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Exhibit 10.36

TERM NOTE

$8,000,000.00   Los Angeles, California     June 28, 2002

        FOR VALUE RECEIVED, the undersigned MOTORCAR PARTS & ACCESSORIES, INC.,
a New York corporation ("Borrower"), promises to pay to the order of WELLS FARGO
BANK, NATIONAL ASSOCIATION ("Bank") at its office at 333 South Grand Avenue,
Suite 940, Los Angeles, California, or at such other place as the holder hereof
may designate, in lawful money of the United States of America and in
immediately available funds, the principal sum of Eight Million Dollars and
No/100 ($8,000,000.00), with interest thereon as set forth herein.

INTEREST:

        (a)    Interest.    The outstanding principal balance of this Note shall
bear interest (computed on the basis of a 360-day year, actual days elapsed) at
the rate set forth in that certain Third Amended and Restated Credit Agreement
dated as of June 28, 2002 (as amended from time to time, the "Credit Agreement')
between Borrower and Bank.

        (b)    Payment of Interest.    Interest accrued on this Note shall be
payable on the first business day of each month, commencing July 1, 2002.

        (c)    Default Interest.    From and after the maturity date of this
Note, or such earlier date as all principal owing hereunder becomes due and
payable by acceleration or otherwise, the outstanding principal balance of this
Note shall bear interest until paid in full at an increased rate per annum
(computed on the basis of a 360-day year, actual days elapsed) equal to four
percent (4%) above the rate of interest from time to time applicable to this
Note.

REPAYMENT AND PREPAYMENT:

        (a)    Repayment.    On each date set forth below (or, if any such day
is not a business day, then on the next business day thereafter), Borrower shall
make a principal payment hereunder in the amount set forth opposite such date:

Date

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  Amount

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July 15, 2002   $ 500,000 August 15, 2002   $ 500,000 September 15, 2002   $
500,000 October 15, 2002   $ 500,000 November 15, 2002   $ 750,000 December 15,
2002   $ 750,000 January 15, 2003   $ 1,000,000 February 15, 2003   $ 1,500,000
March 15, 2003   $ 1,500,000

        On April 15, 2003, Borrower shall pay all remaining unpaid principal and
all accrued and unpaid interest.

        (b)    Mandatory Prepayments.    Under certain circumstances, Borrower
is required to make a mandatory prepayment under this Note. Reference is made to
the Credit Agreement (as defined below) for a complete statement of Borrower's
obligations to make prepayments hereunder.

        (c)    Application of Payments.    Each payment made on this Note shall
be credited first, to any interest then due and second, to the outstanding
principal balance hereof.

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        (d)    Prepayment.    Borrower may prepay principal on this Note at any
time, in any amount and without penalty.

EVENTS OF DEFAULT:

        This Note is made pursuant to and is subject to the terms and conditions
of the Credit Agreement. Any default in the payment or performance of any
obligation under this Note, or any defined event of default under the Credit
Agreement, shall constitute an "Event of Default" under this Note.

MISCELLANEOUS:

        (a)    Remedies.    Upon the occurrence of any Event of Default, the
holder of this Note, at the holder's option, may declare all sums of principal
and interest outstanding hereunder to be immediately due and payable without
presentment, demand, notice of nonperformance, notice of protest, protest or
notice of dishonor, all of which are expressly waived by Borrower. Borrower
shall pay to the holder immediately upon demand the full amount of all payments,
advances, charges, costs and expenses, including reasonable attorneys' fees (to
include outside counsel fees and all allocated costs of the holder's in-house
counsel), expended or incurred by the holder in connection with the enforcement
of the holder's rights and/or the collection of any amounts which become due to
the holder under this Note, and the prosecution or defense of any action in any
way related to this Note, including without limitation, any action for
declaratory relief, whether incurred at the trial or appellate level, in an
arbitration proceeding or otherwise, and including any of the foregoing incurred
in connection with any bankruptcy proceeding (including without limitation, any
adversary proceeding, contested matter or motion brought by Bank or any other
person) relating to Borrower or any other person or entity.

        (b)    Obligations Joint and Several.    Should more than one person or
entity sign this Note as a Borrower, the obligations of each such Borrower shall
be joint and several.

        (c)    Governing Law.    This Note shall be governed by and construed in
accordance with the laws of the State of California.

        (d)    Superseded Note.    This Note replaces and supersedes in its
entirety that certain Term Note executed by Borrower in favor of Bank dated
April 30, 2002 in the original principal amount of $9,000,000.00.

        IN WITNESS WHEREOF, the undersigned has executed this Note as of the
date first written above.

    MOTORCAR PARTS & ACCESSORIES, INC.
 
 
 
      By:        

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    Name: Anthony P. Souza     Title: President and Chief Executive Officer
 
 
 
      By:        

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    Name: Charles W. Yeagley     Title: Chief Financial Officer

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Exhibit 10.36

TERM NOTE