Document:

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                                  EXHIBIT 10.15

                                MERGER AGREEMENT
                                       AND
                             PLAN OF REORGANIZATION
                             ----------------------

     THIS MERGER AGREEMENT AND PLAN OF REORGANIZATION ("AGREEMENT") is made and
entered into as of April 1, 2003, by and among: NATIONAL AUTO CREDIT, INC.
("NAC" or the "PARENT"), a Delaware corporation; OMI BUSINESS ACQUISITION CORP.
("MERGER SUB"), a Delaware corporation and a wholly owned subsidiary of Parent;
ORA/METRO INCorporated ("ORA" or the "ACQUIRED CORPORATION"), a New York
corporation; and DEAN THOMPSON ("THOMPSON" or the "STOCKHOLDER"). As used
herein, NAC, Merger Sub, the Acquired Corporation and the Stockholder are
referred to collectively as the "PARTIES" and each as a "PARTY."

                                    RECITALS

A.   The Stockholder owns 100% of the outstanding shares of the capital stock of
     the Acquired Corporation.

B.   NAC wishes to acquire all of such shares of the Acquired Corporation from
     the Stockholder.

C.   NAC, Merger Sub, the Acquired Corporation and the Stockholder intend to
     effect a merger (the "MERGER") of the Acquired Corporation into Merger Sub
     in accordance with this Agreement and the Delaware General Corporation Law
     (the "DELAWARE CORPORATE LAW") and the New York Business Corporation Law
     (the "NY BCL"). Upon the consummation of the Merger, the Acquired
     Corporation will cease to exist.

D.   It is intended that the Merger qualifies as a tax-free reorganization
     within the meaning of Section 368(a)(1)(A) and Section 368(a)(2)(D) of the
     Internal Revenue Code of 1986, as amended (the "CODE").

E.   NAC has caused the formation of Merger Sub for the purpose of accomplishing
     a tax-free triangular merger with the Acquired Corporation.

F.   This Agreement has been approved by the respective boards of directors of
     NAC, Merger Sub and the Acquired Corporation, has been approved by NAC, as
     the sole stockholder of Merger Sub and has been approved the Stockholder,
     as the holder of all of the outstanding capital stock of the Acquired
     Corporation.

G.   In connection with the execution and delivery of this Agreement, some or
     all of the parties hereto are or will be executing and delivering an
     Employment Agreement for Thompson and other collateral documents.

     NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, intending to be
legally bound hereby, do mutually agree as follows:

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                                    ARTICLE 1

                                   THE MERGER

     In connection with the Merger, the respective boards of directors of NAC,
Merger Sub and the Acquired Corporation have, by resolutions duly adopted,
approved the following provisions of this Article 1 as the plan of merger
required by the applicable provisions of the Delaware Corporate Law and the NY
BCL:

     1.1 The Merger. At the Effective Time (as defined in Section 1.3 below), in
accordance with this Agreement and Delaware Corporate Law and the NY BCL, the
Acquired Corporation shall be merged with and into Merger Sub, the separate
corporate existence of the Acquired Corporation (except as such existence may be
continued by operation of law) shall cease, and Merger Sub shall continue as the
surviving corporation under the name OMI Communications, Inc., which name Merger
Sub shall adopt in connection with the consummation of the Merger. Merger Sub,
in its capacity as the corporation surviving the Merger, is hereinafter
sometimes referred to as the "SURVIVING CORPORATION."

     1.2 Effect of the Merger. The Surviving Corporation shall possess all the
rights, privileges, immunities and franchises of a public, as well as of a
private, nature of each of Merger Sub and the Acquired Corporation; all
property, real, personal and mixed, and all accounts payable arising in the
ordinary course of business and accrued expenses due on whatever account, and
all debts, liabilities and duties due to the Acquired Corporation shall be taken
and deemed to be transferred to and vested in the Surviving Corporation without
further act or deed; and the Surviving Corporation shall be responsible and
liable for all liabilities and obligations of the Acquired Corporation, in each
case in accordance with Delaware Corporate Law and the NY BCL.

     1.3 Consummation of the Merger. The Merger shall be effective at such time
as a certificate of merger relating to the Merger (the "DELAWARE CERTIFICATE OF
MERGER") is duly filed with the Secretary of State of the State of Delaware and
a certificate of merger relating to the Merger (the "NY CERTIFICATE OF MERGER"
and, collectively with the Delaware Certificate of Merger, the "CERTIFICATES OF
MERGER") is duly filed with the Secretary of State of the State of New York, as
contemplated by Section 1.10 hereof. The date and time when the Merger shall
become effective is referred to herein as the "EFFECTIVE TIME" (provided,
however, that, if the Certificates of Merger, as so filed, provide that the
Merger shall take effect, or be effective, at another time, then "EFFECTIVE
TIME," as used herein, means the time so stated in the Certificates of Merger).

     1.4 Certificate of Incorporation and Bylaws; and Directors and Officers.
The Certificate of Incorporation and Bylaws of Merger Sub, as in effect
immediately prior to the Effective Time, shall be the Certificate of
Incorporation and Bylaws of the Surviving Corporation immediately after the
Effective Time and shall thereafter continue to be its Certificate of
Incorporation and Bylaws until amended as provided therein and under Delaware
Corporate Law. The directors of Merger Sub holding office immediately prior to
the Effective Time shall be the directors of the Surviving Corporation
immediately after the Effective Time. The officers of Merger Sub holding office
immediately prior to the Effective Time shall be the officers (holding the same
offices as they held with Merger Sub) of the Surviving Corporation immediately
after the Effective Time.

     1.5 Determination and Payment of Base Purchase Price.

     (a) Base Purchase Price. The base purchase price ("BASE PURCHASE PRICE,"
and collectively with the Bonus Purchase Price (as defined below) the "PURCHASE
PRICE") shall be two hundred thousand (200,000) shares of common stock, $.05 par
value per share, of NAC (hereinafter, the common stock of NAC shall be referred
to as "NAC COMMON STOCK"), which shall be issued as provided below and shall be
subject to

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adjustment as provided in Article 7 below. The shares of NAC common stock
contemplated to be issued as provided in the preceding sentence are hereinafter
sometimes referred to collectively as the "NAC MERGER SHARES."

     (b) Payment of the Base Purchase Price. At the Closing, the Base Purchase
Price shall be paid by the issuance to the Stockholder of the NAC Merger SHARES.

     1.6 Conversion of Securities. At the Effective Time, by virtue of the
Merger and without any action on the part of Merger Sub, the Acquired
Corporation or any holder of the securities of the Acquired Corporation, each
share of the Class A common stock, par value $.001 per share, of the Acquired
Corporation (the "ORA COMMON STOCK") issued and outstanding immediately prior to
the Effective Time shall automatically be canceled and extinguished and
converted into and become the right of the holder of such share of ORA Common
Stock to receive twenty (20) shares of NAC Common Stock.

     1.7 Reorganization. The Parties hereby adopt this Agreement as a "plan of
reorganization" and shall consummate the Merger in accordance with Sections
368(a)(1)(A) and 368(a)(2)(D) of the Code. None of the parties shall take a
reporting position inconsistent with the treatment of the Merger as a
reorganization pursuant to Sections 368(a)(1)(A) and 368(a)(2)(D) of the Code.

     1.8 Closing. The closing of the transactions contemplated hereby (the
"CLOSING") shall occur at 10:00 A.M. (local time) on the third business day
after each of the conditions to closing contained in Article 6 hereof have been
fulfilled or waived in writing, at the offices of Reed Smith LLP, 599 Lexington
Avenue, 29th Floor, New York, New York, or at such other place, on such other
date and/or at such other time as the Parties may mutually agree upon in
writing. Simultaneously with the consummations of the Closing, the Parties shall
file, or cause to be filed, with the Secretary of State of the State of Delaware
and the Secretary of State of the State of New York, the Certificates of Merger.

     1.9 Taking of Necessary Actions; Further Actions. NAC and Merger Sub, on
the one hand, and the Acquired Corporation and the Stockholder, on the other
hand, shall use all reasonable efforts to take all such actions (including,
without limitation, actions to cause the satisfaction of the conditions of the
other to effect the Merger) as may be necessary or desirable to carry out the
purposes of this Agreement and to vest the Surviving Corporation with full
possession of all the rights, privileges, immunities and franchises of the
Acquired Corporation, and to subject fully the Surviving Corporation to all
debts and obligations of the Acquired Corporation. The officers and directors of
the Surviving Corporation are fully authorized and directed in the name of the
Acquired Corporation and the Surviving Corporation to take, and shall take, all
such actions. Without limiting the scope or generality of the foregoing, the
Acquired Corporation and the Stockholder shall take all reasonable, commercial
efforts to obtain all Required Waivers, Required Consents and Required Approvals
(as those terms are hereinafter defined)

     1.10 Bonus Purchase Price. If the sum of (A) the Adjusted EBITDA (as
defined below) of the Acquired Corporation for the period from February 1, 2003
through the Effective Time and (B) the Adjusted EBITDA of the Surviving
Corporation for the period from the Effective Time through January 31, 2006 is
equal to or greater than Nine Hundred Thousand Dollars ($900,000), then the
Stockholder shall be entitled to receive, in addition to the Base Purchase
Price, an additional One Hundred and Fifty Thousand Dollars ($150,000) (the
"BONUS PURCHASE PRICE"). The Bonus Purchase Price shall be paid by the Surviving
Corporation, together with interest thereon at five percent (5%) per annum, in
twenty-four (24) equal quarterly installments of principal and interest
commencing with the fiscal quarter of the Surviving Corporation next following
the fiscal quarter during which the Adjusted EBITDA of the Surviving Corporation
referred to in clause (B) above has been determined. As used herein, "ADJUSTED
EBITDA" for any entity for any period means the earnings of such entity for such
period, before any deduction for interest, taxes, depreciation and amortization,
and before deducting corporate overhead or other expenses allocated to such
entity by NAC but after deducting (A) the aggregate amount of all capital
expenditures (including, without limitation, pursuant to any capital or
capitalized lease) made or required to be made by such entity (or any of its
subsidiaries) during such period and (B) any debt service paid or required to be
paid during such period by such entity (or any of its subsidiaries), including,
without limitation, any debt

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service paid or required to be paid with respect to the SBA Loan (as hereinafter
defined), the Citibank Loan (as hereinafter defined) and the Stockholder's Note
(as hereinafter defined), in each case as determined in accordance with
generally accepted accounting principles.

                                    ARTICLE 2

              REPRESENTATIONS AND WARRANTIES OF NAC AND MERGER SUB

     NAC and Merger Sub (collectively, the "NAC PARTIES" and each an "NAC
PARTY"), jointly and severally, hereby represent and warrant to the Acquired
Corporation and the Stockholder as follows:

     2.1 Organization and Qualification. Each NAC Party is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware and has the requisite corporate power and authority to own and operate
its properties and to carry on its business as now conducted, and is duly
qualified in every jurisdiction where the failure to do so would have a
Materially Adverse Effect (as hereinafter defined) on such NAC Party. The copies
of the Certificate of Incorporation and Bylaws of NAC and the Certificate of
Incorporation and Bylaws of Merger Sub previously furnished to the Stockholder
reflect all amendments thereto and are correct and complete. As used herein,
"MATERIALLY ADVERSE EFFECT" on any Person (as hereinafter defined) means any
materially adverse effect on the assets, liabilities, financial condition,
operating results, customer, employee, supplier or franchise relations, business
(as currently conducted and as proposed to be conducted), business condition or
prospects or financing arrangements of such Person, "MATERIALLY ADVERSE CHANGE"
with respect to any Person means any materially adverse change in the assets,
liabilities, financial condition, operating results, customer, employee,
supplier or franchise relations, business (as currently conducted and as
proposed to be conducted), business condition or prospects or financing
arrangements of such Person, and "PERSON" means any individual, corporation,
partnership, limited liability company, joint venture, business trust,
association or other business entity of any type or nature.

     2.2 Authority Relative to This Agreement. Each NAC Party has the requisite
corporate power and authority to enter into this Agreement and each of the
Collateral Documents (as hereinafter defined) to which it is contemplated
hereunder to become a party and to carry out its obligations hereunder and
thereunder. The execution and delivery of this Agreement by each NAC Party and
the consummation by each NAC Party of the transactions contemplated hereby to be
performed by it have been duly authorized by the Board of Directors such NAC
Party, and no other corporate proceedings on the part of either NAC Party are
necessary to authorize this Agreement and such transactions. The execution and
delivery of each Collateral Document to which either NAC Party is contemplated
hereunder to become a party and the consummation by such NAC Party of the
transactions contemplated thereby to be performed by it have been duly
authorized by the Board of Directors of such NAC Party, and no other corporate
proceedings on the part of such NAC Party are necessary to authorize such
Collateral Document and such transactions. This Agreement has been duly executed
and delivered by each NAC Party and constitutes a valid and binding obligation
of each NAC Party, enforceable against such NAC Party in accordance with its
terms, except as the enforceability thereof may be limited by bankruptcy,
insolvency, reorganization or other similar laws relating to the enforcement of
creditors' rights generally and by general principles of equity. The execution,
delivery and performance of this Agreement by either NAC Party is not, and will
not be, in breach or violation of, or be in conflict with or constitute, with or
without the passage of time or the giving of notice (or both), a default under,
(a) its Certificate of Incorporation or Bylaws, (b) any agreement, arrangement
or understanding to which such NAC Party is a party or by which it is otherwise
bound, (c) any Permit (as hereinafter defined) applicable to such NAC Party or
(d) any law, regulation, order, judgment or decree applicable to it and does not
and will not result in the creation of any Lien (as hereinafter defined) on any
assets of such NAC Party or of any of its current subsidiaries or result in, or
constitute grounds for, the termination, suspension, revocation, forfeiture,
lapse, impairment or non-renewal of any Permit the absence or

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loss of which would have or could be reasonably anticipated to have a Materially
Adverse Effect on NAC. The execution, delivery and performance of any Collateral
Document by either NAC Party that is contemplated hereunder to become a party
thereto will not be in breach or violation of, or be in conflict with or
constitute, with or without the passage of time or the giving of notice (or
both), a default under, (a) the Certificate of Incorporation or Bylaws of such
NAC Party, (b) any agreement, arrangement or understanding to which such NAC
Party is a party or by which such NAC Party is otherwise bound, (c) any Permit
applicable to such NAC Party or (d) any law, regulation, order, judgment or
decree applicable to such NAC Party and will not result in the creation of any
Lien on any assets of such NAC Party or of any of its current subsidiaries or
result in, or constitute grounds for, the termination, suspension, revocation,
forfeiture, lapse, impairment or non-renewal of any Permit the absence or loss
of which would have, or could be reasonably anticipated to have, a Materially
Adverse Effect on NAC. Except for such filings to be made pursuant to Delaware
Corporate Law in order to effect the Merger (which NAC agrees to make) or
pursuant to federal or state securities laws, no authorization, consent or
approval of, or filing with, any public body, court or authority is (a)
necessary on the part of either NAC Party for the consummation by such NAC Party
of the transactions contemplated by this Agreement to be performed by it or (b)
necessary on the part of such NAC Party for the consummation by such NAC Party
of the transactions contemplated by any Collateral Document to which such NAC
Party is contemplated hereunder to become a party to be performed by it. As used
herein, "COLLATERAL DOCUMENTS" mean, collectively, the Employment Agreement, the
Non-Competition Agreement (as hereinafter defined), the Stockholder's Note and
the Registration Rights Agreement (as hereinafter defined).

     2.3 No Materially Adverse Changes. Except as set forth in Section 2.3 of
the letter, dated as of the date hereof, furnished by NAC to the Stockholder
(the "NAC DISCLOSURE LETTER"), a copy of which letter is attached hereto as
Exhibit D, or in the NAC Business Reports (as defined in Section 2.6 below),
there has not been any Materially Adverse Change with respect to NAC since
January 1, 2002.

     2.4 Validity of Stock. The NAC Merger Shares shall, when issued: (i) be
duly authorized, validly issued, fully paid and non-assessable and free of liens
and encumbrances created by any person other than the Stockholder, and (ii) be
free and clear of any transfer restrictions, liens and encumbrances except for
restrictions on transfer under applicable federal and state securities laws,
including Rule 144 promulgated under the Securities Act of 1933, as amended,
(the "SECURITIES ACT") and except as provided for in this Agreement.

     2.5 Capitalization. The authorized equity capitalization of NAC consists of
40,000,000 shares of NAC Common Stock and 2,000,000 shares of Preferred Stock.
As of the date hereof, 7,830,614 shares of NAC Common Stock are issued and
outstanding, and except as set forth in Section 2.5 of the NAC Disclosure
Letter, as of the Closing there will be 7,830,614 shares of NAC Common Stock
issued and outstanding (exclusive of any shares of NAC Common Stock contemplated
to be issued to the Stockholder pursuant to this Agreement), all of which shares
are validly issued, fully paid and non-assessable, and no shares of Preferred
Stock are outstanding. Except as disclosed in Section 2.5 of the NAC Disclosure
Letter or in the NAC Business Reports or provided for herein or any of the
Post-Merger Agreements (as hereinafter defined), there are no options, warrants,
conversion privileges or other rights, agreements, arrangements or commitments
obligating NAC to issue or sell any shares of capital stock of NAC or securities
or obligations of any kind convertible into or exchangeable for any shares of
capital stock of NAC or of any other corporation, nor are there any stock
appreciation, phantom stock or similar rights outstanding based upon the book
value or any other attribute of NAC. Except as disclosed in the NAC Business
Reports, no holders of outstanding shares of NAC Common Stock are entitled to
any preemptive or other similar rights.

     2.6 Financial Statements and SEC Filings. NAC has made available to the
Stockholder and correct copies of each report, registration statement (on a form
other than Form S-8) and definitive proxy statement (collectively, the
"REPORTS") filed by NAC with the U.S. Securities and Exchange Commission (the
"SEC")

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between January 31, 2002 and the date of this Agreement. NAC will also deliver
to the Stockholder on or before the Closing, any other reports that are filed
with the SEC after the date hereof and prior to the Closing, and any other
reports or other information sent generally to NAC's stockholders after the date
hereof, but not required to be filed with the SEC. (The Reports and all other
reports and information referred to in the immediately preceding sentence,
whether or not filed with the SEC, are herein collectively referred to as the
"NAC BUSINESS REPORTS," and the financial statements, including the notes
thereto, contained in the NAC Business Reports are hereinafter collectively
referred to as the "NAC FINANCIAL STATEMENTS"). NAC has duly filed all the
Reports required to be filed by it with the SEC under the Securities Act and the
Securities Exchange Act of 1934, as amended, and no such Report, nor any Report
sent to NAC's stockholders generally, contains any untrue statement of material
fact or omits to state any material fact required to be stated therein or
necessary to make the statements in such Report, in light of the circumstances
under which they were made, not misleading. The NAC Financial Statements were
prepared in accordance with generally accepted accounting principles ("GAAP")
applied on a consistent basis throughout the periods involved and present fairly
the consolidated financial condition, results of operations and cash flows of
NAC and its consolidated subsidiaries as of the dates and for the periods
indicated therein, subject, in the case of unaudited interim statements, to
normal year-end accounting adjustments and the absence of complete footnote
disclosure.

     2.7 Absence of Undisclosed Liabilities. Except as and to the extent stated
in Section 2.7 of the NAC Disclosure Letter or in the NAC Financial Statements
or otherwise in the NAC Business Reports, NAC does not have any material
liabilities or obligations (whether accrued, absolute, contingent, unliquidated,
known, unknown or otherwise), other than (i) liabilities incurred in the
ordinary course of business and (ii) obligations under contracts and commitments
incurred in the ordinary course of business, which, in both subsections (i) and
(ii), individually or in the aggregate, are not material to the financial
condition or operating results of NAC (determined on a consolidated basis).

     2.8 Litigation. Except as set forth in Section 2.8 of the NAC Disclosure
Letter or in the NAC Business Reports, there are (a) no actions, suits,
proceedings or orders, at law or in equity, pending or threatened against NAC,
(b) to the best information and belief of NAC, no investigations pending or
threatened against NAC before or by any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, and (c) no bases known to NAC for any of the foregoing.

     2.9 No Commissions. NAC has not incurred any obligation for any finder's or
broker's or agent's fees or commissions or similar compensation in connection
with the transactions contemplated hereby.

     2.10 No Liabilities of Merger Sub. Except for its obligations under this
Agreement or any Collateral Document, Merger Sub is not subject to any
liabilities, obligations or claims, whether absolute or contingent, liquidated
or unliquidated, known or unknown. Merger Sub was formed solely for the purpose
of consummating the transactions contemplated by this Agreement and, except as
provided for herein or contemplated hereby, has not engaged in any business or
other activities for any other purpose.

     2.11 Governmental Consents. No consent, approval, order or authorization
of, or registration, qualification, designation, declaration or filing with, any
federal, state or local governmental authority on the part of NAC or Merger Sub
is required in connection with the consummation of the transactions contemplated
by this Agreement or any of the Collateral Documents, except (a) the filing of
the Delaware Certificate of Merger with the Secretary of State of Delaware and
filing of the NY Certificate of Merger with the Secretary of State of New York
and (b) such filings as may be required under federal and/or state securities
laws, which filings NAC agrees to make to the extent (but only to the extent)
expressly provided for in the Registration

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Rights Agreement. The foregoing representation and warranty set forth in this
Section 2.11 are subject to and conditioned upon the truth and accuracy of the
representations of the Stockholder as set forth in Article 4 below.

     2.12 Disclosure. Neither this Article 2 nor the NAC Disclosure Letter
contains any untrue statement of a material fact or omits a material fact
necessary to make the statements contained herein or therein, in light of the
circumstances under which they were made, not misleading, and there is no fact
known to NAC that has not been disclosed to the Stockholder that materially and
adversely affects, or could reasonably be anticipated to materially and
adversely affect, the business, including the operating results, assets,
customer, supplier or employee relations and business prospects, of NAC
(determined on a consolidated basis); provided, however, that the foregoing
shall not be deemed to extend or apply to any fact or circumstance that relates
to the Acquired Corporation (including, without limitation, the operating
results, assets, customer, supplier or employee relations or business prospects
of the Acquired Corporation).

     2.13 Reorganization Matters.

     (a)  NAC has, and at the Effective Time will have, no plan or intention to:

          (i)       Liquidate Merger Sub;

          (ii)      Merge Merger Sub with or into any other corporation;

          (iii)     Sell or otherwise dispose of the stock of Merger Sub except
                    for transfers of stock to corporations "controlled" (within
                    the meaning of Section 368(c) of the Code) by NAC;

          (iv)      Cause Merger Sub to sell or otherwise dispose of any its
                    assets or assets acquired in the Merger from the Acquired
                    Corporation except for (i) sales or other dispositions made
                    in the ordinary course of business (including, without
                    limitation, dispositions of obsolete or damaged property),
                    (ii) transfers described in Section 368(a)(2)(C) of the
                    Code; (iii) transfers to members of the "qualified group"
                    (within the meaning of Treasury Regulations Section
                    1.368-1(d)(4)(ii)) encompassing NAC (the "NAC GROUP")
                    following the Effective Time, or (iv) transfers to a
                    partnership if either (x) members of the NAC Group, in the
                    aggregate, own a significant interest in that partnership
                    business or (y) one or more members of the NAC Group have
                    active and substantial management functions as a partner
                    with respect to that partnership business;

          (v)       Cause Merger Sub to issue additional shares of stock that
                    would result in NAC losing "control" (within the meaning of
                    Section 368(c) of the Code) of Merger Sub following the
                    Effective Time;

          (vi)      Cause Merger Sub or the NAC Group following the Effective
                    Time to discontinue the historic business conducted by
                    Merger Sub preceding the Effective Time or fail to use in a
                    business a significant portion of the assets held by Merger
                    Sub immediately preceding the Effective Time;

          (vii)     Acquire or cause any person "related" (within the meaning of
                    Treasury Regulations Section 1.368-1(e)(3)) to NAC to
                    acquire any of the NAC Common Stock issued in the Merger; or

          (viii)    Take any action that might otherwise cause the Merger not to
                    be treated as a "reorganization" within the meaning of
                    Sections 368(a)(1)(A) and 368(a)(2)(D) of the Code.

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     (b)  Prior to the Effective Time, neither NAC nor any person "related" to
          NAC will, "in connection with" the Merger, acquire, directly or
          indirectly, any shares of capital stock of the Acquired Corporation.
          For purposes hereof, the term "related" has the meaning in Treasury
          Regulations Section 1.368-1(e)(3), and the term "in connection with"
          has the meaning in Treasury Regulations Section 1.368-1(e)(2).

     (c)  At the Effective Time:

          (i)       NAC will own all of the outstanding stock of Merger Sub;

          (ii)      Merger Sub will own all of the assets ever owned by Merger
                    Sub;

          (iii)     Neither NAC nor Merger Sub will be, nor will either of NAC
                    or Merger Sub have been at any time during the five-year
                    period preceding the Effective Time, the owner for federal
                    income tax purposes of shares of capital stock of the
                    Acquired Corporation; and

          (iv)      NAC Common Stock will be "voting stock" within the meaning
                    of Code Section 368(a)(2)(E)(ii).

     (d)  NAC has, and at the Effective Time will have, no plan or intention to
          adopt any stock repurchase plan other than a plan that will limit
          repurchases of NAC Common Stock to repurchases made on the open market
          on an established securities exchange through a broker pursuant to an
          arrangement that will preclude NAC from knowing the identity of the
          seller and seller from knowing the identity of the purchaser.

                                   ARTICLE 3

                         REPRESENTATIONS AND WARRANTIES
                 OF THE ACQUIRED CORPORATION AND THE STOCKHOLDER

     The Acquired Corporation and the Stockholder (collectively, the
"STOCKHOLDER PARTIES" and each a "STOCKHOLDER PARTY"), jointly and severally,
represent and warrant to NAC and Merger Sub as follows:

     3.1 Organization and Qualification. The Acquired Corporation is a
corporation duly organized, validly existing and in good standing under the laws
of the State of New York and has the requisite corporate power and authority to
own and operate its properties and to carry on its business as now conducted.
The Acquired Corporation is duly qualified to do business in every jurisdiction
where the failure to do so would have a Materially Adverse Effect on the
Acquired Corporation. The copies of the Acquired Corporation's Certificate of
Incorporation and Bylaws, which have been furnished by the Stockholder to NAC
prior to the date of this Agreement, reflect all amendments made thereto and are
correct and complete.

     3.2 Authority Relative to this Agreement. The Acquired Corporation has the
requisite corporate power and authority to enter into this Agreement and each of
the Collateral Documents to which it is contemplated hereunder to become a party
and to carry out its obligations hereunder and thereunder. The execution and
delivery of this Agreement by the Acquired Corporation and the consummation by
the Acquired Corporation of the transactions contemplated hereby to be performed
by it have been duly authorized by the Board of Directors of the Acquired
Corporation and have been duly approved by the Stockholder, and no other
corporate proceedings on the part of the Acquired Corporation are necessary to
authorize and approve this Agreement and such transactions. The execution and
delivery of each Collateral Document to which the Acquired Corporation is
contemplated hereunder to become a party and the consummation by the Acquired
Corporation of the transactions contemplated thereby to be performed by it have
been duly authorized by the

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Board of Directors of the Acquired Corporation and have been duly approved by
the Stockholder, and no other corporate proceedings on the part of the Acquired
Corporation are necessary to authorize such Collateral Document and such
transactions. This Agreement has been duly executed and delivered by the
Acquired Corporation and constitutes a valid and binding obligation of the
Acquired Corporation, enforceable against its in accordance with its terms,
except as the enforceability thereof may be limited by bankruptcy, insolvency,
reorganization or other similar laws relating to the enforcement of creditors'
rights generally and by general principles of equity. Except as expressly set
forth in Section 3.2 of the letter, dated as of the date hereof, furnished by
the Stockholder to NAC and Merger Sub (the "ORA DISCLOSURE LETTER"), a copy of
which letter is attached hereto as Exhibit E, the execution, delivery and
performance of this Agreement by the Acquired Corporation and the Stockholder is
not, and will not be, in breach or violation of, or be in conflict with or
constitute, with or without the passage of time or the giving of notice (or
both), a default under, (a) the Certificate of Incorporation or Bylaws of the
Acquired Corporation, (b) any agreement, arrangement or understanding to which
the Acquired Corporation and/or the Stockholder is a party or by which the
Acquired Corporation and/or the Stockholder is otherwise bound, (c) (subject to
the Required Permits (as hereinafter defined) having been obtained) any Permit
applicable to the Acquired Corporation and/or the Stockholder or (d) any law,
regulation, order, judgment or decree, applicable to the Acquired Corporation
and/or the Stockholder and does not and will not result in, create or trigger
the termination or acceleration of, or any right of termination or acceleration
under, any such agreement, arrangement or understanding or result in the
creation of any Lien on any of assets of the Acquired Corporation or of any of
its subsidiaries or result in, or constitute grounds for, the termination,
suspension, revocation, forfeiture, lapse, impairment or non-renewal of any
Permit the absence or loss of which would have or could be reasonably
anticipated to have a Materially Adverse Effect on NAC. The execution, delivery
and performance by the Acquired Corporation of any Collateral Document to which
it is contemplated hereunder to become a the will not be in breach or violation
of, or be in conflict with or constitute, with or without the passage of time or
the giving of notice (or both), a default under, (a) the Certificate of
Incorporation or Bylaws of such Acquired Corporation, (b) any agreement,
arrangement or understanding to which the Acquired Corporation and/or the
Stockholder is a party or by which the Acquired Corporation and/or the
Stockholder is otherwise bound, (c) any Permit applicable to the Acquired
Corporation and/or the Stockholder or (d) any law, regulation, order, judgment
or decree applicable to the Acquired Corporation and/or the Stockholder and will
not result in, create or trigger the termination or acceleration of, or any
right of termination or acceleration under, any such agreement, arrangement or
understanding or result in the creation of any Lien on any of assets of the
Acquired Corporation or of any of its subsidiaries or result in, or constitute
grounds for, the termination, suspension, revocation, forfeiture, lapse,
impairment or non-renewal of any Permit the absence or loss of which would have
or could be reasonably anticipated to have a Materially Adverse Effect on NAC.
Except for such filings to be made pursuant to Delaware Corporate Law and the NY
BCL in order to effect the Merger, no authorization, consent or approval of, or
filing with, any public body, court or authority is necessary on the part of the
Acquired Corporation or the Stockholder for the consummation by the Acquired
Corporation and the Stockholder of the transactions contemplated by this
Agreement or any Collateral Document to be performed by it or him.

     3.3 Capitalization and Voting Rights.

     (a) The authorized equity capitalization of ORA consists of one million
     (1,000,000) shares of the ORA Common Stock and one million (1,000,000)
     shares of Class B common stock, par value $.001 per share. There are 10,000
     shares of ORA Common Stock issued and outstanding, all of which shares are
     owned beneficially and of record by the Stockholder. No shares of ORA's
     Class B common stock are issued or outstanding. All of the outstanding
     shares of ORA Common Stock are duly and validly authorized and issued,
     fully paid and non-assessable, and were issued in accordance with the
     registration or qualification provisions of the Securities Act and any
     relevant state securities laws, or pursuant to valid exemptions therefrom.

                                       9
<PAGE>

     (b) Except as expressly set forth in Section 3.3 of the ORA Disclosure
     Letter, there are no options, warrants, conversion privileges or other
     rights, agreements, arrangements or commitments obligating the Acquired
     Corporation to issue or sell any shares of its capital stock or securities
     or obligations of any kind exercisable for, convertible into or
     exchangeable for any shares of its capital stock or of any other
     corporation, nor are there any stock appreciation, phantom stock or similar
     rights outstanding based upon the book value or any other attribute of the
     Acquired Corporations (or any group of Persons including the Acquired
     Corporations). No holders of outstanding shares of ORA Common Stock are
     entitled to any preemptive or other similar rights.

     (c) The Acquired Corporations is not a party or otherwise subject to any
     agreement or understanding, and there is no agreement or understanding
     between any Persons, that affects or relates to the voting or giving of
     written consents with respect to any capital stock of the Acquired
     Corporation or by any director of the Acquired Corporation.

     3.4 Financial Statements of the Acquired Corporation.

     (a) Unaudited Interim Financial Statements. The Acquired Corporation has
     provided NAC with an unaudited balance sheet of the Acquired Corporation
     (the "INTERIM BALANCE SHEET"), dated as of February 28, 2003, a statement
     of profit and loss and of cash flows of the Acquired Corporation (the
     "INTERIM CASH STATEMENTS" and, collectively with the Interim Balance Sheet,
     the "INTERIM FINANCIAL STATEMENTS"), for the period from January 1, 2003
     through February 28, 2003. The Interim Balance Sheet presents fairly in all
     material respects the financial condition of the Acquired Corporation as of
     the date thereof, subject to normal year-end accounting adjustments and the
     absence of footnote disclosure. Except as set forth in the Interim Balance
     Sheet, the Acquired Corporation has no liabilities or obligations (whether
     accrued, absolute, contingent, unliquidated, known, unknown or otherwise),
     other than (i) liabilities incurred in the ordinary course of business and
     (ii) obligations under contracts and commitments incurred in the ordinary
     course of business, which, in both clauses (i) and (ii), individually or in
     the aggregate, are not material to the financial condition or operating
     results of the Acquired Corporation. The Interim Cash Statements present
     fairly in all material respects the information purported to be presented
     therein. Without limiting the scope or generality of the foregoing, the
     Acquired Corporation is not a party to or otherwise bound by any loan
     agreement or other contract pursuant to which the Acquired Corporation is
     obligated to make payment with respect to any borrowed money, except such
     loan agreement(s) or other contract(s) as is/are listed in Part A of
     Section 3.4(a) of the ORA Disclosure Letter, and the Acquired Corporation
     is not a party to or otherwise bound by any lease or other agreement that,
     pursuant to GAAP, is deemed to be, or should be treated as, a capital
     lease, except such lease(s) or other agreement(s) as is/are listed in Part
     B of Section 3.4(a) of the ORA Disclosure Letter.

     (b) Audited Financials. The Acquired Corporation has provided NAC with
     audited balance sheets and statements of profit and loss and of cash flows
     for the Acquired Corporation for each of the prior three (3) years
     (collectively, the "AUDITED FINANCIAL STATEMENTS"). The Audited Financial
     Statements presents fairly in all material respects the financial condition
     of the Acquired Corporation as of the respective dates thereof and the
     results of operations and cash flows of the Acquired Corporation for the
     periods covered thereby.

     (c) Financials Audited in Due Course. The financial statements of the
     Acquired Corporation can be audited in accordance with GAAP and SEC
     Regulation S-X and SEC Regulation S-B (if applicable) within thirty-five
     (35) days following the Closing.

                                       10
<PAGE>

     (d) GAAP Accounting. The Interim Financial Statements and the Audited
     Financial Statements were prepared in accordance with GAAP applied on a
     consistent basis throughout the periods involved and present fairly the
     financial position, results of operations, and cash flows of the Acquired
     Corporation as of the dates and for the periods indicated therein.

     (e) Book Value, Working Capital and Cash. The Acquired Corporation has a
     net book value, exclusive of amounts due to the Stockholder, of at least
     zero dollars ($0), net working capital, exclusive of current amounts due
     under capital leases, of at least fifty thousand dollars ($50,000) and at
     least five thousand dollars ($5,000) of cash.

     3.5 No Materially Adverse Changes. Except as expressly set forth in Section
3.5 of the ORA Disclosure Letter, since January 1, 2002, there has not been any
Materially Adverse Change with respect to the Acquired Corporation. Without
limiting the generality or scope of the foregoing, since January 1, 2002, there
has not been:

     (a) any change in the assets, liabilities, financial condition or operating
     results of the Acquired Corporation from that reflected in the Interim
     Balance Sheet, except for changes in the ordinary course of business that
     have not been, in the aggregate, materially adverse;

     (b) any damage, destruction or loss, whether or not covered by insurance,
     materially and adversely affecting the assets, properties, financial
     condition, operating results or business (as such business is presently
     conducted) of the Acquired Corporation;

     (c) any waiver by the Acquired Corporation of a material right or of a
     material debt owed to it;

     (d) any satisfaction or discharge of any lien, claim or encumbrance or
     payment of any obligation by the Acquired Corporation, except (i) in the
     ordinary course of business and (ii) that is not material to the assets,
     liabilities, properties, financial condition, operating results or business
     (as such business is presently conducted)of the Acquired Corporation;

     (e) any material change or amendment to a material contract or arrangement
     by which the Acquired Corporation or any of its assets or properties is
     bound or subject;

     (f) any material change in any compensation arrangement or agreement with
     any employee of the Acquired Corporation;

     (g) any sale, assignment or transfer of any patents, trademarks,
     copyrights, trade secrets or other intangible assets of the Acquired
     Corporation;

     (h) any resignation or termination of employment of any key officer of the
     Acquired Corporation; and there is no impending resignation or termination
     of employment of any such officer;

     (i) any receipt of notice that there has been a loss of, or material order
     cancellation by, any major customer of the Acquired Corporation;

     (j) any Lien created by the Acquired Corporation , or otherwise created or
     attaching, on or with respect to any of its material properties or assets,
     except liens for taxes not yet due or payable;

     (k) any loans or guarantees made by the Acquired Corporation (including,
     without limitation, to or for the benefit of any of its employees, officers
     or directors or any members of their immediate

                                       11
<PAGE>

     families), other than travel advances and other advances made to employees
     of the Acquired Corporation in the ordinary course of its business;

     (l) any declaration, setting aside or payment or other distribution in
     respect of any of capital stock of the Acquired Corporation, or any direct
     or indirect redemption, purchase or other acquisition of any of such stock
     by the Acquired Corporation;

     (m) loss of any customer or client by the Acquired Corporation or receipt
     by the Acquired Corporation of any notice that such client or customer
     intends to cease doing business with the Acquired Corporation, exclusive of
     any client or customer the loss of which could not reasonably anticipated
     to have a Materially Adverse Effect on the Acquired Corporation;

     (n) any other event or condition of any character that might be reasonably
     expected to have a Materially Adverse Effect on the Acquired Corporation;
     or

     (o) any agreement or commitment by the Acquired Corporation to do any of
     the things described in this Section 3.5.

     3.6 Litigation. There are (a) no actions, suits, proceedings or orders, at
law or in equity, pending or threatened against the Acquired Corporation, (b) to
the best information and belief of the Stockholder Parties, no investigations
pending or threatened against the Acquired Corporation before or by any federal,
state, municipal or other governmental department, commission, board, bureau,
agency or instrumentality, domestic or foreign, and (c) no basis known to the
Acquired Corporation or Stockholder for any of the foregoing.

     3.7 Subsidiaries. The Acquired Corporation does not own or control,
directly or indirectly, any interest in any other Person. The Acquired
Corporation is not a participant in any joint venture, partnership or similar
arrangement.

     3.8 Patents and Trademarks. The Acquired Corporation has sufficient
ownership or rights to all patents, trademarks, service marks, trade names,
copyrights, trade secrets, licenses, information, proprietary rights and
processes and other intellectual property (all of the foregoing, collectively,
the "INTELLECTUAL PROPERTY") necessary for its business as now conducted or as
proposed to be conduced without, any conflict with or infringement of the rights
of any other Person. Section 3.8 of the ORA Disclosure Letter lists all material
Intellectual Property (including, without limitation, patents, trademarks and
servicemarks and pending applications therefor) necessary for the business of
the Acquired Corporation as now conducted or as proposed to be conduced, all of
which Intellectual Property is (except as expressly set forth in Section 3.8 of
the ORA Disclosure Letter) owned by the Acquired Corporation free and clear of
any lien, pledge, security interest, competing claim or other encumbrance of any
nature whatsoever (each of the foregoing, a "LIEN"). There are no outstanding
options, licenses or agreements of any kind relating to the Intellectual
Property, nor is the Acquired Corporation bound by or a party to any options,
licenses or agreements of any kind with respect to the patents, trademarks,
service marks, trade names, copyrights, trade secrets, licenses, information,
proprietary rights and processes of any other Person. Neither the Acquired
Corporation nor the Stockholder is aware of any violation by the Acquired
Corporation of, nor has the Acquired Corporation or the Stockholder received any
communications alleging that the Acquired Corporation has violated or, by
conducting its business as presently conducted or as proposed to be conducted,
would violate, any Intellectual Property (or rights therein) of any other
Person. Neither the Acquired Corporation nor the Stockholder is aware that any
of the employees of the Acquired Corporation is obligated under any contract
(including licenses, covenants or commitments of any nature) or other agreement,
or subject to any judgment, decree or order of any court or administrative
agency, that would interfere with their duties to the Acquired Corporation or
that would conflict with the business of the

                                       12
<PAGE>

Acquired Corporation as now conducted or as proposed to be conducted. Neither
the execution nor delivery of this Agreement, nor the carrying on of the
business of the Acquired Corporation by its employees, nor the conduct of the
business of the Acquired Corporation as now conducted or as proposed to be
conducted, will, conflict with or result in a breach of the terms, conditions or
provisions of, or constitute a default under, any contract, covenant or
instrument under which any of such employees is now obligated. It is not and
will not be necessary for the Acquired Corporation to utilize any inventions or
other Intellectual Property of any of its employees (or people it currently
intends to hire) made prior to or outside the scope of their employment by the
Acquired Corporation. The Acquired Corporation has taken all commercially
reasonable actions necessary to protect all of the Intellectual Property owned
by it.

     3.9 Compliance with Other Instruments. The Acquired Corporation is not in
violation or default of any provision of its Certificate of Incorporation or
Bylaws, or of any instrument, judgment, order, writ, decree or contract to which
it is a party or by which it is bound or any provision of any federal or state
statute, rule or regulation applicable to the Acquired Corporation.

     3.10 Agreements; Action. Except as expressly set forth in Section 3.10 of
the ORA Disclosure Letter,

     (a) There are no agreements, understandings or proposed transactions
     between the Acquired Corporation and any of its officers, directors and
     affiliates or any affiliate of such officers, directors and affiliates;

     (b) There are no agreements, understandings, instruments, contracts,
     proposed transactions, judgments, orders, writs or decrees to which the
     Acquired Corporation is a party or by which it is otherwise bound that may
     involve (i) obligations (contingent or otherwise) of, or payments to, the
     Acquired Corporation in excess of $2,500, or in excess of $10,000 in the
     aggregate; or (ii) the license of any Intellectual Property to or from the
     Acquired Corporation, or (iii) provisions restricting or affecting the
     development, manufacture or distribution of the products or services of the
     Acquired Corporation, or (iv) indemnification by the Acquired Corporation
     with respect to infringements of any proprietary rights or other
     Intellectual Property;

     (c) The Acquired Corporation has not (i) declared or paid any dividend or
     authorized or made any distribution upon or with respect to any class or
     series of its capital stock, (ii) incurred any indebtedness for money
     borrowed or any other liabilities individually in excess of $20,000 or in
     excess of $50,000 in the aggregate, (iii) made any loan or advance to any
     Person, other than ordinary advances for travel expenses, or (iv) sold,
     exchanged or otherwise disposed of any of its assets or rights, other than
     the sale of its inventory in the ordinary course of business;

     (d) The Acquired Corporation is not a party to or otherwise bound by any
     contract, agreement (written or oral), instrument or other commitment, or
     subject to any restriction under its Certificate or Incorporation or
     Bylaws, that would have, and could reasonably be anticipated to have, a
     Materially Adverse Effect on the Acquired Corporation; and

     (e) The Stockholder has provided NAC with true, complete and correct copies
     of the SBA Loan Documents (as hereinafter defined), the Citibank Loan
     Documents (as hereinafter defined), each Capital Lease (as hereinafter
     defined) and the Stockholder's Note, including all amendments, supplements
     and other modifications thereto or thereof, and except as set forth in the
     Stockholder's Note, all payments and other obligations due or owing from
     the Acquired Corporation to the Stockholder have been discharged and
     satisfied in full.

                                       13
<PAGE>

For the purposes of subsections (b) and (c) above, all indebtedness,
liabilities, agreements, understandings, instruments, contracts and proposed
transactions involving the same Person (including Persons who or that the
Acquired Corporation or the Stockholder has reason to believe are affiliated
therewith) shall be aggregated for the purpose of meeting the individual minimum
dollar amounts of such subsections.

     3.11 Related Party Transactions. Except as expressly set forth in Section
3.11 of the ORA Disclosure Letter, no employee, officer or director of the
Acquired Corporation or member of his or her immediate family is indebted to the
Acquired Corporation, nor is the Acquired Corporation indebted (or committed to
make loans or extend any guarantee credit) to any of them. Except as expressly
set forth in Section 3.11 of the ORA Disclosure Letter, none of such persons has
any direct or indirect ownership interest in any firm or corporation with which
the Acquired Corporation is affiliated or with which the Acquired Corporation
has a business relationship, or any firm or corporation that competes with the
Acquired Corporation, except that employees, officers or directors of the
Acquired Corporation and members of their immediate families may own, in the
aggregate, up to five percent (5%) of the stock in a publicly traded company
that may compete with the Acquired Corporation. Except as expressly set forth in
Section 3.11 of the ORA Disclosure Letter, no member of the immediate family of
any officer or director of the Acquired Corporation is directly or indirectly
interested in any material contract with the Acquired Corporation.

     3.12 Permits. The Acquired Corporation has all franchises, permits,
licenses, consents, approvals and any similar authority (all of the foregoing,
collectively, "PERMITS"), whether issued or granted by any governmental
authority or other Person, necessary for the conduct of its business as now
conducted and as proposed to be conducted, the lack of which would have, or
could reasonably be anticipated to have, a Materially Adverse Effect on the
Acquired Corporation. The Acquired Corporation is not in default in any material
respect under any of such Permit. The consummation of the Merger and the other
transactions contemplated hereby and by the Collateral Documents will not result
in the termination, suspension, revocation, forfeiture, lapse, impairment or
non-renewal of any such Permit or constitute justifiable grounds for the
termination, suspension, revocation, forfeiture, lapse, impairment or
non-renewal of any of such Permit, other than the Permits set forth in Section
3.12 of the ORA Disclosure Letter (all such Permits, collectively, the "REQUIRED
PERMITS" and the waivers of any automatic termination, suspension, revocation,
forfeiture, lapse, impairment or non-renewal of any such Permits or of any and
all rights to terminate, suspend, revoke, forfeit, lapse, impairment or not
renew any such Permits as a consequence or result of the execution, delivery
and/or performance of this Agreement and/or any of the Collateral Agreements
and/or the consummation of the Merger and the other transactions contemplated
hereby and thereby are hereinafter referred to collectively as the "REQUIRED
WAIVERS").

     3.13 Employee Benefit Plans. Except as expressly set forth in Section 3.13
of the ORA Disclosure Letter, the Acquired Corporation does not have any
Employee Benefit Plan as defined in the Employee Retirement Income Security Act
of 1974.

     3.14 Tax Returns, Payments and Elections. The Acquired Corporation has
filed all tax returns and reports (including information returns and reports) as
required to be filed by it by law. These returns and reports are true and
correct in all material respects. The Acquired Corporation has paid, or will pay
prior to becoming delinquent, all taxes shown to be due and payable on such
returns and reports, and any assessments imposed, except those contested by the
Acquired Corporation in good faith and expressly set forth in Section 3.14 of
the ORA Disclosure Letter. Except as expressly set forth in Section 3.14 of the
ORA Disclosure Letter, the Acquired Corporation has not elected pursuant to the
Code to be treated as an S Corporation or a collapsible corporation pursuant to
Section 1362(a) or Section 341(f) of the Code, nor has the Acquired Corporation
made any other elections pursuant to the Code (other than elections that relate
solely to methods of accounting, depreciation or amortization) that would have,
or could reasonably be anticipated to have, a Materially Adverse

                                       14
<PAGE>

Effect on the Acquired Corporation or upon the Surviving Corporation following
consummation of the Merger. There is no tax deficiency proposed or assessed
against the Acquired Corporation, and the Acquired Corporation has not executed
any waiver of any statute of limitations on the assessment or collection of any
tax or governmental charge, nor have any of the federal income tax returns of
the Acquired Corporation or any of its state income or franchise tax or sales or
use tax returns ever been audited by governmental authorities. Since the date of
the Interim Balance Sheet, the Acquired Corporation has not incurred any taxes,
assessments or governmental charges other than in the ordinary course of
business, and the Acquired Corporation has made adequate provisions on its books
of account for all taxes, assessments and governmental charges with respect to
the business, properties and operations of the Acquired Corporation for the
period since such date. The Acquired Corporation has withheld or collected from
each payment made to each of its employees the amount of all taxes and
assessments (including, but not limited to, federal income taxes, Federal
Insurance Contribution Act taxes and Federal Unemployment Tax Act taxes)
required to be withheld or collected therefrom and have paid the same to the
proper tax receiving officers or authorized depositories and have (as
appropriate) withheld, collected and/or paid to the appropriate authority all
other taxes and assessments (including, without limitation, sales, real estate,
property and commercial lease taxes) required to be withheld, collected and/or
paid by them.

     3.15 Minute Books. The minute book of the Acquired Corporation provided to
NAC contains a complete summary of all meetings and other actions of directors
and stockholders of the Acquired Corporation [or such consolidated corporation,
as the case may be,] since the time of its incorporation and reflect all
transactions referred to in such minutes accurately in all material respects.

     3.16 Labor Agreements and Actions; Employee Compensation. The Acquired
Corporation is not bound by or subject to (and none of the assets or properties
of the Acquired Corporation is bound by or subject to) any contract, commitment
or arrangement with any labor union, and no labor union has requested or has
sought to represent any of the employees, representatives or agents of the
Acquired Corporation. There is no strike or other labor dispute involving the
Acquired Corporation pending, or to the best information and belief the
Stockholder Parties, threatened, that would have, or could reasonably be
anticipated to have, a Materially Adverse Effect on the Acquired Corporation,
nor to the best information and belief of the Stockholder Parties is there any
labor organization activity involving the employees of the Acquired Corporation.
To the best information and belief of the Stockholder Parties there is not any
officer or key employee, or any group of key employees, who intends to terminate
his or their employment with the Acquired Corporation, nor does the Acquired
Corporation have a present intention to terminate the employment of any of the
foregoing. Except as otherwise provided in the employment agreement referred to
in Section 5.2 below, the employment of each officer and employee of the
Acquired Corporation is terminable at the will of the Acquired Corporation,
without payment (other than accrued compensation through the date of
termination) or other liability on the part of the Acquired Corporation. To the
best information and belief of the Stockholder Parties, the Acquired Corporation
has complied in all material respects with all applicable state and federal
equal employment opportunity and other laws related to employment. The Acquired
Corporation is not a party to or otherwise bound by any currently effective
employment contract, deferred compensation agreement, bonus incentive plan,
profit sharing plan, retirement agreement or other employee compensation
agreement or arrangement.

     3.17 Governmental and Third Party Consents. Except as expressly set forth
in Section 3.17 of the ORA Disclosure Letter, no consent, approval, order or
authorization of, or registration, qualification, designation, declaration or
filing with, any federal, state or local governmental authority or any other
third party on the part of the Acquired Corporation or the Stockholder is
required in connection with the consummation of the transactions contemplated by
this Agreement or any of the Collateral Documents, except the filing of the
Delaware Certificate of Merger with the Secretary of State of Delaware and the
filing of the NY Certificate of Merger with the Secretary of State of New York
and such consents, approvals, orders, authorizations, registrations,
qualifications, designations, declarations or filings as are expressly set for
in Section 3.17 of the

                                       15
<PAGE>

ORA Disclosure Letter (all such consents, approvals, orders, authorizations,
registrations, qualifications, designations, declarations and filings,
collectively, the "REQUIRED APPROVALS"). Except for the consents and approvals
expressly set forth in Section 3.17 of the Campus Disclosure Letter (all such
consents and approvals, collectively, the "REQUIRED CONSENTS"), all consents and
approvals of third parties necessary or appropriate for the Surviving
Corporation to assume, upon the consummation of the Merger, the rights and
benefits of the Acquired Corporation under any contract, agreement or other
instrument (inclusive of insurance policies) to which the Acquired Corporation
is a party, by which the Acquired Corporation is otherwise bound or under which
any benefit has been granted to the Acquired Corporation or under any Permit
granted to or held by the Acquired Corporation have been obtained and are in
full force and effect, exclusive of any contract, agreement or other instrument
the termination or expiration of which would not have, and could not reasonably
be anticipated to have, a Materially Adverse Effect upon the Acquired
Corporation.

     3.18 Title to Property and Assets. Except as expressly set forth in Section
3.18 of the ORA Disclosure Letter, the Acquired Corporation owns its property
and assets free and clear of all Liens, except such Liens as arise in the
ordinary course of business and do not materially impair the Acquired
Corporation's ownership or use of such property or assets. With respect to the
property and assets it leases, the Acquired Corporation is in compliance with
such leases and holds a valid leasehold interest free of any Liens, and the
Acquired Corporation is not in violation or default of, and to the best
knowledge of the Stockholder, no other party to any such lease is in violation
or default of, any such lease.

     3.19 Insurance. Except as expressly set forth in Section 3.19 of the ORA
Disclosure Letter, the Acquired Corporation has in full force and effect fire
and casualty insurance policies, with extended coverage, sufficient in amount
(subject to reasonable deductibles) to allow it to replace any of its properties
that might be damaged or destroyed. Except as expressly set forth in Section
3.19 of the ORA Disclosure Letter, the Acquired Corporation has in full force
and effect product liability and errors and omissions insurance in accounts
customary for companies similarly situated.

     3.20 Disclosure. Neither this Article 3 nor the ORA Disclosure Letter
contains any untrue statement of a material fact or omits a material fact
necessary to make the statements contained herein or therein, in light of the
circumstances in which they were made, not misleading, and there is no fact that
has not been disclosed to NAC that materially affects adversely or could
reasonably be anticipated to materially affect adversely the business, including
the operating results, assets, customer, supplier or employee relations and
business prospects, of the Acquired Corporation.

                                    ARTICLE 4

          ADDITIONAL REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER

     The Stockholder represents and warrants to NAC and Merger Sub as follows:

     4.1 Authority. The Stockholder has the power and authority to enter into
this Agreement and each of the Collateral Documents to which he or it is
contemplated hereunder to become a party and to carry out his obligations
hereunder and thereunder. This Agreement has been duly executed by the
Stockholder and constitutes a valid and binding obligation of the Stockholder,
enforceable against him in accordance with its terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization
or other similar laws relating to the enforcement of creditors' rights generally
and by general principles of equity. Each Collateral Document to which the
Stockholder is contemplated hereunder to become a party will, when executed and
delivered by the Stockholder, constitute a valid and binding obligation of the
Stockholder, enforceable against him in accordance with its terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization
or other similar laws relating to the enforcement of creditors' rights

                                       16
<PAGE>

generally and by general principles of equity. The execution, delivery
and performance of this Agreement by the Stockholder is not, and will not be, in
breach or violation of (a) any agreement, arrangement or understanding to which
the Stockholder is a party or by which he is otherwise bound, (b) any license,
franchise or permit applicable to the Stockholder or (c) any law, regulation,
order, judgment or decree applicable to the Stockholder. The execution, delivery
and performance of any Collateral Document by the Stockholder contemplated
hereunder to become a party thereto will not be in breach or violation of (a)
any agreement, arrangement or understanding to which the Stockholder is a party
or by which he is otherwise bound, (b) any license, franchise or permit
applicable to the Stockholder or (c) any law, regulation, order, judgment or
decree applicable to the Stockholder. No authorization, consent or approval of,
or filing with, any public body, court or authority is necessary on the part of
the Stockholder for the consummation by him of the transactions contemplated by
this Agreement to be performed by him.

     4.2 Stock Ownership. The Stockholder is the legal and beneficial owner of
all of the issued and outstanding shares of the capital stock of the Acquired
Corporation, free and clear of all Liens, other than restrictions under federal
and state securities laws. Any and all proxies and similar rights that may have
been given by the Stockholder prior to this Agreement regarding any shares of
capital stock of the Acquired Corporation have been revoked and are not longer
outstanding or of any force or effect

     4.3 Purchase Entirely for Own Account. The NAC Merger Shares to be received
by the Stockholder will be acquired for investment only and for the
Stockholder's own account, not as a nominee or agent, and not with a view to the
resale or distribution of any part thereof, and the Stockholder has no present
intention of selling, granting any participation in or otherwise distributing or
disposing of the same. By executing this Agreement, the Stockholder further
represents that he does not have any contract, undertaking, agreement or
arrangement with any Person to sell, transfer or grant participations to such
Person or to any other Person, with respect to any of the NAC Merger Shares.

     4.4 Disclosure of Information. The Stockholder believes that he has
received all the information he or it considers necessary or appropriate for
deciding whether to receive the NAC Merger Shares contemplated hereunder to be
issued to him. The Stockholder has had an opportunity to ask questions and
receive answers from NAC and its management regarding the business, properties,
prospects and financial condition of NAC.

     4.5 Investment Experience. The Stockholder acknowledges that he is able to
fend for himself, can bear the economic risk of his investment and has such
knowledge and experience in financial or business matters that he is capable of
evaluating the merits and risks of the investment of owning the NAC Merger
Shares contemplated hereunder to be issued to him. The Stockholder is an
accredited investor, as that term is defined in Rule 501 promulgated under the
Securities Act.

     4.6 Restricted Securities. The Stockholder understands that the NAC Merger
Shares he is acquiring are characterized as "restricted securities" under the
federal securities laws inasmuch as they are being acquired from NAC in a
transaction not involving a public offering and that, under such laws and
applicable regulations, such securities may be resold without registration under
the Securities Act only in certain limited circumstances. In this connection,
the Stockholder represents that he is familiar with SEC Rule 144, as presently
in effect, and understands the resale limitations imposed thereby and by the
Securities Act.

     4.7 Holding Period. The Stockholder agrees that, for a period of one year
from the Effective Time, he will not transfer or otherwise dispose of the NAC
Merger Shares (or any of them) being issued to him pursuant to the terms of this
Agreement.

                                       17
<PAGE>

     4.8 Ownership of Shares. There are no obligations of the Stockholder to
sell or to acquire any of the shares of capital stock of the Acquired
Corporation except pursuant to this Agreement. With respect to all of the
Stockholder's shares of capital stock of the Acquired Corporation, the
Stockholder has sole voting power and sole power to issue instructions with
respect to the matters herein, sole power of disposition, sole power of
conversion, sole power to demand appraisal rights and sole power to agree to all
of the matters set forth in this Agreement, in each case with no limitations,
qualifications or restrictions on such rights, subject, however, to applicable
securities laws and the terms of this Agreement.

     4.9 Guaranteed Obligations. Except as expressly set forth in reasonable
detail in Part A of Section 4.9 of the ORA Disclosure Letter, the Stockholder
has not agreed to act as a guarantor or surety with respect to any obligation or
liability of the Acquired Corporation (all such obligations and liabilities, as
so expressly set forth in reasonable detail in Part A of Section 4.9 of the ORA
Disclosure Letter, are hereinafter referred to collectively as the "GUARANTEED
OBLIGATIONS"). The Stockholder has provided NAC with true, complete and accurate
copies of each (a) guaranty and surety agreement or other document (including
all amendments, supplements and other modifications thereof or thereto) pursuant
to which Stockholder has agreed to act as a guarantor or surety with respect to
any obligation or liability of the Acquired Corporation (each such guaranty and
surety agreement or other document that is listed in Part B of Section 4.9 of
the ORA Disclosure Letter, a "STOCKHOLDER GUARANTY") and (b) loan agreement,
lease or other document (including all amendments, supplements and other
modifications thereof or thereto) that set forth any obligation or liability
with respect to which the Stockholder has agreed to act as a guarantor or surety
(each such loan agreement, lease or other document that is listed in Part C of
Section 4.9 of the ORA Disclosure Letter, a "GUARANTEED CONTRACT").

     4.10 Legends. It is understood that the Securities Act restricts the
transferability of securities, such as the NAC Merger Shares, issued in reliance
upon the exemption from the registration requirements of the Securities Act
provided by Section 4(2) thereunder, and that the certificates evidencing any of
the NAC Merger Shares will bear the following legend (in addition to such other
legends as may be required by law or contract):

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY
     OTHER APPLICABLE SECURITIES LAWS AND HAVE BEEN ISSUED IN RELIANCE UPON AN
     EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH
     SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE
     SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
     OTHER THAN PURSUANT TO THE PROVISIONS OF THE SECURITIES ACT OR AN EXEMPTION
     FROM REGISTRATION THEREUNDER. THE HOLDER OF THIS CERTIFICATE AGREES THAT
     IT/HE/SHE WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED
     (UNLESS SUCH SECURITY IS TRANSFERRED PURSUANT TO AN EFFECTIVE REGISTRATION
     STATEMENT UNDER THE SECURITIES ACT) A NOTICE SUBSTANTIALLY TO THE EFFECT OF
     THIS LEGEND.

                                    ARTICLE 5

                              ADDITIONAL AGREEMENTS

     5.1 Registration Rights Agreement. At the Closing, NAC and the Stockholder
shall enter into and deliver to the other a Registration Rights Agreement in the
form attached hereto as Exhibit A (the "REGISTRATION RIGHTS AGREEMENT").

                                       18
<PAGE>

     5.2 Employment and Non-Competition Agreements. At the Closing, NAC and the
Stockholder shall enter into and deliver to the other an Employment Agreement in
the form attached hereto as Exhibit B-1 and a Non-Competition And
Non-Solicitation Agreement (the "NON-COMPETE AGREEMENT") in the form attached
hereto as Exhibit B-2.

     5.3 Expenses. Each party to this Agreement (NAC, on the one hand, for
itself and Merger Sub and the Stockholder, on the other hand, for himself and
the Acquiring Corporation) shall bear its or his own expenses in connection with
this Agreement and the transactions contemplated hereby. The Acquired
Corporation shall bear the expenses for the audit of the Acquired Corporation,
which expenses (up to a maximum of $25,000) shall, upon consummation of the
Merger, be borne by the Surviving Corporation, with any amount in excess of such
$25,000 to be reimbursed to the Surviving Corporation by the Stockholder.

     5.4 Taxes. At the Closing, the Stockholder shall be responsible for all
sales, transfer and other similar taxes (inclusive of income taxes, other than
income taxes of NAC or Merger Sub) that result from or are occasioned by the
Merger. Without limiting the generality or scope of the foregoing, the
Stockholder shall bear (and to the extend paid by the Surviving Corporation,
reimburse the Surviving Corporation for) any and all taxes that may become due
and payable by the Acquired Corporation (or the Surviving Corporation as the
successor to the Acquired Corporations) as a consequence of the consummation of
the Merger; provided, however, that the foregoing shall not be deemed to
obligate the Stockholder to bear (or to reimburse the Surviving Corporation for)
any income or other taxes of the Surviving Corporation that accrue and become
payable following consummation of the Merger.

     5.5 Notification of Certain Matters. Each Party shall give prompt notice to
the others of (a) the occurrence or failure to occur of any event, which
occurrence or failure has caused, would cause or would be likely to cause any
representation or warranty on its or his part contained in this Agreement to be
untrue or inaccurate at, or at any time prior to, the Closing, and (b) any
material failure of such Party, or any officer, director, stockholder, employee
or agent thereof, to comply with or satisfy any covenant, condition or agreement
to be complied with or satisfied by it or him hereunder.

     5.6 Access to Information; Confidentiality.

     (a) NAC shall have the opportunity to make a complete due diligence review
     of the books, records, business and affairs of the Acquired Corporation,
     and the Stockholder shall have the opportunity to make a complete due
     diligence review of the books, records, business and affairs of NAC.

     (b) To facilitate the due diligence review, (i) NAC shall provide to the
     Stockholder and his agents complete access to all of its records and
     documents, shall provide the Stockholder with bank and professional
     references and shall use reasonable efforts to make available for
     consultation its customers and suppliers and (ii) the Stockholder shall
     provide to NAC and its agents complete access to all of the records and
     documents of the Acquired Corporation, shall provide NAC with bank and
     professional references and shall use reasonable efforts to make available
     for consultation the customers and suppliers of the Acquired Corporation.

     (c) Each Party agrees that all non-public information provided to any other
     Party will be treated as confidential, and if this Agreement is terminated,
     will return to the Party providing same all confidential documents (and all
     copies thereof) in its or his possession, or will certify to such Party
     that all such documents not returned have been destroyed; provided however,
     that, in the event the Merger is consummated, this provision shall not
     apply to NAC or Merger Sub and there shall be no restriction on the ability
     of NAC or Merger Sub to disclose information with regard to the Acquired
     Corporation.

                                       19
<PAGE>

     Non-public information shall not include any information that a Party can
     demonstrate: (i) was already in such Party's possession prior to
     negotiations related to this transaction; (ii) is or becomes publicly and
     openly known and in the public domain through no fault of such Party; or
     (iii) is received by such Party in a non-confidential manner from a third
     party having the right to disclose such information. The provisions of this
     Section 5.6(c) shall survive any termination of this Agreement.

     5.7 Certified NAC and Merger Sub Resolutions. At or prior to the Closing,
NAC shall furnish to the Stockholder (i) a copy of the text of the resolutions
by which the corporate action on the part of NAC and Merger Sub necessary to
approve this Agreement (including, without limitation, the plan of merger
contained herein), the Merger and the issuance of the NAC Merger Shares and the
Collateral Documents contemplated hereunder to be executed and delivered by NAC
and/or Merger Sub were taken and (ii) certificates executed on behalf of NAC and
Merger Sub certifying, in each case, that such copy is a true, correct and
complete copy of such resolutions and that such resolutions were duly adopted
and have not been amended or rescinded.

     5.8 Certified Resolutions of the Acquired Corporations. At or prior to the
Closing, the Acquired Corporation shall furnish to NAC (i) a copy of the text of
the resolutions by which the Board of Directors of the Acquired Corporation and
the Stockholder approved this Agreement (including, without limitation, the plan
of merger contained herein), the Merger and the Collateral Documents
contemplated hereunder to be executed and delivered by the Acquired Corporation
and (ii) a certificate executed on behalf of the Acquired Corporation by its
corporate secretary certifying to NAC that such copy is a true, correct and
complete copy of such resolutions and that such resolutions were duly adopted
and have not been amended or rescinded.

     5.9 Release of Guaranty. NAC shall use reasonable commercial efforts to
cooperate and assist the Stockholder in his efforts to obtain a release from his
obligation to assume or perform any Guaranteed Obligations under the Stockholder
Guaranty with respect to each Guaranteed Obligation under and with respect to a
Guaranteed Contract. Such efforts shall include the agreement by NAC to provide
its guarantee in lieu of, and in replacement for, the guaranty of the
Stockholder, but NAC shall not be obligated to make any payment in order to
accomplish any such release.

     5.10 Effectiveness of Collateral Documents. Notwithstanding the execution
and delivery of the Collateral Documents at the Closing, none of the Collateral
Documents shall be effective until the Effective Time.

                                    ARTICLE 6
                                   CONDITIONS

     6.1 Conditions to Obligations of Each Party to Effect the Merger. The
respective obligations of each Party to effect the Merger shall be subject to
the fulfillment at or prior to the Closing of the following conditions:

     (a) there shall not be pending by or before any court or other governmental
     body an order or injunction restraining or prohibiting the transactions
     contemplated hereby or by any of the Collateral Documents or any action or
     proceeding (other than one brought by or on behalf of any Party) pursuant
     to which the party bringing or commencing such action or proceeding is
     seeking such any order or injunction; and

     (b) no Party shall have terminated this Agreement as permitted herein.

                                       20
<PAGE>

     6.2 Additional Conditions to Obligations of the Acquired Corporation and
the Stockholder. The obligations of the Acquired Corporation and the Stockholder
to effect the Merger is also subject to the fulfillment at or prior to the
Closing of the following conditions:

     (a) NAC shall have furnished to the Stockholder a certificate in which NAC
     and Merger Sub shall certify that the representations and warranties of NAC
     and Merger Sub set forth in Article 2 above that are by their terms
     qualified by materiality shall be true and correct at and as of the Closing
     with the same force and effect as if made again at and as of the Closing
     and the representations and warranties of NAC and Merger Sub set forth in
     Article 2 above that are not so qualified shall be true and correct in all
     material aspects on and as of the Closing with the same force and effect as
     if made again at and as the Closing, each of the NAC and Merger Sub shall
     in all material respects have performed each obligation and agreement and
     complied with each covenant to be performed and complied with it hereunder
     at or prior to the Closing and NAC shall have furnished to the Acquired
     Corporation and the Stockholder a certificate in which NAC shall have
     certified that the foregoing conditions have been met;

     (b) NAC shall have delivered to the attorney for the Stockholder to be held
     in escrow, to be released immediately after the Effective Time, the
     certificate(s) for the NAC Merger Shares;

     (c) Between the date hereof and the Closing, (i) there shall have been no
     Materially Adverse Change with respect to NAC, (ii) there shall have been
     no adverse federal, state or local legislative or regulatory change
     affecting in any material respect the services, products or business of NAC
     and (iii) none of the properties and assets of NAC shall have been damaged
     by fire, flood, casualty, act of God or the public enemy or other cause
     (regardless of insurance coverage for such damage), which damages would
     have, or could reasonably be anticipated to have, a Materially Adverse
     Effect on NAC, and NAC shall have delivered to the Stockholder a
     certificate, dated as of the Closing, to the effect of the matters set
     forth in the foregoing clauses (i) - (iii); and

     (d) NAC shall have complied with its obligations under Section 5.7 above,
     and all corporate and other proceedings in connection with the transactions
     contemplated at the Closing and all documents incident thereto shall be
     reasonably satisfactory in form and substance to the Stockholder's counsel,
     and the Stockholder and his counsel shall have received all such
     counterpart original and certified or other copies of such documents as
     they may reasonably request.

     6.3 Additional Conditions to Obligations of NAC and Merger Sub. The
obligations of NAC and Merger Sub to effect the Merger are also subject to the
fulfillment at or prior to the Closing of the following conditions:

     (a) The Acquired Corporation and the Stockholder shall have furnished to
     NAC a certificate in which the Acquired Corporation and the Stockholder
     shall certify that the representations and warranties of the Acquired
     Corporation and the Stockholder set forth in Articles 3 and 4 hereof that
     are by their terms qualified by materiality shall be true and correct at
     and as of the Closing with the same force and effect as if made again at
     and as of the Closing and the representations and warranties of the
     Acquired Corporation and the Stockholder set forth in Articles 3 and 4
     hereof that are not so qualified shall be true and correct in all material
     respects at and as of the Closing with the same force and effect as if made
     again at and as the Closing, the Acquired Corporation and the Stockholder
     shall in all material respects have performed each obligation and agreement
     and complied with each covenant to be performed and complied with by it or
     him hereunder at or prior to the Closing, each and all of the Required
     Waivers, the Required Consents and the Required Approvals shall have been
     obtained and shall be in full force and effect and the Acquired Corporation
     and the Stockholder shall have furnished to NAC a certificate

                                       21
<PAGE>

     in which the Acquired Corporation and the Stockholder shall have certified
     that the foregoing conditions have been met;

     (b) The Stockholder shall have delivered the original certificate(s) for
     all of his shares of ORA Common Stock, duly endorsed to the Surviving
     Corporation for cancellation;

     (c) Between the date hereof and the Closing, (i) there shall have been no
     Materially Adverse Change with respect to the Acquired Corporation, (ii)
     there shall have been no adverse federal, state or local legislative or
     regulatory change affecting in any material respect the services, products
     or business of the Acquired Corporation and (iii) none of the properties
     and assets of the Acquired Corporation shall have been damaged by fire,
     flood, casualty, act of God or the public enemy or other cause (regardless
     of insurance coverage for such damage) which damages would have, or could
     reasonably be anticipated to have, a Materially Adverse Effect on the
     Acquired Corporation, and the Acquired Corporation and the Stockholder
     shall have delivered to NAC a certificate, dated as of the Closing, to the
     effect of the matters set forth in the foregoing clauses (i) - (iii); and

     (d) The Acquired Corporation shall have complied with its obligations under
     Section 5.8 above, and all corporate and other proceedings in connection
     with the transactions contemplated at the Closing and all documents
     incident thereto shall be reasonably satisfactory in form and substance to
     NAC's counsel, and NAC and its counsel shall have received all such
     counterpart original and certified or other copies of such documents as
     they may reasonably request.

                                   ARTICLE 7
                            POST CLOSING OBLIGATIONS

     7.1 Adjustments to Payment of Purchase Price. The determination of the Base
Purchase Price as set forth above was based upon the premise and assumption that
the Net Indebtedness Position (as hereinafter defined) of the Acquired
Corporation at the time of the Closing would be at least thirty-two thousand
dollars ($32,000) (the "BASE AMOUNT"). In the event the Net Indebtedness
Position of the Acquired Corporation at the time of the Closing is not equal to
at least the Base Amount, then the Base Purchase Price shall be adjusted, at the
election of NAC, by either (i) reducing of the outstanding principal amount of
the Stockholder's Note by the amount of the Shortfall (as hereinafter defined)
or (ii) multiplying the 200,000 shares of NAC Common Stock presumed to be the
correct amount of the Base Purchase Price by a fraction, the numerator of which
is the amount of the Shortfall and the denominator of which is the Base Amount,
with the number of shares of NAC Common Stock resulting from such calculation to
be returned to NAC as provided below. As used herein, the "NET INDEBTEDNESS
POSITION" of the Acquired Corporation at any time means the amount, if any, by
which the amount of nine hundred and fifty thousand dollars ($950,000.00)
exceeds the aggregate Outstanding Indebtedness (as hereinafter defined) of the
Acquired Corporation as of such time, "SHORTFALL" means the amount, if any, by
which the Base Amount exceeds the actual Net Indebtedness Position of the
Acquired Corporation at the time of the Closing, and the "OUTSTANDING
INDEBTEDNESS" of the Acquired Corporation as of any time means, as of such time,
(I) the aggregate outstanding amount (inclusive of principal, accrued but unpaid
interest and all fees and charges then due) owed by the Acquired Corporation for
borrowed money, which shall include, without limitation, (A) all amounts owed by
the Acquired Corporation to SBA Bank pursuant to or as contemplated by that
certain Loan Agreement, dated as of April 25, 2002, by and between the Acquired
Corporation and SBA Bank (such Loan Agreement, collectively with all related
loan documentation, including any surety, guaranty, security agreement, pledge
agreement or other agreement related thereto, the "SBA LOAN DOCUMENTS" and the
loan covered thereby, the "SBA LOAN"), (B) all amounts owed by the

                                       22
<PAGE>

Acquired Corporation to Citibank NA pursuant to or as contemplated by that
certain Loan Agreement and Line of Credit Agreement, dated as of July 1, 2001,
by and between the Acquired Corporation and Citibank NA (such Loan Agreement and
Line of Credit Agreement, collectively with all related loan documentation,
including any surety, guaranty, security agreement, pledge agreement or other
agreement related thereto, the "CITIBANK LOAN DOCUMENTS" and the loan covered
thereby, the "CITIBANK LOAN"), (C) all amounts owed by the Acquired Corporation
under or pursuant to any capital or capitalized lease (including, without
limitation, those leases listed in Part B of Section 3.4(a) of the ORA
Disclosure Letter (any such capital or capitalized lease, collectively with all
related lease documentation, a "CAPITAL LEASE") and (D) all repayment
obligations, exclusive of $115,000 of accrued compensation due to the
Stockholder, owed by the Acquired Corporation to the Stockholder, which
obligations shall be evidenced by a certain promissory note (the "STOCKHOLDER'S
NOTE"), dated the date of the Closing and issued by the Acquired Corporation to
the order of the Stockholder in the stated principal amount of one hundred and
fifty-three thousand dollars ($153,000) and otherwise in the form and substance
of Exhibit C attached hereto, plus (II) the aggregate amount at such time or
thereafter payable by the Acquired Corporation pursuant to any Capital Lease. If
the foregoing results in an adjustment in the number of shares of NAC Common
Stock that should have been issued to the Stockholder for the Base Purchase
Price, then such adjustment shall be made by the Stockholder, as promptly as
practical following NAC's request therefor, returning to NAC for cancellation an
appropriate number of the shares of NAC Common Stock it received at the Closing
in payment of the Base Purchase Price.

     7.2 Recharacterization of NAC Merger Shares. In the event the Stockholder
is required, as contemplated by Section 7.1 above, to return any of the shares
of NAC Common Stock initially issued to him at the Closing as contemplated under
Section 1.5(b) above, the term "NAC Merger Shares," as used in this Agreement,
shall be deemed to refer to the balance of such shares of NAC Common Stock.

     7.2 Timing of Adjustments. Any adjustments required by this Article 7 shall
be made within four (4) calendar months following the Effective Time or, if the
amount of the Outstanding Indebtedness is determined by arbitration as
contemplated by Section 10.12 below, within thirty (30) days after the amount of
the Outstanding Indebtedness has been so determined.

     7.3 Delivery of Audited Financial. The Stockholder shall deliver, or cause
to be delivered to NAC, within thirty-five (35) days following the Closing,
audited balance sheets (as of the date of the Closing and as of the end of each
of the last three fiscal years of the Acquired Corporation) and statements of
profit and loss and cash flows (for each of the last three fiscal years of the
Acquired Corporation and for the period from the end of the last completed
fiscal year of the Acquired Corporation through the date of the Closing), in
each case prepared in accordance with GAAP and SEC Regulation S-X and SEC
Regulation S-B (if applicable).

     7.4 Indemnification for Payments Made Pursuant to Stockholder Guaranty. If,
following the Closing, the Stockholder is not released from his obligations
under any Stockholder Guaranty and Stockholder is required to make any payment
thereunder, NAC shall promptly (and, in any event, within thirty (30) days
following payment by the Stockholder and receipt of demand therefor from
Stockholder, which demand is accompanied with appropriate proof of payment by
Stockholder) reimburse the Stockholder for such payment; provided, however,
that, if any claim shall be made against the Stockholder under or with respect
to any Stockholder Guaranty, the Stockholder shall give prompt written notice
thereof to NAC and NAC shall be entitled, with counsel selected by it, to defend
against and settle such claim in the name of and on behalf of the Stockholder.

                                       23
<PAGE>

                                    ARTICLE 8
                                   INDEMNITIES

     8.1 Survival of Representations and Warranties. All representations,
warranties, covenants and other agreements made by NAC, Merger Sub, the Acquired
Corporation and the Stockholder in this Agreement shall survive the Closing.

     8.2 Acquired Corporations and Stockholder to Indemnify.

     (a) General. Subject to the limitations in this Article 8, the Stockholder
     and (subject to Section 8.8 below) the Acquired Corporation, jointly and
     severally, agree to indemnify and hold harmless NAC and Merger Sub and
     their respective directors, officers, employees and agents from and against
     all proceedings, judgments, decrees, demands, claims, actions, losses,
     damages, liabilities, costs and expenses, including, without limitation,
     reasonable attorneys' fees and costs, (collectively referred to as
     "LOSSES") asserted against or incurred by NAC, Merger Sub or their
     respective directors, officers, employees or agents resulting from (i) a
     breach of any covenant, agreement, representation or warranty of the
     Acquired Corporation or the Stockholder contained in this Agreement, the
     exhibits hereto (exclusive of the Collateral Documents) or any certificate,
     document or instrument (other than the Collateral Documents, but including
     the ORA Disclosure Letter) delivered by or on behalf of the Acquired
     Corporation or the Stockholder pursuant hereto or as contemplated hereby or
     (ii) the assertion by any third party of a claim (a "THIRD PARTY CLAIM")
     that, if true, would constitute such a breach.

     (b) Tax Matters. The Acquired Corporation and the Stockholder, jointly and
     severally, also agree to indemnify, hold harmless and defend NAC and Merger
     Sub from and against any and all assessments, claims and liability
     (including, without limitation, any interest or other penalty) relating to
     (i) any failure to file federal, state or local tax returns or amended
     returns for the Acquired Corporation for any period, including short
     periods, for which a return was due, including any extensions, prior to or
     ending on the Effective Time; (ii) for any non-payment by the Acquired
     Corporation of federal, state or local taxes due for any period, including
     short periods, for which a return was due prior to or ending on the
     Effective Time; (iii) for any errors or omissions related to any federal,
     state or local tax returns, and the elections thereunder, filed by the
     Acquired Corporation for any period, including short periods, for which a
     return was due prior to or ending on the Effective Time; or (iv) any taxes
     that may become due as a result of any breach of any representation or
     warranty of the Acquired Corporation and/or the Stockholder set forth in
     this Agreement.

     8.3 NAC and Merger Sub to Indemnify. Subject to the limitations in this
Article 8, NAC and Merger Sub, jointly and severally, hereby agree to indemnify
and hold harmless the Stockholder and his agents from and against all Losses
asserted against or incurred by the Stockholder and his agents resulting from
(i) a breach of any covenant, agreement, representation or warranty of NAC or
Merger Sub contained in this Agreement, the exhibits hereto (exclusive of the
Collateral Documents, but including the NAC Disclosure Letter) or any
certificate, document or instrument (other than the Collateral Documents)
delivered by or on behalf of NAC or Merger Sub pursuant hereto or as
contemplated hereby or (ii) the assertion of any Third Party Claim that, if
true, would constitute such a breach.

     8.4 Notice of Claim. Any Party that or who has a claim that would give rise
to liability pursuant to this Article 8 shall give prompt notice to all other
Parties of such claim, together with a reasonable description thereof. With
respect to any Third Party Claim that is covered by the indemnifications
contained hereunder, the Party obligated to indemnify shall be afforded the
opportunity, at its expense, to defend or settle such Claim if, within ten (10)
business days of notice thereof, it acknowledges in writing its or his
indemnification obligation

                                       24
<PAGE>

     hereunder, utilizes counsel reasonably satisfactory to the indemnified
     party, commences such defense promptly and pursues such defense with
     diligence; provided, however, that such indemnifying party shall secure the
     consent of the indemnified party to any settlement, which consent shall not
     be unreasonably withheld or delayed. If any indemnified party defends
     against any Third Party Claim hereunder, such party shall use reasonable
     efforts in such defense and to mitigate Losses arising thereunder. In the
     event any indemnified party is indemnified hereunder with respect to any
     Third Party Claim the defense of which has been undertaken by a Party that
     is obligated hereunder to indemnify such indemnified party with respect to
     such Claim, such indemnified party shall promptly and fully cooperate with
     the indemnifying party in such defense.

     8.5 Certain Limitations.

     (a) Cap. The limit on the indemnification liability of the Stockholder and
     the Acquired Corporation under Section 8.2(a) and the limit on the
     indemnification liability of NAC and Merger Sub under Section 8.3 (each of
     such limits shall be referred to as a "CAP") shall be an amount equal to
     the Purchase Price plus (with respect to the indemnification liability of
     the Stockholder) the amount of the Stockholder Note, the amount of any
     payments paid or payable to the Stockholder pursuant to the Employment
     Agreement and the amount paid by NAC pursuant to Section 7.4 above.

     (b) Basket. Neither the Stockholder, considered as a party on one hand, nor
     NAC and Merger Sub, considered as a party on the other hand, shall be
     required to indemnify the other such party for any Losses relating to any
     matter subject to indemnification under this Article 8 unless and until
     such Losses exceed fifty thousand dollars ($50,000) (the "BASKET AMOUNT"),
     but in the event the Losses exceed the Basket Amount, the Party responsible
     therefor shall be liable and responsible for the full amount of such Losses
     without reduction for the Basket Amount.

     (c) Inapplicability of Cap and Basket. The Basket and Cap shall not apply
     to any breach of this Agreement constituting fraud or any intentional
     misstatement, any liability under or with respect to Section 8.2(b) above
     or any liability under or with respect to any breach of any of the
     Collateral Documents.

     8.6 Satisfaction of Obligations. If any indemnifying party becomes
obligated to indemnify another party with respect to any claim for
indemnification hereunder and the amount of liability with respect thereto shall
have been finally determined, subject to the limitations set forth in Section
8.5 above, the indemnifying party shall pay such amount to the indemnified
party.

     8.7 Exclusive Remedy at Law. This Article 8 provides the sole and exclusive
remedy at law of each of the Parties in any cause of action based thereon
(subject to the exception in Section 8.5(c) hereof) against the Parties for any
inaccuracy, misrepresentation or default in, or breach of, any of the
representations, warranties or covenants given or made by the Parties in this
Agreement, any exhibit hereto (excluding, however, the Collateral Documents, but
including the NAC Disclosure Letter and ORA Disclosure Letter, as applicable) or
in any certificate, document or instrument (other than the Collateral Documents)
delivered by or on behalf of any Party pursuant hereto. Nothing contained
herein, however, shall be construed as limiting any rights or remedies in
equity, including without limitation, the right of specific performance.

     8.8 Right to Proceed Against the Stockholder. In the event the Merger is
consummated, NAC and Merger Sub shall be permitted, and authorized, to proceed
(at their option) only against the Stockholder with respect to the
indemnification set forth above in this Article 8, and in the event of any
recovery from the Stockholder on account of or with respect to such indemnity,
the Stockholder shall not be entitled to seek or obtain from the Acquired
Corporation (or the Surviving Corporation as the successor to the Acquired

                                       25
<PAGE>

Corporations) any payment or contribution with respect to such recovery. THE
STOCKHOLDER hereby expressly waives the right to seek or obtain from THE
Acquired Corporation (or the Surviving Corporation as the successor to the
Acquired Corporations) any payment or contribution with respect to any such
recovery.

                                    ARTICLE 9

                        TERMINATION, AMENDMENT AND WAIVER

     9.1 Termination. This Agreement may be terminated at any time prior to the
Effective Time:

     (a) by mutual consent of the Stockholder and a duly authorized officer of
     NAC;

     (b) by NAC or Merger Sub if the Acquired Corporation or the Stockholder
     breaches any of its or his material representations, warranties or
     covenants contained herein and such breach is not curable or, if is
     curable, is not cured within fifteen (15) business days after receipt of
     written notice thereof, or by the Acquired Corporation or the Stockholder
     if NAC or Merger Sub breaches any of its material representations,
     warranties or covenants contained herein and such breach is not curable or,
     if curable, is not cured within fifteen (15) business days after receipt of
     written notice thereof;

     (c) by either NAC Party if the conditions to close the transactions
     contemplated by this Agreement shall become incapable of satisfaction other
     than on account of any action or inaction by either NAC Party, or by either
     Stockholder Party if the conditions to close the transactions contemplated
     by this Agreement shall become incapable of satisfaction other than on
     account of any action or inaction by either Stockholder Party; or

     (d) by any of NAC, Merger Sub, the Acquired Corporations and the
     Stockholder if all of the conditions to consummation of the Merger shall
     not have occurred, or been satisfied or waived, by April 30, 2003;
     provided, however, that neither NAC Party shall have the right to terminate
     this Agreement unilaterally if the event giving rise to such right shall be
     primarily attributable to either NAC Party or to any Person affiliated with
     either NAC Party and neither Stockholder Party shall have the right to
     terminate this Agreement unilaterally if the event giving rise to such
     right shall be primarily attributable to either Stockholder Party or to any
     Person affiliated with either Stockholder Party.

     9.2 Effect of Termination. In the event of termination of this Agreement as
provided in Section 9.1 hereof, this Agreement shall become void, and there
shall be no liability or further obligation hereunder on the part of any Party
or its respective stockholders (including the Stockholder), officers or
directors, except as set forth in Article 8 hereof, except for liability arising
from a willful breach of this Agreement and except for liability with respect to
any provision hereof that by its terms expressly survives the termination of
this Agreement.

                                   ARTICLE 10

                               GENERAL PROVISIONS

     10.1 Public Statements. Except as required by applicable law, no Party
shall make any public announcement or statement with respect to the Merger, this
Agreement or any related transaction without the approval of the other Parties,
which approval will not be unreasonably withheld or delayed. Each Party agrees

                                      26

<PAGE>

to consult with the other Parties prior to issuing any such public announcement
or statement with respect to the Merger, this Agreement or any related
transaction.

     10.2 Notices. All notices and other communications required or provided for
hereunder or under any of the Collateral Documents shall be in writing and shall
be sufficiently given if made by hand delivery, by telecopier, by recognized
overnight courier service or by registered or certified mail (postage prepaid
and return receipt requested) to the intended Party at the following applicable
address (or at such other address for such Party as shall be specified by like
notice given by such Party to the other Parties):

          If to NAC or Merger Sub (or, after    National Auto Credit, Inc.
          consummation of the Merger, to        555 Madison Avenue, 29th Floor
          the Acquired Corporation):            New York, New York 10022
                                                Attn: James McNamara
                                                FAX:  (212) 644-7070

          With a copy to:                       Reed Smith LLP
                                                599 Lexington Avenue, 29th Floor
                                                New York, New York  10022
                                                Attn:  Herbert F. Kozlov, Esq.
                                                FAX: (212) 521-5450

          If to the Stockholder or (prior to    Dean Thompson
          consummation of the Merger) the       65 Fort Hill Circle
          Acquired Corporation:                 Staten Island, New York  10301
                                                FAX: (212) 696-9546

          With a copy to:                       Steven B. Peri, Esq.
                                                Peri & Stewart, L.L.C.
                                                108 Baker Street
                                                Maplewood, New Jersey  07040
                                                FAX: (973) 762-5801

All such notices and other communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; three (3) Business Days
after being deposited in the mail, postage prepaid, if delivered by mail; the
next Business Day, if sent by recognized overnight courier service; and when
receipt acknowledged, if telecopied; provided, however, notice to a Party's
attorney shall not constitute notice to such Party. For the purposes of this
Agreement, "BUSINESS DAY" means any day other than a Saturday, Sunday or other
day on which banking institutions are authorized or required to be closed in the
State of New York.

     10.3 Interpretation. The headings contained in this Agreement or in any
Collateral Document are for reference purposes only and shall not affect in any
way the meaning or interpretation of this Agreement or such Collateral Document.
References to Sections and Articles (or any other subdivision) in this Agreement
or in any Collateral Document refer, unless otherwise stated, to sections and
articles (or any other subdivision) of this Agreement or such Collateral
Document, as the case may be. When used in this Agreement or any Collateral
Document, words such as "herein," "hereinafter," "hereof," "hereto," "hereby"
and "hereunder," and words of like import, unless the context requires
otherwise, refer to this Agreement (including the exhibits and attachments
hereto) or such Collateral Document (as the case may be) as a whole, and not to
any particularly Section, Article or other subdivision hereof or thereof. As
used in this Agreement or any Collateral Document,

                                       27
<PAGE>

the masculine, feminine and neuter genders shall be deemed to include the others
if the context requires. This Agreement and the Collateral Documents are the
product of mutual negotiations by the parties hereto and thereto and their
counsels; and no party to this Agreement or any of the Collateral Documents
shall be deemed the draftsperson of this Agreement or any Collateral Document or
any provision hereof or thereof or to have provided same. Accordingly, in the
event of any inconsistency or ambiguity of any provision of this Agreement or
any Collateral Document, such inconsistency or ambiguity shall not be
interpreted against any particular party to such agreement.

     10.4 Severability. The provisions of this Agreement and each of the
Collateral Documents shall be deemed severable, and the invalidity or
unenforceability of any term or provision hereof or thereof shall not affect the
validity or enforceability of this Agreement or any Collateral Document or any
of the other terms or provisions hereof or thereof. Furthermore, in lieu of any
such invalid or unenforceable term or provision, the Parties intend that there
shall be added, as a part of this Agreement or the applicable Collateral
Document (as may be applicable), a provision as similar in terms to such invalid
or unenforceable provision as may be possible and be valid and enforceable.

     10.5 Integration. This Agreement (together with all other documents and
instruments referred to herein) constitutes the entire agreement, and supersedes
all other prior agreements, representations, warranties and undertakings, both
written and oral, among the Parties, with respect to the subject matter hereof
and thereof.

     10.6 No Third Party Beneficiaries. This Agreement (together with all the
documents and instruments referred to herein) is not intended to confer upon any
other person or entity (other than the additional indemnified parties
contemplated by Article 8 hereof) any rights or remedies hereunder.

     10.7 Assignment. This Agreement shall not be assigned by operation of law
or otherwise, except that NAC and Merger Sub may assign all or any portion of
their rights under this Agreement to any wholly owned subsidiary of NAC, but no
such assignment shall relieve NAC and Merger Sub of their obligations hereunder,
and except that this Agreement may be assigned by operation of law to any
corporation with or into which NAC may be merged.

     10.8 Further Assurances. Upon the request of any Party, the other Parties
shall execute and deliver such instruments, documents and other writings as may
be reasonably necessary or desirable to confirm and carry out, and to effectuate
fully, the intent and purposes of this Agreement and the Collateral Documents.

     10.9 Binding Effect; Assignment. This Agreement and shall be binding upon
and be enforceable against the Parties and their respective heirs,
administrators, legal representatives, successors and assigns and shall inure to
the benefit of and be enforceable by the Parties and their respective heirs,
administrators, legal representatives, successors and permitted assigns.

     10.10 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument.

     10.11 Amendment. This Agreement may not be amended except by an instrument
in writing approved by the Parties and signed on behalf of each of the Parties.

     10.12 Non-Waiver. Failure to insist upon strict compliance with any of the
terms, covenants, or conditions hereof shall not be deemed a waiver of such
term, covenant or condition, nor any waiver or relinquishment of any rights or
power at any other time or times.

                                      28
<PAGE>

     10.13 Waiver of Jury Trial; Consent to Jurisdiction. EACH OF THE PARTIES
EXPRESSLY WAIVES ITS OR HIS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY SUIT,
LITIGATION OR OTHER JUDICIAL PROCEEDING REGARDING THIS AGREEMENT OR ANY
COLLATERAL DOCUMENT OR ANY DISPUTE HEREUNDER OR THEREUNDER OR RELATING HERETO OR
THERETO. This Agreement and each of the Collateral Documents shall be governed
by, interpreted under and construed in accordance with the internal laws of the
State of New York applicable to contracts executed and to be performed wholly
within that State without giving effect to the choice or conflict of laws
principles or provisions thereof, except to the extent any provision hereof or
thereof must be governed by, interpreted under or construed in accordance with
the laws of the State of Delaware. Each of the Parties agrees that any dispute
under or with respect to this Agreement or any of the Collateral Documents shall
(subject to Section 10.14 below) be determined before the state or federal
courts situated in the City, County and State of New York, which courts shall
have exclusive jurisdiction over and with respect to any such dispute, and each
of the Parties hereby irrevocably submits to the jurisdiction of such courts.
Each Party hereby agrees not to raise any defense or objection, under the theory
of forum non conveniens or otherwise, with respect to the jurisdiction of any
such court. In addition to such other method as may available under applicable
law, each Party agrees that any summons, complaint or other papers or process in
connection with any such dispute (including any dispute contemplated by Section
10.14 below) may be served on it or him in the same manner in which a Notice may
be given to it or him pursuant to Section 10.2 above.

     10.14 Dispute Resolution and Arbitration. Subject to clause (c) below, if
any dispute arises between or among any of the Parties regarding or relating to
this Agreement or (unless otherwise expressly provided for therein) any
Collateral Document (including, without limitation, any aspect of Thompson's
obligations under the Employment Agreement), then, IN LIEU OF LITIGATION, the
Parties consent and agree to resolve such dispute through mandatory arbitration
under the Commercial Rules of the American Arbitration Association (the "AAA"),
before a single, independent arbitrator (which arbitrator shall, subject to
clause (b) below, be a retired judge of any Federal Court or a retired judge who
has served as a judge in civil proceedings in New York at the Supreme Court
level or on a more senior court in the State of New York). Any such arbitrator
shall be selected by mutual agreement of the parties to such arbitration, but in
the event such parties cannot agree upon the selection of such arbitrator, the
AAA located in New York City shall appoint such arbitrator in accordance with
the commercial arbitration rules of the AAA. Any arbitration proceeding
contemplated hereunder shall be conducted in New York City, New York. The
Parties consent to the entry of judgment upon award rendered by the arbitrator
in any court of competent jurisdiction. Without limiting the generality or scope
of the foregoing, all disputes (except as otherwise herein or in the applicable
Collateral Document expressly provided) under or with respect to this Agreement
or any Collateral Document shall be subject to arbitration as herein provided,
which disputes may include, without limitation, any claim or dispute with
respect to (i) the enforceability of this Agreement or any Collateral Document
(or any provision hereof or thereof), (ii) whether this Agreement or any
Collateral Document was induced by fraud or coercion and (iii) whether any Party
is entitled to rescission or any other remedy.

     (a) Notwithstanding the foregoing, if the dispute relates to a
     determination of the amount of the Outstanding Indebtedness hereunder or
     any other financial amount under any of the Collateral Documents, such
     dispute shall be resolved in accordance with clause (a) above but the
     single arbitrator shall be an individual with substantial experience in
     auditing public companies.

     (b) Notwithstanding the foregoing, if any suit or other judicial proceeding
     is commenced asserting a Third Party Claim against any Party and if such
     Third Party Claim would or could give rise to a claim for indemnification
     by such Party under Article 8 above, then, at the election of such Party,
     the Party obligated hereunder to indemnify with respect to such Claim may
     be joined in such suit or other judicial

                                      29
<PAGE>

     proceeding so that all matters related thereto (including the obligation,
     if any, of any Party to indemnify another Party with respect to such Claim)
     may be resolved in such suit or other legal proceeding.

     (c) Notwithstanding the foregoing, however, should adequate grounds exist
     for seeking immediate injunctive or other equitable relief hereunder or
     under any Collateral Document, any Party may seek and obtain such relief
     through a judicial proceeding or action in accordance with Section 10.13
     above, provided that, upon obtaining such relief, any further proceeding in
     such judicial proceeding or action (exclusive of any appeal) shall be
     stayed pending the resolution of the arbitration proceedings called for
     herein.

     (d) With respect to any arbitration contemplated by this Section 10.14,
     each Party shall, subject to Article 8 above, bear its or his own costs;
     however, any fees assessed by the AAA shall be allocated by the arbitrator
     in his or her sole discretion.

                   [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK

                            SIGNATURE PAGE TO FOLLOW]

                                      30
<PAGE>

     IN WITNESS WHEREOF, Thompson has executed this Agreement on the date first
written above and each of NAC, Merger Sub and the Acquired Corporation has
caused this Agreement to be executed on the date first written above by its
respective officer or other representative thereunder duly authorized.

                                    NATIONAL AUTO CREDIT, INC.,
                                    a Delaware corporation

                                    By:
                                        ----------------------------------------
                                        Name: Robert V. Cuddihy, Jr.
                                        Title: Executive V. P. and CFO

                                    OMI BUSINESS ACQUISITION CORP..,
                                    a Delaware corporation

                                    By:
                                        ----------------------------------------
                                        Name: Robert V. Cuddihy, Jr.
                                        Title: Vice President

                                    ORA/METRO INCORPORATED,
                                    a New York corporation

                                    By:
                                        ----------------------------------------
                                        Name: Dean Thompson
                                        Title: President

                                    --------------------------------------------
                                            DEAN THOMPSON

                                       31<PAGE>

                                  EXHIBIT 10.16
                                  -------------

                              EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this "AGREEMENT"), effective as of April 18, 2003
(the "EFFECTIVE DATE"), among Dean Thompson ("EXECUTIVE") and OMI Communication,
Inc. ("EMPLOYER"), a Delaware corporation. Executive, Employer are hereinafter
sometimes referred to collectively as the "PARTIES" and each as a "PARTY."

     WHEREAS, Executive and Employer have entered into a certain Merger
Agreement And Plan Of Reorganization (the "MERGER AGREEMENT"), dated as of April
1, 2003, by an among National Auto Credit, Inc. ("NAC"), Employer, ORA/Metro
Incorporated ("ORA") and Executive providing, inter alia, for the merger of ORA
with and into Employer, as a subsidiary of NAC;

     WHEREAS, in conjunction with such merger, Executive desires to be hired and
employed by Employer to supervise and operate the businesses of Employer, and
Employer desires to hire and employ Executive to supervise and operate its
businesses; and

     WHEREAS, Section 5.2 of the Merger Agreement provides that the parties
hereto will enter into this Agreement;

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants hereinafter set forth and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows:

1.   EMPLOYMENT OF EXECUTIVE

     Employer hereby agrees to employ Executive, and Executive hereby agrees to
be and remain in the employ of Employer, upon the terms and conditions
hereinafter set forth.

2.   EMPLOYMENT PERIOD; EMPLOYMENT YEAR

     2.1 Employment Period. Subject to earlier termination as provided in
Section 5 hereof, the term of Executive's employment under this Agreement shall
commence as of the date hereof and shall continue for a period (the "INITIAL
EMPLOYMENT PERIOD") ending on January 31, 2008. Notwithstanding anything
contained herein to the contrary, if the Stockholder's Note (as defined in the
Merger Agreement) has not been paid in full or otherwise discharged prior to the
expiration of the Initial Employment Period or, if the term of Executive's
employment under this Agreement shall have been extended as provided herein,
prior to the end such term, then Executive may, by written notice given to
Employer at least ninety (90), but not more than one hundred and eighty (180),
days prior to the date this Agreement would otherwise expire, elect to extend
the term of his employment hereunder until (a) the first anniversary of the date
the Initial Employment Period would expire or, if the term of Executive's
employment under this Agreement shall have been extended as provided herein, the
first anniversary of the date such term would have otherwise expired or (b) such
earlier date as may be specified in such notice; provided, however, that no
extension shall be effective to extend Executive's employment hereunder beyond
the date the Stockholder's Note is paid in full or otherwise discharged. As used
herein, "EMPLOYMENT PERIOD" means the Initial Employment Period plus any
extension of the term of Executive's employment under this Agreement that has
been made as provided above.

<PAGE>

     2.2 Employment Year. As used herein, an "EMPLOYMENT YEAR" means the period
commencing on the date hereof and ending on January 31, 2004 and each successive
twelve month period commencing on February 1st and ending on the following
January 31st.

3.   DUTIES AND RESPONSIBILITIES; PLACE OF PERFORMANCE

     3.1 Duties and Responsibilities. During the Employment Period, Executive
shall have the titles of, and shall serve as, President of Employer. During the
Employment Period, Executive shall devote all of his business time to Employer
and its subsidiaries (if any) and to his duties and responsibilities hereunder
and shall perform such duties and obligations (not inconsistent with his
positions as President of Employer) as may be assigned to him from time to time
by the Employer's Board of Directors (such Board of Directors, the "BOARD") or
by the Chairman or Chief Executive Officer of NAC. During the Employment Period,
Executive shall (subject to the next following sentence) have authority and
responsibility to manage all day-to-day business and operations of Employer and
its subsidiaries (if any), including the hiring of all personnel, but all
decisions with respect to the firing or other termination of personnel shall be
made jointly by Executive and by the Board or the Chairman or Chief Executive
Officer of NAC, with neither side to unreasonably withhold or delay his or its
consent. Notwithstanding anything contained herein to the contrary, Executive
shall not have authority or responsibility, without the consent or approval of
the Board or the Chairman or Chief Executive Officer of NAC, to cause Employer
(or any subsidiary of Employer) to take (or allow or permit Employer (or any
subsidiary of Employer) to take), and Executive shall not cause Employer (or any
subsidiary of Employer) to take (or allow or permit Employer (or any subsidiary
of Employer) to take), any of the following actions: (a) terminate or cease any
business or line of business of Employer (or such subsidiary) if such business
or line of business has generated revenues of at least fifty thousand dollars
($50,000) during the preceding Fiscal Year (as hereinafter defined); (b)
commence any new business or line of business or acquire any new business or
line of business from any Person (as hereinafter defined); (c) grant any
security interest in, or lien on, any of the assets or property of Employer (or
such subsidiary); (d) sell, transfer or otherwise dispose of any of the assets
or property of Employer (or such subsidiary) other than in the ordinary course
of its business consistent with past practices (which shall, to the extent
applicable, include the past practices of the ORA); (e) loan or advance any
funds (exclusive of the advancing of funds for travel and other business
expenses in accordance with Employer's Policies And Practices (as hereinafter
defined)); (f) guaranty or otherwise act as a surety with respect to any
obligations of any other Person; (g) borrow any funds or money; (h) make any
expenditure (other than a capital expenditure) in excess of one hundred thousand
dollars ($100,000); (i) make any capital expenditure (including, without
limitation, pursuant to any capitalized lease) in excess of fifty thousand
dollars ($50,000) (with it being agreed, however, that consent to capital
expenditures in excess of such amount will not be unreasonably withheld); (j)
enter into or make any contract, agreement or other commitment that (i) would
require payments during any consecutive twelve-month period in excess of fifty
thousand dollars ($50,000) or (ii) have a term that is either (A) more than one
(1) year or (B) extends beyond the end of the Employment Period; (k) relocate
its principal offices; (k) enter into any contract with, or make any commitment
to, any affiliate of Executive; (l) hire any executive officer (or otherwise
retain a person to provide services normally provided by an executive officer);
or (m) grant to any employee any compensation package (including, without
limitation, any employee or fringe benefits) not consistent with Employer's (or
such subsidiary's) customary policies or practices as approved by the Board (or
the Board of Directors of such subsidiary). As used herein, "PERSON" means any
individual, corporation, partnership, limited liability company, trust, business
trust, association or other entity, and "FISCAL YEAR" means any twelve
consecutive month period beginning February 1st and ending on the following
January 31st.

     3.2 Place of Performance. In connection with his employment during the
Employment Period, Executive shall be based at the principal offices of
Employer, which shall not be moved more than twenty-five (25) miles (measured in
a straight line and not over streets or roadways) from its current location
without Executive's consent, which consent shall not be unreasonably withheld or
delayed; provided, however, that the principal offices

                                        2
<PAGE>

of Employer may be moved without Executive's consent if the distance from
Executive's then primary residence to the new location is not greater (measured
in a straight line and not over streets or roadways) than the distance from
Executive's then primary residence to the then existing location of Employer's
principal offices.

4.   COMPENSATION AND RELATED MATTERS

     4.1 Base Salary. Employer shall pay to Executive an aggregate base salary
(the "BASE SALARY"), which in the first Employment Year shall be payable at the
rate of one hundred and seventy-five thousand dollars ($175,000) per annum and
in each successive Employment Year during the Initial Employment Period shall
increase by eight thousand seven hundred and fifty dollars ($8,750) per annum,
which shall be paid to Executive in arrears bi-weekly in accordance with the
customary practices of NAC.

     4.2 Performance Bonus. In addition to his base salary as provided above,
Executive shall, for each full Employment Year he is employed hereunder, be
entitled to receive from Employer a performance bonus equal to twenty percent
(20%) of the amount (if any) by which Employer's Adjusted EBIDTA (as hereinafter
defined) for such Employment Year exceeds one hundred thousand dollars
($100,000) (any such performance bonus, a "PERFORMANCE BONUS"); provided,
however, that, in determining Employer's Adjusted Ebitda for the first
Employment Year, Employer's Adjusted EBIDTA shall include ORA's Adjusted EBITDA
(whether positive or negative) for the period from February 1, 2003 through the
Effective Time (as defined in the Merger Agreement). Any Performance Bonus to
which Executive may become entitled pursuant to this Section 4.2 shall be paid
to Executive within one hundred and twenty (120) days following the end of the
Employment Year for which it was earned. As used herein, "ADJUSTED EBITDA" for
any entity for any period means the earnings of such entity for such period,
before any deduction for interest, taxes, depreciation and amortization, and
before deducting corporate overhead or other expenses allocated to such entity
by NAC but after deducting (A) the aggregate amount of all capital expenditures
(including, without limitation, pursuant to any capital or capitalized lease)
made or required to be made by such entity (or any of its subsidiaries) during
such period and (B) any debt service paid or required to be paid during such
period by such entity (or any of its subsidiaries), including, without
limitation, any amount of debt service paid or required to be paid during such
period pursuant to or with respect to the Stockholder's Note, in each case as
determined in accordance with generally accepted accounting principles ("GAAP").

     4.3 Discretionary Bonus. In addition to his base salary and any performance
bonus to which he may be entitled pursuant to Section 4.2 hereof, Executive
shall be entitled to such bonuses (if any), in such amounts and at such times,
as the Board, in its sole and absolute discretion, may approve.

     4.4 Stock Options. In addition to his base salary, any performance bonus to
which he may be entitled pursuant to Section 4.2 hereof and any discretionary
bonus to which he may be entitled pursuant to Section 4.3 hereof, Executive
shall be entitled to receive options to purchase one hundred thousand (100,000)
shares of NAC common stock at an exercise price equal to the closing price of a
share of NAC common stock on the date of grant, which options shall vest
one-third at the end of each of the first, second and third Employment Year and
shall otherwise be subject to the customary terms and conditions of stock
options granted under NAC's employee stock option plan. In addition, if the
aggregate of (a) ORA's Adjusted EBITDA (whether positive or negative) for the
period from February 1, 2003 through the Effective Time and (b) Employer's
Adjusted EBITDA for the period from the Effective Time through January 31, 2006
exceeds nine hundred thousand dollars ($900,000), then effective as of February
1, 2006, Executive shall be entitled to receive options to purchase an
additional one hundred thousand (100,000) shares of NAC common stock (adjusted
on account of any stock split, stock dividend or similar event occurring between
the date hereof and February 1, 2006) at an exercise price equal to the closing
price of a share of NAC common stock on February 1, 2006, which options shall
vest one-third at the end of each

                                        3
<PAGE>

of the fourth, fifth and sixth Employment Year and shall otherwise be subject to
the customary terms and conditions of stock options granted under NAC's employee
stock option plan.

     4.5 Automobile Allowance. Employer shall reimburse Executive for the costs
of a leased automobile, including maintenance, fuel and insurance, and/or other
transportation service, in an amount not to exceed two thousand dollars ($2,000)
in any calendar month. Reimbursement for such costs will be conditioned upon
Executive's presentation of signed, itemized accounts of such costs, all in
accordance with the record keeping and accounting aspects of Employer's Policies
And Practices.

     4.6 Other Benefits. During the Employment Period, to the extent Executive
is eligible and qualifies under their respective terms, Executive shall be
entitled to receive such fringe benefits as are from time to time hereafter
generally provided by Employer to its senior management employees or other
employees (other than those provided under or pursuant to separately negotiated
individual employment agreements or arrangements) under any pension or
retirement plan, disability plan or insurance, group life insurance, medical and
dental insurance, accidental death and dismemberment insurance, travel accident
insurance or other similar plan or program of Employer. Subject to Executive
being eligible and qualifying therefor, during the term of Executive's
employment hereunder, (A) Employer shall provide a term life insurance policy
for Executive in an amount of four hundred thousand dollars ($400,000) or, if
less, the amount that can be purchased with an annual premium not to exceed
twenty-five hundred dollars ($2,500) and (B) Employer shall, in a manner and
amount consistent with insurance generally provided by NAC to its senior
executive officers, provide short-term and long-term disability insurance for
Executive. To the extent the medical insurance provided by Employer to Executive
does not fully cover the cost of an annual physical examination for Executive,
Employer shall reimburse Executive for such cost promptly after such cost is
incurred and request for such reimbursement have been made to NAC. Executive's
Base Salary shall (where applicable) constitute the compensation on the basis of
which the amount of Executive's benefits under any such plan or program shall be
fixed and determined.

     4.7 Expense Reimbursement. Employer shall reimburse Executive for all
business expenses reasonably incurred by him in the performance of his duties
under this Agreement upon his presentation of signed, itemized accounts of such
expenditures, all in accordance with Employer's Policies And Practices. As used
herein, "EMPLOYER'S POLICIES AND PRACTICES" means the policies, procedures and
practices of Employer, as approved by Board and in effect from time to time,
which policies, procedures and practices are anticipated to be the same or
substantially the same as the corresponding policies and procedures applicable
to NAC and its employees.

     4.8 Vacations. Executive shall be entitled to twenty (20) days paid
vacation for each Employment Year during the Employment Period, in accordance
with Employer's Policies And Practices. Executive shall also be entitled to paid
holidays and personal days in accordance with Employer's Policies And Practices.

5.   TERMINATION OF EMPLOYMENT

     5.1 Termination Without Cause; Voluntary Termination by Executive. Employer
may, by written notice to Executive at any time following the second anniversary
hereof, terminate the Employment Period and this Agreement without Cause (as
defined below). Executive may, by written notice to Employer and NAC at any time
during the Employment Period, voluntarily resign from Employer and terminate the
Employment Period and this Agreement by giving written notice of his intention
to do so at least ninety (90) days in advance. A termination under this Section
5.1 shall be effective immediately.

     5.2 By Employer for Cause. Employer may, at any time during the Employment
Period, by written notice to Executive, terminate the Employment Period and this
Agreement for Cause, which termination shall be effective immediately except as
otherwise provided below. Such notice shall set forth in reasonable detail the

                                        4
<PAGE>

basis for such termination. In the event that it is possible for Executive to
cure or correct the circumstances set forth in such notice, the termination
shall not be effective until the date that is thirty (30) days following the
date on which such notice is given, and the circumstances set forth in the
notice shall not constitute Cause if within such 30 days Executive cures or
corrects such circumstances. Employer shall have "CAUSE" to terminate
Executive's employment hereunder upon or on account of Executive's:

     (a) any fraud, embezzlement or any other illegal act committed by Executive
in connection with Executive's duties as an executive of Employer or any
subsidiary or affiliate of Employer that causes or may reasonably be expected to
cause substantial economic injury to Employer or any subsidiary or affiliate of
Employer;

     (b) any conviction of any felony that causes or may reasonably be expected
to cause substantial economic injury to Employer or any subsidiary or affiliate
of Employer;

     (c) any breach or violation of any material term or condition of this
Agreement; or

     (d) any willful or grossly negligent commission of any other act or failure
to act that causes or may reasonably be expected (as of the time of such
occurrence) to cause substantial economic injury to or substantial injury to the
reputation of Employer or any subsidiary or affiliate of Employer, including,
without limitation, any material violation of the Foreign Corrupt Practices Act,
as described below. An act or failure to act on the part of Executive shall be
considered "willful" if done, or omitted to be done, by Executive in bad faith
or without a reasonable belief that the act or omission was in the best interest
of Employer.

     5.3 By Executive for Good Reason. Executive may, at any time during the
Employment Period by written notice to Employer and NAC, terminate the
Employment Period and this Agreement for Good Reason (as defined below), which
termination shall be effective immediately subject to the notice and cure period
provided for below. For the purposes hereof, "GOOD REASON" means any of the
following without Executive's consent: (A) subject to Section 3 above, a
material and adverse change in the nature and scope of Executive's authority and
duties; or (B) a material breach of this Agreement by Employer (including, but
not limited to, failure to pay any amount due to Executive when due); provided,
however, that the circumstances set forth in the foregoing clauses (A) and (B)
will not constitute Good Reason unless Executive shall have given Employer and
NAC written notice of his election to terminate this Agreement for Good Reason
(which notice shall set forth in reasonable detail the circumstances giving rise
to such election to terminate) and Employer shall have failed to cure or correct
such circumstances within thirty (30) days of its receipt of such notice.

     5.4 Disability. During the Employment Period, if, as a result of physical,
psychological or mental incapacity, disability or infirmity, Executive shall be
unable to perform any of his duties under this Agreement for (i) a period of at
least 60 days (60) consecutive days or (ii) periods aggregating at least 120
days during any period of twelve (12) consecutive months (each a "DISABILITY
PERIOD"), and at the end of the Disability Period there is no reasonable
probability that Executive can promptly resume his duties hereunder, Executive
shall be deemed to has sustained a disability (a "DISABILITY") and Employer, by
written notice to Executive, shall have the right to terminate the Employment
Period and this Agreement for Disability either at, as of or after the end of
the Disability Period. The existence of a Disability shall be determined by a
reputable, licensed physician. The parties (with NAC acting on behalf of
Employer for this purpose) shall attempt to agree on such a physician. In the
event the parties are unable to so agree, such physician shall be selected by an
arbitrator provided by the American Arbitration Association in New York, New
York. Executive shall cooperate fully in all reasonable respects to enable an
examination to be made by such physician.

                                        5
<PAGE>

     5.5 Death. The Employment Period and this Agreement shall terminate on the
date of Executive's death.

6.   TERMINATION COMPENSATION

     6.1 Termination by Employer without Cause or by Executive for Good Reason.
If the Employment Period is terminated by Employer without Cause or by Executive
for Good Reason, Employer will pay to Executive the lesser of (a) the Cap Amount
(as hereinafter defined) or (b) the amount of base salary to which Executive
would be entitled for the balance of the Initial Employment Period or, if the
term of Executive's employment hereunder has been extended pursuant to Section
2.1 hereof, for the balance of the Employment Period. Employer shall pay to
Executive such amount in a lump sum cash payment as soon as practicable (but in
any event within ninety (90) days) following the effective date of such
termination. Employer shall also continue to provide Executive with all employee
benefits that he was participating in or receiving at the effective date of
termination for a period (the "POST-TERMINATION PERIOD") of two years or, if
shorter, until the end of the Initial Employment Period or, if the term of
Executive's employment hereunder has been extended pursuant to Section 2.1
hereof, until the end of the Employment Period; provided, however, that, to the
extent, as a consequence of such termination, Executive is not eligible to
receive or does not qualify for such benefits for all or a portion of the
Post-Termination Period, Executive shall be entitled to receive from Employer an
amount (on a tax effective basis) equal to the out-of-pocket cost to Employer of
such benefits for a period, immediately preceding such termination, equal to the
portion of the Post-Termination Period during which such benefits are not
provided. Further, in the event the Employment Period is terminated by Employer
without Cause, Executive shall also be entitled to receive the following
compensation: (a) with respect to the Employment Year during which such
termination occurred (such Employment Year, the "TERMINATION YEAR"), the full
Performance Bonus Executive would have been entitled to receive pursuant to
Section 4.2 above if Executive had remained employed hereunder for the balance
of the Termination Year; and (b) with respect to each successive Employment Year
(if any) that would have occurred prior to the end of the Employment Period
(each such Employment Year, a "SUCCESSIVE YEAR"), the product of (I) the full
Performance Bonus Executive would have been entitled to receive pursuant to
Section 4.2 above if Executive had remained employed hereunder for all of such
Successive Year times (II) a fraction, the numerator of which is (A) the total
numbers of Successive Years less the number of years after the Termination Year
that such Successive Year is and the denominator of which is the number of
Successive Years. Executive shall be entitled to receive such additional
compensation (if any) at the same time Executive would have been entitled to
receive the corresponding Performance Bonus under Section 4.2 above if he had
remained employed hereunder. By way of example only, if the Employment Period is
comprised of five (5) Employment Years and Executive is terminated by Employer
without Cause at any time during the second Employment Year, then Executive
shall be entitled to receive (a) the full Performance Bonus Executive would have
been entitled to receive pursuant to Section 4.2 above if Executive had remained
employed hereunder for all of such second Employment Year, (b) two-thirds (2/3)
of the Performance Bonus Executive would have been entitled to receive pursuant
to Section 4.2 above if Executive had been employed hereunder for all of the
third Employment Year and (c) one-third (1/3) of the Performance Bonus Executive
would have been entitled to receive pursuant to Section 4.2 above if Executive
had been employed hereunder for all of the fourth Employment Year. As used
herein, the "CAP AMOUNT" means the maximum amount that could be paid to
Executive pursuant hereto with no part of such amount being subject to
disallowance or exclusion as a deduction, pursuant to Part IX or any other
provision of the Internal Revenue Code of 1986, as amended (the "CODE"), by
Employer in determining its net income subject to taxation under the Code or by
NAC in determining its consolidated net income subject to taxation under the
Code.

     6.2 Termination by Reason of Death. If the Employment Period is terminated
by death as contemplated by Section 5.5 hereof, Employer shall, within thirty
(30) days following the effective date of termination, pay to Executive's estate
(to the extent the same has not already been paid) Executive's base salary
through the effective date of termination plus Executive's base salary for an
additional ninety (90) days.

                                        6
<PAGE>

     6.3 Certain Other Terminations. If the Employment Period is terminated
pursuant to the provisions of Section 5.2 or 5.4 hereof, Employer shall, within
thirty (30) days following the effective date of termination, pay to Executive
(to the extent the same has not already been paid) his base salary through the
effective date of termination. Employer shall have no obligation to continue any
other benefits provided for in Section 4 hereof or otherwise past the effective
date of termination.

     6.4 No Other Termination Compensation. Executive shall not, except as set
forth in this Section 6, be entitled to any compensation or other consideration
following termination of the Employment Period.

     6.5 Mitigation of Damages. In the event of any termination of Executive's
employment by Employer, Executive shall not be required to seek other employment
to mitigate damages, and any income earned by Executive from other employment or
self-employment shall not be offset against any obligations of Employer to
Executive under this Agreement. Employer's obligations hereunder and Executive's
rights to payment shall not be subject to any right of set-off or other
deduction by Employer not in the nature of customary withholding, other than in
any judicial proceeding or arbitration.

7.   PROFESSIONAL LIABILITY INSURANCE; INDEMNIFICATION

     7.1 Insurance. Employer will provide coverage for Executive under a
director and officer professional liability insurance policy of Employer or NAC.

     7.2 Indemnification. Employer shall indemnify Executive to the fullest
extent permitted by law in effect as of the date hereof, or as hereafter
amended, against all costs, expenses, liabilities and losses (including, without
limitation, reasonable attorneys' fees, judgments, fines, penalties, ERISA
excise taxes, penalties and amounts paid in settlement) reasonably incurred by
Executive in connection with a Proceeding (as hereinafter defined). For the
purposes of this section, a "PROCEEDING" shall mean any action, suit or
proceeding, whether civil, criminal, administrative or investigative, if
Executive is made, or is threatened to be made, a party to, or a witness in,
such action, suit or proceeding by reason of the fact that he is or was an
officer, director or employee of Employer (or any subsidiary thereof) or is or
was serving as an officer, director, member, employee, trustee or agent of any
other entity at the request of Employer.

     (a) Notification and Defense of Claim. Promptly after receipt by Executive
of notice of the commencement of any Proceeding, Executive will, if a claim in
respect thereof is to be made against Employer under this Agreement, notify
Employer in writing of the commencement thereof, but the omission to so notify
Employer will not relieve Employer from any liability that it may have to
Executive otherwise than under this Agreement. Notwithstanding any other
provision of this Agreement, with respect to any such Proceeding as to which
Executive gives notice to Employer of the commencement thereof:

         (i) Employer will be entitled to participate therein at its own
expense; and

         (ii) Except as otherwise provided in this Section 7.2(a)(ii), to the
extent that it may wish, Employer, jointly with any other indemnifying party
similarly notified, shall be entitled to assume the defense thereof, with
counsel selected by Employer and approved by Executive, with such approval not
to be unreasonably withheld or delayed. After notice from Employer to Executive
of its election to so assume the defense thereof, Employer shall not be liable
to Executive under this Agreement for any legal or other expenses subsequently
incurred by Executive in connection with the defense thereof other than
reasonable costs of investigation or as otherwise provided below. Executive
shall have the right to employ Executive's own counsel in such Proceeding, but
the fees and expenses of such counsel incurred after notice from Employer of its
assumption of the defense thereof shall be at the expense of Executive unless
(a) the employment of counsel by Executive has been authorized in writing by
Employer, (b) Executive shall have reasonably concluded that there may be a
conflict of interest between Employer and Executive in the conduct of the
defense of such

                                        7
<PAGE>

Proceeding (which conclusion shall be deemed reasonable if, without limitation,
such action shall seek any remedy other than money damages and Executive would
be personally affected by such remedy or the carrying out thereof) or (c)
Employer shall not in fact have employed counsel to assume the defense of the
Proceeding, in each of which cases the reasonable fees and expenses of counsel
retained by Executive shall be at the expense of Employer. Employer shall not be
entitled to assume the defense of any Proceeding brought against Executive by or
on behalf of Employer or as to which Executive shall have reached the conclusion
provided for in clause (b) above.

8.   CONFIDENTIALITY

     Unless otherwise required by law or judicial process, Executive shall
retain in strict confidence during the Employment Period and after termination
of Executive's employment with Employer all confidential or proprietary
information known to Executive concerning NAC or Employer or any direct or
indirect subsidiary or parent of NAC and/or any aspect of the businesses of NAC
or Employer or any such subsidiary or parent. The obligations of Executive
pursuant to this Section 8 shall survive the expiration or termination of this
Agreement for any reason whatsoever.

9.   MUTUAL NON-DISPARAGEMENT

     Subject to Executive's compliance with this Agreement, Employer shall not
make any oral or written statement about Executive that is intended or
reasonably likely to disparage Executive or otherwise degrade his reputation in
the business or legal community. Subject to Employer compliance with this
Agreement, Executive shall not make any oral or written statement about Employer
(or NAC or any other affiliate of Employer) that is intended or reasonably
likely to disparage Employer (or NAC or any other affiliate of Employer) or
otherwise degrade the reputation of Employer (or NAC or any other affiliate of
Employer) in the business or legal community.

10.  FOREIGN CORRUPT PRACTICES ACT

     Executive agrees to comply in all material respects with the applicable
provisions of the U.S. Foreign Corrupt Practices Act of 1977 ("FCPA"), as
amended, which provides generally that under no circumstances will foreign
officials, representatives, political parties or holders or public offices be
offered, promised or paid any money, remuneration or things of value, or
provided any other benefit, direct or indirect, in connection with obtaining or
maintaining contracts. When any representative, employee, agent or other
individual or organization associated with Executive is required to perform any
obligation related to or in connection with this Agreement, the substance of
this Section 10 shall be imposed upon such person and included in any agreement
between Executive and any such person. Failure by Executive to comply in all
material respects with the provisions of the FCPA (other than an inadvertent
violation on the basis of advice from counsel to Employer that the conduct in
question is not a violation) shall constitute a material breach of this
Agreement and shall entitle Employer to terminate Executive's employment for
Cause.

11.  SUCCESSORS; BINDING AGREEMENT

     This Agreement and all rights of Executive hereunder shall inure to the
benefit of and be enforceable by Executive and Executive's personal or legal
representatives, executors, administrators, heirs, distributees, devisees and
legatees. If Executive should die while any amounts would still be payable to
him hereunder if he had continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to
Executive's devisee, legatee or other beneficiary or, if there be no such
beneficiary, to Executive's estate.

                                        8
<PAGE>

12.  SURVIVORSHIP

     The respective rights and obligations of the Parties shall survive any
termination of this Agreement to the extent necessary to the intended
preservation of such rights and obligations.

13.  MISCELLANEOUS

     13.1 Notices. Any notice, consent or authorization required or permitted to
be given pursuant to this Agreement shall be in writing and shall be given as
set forth in Section 10.2 of the Merger Agreement.

     13.2 Withholding of Taxes. Employer is authorized to withhold (from any
compensation or benefits payable hereunder to Executive) such amounts for income
tax, social security, unemployment compensation and other taxes as shall be
necessary or appropriate in the reasonable judgment of Employer to comply with
applicable laws and regulations.

     13.3 Inventions; Work for Hire. Executive hereby agrees to assign, and does
hereby assign, to Employer all of Executive's right, title and interest in and
to any and all ideas, concepts, know-how, techniques, processes, inventions,
discoveries, developments, works of authorship, innovations and improvements
(collectively "INVENTIONS"), whether patentable or subject to potential
copyrights or not, that meet either or both of the following criteria: (A) such
Inventions are conceived, made or developed in whole or in part by Executive
(whether alone or in concert with others) at any time during the Employment
Period, excepting only those that (i) Executive develops during the Employment
Period entirely on Executive's own time without using any employees, services,
equipment, supplies, facilities or confidential or proprietary information of
Employer or any of its affiliates and (ii) do not relate to, and are not useable
in connection with, any Employer Business (as hereinafter defined); or (B) such
Inventions (i) were or are conceived, made or developed by Executive (whether
alone or in concert with others), whether prior to or during the Employment
Period, and (ii) relate to, or are useable in connection with, any Employer
Business; provided, however, that the foregoing shall not apply or extend to any
Excluded Works (as defined below). Executive agrees to promptly inform and
disclose all Inventions to Employer in writing and with respect to those
Inventions that Executive is required to assign to Employer hereunder to provide
all assistance reasonably requested by Employer in the preservation of
Employer's interests in those Inventions (such as by executing documents,
testifying, etc.), such assistance to be provided at Employer's expense but
without additional compensation to Executive. Executive agrees that any work
prepared by Executive during the Employment Period, which work is subject to
assignment under this Section 13.3 and is eligible for United States copyright
protection or protection under the Universal Copyright Convention, the Berne
Copyright Convention and/or the Buenos Aires Copyright Convention, shall be a
"work made for hire". In the event that any such work is deemed not to be a
"work made for hire," Executive hereby assigns all right, title and interest in
and to the copyright in such work to Employer and agrees to provide all
assistance reasonably requested in the establishment, preservation and
enforcement of Employer's copyright in such work, such assistance to be provided
at Employer's expense but without any additional compensation to Executive. As
used herein, "EMPLOYER BUSINESS" means any of the following: (I) any business
that was conducted or proposed to be conducted by ORA prior to the date hereof
or is conducted or proposed to be conducted by OMI or any direct or indirect
subsidiary of OMI at any time during the period Executive is employed by any NAC
Company (as hereinafter defined) or (II) any other business that is conducted or
proposed to be conducted by NAC or any NAC Affiliate (as hereinafter defined) at
any time during the period Executive is employed by any NAC Company, "NAC
COMPANY" means any NAC or any direct or indirect subsidiary of NAC and "NAC
AFFILIATE" means any NAC Company, any joint venture or partnership in which any
NAC Company is a partner or other participant and any Person in which any NAC
Company owns an equity interest equal to or in excess of five percent (5%). As
used herein, "EXCLUDED WORKS" means any publications or other artistic works
that are created or developed by Executive in his non-work time during the

                                        9
<PAGE>

term of this Agreement and that do not relate to, and are not useable in
connection with, any Employer Business.

     13.4 Miscellaneous Provisions. This Agreement is subject to certain
provisions, as to governing law and other matters, as set forth in Article 10 of
the Merger Agreement.

     13.5 Dispute Resolution and Arbitration. If any dispute arises between
Employer and Executive regarding or relating to this Agreement and/or any aspect
of Executive's employment relationship with Employer hereunder, the same shall
be resolved in the manner provided for in Section 10.14 of the Merger Agreement.
Notwithstanding anything contained herein or in the Merger Agreement to the
contrary, (A) if any dispute should arise between Employer and Executive as to
whether the Employment Period or Executive's employment hereunder may be
terminated by Employer for Cause or Disability or by Executive for Good Reason,
any Party may, prior to terminating the Employment Period or Executive's
employment hereunder, seek a determination in advance by arbitration as
contemplated by such Section 10.14 as to whether the Employment Period or
Executive's employment hereunder may be terminated by Employer for Cause or
Disability or by Executive for Good Reason and (B) if any dispute should arise
between Employer and Executive as to whether the Employment Period or
Executive's employment hereunder has been terminated for Cause or Disability or
by Executive for Good Reason, any Party may seek a determination by arbitration
as contemplated by such Section 10.14 as to whether the Employment Period or
Executive's employment hereunder has been terminated by Employer for Cause or
Disability or by Executive for Good Reason, and (i) if it is determined pursuant
to such arbitration that the Employment Period or Executive's employment
hereunder has been terminated by Employer other than for Cause or Disability,
then, at the option of Employer exercised by written notice to Executive given
within thirty (30) days following the rendering of such determination, Employer
may reinstate Executive as an employee and President of Employer pursuant to
this Agreement with back pay for the period during which Executive was not
serving as an employee hereunder, and in such event any such termination shall
be deemed cured and rescinded ab initio, (ii) if it is determined pursuant to
such arbitration that the Employment Period or Executive's employment hereunder
has been terminated by Executive other than for Good Reason, then, at the option
of Executive exercised by written notice to Employer given within thirty (30)
days following the rendering of such determination, Executive may elect to be
reinstated as an employee and President of Employer pursuant to this Agreement,
and in such event any such termination shall be deemed cured and rescinded ab
initio (provided, however, that Executive shall not be entitled to any base
salary or other compensation for or during the period from the date of such
termination until he is reinstated hereunder and any bonus or other payment to
which Executive would have been entitled had he not terminated the Employment
Period or his employment hereunder shall be payable to Executive on a pro rata
basis based upon the period of time he was actually employed by Employer), and
(iii) if it is determined pursuant to such arbitration that the Employment
Period or Executive's employment hereunder has been terminated by Executive for
Good Reason, then, if the events, conditions or circumstances that gave rise to
such termination can be cured or remedied by Employer and, within (30) days
following the rendering or such determination, such events, conditions or
circumstances are cured or remedied by Employer and Employer give Executive
written notice of its election to reinstate Executive as an employee and
President hereunder, then Executive shall be reinstated as an employee and
President of Employer pursuant to this Agreement with back pay for the period
during which Executive was not serving as an employee hereunder, and in such
event any such termination shall be deemed cured and rescinded ab initio.

     13.6 Headings. All descriptive headings in this Agreement are inserted for
convenience only and shall be disregarded in construing or applying any
provision of this Agreement.

     13.7 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

                                       10
<PAGE>

     13.8 Severability. If any provision of this Agreement, or any part thereof,
is held to be unenforceable, the remainder of such provision and this Agreement,
as the case may be, shall nevertheless remain in full force and effect.

     13.9 Entire Agreement and Representation. This Agreement contains the
entire agreement and understanding between Employer and Executive with respect
to the subject matter hereof. No representation or warranty of any kind or
nature relating to Employer or its businesses, or relating to Employer's assets,
liabilities, operations, future plans or prospects has been made by or on behalf
of Employer to Executive. This Agreement supersedes any prior or contemporaneous
agreement (whether written or oral) between the Parties relating to the subject
matter hereof.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

OMI COMMUNICATION, INC.

By: _____________________________      _______________________________
NAME: ROBERT V. CUDDIHY, JR.           DEAN THOMSON
TITLE: VICE PRESIDENT

                                       11
<PAGE>

                 NON-COMPETITION AND NON-SOLICITATION AGREEMENT
                 ----------------------------------------------

     NON-COMPETITION AND NON-SOLICITATION AGREEMENT (this "AGREEMENT"),
effective as of April 18, 2003 (the "EFFECTIVE DATE"), among DEAN THOMPSON
("EXECUTIVE"), National Auto Credit, Inc. ("NAC"), a Delaware corporation, and
OMI Communications, Inc. ("OMI"), a Delaware corporation. Executive, NAC and OMI
are hereinafter sometimes referred to collectively as the "PARTIES" and each as
a "PARTY."

     WHEREAS, Executive has entered into a certain Merger Agreement And Plan Of
Reorganization (the "MERGER AGREEMENT"), dated as of April 1, 2003, by an among
NAC, OMI, ORA/Metro Incorporated ("ORA") and Executive providing, inter alia,
for the merger of ORA with and into OMI, as a subsidiary of NAC;

     WHEREAS, in order to protect and preserve the investments of NAC and OMI in
ORA, it is appropriate that Executive agree to the matters set forth herein;

     WHEREAS, NAC and ORA would not enter into the Merger Agreement without the
protections provided for herein;

     WHEREAS, Executive desires to provide the protections provided for herein;
and

     WHEREAS, Section 5.2 of the Merger Agreement provides that the Parties will
enter into this Agreement;

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants hereinafter set forth and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties, intending
to be bound hereby, hereby agree as follows:

1.   CONFIDENTIALITY

     Unless otherwise required by law or judicial process, Executive shall
retain in the strictest confidence all confidential or proprietary information
known to Executive concerning any of the NAC Companies (as hereinafter defined)
and/or any aspect of the businesses of any NAC Company. The obligations of
Executive pursuant to this Section 1 shall apply both during and after any
period he may be employed by any NAC Company and shall survive the expiration or
earlier termination of any such employment, regardless of any reason for such
expiration or earlier termination. As used herein, the "NAC COMPANIES" means,
collectively, NAC and any direct or indirect subsidiaries of NAC (including,
without limitation, OMI), and "NAC COMPANY" means each or any of the NAC
Companies, as the context may require.

2.   NONCOMPETITION

     2.1 General. For the duration of the Non-Compete Period (as defined below),
Executive shall not, directly or indirectly, engage in any Competitive Activity
(as defined below). As used herein, "COMPETITIVE Activity" means any of the
following: (A) developing, supervising, directing, administering or managing, or
acting as a consultant with respect to the development, supervision, direction,
supervision or management, of (I) any business that was conducted or
realistically proposed to be conducted by ORA or any subsidiary of ORA prior to
the date hereof or is conducted or realistically proposed to be conducted by OMI
or any subsidiary of OMI at any time during the period Executive is employed by
any NAC Company (any business referred to in this clause (I) is hereinafter
referred to as an "ACQUIRED BUSINESS") or (II) any other business that is
conducted or proposed to be conducted by NAC or any other NAC Affiliate (as
hereinafter defined) (exclusive of OMI and any subsidiary of OMI) at any time
during the period Executive is employed by any NAC Company) (any business
referred to in this clause (II) is hereinafter referred to as an "AFFILIATE
BUSINESS"); (B) the participation,

                                       12
<PAGE>

directly or indirectly, in any business that is the same as or substantially
similar to, or is or would be competitive with, any Acquired Business or any
Affiliate Business; and (C) becoming an employee, director, officer, consultant,
independent contractor, lecturer or advisor of or to, or otherwise providing
services to, any Person if Executive's duties or services relate in any manner
to developing, supervising, directing, administering or managing any business
that is the same as or substantially similar to, or is or would be competitive
with, any Acquired Business or any Affiliate Business. Nothing contained herein,
however, shall prohibit Executive from acquiring or holding any issue of stock
or securities of any Person that has any securities listed on a national
securities exchange or quoted in the daily listing of over-the-counter market
securities, provided that at no time does he (together with members of his
immediate family, any trust or trusts of which Executive is a trustee and any
trust or trusts of which Executive or any member of his immediate family is a
beneficiary) own more than five percent (5%) of the voting securities of any
such Person. The obligations of Executive pursuant to this Section 2 shall apply
for the full duration of the Non-Compete Period, including following the
expiration or earlier termination of his employment by any NAC Company,
regardless of any reason for such expiration or earlier termination. As used
herein, "NAC AFFILIATE" means any NAC Company, any joint venture or partnership
in which any NAC Company is a partner or other participant and any Person in
which any NAC Company owns an equity interest equal to or in excess of five
percent (5%).

     2.2 Non-Compete Period. As used herein, "NON-COMPETE PERIOD" means the
period commencing on the date hereof and extending through the second
anniversary of the later to occur of (a) the date Executive's employment by any
NAC Company expires or is terminated or (b) the date on which the Stockholder's
Note (as defined in the Merger Agreement) is paid in full or otherwise
discharged or, if earlier, the date on which the Stockholder's Note becomes due
and payable in accordance with its terms.

3.   NONSOLICITATION

     During the term of his employment by any of the NAC Companies, unless
otherwise expressly agreed to in writing by NAC, Executive shall not, directly
or indirectly, (a) solicit to enter into the employ of any other Person, or
hire, any individual who is, or who within the prior six (6) months has been, an
NAC Employee (which, for the purposes of this Agreement, means any employee of
any NAC Company), (b) solicit, hire or take away, or attempt to solicit, hire or
take away, any Person who or that is, or who or that has been, an NAC Customer
(which, for the purposes of this Agreement, means any client or customer of any
NAC Company) or (c) encourage any NAC Customer to terminate its relationship
with any NAC Company. Following the expiration or earlier termination of his
employment by the NAC Companies and during the balance of the Non-Compete
Period, unless otherwise expressly agreed to in writing by NAC, Executive shall
not, directly or indirectly, (a) solicit to enter into the employ of any other
Person, or hire, any individual who is, or who within the one (1) year prior to
the expiration or earlier termination of such employment has been, an NAC
Employee, (b) solicit, hire or take away, or attempt to solicit, hire or take
away, any Person that is, or that has been, an NAC Customer or (c) encourage any
such NAC Customer to terminate its relationship with any NAC Company. The
obligations of Executive pursuant to this Section 3 shall apply for the full
duration of the Non-Compete Period, including following the expiration or
earlier termination of his employment by any NAC Company, regardless of any
reason for such expiration or earlier termination.

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<PAGE>

4.   SUCCESSORS; BINDING AGREEMENT

     This Agreement and all rights of NAC and OMI hereunder shall inure to the
     benefit of and be enforceable by NAC and OMI and their successors and
     assigns. Executive acknowledges and agrees that the scope and duration of
     this Agreement and the restrictions and protections contained herein are
     reasonable, necessary and appropriate in order to protect the investment
     OMI and NAC are making in ORA as provided for in, and contemplated by, the
     Merger Agreement, that OMI and NAC would not make such investment but for
     such restrictions and protections and that Executive has, as part of the
     Merger, been fully and fairly compensated for entering into this Agreement
     and agreeing to such restrictions and protections.

5.   MISCELLANEOUS

     5.1 Notices. Any notice, consent or authorization required or permitted to
be given pursuant to this Agreement shall be in writing and be given as provided
in Section 10.2 of the Merger Agreement.

     5.2 Miscellaneous Provisions. This Agreement is subject to certain
provisions, as to governing law and other matters, as set forth in Article 10 of
the Merger Agreement.

     5.3 Headings. All descriptive headings in this Agreement are inserted for
convenience only and shall be disregarded in construing or applying any
provision of this Agreement.

     5.4 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

     5.5 Severability. If any provision of this Agreement, or any part thereof,
is held to be unenforceable, the remainder of such provision and this Agreement,
as the case may be, shall nevertheless remain in full force and effect.

     5.6 Entire Agreement and Representation. This Agreement contains the entire
agreement and understanding among the Parties with respect to the subject matter
hereof. This Agreement supersedes any prior or contemporaneous agreement
(whether written or oral) between or among the Parties relating to the subject
matter hereof.

     IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the date first above written.

OMI COMMUNICATION, INC.

By: _____________________________           ___________________________
Name: Robert V. Cuddihy, Jr.                DEAN THOMSON
Title: Vice President

NATIONAL AUTO CREDIT, INC.

By: _____________________________
Name: Robert V. Cuddihy, Jr.
Title: Exec. V. P. and CFO

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