Document:

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                                  EXHIBIT 10.95

                                    EXTENSION
                                       TO
                              MANAGEMENT AGREEMENT

         This Extension (this "Agreement") to that certain Management Agreement
dated August 23, 1996 (the "Management Agreement"), made as of this 25th day of
March, 2004, is entered into by and between Major Fleet & Leasing Corp., a New
York corporation having its principal office located at 41-40 Northern
Boulevard, Long Island City, New York 11101 (the "MF&L"), and Bruce Bendell and
Harold Bendell, individuals with primary business offices located at 41-40
Northern Boulevard, Long Island City, New York 11101 (jointly, the "Managers").

         WHEREAS, pursuant to the Management Agreement, Messrs. Bendell were
appointed, hired and engaged as Managers to manage the motor vehicle operations
of MF&L, including, but not limited to the purchase, financing, leasing and sale
of motor vehicles; and further

         WHEREAS, the term of the Management Agreement has been extended from
its anticipated initial termination date of December 31, 2001 upon mutual oral
agreement of the parties; and further

         WHEREAS, MF&L and the Managers desire to further extend the term of the
Management Agreement as set forth herein.

         NOW, THEREFORE, in consideration of the premises and agreements
hereinafter contained, it is agreed as follows:

1.       Extension to Management Agreement.

         Section 3(a) of the Management Agreement is hereby deleted in its
         entirety and replaced with the following:

         "(a) The initial term of this Management Agreement shall end on
         December 31, 2005, unless extended as provided below in (b) or sooner
         terminated pursuant to Paragraph 11 below."

2.       Full Force and Effect.

         Except as specifically amended hereby, all of the terms and provisions
of the Management Agreement shall remain in full force and effect.

3.       Counterparts.

         This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original and all of which together shall be deemed to
be one and the same instrument.

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

                                     Very truly yours,

                                     Major Fleet & Leasing Corp.

                                     By: ___________________________
                                     Name:
                                     Title:

                                     Managers

                                     ________________________________
                                     Bruce Bendell

                                     ________________________________
                                     Harold Bendell

                                       2<PAGE>

                                  EXHIBIT 10.96

                                    EXTENSION
                                       TO
                              MANAGEMENT AGREEMENT

         This Extension (this "Agreement") to that certain Management Agreement
dated March 3, 1997 (the "Management Agreement"), made as of this 25th day of
March, 2004, is entered into by and between The Major Automotive Companies, Inc.
(f/k/a Fidelity Holdings, Inc.), a Nevada corporation (the "Company"), and Bruce
Bendell and Harold Bendell, individuals with primary business offices located at
41-40 Northern Boulevard, Long Island City, NY 11101 (jointly, the "Managers").

         WHEREAS, pursuant to the Management Agreement, Messrs. Bendell were
appointed, hired and engaged as Managers to manage the motor vehicle operations
of the Company as consolidated under the Major Automotive Group, Inc., in the
manner as theretofore conducted, including, but not limited to the purchase,
financing, leasing and sale of motor vehicles; and further

         WHEREAS, the term of the Management Agreement has been extended from
its anticipated initial termination date of December 31, 2002 upon mutual oral
agreement of the parties; and further

         WHEREAS, the Company and the Managers desire to further extend the term
of the Management Agreement as set forth herein.

         NOW, THEREFORE, in consideration of the premises and agreements
hereinafter contained, it is agreed as follows:

1.       Extension to Management Agreement.

         Sections 3(a) and 3(b) of the Management Agreement are hereby deleted
in their entirety and replaced with the following:

         "(a) The initial term of this Management Agreement shall end on
         December 31, 2005, unless extended as provided below in (b) or (c).

         (b) In the event that on December 31, 2005, the Company, directly or
         indirectly, retains ownership of the dealerships, this Management
         Agreement shall continue upon the unilateral decision of the affected
         Manager or Managers."

2.       Full Force and Effect.

         Except as specifically amended hereby, all of the terms and provisions
of the Management Agreement shall remain in full force and effect.

3.       Counterparts.

         This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original and all of which together shall be deemed to
be one and the same instrument.

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

                                     Very truly yours,

                                     The Major Automotive Companies, Inc.

                                     By: ___________________________
                                     Name:
                                     Title:

                                     Managers

                                     ________________________________
                                     Bruce Bendell

                                     _________________________________
                                     Harold Bendell

                                       2<PAGE>

                                  EXHIBIT 10.97

                           SECOND AMENDED AND RESTATED
                   SENIOR SUBORDINATED SECURED PROMISSORY NOTE
                               Due January 3, 2005

$1,270,000.00                                 Effective As of January 2, 2004
                                              Long Island City, New York

         FOR VALUE RECEIVED, THE MAJOR AUTOMOTIVE COMPANIES, INC. (F/K/A
FIDELITY HOLDINGS, INC.), a Nevada corporation having principal offices at 43-40
Northern Boulevard, Long Island City, New York 11101 ("Maker" or "Payor"),
hereby promises to pay, in accordance with the terms, conditions, covenants and
agreements provided herein, to the order of M&K EQUITIES, LTD., a New York
corporation with an address at 130 Crossways Park Drive, Woodbury, New York
11797 (the "Payee" or the "Holder of this Note"), or registered assigns, the
principal amount of ONE MILLION TWO HUNDRED SEVENTY THOUSAND ($1,270,000)
DOLLARS on January 3, 2005 (such date, as same may be accelerated in accordance
with the terms hereof, is referred to herein as the "Maturity Date"), at a rate
per annum of ten percent (10%) (computed on the basis of actual calendar days
outstanding using a 360-day year basis). Interest hereunder shall be payable in
monthly installments with all outstanding principal and interest due on the
Maturity Date. Payments of principal and interest shall be made monthly at the
offices of the Payee, c/o M&K Equities Ltd., 130 Crossways Park Drive, Woodbury,
New York 11797 or at such other place as Payee may designate in writing, in
immediately available lawful money of the United States of America.

         This Note, effective as of January 2, 2004, amends and restates that
certain Senior Subordinated Secured Promissory Note dated December 11, 2002, as
amended, issued from Maker to Payee.

         This Note is referred to in, and entitled to the benefits of, and
payment of this Note is secured by, certain collateral set forth in an amended
security agreement by and among the Maker and the Payee of even date herewith
(the "Security Agreement"). Reference to the Security Agreement shall in no way
impair the absolute and unconditional obligation of the Maker to pay both
principal and interest hereon as provided herein. All capitalized terms not
defined herein shall have the meanings ascribed thereto in the Security
Agreement.

1.       Security. This Note is the direct obligation of the Maker and is
secured by the Collateral (as that term is defined in the Security Agreement).
The indebtedness evidenced by this Note and the payment of the principal thereof
shall be Senior to, and have priority in right of payment over, any and all
other indebtedness of the Maker, now outstanding or hereinafter incurred, except
to the extent set forth in the Security Agreement or to Previous Senior
Indebtedness, to which the obligations hereunder are expressly subordinate.
"Senior," as used herein, shall be deemed to mean that, in the event of any
default in the payment of the obligations represented by this Note (after giving
effect to "cure" provisions, if any) or of any liquidation, insolvency,
bankruptcy, reorganization, or similar proceedings relating to the Maker, all
sums payable on this Note shall first be paid in full, with interest, if any,
before any payment is made upon any other indebtedness, now outstanding or
hereinafter incurred (except for Previous Senior Indebtedness), and, in any such
event, any payment or distribution of any character which shall be made in
respect of any other indebtedness of the Maker (except for Senior Indebtedness)
shall be paid over to the holder of this Note for application to the payment
hereof, unless and until the obligations under this Note (which shall mean the
principal and other obligations arising out of, premium, if any, interest on,
and any costs and expenses payable under, this Note) shall have been paid and
satisfied in full. "Senior Indebtedness" shall mean indebtedness incurred by the
Maker in favor of Marine Midland Bank (now HSBC Bank), any amendments,
modifications or alterations thereof, as well as any future "floor plan" or
similar financing.

         2.       Event of Default. Any one or more of the following shall
constitute an Event of Default as the term is used herein:

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         (a)      default in the payment of interest or principal herein when
the same shall have become due and payable for a period of fifteen (15) days; or

         (b)      The Maker becomes bankrupt or admits in writing its inability
to pay debts as they mature, or makes an assignment for the benefit of
creditors, or consents to the appointment of a trustee or receiver; or

         (c)      a trustee or receiver is appointed for the Maker or for all or
part of the Maker's property, without its consent; or

         (d)      bankruptcy or insolvency proceedings, or other proceedings for
relief in equity or under any acts of Congress or any laws of any State of the
United States relating to the relief of Makers are instituted against the Maker
or are consented to by the Maker; or

         (e)      if (i) any judgment in excess of $250,000 is rendered against
the Maker or any of its subsidiaries; and (ii) there is any attachment or
execution against any of the properties of the Maker or any of its subsidiaries
for any amount in excess of $250,000, and such judgment, attachment or execution
remains unpaid, unstayed or undismissed for any period of ninety (90)
consecutive days; or

         (f)      any increase in the principal balance or amount of the Prior
Senior Indebtedness without the prior written consent of the Holder.

         In case of any Event of Default then, at the option of the legal holder
hereof, the entire unpaid principal balance of this Note, together with all
accrued interest thereon, shall forthwith become due and payable without notice.

         3.       Prepayment Provisions. The Maker shall have the right to
prepay this Note in full or in multiples of $100,000 at any time and from time
to time, without premium or penalty.

         4.       Principal Obligation. No provision of this Note shall alter or
impair the obligation of the Maker, which is absolute and unconditional, to pay
the principal of and interest on this Note at the place, at the respective
times, at the rates, and in the currency herein prescribed.

         5.       Presentment; Waiver of Jury Trial; Legal Fees. The makers,
endorsers and guarantors of this Note hereby waive presentment for payment,
demand, notice of non_ payment and dishonor, protest, and notice of protest;
waive trial by jury in any action or proceeding arising on, out of, under or by
reason of this Note; consent to any renewals, extensions and partial payments of
this Note or the indebtedness for which it is given without notice to them, and
consent that no such renewals, extensions or partial payments shall discharge
any party hereto from liability hereof in whole or in part. In the event the
Payee commences an action or proceeding to enforce the obligations under this
Note, the Maker shall reimburse Payee all reasonable and necessary costs and
expenses of such action, including reasonable attorney's fees and disbursements,
title charges and other expenses, which shall be added to the amount due under
this Note and recoverable with the amount due under this Note.

         6.       Default Interest. Interest on this Note after maturity or
default shall be due and payable at the rate of eighteen (18%) percent per
annum, or the maximum rate of interest permitted by law, whichever is less.

         7.       Amendments, Etc. No amendment or waiver of any provision of
this Note, nor consent to any departure by Payor herefrom, shall in any event be
effective unless the same shall be in writing and signed by Payee, and then such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that the obligations of
Payor hereunder shall terminate upon the payment in full of any and all monies
due and owing by Payor to Payee.

         8.       Lost Documents. Upon receipt by the Maker of evidence
satisfactory to it of the loss, theft, destruction or mutilation of this Note or
any Note exchanged for it, and (in the case of loss, theft or destruction) of
indemnity satisfactory to it, and upon reimbursement to the Maker of all
reasonable expenses incidental thereto, and upon surrender

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and cancellation of such Note, if mutilated, the Maker will make and deliver in
lieu of such Note a new Note of like tenor and unpaid principal amount and dated
as of the original date of this Note.

         9.       Usury. If any law which is applicable to this Note and which
sets maximum charges, is finally interpreted so that the interest and other
charges hereunder exceed the permitted limits, then (i) any such charges shall
be reduced by the amount necessary to reduce such charges to the legal limit;
and (ii) any sums already collected from Maker which exceed the permitted limits
will be refunded to Maker or applied to reduction of principal, at Holder's
option.

         10.      Miscellaneous.

         (a)      Parties in Interest. All covenants, agreements and
undertakings in this Note by and on behalf of any of the parties hereto shall
bind and inure to the benefit of the respective permitted successors and assigns
of the parties hereto whether so expressed or not.

         (b)      Notices. Any notices required or permitted to be sent
hereunder shall be delivered personally or mailed, certified mail, return
receipt requested, or delivered by overnight courier service to the addresses
stated in the Security Agreement, or such other address as any party hereto
designates by written notice to the Maker, and shall be deemed to have been
given upon delivery, if delivered personally, three business days after mailing,
if mailed, or one business day after delivery to the courier, if delivered by
overnight courier service.

         (c)      Construction. This Note shall be construed and enforced in
accordance with, and the rights of the parties shall be governed by, the laws of
the State of New York. The parties hereby: (i) in any legal proceeding brought
in connection with this Agreement or the transactions contemplated hereby,
irrevocably submit to the nonexclusive in personam jurisdiction of (A) any state
or Federal court of competent jurisdiction sitting in the State of New York,
Counties of New York, Queens or Nassau or (B) in the event that any party is a
defendant in any legal proceeding in which it seeks to join the other as a third
party defendant, then, any state or Federal court in which such proceeding has
properly been brought, and consents to suit therein; and (ii) waive any
objection they it may now or hereafter have to the venue of such proceeding in
any such court or that such proceeding was brought in an inconvenient court.

         (d)      Service of Process. Maker hereby irrevocably consents to the
service of process in any action or proceeding by the mailing by certified mail,
return receipt requested, postage prepaid, to the Maker at the address provided
for herein. Nothing herein shall affect the right of Payee to serve process in
any other matter permitted by applicable law.

         IN WITNESS WHEREOF, this Note has been executed and delivered on the
date specified above by the duly authorized representatives of the Maker.

         THE MAJOR AUTOMOTIVE COMPANIES, INC.

         By:______________________________
         Name: Bruce Bendell
         Title: President, Chief Executive Officer
           and Acting Chief Financial Officer

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