Document:

Filing F- $20.00
Recordation Tax: N/A                                         Parcel Tax ID#: N/A
Debtor's principal place of business is located in Baltimore County, Maryland

                                                            FINANCING STATEMENT
Bank of America, N.A.                                       Customer # 41-565672
10 Light Street
Baltimore, Maryland 21202

1.   To be Recorded among the Financing Statement Records at MDSDAT.

2.   Not Subject to Recordation Tax.

3.   Debtor(s) Names(s) and Address(es):

     Rent-A-Wreck Leasing, Inc.
     10324 South Dolfield Drive
     Owings Mills, Maryland 21117

4.   Secured Party Name and Address:

     Bank of America, N.A.
     P.O. Box 31152
     Charlotte, NC 28231-1152

     ATTENTION: Commercial Loan Service Center
     MAILSTOP: NC1-014-13-02

5. Collateral: This Financing Statement covers, and the Debtor hereby grants the
Secured Party, a security interest in the following property:

          Accounts:  Any and all  accounts  and  other  rights  of Debtor to the
payment for goods sold or leased or for services  rendered whether or not earned
by performance,  including,  without  limitation,  contract rights,  book debts,
checks, notes, drafts, instruments,  chattel paper, acceptances, and any and all
amounts  due to  Debtor  from  a  factor  or  other  forms  of  obligations  and
receivables, now existing or hereafter arising.

The Debtor also grants the Secured Party a security interest in property related
to the above described property, including specifically, but without limitation:
(a) all related present and future substitutions,  replacements,  appurtenances,
accessories  and accessions for such property;  (b) all of the Debtor's  related
books, records, computer programs, other software,  computer files and diskettes
or disk  storage media  and  rights under  any  and all licenses to use computer

MD086                                                         Approved: 06/25/96
jt                                                             Revised: 08/30/99

                                        1
<PAGE>
Filing F- $20.00
Recordation Tax: N/A                                         Parcel Tax ID#: N/A
Debtor's principal place of business is located in Baltimore County, Maryland

                                                            FINANCING STATEMENT
Bank of America, N.A                                        Customer # 41-565672
10 Light Street
Baltimore, Maryland 21202

programs,  software,  files and hardware that are related to such property;  (c)
all proceeds (cash and noncash,  including  insurance  proceeds) and products of
all such property, in any form whatsoever;  and (d) all accounts, chattel paper,
instruments, inventory, general intangibles or other goods or property purchased
or acquired with cash and/or non-cash  proceeds of such  'property.  Debtor also
grants the  Secured  Party a security  interest  in all  amounts  now and in the
future owed by the Secured  Party or any  affiliate of the Secured  Party to the
Debtor  and/or on  deposit in any  account  maintained  by the  Debtor  with the
Secured Party or any affiliate of the Secured Party.

                                       DEBTOR:

                                       Rent-A-Wreck Leasing, Inc.

                                       By: /s/ Kenneth Blum, Jr. (SEAL)
                                           -------------------------------------
                                       Name: Kenneth Blum, Jr.

                                       Title:  President

MD086                                                         Approved: 06/25/96
jt                                                             Revised: 08/30/99Filing F- $20.00
Recordation Tax: N/A                                         Parcel Tax ID#: N/A
Debtor's principal place of business is located in Baltimore County, Maryland

                                                            FINANCING STATEMENT
Bank of America, N.A.                                       Customer # 41-565672
10 Light Street
Baltimore, Maryland 21202

1.   To be Recorded among the Financing Statement Records at MDSDAT.

2.   Not Subject to Recordation Tax.

3.   Debtor(s) Names(s) and Address(es):

     PRICELESS Rent-A-Car, Inc.
     10324 South Dolfield Drive
     Owings Mills, Maryland 21117

4.   Secured Party Name and Address:

     Bank of America, N.A.
     P.O. Box 31152
     Charlotte, NC 28231-1152

     ATTENTION: Commercial Loan Service Center
     MAILSTOP: NC1-014-13-02

5.   Collateral:  This Financing  Statement covers, and the Debtor hereby grants
     the Secured Party, a security interest in the following property:

          Accounts:  Any and all  accounts  and  other  rights  of Debtor to the
payment for goods sold or leased or for services  rendered whether or not earned
by performance,  including,  without  limitation,  contract rights,  book debts,
checks, notes, drafts, instruments,  chattel paper, acceptances, and any and all
amounts  due to  Debtor  from  a  factor  or  other  forms  of  obligations  and
receivables, now existing or hereafter arising.

The Debtor also grants the Secured Party a security interest in property related
to the above described property, including specifically, but without limitation:
(a) all related present and future substitutions,  replacements,  appurtenances,
accessories  and accessions for such property;  (b) all of the Debtor's  related
books, records, computer programs, other software,  computer files and diskettes
or disk storage media and rights under any and all

MD086                                                         Approved: 06/25/96
jt                                                             Revised: 08/30/99

                                        1
<PAGE>
Filing F- $20.00
Recordation Tax: N/A                                         Parcel Tax ID#: N/A
Debtor's principal place of business is located in Baltimore County, Maryland

                                                            FINANCING STATEMENT
Bank of America, N.A.                                       Customer # 41-565672
10 Light Street
Baltimore, Maryland 21202

licenses to use computer programs, software, files and hardware that are related
to such  property;  (c) all  proceeds  (cash and  noncash,  including  insurance
proceeds) and products of all such property, in any form whatsoever; and (d) all
accounts,  chattel paper, instruments,  inventory,  general intangibles or other
goods or property  purchased or acquired with cash and/or  non-cash  proceeds of
such property.  Debtor also grants the Secured Party a security  interest in all
amounts now and in the future owed by the Secured  Party or any affiliate of the
Secured Party to the Debtor  and/or on deposit in any account  maintained by the
Debtor with the Secured Party or any affiliate of the Secured Party.

                                       DEBTOR:

                                       PRICELESS Rent-A-Car, Inc.

                                       By: /s/ Kenneth Blum Jr.(SEAL)
                                           -------------------------------------
                                       Name: Kenneth Blum, Jr.

                                       Title: President

MD086                                                         Approved: 06/25/96
jt                                                            Revised: 08/30/99Bank of America                                       Borrowing Base Certificate

--------------------------------------------------------------------------------

Status as of ____________________, 2000

In accordance  with terms of the Borrowing Base Agreement  attached as Exhibit A
to that Loan  Agreement  dated March 29, 2000,  by and between  Rent-A-Wreck  of
America,   Inc.,   Rent-A-Wreck  One  Way,  Inc.,  Bundy  American  Corporation,
Rent-A-Wreck  Leasing,  Inc., PRICELESS  Rent-A-Car,  Inc., and Bank of America,
N.A., we hereby represent and warrant as follows:

1.   Total Accounts Receivable                                 $
                                                               -----------------

2.   Less ineligible accounts receivable (as
     set forth in the Borrowing Base Agreement)              - $
                                                               -----------------

3.   Net Accounts Receivable                                   $
                                                               -----------------

     50% of Eligible Accounts
4.   a.  Receivable                                          x $       .50
                                                               -----------------

     b. Total Eligible Accounts Receivable                     $
                                                               -----------------

5.   Bank of America Certificate of Deposit                  + $   600,000
                                                               -----------------

6.   Total Available                                           $
                                                               -----------------

7.   Maximum loan amount                                       $ 1,000,000

8.   Outstanding balance as of report date                     $ 1,000,000 (L/C)
                                                               -----------------

9.   Available for further advances (lesser of
     line 6 minus line 8 or line 7 minus line 8)               $       -0-
                                                               -----------------
<PAGE>
Borrower:

Rent-A-Wreck of America, Inc.

By:
    ------------------------------

Rent-A-Wreck One Way, Inc.

By:
    ------------------------------

Bundy America Corporation

By:
    ------------------------------

Rent-A-Wreck Leasing, Inc.

By:
    ------------------------------

PRICELESS Rent-A-Car, Inc.

By:
    ------------------------------

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