Document:

EXECUTION
      VERSION

    

    UNCONDITIONAL
      CONTINUING GUARANTY

    

    THIS
      UNCONDITIONAL CONTINUING GUARANTY (this "Guaranty") is made and entered into
      as
      of December 29, 2006 by Manchester Inc., a Nevada corporation (the "Guarantor")
      in favor of Rick Stanley, as Shareholders’ Representative, and Rick Stanley,
      individually (collectively, the "Holders").

    

    WHEREAS,
      the Holders and Manchester AcquisitionCo, Inc., a Delaware corporation, (the
      "Purchaser") are parties to a Stock Purchase Agreement, dated as of December
      2,
      2006, as amended December 29, 2006 (the "Purchase Agreement"), by which all
      of
      the issued and outstanding capital stock of the Sellers is being sold and
      conveyed to the Purchaser.

    

    WHEREAS,
      as a condition to the sale of assets by the Holders to the Purchaser, the
      Purchaser has executed a (i) a Promissory Note in the principal amount of Three
      Million Dollars ($3,000,000.00) from Manchester Indiana Acceptance, Inc. (the
      "Purchase
      Note")
      and a
      Subordinated Promissory Note of even date herewith in the principal amount
      of
      One Hundred Fifty Thousand Dollars ($150,000.00) from Manchester Indiana
      Acceptance, Inc. (the "Subordinated
      Note"
      and
      referred to herein together with the Purchase Note, collectively, as the
“Notes”). Pursuant to the Notes, the Purchaser is indebted to the Holders in the
      aggregate original principal amount of $3,150,000.00

    

    WHEREAS,
      the Purchaser is a special purpose wholly-owned acquisition subsidiary of the
      Guarantor and, by execution of this Guaranty, the Guarantor acknowledges and
      agrees that the transactions set forth in the Purchase Agreement and the Notes
      will provide direct, indirect, and substantial benefits to the Guarantor, both
      financial and otherwise.

    

    WHEREAS,
      to induce the Holders to agree to the terms of the Purchase Agreement and the
      Notes and because the Guarantor has determined that executing this Guaranty
      is
      in the Guarantor's interest and to the Guarantor's direct or indirect financial
      benefit, the Guarantor has agreed to guaranty the obligations of the Purchaser
      under the Notes and is willing, and has agreed, to execute and deliver this
      Guaranty to the Holders.

    

    NOW
      THEREFORE, in consideration of the mutual premises and conditions set forth
      herein and other good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, the Guarantor hereby agrees as follows
(capitalized
      terms not otherwise defined herein shall have the meaning set forth in the
      Purchase Agreement):

    

    1. Obligations.
      As used
      herein, the term "Obligations" shall mean any and all indebtedness, obligations,
      liabilities and sums which may be presently due and owing or which may become
      due and owing under the Promissory Notes, in accordance with their respective
      terms, inclusive of the principal aggregate amounts due under the Notes of
      $3,150,000.00 and any and all interest that accrues on the principal amounts
      under the terms of the Notes.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Guaranty
      of Payment.
      The
      Guarantor hereby unconditionally guarantees to the Holders, and agrees to be
      primarily liable to the Holders for, the payment to the Holders of the
      Obligations, all without relief from valuation and appraisement laws. If the
      Purchaser does not timely discharge its Obligations to the Holders, the
      Guarantor hereby unconditionally and irrevocably guarantees to the Holders
      the
      prompt and complete payment by the Purchaser of the Obligations. If the
      Purchaser shall fail or refuse for any reason to timely discharge the
      Obligations, the Guarantor will pay the Obligations to the Holders and pay
      any
      and all expenses (including, without limitation, all fees and disbursements
      of
      counsel, including fees and expenses incurred in a suit to enforce this
      provision) which may be paid or incurred by the Holders in enforcing any rights
      under this Guaranty. If the Purchaser fails to pay or perform all or any part
      of
      the Obligations when due, the undersigned Guarantor will immediately pay the
      amount due and perform the obligations of the Purchaser in connection therewith
      as if such amount and obligations constituted the direct and primary debts
      and
      obligations of the Guarantor. 

     

    3. Nature
      of Guaranty.
      This
      Guaranty shall be, and shall remain, a continuing, unlimited, unconditional,
      and
      absolute guaranty of payment and not of collection. This Guaranty shall remain
      fully enforceable irrespective of (a) any defenses (other than unconditional
      payment) which the Purchaser may assert on the underlying Obligations, including
      but not limited to failure of consideration, breach of warranty, statute of
      frauds, statute of limitations, accord and satisfaction and usury, (b) the
      absence of any attempt by the Holders to collect or enforce the Purchaser’s
      obligations, (c) the waiver or consent by the Holders with respect to any
      provision of any agreement between the Holders and the Purchaser, (d) The
      Holders’ failure to obtain collateral security for Obligations or to perfect and
      maintain a security interest in, or preserve, enforce or exhaust its rights
      to,
      or the release by the Holders of any collateral, or (e) any circumstances which
      might constitute a legal or equitable discharge or defense of a guarantor or
      surety. 

     

    Notice
      of
      or proof of reliance by the Holders upon this Guaranty or acceptance of this
      Guaranty, the Obligations, and any of them, shall conclusively be deemed to
      have
      been created, contracted or incurred in reliance upon this Guaranty; and all
      dealings between the Purchaser or the Guarantor, on the one hand, and the
      Holders, on the other hand, shall likewise be conclusively presumed to have
      been
      had or consummated in reliance upon this Guaranty. 

     

    4. Action
      Regarding Obligations.
      The
      undersigned Guarantor hereby grants to the Holders full power, in its
      uncontrolled discretion and without notice to the undersigned Guarantor to
      deal
      in any manner with the Obligations including, without limitation, the following
      powers: (a) to modify or otherwise change any terms of the Obligations or to
      grant any extension or renewal thereof, and any other indulgence with respect
      thereto, and to effect any release, compromise, or settlement with respect
      thereto; or (b) to forbear from enforcing payment or any term of the
      Obligations. The obligations of the undersigned Guarantor hereunder shall not
      be
      released, discharged, or in any way affected, nor shall the undersigned have
      any
      rights or recourse against the Holders by reason of any action the Holders
      may
      take, omit to take, or delay in taking under the foregoing powers.

     

    5. Waivers
      of the Guarantor.
      The
      undersigned Guarantor hereby waives (a) notice to the undersigned or the
      Purchaser of (i) acceptance of this Guaranty by the Holders, and (ii) the amount
      of the Obligations at any time outstanding; (b) presentment for payment, demand,
      protest, notice to the undersigned or the Purchaser of dishonor, nonpayment,
      default, and non-performance with respect to any of the Obligations; (c) any
      and
      all rights to require the Holders to marshal assets of the Purchaser; (d) any
      defense which the Purchaser may have against the Holders other than payment;
      (e)
      all defenses given to sureties or guarantors at law or in equity other than
      payment; and (f) all errors and omissions in connection with the Holders'
      administration of the Obligations. 

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    All
      remedies or actions by the Holders for payment or fulfillment of the Obligations
      are cumulative and the pursuit of one shall not preclude the exercise of any
      other rights or remedies. The Holders shall not be required to make any demand
      upon or pursue or exhaust any of their rights or remedies against the Purchaser
      or others with respect to the payment or performance of any of the Obligations
      or to pursue or exhaust any of its rights or remedies with respect to any
      collateral held by the Purchaser.

     

    6. Reinstatement.
      If the
      Holders receive any payment or payments on account of the Obligations, which
      payment or payments of any part thereof are subsequently invalidated, declared
      to be fraudulent or preferential, set aside and/or required to be repaid to
      a
      trustee, receiver, or any other party under any bankruptcy act or code, state
      or
      federal law, common law or equitable doctrine, then to the extent of any sum
      not
      finally retained by the Holders, the Guarantor's obligations to the Holders
      hereunder shall be reinstated and this Guaranty shall remain in full force
      and
      effect (or be reinstated) until payment of the Obligations shall have been
      made
      to the Holders, which payment shall be due on demand. If any action or
      proceeding seeking such repayment is pending or, in the Holders' sole judgment,
      threatened, this Guaranty shall remain in full force and effect, notwithstanding
      that Purchaser may not then be obligated to The Holders. 

     

    7. Discharge.
      The
      Guarantor hereby agrees that this Guaranty shall remain in full force and effect
      until either (a) the Holders have released the Guarantor in writing from the
      Obligations ("Release") or (b) the Obligations are paid and satisfied in full.
      

     

    8. Representations
      and Warranties.
      The
      undersigned Guarantor represents and warrants to the Holders, upon which
      representations the Holders are entitled to rely and the Guarantor hereby
      acknowledges that the Holders are relying, that:

     

    (a) this
      Guaranty has been duly executed and delivered by the Guarantor, and this
      Guaranty constitutes a legal, valid, and binding obligation of the Guarantor
      enforceable against the Guarantor in accordance with its terms, except as
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting the enforcement of
      creditors' rights generally and by general principles of equity which may limit
      the availability of equitable remedies;

     

    (b) the
      execution, delivery, and performance of this Guaranty will not violate any
      provision of any contractual obligation of the Guarantor; and

     

    (c) this
      Guaranty is the valid and binding obligation of the undersigned, enforceable
      in
      accordance with its terms. 

     

    9. Consent
      to Jurisdiction.
      The
      Guarantor hereby irrevocably and unconditionally:

     

    (a) submits
      that in any legal action or proceeding relating to this Guaranty, or for
      recognition and enforcement of any judgment in respect therefor, to the
      non-exclusive general jurisdiction of the courts of the State of Indiana, the
      courts of the United States of America in the State of Indiana and appellate
      courts from any thereof; and

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (b) consents
      that any such action or proceeding may be brought in such courts, and waives
      any
      objection that he or she may now or hereafter have to the venue of any such
      action or proceeding in any such court or that such action or proceeding was
      brought in an inconvenient court and agree not to plead or claim the
      same.

     

    10. Governing
      Law.
      The
      validity of this Guaranty, its construction, interpretation and enforcement
      and
      the rights of the parties hereto shall be determined under, governed by and
      construed in accordance with the laws of the State of Indiana, without regard
      to
      principles of conflicts of law. 

     

    11. Waiver
      of Jury Trial.
      Each
      party hereto hereby irrevocably waives any right to have a jury participate
      in
      resolving any suit, action or proceeding arising out of or relating to this
      Guaranty.

     

    12. Miscellaneous.
      This
      Guaranty shall extend to and bind the successors and assigns of the undersigned
      Guarantor. This Guaranty shall inure to the benefit of all transferees,
      assignees and/or endorsees of the Holders of any part or parts or all of the
      Obligations and of the Holders' successors and assigns. The use of headings
      shall not limit the provisions of this Guaranty. Whenever possible, each
      provision of this Guaranty shall be interpreted in such a manner as to be
      effective and valid under applicable law, but if such provision shall be
      prohibited by or invalid under applicable law, such provision shall be
      ineffective to the extent of such prohibition or invalidity, without
      invalidating the remainder of such provision or remaining provisions of this
      or
      any related agreement or instrument. No course of dealing, course of performance
      or trade usage, and no parole evidence of any nature, shall be used to
      supplement or modify any terms hereof. This Guaranty may be modified only by
      an
      instrument in writing signed by the party against whom enforcement of the
      modification is sought. 

     

    [SIGNATURE
      PAGES FOLLOW]

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Unconditional Continuing
      Guaranty effective as of this 29th
      day of
      December, 2006.

    

    
      	 	 	 
	 	MANCHESTER INC., "GUARANTOR"
              
	 
 	 
 	 
 
	
            	By:  	/s/ Richard
              D. Gaines
	 	
              
Printed:
              Richard D. Gaines 
	 	
              Title:
                Corporate Secretary

            

    

     

    
      	
              ACCEPTED,
                this 29th
                day of December 2006.

            	 	 	 
	 	 	 	 
	 	 	 	 
	/s/ Rick
              Stanley	 	 	
            
	
              

              Rick
                Stanley, Individually

            	 	 	
            

    

     

     

    
      	Rick
              Stanley, as Shareholders Representative	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:  	/s/ Rick
              Stanley	 	 	
            
	 	
              

              Name:
                Rick Stanley

            	 	 	
            
	 	
              Title:
                Shareholders Representative

            	 	 	
            

    

    

    
      
        
        

      

      
        -5-EXECUTION
      VERSION

     

    SECURITY
      AGREEMENT

     

    THIS
      SECURITY AGREEMENT ("Agreement")
      is
      made and entered into as of the 29th day of December, 2006, by and between
      Manchester Indiana Acceptance, Inc., a Delaware corporation, and Manchester
      Inc., a Nevada corporation (together, the "Debtors")
      in
      favor of Rick Stanley, as Sellers Representative, and Rick Stanley, individually
      (collectively, the "Secured
      Party").

    

    WHEREAS,
      the Secured Party and Manchester Indiana Acceptance, Inc. are parties to a
      Stock
      Purchase Agreement, dated as of December 2, 2006, as amended on December 29,
      2006 (the "Purchase Agreement"), by which all of the issued and outstanding
      capital stock of the Secured Party is being sold and conveyed to the
      Purchaser.

    

    WHEREAS,
      the Secured Party has, for value received, agreed, to accept a
      Promissory Note of even date herewith
      in the
      principal amount of Three Million Dollars ($3,000,000.00) from Manchester
      Indiana Acceptance, Inc. (the "Purchase
      Note")
      and
a
      Subordinated Promissory Note of even date herewith
      in the
      principal amount of One Hundred Fifty Thousand Dollars ($150,000.00) from
      Manchester Indiana Acceptance, Inc. (the "Subordinated
      Note"
      and
      referred to herein together with the Purchase Note, collectively, as the
“Notes”) and a Guaranty of even date herewith from Manchester Inc.

     

    WHEREAS,
      as security for the payment and performance of the obligations of the Debtors
      to
      the Secured Party pursuant to the Notes, the Guaranty, and any other obligations
      of the Debtors to the Secured Party now existing or hereafter incurred, the
      Debtors enter into this Agreement providing for, among other things, a security
      interest in favor of the Secured Party in certain of the Debtors'
      property.

     

    NOW,
      THEREFORE, in consideration of the foregoing premises and the mutual covenants
      and agreements herein contained, and other good and valuable consideration,
      the
      receipt and sufficiency of which are hereby acknowledged, the parties hereto,
      intending to be legally bound, do hereby agree as follows:

     

    1.
       Grant
      of Security Interest.
      The
      Debtors hereby grant to the Secured Party a security interest (the "Security
      Interest")
      in all
      of Debtors' right, title and interest in, to or under the following described
      property, and any and all proceeds and products thereof and accessions thereto
      (collectively, the "Collateral")
      (each
      capitalized term used in this Section
      1
      shall
      have the meaning given to it by Article 9 of the Uniform Commercial Code as
      from
      time to time revised or amended and in effect in Indiana, except as otherwise
      defined herein, and all other capitalized terms herein shall have the meaning
      set forth in the Purchase Agreement):

     

    
      	 	
              (a)

            	
              All
                “Default
                Receivables”
                as such term is defined in the Purchase Agreement; and
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (b)

            	
              All
                “Charged-Off
                Receivables”
                as such term is defined in the Purchase
                Agreement.

            

    

     

    2. Secured
      Obligations.
      The
      indebtedness and other obligations secured hereby consist of the
      following:

    

    (a) The
      Notes
      of Debtors to the Secured Party and the Guaranty of Manchester to the Secured
      Party, however evidenced, whether as principal or guarantor or otherwise,
      whether now existing or hereafter arising, whether direct or indirect, absolute
      or contingent, joint or several, due or not due, primary or secondary,
      liquidated or unliquidated, secured or unsecured, original, renewed, or extended
      (the "Indebtedness");

    

    (b) All
      costs
      and expenses incurred by the Secured Party to obtain, preserve, perfect and
      enforce the Security Interest granted hereby and all other liens and security
      interests securing payment of all or any portion of the Indebtedness, to collect
      the Indebtedness and to maintain, preserve and realize on or collect the
      Collateral, including, but not limited to, taxes, assessments, insurance
      premiums, repairs, reasonable attorneys' fees and legal expenses, rent storage
      charges, advertising costs, brokerage fees and expenses of sale;
      and

    

    (c) All
      amounts owed under any modifications, renewals or extensions of any of the
      foregoing obligations.

    

    The
      Indebtedness and costs and expenses mentioned in this Section
      2
      are
      collectively referred to herein as the "Secured
      Indebtedness".

    

    3. Debtors
      Representations and Warranties.
      The
      Debtors hereby represent and warrant to the Secured Party as
      follows:

    

    (a) Corporate
      Status.
      Manchester Indiana Acceptance, Inc. is a corporation duly organized and validly
      existing under the laws of the State of Delaware and has the corporate power
      to
      own and operate its properties, to carry on its business as now conducted and
      to
      enter into and to perform its obligations under this Agreement. Manchester
      Inc.
      is a corporation organized and validly existing under the laws of the State
      of
      Nevada, and has the corporate power to own and operate its properties, to carry
      on its business as now conducted and to enter into and to perform its
      obligations under this Agreement.

    

    (b) Validity
      and Binding Effect.
      This
      Agreement is the legal, valid and binding obligation of the Debtors, enforceable
      in accordance with its terms, subject only to limitations imposed by bankruptcy,
      insolvency, moratorium or other similar laws affecting the rights of creditors
      generally or the application of general equitable principles.

    

    (c) Collateral.
      The
      Debtors are the lawful owners and holders of the Collateral free and clear
      of
      any liens, charges, encumbrances or security interests whatsoever in favor
      of
      any other person and have the full authority to grant the Security Interest
      in
      the Collateral hereunder. This Agreement, together with the filing of the
      applicable UCC forms covering the Collateral creates a valid and perfected
      security interest in the Collateral. The Debtors have not made any further
      assignment of, nor granted any further security interest in or liens on, any
      of
      the Collateral. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    4. Debtors'
      Covenants and Agreements.
      The
      Debtors covenant and agree that during the term of this Agreement:

    

    (a) Payment
      of Obligations.
      The
      Debtors shall pay the Secured Indebtedness and shall timely pay or perform,
      as
      the case may be, all of the other obligations of the Debtors to the Secured
      Party, direct or contingent, however evidenced or denominated, and however
      and
      whenever incurred, including any present or future commitment of the Secured
      Party to the Debtors, together with interest thereon, and any extensions,
      modifications, consolidations and/or renewals thereof and any obligations given
      in payment thereof.

    

    (b) Insurance.
      The
Debtors
      shall, at their expense, keep the vehicle inventory at all times insured against
      all risk of loss or damage by fire, theft, and such other casualties as the
      Secured Party may reasonably require for not less than the full replacement
      cost
      thereof. 

    

    (c) Use
      and Condition of Collateral.
      The
      Collateral will be held in the ordinary course of Debtors' business or will
      be
      used or consumed in Debtors' business. The Debtors have the risk of loss of
      the
      Collateral. The Secured Party may examine and inspect the Collateral at any
      reasonable time or times wherever located.

    

    (d) Transfer
      of Collateral.
      Other
      than the sale of
      the
      vehicle inventory in
      the
      ordinary course of Debtors' business, Debtors shall not sell, assign, transfer,
      license, encumber or otherwise dispose of the Collateral or any interest therein
      without the prior written consent of the Secured Party, excluding any such
      action within the scope of security interests of Palm Beach Multi-Strategy
      Fund
      L.P. and its Affiliates (“Palm Beach”). If any encumbrance is imposed on the
      Collateral by operation of law, the Debtors shall give the Secured Party
      immediate written notice of this fact. 

    

    (e) Preservation
      of Security Interest.
      The
      Debtors will faithfully preserve and protect Secured Party's Security Interest
      in the Collateral as a prior perfected security interest under the Indiana
      Uniform Commercial Code, superior and prior to the rights of all third persons,
      and will do all such other acts and things and will, upon request therefor
      by
      the Secured Party, execute or otherwise authenticate, deliver, file and record
      all such other documents and instruments, including, without limitation,
      financing statements, security agreements, assignments and documents and powers
      of attorney with respect to the Collateral, as the Secured Party, in its
      reasonable discretion may deem necessary or advisable from time to time in
      order
      to attach, continue, preserve, perfect and protect said Security Interest.
      The
      Debtors shall notify Secured Party if the Debtors change their legal name,
      the
      location of their chief executive office, their state of incorporation, or
      any
      other change that would necessitate action on the part of the Secured Party
      to
      maintain perfection of the Security Interest. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (f) Authorization
      to File Financing Statements.
      The
      Debtors hereby irrevocably authorize the Secured Party at any time and from
      time
      to time to file in any Uniform Commercial Code jurisdiction any initial
      financing statements and amendments thereto that (a) indicate and include the
      Collateral as set forth in Section
      1
      herein
      or words of similar effect, regardless of whether any particular asset comprised
      in the Collateral falls within the scope of Article 9 of the Uniform Commercial
      Code of the State or such jurisdiction, or, and (b) contain any other
      information required by Article 9 of the Uniform Commercial Code of the State
      or
      any other state for the sufficiency or filing office acceptance of any financing
      statement or amendment. The Debtors agree to furnish any such information to
      the
      Secured Party promptly upon request. The Debtors hereby irrevocably appoints
      the
      Secured Party, its officers, employees and agents, or any of them, as
      attorneys-in-fact for Debtors to execute, deliver, file and record such items
      on
      behalf of Debtors and in Debtors' name, place and stead. This power of attorney,
      being coupled with an interest, shall be irrevocable for the life of this
      Agreement. 

    

    5. Events
      of Default.
      The
      occurrence of any of the following shall constitute an Event of Default
      hereunder:

    

    (a) Default
      in the payment of the Secured Indebtedness.

    

    (b) Any
      material misrepresentation by the Debtors as to any matter
      hereunder.

    

    (c) Failure
      of Debtors to perform any of their material obligations, covenants or agreements
      under this Agreement or the Note.

    

    (d) An
      attachment, execution or levy on any of the Collateral.

    

    (e) The
      Debtors become insolvent or generally fail to pay, or admit in writing the
      Debtors' inability to pay, debts as they become due; or the Debtors apply for,
      consent to or acquiesces in the appointment of a trustee, receiver or other
      custodian for the Debtors or any property or assets of the Debtors, or make
      a
      general assignment for the benefit of creditors; or, in the absence of such
      application, consent or acquiescence, a trustee, receiver or other custodian
      is
      appointed for the Debtors or for a substantial part of the property or assets
      of
      the Debtors and is not discharged within ninety (90) days; or any bankruptcy,
      reorganization, debt arrangement, or other case or proceeding under any
      bankruptcy or insolvency law, or any dissolution or liquidation proceeding,
      is
      commenced in respect of the Debtors and if such case or proceeding is not
      commenced by the Debtors it is consented to or acquiesced in by the Debtors
      or
      if such case or proceeding is not vacated, stayed or dismissed within ninety
      (90) days of such commencement.

     

    (f) The
      Debtors shall have transferred or disposed of any Collateral (except in the
      ordinary course of the Debtors' business) without the Secured Party's written
      consent.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6. Remedies.

    

    (a) Upon
      the
      occurrence of any Event of Default, the Secured Party may, subject to prior
      written consent of Palm Beach, without demand, presentment, notice of intention
      to accelerate, notice of acceleration (all of which are fully waived by the
      Debtors):

    

    (i) exercise
      any or all of its rights and remedies with respect to the Collateral under
      the
      Indiana Uniform Commercial Code, and such additional rights and remedies to
      which a secured party is entitled under the laws in effect in any jurisdiction
      where any rights and remedies hereunder may be asserted, including, without
      limitation, the right to exercise all powers of ownership pertaining to the
      Collateral as if the Secured Party was the sole and absolute owner thereof
      (and
      the Debtors agree to take all such action as may be appropriate to give effect
      to such right);

    

    (ii) With
      or
      without taking possession of the Collateral, sell, assign or otherwise dispose
      of all or any portion of the Collateral, at such place or places as the Secured
      Party deems best, for cash or credit against the Secured Indebtedness, at public
      or private sale, without demand or additional notice, and the Secured Party
      may
      be the purchaser, assignee or recipient of any or all of the Collateral so
      disposed of at any public sale (or, to the extent permitted by law, at any
      private sale), and thereafter shall hold the same absolutely free from any
      claim
      or right of any kind, including any right or equity of redemption (statutory
      or
      otherwise) of the Debtors, any such demand, notice, right or equity being
      expressly waived, disclaimed and released. The Secured Party shall have no
      obligation to clean-up or otherwise prepare the Collateral for sale, the Secured
      Party may sell the Collateral without giving any warranties as to the Collateral
      and may specifically disclaim any warranties of title or the like; 

    

    (iii) enter
      any
      premises of the Debtors, with or without legal process and take possession
      of
      the Collateral and remove it and any records pertaining thereto. The Debtors
      will upon request of the Secured Party assemble the Collateral and any records
      pertaining thereto and make them available at a place designated by the Secured
      Party; and/or

    

    (iv) exercise
      any other powers, rights or remedies conferred to the Secured Party under this
      Agreement, or at law or in equity.

    

    (b) No
      Marshaling.
      The
      Secured Party shall have no obligation to marshal any assets in favor of the
      Debtors or against or in payment of the Secured Indebtedness hereunder or under
      any other obligation owed to the Secured Party by the Debtors.

    

    (c) Remedies
      Cumulative; No Waiver.
      No
      right, power or remedy conferred upon or reserved to the Secured Party by this
      Agreement is intended to be exclusive of any other right, power or remedy,
      but
      each and every such right, power and remedy shall be cumulative and concurrent
      and shall be in addition to any other right, power and remedy given hereunder
      now or hereafter existing at law, in equity or by statute. No delay or omission
      by the Secured Party to exercise any right, power or remedy accruing upon the
      occurrence of any Event of Default shall exhaust or impair any such right,
      power
      or remedy or shall be construed to be a waiver of any such Event of Default
      or
      an acquiescence therein, and every right, power and remedy given by this
      Agreement to the Secured Party may be exercised from time to time and as often
      as may be deemed expedient by the Secured Party.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    7. Miscellaneous.

    

    (a) Successors
      and Assigns Included in Parties.
      Whenever in this Agreement one of the parties hereto is named or referred to,
      the heirs, legal representatives, successors, successors-in-title and assigns
      of
      such parties shall be included, and all covenants and agreements contained
      in
      this Agreement by or on behalf of the Debtors or by or on behalf of Secured
      Party shall bind and inure to the benefit of their respective heirs, legal
      representatives, successors-in-title and assigns, whether so expressed or not,
      including all persons who become bound as debtors to this
      Agreement.

    

    (b) Assignment.
      This
      Agreement may be endorsed, assigned and/or transferred in whole or in part
      by
      Secured Party without consent of the Debtors. Any such holder and/or assignee
      of
      the same shall succeed to and be possessed of the rights and powers of the
      Secured Party under all of the same to the extent transferred and assigned.
      The
      Debtors shall not assign any of their rights nor delegate any of their duties
      hereunder without the prior express written consent of the Secured Party.

    

    (c) Time
      of the Essence.
      Time is
      of the essence with respect to each and every covenant, agreement and obligation
      of the Debtors hereunder.

    

    (d) Severability.
      If any
      provision(s) of this Agreement or the application thereof to any person or
      circumstance shall be invalid or unenforceable to any extent, the remainder
      of
      this Agreement and the application of such provisions to other persons or
      circumstances shall not be affected thereby and shall be enforced to the
      greatest extent permitted by law.

    

    (e) Article
      and Section Headings; Defined Terms.
      Numbered and titled article and section headings and defined terms are for
      convenience only and shall not be construed as amplifying or limiting any of
      the
      provisions of this Agreement.

    

    (f) Notices.
      All
      notices, requests, demands and other communications under this Agreement, if
      any, must be in writing and will be deemed duly given, unless otherwise
      expressly indicated to the contrary in this Agreement, (i) when personally
      delivered, (ii) upon receipt of a telephonic facsimile transmission with a
      confirmed telephonic transmission answer back, (iii) three (3) days after having
      been deposited in the United States mail, certified or registered, return
      receipt requested, postage prepaid, or (iv) one (1) business day after having
      been dispatched by a nationally recognized overnight courier service, addressed
      to the parties or their permitted assigns at the following addresses (or at
      such
      other address or number as is given in writing by either party to the other)
      as
      follows:

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    If
      to the
      Debtors:

     

    Manchester
      Indiana Acceptance, Inc.

    c/o
      Manchester, Inc.

    100
      Crescent Court, 7th
      Floor

    Dallas,
      Texas, 75201

    Attention:
      Richard Gaines

    Telecopy
      Number: (214) 459-8035

    

    With
      a
      copy to:

    

    Wuersch
      & Gering LLP

    100
      Wall
      Street, 21st
      Floor

    New
      York,
      New York 10005

    Attention:
      Travis L. Gering, Esq.

    Telecopy
      Number: (212) 509-9559

    

    If
      to the
      Secured Party:

     

    Rick
      Stanley

    13533
      Marjac Way

    McCordsville,
      Indiana 46055

    Telecopy
      Number: (317) 624-0556 

    

    With
      a
      copy to:

    

    Ice
      Miller LLP

    OneAmerican
      Square

    Suite
      3100

    Indianapolis,
      Indiana 46282-0200

    Attention:
      Steven K. Humke, Esq.

    Telecopy
      number: (317) 592-4675

    

    (g) Entire
      Agreement.
      This
      Agreement and the agreements referenced herein represent the entire agreement
      between the parties concerning the subject matter hereof, and all oral
      discussions and prior agreements are merged herein; provided, if there is a
      conflict between this Agreement and any other document executed
      contemporaneously herewith with respect to the obligations hereunder, the
      provisions of this Agreement shall control. 

    

    (h) Governing
      Law, Forum and Amendments.
      This
      Agreement shall be construed and enforced under the laws of the State of Indiana
      without regard to the conflict of law principles thereof, except to the extent
      that the Uniform Commercial Code provides for the application of the law of
      the
      state of the Debtors' incorporation. The parties each irrevocably consent to
      the
      jurisdiction and venue of the courts of the State of Indiana and the United
      States District Court for the Southern District of Indiana with respect to
      any
      and all actions related to this Agreement or the enforcement of this Agreement
      and each party irrevocably waives any and all objections thereto. No amendment,
      modification, termination or waiver of any provision of this Agreement, nor
      consent to any departure by the Debtors from this Agreement, shall in any event
      be effective unless the same shall be in writing and signed by the Secured
      Party.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (i) Waiver
      of Trial by Jury.
      THE
      DEBTORS HEREBY KNOWINGLY AND VOLUNTARILY WITH THE BENEFIT OF COUNSEL WAIVES
      TRIAL BY JURY IN ANY ACTIONS, PROCEEDINGS, CLAIMS OR COUNTER-CLAIMS, WHETHER
      IN
      CONTRACT OR TORT OR OTHERWISE, AT LAW OR IN EQUITY, ARISING OUT OF OR IN ANY
      WAY
      RELATING TO THIS AGREEMENT.

    

    (j) Counterparts.
      This
      Agreement may be executed by the parties to this Agreement in separate
      counterparts, each of which when so executed shall be deemed to be an original
      and both of which taken together shall constitute one and the same
      Agreement.

    

    [Signature
      page follows]

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement, or have caused
      this Agreement to be executed by their duly authorized officers, as of the
      day
      and year first above written.

     

     

    
      	 	
              "DEBTORS"

            
	 	 	 
	 	Manchester Indiana Acceptance,
              Inc.
	 
 	 
 	 
 
	
            	By:  	/s/ Richard
              D. Gaines
	 	
              
Printed:
              Richard D. Gaines
	 	Title:
              President

    

     

    
      	 	 	 
	 	
              Manchester
                Inc.

            
	 
 	 
 	 
 
	
            	By:  	/s/ Richard
              D. Gaines
	 	
              
Printed:
              Richard D. Gaines
	 	Title:
              President

    

     

     

    
      	 	
              "SECURED
                PARTY"

            
	 	 	 
	 	
              Rick
                Stanley, as Shareholders’ Representative

            
	 
 	 
 	 
 
	
            	By:  	/s/ Rick
              Stanley
	 	
              
Printed:
              Rick Stanley
	 	Title:
              Shareholders’ Representative

    

     

    
      
        
        

      

      
        9

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