Document:

Bank of America                                             Customer # 41-565672

                                 LOAN AGREEMENT

     This Loan  Agreement (the  "Agreement")  dated as of March 29, 2000, by and
between Bank of America,  N.A., a national banking association  ("Bank") and the
Borrower described below.

     In  consideration  of the  Loan or Loans  described  below  and the  mutual
covenants and  agreements  contained  herein,  and intending to be legally bound
hereby, Bank and Borrower agree as follows:

     1.  DEFINITIONS AND REFERENCE TERMS. In addition to any other terms defined
herein,  the  following  terms  shall have the  meaning  set forth with  respect
thereto:

          A.  Borrowers.  Rent-A-Wreck  of  America,  Inc.  (RAWA),  a  Delaware
Corporation;  Rent-A-Wreck One Way, Inc. (RAWOW), a Maryland Corporation;  Bundy
American Corporation (BAC), a Maryland Corporation;  Rent-A- Wreck Leasing, Inc.
(RAWL), a Maryland Corporation;  PRICELESS  Rent-A-Car,  Inc. (PRAC), a Maryland
Corporation;  AND Consolidated  American Rental Insurance Company, LTD (CARI), a
Bermuda Corporation (individually as indicated, collectively the "Borrower")

          B.  Borrower's  Address:  10324 South  Dolfield  Drive  Owings  Mills,
Maryland 21117

          C. Current Assets. Current Assets means the aggregate amount of all of
Borrower's  assets which would, in accordance with GAAP,  property be defined as
current assets.

          D. Current Liabilities. Current Liabilities means the aggregate amount
of all current  liabilities  as determined in accordance  with GAAP,  but in any
event shall include all liabilities except those having a maturity date which is
more than one year from the date as of which such computation is being made.

          E.  Hazardous  Materials.  Hazardous  Materials  include all materials
defined as hazardous  materials or substances under any local,  state or federal
environmental laws, rules or regulations, and petroleum, petroleum products, oil
and asbestos.

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          F. Loan.  Any loan  described  in Section 2 hereof and any  subsequent
loan which states that it is subject to this Loan Agreement.

          G. Loan  Documents.  Loan Documents  means this Loan Agreement and any
and all  promissory  notes  executed  by Borrower in favor of Bank and all other
documents, instruments,  guarantees, certificates and agreements executed and/or
delivered by Borrower, any guarantor or third party in connection with any Loan.

          H.  Tangible  Net Worth.  Tangible Net Worth means the amount by which
total  assets  exceed  total  liabilities  less   Intercompany   and/or  Officer
-Receivables and other Intangible Assets, in accordance with GAAP.

          I. Accounting Terms. All accounting terms not specifically  defined or
specified  herein shall have the  meanings  generally  attributed  to such terms
under generally accepted accounting  principles ("GAAP"), as in effect from time
to  time,  consistently  applied,  with  respect  to  the  financial  statements
referenced in Section 3.H. hereof.

          J. Collateral Pool.  Collateral Pool means the sum of (a) the $600,000
Bank of America  Certificate  of Deposit,  plus (b) fifty  percent  (50%) of the
eligible receivables of the A/R Owners.

     2. LOANS.

          A. Loan. Bank hereby agrees to make (or has made) one or more loans to
Borrower. The obligation to repay the loans is evidenced by a promissory note or
notes of various dates (the  promissory  note or notes together with any and all
renewals,  extensions or  rearrangements  thereof being  hereafter  collectively
referred to as the "Note") having a maturity date,  repayment terms and interest
rate as set forth in the Note.

               i. Revolving  Credit  Feature.  The Loan provides for a revolving
line of credit (the "Line") under which Borrower may from time to time,  borrow,
repay and re-borrow funds.

               ii.  Borrowing  Base;  The Line is subject to the Borrowing  Base
Agreement attached hereto as Exhibit "A" and by reference made a part hereof.

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               iii. Letter of Credit Subfeature. As a subfeature under the Line,
Bank may from time to time up to and including MARCH 30, 2001,  issue letters of
credit for the account of Borrower (each, a "Letter of Credit" and collectively,
"Letters of Credit");  provided,  however,  that the form and  substance of each
Letter of Credit  shall be subject to approval  by Bank in its sole  discretion;
and  provided  further  that the  aggregate  undrawn  amount of all  outstanding
Letters of Credit shall not at any time exceed $1,000,000. Each Letter of Credit
shall be issued for a term not to exceed ONE YEAR,  as  designated  by Borrower,
provided,  however,  that no Letter  of Credit  shall  have an  expiration  date
subsequent to MARCH 31, 2001.  Letters of Credit may, at the Bank's  discretion,
contain an automatic renewal clause, The undrawn amount of all Letters of Credit
plus any and all amounts  paid by Bank in  connection  with  drawings  under any
Letter of Credit for which the Bank has not been  reimbursed  shall be  reserved
under the Line and shall not be available  for advances  thereunder.  Each draft
paid by Bank under a Letter of Credit shall be deemed an advance  under the Line
and shall be repaid in accordance with the terms of the Line;  provided however,
that if the Line is not  available  for any reason  whatsoever,  at the time any
draft is paid by Bank, or if advances are not  available  under the Line in such
amount due to any limitation of borrowing set forth herein, then the full amount
of such drafts shall be  immediately  due and payable,  together  with  interest
thereon,  from the date such  amount is paid by Bank to the date such  amount is
fully repaid by Borrower,  at that rate of interest applicable to advances under
the Line. In such event,  Borrower  agrees that Bank, at Bank's sole  discretion
may debit Borrower's deposit account with Bank for the amount of such draft.

     3. REPRESENTATIONS AND WARRANTIES.  Borrower hereby represents and warrants
to Bank as follows:

          A. Good  Standing.  Rent-A-Wreck  of America,  Inc., is a corporation,
duly organized, validly existing and in good standing under the laws of Delaware
and has the  power and  authority  to own its own  property  and to carry on its
business in each jurisdiction in which it does business.

          Rent-A-Wreck One Way, Inc., is a corporation,  duly organized, validly
existing and in good  standing  under the laws of Maryland and has the power and
authority  to own  its  own  property  and to  carry  on its  business  in  each
jurisdiction in which it does business.

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          Bundy American Corporation is a corporation,  duly organized,  validly
existing and in good  standing  under the laws of Maryland and has the power and
authority  to own  its  own  property  and to  carry  on its  business  in  each
jurisdiction in which it does business.

          Rent-A-Wreck Leasing, Inc., is a corporation,  duly organized, validly
existing and in good  standing  under the laws of Maryland and has the power and
authority  to own  its  own  property  and to  carry  on its  business  in  each
jurisdiction in which it does business.

          PRICELESS Rent-A-Car, Inc., is a corporation,  duly organized, validly
existing and in good  standing  under the laws of Maryland and has the power and
authority  to own its  own  property  and to  carry  on its  business  in  each*
jurisdiction in which it does business.

          Consolidated American Rental Insurance Company, LTD, is a corporation,
duly organized,  validly existing and in good standing under the laws of Bermuda
and has the  power and  authority  to own its own  property  and to carry on its
business in each jurisdiction in which it does business.

          B. Authority and Compliance.  Borrower has full power and authority to
execute and deliver the Loan Documents and to incur and perform the  obligations
provided for therein,  all of which have been duly  authorized by all proper and
necessary  action of the appropriate  governing body of Borrower.  No consent or
approval of any public authority or other third party is required as a condition
to the validity of any Loan  Document,  and Borrower is in  compliance  with all
laws and regulatory requirements to which it is subject.

          C. Binding  Agreement.  This  Agreement  and the other Loan  Documents
executed  by  Borrower  constitute  valid and  legally  binding  obligations  of
Borrower, enforceable in accordance with their terms.

          D. Litigation.  There is no proceeding  involving Borrower pending or,
to the  knowledge  of  Borrower,  threatened  before  any court or  governmental
authority,  agency or  arbitration  authority,  except as  disclosed  to Bank in
writing and acknowledged by Bank prior to the date of this Agreement.

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          E. No  Conflicting  Agreements.  There  is no  charter,  bylaw,  stock
provision,   partnership   agreement  or  other   document   pertaining  to  the
organization,  power or  authority  of Borrower and no provision of any existing
agreement,  mortgage, indenture or contract binding on Borrower or affecting its
property,  which  would  conflict  with or in any  way  prevent  the  execution,
delivery  or  carrying  out of the terms of this  Agreement  and the other  Loan
Documents.

          F. Ownership of Assets. Borrower has good title to its assets, and its
assets  are free  and  clear  of  liens,  except  those  granted  to Bank and as
disclosed to Bank in writing prior to the date of this Agreement.

          G. Taxes.  All taxes and  assessments due and payable by Borrower have
been paid or are being  contested in good faith by appropriate  proceedings  and
the Borrower has filed all tax returns which it is required to file.

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          H.  Financial   Statements.   The  financial  statements  of  Borrower
heretofore  delivered to Bank have been prepared in accordance with GAAP applied
on a  consistent  basis  throughout  the  period  involved  and  fairly  present
Borrower's  financial  condition as of the date or dates thereof,  and there has
been no material adverse change in Borrower's  financial condition or operations
since March 31, 1999.  All factual  information  famished by Borrower to Bank in
connection  with this  Agreement  and the ither  Loan  Documents  is and will be
accurate and complete on the date as of which such  information  is delivered to
Bank and is not and will not be  incomplete by the omission of any material fact
necessary to make such information not misleading.

          I. Place of Business. Borrower's chief executive office is located at

                           10324 South Dolfield Drive
                           Owings Mills, Maryland 21117

          J.  Environmental.  The conduct of Borrower's  business operations and
the condition of  Borrower's  property does not and will not violate any federal
laws,  rules or ordinances  for  environmental  protection,  regulations  of the
Environmental  Protection  Agency,  any  applicable  local or state  law,  rule,
regulation or rule of common law or any judicial interpretation thereof relating
primarily to the environment or Hazardous Materials.

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          K. Continuation of Representations and Warranties. All representations
and warranties made under this Agreement shall be deemed to be made at and as of
the date hereof and at and as of the date of any advance under any Loan.

     4.  AFFIRMATIVE  COVENANTS.  Until  full  payment  and  performance  of all
obligations of Borrower  under the Loan  Documents,  Borrower will,  unless Bank
consents otherwise in writing (and without limiting any requirement of any other
Loan Document):

          A. Financial  Condition.  Maintain  Borrower's  financial condition as
follows,  determined  in  accordance  with GAAP  applied on a  consistent  basis
throughout the period  involved  except to the extent  modified by the following
definitions:

          Maintain Tangible Net Worth of not less than:

          $1,500,000.00 at all times, to be measured quarterly.

          B. Financial  Statements and Other  Information.  Maintain a system of
accounting  satisfactory  to Bank  and in  accordance  with  GAAP  applied  on a
consistent  basis  throughout  the period  involved,  permit Bank's  officers or
authorized  representatives to visit and inspect Borrower's books of account and
other records at such reasonable times and as often as Bank may desire,  and pay
the reasonable fees and disbursements of any accountants or other agents of Bank
selected by Bank for the foregoing  purposes.  Unless  written notice of another
location  is given to Bank,  Borrower's  books and  records  will be  located at
Borrower's  chief  executive  office set forth above.  All financial  statements
called for below shall be prepared in form and content acceptable to Bank and by
independent certified public accountants acceptable to Bank.

In addition, Borrower will:

     i. Furnish to Bank audited  financial  statements  (SEC filing) of Borrower
for each fiscal year of  Borrower,  within 120 days after the close of each such
fiscal year.

     ii. Furnish to Bank SEC filings of Borrower for each QUARTER of each fiscal
year of Borrower, within 45 days after the close of each such period.

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     iii. Furnish to Bank accounts receivable agings, accompanied by a completed
borrowing base  certificate  for each quarter of Borrower,  within 45 days after
the close of each such period.

     iv.  Furnish to Bank  promptly  such  additional  information,  reports and
statements  respecting  the  business  operations  and  financial  condition  of
Borrower, from time to time, as Bank may reasonably request.

          C. Insurance.  Maintain insurance with responsible insurance companies
on  such of its  properties,  in such  amounts  and  against  such  risks  as is
customarily  maintained by similar  businesses  operating in the same  vicinity,
specifically  to include  fire and  extended  coverage  insurance  covering  all
assets,  business  interruption  insurance,  workers compensation  insurance and
liability  insurance,  all to be with such  companies and in such amounts as are
satisfactory  to Bank and providing for at least 30 days prior notice to Bank of
any  cancellation  thereof.  Satisfactory  evidence  of such  insurance  will be
supplied  to Bank prior to funding  under the  Loan(s) and 30 days prior to each
policy renewal.

          D. Existence and Compliance. Maintain its existence, good standing and
qualification  to  do  business,  where  required  and  comply  with  all  laws,
regulations  and  governmental   requirements  including,   without  limitation,
environmental  laws  applicable  to it or  to  any  of  its  property,  business
operations and transactions.

          E. Adverse  Conditions or Events.  Promptly  advise Bank in writing of
(i) any condition, event or act which comes to its attention that would or might
materially  adversely  affect  Borrower's  financial  condition or operations or
Bank's rights under the Loan Documents,  (ii) any litigation filed by or against
Borrower,  (iii) any event that has occurred  that would  constitute an event of
default under any Loan  Documents and (iv) any uninsured or partially  uninsured
loss through fire, theft, liability or property damage.

          F. Taxes and Other Obligations.  Pay all of its taxes, assessments and
other obligations,  including, but not limited to taxes, costs or other expenses
arising out of this transaction,  as the same become due and payable,  except to
the extent the same are being contested in good faith by appropriate proceedings
in a diligent manner.

          G.  Maintenance.  Maintain  all  of  its  tangible  property  in  good
condition and repair and make all necessary  replacements  thereof, and preserve
and  maintain  all  licenses,  trademarks,   privileges,   permits,  franchises,
certificates and the like necessary for the operation of its business.

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          H.  Environmental.  Immediately  advise Bank in writing of (i) any and
all enforcement, cleanup, remedial, removal, or other governmental or regulatory
actions instituted,  completed or threatened pursuant to any applicable federal,
state,  or local laws,  ordinances  or  regulations  relating  to any  Hazardous
Materials affecting Borrower's business operations;  and (ii) all claims made or
threatened   by  any  third  party   against   Borrower   relating  to  damages,
contribution,  cost recovery,  compensation,  loss or injury  resulting from any
Hazardous  Materials.  Borrower  shall  immediately  notify Bank of any remedial
action  taken by  Borrower  with  respect  to  Borrower's  business  operations.
Borrower will not use or permit any other party to use any  Hazardous  Materials
at any of  Borrower's  places  of  business  or at any other  property  owned by
Borrower except such materials as are incidental to Borrower's  normal course of
business,  maintenance  and repairs and which are handled in compliance with all
applicable  environmental  laws.  Borrower  agrees to permit  Bank,  its agents,
contractors  and  employees  to enter and  inspect any of  Borrower's  places of
business or any other  property of Borrower at any  reasonable  times upon three
(3)  days  prior  notice  for  the  purposes  of  conducting  an   environmental
investigation  and audit  (including  taking  physical  samples)  to insure that
Borrower is complying  with this covenant and Borrower  shall  reimburse Bank on
demand for the costs of any such environmental investigation and audit. Borrower
shall provide Bank, its agents, contractors,  employees and representatives with
access to and copies of any and all data and  documents  relating  to or dealing
with any Hazardous Materials used, generated,  manufactured,  stored or disposed
of by  Borrower's  business  operations  within  five  (5)  days of the  request
therefore.

          I. Advance Rate.  The Borrower may borrow,  at the Bank's  discretion,
amounts equal to fifty percent (50%) of the "Eligible Receivables" of RAWA, BAC,
RAWOW, RAWL, PRAC  (collectively,  the "A/R Owners") in amounts,  up to, but not
exceeding at any one time  outstanding,  the aggregate amount of the outstanding
commitment on the Line. An "Eligible Receivable" is defined as a receivable with
an age of ninety (90) days or less from the invoice  date and not subject to any
cash or noncash offset.

     5.  NEGATIVE   COVENANTS.   Until  full  payment  and  performance  of  all
obligations of Borrower under the Loan Documents, Borrower will not, without the
prior written consent of Bank (and without limiting any requirement of any other
Loan Documents):

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          A.  Transfer of Assets or Control.  Sell,  lease,  assign or otherwise
dispose of or transfer any assets,  except in the normal course of its business,
or enter into any merger or  consolidation,  or transfer control or ownership of
the Borrower or form or acquire any subsidiary.

          B. Liens.  Grant,  suffer or permit any contractual or  noncontractual
lien on or security interest in its assets,  except in favor of Bank, or fail to
promptly  pay when due all  lawful  claims,  whether  for  labor,  materials  or
otherwise.

          C.  Extensions of Credit.  Make or permit any  subsidiary to make, any
loan or advance to any person or entity,  or purchase or otherwise  acquire,  or
permit any  subsidiary  to purchase or other wise  acquire,  any capital  stock,
assets,  obligations,  or other securities of, make any capital contribution to,
or otherwise invest in or acquire any interest in any entity,  or participate as
a partner or joint  venturer with any person or entity,  except for the purchase
of direct obligations of the United States or any agency thereof with maturities
of less than one year.

          D. Borrowings.  Create,  incur,  assume or become liable in any manner
for any indebtedness  (for borrowed money,  deferred payment for the purchase of
assets,  lease  payments,  as surety or guarantor  for the debt for another,  or
otherwise)  other than to Bank,  except for normal  trade debts  incurred in the
ordinary  course of Borrower's  business,  and except for existing  indebtedness
disclosed to Bank in writing and  acknowledged by Bank prior to the date of this
Agreement.

          E. Character of Business.  Change the general character of business as
conducted at the date hereof,  or engage in any type of business not  reasonably
related to its business as presently conducted.

          F.  Management  Change.  Make any  substantial  change in its  present
executive or management personnel.

     6. DEFAULT.  Borrower  shall be in default  under this  Agreement and under
each of the other Loan Documents if:

          A. It shall  default in the payment of any amounts due and owing under
the Loan or should it fail to timely and properly  observe,  keep or perform any
term, covenant, agreement or condition in any Loan Document or in any other loan
agreement,  promissory note, security  agreement,  deed of trust, deed to secure

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debt,  mortgage,  assignment or other contract securing or evidencing payment of
any  indebtedness  of Borrower to Bank or any affiliate or subsidiary of Bank of
America Corporation.

          B.  The  Collateral  Pool  falls  below  $1,000,000.00  at any  fiscal
quarter-end.

     7. REMEDIES UPON  DEFAULT.  if an event of default shall occur,  Bank shall
have all rights,  powers and remedies available under each of the Loan Documents
as well as all rights and remedies  available at law or in equity,  In the event
the  Collateral  Pool  falls  below  $1,000,000.00  at any  fiscal  quarter-end,
Borrower shall  immediately  provide an updated  accounts  receivable  aging and
borrowing  base  certificate  showing that the  Collateral  Pool has returned to
$1,000,000.  If there are insufficient accounts receivable  available,  Borrower
shall immediately provide additional collateral in the form of a Bank of America
Certificate of Deposit in an amount  sufficient to return the Collateral Pool to
$ 1,000,000.

     8. NOTICES. All notices, requests or demands which any party is required or
may desire to give to any other party under any provision of this Agreement must
be in writing delivered to the other party at the following address:

     Borrowers:     Rent-A-Wreck of America, Inc. (RAWA);
                    Rent-A-Wreck One Way, Inc. (RAWOW);
                    Bundy American Corporation (BAC;
                    Rent-A-Wreck Leasing, Inc. (RAWL);
                    PRICELESS Rent-A-CAR, Inc. (PRAC); AND
                    Consolidated American Rental Insurance Company,
                    LTD (CARI)
                    10324 Dolfield Drive
                    Owings Mills, Maryland 21117
                    Fax No. 410-581-1566

     Bank:          Bank of America, N.A.
                    Attn: Patrick Moore
                    10 Light Street
                    Baltimore, Maryland 21202
                    Fax No. 410-539-7508

or to such other  address as any party may  designate  by written  notice to the
other party. Each such notice,  request and demand shall be deemed given or made
as follows:

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          A. If sent by mail,  upon the  earlier  of the date of receipt or five
(5) days after deposit in the U.S. Mail, first class postage prepaid;

          B. If sent by any other means, upon delivery.

     9.  COSTS,  EXPENSES  AND  ATTORNEYS'  FEES.  Borrower  shall  pay to  Bank
immediately  upon  demand the full amount of all costs and  expenses,  including
reasonable  attorneys'  fees (to include  outside counsel fees and all allocated
costs of Bank's in-house  counsel if permitted by applicable  law),  incurred by
Bank in connection  with (a)  negotiation  and preparation of this Agreement and
each of the Loan  Documents,  and (b) . all  other  costs  and  attorneys'  fees
incurred by Bank for which Borrower is obligated to reimburse Bank in accordance
with the terms of the Loan Documents.

     10. MISCELLANEOUS. Borrower and Bank further covenant and agree as follows,
without limiting any requirement of any other Loan Document:

          A.  Cumulative  Rights and No Waiver.  Each and every right granted to
Bank under any Loan Document, or allowed it by law or equity shall be cumulative
of each other and may be  exercised  in addition to any and all other  rights of
Bank,  and no delay in exercising  any right shall operate as a waiver  thereof,
nor shall any single or partial exercise by Bank of any right preclude any other
or  future  exercise  thereof  or the  exercise  of any  other  right.  Borrower
expressly waives any presentment,  demand,  protest or other notice of any kind,
including  but not  limited  to notice of intent  to  accelerate  and  notice of
acceleration.  No notice to or demand on Borrower in any case shall,  of itself,
entitle  Borrower  to any other or future  notice or demand in  similar or other
circumstances.

          B.  Applicable Law. This Loan Agreement and the rights and obligations
of the parties hereunder shall be governed by and interpreted in accordance with
the laws of Maryland and applicable United States federal law.

          C. Amendment.  No  modification,  consent,  amendment or waiver of any
provision  of this Loan  Agreement,  nor  consent to any  departure  by Borrower
therefrom,  shall be effective unless the same shall be in writing and signed by
an officer of Bank, and then shall be effective  only in the specified  instance
and for the  purpose  for which  given.  This Loan  Agreement  is  binding  upon
Borrower,  its  successors  and assigns,  and inures to the benefit of Bank, its
successors and assigns;  however,  no assignment or other transfer of Borrower's
rights or  obligations  hereunder  shall be made or be effective  without Bank's
prior  written  consent,  nor  shall  it  relieve  Borrower  of any  obligations
hereunder. There is no third party beneficiary of this Loan Agreement.

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          D.  Documents.  All documents,  certificates  and other items required
under this Loan  Agreement to be executed  and/or  delivered to Bank shall be in
form and content satisfactory to Bank and its counsel.

          E. Partial  Invalidity.  The  unenforceability  or  invalidity  of any
provision of this Loan Agreement shall not affect the enforceability or validity
of any other  provision  herein and the  invalidity or  unenforceability  of any
provision of any Loan  Document to any person or  circumstance  shall not affect
the  enforceability  or  validity  of such  provision  as it may  apply to other
persons or circumstances.

          F. Indemnification. Notwithstanding anything to the contrary contained
in  Section  10(G),  Borrower  shall  indemnify,  defend  and hold  Bank and its
successors  and assigns  harmless from and against any and all claims,  demands,
suits, losses, damages,  assessments,  fines, penalties, costs or other expenses
(including  reasonable  attorneys'  fees and court costs) arising from or in any
way related to any of the transactions  contemplated  hereby,  including but not
limited  to actual or  threatened  damage to the  environment,  agency  costs of
investigation, personal injury or death, or property damage, due to a release or
alleged  release  of  Hazardous  Materials,  arising  from  Borrower's  business
operations,  any other  property  owned by  Borrower or in the surface or ground
water arising from Borrower's business operations,  or gaseous emissions arising
from Borrower's  business  operations or any other condition existing or arising
from  Borrower's  business  operations  resulting  from the use or  existence of
Hazardous  Materials,  whether such claim  proves to be true or false.  Borrower
further agrees that its indemnity obligations shall include, but are not limited
to,  liability  for damages  resulting  from the personal  injury or death of an
employee  of the  Borrower,  regardless  of whether  the  Borrower  has paid the
employee  under the  workmen's  compensation  laws of any state or other similar
federal or state legislation for the protection of employees. The term "property
damage" as used in this paragraph includes, but is not limited to, damage to any
real or personal  property of the Borrower,  the Bank, and of any third parties.
The Borrower's  obligations  under this paragraph shall survive the repayment of
the Loan  and any  deed in lieu of  foreclosure  or  foreclosure  of any Deed to
Secure Debt, Deed of Trust, Security Agreement or Mortgage securing the Loan.

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          G.  Survivability.  All  covenants,  agreements,  representations  and
warranties  made herein or in the other Loan Documents  shall survive the making
of the Loan and shall  continue  in full force and effect so long as the Loan is
outstanding  or the  obligation of the Bank to make any advances  under the Line
shall not have expired.

     11. NO ORAL  AGREEMENT.  THIS  WRITTEN  LOAN  AGREEMENT  AND THE OTHER LOAN
DOCUMENTS  REPRESENT  THE FINAL  AGREEMENT  BETWEEN  THE  PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
duly executed under seal by their duly authorized representatives as of the date
first above written.

BORROWERS:                                   BANK:

Rent-A-Wreck of America,                     Bank of America, N.A.

By:  /s/                           (Seal)    By: /s/                      (Seal)
     ------------------------------              -------------------------

Name:  Kenneth Blum Jr.                      Name: Patrick Moore
     ------------------------------

Title: President                             Title: Vice President
     ------------------------------

[Corporate Seal]

If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seal
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

Rent-A-Wreck One Way, Inc.

BY:  /s/                           (Seal)
     ------------------------------

Name:  Kenneth
     ------------------------------

Title: President
     ------------------------------

[Corporate Seal]

                                       13
<PAGE>
If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seal
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

Bundy American Corporation

By:  /s/                           (Seal)
     ------------------------------

Name:  Kenneth Blum Jr.
     ------------------------------

Title: President
     ------------------------------

[Corporate Seal]

If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seat
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

Rent-A-Wreck Leasing, Inc.

By:  /s/                           (Seal)
     ------------------------------

Name:  Kenneth Blum Jr.
     ------------------------------

Title: President
     ------------------------------

[Corporate Seal]

If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seal
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

                                       14
<PAGE>
PRICELESS Rent-A-Car, Inc.

By:  /s/                           (Seal)
     ------------------------------

Name:  Kenneth Blum Jr.
     ------------------------------

Title: President
      -----------------------------

[Corporate Seal]

If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seal
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

Consolidated American Rental Insurance Company, LTD

By:  /s/                           (Seal)
     ------------------------------

Name:  Kenneth Blum Jr.
     ------------------------------

Title: President
     ------------------------------

(Corporate Seal]

If the  Borrower  is a  corporation,  the  signature  should be  attested by the
Secretary  or Assistant  Secretary of the  corporation  and the  corporate  seal
affixed.

Attest:                            (Seal)
       ----------------------------

Name:
     ------------------------------

Title:
     ------------------------------

                                       15Bank of America

                                 Promissory Note

                                                             Customer# 41-565672

Date March 29, 2000 [X]New  []Renewal Amount  $1,000,000.00  Maturity Date March
31, 2001

Bank:                                Borrower:

Bank of America, N.A.                         Rent-A-Wreck of America, Inc.;
Banking Center:                               Rent-A-Wreck One Way, Inc.;
                                              Bundy American Corporation

         Commercial Banking                   Rent-A-Wreck Leasing, Inc.;
         10 Light Street                      PRICELESS Rent-A-Car, Inc.; AND
         Baltimore, Maryland 21202            Consolidated American Rental
                                              Insurance Company, LTD
         County: Baltimore City               10324 South Dolfield Drive
                                              Owings Mills, Maryland 21117

                                              County:           Baltimore County

FOR VALUE RECEIVED,  the undersigned  Borrower  unconditionally (and jointly and
severally,  if  more  than  one)  promises  to pay to the  order  of  Bank,  its
successors  and  assigns,  without  setoff,  at  its  offices  indicated  at the
beginning of this Note, or at such other place as may be designated by Bank, the
principal amount of One Million and 00/100 Dollars ($ 1,000,000.00),  or so much
thereof as may be advanced  from time to time in  immediately  available  funds,
together with  interest  computed  daily on the  outstanding  principal  balance
hereunder,  at an annual  interest  rate,  and in  accordance  with the  payment
schedule, indicated below.

[This Note contains some provisions preceded by boxes. If a box is

marked,  the provision  applies to this  transaction;  if it is not marked,  the
provision does not apply to this transaction.]

1.   Rate.

Prime Rate. The Rate shall be the Prime Rate, plus 1.50 percent,  per annum. The
"Prime Rate" is the fluctuating  rate of interest  established by Bank from time
to time,  at its  discretion,  whether  or not  such  rate  shall  be  otherwise
published.  The Prime Rate is established by Bank as an index and may or may not
at any time be the best or lowest rate charged by Bank on any loan.

MDO41                                  1                      Approved: 09-21-95
jt                                                            Revised 08-30-99
<PAGE>
Notwithstanding  any  provision  of this  Note,  Bank  does not ito  charge  and
Borrower shall not be required to pay any amount of interest or other charges in
excess of the maximum  permitted by the applicable law of the State of Maryland;
if any higher rate ceiling is lawful, then that higher rate ceiling shall apply,
Any payment in excess of such maximum  shall be refunded to Borrower or credited
against principal, at the option of Bank.

2. Accrual Method.  Unless otherwise  indicated,  interest at the Rate set forth
above will be  calculated  by the 365/360 day method (a daily amount of interest
is computed for a  hypothetical  year of 360 days;  that amount is multiplied by
the actual number of days for which any principal is outstanding hereunder).  If
interest is not to be computed using this method, the method shall be: N/A.

3. Rate Change  Date.  Any Rate based on a  fluctuating  index or base rate will
change,  unless otherwise provided,  each time and as of the date that the index
or base rate changes. If the Rate is to change on any other date or at any other
interval, the change shall be: N/A. In the event any index is discontinued, Bank
shall  substitute  an index  determined  by Bank to be  comparable,  in its sole
discretion.

4. Payment Schedule.  All payments received  hereunder shall be applied first to
the payment of any expense or charges payable  hereunder or under any other loan
documents  executed  in  connection  with this Note,  then to  interest  due and
payable,  with the balance applied to principal,  or in such other order as Bank
shall determine at its option.

Single Principal Payment. Principal shall be paid in full in a single payment on
MARCH 31 2001.  Interest thereon shall be paid MONTHLY,  commencing on APRIL 30,
2000, and continuing on the LAST day of each successive month,  quarter or other
period (as applicable)  thereafter,  with a final payment of all unpaid interest
at the stated maturity of this Note.

5. Revolving Feature.

[X] Borrower  may borrow,  repay and  reborrow  hereunder  at any time,  up to a
maximum  aggregate  amount  outstanding  at any one time equal to the  principal
amount  of this  Note,  provided,  that  Borrower  is not in  default  under any
provision of this Note,  any other  documents  executed in connection  with this
Note,  or any other note or other loan  documents  now or hereafter  executed in
connection with any other  obligation of Borrower to Bank, and provided that the
borrowings  hereunder do not exceed any  borrowing  base or other  limitation on
borrowings by Borrower. Bank shall incur no liability for its refusal to advance

MDO41                                  2                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
funds based upon its determination  that any conditions of such further advances
have not been met. Bank records of the amounts  borrowed from time to time shall
be conclusive proof thereof.

[ ] Uncommitted Facility. Borrower acknowledges and-agrees that, notwithstanding
any provisions of this Note or any other  documents  executed in connection with
this Note, Bank has no obligation to make any advance, and that all advances are
at the sole discretion of Bank.

[ ] Out-Of-Debt  Period.  For a period of at least -  consecutive  days during H
each fiscal year, [I any consecutive 1 2-month period,  Borrower shall fully pay
down the balance of this Note, so that no amount of principal or interest and no
other obligation under this Note remains outstanding,.

6. Automatic Payment.

[ ] Borrower has elected to authorize Bank to effect payment of sums due under
this Note by means of debiting Borrower's account number 003929313118. This
authorization shall not affect the obligation of Borrower to pay such sums when
due, without notice, if there are insufficient funds in such account to make
such account to make such payment in full on the due date thereof, or if Bank
fails to debit the account.

7. Waivers, Consents and Covenants.  Borrower, any indorser, or guarantor hereof
or  any  other  party  hereto   (individually   an  "Obligor"  and  collectively
"Obligors")  and each of them  jointly  and  severally:  (a) waive  presentment,
demand,  protest,  notice of demand,  notice of intent to accelerate,  notice of
acceleration  of maturity,  notice of protest,  notice of nonpayment,  notice of
dishonor, and any other notice required to be given under the law to any Obligor
in connection with the delivery, acceptance, performance, default or enforcement
of this Note, any  indorsement or guaranty of this Note, or any other  documents
executed in connection  with this Note or any other note or other loan documents
now or hereafter  executed in connection with any obligation of Borrower to Bank
(the "Loan Documents"); (b) consent to all delays, extensions, renewals or other
modifications of this Note or the Loan Documents,  or waivers of any term hereof
or of the Loan Documents, or release or discharge by Bank of any of Obligors, or
release, substitution or exchange of any security for the payment hereof, or the
failure to act on the part of Bank,  or any  indulgence  shown by Bank  (without
notice to or  further  assent  from any of  Obligors),  and  agree  that no such
action,  failure to act or failure to exercise any right or remedy by Bank shall
in any way affect or impair the  obligations  of any Obligors or be cas a waiver
by Bank of, or otherwise affect, any of Bank's rights under this Note, under any

MDO41                                  3                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
indorsement or guaranty of this Note or nder any of the Loan Documents;  and (c)
agree to pay, on demand, all costs and expenses of collection or defense of this
Note or of any  indorsement or guaranty hereof and/or the enforcement or defense
of  Bank's  rights  with  respect  to,  or  the   administration,   supervision,
preservation, protection of, or realization upon, any

property  securing payment hereof,  including,  without  limitation,  reasonable
attorney's  fees,  including fees related to any suit,  mediation or arbitration
proceeding,   out  of  court  payment  agreement,   trial,  appeal,   bankruptcy
proceedings or other  proceeding,  in the amount of 16 % of the principal amount
of this Note,  or such greater  amount as may be  determined  reasonable  by any
arbitrator or court, whichever is applicable.

8.  Prepayments.  Prepayments may be made in whole or in part at any time on any
loan for which the Rate is based on the Prime  Rate or on any other  fluctuating
Rate or index which may change  daily.  All  prepayments  of principal  shall be
applied in the inverse  order of maturity,  or in such other order as Bank shall
determine  in its sole  discretion.  No  prepayment  of any other  loan shall be
permitted  without  the prior  written  consent  of Bank.  Notwithstanding  such
prohibition,  if there is a prepayment  of any such loan,  whether by consent of
Bank, or because of acceleration or otherwise, Borrower shall, within 15 days of
any  request by Bank,  pay to Bank any loss or  expense  which Bank may incur or
sustain as a result of such  prepayment.  For the  purposes of  calculating  the
amounts owed only, it shall be assumed that Bank actually funded or committed to
fund the loan through the purchase of an underlying deposit in an amount and for
a term  comparable  to the  loan,  and  such  determination  by  Bank  shall  be
conclusive, absent a manifest error in computation.

9. Delinquency  Charge. To the extent permitted by law, a delinquency charge may
be imposed in an amount not to exceed four  percent  (4%) of any payment that is
more than fifteen days late.

10. Events of Default.  The following are events of default  hereunder:  (a) the
failure to pay or perform  any  obligation,  liability  or  indebtedness  of any
Obligor  to  Bank,  or to  any  affiliate  or  subsidiary  of  Bank  of  America
Corporation,  whether  under  this Note or any Loan  Documents,  as and when due
(whether upon demand, at maturity or by acceleration); (b) the failure to pay or
perform any other  obligation,  liability or  indebtedness of any Obligor to any
other party; (c) the death of any Obligor (an  individual);  (d) the resignation
or  withdrawal  of any  partner oa  material  owner/Guarantor  of  Borrower,  as
determined by Bank in its sole discretion;  (a) the commencement of a proceeding
against any Obligor for dissolution or liquidation, the voluntary or involuntary
termination or dissolution of any Obligor or the merger or  consolidation of any
Obligor with or into another entity; (f) the insolvency of, the business failure
of, the appointment of a custodian,  trustee,  liquidator or receiver for or for

MDO41                                  4                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
any of the property of, the  assignment  for the benefit of creditors by, or the
filing of a petition under bankruptcy,  insolvency or debtor's relief law or the
filing  of a  petition  for  any  adjustment  of  indebtedness,  composition  or
extension  by  or  against  any  O  (g)  the  determination  by  Bank  that  any
representation  or warranty made to Bank by any Obligor in any Loan Documents or
otherwise is or was, when it was made, untrue or materially misleading;  (h) the
failure of any Obligor to timely  deliver such financial  statements,  including
tax returns,  other statements of condition or other information,  as Bank shall
request from time to time; (i) the entry of a judgment against any Obligor which
Bank deems to be of a material nature, in Bank's sole discretion; Q) the seizure
or  forfeiture  of, or the issuance of any writ of  possession,  garnishment  or
attachment,  or any  turnover  order for any  property of any  Obligor;  (k) the
determination by Bank that it is insecure for any reason;  (1) the determination
by Bank that a material  adverse change has occurred in the financial  condition
of any Obligor; or (m) the failure of Borrower's business to comply with any law
or regulation controlling its operation.

11.  Remedies upon Default.  Whenever there is a default under this Note (a) the
entire balance outstanding hereunder and all other obligations of any Obligor to
Bank  (however  acquired  or  evidenced)  shall,  at the option of Bank,  become
immediately  due and  payable  and any  obligation  of  Bank to  permit  further
borrowing under this Note shall immediately  cease and terminate,  and/or (b) to
the extent  permitted by law, the Rate of interest on the unpaid principal shall
be increased at Bank's  discretion  up to the maximum rate allowed by law, or if
none, 25% per annum (the "Default  Rate").  The provisions  herein for a Default
Rate  shall not be deemed to extend  the time for any  payment  hereunder  or to
constitute a "grace  period"  giving  Obligors a right to cure any  default.  At

MDO41                                  5                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
Bank's option, any accrued and unpaid interest, for charges may, for purposes of
computing and accruing  interest on a daily basis after the due date of the Note
or any installment thereof, be deemed to be a part of the principal balance, and
interest shall accrue on a daily compounded basis after such date at the Default
Rate provided in this Note until the entire outstanding balance of principal and
interest is paid in full.  Bank is hereby  authorized at any time to set off and
charge  against  any  deposit  accounts  of any  Obligor,  as well as any money,
instruments,  securities,  documents,  chattel paper, credits,  claims, demands,
income and any other property,  rights and interests of any Obligor which at any
time shall come into the  possession  or custody or under the control of Bank or
any of its agents,  affiliates or correspondents,  without notice or demand, any
and all obligations due hereunder.  Additionally, Bank shall have all rights and
remedies  available under each of the Loan Documents,  as well as all rights and
remedies available at law or in equity.

DEBTOR  AUTHORIZES ANY ATTORNEY  ADMITTED TO PRACTICE BEFORE ANY COURT OF RECORD
IN THE  UNITED  STATES TO APPEAR ON BEHALF OF DEBTOR IN ANY COURT IN ONE OR MORE
PROCEEDINGS,  OR  BEFORE  ANY  CLERK  THEREOF  OR  PROTHONOTARY  OR OTHER  COURT
OFFICIAL,  AND TO CONFESS JUDGMENT AGAINST DEBTOR IN FAVOR OF THE HOLDER OF THIS
AIN THE FULL  AMOUNT  DUE UNDER THIS  AGREEMENT  (INCLUDING  PRINCIPAL,  ACCRUED
INTEREST AND ANY AND ALL CHARGES,  FEES AND COSTS) PLUS ATTORNEYS' FEES EQUAL TO
FIFTEEN  PERCENT  (15%) OF THE AMOUNT DUE,  PLUS COURT COSTS,  ALL WITHOUT PRIOR
NOTICE OR OPPORTUNITY  OF DEBTOR FOR PRIOR  HEARING.  DEBTOR AGREES AND CONSENTS
THAT VENUE AND  JURISDICTION  SHALL BE PROPER IN THE CIRCUIT COURT OF ANY COUNTY
OF THE STATE OF MARYLAND OR OF BALTIMORE CITY, MARYLAND, OR IN THE UNITED STATES
DISTRICT  COURT FOR THE DISTRICT OF MARYLAND.  DEBTOR  WAIVES THE BENEFIT OF ANY
AND EVERY  STATUTE,  ORDINANCE,  OR RULE OF COURT WHICH MAY BE  LAWFULLY  WAIVED
CONFERRING  UPON DEBTOR ANY RIGHT OR PRIVILEGE OF EXEMPTION,  HOMESTEAD  RIGHTS,
STAY OF  EXECUTION,  OR  SUPPLEMENTARY  PROCEEDINGS,  OR OTHER  RELIEF  FROM THE
ENFORCEMENT OR IMMEDIATE  ENFORCEMENT OF A JUDGMENT OR RELATED  PROCEEDINGS ON A
JUDGMENT.  THE  AUTHORITY  AND POWER TO APPEAR  FOR AND ENTER  JUDGMENT  AGAINST
DEBTOR  SHALL  NOT BE  EXHAUSTED  BY ONE OR MORE  EXERCISES  THEREOF,  OR BY ANY
IMPERFECT  EXERCISE  THEREOF,  AND SHALL  NOT BE  EXTINGUISHED  BY ANY  JUDGMENT
ENTERED  PURSUANT  THERETO;  SUCH AUTHORITY AND POWER MAY BE EXERCISED ON ONE OR
MORE  OCCASIONS  FROM TIME TO TIME, IN THE SAME OR DIFFERENT  JURISDICTIONS,  AS
OFTEN AS THE HOLDER SHALL DEEM NECESSARY, CONVENIENT, OR PROPER.

12.  Non-waiver.  The failure at any time of Bank to exercise any of its options
or any other rights  hereunder shall not constitute a waiver thereof,  nor shall

MDO41                                  6                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
it be a bar to the exercise of any of its options or rights at a later date. All
rights and  remedies  of Bank  shall be  cumulative  and may be pursued  singly,
successively  or together,  at the option of Bank. The acceptance by Bank of any
partial payment shall not constitute a waiver of any default or of any of Bank's
rights  under  this  Note.  No waiver  of any of its  rights  hereunder,  and no
modification  or  amendment  of this  Note,  shall be  deemed to be made by Bank
unless the same shall be in writing,  duly  signed on behalf of Bank;  each such
waiver  shall apply only with  respect to the specific  instance  involved,  and
shall in no way impair the rights of Bank or the  obligations of Obligor to Bank
in any other respect at any other time.

13.  Applicable  Law,  Venue  and  Jurisdiction.  This Note and the  rights  and
obligations  of  Borrower  and Bank  shall be  governed  by and  interpreted  in
accordance  with  the  law of the  State  of  Maryland.  In  any  litigation  in
connection  with or to enforce this Note or any  indorsement or guaranty of this
Note or any Loan Documents,  Obligors,  and each of them, irrevocably consent to
and confer  personal  jurisdiction on the courts of the State of Maryland or the
United  States  located  within the State of Maryland  and  expressly  waive any
objections  as to venue in any such  courts.  Nothing  contained  herein  shall,
however,  prevent Bank from bringing any action or exercising  any rights within
any other state or jurisdiction or from obtaining  personal  jurisdiction by any
other means available under applicable law.

14. Partial Invalidity.  The  unenforceability or invalidity of any provision of
this Note shall not affect the enforceability or validity of any other provision
herein and the invalidity or  unenforceability  of any provision of this Note or
of the Loan  Documents  to any  person  or  circumstance  shall not  affect  the
enforceability or validity of such provision as it may apply to other persons or
circumstances.

15.  Waiver  of Jury  Trial.  Obligors  waive  trial  by jury in any  action  or
proceeding  to which  Obligors  and  Bank may be  parties,  arising  out of,  in
connection with or in any way pertaining to, this Note or the Loan Documents. It
is agreed and understood that this waiver  constitutes a waiver of trial by jury
of all claims  against  all  parties to such  action or  proceedings,  including
claims  against  parties  who are not  parties  to this  Note.  This  waiver  is
knowingly, willingly and voluntarily made by Obligors.

16. Binding Effect.  This Note shall be binding upon and inure to the benefit of
Borrower, Obligors and Bank and their respective successors,  assigns, heirs and

MDO41                                  7                      Approved: 09-21-95
jt                                                              Revised 08-30-99

<PAGE>
personal representatives,  provided, however, that no obligations of Borrower or
Obligors hereunder can be assigned without prior written consent of Bank.

17. Controlling Document. To the extent that this Note conflicts with or is in
any way incompatible with any other Loan Document concerning this obligation,
the Note shall control over any other document, and if the Note does not address
an issue, then each other document shall control to the extent that it deals
most specifically with an issue.

18. YEAR 2000 REPRESENTATIONS AND WARRANTIES.

     (A) Borrower has (i) begun  analyzing  the  operations  of Borrower and its
subsidiaries  and  affiliates  that could be  adversely  affected  by failure to
become  Year 2000  compliant  (that is,  that  computer  applications,  imbedded
microchips  and other systems will be able to perform  date-sensitive  functions
prior to and after  December 31, 1999) and;  (ii)  developed a plan for becoming
Year  2000  compliant  in a timely  manner,  the  implementation  of which is on
schedule in all material  respects.  Borrower  reasonably  believes that it will
become Year 2000 compliant for its operations and those of its  subsidiaries and
affiliates  on a timely basis except to the extent that a failure to do so could
not reasonably be expected to have a material  adverse effect upon the financial
condition of Borrower.

     (B)  Borrower  reasonably  believes  any  suppliers  and  vendors  that are
material to the operations of Borrower or its  subsidiaries  and affiliates will
be Year 2000 compliant for their own computer  applications except to the extent
that a failure  to do so could not  reasonably  be  expected  to have a material
adverse effect upon the financial condition of Borrower.

     (C) Borrower will  promptly  notify Bank in the event  Borrower  determines
that any computer  application  which is material to the operations of Borrower,
its  subsidiaries or any of its material  vendors or suppliers will not be fully
Year 2000  compliant on a timely  basis,  except to the extent that such failure
could not  reasonably  be  expected to have a material  adverse  effect upon the
financial condition of Borrower.

Borrower represents to Bank that the proceeds of this loan are to be used
primarily for business, commercial or agricultural purposes. Borrower
acknowledges having read and understood, and agrees to be bound by, all terms
and conditions of this Note, and hereby executes this Note intending to create
an instrument executed under seal.

MDO41                                  8                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
NOTICE OF FINAL  AGREEMENT.  THIS WRITTEN  PROMISSORY  NOTE REPRESENTS THE FINAL
AGREEMENT  BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS,  OR SUBSEQUENT  ORAL  AGREEMENTS  OF THE PARTIES.  THERE ARE NO
UNWRITTEN ORAL AGREEMENTS.

Corporate or Partnership Borrower

Rent-A-Wreck of America, Inc.

By: /s/ Kenneth Blum Jr. (Seal)
Name: Kenneth Blum Jr
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

                                               SIGNATURES CONTINUED ON NEXT PAGE

MDO41                                  9                      Approved: 09-21-95
jt                                                              Revised 08-30-99
<PAGE>
                                         SIGNATURES CONTINUED FROM PREVIOUS PAGE

Rent-A-Wreck One Way, Inc.

By: /s/ Kenneth Blum, Jr. (Seal)
Name: Kenneth Blum, Jr.
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

Bundy American Corporation

By: /s/ Kenneth Blum, Jr. (Seal)
Name: Kenneth Blum, Jr.
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

Rent-A-Wreck Leasing, Inc.

By: /s/ Kenneth Blum, Jr. (Seal)
Name: Kenneth Blum, Jr.
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

PRICELESS Rent-A-Car, Inc.

By: /s/ Kenneth Blum, Jr. (Seal)
Name: Kenneth Blum, Jr.
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

Consolidated American Rental Insurance Company, LTD

By: /s/ Kenneth Blum, Jr.(Seal)
Name: Kenneth Blum, Jr.
Title: President

--------------------------
Attest (if Applicable)

[Corporate Seal]

MDO41                                  10                     Approved: 09-21-95
jt                                                              Revised 08-30-99

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