CENDANT CORP
SECOND AMENDED AND RESTATED LEASE AGREEMENT
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>9
<FILENAME>y99348exv10w9.htm
<DESCRIPTION>SECOND AMENDED AND RESTATED LEASE AGREEMENT
<TEXT>
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<TITLE>SECOND AMENDED AND RESTATED LEASE AGREEMENT</TITLE>
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<P align="right" style="font-size: 10pt">Exhibit&nbsp;10.9


<P align="right" style="font-size: 10pt">&nbsp;


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<P align="center" style="font-size: 10pt">SECOND AMENDED AND RESTATED MASTER MOTOR VEHICLE OPERATING<BR>
LEASE AGREEMENT



<P align="center" style="font-size: 10pt">dated as of June&nbsp;3, 2004



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">between



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">AESOP LEASING L.P.,<BR>
as Lessor,



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">and



<P align="center" style="font-size: 10pt">&nbsp;



<P align="center" style="font-size: 10pt">CENDANT CAR RENTAL GROUP, INC.,<BR>
as Lessee and as Administrator



<P align="center" style="font-size: 10pt">&nbsp;



<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">As set forth in Section&nbsp;27 hereof, Lessor has assigned to CRCF (as defined
herein) and CRCF has assigned to the Trustee (as defined herein) certain of its
right, title and interest in and to this lease. To the extent, if any, that
this lease constitutes chattel paper (as such term is defined in the uniform
commercial code as in effect in any applicable jurisdiction) no security
interest in this lease may be created through the transfer or possession of any
counterpart other than the original executed counterpart, which shall be
identified as the counterpart containing the receipt therefor executed by the
trustee on the signature page thereof.


<P align="center" style="font-size: 10pt">&#091;THIS IS NOT COUNTERPART NO. 1&#093;



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<P align="center" style="font-size: 10pt"><U>TABLE OF CONTENTS</U>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="center" valign="top">Page<HR size="1" noshade></TD>
</TR>


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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">1.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">DEFINITIONS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">2.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">GENERAL AGREEMENT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lease and Acquisition of Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Right of Lessee to Act as Lessor&#146;s Agent
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payment of Capitalized Cost by Lessor
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-Liability of Lessor
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.5.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lessee&#146;s Right to Purchase Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.6.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lessor&#146;s Right to Cause Vehicles to be Sold
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.7.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redesignation of Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.8.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitations on the Acquisition or Redesignation of Certain Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">2.9.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Master Exchange Agreement
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">3.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">TERM</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">3.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vehicle Term
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">3.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Term
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">4.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">RENT AND CHARGES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">4.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payment of Rent
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">4.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Special Service Charges
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">4.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Net Lease
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">5.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">INSURANCE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">5.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Personal Injury and Damage
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">5.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delivery of Certificate of Insurance
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">5.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Changes in Insurance Coverage
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">6.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">RISK OF LOSS; CASUALTY AND INELIGIBLE VEHICLE OBLIGATIONS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">6.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Risk of Loss Borne by Lessee
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">6.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Casualty; Ineligible Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">7.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">VEHICLE USE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">8.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">LIENS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">9.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">NON-DISTURBANCE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">10.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">REGISTRATION; LICENSE; TRAFFIC SUMMONSES; PENALTIES AND FINES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">11.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">MAINTENANCE AND REPAIRS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">12.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">VEHICLE WARRANTIES.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">(i)
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">12.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Lessor Warranties
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">12.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Manufacturer&#146;s Warranties
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">13.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">VEHICLE USAGE GUIDELINES AND RETURN; SPECIAL DEFAULT PAYMENTS; EARLY TERMINATION PAYMENTS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">13.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Usage
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">13.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Return
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">13.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Special Default Payments
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">17</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">13.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Early Termination Payments
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">14.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">DISPOSITION PROCEDURE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">15.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">ODOMETER DISCLOSURE REQUIREMENT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">16.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">GENERAL INDEMNITY</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">16.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indemnity by the Lessee
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">16.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reimbursement Obligation by the Lessee
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">16.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Defense of Claims
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">17.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">ASSIGNMENT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">17.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Right of the Lessor to Assign this Agreement
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">17.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitations on the Right of the Lessee to Assign this Agreement
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">18.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">DEFAULT AND REMEDIES THEREFOR</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Events of Default
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Effect of AESOP I Operating Lease Event of Default or
Liquidation Event of Default
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="bottom">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights of Lessor Upon AESOP I Operating Lease Event of
Default, Limited Liquidation Event of Default or Liquidation Event
of Default
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="bottom">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights of Lender and Trustee Upon Liquidation Event of
Default, Limited Liquidation Event of Default and Non-Performance of
Certain Covenants
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="bottom">25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.5.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Measure of Damages
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.6.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vehicle Return Default
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">18.7.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Application of Proceeds
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">19.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">MANUFACTURER EVENTS OF DEFAULT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">20.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">21.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">22.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">CERTIFICATION OF TRADE OR BUSINESS USE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">23.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">SURVIVAL</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">24.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">25.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">TITLE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">(ii)
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">26.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">27.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">RIGHTS OF LESSOR ASSIGNED
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">28.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">29.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">MODIFICATION AND SEVERABILITY</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">30.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">CERTAIN REPRESENTATIONS AND WARRANTIES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization; Ownership; Power; Qualification
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authorization; Enforceability
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Information; Financial Condition
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.5.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.6.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liens
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.7.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefit Plans
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.8.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investment Company Act
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.9.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Regulations T, U and X
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.10.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Records Locations; Jurisdiction of Organization
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.11.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taxes
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.12.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governmental Authorization
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.13.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.14.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Eligible Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.15.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Supplemental Documents True and Correct
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.16.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Manufacturer Programs
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.17.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Absence of Default
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.18.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title to Assets
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.19.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Burdensome Provisions
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.20.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Adverse Change
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.21.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Adverse Fact
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.22.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accuracy of Information
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.23.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Solvency
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">30.24.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payment Of Capitalized Cost
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">31.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">CERTAIN AFFIRMATIVE COVENANTS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Existence; Foreign Qualification
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Books, Records and Inspections
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Manufacturer Programs
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.5.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reporting Requirements
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.6.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payment of Taxes; Removal of Liens
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.7.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Business
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.8.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maintenance of Separate Existence
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.9.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trustee as Lienholder
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.10.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maintenance of the Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.11.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Enhancement
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.12.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Manufacturer Payments
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">(iii)
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.13.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounting Methods; Financial Records
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.14.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disclosure to Auditors
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.15.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Disposal of Non-Program Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">31.16.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Perfection of Lessor&#146;s Security Interest
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">32.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">CERTAIN NEGATIVE COVENANTS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mergers, Consolidations
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Agreements
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liens
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.4.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Use of Vehicles
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.5.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination of Agreement
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">32.6.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sublease Amendment
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">33.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">ADMINISTRATOR ACTING AS AGENT OF THE LESSOR</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">34.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">NO PETITION</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">35.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">CERTAIN AGREEMENTS RESPECTING THE MASTER EXCHANGE AGREEMENT</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">36.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">SUBMISSION TO JURISDICTION</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">37.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">GOVERNING LAW</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">38.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">JURY TRIAL</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">39.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">NOTICES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">40.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">&#091;RESERVED&#093;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">41.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">TITLE TO MANUFACTURER PROGRAMS IN LESSOR</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">42.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">HEADINGS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">43.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">EXECUTION IN COUNTERPARTS</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">44.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">EFFECTIVE DATE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">45.</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">NO RECOURSE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


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</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">SCHEDULES AND ATTACHMENTS</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;30.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;30.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jurisdiction of Organization; Records and Business Locations</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;30.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Law</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ATTACHMENT&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vehicle Acquisition Schedule and Related Information</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">ATTACHMENT&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Power of Attorney</TD>
</TR>


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</DIV>



<P align="center" style="font-size: 10pt">(iv)
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="19%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="76%">&nbsp;</TD>
</TR>

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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ATTACHMENT C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Sublease</TD>
</TR>


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</DIV>




<P align="center" style="font-size: 10pt">(v)
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>SECOND AMENDED AND RESTATED MASTER MOTOR VEHICLE<BR>
OPERATING LEASE AGREEMENT</B>



<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">This Second Amended and Restated Master Motor Vehicle Operating Lease
Agreement (this &#147;<U>Agreement</U>&#148;), dated as of June&nbsp;3, 2004, is made by and
between AESOP LEASING L.P., a Delaware limited partnership, as lessor (the
&#147;<U>Lessor</U>&#148;), and CENDANT CAR RENTAL GROUP, INC., a Delaware corporation
(&#147;<U>CCRG</U>&#148;), as lessee (in such capacity, the &#147;<U>Lessee</U>&#148;) and as
administrator (in such capacity, the &#147;<U>Administrator</U>&#148;).


<P align="center" style="font-size: 10pt"><U>W I T N E S S E T H</U> :


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">WHEREAS, immediately prior to this Agreement becoming effective, the
Lessor, Avis Rent A Car System, Inc. (&#147;<U>ARAC</U>&#148;), as lessee and as
administrator, and Avis Group Holdings Inc. (&#147;<U>AGH</U>&#148;), as guarantor, are
parties to an Amended and Restated Master Motor Vehicle Operating Lease
Agreement, dated as of September&nbsp;15, 1998 (the &#147;<U>Prior AESOP I Operating
Lease</U>&#148;), pursuant to which the Lessor leases Program Vehicles and
Non-Program Vehicles of one or more Manufacturers to ARAC, and AGH guarantees
certain obligations of the lessees thereunder;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">WHEREAS, immediately prior to this Agreement becoming effective, ARAC and
AGH each assigned all of its respective rights, interests and obligations under
the Prior AESOP I Operating Lease to CCRG, pursuant to an Assignment and
Assumption Agreement, dated as of the date hereof, among ARAC, AGH and CCRG;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">WHEREAS, the parties hereto now wish to amend and restate the Prior AESOP
I Operating Lease in order to eliminate the guarantee by AGH of the obligations
of the lessees thereunder and to amend certain other provisions; and


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">WHEREAS, the Lessor desires to lease to the Lessee and the Lessee desires
to lease from the Lessor both Program Vehicles and Non-Program Vehicles
financed by the Lessor with the proceeds of Loans and other available funds for
use in the daily rental car business of the Lessee or a Permitted Sublessee;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">NOW, THEREFORE, in consideration of the foregoing premises, and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree that the Prior AESOP I Operating Lease
is hereby amended and restated as follows:


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DEFINITIONS</U>. Unless otherwise specified herein, capitalized
terms used herein shall have the meanings ascribed to such terms in the
Definitions List attached as Schedule&nbsp;I to the Second Amended and Restated Base
Indenture, dated as of June&nbsp;3, 2004 (the &#147;<U>Base Indenture</U>&#148;), between
Cendant Rental Car Funding (AESOP)&nbsp;LLC (&#147;<U>CRCF</U>&#148;), as Issuer, and The Bank
of New
York, as Trustee, as such Definitions List may from time to time be
amended in accordance with the terms of the Base Indenture.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>GENERAL AGREEMENT</U>. (a)&nbsp;The Lessee and the Lessor intend that
this Agreement is a lease and that the relationship between the Lessor and the
Lessee pursuant hereto shall always be only that of lessor and lessee, and the
Lessee hereby declares, acknowledges and agrees that the Lessor is the owner
of, and the Lessor or its Permitted Nominee holds legal title to, the Vehicles.
The Lessee shall not acquire by virtue of this Agreement any right, equity,
title or interest in or to any Vehicles, except the right to use the same under
the terms hereof. The parties agree that this Agreement is a &#147;true lease&#148; and
agree to treat this Agreement as a lease for all purposes, including tax,
accounting and otherwise and each party hereto will take no position on its tax
returns and filings contrary to the position that the Lessor is the owner of
the Vehicles for federal and state income tax purposes.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, notwithstanding the intent of the parties to this Agreement, this
Agreement is characterized by any third party as a financing arrangement or as
otherwise not constituting a &#147;true lease,&#148; then it is the intention of the
parties that this Agreement shall constitute a security agreement under
applicable law, and, to secure all of its obligations under this Agreement, the
Lessee hereby grants to the Lessor a security interest in all of the Lessee&#146;s
right, title and interest, if any, in and to all of the following assets,
property and interests in property, whether now owned or hereafter acquired or
created:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the rights of the Lessee under this Agreement, as such Agreement
may be amended, modified or supplemented from time to time in accordance
with its terms, and any other agreements related to or in connection with
this Agreement, to which the Lessee is a party (the &#147;<U>Lessee
Agreements</U>&#148;), including, without limitation, (a)&nbsp;all monies, if any,
due and to become due to the Lessee from any other Person under or in
connection with any of the Lessee Agreements, whether payable as rent,
guaranty payments, fees, expenses, costs, indemnities, insurance
recoveries, damages for the breach of any of the Lessee Agreements or
otherwise, (b)&nbsp;all rights, remedies, powers, privileges and claims of the
Lessee against any other party under or with respect to the Lessee
Agreements (whether arising pursuant to the terms of such Lessee
Agreements or otherwise available to the Lessee at law or in equity),
including the right to enforce any of the Lessee Agreements and to give
or withhold any and all consents, requests, notices, directions,
approvals, extensions or waivers under or with respect to the Lessee
Agreements or the obligations and liabilities of any party thereunder,
(c)&nbsp;all liens and property from time to time purporting to secure payment
of the obligations and liabilities of the Lessee arising under or in
connection with the Lessee Agreements, and any documents or agreements
describing any collateral securing such obligations or liabilities and
(d)&nbsp;all guarantees, insurance and other agreements or arrangements of
whatever character from time to time supporting or securing payment of
such obligations and liabilities of the Lessee pursuant to the Lessee
Agreements;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Vehicles leased by the Lessee from the Lessor under this
Agreement, which, notwithstanding that this Agreement is intended to
convey only a leasehold
interest, are determined to be owned by the Lessee or any Permitted
Sublessee, and all Certificates of Title with respect to such Vehicles;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all right, title and interest of the Lessee in, to and under
any Manufacturer Programs, including any amendments thereof, and all
monies due and to become due


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="margin-left:5%; font-size: 10pt">thereunder, in each case in respect of the
Vehicles leased hereunder which, notwithstanding that this Agreement is
intended to convey only a leasehold interest, are determined to be owned
by the Lessee, whether payable as Vehicle repurchase prices, auction
sales proceeds, fees, expenses, costs, indemnities, insurance recoveries,
damages for breach of the Manufacturer Programs or otherwise (but
excluding all incentive payments payable to the Lessee or the Lessor in
respect of purchases of vehicles under the Manufacturer Programs) and all
rights to compel performance and otherwise exercise remedies thereunder;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all right, title and interest of the Lessee in and to any
Proceeds from the sale of the Vehicles leased hereunder (including,
without limitation, the sale of any such Vehicles by the Intermediary)
which, notwithstanding that this Agreement is intended to convey only a
leasehold interest, are determined to be owned by the Lessee, including
all monies due in respect of such Vehicles, whether payable as the
purchase price of such Vehicles, as auction sales proceeds, or as fees,
expenses, costs, indemnities, insurance recoveries, or otherwise
(including all upfront incentive payments payable by Manufacturers to the
Lessee or the Lessor in respect of purchases of Non-Program Vehicles);



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all payments under insurance policies (whether or not the
Lessor, the Lender or the Trustee is named as the loss payee thereof) or
any warranty payable by reason of loss or damage to, or otherwise with
respect to, any of the Vehicles leased hereunder;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all additional property that may from time to time hereafter be
subjected to the grant and pledge under this Agreement, as same may be
modified or supplemented from time to time, by the Lessee or by anyone on
its behalf; and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Proceeds of any and all of the foregoing including,
without limitation, payments under insurance (whether or not the Lessor
is named as the loss payee thereof) and cash.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To secure all of the Lessee&#146;s obligations under this Agreement, the
Lessee hereby grants to the Lessor a security interest in all of the Lessee&#146;s
right, title and interest, in and to all of the following assets, property and
interests in property, if any, whether now owned or hereafter acquired or
created (the &#147;<U>Sublease Collateral</U>&#148;): the rights of the Lessee under each
Sublease entered into from time to time relating to the Vehicles leased
hereunder, as each such Sublease may be amended, modified or supplemented from
time to time in accordance with its terms, including, without limitation, (i)
all monies due and to become due to the Lessee from any Permitted Sublessee or
any other Person under or in connection with each such Sublease, whether
payable as rent, guaranty payments, fees, expenses, costs, indemnities,
insurance recoveries, damages for the breach of such Sublease or otherwise,
(ii)&nbsp;all rights, remedies,
powers, privileges and claims of the Lessee against any Permitted
Sublessee or any other party under or with respect to each such Sublease
(whether arising pursuant to the terms of such Sublease or otherwise available
to the Lessee at law or in equity), including the right to enforce such
Sublease and to give or withhold any and all consents, requests, notices,
directions, approvals, extensions or waivers under or with respect to such
Sublease or the obligations and


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt; text-align: left">liabilities of any party thereunder, (iii)&nbsp;all
liens and property from time to time purporting to secure payment of the
obligations and liabilities of a Permitted Sublessee arising under or in
connection with each such Sublease, and any documents or agreements describing
any collateral securing such obligations or liabilities, (iv)&nbsp;all guarantees,
insurance and other agreements or arrangements of whatever character from time
to time supporting or securing payment of such obligations and liabilities of
such Permitted Sublessee pursuant to such Sublease and (v)&nbsp;all Proceeds of any
and all of the foregoing. The Lessor shall have all of the rights and remedies
of a secured party with respect to each Sublease, including, without
limitation, the rights and remedies granted under the UCC.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To secure the CRCF Obligations, the Lessee hereby grants to the
Trustee, on behalf of the Secured Parties, a first-priority security interest
in all of the Lessee&#146;s right, title and interest, if any, in and to all of the
collateral described in <U>Sections&nbsp;2(b)</U> and <U>2(c)</U> above, whether now
owned or hereafter acquired or created. Upon the occurrence of a Liquidation
Event of Default or a Limited Liquidation Event of Default and subject to the
provisions of the Related Documents, the Trustee shall have all of the rights
and remedies of a secured party, including, without limitation, the rights and
remedies granted under the UCC.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lessee agrees to deliver to the Lessor, the Lender and the Trustee
on or before the Restatement Effective Date:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a written search report from a Person satisfactory to the
Lessor, the Lender and the Trustee listing all effective financing
statements that name the Lessee as debtor or assignor, and that are filed
in the jurisdictions in which filings were made pursuant to clause (ii)
below, together with copies of such financing statements, and tax and
judgment lien search reports from a Person satisfactory to the Lessor,
the Lender and the Trustee showing no evidence of liens filed against the
Lessee that purport to affect any Vehicles leased hereunder or any
Collateral under the Indenture; and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;draft financing statements on Form UCC-1 to be filed in the
jurisdiction where the Lessee is located under <U>Section&nbsp;9-307</U> of
the UCC naming the Lessee, as debtor, the Lessor, as secured party, and
the Trustee, as assignee of the secured party, covering the collateral
described in <U>Sections&nbsp;2(b)</U> and <U>(c)</U> hereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lessee hereby authorizes each of the Lessor and the Trustee to
file (provided that the Trustee shall have no obligation to so file), or cause
to be filed, financing or continuation statements, and amendments thereto and
assignments thereof, under the UCC in order to perfect its interest in the
security granted pursuant to Section&nbsp;2(b).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lessee agrees to file, or cause to be filed, the financing
statements delivered in draft form pursuant to <U>Section&nbsp;2(e)(ii)</U> on or
before the third (3rd) Business Day following the Restatement Effective Date.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lease and Acquisition of Vehicles</U>. From time to time, subject
to the terms and provisions hereof, the Lessor agrees to lease to the Lessee
and the Lessee agrees to lease from the Lessor, subject to the terms hereof,
(i)&nbsp;the new vehicles identified in vehicle orders (each such vehicle order, a
&#147;<U>Vehicle Order</U>&#148;) placed by the Lessee pursuant to the terms of the


<P align="center" style="font-size: 10pt">4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt; text-align: left">Manufacturer Programs with respect to Program Vehicles and Non-Program Vehicles
(to the extent such Non-Program Vehicles are subject to a Manufacturer Program)
and as otherwise agreed by the Lessor, the Lessee and a dealer with respect to
other Non-Program Vehicles and (ii)&nbsp;the Vehicles identified in the computer
file delivered by the Lessee to the Trustee on the date hereof which were
leased pursuant to the Prior AESOP I Operating Lease immediately prior to the
effectiveness of this Agreement. If requested by the Lessor, the Lessee shall
make each Vehicle Order with respect to each Vehicle leased hereunder available
to the Lessor, together with a schedule containing the information with respect
to such Vehicle included within such Vehicle Order as is set forth in
<U>Attachment A</U> hereto (each, a &#147;<U>Vehicle Acquisition Schedule</U>&#148;), or
in such form as is otherwise requested by the Lessor. In addition, the Lessee
agrees to provide such other information regarding such Vehicles as the Lessor
may require from time to time. This Agreement, together with the Manufacturer
Programs and any other related documents attached to this Agreement or
submitted with a Vehicle Order (collectively, the &#147;<U>Supplemental
Documents</U>&#148;), will constitute the entire agreement regarding the leasing of
Vehicles by the Lessor to the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right of Lessee to Act as Lessor&#146;s Agent</U>. The Lessor agrees
that the Lessee may act as the Lessor&#146;s agent in placing Vehicle Orders on
behalf of the Lessor, as well as filing claims on behalf of the Lessor for
damage in transit, and other Manufacturer delivery claims related to the
Vehicles leased hereunder; <U>provided</U>, <U>however</U>, that the Lessor may
hold the Lessee liable for losses due to the Lessee&#146;s actions, or failure to
act, in performing as the Lessor&#146;s agent in accordance with the terms hereof.
In addition, the Lessor agrees that the Lessee may make arrangements for
delivery of Vehicles leased hereunder to a location selected by the Lessee at
its expense. The Lessee agrees to accept Vehicles leased hereunder as produced
and delivered except that the Lessee will have the option to reject any such
Vehicle that may be rejected pursuant to the terms of the applicable
Manufacturer Program (with respect to Program Vehicles and Non-Program Vehicles
subject to a Manufacturer Program), or in accordance with its customary
business practices with respect to other Non-Program Vehicles. The Lessee,
acting as agent for the Lessor, shall be responsible for pursuing any rights of
the Lessor with respect to the return to the Manufacturer of any Vehicle leased
hereunder that has been rejected pursuant to the preceding sentence. The
Lessee agrees that all Program Vehicles ordered as provided herein shall be
ordered utilizing the procedures consistent with an Eligible Manufacturer
Program. Without limiting the foregoing, the Lessee agrees to give immediate
notice to the Lessor, in such form and to such address as the Lessor may from
time to time specify and in accordance with the terms of the Master Exchange
Agreement, of each acceptance and of any rejection of any Program Vehicle
identified by the Lessor as Replacement Property.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment of Capitalized Cost by Lessor</U>. Upon delivery of any new Vehicle, the Lessor shall pay to the
authorized dealer, if any, that sold such Vehicle to the Lessor, the
Capitalized Cost for such Vehicle and the Lessee shall pay all applicable costs
and expenses of freight, packing, handling, storage, shipment and delivery of
such Vehicle, and sales and use tax (if any), to the extent that the same have
not been included in the Capitalized Cost for such Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Liability of Lessor</U>. The Lessor shall not be liable to
the Lessee for any failure or delay in obtaining Vehicles or making delivery
thereof. AS BETWEEN THE LESSOR AND THE LESSEE, ACCEPTANCE FOR LEASE OF THE
VEHICLES LEASED


<P align="center" style="font-size: 10pt">5
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt; text-align: left">HEREUNDER SHALL CONSTITUTE THE LESSEE&#146;S ACKNOWLEDGMENT AND
AGREEMENT THAT THE LESSEE HAS FULLY INSPECTED SUCH VEHICLES, THAT SUCH VEHICLES
ARE IN GOOD ORDER AND CONDITION AND ARE OF THE MANUFACTURE, DESIGN,
SPECIFICATIONS AND CAPACITY SELECTED BY THE LESSEE, THAT THE LESSEE IS
SATISFIED THAT THE SAME ARE SUITABLE FOR THIS USE AND THAT THE LESSOR IS NOT A
MANUFACTURER OR ENGAGED IN THE SALE OR DISTRIBUTION OF VEHICLES, AND HAS NOT
MADE AND DOES NOT HEREBY MAKE ANY REPRESENTATION, WARRANTY OR COVENANT WITH
RESPECT TO MERCHANTABILITY, CONDITION, QUALITY, DURABILITY OR SUITABILITY OF
SUCH VEHICLES IN ANY RESPECT OR IN CONNECTION WITH OR FOR THE PURPOSES OR USES
OF THE LESSEE, OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT OF ANY KIND OR
CHARACTER, EXPRESS OR IMPLIED, WITH RESPECT THERETO. The Lessor shall not be
liable for any failure or delay in delivering any Vehicle ordered for lease
pursuant to this Agreement, or for any failure to perform any provision hereof,
resulting from fire or other casualty, natural disaster, riot, strike or other
labor difficulty, governmental regulation or restriction, or any cause beyond
the Lessor&#146;s direct control. IN NO EVENT SHALL THE LESSOR BE LIABLE FOR ANY
INCONVENIENCES, LOSS OF PROFITS OR ANY OTHER CONSEQUENTIAL, INCIDENTAL OR
SPECIAL DAMAGES RESULTING FROM ANY DEFECT IN OR ANY THEFT, DAMAGE, LOSS OR
FAILURE OF ANY VEHICLE, AND THERE SHALL BE NO ABATEMENT OF MONTHLY BASE RENT,
SUPPLEMENTAL RENT OR OTHER AMOUNTS PAYABLE HEREUNDER BECAUSE OF THE SAME.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lessee&#146;s Right to Purchase Vehicles</U>. The Lessee shall have
the option, exercisable with respect to any Vehicle during the Vehicle Term
with respect to such Vehicle, to purchase any Vehicle leased hereunder at the
greater of (i)&nbsp;the Termination Value or (ii)&nbsp;the Market Value of such Vehicle,
in each case, as of the Payment Date with respect to the Related Month in which
the Lessee elects to purchase such Vehicle (the greater of such amounts being
referred to as the &#147;<U>Vehicle Purchase Price</U>&#148;), in which event the Lessee
will pay the Vehicle Purchase Price to the Lessor on or before such Payment
Date and the Lessee will pay on or before such Payment Date all accrued and
unpaid Monthly Base Rent and any Supplemental Rent then due and payable with
respect to such Vehicle through such Payment Date. The Lessor shall request
title to any such Vehicle to be transferred to the Lessee and the Administrator
shall request the Trustee to cause its Lien to be removed from the Certificate
of Title for such Vehicle, concurrently with or promptly after the Vehicle
Purchase Price for such Vehicle (and any such unpaid Monthly Base Rent and
Supplemental Rent) is deposited in the Collection Account. Notwithstanding the
foregoing, with respect to any Vehicle that, when acquired by the Lessor, was a
Replacement Vehicle, and with respect to any other Vehicle that the Lessor may
wish to designate as Relinquished Property, the Lessee&#146;s right to purchase
shall be solely in the discretion of the Lessor.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lessor&#146;s Right to Cause Vehicles to be Sold</U>. (a)&nbsp;If the
Lessee does not elect to purchase any Vehicle leased hereunder pursuant to
<U>Section&nbsp;2.5</U> (or, pursuant to the last sentence of such <U>Section
2.5</U>, is not permitted to purchase a particular Vehicle), then:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;notwithstanding anything to the contrary contained herein, with
respect to Program Vehicles leased hereunder, and subject to <U>Sections
2.5 and 13.2</U>, the Lessor shall


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<P align="left" style="margin-left:5%; font-size: 10pt">have the right, at any time following
the date ninety (90)&nbsp;days prior to the expiration of the Maximum Term for
such Program Vehicle, to require that the Lessee or another Person
designated by the Lessor, which Person&#146;s compensation will be payable
solely from the proceeds from the sale of such Vehicle, exercise
commercially reasonable efforts to arrange for the sale of such Vehicle
to a third party for the Vehicle Purchase Price with respect to such
Vehicle, in which event the Lessee or such other designated Person shall,
until not later than the date thirty (30)&nbsp;days prior to the expiration of
such Maximum Term, exercise commercially reasonable efforts to arrange
for the sale of such Vehicle to a third party for a price (as reduced by
the amount of compensation to be paid to any such other designated
Person) equal to or greater than the Termination Value thereof. If a
sale of such Program Vehicle is arranged by the Lessee or such other
designated Person prior to such date thirty (30)&nbsp;days prior to the
expiration of such Maximum Term, then (i)&nbsp;the Lessee or such other
designated Person shall deliver such Vehicle to the purchaser thereof,
(ii)&nbsp;the Lessee or such other designated Person shall cause to be
delivered to the Lessor the funds paid for such Vehicle by the purchaser
and (iii)&nbsp;the Administrator shall request the Trustee to cause its Lien
to be removed from the Certificate of Title for such Vehicle. If the
Lessee or such other designated Person is unable to arrange for a sale of
such Vehicle prior to such date thirty (30)&nbsp;days prior to the expiration
of such Maximum Term, then the Lessee or such other designated Person
shall cease attempting to arrange for such a sale and the Lessee shall
return or cause to be returned such Vehicle, if a Manufacturer Event of
Default has not occurred, to the applicable Manufacturer as provided in
<U>Section&nbsp;13.2(a)</U> (and, if so requested by the Lessor, shall
cooperate with the Lessor to effect any such return in accordance with
the provisions of the Master Exchange Agreement); and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to Non-Program Vehicles leased hereunder and
subject to the exercise of the Lessee&#146;s rights under <U>Section&nbsp;2.5</U>,
the Lessee shall use commercially reasonable efforts to arrange for the
sale of each Non-Program Vehicle leased hereunder to a third party for
the Vehicle Purchase Price with respect to such Vehicle on or prior to
the date that is the last Business Day of the month that is eighteen (18)
months after the month in which the Vehicle Operating Lease Commencement
Date occurs with respect to such Vehicle. The Lessee may return or cause
to be returned a Non-Program Vehicle subject to a Manufacturer Program to
the applicable Manufacturer under such
Manufacturer Program; <U>provided</U> that (i)&nbsp;the Repurchase Price
of such Vehicle, together with any Special Default Payments payable by
the Lessee with respect to such Vehicle, is at least equal to the
Termination Value with respect to such Vehicle, (ii)&nbsp;no Manufacturer
Event of Default shall have occurred with respect to such Manufacturer
and (iii)&nbsp;by the date on which such Vehicle is returned to the
Manufacturer, the Trustee and the Lender shall have received a copy of an
Assignment Agreement with respect to such Manufacturer Program.
Notwithstanding the disposition of a Non-Program Vehicle by the Lessee
prior to the applicable Vehicle Operating Lease Expiration Date, the
Lessee shall pay to the Lessor all accrued and unpaid Monthly Base Rent
and any Supplemental Rent then due and payable with respect to such
Non-Program Vehicle through the Payment Date with respect to the Related
Month during which such disposition occurred, unless such Non-Program
Vehicle is a Standard Casualty or becomes an Ineligible Vehicle, payment
for which will be made in accordance with <U>Section&nbsp;6</U> hereof. If a
sale of such Non-Program Vehicle is arranged by the Lessee pursuant to
this <U>Section&nbsp;2.6(a)(ii)</U>,


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<P align="left" style="margin-left:5%; font-size: 10pt">then (x)&nbsp;the Lessee shall deliver the
Vehicle to the purchaser thereof, (y)&nbsp;the Lessee shall cause to be
delivered to the Lessor the funds paid for such Vehicle by the purchaser
and (z)&nbsp;the Administrator shall request the Trustee to cause its Lien to
be removed from the Certificate of Title for such Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event any Vehicle or Vehicles leased hereunder are not
purchased by the Lessee pursuant to <U>Section&nbsp;2.5</U> hereof or sold to a
third party or returned to a Manufacturer pursuant to <U>Section&nbsp;2.6(a)</U>,
then, in the case of a Non-Program Vehicle, the Lessee shall return or cause to
be returned such Vehicle to the Lessor on the Payment Date with respect to the
Related Month in which the applicable Vehicle Operating Lease Expiration Date
falls, or, in the case of a Program Vehicle, the Lessee shall dispose of such
Vehicle in accordance with the procedures set forth in <U>Section&nbsp;13.2(a)</U>,
and, in each case, the Lessee shall pay an amount equal to all accrued but
unpaid Monthly Base Rent and all Supplemental Rent payable with respect to such
Vehicles through the Payment Date on which such Non-Program Vehicle was
returned or with respect to the Related Month during which such Program Vehicle
was returned to its Manufacturer pursuant to Section&nbsp;13.2(a).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Redesignation of Vehicles</U>. At any time, including without
limitation, if a Program Vehicle becomes ineligible for repurchase by its
Manufacturer or for sale at auction under the applicable Manufacturer Program
or the return of a Program Vehicle to the applicable Manufacturer cannot
otherwise be effected for any reason (including by reason of the occurrence of
a Manufacturer Event of Default with respect to the Manufacturer of such
Program Vehicle or the failure of a Manufacturer to accept such Program Vehicle
for repurchase and acceptance is not expected upon a subsequent return), the
Lessee may redesignate a Program Vehicle as a Non-Program Vehicle;
<U>provided</U> that (i)&nbsp;no Amortization Event or Potential Amortization Event
has occurred and is continuing and (ii)&nbsp;no violation of the requirements of
<U>Section&nbsp;10.13</U> of the AESOP I Operating Lease Loan Agreement or
<U>Section&nbsp;2.8</U> hereof would be caused by such redesignation;
<U>provided</U>, <U>further</U>, in each case, that (x)&nbsp;the Lessee shall pay to
the Lessor on the next succeeding Payment Date an amount equal to the
difference, if any, between the Net Book Value of such Vehicle as of the date
of redesignation and an amount equal to the Net Book Value of such Vehicle as
of the date of redesignation had such Vehicle been a Non-Program Vehicle at the
time of delivery thereof
pursuant to <U>Section&nbsp;2.1</U> and (y)&nbsp;the Required Enhancement Amount
required under each Supplement, after giving effect to such redesignation,
shall be satisfied on the date of redesignation.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations on the Acquisition or Redesignation of Certain
Vehicles</U>. Unless otherwise specified in a Supplement or unless waived by
the Required Noteholders as specified in a Supplement, (a)&nbsp;the aggregate Net
Book Value of all Vehicles (or such portion thereof as is specified in such
Supplement) manufactured by Manufacturers other than Eligible Non-Program
Manufacturers and leased under this Agreement (after giving effect to the
inclusion of such Vehicle under this Agreement) and the Finance Lease as of
such date shall not exceed any applicable Maximum Non-Eligible Manufacturer
Amount, (b)&nbsp;the aggregate Net Book Value of all Non-Program Vehicles (or such
portion thereof as is specified in such Supplement) leased under this Agreement
(after giving effect to the inclusion or redesignation, as the case may be, of
such Vehicle under this Agreement) and the Finance Lease as of such date shall
not exceed any applicable Maximum Non-Program Vehicle Amount, (c)&nbsp;the aggregate
Net Book Value of all Vehicles (or such portion thereof as is specified in such
Supplement) manufactured by a


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<P align="left" style="font-size: 10pt; text-align: left">particular Manufacturer or group of Manufacturers
and leased under the Leases (after giving effect to the inclusion of such
Vehicle under this Agreement) as of such date shall not exceed any applicable
Maximum Manufacturer Amount, (d)&nbsp;the aggregate Net Book Value of all Vehicles
(or such portion thereof as is specified in such Supplement) titled in the
States of Ohio, Oklahoma and Nebraska and leased under this Agreement (after
giving effect to the inclusion of such Vehicle under this Agreement) and the
AESOP II Operating Lease as of such date shall not exceed any applicable
Maximum Specified States Amount and (e)&nbsp;after giving effect to the inclusion or
redesignation of such Vehicle under this Agreement, there shall not be a
failure or violation of any other conditions, requirements or restrictions with
respect to the leasing of Eligible Vehicles under this Agreement as is
specified in any Supplement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance with Master Exchange Agreement</U>. In connection with
(x)&nbsp;any return of a Program Vehicle leased hereunder by the Lessee to a
Manufacturer pursuant to <U>Section&nbsp;13.2(a)</U> or (y)&nbsp;any sale by the Lessee
of a Non-Program Vehicle leased hereunder to a third party or any return by the
Lessee to a Manufacturer of a Non-Program Vehicle leased hereunder subject to a
Manufacturer Program, in each case pursuant to <U>Section&nbsp;2.6(a)(ii)</U>, the
Lessee agrees, to the extent requested by the Lessor, to cooperate with the
Lessor in effecting such sales or returns on behalf of the Lessor pursuant to,
and in accordance with, the terms of the Master Exchange Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>TERM</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vehicle Term</U>. (a)&nbsp;The &#147;<U>Vehicle Operating Lease
Commencement Date</U>&#148; for each Vehicle shall mean the day as referenced in the
Vehicle Acquisition Schedule (including any Vehicle Acquisition Schedule
delivered under the Prior AESOP I Operating Lease) with respect to such
Vehicle, but in no event shall such date be a date later than the date that
funds are expended or allocated by the Lessor or the Intermediary to acquire
such Vehicle. The &#147;<U>Vehicle Term</U>&#148; with respect to each Vehicle shall
extend from the Vehicle Operating Lease Commencement Date through the earliest
of (i)&nbsp;if such Vehicle is a Program Vehicle or a Non-Program Vehicle
returned to a Manufacturer under a Manufacturer Program, the Turnback Date for
such Vehicle, (ii)&nbsp;if such Vehicle is sold to a third party (other than through
an auction conducted by or through or arranged by the Manufacturer pursuant to
its Manufacturer Program), the date on which funds in respect of such sale are
first deposited in either the Collection Account or a Joint Collection Account
(by such third party or by the Lessee on behalf of such third party) and such
funds equal or exceed the Termination Value of such Vehicle, (iii)&nbsp;if such
Vehicle becomes a Standard Casualty or an Ineligible Vehicle, the date funds in
the amount of the Termination Value thereof are deposited in the Collection
Account by the Lessee, (iv)&nbsp;the date that such Vehicle is purchased by the
Lessee pursuant to <U>Section&nbsp;2.5</U> hereof and the Vehicle Purchase Price
with respect to such purchase (and any unpaid Monthly Base Rent and
Supplemental Rent with respect to such Vehicle) is deposited in the Collection
Account by the Lessee and (v)&nbsp;the date that is the last Business Day of the
month that is eighteen (18)&nbsp;months after the month in which the Vehicle
Operating Lease Commencement Date occurs with respect to such Vehicle (the
earliest of such five dates described in the foregoing <U>clauses (i)</U>
through <U>(v)</U> being referred to as the &#147;<U>Vehicle Operating Lease
Expiration Date</U>&#148;).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject to the provisions of <U>Sections&nbsp;2.5</U> and <U>2.6</U>, the
Lessee shall use its commercially reasonable efforts to return or cause to be
returned each Program Vehicle leased


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<P align="left" style="font-size: 10pt; text-align: left">hereunder to the related Manufacturer (or
such Manufacturer&#146;s agent or as otherwise directed by such Manufacturer in
accordance with such Manufacturer Program) (a)&nbsp;not prior to the end of the
minimum holding period specified in the related Manufacturer Program (prior to
which the Lessor may not return such Program Vehicle without penalty (the
&#147;<U>Minimum Term</U>&#148;)) and (b)&nbsp;not later than the end of the maximum holding
period (after which the Lessor may not return such Program Vehicle without
penalty (the &#147;<U>Maximum Term</U>&#148;)); <U>provided</U>, <U>however</U>, that the
Lessee shall in any case return or cause to be returned each Program Vehicle
leased hereunder to the related Manufacturer (or such Manufacturer&#146;s agent or
as otherwise directed by such Manufacturer in accordance with such Manufacturer
Program) pursuant to <U>Section&nbsp;13.2</U> on or before the date that is the last
Business Day of the month that is eighteen (18)&nbsp;months after the month in which
the Vehicle Operating Lease Commencement Date occurs with respect to such
Vehicle. The Lessee will pay to the Lessor the equivalent of the Monthly Base
Rent for the Minimum Term with respect to any Program Vehicles returned before
the Minimum Term <U>plus</U> any early turn back surcharges payable by the
Lessor or deductible from the Repurchase Price of such Vehicle regardless of
actual usage, unless such Vehicle is a Standard Casualty or becomes an
Ineligible Vehicle, in which case, the disposition of such Vehicle will be
handled in accordance with <U>Section&nbsp;6</U> hereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term</U>. The &#147;<U>AESOP I Operating Lease Commencement Date</U>&#148;
shall mean the Initial Closing Date. The &#147;<U>AESOP I Operating Lease
Expiration Date</U>&#148; shall mean the latest of (i)&nbsp;the date of the payment in
full of all Loans (including any Loan Interest thereon) the proceeds of which
were used by the Lessor to finance the purchase of Vehicles subject to this
Agreement, (ii)&nbsp;the Vehicle Operating Lease Expiration Date for the last
Vehicle leased hereunder and (iii)&nbsp;the date on which all amounts payable
hereunder and under the Loan Agreements have been paid in full. The
&#147;<U>Term</U>&#148; of this Agreement shall mean the period commencing on the AESOP I
Operating Lease Commencement Date and ending on the AESOP I Operating Lease
Expiration Date.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>RENT AND CHARGES</U>. The Lessee will pay Monthly Base Rent and any
Supplemental Rent due and payable on a monthly basis (and any Special Service
Charges due and payable) as set forth in this <U>Section&nbsp;4</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment of Rent</U>. On each Payment Date the Lessee shall pay in
immediately available funds to the Lessor not later than 11:00&nbsp;a.m., New York
City time, on such Payment Date (i)&nbsp;all Monthly Base Rent that has accrued
during the Related Month with respect to each Vehicle leased hereunder during
or prior to the Related Month and (ii)&nbsp;all Supplemental Rent due and payable on
such Payment Date.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special Service Charges</U>. On each Payment Date, or on such
other Business Day as the Lessor shall request, the Lessee shall pay in
immediately available funds to, or at the direction of, the Lessor, not later
than 11:00&nbsp;a.m., New York City time, on such date, the Special Service Charges
determined by the Lessor to be due and payable hereunder on such date with
respect to Vehicles leased hereunder. The provisions of this <U>Section
4.2</U> will survive the expiration or earlier termination of the Term.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Net Lease</U>. THIS AGREEMENT SHALL BE A NET LEASE, AND THE
LESSEE&#146;S OBLIGATION TO PAY ALL MONTHLY BASE RENT, SUPPLEMENTAL RENT


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<P align="left" style="font-size: 10pt; text-align: left">AND OTHER
SUMS HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL, AND SHALL NOT BE SUBJECT TO
ANY ABATEMENT, SETOFF, COUNTERCLAIM, DEDUCTION OR REDUCTION FOR ANY REASON
WHATSOEVER. The obligations and liabilities of the Lessee hereunder shall in
no way be released, discharged or otherwise affected (except as may be
expressly provided herein including, without limitation, the right of the
Lessee to reject Vehicles pursuant to <U>Section&nbsp;2.2</U> hereof) for any
reason, including, without limitation: (i)&nbsp;any defect in the condition,
merchantability, quality or fitness for use of the Vehicles or any part
thereof; (ii)&nbsp;any damage to, removal, abandonment, salvage, loss, scrapping or
destruction of or any requisition or taking of the Vehicles or any part
thereof; (iii)&nbsp;any restriction, prevention or curtailment of or interference
with any use of the Vehicles or any part thereof; (iv)&nbsp;any defect in or any
Lien on title to the Vehicles or any part thereof; (v)&nbsp;any change, waiver,
extension, indulgence or other action or omission in respect of any obligation
or liability of the Lessee or the Lessor; (vi)&nbsp;any bankruptcy, insolvency,
reorganization, composition, adjustment, dissolution, liquidation or other like
proceeding relating to the Lessee, the Lessor or any other Person, or any
action taken with respect to this Agreement by any trustee or receiver of any
Person mentioned above, or by any court; (vii)&nbsp;any claim that the Lessee has or
might have against any Person, including, without limitation, the Lessor;
(viii)&nbsp;any failure on the part of the Lessor to perform or comply with any of
the terms hereof or of any other agreement; (ix)&nbsp;any invalidity or
unenforceability or disaffirmance of this Agreement or any provision hereof or
any of the other Related Documents or any provision of any thereof, in each
case whether against or by the Lessee or otherwise; (x)
any insurance premiums payable by the Lessee with respect to the Vehicles;
(xi)&nbsp;any failure of a Permitted Sublessee to perform its obligations under the
Sublease to which it is a party; or (xii)&nbsp;any other occurrence whatsoever,
whether similar or dissimilar to the foregoing, whether or not the Lessee shall
have notice or knowledge of any of the foregoing and whether or not foreseen or
foreseeable. This Agreement shall be noncancelable by the Lessee and, except
as expressly provided herein, the Lessee, to the extent permitted by law,
waives all rights now or hereafter conferred by statute or otherwise to quit,
terminate or surrender this Agreement, or to any diminution or reduction of
Monthly Base Rent, Supplemental Rent or other amounts payable by the Lessee
hereunder. All payments by the Lessee made hereunder shall be final (except to
the extent of adjustments provided for herein), absent manifest error and,
except as otherwise provided herein, the Lessee shall not seek to recover any
such payment or any part thereof for any reason whatsoever, absent manifest
error. If for any reason whatsoever this Agreement shall be terminated in
whole or in part by operation of law or otherwise except as expressly provided
herein, the Lessee shall nonetheless pay all Monthly Base Rent, all
Supplemental Rent and all other amounts due hereunder at the time and in the
manner that such payments would have become due and payable under the terms of
this Agreement as if it had not been terminated in whole or in part. All
covenants and agreements of the Lessee herein shall be performed at its cost,
expense and risk unless expressly otherwise stated.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>INSURANCE</U>. The Lessee represents that it shall at all times
maintain or cause to be maintained insurance coverage in force as follows:


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Personal Injury and Damage</U>. Insurance coverage as set forth
in <U>Section&nbsp;31.3</U> hereof. In addition, the Lessee will maintain with
respect to the Lessee&#146;s properties and businesses insurance against loss or
damage of the kind customarily insured against by


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<P align="left" style="font-size: 10pt; text-align: left">corporations engaged in the
same or similar businesses, of such types and in such amounts as are
customarily carried by such similarly situated corporations.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery of Certificate of Insurance</U>. Within ten (10)&nbsp;days
after the Initial Closing Date, the Lessee shall have delivered to the Lessor a
certificate(s) of insurance naming the Lender, the Lessor, Original AESOP,
PVHC, Quartx and the Trustee as additional insureds as to the item required by
<U>Section&nbsp;31.3</U>. Such insurance shall not be changed or canceled except as
provided below in <U>Section&nbsp;5.3</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">5.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Changes in Insurance Coverage</U>. No changes shall be made in
any of the foregoing insurance requirements unless the prior written consent of
the Lessor, the Lender and the Trustee are first obtained. The Lessor may
grant or withhold its consent to any proposed change in such insurance in its
sole discretion. The Lender and the Trustee shall be required to grant their
consent to any proposed change in such insurance upon compliance with the
following conditions:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Lessee shall deliver not less than thirty (30)&nbsp;days&#146; prior
written notice of any proposed change in such insurance to the Lender and
the Trustee; and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the proposed change will satisfy the Rating Agency Confirmation
Condition.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>RISK OF LOSS; CASUALTY AND INELIGIBLE VEHICLE
OBLIGATIONS</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Risk of Loss Borne by Lessee</U>. Upon delivery of each Vehicle
to the Lessee, as between the Lessor and the Lessee, the Lessee assumes and
bears the risk of loss, damage, theft, taking, destruction, attachment,
seizure, confiscation or requisition with respect to such Vehicle, however
caused or occasioned, and all other risks and liabilities, including personal
injury or death and property damage, arising with respect to such Vehicle or
the manufacture, purchase, acceptance, rejection, ownership, delivery, leasing,
subleasing, possession, use, inspection, registration, operation, condition,
maintenance, repair, storage, sale, return or other disposition of such
Vehicle, howsoever arising.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Casualty; Ineligible Vehicles</U>. If a Vehicle becomes a
Standard Casualty or an Ineligible Vehicle, then the Lessee will (i)&nbsp;promptly
notify the Lessor thereof and (ii)&nbsp;promptly, but in no event later than the
Payment Date with respect to the Related Month during which such Vehicle became
a Standard Casualty or an Ineligible Vehicle, pay to the Lessor the Termination
Value of such Vehicle (as of the date such Vehicle became a Standard Casualty
or an Ineligible Vehicle). Upon payment by the Lessee to the Lessor of the
Termination Value of any Vehicle that has become a Standard Casualty or an
Ineligible Vehicle (i)&nbsp;the Lessor shall cause title to such Vehicle to be
transferred to the Lessee to facilitate liquidation of such Vehicle by the
Lessee, (ii)&nbsp;the Lessee shall be entitled to any physical damage insurance
proceeds applicable to such Vehicle and (iii)&nbsp;the Administrator shall request
the Trustee to cause its Lien to be removed from the Certificate of Title for
such Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>VEHICLE USE</U>. So long as no AESOP I Operating Lease Event of
Default, Liquidation Event of Default or Limited Liquidation Event of Default
has occurred


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<P align="left" style="font-size: 10pt; text-align: left">(subject, however, to <U>Section&nbsp;2.6</U> hereof), the Lessee may
use each Vehicle leased hereunder in its regular course of business and may
sublease such Vehicle to Permitted Sublessees from time to time pursuant to
subleases (each such agreement, a &#147;<U>Sublease</U>&#148;), substantially in the form
of the agreement attached hereto as <U>Attachment C</U>, for use in the rental
car businesses of such Permitted Sublessees. Such use shall be confined
primarily to the United States; <U>provided</U>, <U>however</U>, that the
principal place of business or rental office of the Lessee and each Permitted
Sublessee with respect to the Vehicles is located in the United States. The
Administrator shall promptly and duly execute, deliver, file and record all
such documents, statements, filings and registrations and take such further
actions as the Lessor, the Lender or the Trustee shall from time to time
reasonably request in order to establish, perfect and maintain the Lessor&#146;s
title to and interest in the Vehicles and the Certificates of Title as against
the Lessee, each Permitted Sublessee or any third party in any
applicable jurisdiction and to establish, perfect and maintain the
Trustee&#146;s Lien on the Vehicles and the Certificates of Title (other than noting
the Lien of the Trustee on the Certificates of Title with respect to Vehicles
titled in the states of Ohio, Oklahoma and Nebraska) as a perfected first lien
in any applicable jurisdiction. The Lessee and each Permitted Sublessee may,
at its sole expense, change the place of principal location of any Vehicles.
Notwithstanding the foregoing, no change of location shall be undertaken unless
and until (x)&nbsp;all actions necessary to maintain the Lien of the Trustee on such
Vehicles and the Certificates of Title (other than noting the Lien of the
Trustee on the Certificates of Title with respect to Vehicles titled in the
states of Ohio, Oklahoma and Nebraska) with respect to such Vehicles shall have
been taken and (y)&nbsp;all legal requirements applicable to such Vehicles shall
have been met or obtained. Following the occurrence of an AESOP I Operating
Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation
Event of Default or a Manufacturer Event of Default, and upon the Lender&#146;s
request, the Lessee shall advise the Lender in writing where all Vehicles
leased hereunder as of such date are principally located. The Lessee shall not
knowingly use any Vehicles or knowingly permit the same to be used for any
unlawful purpose. The Lessee shall use reasonable precautions to prevent loss
or damage to Vehicles. The Lessee shall comply with all applicable statutes,
decrees, ordinances and regulations regarding acquiring, titling, registering,
leasing, insuring and disposing of Vehicles and shall take reasonable steps to
ensure that operators are licensed. The Lessee and the Lessor agree that the
Lessee shall perform, at the Lessee&#146;s own expense, such vehicle preparation and
conditioning services with respect to Vehicles leased hereunder as are
customary. The Lessor, the Lender or the Trustee or any authorized
representative of the Lessor, the Lender or the Trustee may during reasonable
business hours from time to time, without disruption of the Lessee&#146;s or any
Permitted Sublessee&#146;s business, subject to applicable law, inspect Vehicles and
registration certificates, Certificates of Title and related documents covering
Vehicles wherever the same be located. The Lessee shall not sublease any
Vehicles to any Person other than a Permitted Sublessee pursuant to a Sublease
and, except for a sublease to a Permitted Sublessee pursuant to a Sublease, the
Lessee shall not assign any right or interest herein or in any Vehicles;
<U>provided</U>, <U>however</U>, the foregoing shall not be deemed to prohibit
the Lessee or any Permitted Sublessee from renting Vehicles to third-party
customers in the ordinary course of its respective car rental business. If the
Lessee subleases any Vehicle to any Permitted Sublessee from time to time, the
Lessee shall nevertheless remain responsible for all obligations arising
hereunder with respect to such Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>LIENS</U>. Except for Permitted Liens, the Lessee shall keep all
Vehicles leased hereunder free of all Liens arising during the Term. If on the
Vehicle Operating Lease


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<P align="left" style="font-size: 10pt; text-align: left">Expiration Date for any Vehicle leased hereunder any
such Lien exists on such Vehicle, the Lessor may, in its discretion, remove
such Lien and any sum of money that may be paid by the Lessor in release or
discharge thereof, including attorneys&#146; fees and costs, will be paid by the
Lessee upon demand by the Lessor. The Lessor may grant security interests in
the Vehicles leased hereunder without consent of the Lessee; <U>provided</U>,
<U>however</U>, that if any such Liens would interfere with the rights of the
Lessee under this Agreement, the Lessor must obtain the prior written consent
of the Lessee. The Lessee agrees and acknowledges that the granting of Liens
and the taking of other actions pursuant to the Loan Agreements, the Indenture
and the other Related Documents does not interfere with the rights of the
Lessee under this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NON-DISTURBANCE</U>. So long as the Lessee satisfies its
obligations hereunder, its quiet enjoyment, possession and use of the Vehicles
leased hereunder will not be disturbed during the Term, subject, however, to
<U>Sections&nbsp;2.6</U> and <U>18</U> hereof and except that the Lessor and the
Trustee each retains the right, but not the duty, to inspect such Vehicles
without disturbing the ordinary conduct of the Lessee&#146;s or any Permitted
Sublessee&#146;s business. Upon the request of the Lessor, the Lender or the
Trustee from time to time, the Lessee will make reasonable efforts to confirm
to the Lessor, the Lender and the Trustee the location, mileage and condition
of each Vehicle leased hereunder and to make available for the Lessor&#146;s, the
Lender&#146;s or the Trustee&#146;s inspection within a reasonable time period, not to
exceed forty-five (45)&nbsp;days, such Vehicles at the location where such Vehicles
are normally domiciled. Further, the Lessee will, during normal business hours
and with a notice of three (3)&nbsp;Business Days, make its records pertaining to
the Vehicles leased hereunder available to the Lessor, the Lender or the
Trustee for inspection at the location where the Lessee&#146;s records are normally
domiciled.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>REGISTRATION; LICENSE; TRAFFIC SUMMONSES; PENALTIES AND FINES</U>. The
Lessee, at its expense, shall be responsible for proper registration and
licensing of the Vehicles leased hereunder, and titling of such Vehicles in the
name of the Lessor or its Permitted Nominee (with the Lien of the Trustee noted
thereon (except with respect to the Vehicles titled in the States of Oklahoma,
Nebraska and Ohio)), and, where required, shall have such Vehicles inspected by
any appropriate Governmental Authority; <U>provided</U>, <U>however</U>, that
notwithstanding the foregoing, possession of all Certificates of Title shall at
all times remain with (i)&nbsp;the Administrator, (ii)&nbsp;SGS Automotive Services,
Inc., (formerly known as and successor in interest to Intermodal Transportation
Services, Inc.), as agent for the Administrator, or (iii)&nbsp;any other titling
service, acting as agent for the Administrator, that is approved in writing by
the Required Noteholders of each Outstanding Series of Notes. The
Administrator, or its agent, shall hold such Certificates of Title in its
capacity as agent for the Lessor and on behalf of the Lender and the Trustee.
The Lessee shall be responsible for the payment of all registration fees, title
fees, license fees, traffic summonses, penalties, judgments and fines incurred
with respect to any Vehicle leased hereunder during the Vehicle Term for such
Vehicle or imposed during the Vehicle Term for such Vehicle by any Governmental
Authority or any court of law or equity with respect to such Vehicles in
connection with the Lessee&#146;s operation of such Vehicles. The Lessor agrees to
execute a power of attorney in substantially the form of <U>Attachment B</U>
hereto (each, a &#147;<U>Power of Attorney</U>&#148;), and such other documents as may be
necessary in order to allow the Lessee to title, register and dispose of the
Vehicles leased hereunder in accordance with the terms hereof; <U>provided</U>,
<U>however</U>, that possession of all Certificates of Title shall at all times
remain with the Administrator, or its agent, who will hold such Certificates of
Title in its capacity as agent for the Lessor and on behalf of the Lender and
the Trustee, and the Lessee


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<P align="left" style="font-size: 10pt; text-align: left">acknowledges and agrees that it has no right, title
or interest in or with respect to any Certificate of Title. Notwithstanding
anything herein to the contrary, the Lessor may terminate such Power of
Attorney as provided in <U>Section&nbsp;18.3(iii)</U> hereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>MAINTENANCE AND REPAIRS</U>. The Lessee shall pay for all maintenance and repairs to keep the
Vehicles leased hereunder in good working order and condition, and the Lessee
will maintain such Vehicles as required in order to keep the Manufacturer&#146;s
warranty in force. The Lessee will return Vehicles leased hereunder to an
authorized Manufacturer facility or the Lessee&#146;s Manufacturer authorized
warranty station for warranty work. The Lessee will comply with any
Manufacturer&#146;s recall of any Vehicle leased hereunder. The Lessee will pay, or
cause to be paid, all usual and routine expenses incurred in the use and
operation of the Vehicles leased hereunder including, but not limited to, fuel,
lubricants, and coolants. The Lessee agrees that it shall not make any
material alterations to any Vehicles leased hereunder without the prior consent
of the Lessor. Any improvements or additions to any Vehicles leased hereunder
shall become and remain the property of the Lessor, except that any addition to
Vehicles leased hereunder made by the Lessee shall remain the property of the
Lessee if such addition can be disconnected from such Vehicles without
impairing the functioning of such Vehicles or its resale value, excluding such
addition.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>VEHICLE WARRANTIES</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">12.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Lessor Warranties</U>. THE LESSEE ACKNOWLEDGES THAT THE
LESSOR IS NOT THE MANUFACTURER, THE AGENT OF THE MANUFACTURER, OR THE
DISTRIBUTOR OF THE VEHICLES LEASED HEREUNDER. THE LESSOR MAKES NO WARRANTY OR
REPRESENTATION, EXPRESS OR IMPLIED, AS TO THE FITNESS, SAFENESS, DESIGN,
MERCHANTABILITY, CONDITION, QUALITY, CAPACITY OR WORKMANSHIP OF THE VEHICLES
NOR ANY WARRANTY THAT THE VEHICLES WILL SATISFY THE REQUIREMENTS OF ANY LAW OR
ANY CONTRACT SPECIFICATION, AND AS BETWEEN THE LESSOR AND THE LESSEE, THE
LESSEE AGREES TO BEAR ALL SUCH RISKS AT ITS SOLE COST AND EXPENSE. THE LESSEE
SPECIFICALLY WAIVES ALL RIGHTS TO MAKE CLAIMS AGAINST THE LESSOR AND ANY
VEHICLE FOR BREACH OF ANY WARRANTY OF ANY KIND WHATSOEVER AND, AS TO THE
LESSOR, THE LESSEE LEASES THE VEHICLES &#147;AS IS.&#148; IN NO EVENT SHALL THE LESSOR BE
LIABLE FOR SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, WHATSOEVER OR
HOWSOEVER CAUSED.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">12.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Manufacturer&#146;s Warranties</U>. If a Vehicle leased hereunder is
covered by a Manufacturer&#146;s warranty, the Lessee, during the Vehicle Term for
such Vehicle, shall have the right to make any claims under such warranty which
the Lessor could make.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>VEHICLE USAGE GUIDELINES AND RETURN; SPECIAL DEFAULT PAYMENTS;
EARLY TERMINATION PAYMENTS</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">13.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Usage</U>. As used herein &#147;<U>Vehicle Turn-In Condition</U>&#148; (a)
with respect to each Program Vehicle leased hereunder will be determined in
accordance with the related Manufacturer Program and (b)&nbsp;with respect to each
Non-Program Vehicle leased hereunder shall mean (i)&nbsp;if such Non-Program Vehicle
is manufactured by the same Manufacturer as any


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<P align="left" style="font-size: 10pt; text-align: left">Program Vehicle leased
hereunder, the same standard as required with respect to such Program
Vehicle and (ii)&nbsp;if such Non-Program Vehicle does not satisfy <U>clause (i)</U>
above, that each such Vehicle shall have no body dents; rust; corrosion; paint
mismatches or special colors, or paint which is less than factory grade;
dented, rusted, broken or missing chrome or trim; ripped or stained upholstery,
seats, dash, headliner, carpeting, trunk, or convertible vinyl top; missing
interior trim; sprung or misaligned doors or their openings; worn, cracked,
split, broken or leaking weather-stripping; faulty window mechanisms; broken,
cracked or missing glass, mirrors or lights; faulty electronic systems,
including on-board computers, processors, sensors, controls, radios, stereos,
and the like; faulty heating, air conditioning or climate control systems; worn
or faulty shock absorbers or other suspension or steering parts, systems or
mechanisms; excessively worn tires; or any other condition that adversely
affects the appearance or operating condition of such Vehicle, in each case
other than any such condition that would reasonably be considered to be normal
wear and tear or otherwise <U>de</U> <U>minimis</U> by the Manufacturer of such
Vehicle (or its authorized agent) under such Manufacturer&#146;s manufacturer
program or, if such Manufacturer does not maintain a manufacturer program,
under the manufacturer program of another manufacturer with comparable sales
volume, and the equivalent of any Excess Damage Charges and Excess Mileage
Charges with respect to such Vehicle shall be determined by the Administrator
and the Lessor in accordance with the foregoing standard.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">13.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Return</U>. (a)&nbsp;The Lessee will, subject to <U>Sections
2.5</U>, <U>2.6</U> and <U>2.9</U>, return or cause to be returned each Program
Vehicle leased hereunder (other than a Standard Casualty or a Program Vehicle
which has become an Ineligible Vehicle) to the nearest related Manufacturer
official auction or other facility designated by such Manufacturer at the
Lessee&#146;s sole expense or to such other location designated by the Lessor (with
any additional cost of delivery in excess of what would have been incurred upon
delivery to the related Manufacturer at the expense of the Lessor), in each
case in accordance with the requirements of <U>Section&nbsp;3.1(b)</U> hereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lessee agrees that the Vehicles leased hereunder will be in
Vehicle Turn-In Condition upon return to or upon the order of the Lessor. Any
rebate or credits applicable to the unexpired term of any license plates for a
Vehicle leased hereunder shall inure to the benefit of the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">13.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special Default Payments</U>. (a)&nbsp;The Lessee will use its best
efforts to maintain the Program Vehicles leased hereunder such that no Excess
Damage Charges or Excess Mileage Charges will be deductible from the Repurchase
Price due from a Manufacturer or payable by the Lessor upon the turn back of
such Program Vehicles under the applicable Manufacturer Program. Upon (i)&nbsp;the
deposit of the Repurchase Price of any Program Vehicle leased hereunder payable
by the Manufacturer in the Collection Account or a Joint Collection Account (or
the deposit of the Repurchase Price of any Program Vehicle sold through an
auction conducted by or through a Manufacturer in the Collection Account or a
Joint Collection Account), or (ii)&nbsp;the date by which the Repurchase Price of
such Program Vehicle would have been paid if not for a Manufacturer Event of
Default, the Lessor will charge the Lessee for any Excess Damage Charges and/or
Excess Mileage Charges
applicable to such Program Vehicle pursuant to the applicable Manufacturer
Program (any such charges are referred to as &#147;<U>Program Vehicle Special
Default Payments</U>&#148;).


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lessee will use its best efforts to maintain the Non-Program
Vehicles leased hereunder in a manner such that no Non-Program Vehicle Special
Default Payments (as defined below) shall be due upon disposition of such
Non-Program Vehicles by or for the benefit of the Lessor. Upon disposition of
each Non-Program Vehicle leased hereunder by or for the benefit of the Lessor,
other than the sale of any Non-Program Vehicle to the Lessee in accordance with
the terms hereof, the Lessor will charge the Lessee (i)&nbsp;if such Non-Program
Vehicle is manufactured by the same Manufacturer as any Program Vehicle or is
subject to a Manufacturer Program, an amount equal to any Excess Damage Charges
and/or Excess Mileage Charges that would be applicable to the comparable
Program Vehicle pursuant to the applicable Manufacturer Program or an amount
equal to any Excess Damage Charges and/or Excess Mileage Charges that are
applicable to such Vehicle pursuant to the applicable Manufacturer Program, as
the case may be, and (ii)&nbsp;if such Non-Program Vehicle is subject to a Vehicle
Turn-In Condition standard established pursuant to <U>Section&nbsp;13.1(b)(ii)</U>,
an amount equal to any charges applicable to such Non-Program Vehicle pursuant
to such Vehicle Turn-In Condition standard (any such charges are referred to as
&#147;<U>Non-Program Vehicle Special Default Payments</U>&#148; and, together with the
Program Vehicle Special Default Payments, the &#147;<U>Special Default
Payments</U>&#148;).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On each Payment Date, the Lessee shall pay to the Lessor all Special
Default Payments that have accrued during the Related Month. The obligation of
the Lessee to pay Special Default Payments shall constitute the sole remedy
respecting the breach of its covenant contained in the first sentence of each
of <U>Section&nbsp;13.3(a)</U> and <U>13.3(b)</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this <U>Section&nbsp;13.3</U> will survive the expiration
or earlier termination of the Term.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">13.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Early Termination Payments</U>. With respect to any Program
Vehicle leased hereunder that is turned back to the Manufacturer under its
Manufacturer Program (including by the Intermediary pursuant to the Master
Exchange Agreement), upon the earlier of (i)&nbsp;the deposit of the Repurchase
Price of such Vehicle in the Collection Account or a Joint Collection Account
and (ii)&nbsp;the date by which such Repurchase Price would have been paid if not
for a Manufacturer Event of Default, the Lessor will charge the Lessee an
amount equal to (i)&nbsp;the excess, if any, of (x)&nbsp;the Termination Value of such
Vehicle (as of the Turnback Date) over (y)&nbsp;the sum of the Repurchase Price
received with respect to such Vehicle or that would have been received but for
a Manufacturer Event of Default, as applicable, and any Special Default
Payments made by the Lessee in respect of such Vehicle pursuant to <U>Section
13.3</U>, <U>plus</U> (ii)&nbsp;any unpaid Monthly Base Rent for the Minimum Term
with respect to such Vehicle <U>plus</U> any early turn back charges payable or
deductible from the Repurchase Price of such Vehicle in accordance with
<U>Section&nbsp;3.1(b)</U> hereof (any such amount is referred to as an &#147;<U>Early
Termination Payment</U>&#148;). On each Payment Date, the Lessee shall pay to the
Lessor all Early Termination Payments that have accrued during the Related
Month. The provisions of this <U>Section&nbsp;13.4</U> will survive the expiration
or earlier termination of the Term.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DISPOSITION PROCEDURE</U>. The Lessee will comply with the requirements of law and the
requirements of the Manufacturer Programs in connection with, among other
things, the delivery of Certificates of Title and documents of transfer signed
as necessary, signed Condition Reports, and signed odometer statements to be
submitted with the Program Vehicles or Non-Program Vehicles returned to a
Manufacturer pursuant to <U>Section</U>&nbsp;


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<P align="left" style="font-size: 10pt; text-align: left"><U>2.6(a)</U>
or <U>(b)</U> and accepted by
the Manufacturer or its agent at the time of Program Vehicle or Non-Program
Vehicle return.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ODOMETER DISCLOSURE REQUIREMENT</U>. The Lessee agrees to comply
with all requirements of law and all Manufacturer Program requirements with
respect to each Vehicle leased hereunder in connection with the transfer of
ownership by the Lessor of any such Vehicle, including, without limitation, the
submission of any required odometer disclosure statement at the time of any
such transfer of ownership.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>GENERAL INDEMNITY</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">16.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnity by the Lessee</U>. The Lessee agrees to indemnify and
hold harmless the Lessor, the Lender, the Intermediary and the Trustee and the
Lessor&#146;s, the Lender&#146;s, the Intermediary&#146;s and the Trustee&#146;s respective
directors, officers, stockholders, agents and employees (collectively, the
&#147;<U>Indemnified Persons</U>&#148;), on a net after-tax basis against any and all
claims, demands and liabilities of whatsoever nature and all costs and expenses
relating to or in any way arising out of:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the ordering, delivery, acquisition, title on acquisition,
rejection, installation, possession, titling, retitling, registration,
re-registration, custody by the Lessee or its agent of title and
registration documents, use, non-use, misuse, operation, deficiency,
defect, transportation, repair, control or disposition of any Vehicle
leased hereunder or to be leased hereunder pursuant to a request by the
Lessee. The foregoing shall include, without limitation, any liability
(or any alleged liability) of the Lessor to any third party arising out
of any of the foregoing, including, without limitation, all legal fees,
costs and disbursements arising out of such liability (or alleged
liability);



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all (i)&nbsp;federal, state, county, municipal or foreign
license, qualification, registration, franchise, sales, use, gross
receipts, ad valorem, business, property (real or personal), excise,
motor vehicle, and occupation fees and taxes, and all federal, state and
local income taxes, and penalties and interest thereon, and all other
taxes, fees and assessments of any kind whatsoever whether assessed,
levied against or payable by the Lessor or otherwise, with respect to any
Vehicle leased hereunder or the acquisition, purchase, sale, rental,
delivery, use, operation, control, ownership or disposition of any such
Vehicle or measured in any way by the value thereof or by the ownership
by the Lessor with respect thereto and (ii)&nbsp;documentary, stamp, filing,
recording, mortgage or other taxes, if any, which may be payable by the
Lessor in connection with this Agreement or any other Related Documents;
<U>provided</U>, <U>however</U>, that the following taxes are excluded
from the indemnity provided in <U>clauses (i)</U> and <U>(ii)</U> above:



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(i)&nbsp;any tax on, based on, with respect to, or measured by net
income (including federal alternative minimum tax) other than any
taxes or other charges which may be imposed as a result of any
determination by a taxing authority that the Lessor is not the
owner for tax purposes of the Vehicles leased hereunder or that
this Agreement is not a &#147;true lease&#148; for tax purposes or that
depreciation deductions that would be available to the owner of
such Vehicles are disallowed, or that the Lessor is not entitled to
include the full purchase price for any such


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<P align="left" style="margin-left:10%; font-size: 10pt">Vehicle in basis
including any amounts payable in respect of interest charges,
additions to tax and penalties that may be imposed, and all
attorneys and accountants fees and expenses and all other fees and
expenses that may be incurred in defending against or contesting
any such determination;



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any withholding tax imposed by the United States federal
government other than such a tax imposed as a result of a change in
law enacted (including new interpretations thereof), adopted or
promulgated after the Initial Closing Date or, if later, the date
the Trustee or the Lender acquires its interest in the Vehicles
leased hereunder or the Loan Agreements, the Indenture, the
Assignment Agreements, or any other related operative documents
that causes it to be an Indemnified Person hereunder unless such a
tax is enacted, adopted or promulgated as a tax in lieu of, or in
substitution for a tax not otherwise indemnifiable hereunder;



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any tax with respect to any Vehicle leased hereunder or
any transaction relating to such Vehicle to the extent it covers
any period beginning after the earlier of (A)&nbsp;the discharge in full
of the Lessee&#146;s obligation to pay Monthly Base Rent, Supplemental
Rent and any other amount payable hereunder with respect to such
Vehicle and (B)&nbsp;the expiration or other termination of this
Agreement with respect to such Vehicle, unless such tax accrues in
respect of any period during which the Lessee holds over such
Vehicle; and



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any tax that is imposed on an Indemnified Person or any
of its Affiliates, to the extent that such tax results from the
willful misconduct or gross negligence of such Indemnified Person
or such Affiliates;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any violation by the Lessee of this Agreement or of any
Related Documents to which the Lessee is a party or by which it is bound
or of any laws, rules, regulations, orders, writs, injunctions, decrees,
consents, approvals, exemptions, authorizations, licenses and
withholdings of objecting of any governmental or public body or authority
and all other requirements having the force of law applicable at any time
to any Vehicle leased hereunder or any action or transaction by the
Lessee with respect thereto or pursuant to this Agreement;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all out of pocket costs of the Lessor (including the fees
and out of pocket expenses of counsel for the Lessor) in connection with
the execution, delivery and performance of this Agreement and the other
Related Documents;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all out of pocket costs and expenses (including reasonable
attorneys&#146; fees and legal expenses) incurred by the Lessor, the Lender,
the Intermediary or the Trustee in connection with the administration,
enforcement, waiver or amendment of this Agreement and any other Related
Documents and all indemnification obligations of the Lender or the Lessor
under the Related Documents (including all obligations of the Lessor
under <U>Section&nbsp;13.4</U> and <U>Section&nbsp;13.5</U> of the AESOP I
Operating Lease Loan Agreement); and


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">16.1.6. all costs, fees, expenses, damages and liabilities
(including, without limitation, the fees and out of pocket expenses of
counsel) in connection with, or arising out of, any claim made by any
third party against the Lessor for any reason (including, without
limitation, in connection with any audit or investigation conducted by a
Manufacturer under its Manufacturer Program).



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">If the Lessor shall actually receive any tax benefit (whether by way of
offset, credit, deduction, refund or otherwise) not already taken into
account in calculating the net after-tax basis for such payment as a
result of the payment of any tax indemnified pursuant to this <U>Section
16</U> or in connection with the circumstances giving rise to the
imposition of such tax, such tax benefit shall be used to offset any
indemnity payment owed pursuant to this <U>Section&nbsp;16</U> or shall be
paid to the Lessee (but only to the extent of any prior indemnity
payments actually made pursuant to this <U>Section&nbsp;16</U> and only after
the Lessor shall actually receive such tax benefits); <U>provided</U>,
<U>however</U>, that no such payment to the Lessee shall be made while an
AESOP I Operating Lease Event of Default shall have occurred and be
continuing.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">16.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement Obligation by the Lessee</U>. The Lessee shall
forthwith upon demand reimburse the Lessor or the relevant Indemnified Person
for any sum or sums expended with respect to any of the foregoing;
<U>provided</U>, <U>however</U>, that to the extent such amounts constitute
Excluded Payments, such amounts shall be paid only to the AESOP I Segregated
Account; and <U>provided</U> <U>further</U> that, if so requested by the
Lessee, the Lessor or the relevant Indemnified Person shall submit to the
Lessee a statement documenting any such demand for reimbursement or prepayment.
To the extent that the Lessee in fact indemnifies the Lessor or the relevant
Indemnified Person under the indemnity provisions of this Agreement, the Lessee
shall be subrogated to the Lessor&#146;s or the relevant Indemnified Person&#146;s rights
in the affected transaction and shall have a right to determine the settlement
of claims therein. The foregoing indemnity as contained in this <U>Section
16</U> shall survive the expiration or earlier termination of this Agreement or
any lease of any Vehicle hereunder.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">16.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defense of Claims</U>. The Lessor agrees to notify the Lessee of
any claim made against it for which the Lessee may be liable pursuant to this
<U>Section&nbsp;16</U> and, if the Lessee requests, to contest or allow the Lessee
to contest such claim. If any AESOP I Operating Lease Event of Default shall
have occurred and be continuing, no contest shall be required, and any contest
which has begun shall not be required to be continued to be pursued, unless
arrangements to secure the payment of the
Lessee&#146;s obligations pursuant to this <U>Section&nbsp;16</U> hereunder have
been made and such arrangements are reasonably satisfactory to the Lessor. The
Lessor shall not settle any such claim without the Lessee&#146;s consent, which
consent shall not be unreasonably withheld. Defense of any claim referred to
in this <U>Section&nbsp;16</U> for which indemnity may be required shall, at the
option and request of the Indemnified Person, be conducted by the Lessee. The
Lessee will inform the Indemnified Person of any such claim and of the defense
thereof and will provide copies of material documents relating to any such
claim or defense to such Indemnified Person upon request. Such Indemnified
Person may participate in any such defense at its own expense provided such
participation does not interfere with the Lessee&#146;s assertion of such claim or
defense. The Lessee agrees that no Indemnified Person will be liable to the
Lessee for any claim caused directly or indirectly by the inadequacy of any
Vehicle leased hereunder for any purpose or any deficiency or defect therein or
the use or maintenance thereof or any repairs,


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<P align="left" style="font-size: 10pt; text-align: left">servicing or adjustments thereto
or any delay in providing or failure to provide such repairs, servicing or
adjustments or any interruption or loss of service or use thereof or any loss
of business, all of which shall be the risk and responsibility of the Lessee.
The rights and indemnities of each Indemnified Person hereunder are expressly
made for the benefit of, and will be enforceable by, each Indemnified Person
notwithstanding the fact that such Indemnified Person is either no longer a
party to (or entitled to receive the benefits of) this Agreement, or was not a
party to (or entitled to receive the benefits of) this Agreement at its outset.
Except as otherwise set forth herein, nothing herein shall be deemed to
require the Lessee to indemnify the Lessor for any of the Lessor&#146;s acts or
omissions which constitute gross negligence or willful misconduct. This
general indemnity shall not affect any claims of the type discussed above which
the Lessee may have against the Manufacturer.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ASSIGNMENT</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">17.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right of the Lessor to Assign this Agreement</U>. The Lessor
shall have the right to finance the acquisition and ownership of Vehicles by
selling or assigning, in whole or in part, its right, title and interest in
this Agreement, including, without limitation, in moneys due from the Lessee
and any third party under this Agreement and in any security therefor;
<U>provided</U>, <U>however</U>, that any such sale or assignment shall be
subject to the rights and interest of the Lessee in the Vehicles leased
hereunder, including but not limited to the Lessee&#146;s right of quiet and
peaceful possession of such Vehicles as set forth in <U>Section&nbsp;9</U> hereof,
and under this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">17.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations on the Right of the Lessee to Assign this
Agreement</U>. The Lessee agrees that it shall not, without prior written
consent of the Lessor, CRCF and the Trustee and without having satisfied the
Rating Agency Consent Condition, assign this Agreement or any of its rights
hereunder to any other party; <U>provided</U>, <U>however</U>, that the Lessee
may rent the Vehicles leased hereunder under the terms of its normal daily
rental programs and/or sublease such Vehicles to Permitted Sublessees pursuant
to a Sublease. Any purported assignment in violation of this <U>Section
17.2</U> shall be void and of no force or effect. Nothing contained herein
shall be deemed to restrict the right of the Lessee to acquire or dispose of,
by
purchase, lease, financing, or otherwise, motor vehicles that are not
subject to the provisions of this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DEFAULT AND REMEDIES THEREFOR</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Events of Default</U>. Any one or more of the following will
constitute an event of default (an &#147;<U>AESOP I Operating Lease Event of
Default</U>&#148;) as that term is used herein:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there occurs (i)&nbsp;a default in the payment of the portion of
Monthly Base Rent that relates to the Loan Principal Amount, the Special
Default Payments, the Early Termination Payments, Vehicle Purchase Price
or Termination Value upon a Standard Casualty or when a Vehicle becomes
an Ineligible Vehicle or upon a Vehicle Return Default or any
Supplemental Rent (to the extent not included in any of the foregoing)
and the continuance thereof for a period of five (5)&nbsp;Business Days or
(ii)&nbsp;a default and continuance thereof for five (5)&nbsp;Business Days after
notice thereof by the Lessor or the Trustee to the Lessee in the payment
of any amount payable under this Agreement (other than amounts described
in <U>clause (i)</U> above);



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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.2. any unauthorized assignment or transfer of this Agreement
by the Lessee occurs;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.3. the failure, in any material respect, of the Lessee to
maintain, or cause to be maintained, insurance as required in <U>Section
5</U> or <U>Section&nbsp;31.3</U>;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.4. the failure of the Lessee to observe or perform any other
covenant, condition, agreement or provision hereof, and such default
continues for more than thirty (30)&nbsp;days after the date written notice
thereof is delivered by the Lessor or the Trustee to the Lessee;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.5. if any representation or warranty made by the Lessee herein
is inaccurate or incorrect or is breached or is false or misleading in
any material respect as of the date of the making thereof or any
schedule, certificate, financial statement, report, notice, or other
writing furnished by or on behalf of the Lessee to the Lessor or the
Trustee is false or misleading in any material respect on the date as of
which the facts therein set forth are stated or certified, and the
circumstance or condition in respect of which such representation,
warranty or writing was inaccurate, incorrect, breached, false or
misleading in any material respect, as the case may be, shall not have
been eliminated or otherwise cured for thirty (30)&nbsp;days after the earlier
of (x)&nbsp;the date of the receipt of written notice thereof from the Lessor,
the Lender or the Trustee to the Lessee and (y)&nbsp;the date the Lessee
learns of such circumstance or condition;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.6. an Event of Bankruptcy occurs with respect to the Lessee or
any Permitted Sublessee;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.7. a Loan Event of Default occurs;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.8. a Finance Lease Event of Default or an AESOP II Operating
Lease Event of Default occurs; or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">18.1.9. the Pension Benefit Guaranty Corporation or the Internal
Revenue Service shall have filed notice of one or more liens against the
Lessee (unless such lien does not purport to cover the Collateral or any
amount payable under the Leases), and, in the case of notice filed by the
Internal Revenue Service, such notice shall have remained in effect for
more than thirty (30)&nbsp;days unless, prior to the expiration of such
period, the Lessee shall have provided the Lessor with a bond in an
amount at least equal to the amount of such lien or, in the case of any
such lien in an amount less than $1,000,000, the Lessee shall have
established to the reasonable satisfaction of the Lessor that such lien
is being contested in good faith and that adequate reserves have been
established in respect of the claim giving rise to such lien.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.2. <U>Effect of AESOP I Operating Lease Event of Default or Liquidation
Event of Default</U>. If any AESOP I Operating Lease Event of Default
described in <U>Section&nbsp;18</U> or any Liquidation Event of Default shall occur,
(i)&nbsp;the Lessor may terminate the rights of the Lessee to place Vehicle Orders
pursuant to <U>Section&nbsp;2.1</U> and to lease additional Vehicles from the
Lessor, and (ii)&nbsp;if CRCF has declared the Loan Note under any Loan Agreement to
be due and payable pursuant to <U>Section&nbsp;12.2</U> of such Loan Agreement, (x)
this Agreement shall automatically


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">terminate and any accrued and unpaid Monthly
Base Rent, Supplemental Rent and all other payments accrued but unpaid under
this Agreement (calculated as if the full amount of interest on such Loan Note
was then due and payable in full) shall, automatically, without further action
by the Lessor or the Trustee, become immediately due and payable and (y)&nbsp;the
Lessee shall, at the request of the Lessor, the Lender or the Trustee, return
or cause to be returned all Vehicles subject to this Agreement (and the
Administrator shall deliver or cause to be delivered to the Trustee the
Certificates of Title relating thereto) to the Lessor in accordance with the
provisions of <U>Section&nbsp;13.2</U> hereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.3. <U>Rights of Lessor Upon AESOP I Operating Lease Event of Default,
Limited Liquidation Event of Default or Liquidation Event of Default</U>. If
an AESOP I Operating Lease Event of Default, Limited Liquidation Event of
Default or Liquidation Event of Default shall occur, then the Lessor at its
option may:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;proceed by appropriate court action or actions, either at law or
in equity, to enforce performance by the Lessee of the applicable
covenants and terms of this Agreement or to recover damages for the
breach hereof calculated in accordance with <U>Section&nbsp;18.5</U>; and/or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by notice in writing to the Lessee, terminate this Agreement in
its entirety and/or the right of possession hereunder of the Lessee of
the Vehicles leased hereunder, and the Lessor may direct delivery by the
Lessee of documents of title to the Vehicles leased hereunder, whereupon
all rights and interests of the Lessee to such Vehicles will cease and
terminate (but the Lessee will remain liable hereunder as herein
provided; <U>provided</U>, <U>however</U>, that its liability will be
calculated in accordance with <U>Section&nbsp;18.5</U>); and thereupon, the
Lessor or its agents or assignees may peaceably enter upon the premises
of the Lessee or other premises where such Vehicles may be located
(including, without limitation, the premises of any Permitted Sublessee)
and take possession of them and thenceforth hold, possess and enjoy the
same free from any right of the Lessee or its successors or assigns, to
use such Vehicles for any purpose whatsoever, and the Lessor will,
nevertheless, have a right to recover from the Lessee any and all amounts
which under the terms of this <U>Section&nbsp;18.3</U> (as limited by
<U>Section&nbsp;18.5</U> of this Agreement) as may be then due. The Lessor
will provide the Lessee with written notice of the place and time of the
sale at least five (5)&nbsp;days prior to the proposed sale, which shall be
deemed commercially reasonable, and the Lessee may purchase such
Vehicle(s) at the sale. Each and every power and remedy hereby
specifically given to the Lessor will be in addition to every other power
and remedy hereby specifically given or now or hereafter existing at law,
in equity or in bankruptcy and each and every power and remedy may be
exercised from time to time and simultaneously and as often and in such
order as may be deemed expedient by the Lessor; <U>provided</U>,
<U>however</U>, that the measure of damages recoverable against the
Lessee will in any case be calculated in accordance with <U>Section
18.5</U>. All such powers and remedies will be cumulative, and the
exercise of one will not be deemed a waiver of the right to exercise any
other or others. No delay or omission of the Lessor in the exercise of
any such power or remedy and no renewal or extension of any payments due
hereunder will impair any such power or remedy or will be construed to be
a waiver of any default or any acquiescence therein. Any extension of
time for payment hereunder or other indulgence duly granted to the Lessee
will not otherwise alter or affect


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 0%">the Lessor&#146;s rights or the obligations
hereunder of the Lessee. The Lessor&#146;s acceptance of any payment after it
will have become due hereunder will not be deemed to alter or affect the
Lessor&#146;s rights hereunder with respect to any subsequent payments or
defaults therein; and/or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;proceed by appropriate court action or actions, either at law
or in equity, to enforce performance by any Permitted Sublessee of the
applicable covenants and terms of
the related Sublease or to recover damages or any other amounts
payable under such Sublease; and/or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by notice in writing to the Lessee, terminate the Power of
Attorney.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.4. <U>Rights of Lender and Trustee Upon Liquidation Event of Default,
Limited Liquidation Event of Default and Non-Performance of Certain
Covenants</U>.<U></U> (i)&nbsp;If a Liquidation Event of Default or a Limited
Liquidation Event of Default shall have occurred and be continuing, the Lender
and the Trustee, to the extent provided in the Indenture, shall have the rights
against the Lessee, and the AESOP I Operating Lease Loan Collateral provided in
the Base Indenture upon a Liquidation Event of Default or a Limited Liquidation
Event of Default, as the case may be, including the right to take possession of
all or a portion of the Vehicles leased hereunder immediately from the Lessee
or a Permitted Sublessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Lessee shall default in the due performance and observance of
any of its obligations under <U>Sections&nbsp;31.3</U>, <U>31.4</U>,
<U>31.5(iv)</U>, <U>31.10</U>, <U>32.3</U> or <U>32.4</U> hereof, and such
default shall continue unremedied for a period of thirty (30)&nbsp;days after notice
thereof shall have been given to the Lessee by the Lessor, the Lender or the
Trustee, the Trustee, as assignee of the Lessor&#146;s rights hereunder, shall have
the ability to exercise all rights, remedies, powers, privileges and claims of
the Lessee or the Intermediary against the Manufacturers under or in connection
with the Manufacturer Programs with respect to (i)&nbsp;Program Vehicles leased
hereunder that the Lessee has determined to turn back to the Manufacturers
under such Manufacturer Programs (excluding Relinquished Vehicles) and (ii)
whether or not the Lessee shall then have determined to turn back such Program
Vehicles, any Program Vehicles leased hereunder for which the applicable
Repurchase Period will end within one week or less.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon a default in the performance (after giving effect to any grace
periods provided herein) by the Lessee of its obligations hereunder to keep the
Vehicles leased hereunder free of Liens (other than Permitted Liens) and to
maintain the Trustee&#146;s first-priority perfected security interest in the AESOP
I Operating Lease Loan Collateral, the Lessor or the Trustee shall have the
right to take actions reasonably necessary to correct such default with respect
to the subject Vehicles including the execution of UCC financing statements
with respect to Manufacturer Programs and other general intangibles and the
completion of Vehicle Perfection and Documentation Requirements on behalf of
the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of a Liquidation Event of Default or a Limited
Liquidation Event of Default, the Lessee shall return or cause to be returned
any Program Vehicles leased hereunder to the related Manufacturer in accordance
with the instructions of the Lessor. To the extent any Manufacturer fails to
accept any such Program Vehicles under the terms of the applicable Manufacturer
Program, the Lessor shall have the right to otherwise dispose of such Program
Vehicles and to direct the Lessee to dispose of such Program Vehicles in
accordance with its instructions. Upon the occurrence of a Liquidation Event
of Default or a Limited Liquidation Event of Default, the Lessee shall dispose
of any Non-Program Vehicles leased hereunder in accordance with the
instructions of the Lessor. To the extent the Lessee fails to so dispose of
any such Non-Program Vehicles, the Lessor shall have the right to otherwise


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">dispose of such Non-Program Vehicles. In addition, following the
occurrence of a Liquidation Event of Default or a Limited Liquidation Event of
Default, the Lessor shall have all of the rights, remedies, powers, privileges
and claims vis-&#224;-vis the Lessee, necessary or desirable to allow (a)&nbsp;the Lender
to exercise the rights, remedies, powers, privileges and claims given to the
Lender pursuant to <U>Section&nbsp;12.3</U> of the AESOP I Operating Lease Loan
Agreement, and the Lessee acknowledges that it has hereby granted to the Lessor
all of the rights, remedies, powers, privileges and claims granted by the
Lessor to the Lender pursuant to <U>Article&nbsp;7</U> of the AESOP I Operating
Lease Loan Agreement and that, under the circumstances set forth in the AESOP I
Operating Lease Loan Agreement, the Lender may act in lieu of the Lessor in the
exercise of such rights, remedies, powers, privileges and claims and (b)&nbsp;the
Trustee to exercise the rights, remedies, powers, privileges and claims given
to the Trustee pursuant to <U>Sections&nbsp;3.3</U> and <U>9.2</U> of the Base
Indenture, and the Lessee acknowledges that (x)&nbsp;it has hereby granted to the
Lessor all of the rights, remedies, powers, privileges and claims granted by
the Lender to the Trustee pursuant to <U>Article&nbsp;3</U> of the Base Indenture
and that, under certain circumstances set forth in the Base Indenture, the
Trustee may act in lieu of the Lessor in the exercise of such rights, remedies,
powers, privileges and claims and (y)&nbsp;under certain circumstances the Trustee
may act in lieu of the Lessor in the exercise of the rights, remedies, powers,
privileges and claims of the Lessor hereunder.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.5. <U>Measure of Damages</U>. If an AESOP I Operating Lease Event of
Default, a Limited Liquidation Event of Default or a Liquidation Event of
Default occurs and the Lessor, the Lender or the Trustee exercises the remedies
granted to the Lessor, the Lender or the Trustee under this <U>Article&nbsp;18</U>,
the amount that the Lessor shall be permitted to recover shall be equal to:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Monthly Base Rent, all Supplemental Rent and all other
payments payable under this Agreement (calculated as provided in
<U>Section&nbsp;18.2</U>); <U>plus</U>



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any damages and expenses, including reasonable attorneys&#146; fees
and expenses (but excluding net after-tax losses of federal and state
income tax benefits to which the Lessor would otherwise be entitled as a
result of this Agreement), which the Lessor, the Lender or the Trustee
will have sustained by reason of the AESOP I Operating Lease Event of
Default, Limited Liquidation Event of Default or Liquidation Event of
Default, together with reasonable sums for such attorneys&#146; fees and such
expenses as will be expended or incurred in the seizure, storage, rental
or sale of the Vehicles leased hereunder or in the enforcement of any
right or privilege hereunder or in any consultation or action in such
connection; <U>plus</U>



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;interest on amounts due and unpaid under this Agreement at the
applicable Lender&#146;s Carrying Cost Interest Rate plus 1.0% from time to
time computed from the date of the AESOP I Operating Lease Event of
Default, Limited Liquidation Event of Default or Liquidation Event of
Default or the date payments were originally due to the Lessor under this
Agreement or from the date of each expenditure by the Lessor, the


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 0%">Lender
or the Trustee which is recoverable from the Lessee pursuant to this
<U>Section&nbsp;18</U>, as applicable, to and including the date payments are
made by the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.6. <U>Vehicle Return Default</U>. If the Lessee fails to comply with
the provisions of (a) <U>Section&nbsp;13.2</U> hereof with respect to any Vehicle
leased hereunder or (b) <U>Section&nbsp;3.1</U> with respect to returning or causing
to be returned any Program Vehicles leased hereunder to the related
Manufacturer not later than the end of the Maximum Term (each, a &#147;<U>Vehicle
Return Default</U>&#148;), and the Vehicle is not redesignated as a Non-Program
Vehicle in accordance with <U>Section&nbsp;2.7</U>, then the Lessor at its option
may:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;proceed by appropriate court action or actions, either at law or
equity, to enforce performance by the Lessee of such covenants and terms
of this Agreement or to recover damages for the breach hereof calculated
in accordance with <U>Section&nbsp;18.5</U> as it relates to such Vehicle; or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by notice in writing to the Lessee following the occurrence of
such Vehicle Return Default, terminate the Agreement with respect to such
Vehicle and/or the right of possession hereunder of the Lessee with
respect to such Vehicle and the Lessor may direct delivery by the Lessee
of documents of title to such Vehicle, whereupon all rights and interests
of the Lessee to such Vehicle will cease and terminate (but the Lessee
will remain liable hereunder as herein provided; <U>provided</U>,
<U>however</U>, that its liability will be calculated in accordance with
<U>Section&nbsp;18.5</U> as it relates to such Vehicle); and thereupon the
Lessor or its agents or assignees may peaceably enter upon the premises
of the Lessee or other premises where such Vehicle may be located
(including, without limitation, the premises of any Permitted Sublessee)
and take possession of it and thenceforth hold, possess and enjoy the
same free from any right of the Lessee or its successors or assigns to
use such Vehicle for any purpose whatsoever and the Lessor will
nevertheless have a right to recover from the Lessee any and all amounts
which, under the terms of this Agreement may then be due. The Lessor
will provide the Lessee with written notice of the place and time of the
sale of such Vehicle at least five (5)&nbsp;days prior to the proposed sale,
which sale shall be deemed commercially reasonable and the Lessee may
purchase the Vehicle at such sale; or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;hold, keep idle or lease to others such Vehicle, as the Lessor
in its sole discretion may determine, free and clear of any rights of the
Lessee without any duty to account to the Lessee with respect to such
action or inaction or for any proceeds with respect to such action or
inaction except that the Lessee&#146;s obligation to pay Monthly Base Rent for
periods commencing after the Lessee shall have been deprived of the use
of such Vehicle pursuant to this <U>clause (iii)</U> shall be reduced by
the net proceeds, if any, received by the Lessor from leasing such
Vehicle to any person other than the Lessee for the same period or any
portion thereof; or



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;whether or not the Lessor shall have exercised or shall
thereafter exercise any of the rights under the foregoing <U>clauses
(i)</U>, <U>(ii)</U> or <U>(iii)</U>, demand by written notice to the
Lessee that the Lessee pay to the Lessor immediately, and the Lessee
shall so pay to the Lessor as liquidated damages for loss of a bargain
and not as a penalty, any unpaid Monthly Base Rent due through the
Payment Date with respect to the Related Month


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 0%">during which such Vehicle
is rejected by the Manufacturer or otherwise is not returned to the Manufacturer or on the date the
Lessee is required to, but does not, sell, return or otherwise dispose of
such Vehicle pursuant to <U>Section&nbsp;3.1</U> or <U>2.6</U> hereof, any
Supplemental Rent then accrued and unpaid plus whichever of the following
amounts the Lessor, in its sole discretion shall specify in such notice:



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an amount equal to the excess, if any, of the Termination
Value for such Vehicle over the Market Value of such Vehicle as of
(a)&nbsp;the date such Vehicle (if such Vehicle is a Program Vehicle) is
rejected by a Manufacturer for not meeting its Manufacturer
Program&#146;s Vehicle Turn-In Condition guidelines, or (b)&nbsp;the date the
Lessee is required to, but does not, sell, return or otherwise
dispose of such Vehicle (if such Vehicle is a Non-Program Vehicle)
pursuant to <U>Section&nbsp;3.1</U> or <U>2.6</U> hereof; or



<P align="left" style="margin-left:10%; font-size: 10pt; text-indent: 5%">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an amount equal to the Termination Value for such Vehicle
as of (a)&nbsp;the date such Vehicle is rejected by a Manufacturer for
not meeting its Manufacturer Program&#146;s Vehicle Turn-In Condition
guidelines (if such Vehicle is a Program Vehicle), or (b)&nbsp;the date
the Lessee is required to, but does not, sell, return or otherwise
dispose of such Vehicle (if such Vehicle is a Non-Program Vehicle)
pursuant to <U>Section&nbsp;3.1</U> or <U>2.6</U> hereof, in which event
(x)&nbsp;the Lessor shall cause title to such Vehicle to be transferred
to the Lessee, (y)&nbsp;the Lessee shall be entitled to any physical
damage insurance proceeds applicable to such Vehicle, and (z)&nbsp;the
Administrator shall request the Trustee to cause its Lien to be
removed from the Certificate of Title for such Vehicle.



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Lessor shall have sold any Vehicle pursuant to <U>clause
(ii)</U> above, the Lessor in lieu of exercising its rights under
<U>clause (iv)</U> above with respect to such Vehicle may, if it shall so
elect, demand that the Lessee pay to the Lessor and the Lessee shall pay
to the Lessor on the date of such sale as liquidated damages for loss of
a bargain and not as a penalty, any unpaid Monthly Base Rent and
Supplemental Rent due through such date of sale plus the amount of any
deficiency between the net proceeds of such sale and the Termination
Value of such Vehicle computed as of the date of the sale.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">18.7. <U>Application of Proceeds</U>. The proceeds of any sale or other
disposition pursuant to <U>Section&nbsp;18.2</U>, <U>18.3</U> or <U>18.6</U> shall
be applied by the Lessor in its sole discretion as the Lessor deems
appropriate.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>MANUFACTURER EVENTS OF DEFAULT</U>. (a)&nbsp;Upon the occurrence of a
Manufacturer Event of Default with respect to any Manufacturer (a
&#147;<U>Defaulting Manufacturer</U>&#148;), the Lessee, on behalf of the Lessor, (i)
shall no longer place Vehicle Orders for additional Program Vehicles from such
Manufacturer and (ii)&nbsp;shall cancel any Vehicle Order with such Defaulting
Manufacturer for any Program
Vehicle with respect to which a VIN has not been assigned as of the date
such Manufacturer Event of Default occurs.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of a Manufacturer Event of Default, the Lessee
agrees to (i)&nbsp;act at the direction of the Lessor, the Lender or the Trustee to
take commercially reasonable action to liquidate the Program Vehicles subject
to a Manufacturer Program with


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">respect to which such Manufacturer Event of
Default has occurred or (ii)&nbsp;convert such Program Vehicles to Non-Program
Vehicles in accordance with <U>Section&nbsp;2.7</U> hereof and subject to the
limitations set forth therein.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of a Manufacturer Event of Default, except as
provided in <U>Section&nbsp;13.3</U>, the Lessee shall not be liable for any failure
by the Lessor to recover all or any portion of the Repurchase Price with
respect to any Program Vehicles subject to the Manufacturer Program of the
Defaulting Manufacturer; <U>provided</U>, <U>however</U>, that nothing in this
<U>Section&nbsp;19</U> shall be construed to modify, terminate or otherwise affect
the Lessee&#146;s obligations under this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#091;RESERVED&#093;</U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#091;RESERVED&#093;</U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CERTIFICATION OF TRADE OR BUSINESS USE</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The Lessee hereby warrants and certifies, under penalties of perjury, that
it intends to use the Vehicles which are subject to this Agreement, in its
trade or business or for sublease to a Permitted Sublessee pursuant to a
Sublease.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SURVIVAL</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">In the event that, during the term of this Agreement, the Lessee becomes
liable for the payment or reimbursement of any obligations, claims or taxes
pursuant to any provision hereof, such liability will continue, notwithstanding
the expiration or termination of this Agreement, until all such amounts are
paid or reimbursed by the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;RESERVED&#093;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>TITLE</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">This is an agreement to lease only and title to Vehicles will at all times
remain in the Lessor&#146;s name or in the name of the Lessor&#146;s Permitted Nominee.
The Lessee will not have any rights or interest in Vehicles whatsoever other
than the right of possession and use as provided by this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#091;RESERVED&#093;</U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>RIGHTS OF LESSOR ASSIGNED</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">Notwithstanding anything to the contrary contained in this Agreement, the
Lessee acknowledges that the Lessor has assigned all of its rights under this
Agreement (other than its right to receive Excluded Payments) to CRCF pursuant
to the AESOP I Operating Lease Loan Agreement and CRCF has assigned such rights
to the Trustee pursuant to the Base Indenture. Accordingly, the Lessee agrees
that:


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject to the terms of the AESOP I Loan Agreement and the
Indenture, the Trustee shall have all the rights, powers, privileges and
remedies of the Lessor hereunder (other than the right to receive
Excluded Payments, which shall be paid to the AESOP I Segregated Account)
and the obligations of the Lessee hereunder (including with respect to
the payment of Monthly Base Rent, Supplemental Rent and all other amounts
payable hereunder) shall not be subject to any claim or defense which the
Lessee may have against the Lessor (other than the defense of payment
actually made) and shall be absolute and unconditional and shall not be
subject to any abatement, setoff, counterclaim, deduction or reduction
for any reason whatsoever. Specifically, the Lessee agrees that, upon
the occurrence of an AESOP I Operating Lease Event of Default, a Limited
Liquidation Event of Default or a Liquidation Event of Default, the
Trustee may exercise (for and on behalf of the Lessor) any right or
remedy against the Lessee provided for herein (other than with respect to
the right to receive Excluded Payments) and the Lessee will not interpose
as a defense that such claim should have been asserted by the Lessor;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon the delivery by the Trustee of any notice to the Lessee
stating that an AESOP I Operating Lease Event of Default, a Limited
Liquidation Event of Default or a Liquidation Event of Default has
occurred, the Lessee will, if so requested by the Trustee, treat the
Trustee or the Trustee&#146;s designee for all purposes (other than with
respect to the right to receive Excluded Payments) as the Lessor
hereunder and in all respects comply with all obligations under this
Agreement that are asserted by the Trustee as the successor to the Lessor
hereunder, irrespective of whether the Lessee has received any such
notice from the Lessor; <U>provided</U>, <U>however</U>, that the Trustee
shall in no event be liable to the Lessee for any action taken by it in
its capacity as successor to the Lessor other than actions that
constitute negligence or willful misconduct;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Lessee acknowledges that pursuant to the AESOP I Operating
Lease Loan Agreement and the Base Indenture the Lessor has irrevocably
authorized and directed the Lessee to, and the Lessee shall, make
payments of Monthly Base Rent and Supplemental Rent hereunder (and any
other payments hereunder) (other than Excluded Payments, which shall be
paid to the AESOP I Segregated Account) directly to the Trustee for
deposit in the Collection Account established by the Trustee for receipt
of such payments pursuant to the Base Indenture and such payments shall
discharge the obligation of the Lessee to the Lessor hereunder to the
extent of such payments. Upon written notice to the Lessee of a sale or
assignment by the Trustee of its right, title and interest in moneys due
under this Agreement to a successor Trustee, the Lessee shall thereafter
make payments of all Monthly Base Rent and Supplemental Rent (and any
other payments hereunder) (other than Excluded Payments, which shall be
paid to the AESOP I Segregated Account) to the party specified in such
notice;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon request made by the Trustee at any time, the Lessee will
take such actions as are requested by the Trustee to assist the Trustee
in maintaining the Trustee&#146;s first-priority perfected security interest
in the Vehicles leased hereunder, the Certificates of Title with respect
thereto and any other portion of the AESOP I Operating Lease Loan
Collateral; and


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the event that the Indenture terminates and all obligations
owing under the Indenture have been paid in full, the Lender shall have
all rights under this Agreement previously assigned to the Trustee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;RESERVED&#093;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">29.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>MODIFICATION AND SEVERABILITY</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The terms of this Agreement will not be waived, altered, modified,
amended, supplemented or terminated in any manner whatsoever unless (i)&nbsp;the
same shall be in writing and signed and delivered by the Lessor and the Lessee
and consented to in writing by the Lender and the Trustee and (ii)&nbsp;the Rating
Agency Consent Condition shall have been satisfied. If any part of this
Agreement is not valid or enforceable according to law, all other parts will
remain enforceable. The Lessor shall provide prompt written notice to each
Rating Agency of any such waiver, modification or amendment.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CERTAIN REPRESENTATIONS AND WARRANTIES</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The Lessee represents and warrants to the Lessor and the Trustee that as
of the Restatement Effective Date and as of each Series&nbsp;Closing Date:


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.1. <U>Organization; Ownership; Power; Qualification</U>. The Lessee is
(i)&nbsp;a corporation duly organized, validly existing and in good standing under
the laws of the jurisdiction of its incorporation, (ii)&nbsp;has the corporate power
and authority to own its properties and to carry on its business as now being
and hereafter proposed to be conducted, and (iii)&nbsp;is duly qualified, in good
standing and authorized to do business in each jurisdiction in which the
character of its properties or the nature of its businesses requires such
qualification or authorization.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.2. <U>Authorization; Enforceability</U>. The Lessee has the corporate
power and has taken all necessary corporate action to authorize it to execute,
deliver and perform this Agreement and each of the other Related Documents to
which it is a party in accordance with their respective terms, and to
consummate the transactions contemplated hereby and thereby. This Agreement
has been duly executed and delivered by the Lessee and is, and each of the
other Related Documents to which the Lessee is a party is, a legal, valid and
binding obligation of the Lessee, enforceable in accordance with its terms.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.3. <U>Compliance</U>. The execution, delivery and performance, in accordance with their
respective terms, by the Lessee of this Agreement and each of the other Related
Documents to which it is a party, and the consummation of the transactions
contemplated hereby and thereby, do not and will not (i)&nbsp;require any consent,
approval, authorization or registration not already obtained or effected, (ii)
violate any applicable law with respect to the Lessee which violation could
result in a Material Adverse Effect, (iii)&nbsp;conflict with, result in a breach
of, or constitute a default under the certificate or articles of incorporation
or by-laws, as amended, of the Lessee, (iv)&nbsp;conflict with, result in a breach
of, or constitute a default under any indenture, agreement, or other instrument
to which the Lessee is a party or by which its properties may be bound which
conflict, breach or default could result in a Material Adverse Effect, or (v)
result in


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">or require the creation or imposition of any Lien upon or with
respect to any property now owned or hereafter acquired by the Lessee except
Permitted Liens.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.4. <U>Financial Information; Financial Condition</U>. All balance
sheets, all statements of operations, of shareholders&#146; equity and of cash flow,
and other financial data (other than projections) which have been or shall
hereafter be furnished to the Lessor, the Lender or the Trustee for the
purposes of or in connection with this Agreement or the Related Documents have
been and will be prepared in accordance with GAAP applied on a consistent basis
and do and will present fairly the financial condition of the entities involved
as of the dates thereof and the results of their operations for the periods
covered thereby. Such financial data include the following financial
statements and reports which have been furnished to the Lessor and the Trustee
on or prior to the date hereof:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the audited consolidated financial statements consisting of a
statement of financial position of the Lessee and its Consolidated
Subsidiaries as of December&nbsp;31, 2003, and the related statements of
operations, stockholder&#146;s equity and cash flows of the Lessee and its
Consolidated Subsidiaries for the three-year period ended December&nbsp;31,
2003; and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the unaudited condensed consolidated financial statements
consisting of a statement of financial position of the Lessee and its
Consolidated Subsidiaries as of March&nbsp;31, 2004, and the related
statements of operations, stockholder&#146;s equity and cash flows of the
Lessee and its Consolidated Subsidiaries for the three months ended March
31, 2004.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.5. <U>Litigation</U>. Except as set forth in <U>Schedule&nbsp;30.5</U>
hereto and except for claims as to which the insurer has admitted coverage in
writing and which are fully covered by insurance, no claims, litigation
(including, without limitation, derivative actions), arbitration, governmental
investigation or proceeding or inquiry is pending or, to the best of the
Lessee&#146;s knowledge, threatened against the Lessee which would, if adversely
determined, have a Material Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.6. <U>Liens</U>. The Vehicles, the Sublease Collateral and all other Collateral are free
and clear of all Liens other than (i)&nbsp;Permitted Liens and (ii)&nbsp;Liens in favor
of the Lessor, the Lender or the Trustee. The Trustee has obtained, and will
continue to obtain, for the benefit of the Secured Parties pursuant to the Base
Indenture, a first-priority perfected Lien on all Vehicles leased hereunder
(other than Vehicles titled in the states of Ohio, Oklahoma and Nebraska). The
Lessor has obtained, and will continue to obtain, a first-priority perfected
Lien on all Sublease Collateral. All Vehicle Perfection and Documentation
Requirements with respect to all Vehicles on or after the date hereof have and
will continue to be satisfied.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.7. <U>Employee Benefit Plans</U>. (a)&nbsp;During the
twelve-consecutive-month period prior to the date hereof and prior to any
Series&nbsp;Closing Date: (i)&nbsp;no steps have been taken by the Lessee or any member
of the Controlled Group, or to the knowledge of the Lessee, by any Person, to
terminate any Pension Plan; and (ii)&nbsp;no contribution failure has occurred with
respect to any Pension Plan maintained by the Lessee or any member of the
Controlled Group sufficient to give rise to a Lien under Section&nbsp;302(f)(1) of
ERISA in connection with such Pension Plan;


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">and (b)&nbsp;no condition exists or
event or transaction has occurred with respect to any Pension Plan which could
reasonably be expected to result in the incurrence by the Lessee or any member
of the Controlled Group of liabilities, fines or penalties in an amount that
could have a Material Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.8. <U>Investment Company Act</U>. The Lessee is not an &#147;investment
company&#148; or a company &#147;controlled&#148; by an &#147;investment company&#148;, within the
meaning of the Investment Company Act of 1940, as amended, and the Lessee is
not subject to any other statute which would impair or restrict its ability to
perform its obligations under this Agreement or the other Related Documents,
and neither the entering into nor the performance by the Lessee of this
Agreement violates any provision of the Investment Company Act of 1940, as
amended.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.9. <U>Regulations T, U and X</U>. The Lessee is not engaged
principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying margin stock (within
the meaning of Regulations T, U and X of the Board of Governors of the Federal
Reserve System). None of the Lessee, any of its Affiliates or any Person
acting on their behalf has taken or will take action to cause the execution,
delivery or performance of this Agreement or the Loan Note, the making or
existence of the Loans or the use of proceeds of the Loans to violate
Regulation&nbsp;T, U, or X of the Board of Governors of the Federal Reserve System.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.10. <U>Records Locations; Jurisdiction of Organization </U>.
<U>Schedule&nbsp;30.10</U> lists each of the locations where the Lessee maintains
any records; and <U>Schedule&nbsp;30.10</U> also lists the Lessee&#146;s legal name and
the Lessee&#146;s jurisdiction of organization.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.11. <U>Taxes</U>. The Lessee has filed all tax returns which have been required to be
filed by it (except where the requirement to file such return is subject to a
valid extension or such failure relates to returns which, in the aggregate,
show taxes due in an amount of not more than $500,000), and has paid or
provided adequate reserves for the payment of all taxes shown due on such
returns or required to be paid as a condition to such extension, as well as all
payroll taxes and federal and state withholding taxes, and all assessments
payable by it that have become due, other than those that are payable without
penalty or are being contested in good faith by appropriate proceedings and
with respect to which adequate reserves have been established, and are being
maintained, in accordance with GAAP. As of the date hereof and as of each
Series&nbsp;Closing Date, to the best of the Lessee&#146;s knowledge, there is no
unresolved claim by a taxing authority concerning the Lessee&#146;s tax liability
for any period for which returns have been filed or were due other than those
contested in good faith by appropriate proceedings and with respect to which
adequate reserves have been established and are being maintained in accordance
with GAAP.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.12. <U>Governmental Authorization</U>. The Lessee has all licenses,
franchises, permits and other governmental authorizations necessary for all
businesses presently carried on by it (including owning and leasing the real
and personal property owned and leased by it), except where failure to obtain
such licenses, franchises, permits and other governmental authorizations would
not have a Material Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.13. <U>Compliance with Laws</U>. Except as disclosed in <U>Schedule
30.13</U> hereto, the Lessee: (i)&nbsp;is not in violation of any law, ordinance,
rule, regulation or order of any


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">Governmental Authority applicable to it or its
property, which violation would have a Material Adverse Effect, and no such
violation has been alleged, (ii)&nbsp;has filed in a timely manner all reports,
documents and other materials required to be filed by it with any governmental
bureau, agency or instrumentality (and the information contained in each of
such filings is true, correct and complete in all material respects), except
where failure to make such filings would not have a Material Adverse Effect,
and (iii)&nbsp;has retained all records and documents required to be retained by it
pursuant to any Requirement of Law, except where failure to retain such records
would not have a Material Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.14. <U>Eligible Vehicles</U>. Each Vehicle is or will be, as the case
may be, on the Vehicle Operating Lease Commencement Date with respect to such
Vehicle, an Eligible Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.15. <U>Supplemental Documents True and Correct</U>. All information
contained in any Vehicle Order or other Supplemental Document which has been
submitted, or which may hereafter be submitted by the Lessee to the Lessor is,
or will be, true, correct and complete.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.16. <U>Manufacturer Programs</U>. No Manufacturer Event of Default has occurred and is continuing with
respect to any Manufacturer of a Program Vehicle.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.17. <U>Absence of Default</U>. The Lessee is in compliance with all of
the provisions of its certificate or articles of incorporation and by-laws and
no event has occurred or failed to occur which has not been remedied or waived,
the occurrence or non-occurrence of which constitutes, or with the passage of
time or giving of notice or both would constitute, (i)&nbsp;an AESOP I Operating
Lease Event of Default or a Potential AESOP I Operating Lease Event of Default
or (ii)&nbsp;a default or event of default by the Lessee under any material
indenture, agreement or other instrument, or any judgment, decree or final
order to which the Lessee is a party or by which the Lessee or any of its
properties may be bound or affected that could result in a Material Adverse
Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.18. <U>Title to Assets</U>. The Lessee has good, legal and marketable
title to, or a valid leasehold interest in, all of its assets, except to the
extent no Material Adverse Effect could result. Except for financing
statements or other filings with respect to or evidencing Permitted
Encumbrances, no financing statement under the UCC of any state, application
for a Certificate of Title or certificate of ownership, or other filing which
names the Lessee as debtor or which covers or purports to cover any of the
assets of the Lessee is on file in any state or other jurisdiction, and the
Lessee has not signed any such financing statement, application or instrument
authorizing any secured party or creditor of such Person thereunder to file any
such financing statement, application or filing other than with respect to
Permitted Encumbrances and except, in each case, to the extent no Material
Adverse Effect could result.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.19. <U>Burdensome Provisions</U>. The Lessee is not a party to or
bound by any Contractual Obligation that could have a Material Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.20. <U>No Adverse Change</U>. Since December&nbsp;31, 2003, (x)&nbsp;no material
adverse change in the business, assets, liabilities, financial condition,
results of operations or business prospects of the Lessee has occurred, and (y)
no event has occurred or failed to occur which has


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">had or may have, either
alone or in conjunction with all other such events and failures, a Material
Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.21. <U>No Adverse Fact</U>. No fact or circumstance is known to the
Lessee, as of the date hereof or as of such Series&nbsp;Closing Date which, either
alone or in conjunction with all other such facts and circumstances, has had or
might in the future have (so far as the Lessee can foresee) a Material Adverse
Effect which has not been set forth or referred to in the financial statements
referred to in <U>Section&nbsp;30.4</U> or <U>31.5 </U>or in a writing specifically
captioned &#147;Disclosure Statement&#148; and delivered to the Lessor prior to such
Series&nbsp;Closing Date. If a fact or circumstance disclosed in such financial
statements or Disclosure Statement, or if an action, suit
or proceeding disclosed to the Lessor, should in the future have a
Material Adverse Effect, such Material Adverse Effect shall be a change or
event subject to <U>Section&nbsp;30.20</U> notwithstanding such disclosure.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.22. <U>Accuracy of Information</U>. All data, certificates, reports,
statements, opinions of counsel, documents and other information furnished to
the Lessor, the Lender or the Trustee by or on behalf of the Lessee pursuant to
any provision of any Related Document, or in connection with or pursuant to any
amendment or modification of, or waiver under, any Related Document, shall, at
the time the same are so furnished, (i)&nbsp;be complete and correct in all material
respects to the extent necessary to give the Lessor, the Lender or the Trustee,
as the case may be, true and accurate knowledge of the subject matter thereof,
(ii)&nbsp;not contain any untrue statement of a material fact, and (iii)&nbsp;not omit to
state a material fact necessary in order to make the statements contained
therein (in light of the circumstances in which they were made) not misleading,
and the furnishing of the same to the Lessor, the Lender or the Trustee, as the
case may be, shall constitute a representation and warranty by the Lessee made
on the date the same are furnished to the Lessor, the Lender or the Trustee, as
the case may be, to the effect specified in <U>clauses (i)</U>, <U>(ii)</U> and
<U>(iii)</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.23. <U>Solvency</U>. Both before and after giving effect to the
transactions contemplated by this Agreement and the other Related Documents,
the Lessee is solvent within the meaning of the Bankruptcy Code and the Lessee
is not the subject of any voluntary or involuntary case or proceeding seeking
liquidation, reorganization or other relief with respect to itself or its debts
under any bankruptcy or insolvency law and no Event of Bankruptcy has occurred
with respect to the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">30.24. <U>Payment Of Capitalized Cost</U>. Prior to the Vehicle Operating
Lease Commencement Date with respect to each Vehicle leased hereunder, the
Capitalized Cost with respect to such Vehicle shall have been paid.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CERTAIN AFFIRMATIVE COVENANTS</U>. Until the expiration or
termination of this Agreement, and thereafter until the obligations of the
Lessee under this Agreement and the Related Documents are satisfied in full,
the Lessee covenants and agrees that, unless at any time the Lessor, the Lender
and the Trustee shall otherwise expressly consent in writing, it will:


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.1. <U>Corporate Existence; Foreign Qualification</U>. Do and cause to
be done at all times all things necessary to (i)&nbsp;maintain and preserve the
corporate existence of the Lessee; (ii)


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">be, and ensure that the Lessee is, duly
qualified to do business and in good standing as a foreign corporation in each
jurisdiction where the nature of its business makes such qualification
necessary and the failure to so qualify would have a Material Adverse Effect;
and (iii)&nbsp;comply with all Contractual Obligations and Requirements of Law
binding upon it and its Subsidiaries, except to the extent that the
failure to comply therewith would not, in the aggregate, have a Material
Adverse Effect.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.2. <U>Books, Records and Inspections</U>. (i)&nbsp;Maintain complete and
accurate books and records with respect to the Vehicles leased under this
Agreement and (ii)&nbsp;permit any Person designated by the Lessor, the Lender or
the Trustee in writing to visit and inspect any of the properties, corporate
books and financial records of the Lessee and its Subsidiaries and to discuss
its affairs, finances and accounts with officers of the Lessee and its
Subsidiaries, agents of the Lessee and with the Lessee&#146;s independent public
accountants, all at such reasonable times and as often as the Lessor, the
Lender or the Trustee may reasonably request.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.3. <U>Insurance</U>. Obtain and maintain with respect to all Vehicles
that are subject to this Agreement (a)&nbsp;vehicle liability insurance to the full
extent required by law and in any event not less than $500,000 per Person and
$1,000,000 per occurrence, (b)&nbsp;property damage insurance with a limit of
$1,000,000 per occurrence, and (c)&nbsp;excess coverage public liability insurance
with a limit of not less than $50,000,000 or the limit maintained from time to
time by the Lessee at any time hereafter, whichever is greater, with respect to
all passenger cars and vans comprising the Lessee&#146;s rental fleet. The Lessor
acknowledges and agrees that the Lessee may, to the extent permitted by
applicable law, self-insure for the first $1,000,000 per occurrence, or a
greater amount up to a maximum of $3,000,000, with the consent of each
Enhancement Provider, per occurrence, of vehicle liability and property damage
which is otherwise required to be insured hereunder. All such policies shall
be from financially sound and reputable insurers, shall name the Lender, the
Lessor and the Trustee as additional insured parties and, in the case of
catastrophic physical damage insurance on such Vehicles, shall name the Trustee
as loss payee as its interest may appear and will provide that the Lender, the
Lessor and the Trustee shall receive at least ten (10)&nbsp;days&#146; prior written
notice of cancellation of such policies. The Lessee will notify promptly the
Lender, the Lessor and the Trustee of any curtailment or cancellation of the
Lessee&#146;s right to self-insure in any jurisdiction.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.4. <U>Manufacturer Programs</U>. Turn in (or cause to be turned in)
the Program Vehicles leased hereunder to the relevant Manufacturer within the
Repurchase Period therefor (unless the Lessee purchases such Program Vehicle
pursuant to the terms hereof or sells such Program Vehicle prior to the end of
the Repurchase Period therefor and receives sales proceeds thereof in cash in
an amount equal to or greater than the repurchase price under such Manufacturer
Program); and comply with all of its obligations under each Manufacturer
Program and the Master Exchange Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.5. <U>Reporting Requirements</U>. Furnish, or cause to be furnished to
the Lessor, the Lender and the Trustee and, in the case of item (iv)&nbsp;below, to
each Rating Agency:



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Audit Report</U>. As soon as available and in any event
within one hundred twenty (120)&nbsp;days after the end of each fiscal year of
the Lessee, (a)&nbsp;consolidated financial statements consisting of a
statement of financial position of the Lessee and its Consolidated
Subsidiaries as of the end of such fiscal year and a statement of


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 0%">operations, stockholders&#146; equity and cash flows of the Lessee and its
Consolidated Subsidiaries for such fiscal year, setting forth in
comparative form the corresponding figures for the preceding fiscal year,
certified by and containing an opinion, unqualified as to scope, of
independent certified public accountants of recognized standing selected
by the Lessee and acceptable to the Lessor, the Lender and the Trustee,
accompanied by (b)&nbsp;a letter from such accountants addressed to the
Lessor, the Lender and the Trustee stating that, in the course of their
annual audit of the books and records of the Lessee, no Potential AESOP I
Operating Lease Event of Default or AESOP I Operating Lease Event of
Default has come to their attention which was continuing at the close of
such fiscal year or on the date of their letter, or, if such an event has
come to the attention of such accountants and was continuing at the close
of such fiscal year or on the date of their letter, the nature of such
event, it being understood that such accountants shall have no liability
to the Lessor or the Trustee by reason of the failure of such accountants
to obtain knowledge of the occurrence or continuance of such an AESOP I
Operating Lease Event of Default or Potential AESOP I Operating Lease
Event of Default;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quarterly Statements</U>. As soon as available and in any
event within forty-five (45)&nbsp;days after the end of each of the first
three quarters of each fiscal year of the Lessee, (a)&nbsp;financial
statements consisting of a consolidated statement of financial position
of the Lessee and its Consolidated Subsidiaries as of the end of such
quarter and a statement of operations, stockholders&#146; equity and cash
flows of the Lessee and its Consolidated Subsidiaries for each such
quarter, setting forth in comparative form the corresponding figures for
the corresponding periods of the preceding fiscal year, all in reasonable
detail and certified (subject to year-end audit adjustments) by a senior
financial officer of the Lessee as having been prepared in accordance
with GAAP applied on a consistent basis, accompanied by (b)&nbsp;a letter from
such officer addressed to the Lessor, the Lender and the Trustee stating
that no Potential AESOP I Operating Lease Event of Default or AESOP I
Operating Lease Event of Default has come to his attention which was
continuing at the end of such quarter or on the date of his letter, or,
if such an event has come to his attention and was continuing at the end
of such quarter or on the date of his letter, indicating the nature of
such event and the action which the Lessee proposes to take with respect
thereto;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amortization Events and AESOP I Operating Lease Events of
Default</U>. As soon as possible but in any event within two (2)
Business Days after the occurrence of any Amortization Event, Potential
Amortization Event, AESOP I Operating Lease Event of Default or Potential
AESOP I Operating Lease Event of Default, a written statement of an
Authorized Officer describing such event and the action that the Lessee
proposes to take with respect thereto;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Manufacturers</U>. Promptly after obtaining actual
knowledge thereof, notice of any Manufacturer Event of Default or
termination or replacement of a Manufacturer Program;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interim Financial Statements</U>. Promptly following the
Lessee&#146;s receipt thereof, copies of all other financial reports submitted
to the Lessee by independent


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<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 0%">public accountants relating to any annual or
interim audit of the books of the Lessee, or opinion as to the proper
book value of the assets of the Lessee;



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reports</U>. Promptly, from time to time, such information
with respect to the Subleases, the Vehicles leased hereunder and payments
made and owing hereunder as the Lessor may require to satisfy its
reporting obligations to the Lender pursuant to Section&nbsp;9.5 of the AESOP
I Operating Lease Loan Agreement; and



<P align="left" style="margin-left:5%; font-size: 10pt; text-indent: 5%">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other</U>. Promptly, from time to time, such other
information, documents, or reports respecting the Vehicles leased
hereunder or the condition or operations, financial or otherwise, of the
Lessee as the Lessor, the Lender or the Trustee may from time to time
reasonably request in order to protect the interests of the Lessor, the
Lender or the Trustee under or as contemplated by this Agreement or any
other Related Document.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.6. <U>Payment of Taxes; Removal of Liens</U>. Pay when due all taxes,
assessments, fees and governmental charges of any kind whatsoever that may be
at any time lawfully assessed or levied against or with respect to the Lessee,
or its property and assets or any interest thereon. Notwithstanding the
previous sentence, but subject in any case to the other requirements hereof and
of the Related Documents, the Lessee shall not be required to pay any tax,
charge, assessment or imposition nor to comply with any law, ordinance, rule,
order, regulation or requirement so long as the Lessee shall contest, in good
faith, the amount or validity thereof, in an appropriate manner or by
appropriate proceedings. Each such contest shall be promptly prosecuted to
final conclusion (subject to the right of the Lessee to settle any such
contest).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.7. <U>Business</U>. The Lessee will engage only in businesses in
substantially the same or related fields as the businesses conducted by it on
the date hereof and such other lines of business, which, in the aggregate, do
not constitute a material part of the operations of the Lessee.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.8. <U>Maintenance of Separate Existence</U>. The Lessee acknowledges
its receipt of a copy of that certain opinion letter issued by White &#038; Case LLP
dated the date hereof and addressing the issue of substantive consolidation as
it may relate to the Lessee, each Permitted Sublessee, the Lessor, Original
AESOP, AESOP Leasing II and CRCF. The Lessee hereby agrees to maintain in
place all policies and procedures, and take and continue to take all action,
described in the factual assumptions set forth in such opinion letter and
relating to such Person.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.9. <U>Trustee as Lienholder</U>. Concurrently with each leasing of a Vehicle under this Agreement, the
Administrator shall indicate on its computer records that the Trustee, as
assignee of the Lender, is the holder of a Lien on such Vehicle pursuant to the
terms of the Base Indenture.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.10. <U>Maintenance of the Vehicles</U>. Maintain and cause to be
maintained in good repair, working order, and condition all of the Vehicles
leased hereunder in accordance with its ordinary business practices with
respect to all other vehicles owned by it, except to the extent that any such
failure to comply with such requirements does not, in the aggregate, materially
adversely affect the interests of the Lessor under this Agreement, the
interests of the Lender under the AESOP I Operating Lease Loan Agreement or the
interests of the Secured


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">Parties under the Indenture or the likelihood of
repayment of the Loans. From time to time the Lessee will make or cause to be
made all appropriate repairs, renewals, and replacements with respect to the
Vehicles.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.11. <U>Enhancement</U>. If the Enhancement with respect to any Series
of Notes is provided by a letter of credit and (i)&nbsp;the short-term debt or
deposit rating of the Enhancement Provider of such letter of credit shall be
downgraded below the then-current rating of such Series of Notes by the Rating
Agencies with respect to such Series of Notes or (ii)&nbsp;such Enhancement Provider
shall notify the Lessee that its compliance with any of its obligations under
such letter of credit would be unlawful, use its best efforts to obtain a
successor institution to act as Enhancement Provider or, in the alternative, to
otherwise credit enhance the payments to be made under this Agreement by the
Lessee, subject to the satisfaction of the Rating Agency Confirmation Condition
and any other requirements set forth in the Related Documents.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.12. <U>Manufacturer Payments</U>. Cause each Manufacturer and each
auction dealer with respect to such Manufacturer to make all payments made by
it under the Manufacturer Programs with respect to Vehicles leased hereunder
directly to the Collection Account or a Joint Collection Account. Any such
payments from Manufacturers or related auction dealers received directly by the
Lessee, will be, within three (3)&nbsp;Business Days of receipt, deposited into the
Collection Account or a Joint Collection Account, as applicable.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.13. <U>Accounting Methods; Financial Records</U>. Maintain, and cause
each of its material Subsidiaries to maintain, a system of accounting and keep,
and cause each of its material Subsidiaries to keep, such records and books of
account (which shall be true and complete) as may be required or necessary to
permit the preparation of financial statements in accordance with GAAP applied
on a consistent basis.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.14. <U>Disclosure to Auditors</U>. Disclose, and cause each of its
material Subsidiaries to disclose, to its independent certified public
accountants in a timely manner all loss contingencies of a type requiring
disclosure to auditors under accounting standards promulgated by the Financial
Accounting Standards Board.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.15. <U>Disposal of Non-Program Vehicles</U>. Dispose of the
Non-Program Vehicles leased hereunder in accordance with <U>Section&nbsp;2.6</U>
(unless the Lessee purchases such Non-Program Vehicle in accordance with the
terms hereof).


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">31.16. <U>Security Interest; Additional Sublease</U>. Do and cause to be
done at all times all things necessary, including without limitation filing UCC
financing statements and continuation statements, to maintain and preserve the
Lessor&#146;s first-priority perfected security interest in the Sublease Collateral.
The Lessee shall maintain the effectiveness of each of the financing
statements filed in accordance with <U>Section&nbsp;2</U>. The Lessee shall notify
the Lessor and each Rating Agency of the execution of any additional Sublease,
and the Lessee shall do and cause to be done all things necessary to perfect
the security interest in the additional Sublease Collateral with respect to
such Sublease.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CERTAIN NEGATIVE COVENANTS</U>. Until the expiration or
termination of this Agreement and thereafter until the obligations of the
Lessee under this


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<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">Agreement and the Related Documents are satisfied in full,
the Lessee covenants and agrees that, unless at any time the Lessor and the
Trustee shall otherwise expressly consent in writing, it will not:


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.1. <U>Mergers, Consolidations</U>. Merge or consolidate with any
Person, except that, if after giving effect thereto, no Potential AESOP I
Operating Lease Event of Default or AESOP I Operating Lease Event of Default
would exist, this <U>Section&nbsp;32.1</U> shall not apply to any merger or
consolidation; <U>provided</U> that the Lessee is the surviving corporation of
such merger or consolidation.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.2. <U>Other Agreements</U>. Enter into any agreement containing any
provision which would be violated or breached by the performance of its
obligations hereunder or under any instrument or document delivered or to be
delivered by it hereunder or in connection herewith.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.3. <U>Liens</U>. Create or permit to exist any Lien with respect to
any Vehicle leased hereunder now or hereafter existing or acquired, except for
Permitted Liens.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.4. <U>Use of Vehicles</U>. Use or allow the Vehicles to be used (i)&nbsp;in any manner that would make
such Vehicles that are Program Vehicles ineligible for repurchase under an
Eligible Manufacturer Program, (ii)&nbsp;for any illegal purposes or (iii)&nbsp;in any
manner that would subject the Vehicles to confiscation.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.5. <U>Termination of Agreement</U>. Allow this Agreement to terminate
prior to the termination of each other Lease.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">32.6. <U>Sublease Amendment</U>. The Lessee shall not amend, modify,
supplement or waive any provision, or permit the amendment, modification,
supplementation or waiver of any provision, of a Sublease without (x)&nbsp;the prior
written consent of the Lessor and the Trustee and (y)&nbsp;satisfaction of the
Rating Agency Consent Condition.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">33.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ADMINISTRATOR ACTING AS AGENT OF THE LESSOR</U>. The parties to
this Agreement acknowledge and agree that CCRG shall act as Administrator and,
in such capacity, as the agent for the Lessor, for purposes of performing
certain duties of the Lessor under this Agreement and the Related Documents.
As compensation for the Administrator&#146;s performance of such duties, the Lessor
shall pay to the Administrator on each Payment Date (i)&nbsp;the portion of the
Monthly Administration Fee payable by the Lessor pursuant to the Administration
Agreement and (ii)&nbsp;the reasonable costs and expenses of the Administrator
incurred by it as a result of arranging for the sale of Vehicles returned to
the Lessor in accordance with <U>Section&nbsp;2.6(b)</U> or as a result of a Vehicle
Return Default and sold to third parties; <U>provided</U>, <U>however</U>, that
such costs and expenses shall only be payable to the Administrator to the
extent of any excess of the sale price received by the Lessor for any such
Vehicle over the Termination Value thereof.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">34.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NO PETITION</U>. Each of the Lessee and the Administrator hereby
covenants and agrees that, prior to the date which is one year and one day
after the payment in full of all of the Notes, it will not institute against,
or join any other Person in instituting against, the Lessor, Original AESOP,
AESOP Leasing II, the Intermediary, Quartx, PVHC or CRCF any


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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings or other
similar proceeding under the laws of the United States or any state of the
United States. In the event that the Lessee or the Administrator takes action
in violation of this <U>Section&nbsp;34</U>, the Lessor agrees, for the benefit of
the Secured Parties, that it shall file an answer with the bankruptcy court or
otherwise properly contest the filing of such a petition by the Lessee or the
Administrator against the Lessor, Original AESOP, AESOP Leasing II, the
Intermediary, Quartx, PVHC or CRCF or the commencement of such action and raise
the defense that the Lessee or the Administrator has agreed in writing not to
take such action and should be estopped and precluded therefrom and such other
defenses, if any, as its counsel advises that it may assert. The provisions of
this <U>Section&nbsp;34</U> shall survive the termination of this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">35.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CERTAIN AGREEMENTS RESPECTING THE MASTER EXCHANGE AGREEMENT</U>. Without limiting any other provision hereof, the Lessee and the
Administrator hereby covenant and agree that they will cooperate with the
Lessor in order to effect transfers of Relinquished Vehicles to the
Intermediary and acquisitions of Replacement Vehicles by the Intermediary in
accordance with the terms of the Master Exchange Agreement, including by giving
such notices and providing such information to the Lessor or to other persons
as the Lessor may from time to time reasonably request.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">36.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SUBMISSION TO JURISDICTION</U>. The Lessor and the Trustee may
enforce any claim arising out of this Agreement in any state or federal court
having subject matter jurisdiction, including, without limitation, any state or
federal court located in the State of New York. For the purpose of any action
or proceeding instituted with respect to any such claim, the Lessee hereby
irrevocably submits to the jurisdiction of such courts. The Lessee further
irrevocably consents to the service of process out of said courts by mailing a
copy thereof, by registered mail, postage prepaid, to the Lessee and agrees
that such service, to the fullest extent permitted by law, (i)&nbsp;shall be deemed
in every respect effective service of process upon it in any such suit, action
or proceeding and (ii)&nbsp;shall be taken and held to be valid personal service
upon and personal delivery to it. Nothing herein contained shall affect the
right of the Trustee, the Lender and the Lessor to serve process in any other
manner permitted by law or preclude the Lessor, the Lender or the Trustee from
bringing an action or proceeding in respect hereof in any other country, state
or place having jurisdiction over such action. The Lessee hereby irrevocably
waives, to the fullest extent permitted by law, any objection which it may have
or hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court located in the State of New York and any
claim that any such suit, action or proceeding brought in such a court has been
brought in an inconvenient forum.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">37.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>GOVERNING LAW</U>. THIS AGREEMENT SHALL BE A CONTRACT MADE UNDER
AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. Whenever possible each
provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this
Agreement shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining
provisions of this Agreement. All obligations of the Lessee and all rights of
the Lessor, the Lender or the Trustee expressed herein shall be in addition to
and not in limitation of those provided by applicable law or in any other
written instrument or agreement.


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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">38.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>JURY TRIAL</U>. EACH PARTY HERETO HEREBY EXPRESSLY WAIVES ANY
RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY
RIGHTS UNDER THIS AGREEMENT OR ANY OTHER RELATED DOCUMENT TO WHICH IT IS A
PARTY, OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR
WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION THEREWITH OR ARISING FROM
ANY RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT OR ANY RELATED TRANSACTION, AND AGREES THAT
ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A
JURY.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">39.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NOTICES</U>. All notices, requests and other communications to any
party hereunder shall be in writing (including facsimile transmission or
similar writing) and shall be given to such party, addressed to it, at its
address or telephone number set forth on the signature pages below, or at such
other address or telephone number as such party may hereafter specify for the
purpose by notice to the other party. In each case, a copy of all notices,
requests and other communications that are sent by any party hereunder shall be
sent to the Trustee and the Lender and a copy of all notices, requests and
other communications that are sent by the Lessee to each other that pertain to
this Agreement shall be sent to the Lessor, the Lender and the Trustee. Copies
of notices, requests and other communications delivered to the Trustee, the
Lender and/or the Lessor pursuant to the foregoing sentence shall be sent to
the following addresses:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>TRUSTEE</U>:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">The Bank of New York</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">c/o BNY Midwest Trust Company</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">2 North La Salle Street</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">10<SUP>th</SUP> Floor</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Chicago, Illinois 60602</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Trust Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(312) 827-8569</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(312) 869-8562</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>LENDER</U>:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Cendant Rental Car Funding (AESOP)&nbsp;LLC</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">c/o Lord Securities Corporation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">48 Wall Street</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">New York, New York 10005</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Benjamin B. Abedine</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 346-9019</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 346-9012</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>LESSOR</U>:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">AESOP Leasing L.P.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">c/o Lord Securities Corporation</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">48 Wall Street</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">New York, New York 10005</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Benjamin B. Abedine</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 346-9019</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 346-9012</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">-41-
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>LESSEE:</U></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Cendant Car Rental Group, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">6 Sylvan Way</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Parsippany, NJ 07054</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Treasurer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(973) 496-5000</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(973) 496-5852</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Each such notice, request or communication shall be effective when received at
the address specified below. Copies of all notices must be sent by first class
mail promptly after transmission by facsimile.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">40.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;RESERVED&#093;


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">41.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>TITLE TO MANUFACTURER PROGRAMS IN LESSOR</U>.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The Lessee, by its execution hereof, acknowledges and agrees that, as
between the Lessor and the Lessee, (i)&nbsp;the Lessor is the sole owner and holder
of all right, title and interest in and to the Manufacturer Programs as they
relate to the Vehicles leased hereunder, (ii)&nbsp;in accordance with the Assignment
Agreements, all of the Lessor&#146;s right, title and interest in and to such
Manufacturer Programs shall be assigned to the Trustee (except as expressly
provided otherwise in any Related Document with respect to Relinquished
Vehicles and any related Relinquished Vehicle Property), and (iii)&nbsp;the Lessee
does not have any right, title or interest in any Manufacturer Program as it
relates to the Vehicles leased hereunder. To confirm the foregoing, the
Lessee, by its execution hereof, hereby assigns and transfers to the Lessor any
rights that the Lessee may have in respect of any Manufacturer Programs.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">42.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>HEADINGS</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">Section headings used in this Agreement are for convenience of reference
only and shall not affect the construction of this Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">43.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>EXECUTION IN COUNTERPARTS</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">This Agreement may be executed in any number of counterparts and by
different parties hereto on separate counterparts, each of which counterparts,
when so executed and delivered, shall be deemed to be an original and all of
which counterparts, taken together, shall constitute one and the same
Agreement.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">44.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>EFFECTIVE DATE</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">This Agreement shall become effective on the Restatement Effective Date
when all parties hereto have executed the signature pages attached hereto.
Except to the extent amended hereby, the Prior AESOP I Operating Lease is in
all respects ratified and confirmed and in full force and effect. From and
after the Restatement Effective Date all references in the Related


<P align="center" style="font-size: 10pt">-42-
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt; text-align: left; text-indent: 0%">Documents to
the AESOP I Operating Lease shall mean such agreement as amended and restated
hereby, unless the context otherwise requires.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">45.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NO RECOURSE</U>.<U></U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The obligations of AESOP Leasing under this Agreement are solely the
obligations of AESOP Leasing. No recourse shall be had for the payment of any
obligation or claim arising out of or based upon this Agreement against any
shareholder, partner, employee, officer or director of AESOP Leasing.


<P align="center" style="font-size: 10pt">-43-
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">IN
WITNESS WHEREOF, the parties have executed this Agreement or caused it
to be executed by their respective officers thereunto duly authorized as of the
day and year first above written.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

<TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><U>LESSOR</U>:<BR>
<BR>
AESOP LEASING L.P.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2">AESOP LEASING CORP.,
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">its general partner&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">                     /s/ Lori Gebron
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Lori Gebron&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><U>LESSEE AND ADMINISTRATOR</U>:<BR>
<BR>
CENDANT CAR RENTAL GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Lynn Finkel
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Lynn Finkel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><U>Acknowledged and Consented</U><BR>
<BR>
<U>LENDER</U>:<BR>
<BR>
CENDANT RENTAL CAR FUNDING (AESOP)&nbsp;LLC<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Orlando Figueroa
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Orlando Figueroa&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><U>TRUSTEE</U>:<BR>
<BR>
THE BANK OF NEW YORK, as Trustee<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Mary L. Collier
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Mary L. Collier&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Agent&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">CENDANT CAR RENTAL GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Lynn Finkel
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Lynn Finkel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><U>GUARANTOR</U> (under Prior AESOP I Operating Lease)<BR>
<BR>
CENDANT CAR RENTAL GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/ Lynn Finkel
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Lynn Finkel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<P align="left" style="font-size: 10pt"><FONT style="font-variant: small-caps">Counterpart no. ___ of ten (10)&nbsp;serially numbered manually executed
counterparts. To the extent if any that this document constitutes chattel paper
under the uniform commercial code, no security interest in this document may be
created through the transfer and possession of any counterpart other than
counterpart no. 1.</FONT>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="right" style="font-size: 10pt"><U>SCHEDULE 30.5</U>


<P align="left" style="font-size: 10pt"><U>Litigation</U>


<P align="left" style="font-size: 10pt">&#091;NONE&#093;


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt"><U>SCHEDULE 30.10</U>

<P align="left" style="font-size: 10pt"><U>Jurisdiction of Organization; Records and Business Locations</U>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="12" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Jurisdiction of</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Records</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>States in which</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center"><B>Lessee</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Organization</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Locations</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Conducts Business</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD style="border-top: 1px solid #000000; border-left: 1px solid #000000">&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Cendant Car Rental<BR>
Group, Inc.
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">Delaware
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">300 Centre Pointe Dr.<BR>
Virginia Beach, VA<BR>
23462<BR><BR>
1 Campus Drive<BR>
Parsippany, NJ 07054
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">AZ, AR, CA, CO, CT,
DE, DC, FL, GA, HI,
ID, IL, IN, KS, KY,
LA, ME, MD, MA, MI,
MN, MS, MO, MT, NE,
NV, NJ, NM, NY, NC,
OH, OK, OR, PA, RI,
SC, TN, TX, UT, VT,
VA, WA, WV, WI and WY</TD>
    <TD width="1%" style="border-top: 1px solid #000000; border-right: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="12" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>



<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><U>SCHEDULE 30.13</U>


<P align="left" style="font-size: 10pt"><U>Compliance with Law</U>


<P align="left" style="font-size: 10pt">&#091;NONE&#093;


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt"><U>ATTACHMENT A</U>


<P align="left" style="font-size: 10pt"><U>Vehicle Acquisition Schedule and Related Information</U>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Principal amount of Loan financing the Vehicle</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date of Loan financing the Vehicle</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vehicle Operating Lease Commencement Date</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vehicle Identification Number (VIN)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Summary of Vehicles being financed (including, for Vehicles subject to
the GM Repurchase Program, the Designated Period for such Vehicles)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Program or Non-Program Vehicle</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Capitalized Cost (if applicable)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Net Book Value (if applicable)</TD>
</TR>


<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><U>ATTACHMENT B</U>


<P align="left" style="font-size: 10pt"><U>Form of Power of Attorney</U>


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">KNOW ALL MEN BY THESE PRESENTS, that AESOP LEASING L.P. does hereby make,
constitute and appoint Cendant Car Rental Group, Inc. (&#147;<U>CCRG</U>&#148;) its true
and lawful Attorney-in-Fact for it and in its name, stead and behalf, (i)&nbsp;to
execute any and all documents pertaining to the titling of motor vehicles in
the name of AESOP LEASING L.P., PV HOLDING CORP. or QUARTX FLEET MANAGEMENT
INC., (ii)&nbsp;the noting of the lien of The Bank of New York, as trustee (in such
capacity, the &#147;<U>Trustee</U>&#148;), as the first lienholder on certificates of
title, (iii)&nbsp;the licensing and registration of motor vehicles, (iv)&nbsp;designating
c/o CCRG as the mailing address of the Trustee for all documentation relating
to the title and registration of such motor vehicles, (v)&nbsp;applying for
duplicate certificates of title indicating the lien of the Trustee where
original certificates of title have been lost or destroyed and (vi)&nbsp;upon the
sale of any such motor vehicle in accordance with the terms and conditions of
the Second Amended and Restated Master Motor Vehicle Operating Lease Agreement,
dated as of June&nbsp;3, 2004, between AESOP Leasing L.P. and CCRG as Lessee,
releasing the lien of the Trustee on such motor vehicle by executing any
documents required in connection therewith. This power is limited to the
foregoing and specifically does not authorize the creation of any liens or
encumbrances on any of said motor vehicles.


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">The powers and authority granted hereunder shall, be effective as of the
&#091;___&#093; day of May, 2004 and unless sooner terminated, revoked or extended, cease
eight (8)&nbsp;years from such date.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">ATTACHMENT B<BR><BR>
Page 2


<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">IN WITNESS WHEREOF, AESOP LEASING L.P. has caused this instrument to be
executed on its behalf by its duly authorized officer this &nbsp;&nbsp;&nbsp;day of May,
2004.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">AESOP LEASING L.P.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">State of _______________)


<P align="left" style="font-size: 10pt">County of _____________)



<P align="left" style="font-size: 10pt; text-align: left; text-indent: 5%">Subscribed and sworn before me, a notary public, in and for said county
and state, this ____ day of _______, 20___.


<P align="left" style="font-size: 10pt; margin-left: 50%">Notary Public


<P align="left" style="font-size: 10pt; margin-left: 50%">My Commission Expires:___________________________



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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</TEXT>
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