

- The deduction is available only to individuals with a modified adjusted gross income of $125,000 or less or joint filers with modified adjusted gross incomes less than $250,000.

Please consult with your tax advisor with your specific situation.

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