Document:

SHARE
      PURCHASE AND EXCHANGE AGREEMENT

    

    MANCHESTER
      INC.

    

    NICE
      CARS ACCEPTANCE ACQUISITIONCO, INC.

    

    NICE
      CARS CAPITAL ACCEPTANCE CORPORATION

    

    SHAREHOLDERS
      OF NICE
      CARS CAPITAL ACCEPTANCE CORPORATION

    

    THIS
      SHARE PURCHASE AND EXCHANGE AGREEMENT (this "Agreement"), dated October 4,
      2006,
      is entered into by and between Manchester Inc., a Nevada corporation having
      its
      principal office at 100 Crescent Court, 7th
      Floor,
      Dallas, Texas 75201 (the “Parent”), Nice
      Cars
      Acceptance AcquisitionCo, Inc.,
      a
      Delaware corporation and wholly owned subsidiary of the Parent (the “Company”),
Nice
      Cars
      Capital Acceptance Corporation,
      a
      Georgia Corporation (“NCCAC”) having its principal office at 990 Battlefield
      Parkway, Fort Oglethorpe, Georgia 30742 and the undersigned shareholders of
      NCCAC (each a “Shareholder,” and collectively, the “Shareholders”).

    

    WITNESSETH
      :

    

    WHEREAS,
      the Parent is the sole owner of all of the issued and outstanding shares of
      the
      capital stock of the Company;

    

    WHEREAS,
      the Company desires to acquire all of the issued and outstanding shares of
      NCCAC
      (the “NCCAC Shares”) from the Shareholders, and the Shareholders wish to sell
      the NCCAC Shares;

    

    WHEREAS,
      an Affiliate of the Company (“Nice Cars Operations AcquisitionCo”) intends to
      acquire all of the issued and outstanding shares of Nice
      Cars,
      Inc., a
      Georgia corporation (“NCI”), simultaneously with the acquisition of the NCCAC
      Shares;

    

    WHEREAS,
      the parties hereto intend,
      by approving resolutions authorizing this Agreement, to adopt this Agreement
      and
      the Plan and Agreement of Merger of Foreign Corporation into Delaware
      Corporation (the “Merger Agreement”), to be executed and filed as of even date
      of the Closing (the “Closing Date”) as contemplated hereto, as a plan of
      reorganization within the meaning of Section 368(a) of the Internal Revenue
      Code
      of 1986, as amended (the "Code"), and the regulations promulgated
      thereunder;

     

    
      _________________

      Information
        marked with the notation [ * ] has been omitted from the exhibits filed with
        the
        U.S. Securities and Exchange Commission (the “Commission”) pursuant to a request
        for confidential treatment submitted to the Commission on the date of this
        filing.  A complete copy of these exhibits has been provided to the
        Commission.

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    NOW,
      THEREFORE, in consideration of the covenants, promises and representations
      set
      forth herein, and for other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, and intending to be legally
      bound hereby, the parties agree as follows:

    

    1. Share
      Purchase and Exchange. Subject to the terms and conditions stated herein, at
      the
      Closing (as defined below), (a) the Shareholders shall assign, transfer, convey,
      and deliver to the Company, and the Company shall accept and acquire,
      the NCCAC Shares and any and all rights in such shares to which such Shareholder
      is entitled, and by so doing, each Shareholder will be deemed to have assigned
      all of his or her right, title and interest in and to all such NCCAC Shares
      to
      the Company; and (b) in exchange for the NCCAC Shares, the Company shall
      transfer to the Shareholders, and the Shareholders shall accept from the
      Company, (i) 5,568,750 shares of the Parent’s common stock (the “Exchange
      Shares”) on the date of the Closing; (ii) a payment of fifteen million three
      hundred forty five thousand dollars ($15,345,000) by wire transfer to be made
      on
      the Closing Date after the Merger Agreement referred to in Section 2.5 has
      been
      filed with the Secretary of State of Delaware to an account designated by the
      Shareholders; and (iii) a note from Manchester to the Shareholders in the
      principal amount of six million nine hundred and thirty thousand dollars
      ($6,930,000) (the “Purchase Note”), substantially in the form of Exhibit A
      hereof,
      which shall be due and payable in accordance with its terms. If one or more
      stock certificates representing the NCCAC Shares have been issued, such
      conveyance of the NCCAC Shares shall be evidenced by such stock certificate(s),
      duly endorsed to the Company or accompanied by stock powers duly executed to
      the
      order of the Company, or other instruments of transfer in form and substance
      reasonably satisfactory to the Company. As additional inducement to the
      Shareholders, the Parent and the Company shall at Closing issue to the
      Shareholders the S Tax Reimbursement Note in the form attached hereto as
Exhibit
      B
      as
      described in Section 8(a) herein, and the Shareholder Note in the form attached
      hereto as Exhibit
      C
      with
      respect to repayment of Shareholder loans to NCCAC outstanding as of the Closing
      Date.

    

    2. Closing
      and Deliveries. 

    

    2.1 The
      Closing. The closing (the "Closing") of the transactions contemplated hereunder
      shall take place simultaneously with the execution of this Agreement at such
      place as the parties hereto may agree, provided, however, time is of the essence
      and the Closing shall not be later than ten (10) days from the date of this
      Agreement.

    

    2.2 Employment
      Agreements. Simultaneously with the Closing, Nice Cars Operations AcquisitionCo
      will enter into employment agreements with those individuals listed on
Exhibit
      D
      to the
      NCI Agreement (as defined below), substantially in the form of the employment
      agreements attached thereto.

    

    2.3 Payments
      to the Lyles. At the Closing, the Company shall take such actions as are
      necessary and proper to ensure that any and all amounts due and owed by NCCAC
      pursuant to those notes executed with Raymond Lyle and his spouse and three
      children (the “Lyles”) and which are listed on Exhibit
      E
      hereto
      shall be paid at Closing by the delivery of a promissory note by NCCAC to the
      Lyles.

    
      
        
        

      

      
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    2.4 Release
      of the Lyles. The Company shall promptly after Closing take such actions as
      are
      necessary and proper to ensure that the Lyles shall be released from those
      personal guaranties or other obligations ("Personal Obligations") relating
      to
      NCCAC that such individuals may have and which are listed on Exhibit
      F
      provided, however, that no duplicate payments shall be made in respect of any
      Personal Obligations agreed to be paid under the acquisition of NCI as of even
      date herewith. In the event the Company is unable to obtain the release of
      the
      Lyles from any Personal Obligations, the Company shall fund an escrow account
      or
      obtain a letter of credit in an amount equal to the sum of all unreleased
      Personal Obligations, and the funds in the escrow account or such letter of
      credit will be used to satisfy the unreleased Personal Obligations as they
      become due. The terms and provisions of the escrow account or such letter of
      credit shall be mutually agreed upon by the Company and Shareholders. Parent
      and
      Company hereby covenant and agree that any lease for premises occupied by NCCAC
      which is either in the name of Ray Lyle or which is personally guaranteed by
      Ray
      Lyle shall not be amended, modified, renewed or extended in any manner unless
      and until Ray Lyle is removed from any and all personal obligations under said
      lease.

    

    2.5 Merger
      of
      NCCAC into the Company. At the Closing, the officers of NCCAC and the Company
      shall execute, deliver and file with the Secretary of State of the State of
      Delaware the Merger
      Agreement,
      attached hereto as Annex A, and shall take any and all further actions
      reasonably necessary to cause the merger of NCCAC into the Company such that
      NCCAC shall thereafter cease to exist and all business previously conducted
      by
      NCCAC shall thereafter be conducted by the Company. Parent and Company
      acknowledge that an important consideration to the Shareholders for this
      transaction is that the receipt of the Parent's stock by the Shareholders shall
      be deemed to be a tax free reorganization under Section 368(a)(2)(D) of the
      Code
      and Parent and Company agree not to take any actions which would cause this
      transaction not to be a reorganization under Section 368(a)(2)(D) of the Code.
      In addition, Parent and Company agree not to make any tax elections under
      Section 338 of the Code which would have any adverse or detrimental impact
      on
      the Shareholders.

    

    2.6 NCI
      Agreement. Simultaneous with the Closing, the Parent, Nice Cars AcquisitionCo,
      Inc., NCI and the Shareholders will have executed that certain Stock Purchase
      and Exchange Agreement of even date herewith ("NCI Agreement"), and the Closing
      shall have taken place pursuant to the NCI Agreement.

    

    2.7 Opinion
      of Company’s Counsel. Simultaneously with Closing, the Company and the Parent
      shall deliver an opinion letter from counsel to the Company and Parent,
      substantially in the form attached hereto as Exhibit
      G.
      

    

    2.8 Opinion
      of NCCAC. Simultaneously with Closing, NCCAC shall deliver an opinion letter
      from counsel to NCCAC, substantially in the form attached hereto as Exhibit
      H.

    
      
        
        

      

      
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    3.
       Representations
      and Warranties; Indemnification.

    

    3.1
       Representations
      and Warranties of the Shareholders. As an inducement to the Company to enter
      into this Agreement and to consummate the transactions contemplated herein,
      the
      Shareholders represent and warrant to the Company as follows, all of which
      are
      true and complete as of the date of this Agreement and as of the Closing, except
      to the extent set forth on a disclosure schedule attached hereto referencing
      the
      Section and paragraph number of the provision herein corresponding to such
      exception:

    

    (a) Authority.
      Each of the Shareholders has the right, power, authority and capacity to execute
      and deliver this Agreement, to consummate the transactions contemplated hereby
      and to perform his obligations under this Agreement. This Agreement constitutes
      the legal, valid and binding obligations of the Shareholders, enforceable
      against each Shareholder in accordance with the terms hereof.

    

    (b) Ownership.
      The Shareholders are the sole record and beneficial owners of all of the issued
      and outstanding NCCAC Shares, have good and marketable title to the NCCAC
      Shares, free and clear of all Encumbrances (as hereinafter defined), and have
      full legal right and power to sell, transfer and deliver the NCCAC Shares to
      the
      Company in accordance with this Agreement. "Encumbrances" shall mean any liens,
      pledges, hypothecations, charges, adverse claims, options, preferential
      arrangements or restrictions of any kind, including, without limitation, any
      restriction of the use, voting, transfer, receipt of income or other exercise
      of
      any attributes of ownership, other than as provided under applicable securities
      laws. Upon the execution and delivery of this Agreement, the Company will
      receive good and marketable title to the NCCAC Shares, free and clear of all
      Encumbrances. There are no stockholders' agreements, voting trust, proxies,
      options, warrants, convertible instruments, rights of first refusal or any
      other
      agreements or understandings with respect to the NCCAC Shares. Except
      as
      contemplated by this Agreement, there are no preemptive or similar rights to
      purchase or otherwise acquire shares of the capital stock of NCCAC pursuant
      to
      any provision of law, the Certificate of Incorporation or By-Laws (in each
      case,
      as amended and in effect on the date hereof), or any agreement to which any
      Shareholder or NCCAC is a party.

    

    (c) No
      Conflict. Except as set forth on Exhibit
      I,
      none of
      the execution, delivery, or performance of this Agreement, or the consummation
      of the transactions contemplated hereby, conflicts or will conflict with, or
      (with or without notice or lapse of time, or both) will result in a termination,
      breach or violation of (i) any instrument, contract or agreement to which any
      of
      the Shareholders are a party or by which he or she is bound, or to which the
      NCCAC Shares are subject; or (ii) any federal, state, local or foreign law,
      ordinance, judgment, decree, order, statute, or regulation, or that of any
      other
      governmental body or authority, applicable to the Shareholders or the NCCAC
      Shares.

    

    (d) No
      Consent. Except as set forth on Exhibit
      J,
      no
      consent, approval, authorization or order of, or any filing or declaration
      with
      any governmental authority or any other person, is required for the consummation
      by the Shareholders of any of the transactions contemplated by the Shareholders
      under this Agreement.

    
      
        
        

      

      
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    (e) Own
      Account. Each Shareholder is acquiring the Exchange Shares for his or her own
      account as principal, and not as a nominee or agent; for investment purposes
      only, and not with a view to, or for, resale, distribution or fractionalization
      thereof in whole or in part; and no other person has a direct or indirect
      beneficial interest in such Exchange Shares or any portion thereof. No
      Shareholder has any contract, undertaking, agreement or arrangement with any
      person to sell, transfer or grant participations in the Exchange Shares to
      such
      person or to any third person. 

    

    (f) No
      Advertisement. The Shareholders are not acquiring the Exchange Shares as a
      result of or subsequent to any advertisement, article, notice or other
      communication published in any newspaper, magazine or similar media or broadcast
      over television or radio, or presented at any seminar or meeting, or pursuant
      to
      any solicitation of a subscription by a person not previously known to the
      Shareholders in connection with investment securities generally.

    

    (g) No
      Obligation to Register. Except as otherwise provided in this Agreement, the
      Shareholders understand that neither the Company nor the Parent is under any
      obligation to register the Exchange Shares under the Securities Act of 1933,
      as
      amended (the "Securities Act"), or to assist the Shareholders in complying
      with
      the Securities Act or the securities laws of any state of the United States
      or
      of any foreign jurisdiction. The Shareholders understand
      that the Exchange Shares must be held indefinitely unless such Exchange Shares
      are registered under the Securities
      Act
      or an
      exemption from registration is available. Each Shareholder acknowledges that
      such person is familiar with Rule 144 of the rules and regulations of the
      Commission, as amended, promulgated pursuant to the Securities
      Act
      (“Rule
      144”),
      and
      that each Shareholder has been advised that Rule 144 permits resales only under
      certain circumstances. The Shareholders understand that to the extent that
      Rule
      144 is not available, such Shareholder will be unable to sell any Exchange
      Shares without either registration under the Securities
      Act
      or
      the existence of another exemption from such registration
      requirement.

    

    (h) Experience.
      Each of the Shareholders is (1) experienced in making investments of the kind
      described in this Agreement and the related documents, (2) able, by reason
      of
      the business and financial experience of its officers (if an entity) and
      professional advisors (who are not affiliated with or compensated in any way
      by
      the Company, the Parent or any of their affiliates or selling agents), to
      protect its own interests in connection with the transactions described in
      this
      Agreement, and the related documents, and (3) able to afford the entire loss
      of
      its investment in the Exchange Shares.

    

    (i) Exemption
      from Registration. Each of the Shareholders acknowledges his understanding
      that
      the offering and sale of Exchange Shares is intended to be exempt from
      registration under the Securities Act. In furtherance thereof, in addition
      to
      the other representations and warranties of the Shareholders made herein, the
      Shareholders further represent and warrant to and agree with each of the Company
      and the Parent and their affiliates as follows:

    
      
        
        

      

      
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    (1)
       Each
      Shareholder realizes that the basis for the exemption may not be present if,
      notwithstanding such representations, such Shareholder is acquiring the Exchange
      Shares for a fixed or determinable period in the future, or for a market rise,
      or for sale if the market does not rise. No Shareholder has any such
      intention.

    

    (2) Each
      Shareholder has adequate means for providing for his current needs and personal
      contingencies and has no need for liquidity with respect to the acquisition
      of
      the Exchange Shares.

    

    (3) Each
      Shareholder has such knowledge and experience in financial and business matters
      as to be capable of evaluating the merits and risks of the prospective
      investment in the Exchange Shares.

    

    (4) Each
      Shareholder has been provided an opportunity for a reasonable period of time
      prior to the date hereof to obtain additional information concerning the
      offering of the Exchange Shares, the Company, the Parent, and all other
      information to the extent the Company or the Parent possesses such information
      or can acquire it without unreasonable effort or expense.

    

    (5) Each
      Shareholder has carefully reviewed all of the Parent's filings under the
      Securities Exchange Act of 1934, as amended (the "Exchange Act").

    

    (j) Accredited
      Investor. Each Shareholder is an "accredited investor" as that term is defined
      in Rule 501 of the General Rules and Regulations under the Securities Act by
      reason of Rule 501(a)(3).

    

    (k)
       Risk.
      Each Shareholder understands that an investment in the Exchange Shares is a
      speculative investment which involves a high degree of risk and the potential
      loss of his entire investment.

    

    (l)
       Net
      Worth. Each Shareholder’s overall commitment to investments which are not
      readily marketable is not disproportionate to such Shareholder’s net worth, and
      the acquisition of the Exchange Shares will not cause such overall commitment
      to
      become excessive.

    

    (m) SEC
      Documents. Each Shareholder has received all documents, records, books and
      other
      information pertaining to Shareholder’s investment in the Company that has been
      requested by such Shareholder. Each Shareholder has reviewed or received copies
      of all reports and other documents filed by the Parent with the Securities
      and
      Exchange Commission (the "SEC Documents").

    
      
        
        

      

      
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    (n)
       Reliance.
      Other than as set forth herein, the Shareholders are not relying upon any other
      information, representation or warranty by the Company or the Parent, or any
      officer, director, stockholder, agent or representative of the Company or the
      Parent in determining to invest in the Exchange Shares. Each Shareholder has
      consulted, to the extent deemed appropriate by such Shareholder, with such
      Shareholder’s own advisers as to the financial, tax, legal and related matters
      concerning an investment in the Exchange Shares and on that basis believes
      that
      his or its investment in the Exchange Shares is suitable and appropriate for
      such Shareholder.

    

    (o)
       No
      Governmental Review. Each Shareholder is aware that no federal or state agency
      has (1) made any finding or determination as to the fairness of this investment,
      (2) made any recommendation or endorsement of the Exchange Shares, the Company,
      or the Parent or (3) guaranteed or insured any investment in the Exchange Shares
      or any investment made by the Company or the Parent.

    

    (p)
       Price.
      Each Shareholder understands that the price of the Exchange Shares offered
      hereby bear no relation to the assets, book value or net worth of the Parent
      and
      were determined arbitrarily by the Parent. Each Shareholder further understands
      that there is a substantial risk of further dilution on his or its investment
      in
      the Parent.

    

    (q)
       Full
      Disclosure. No representation or warranty made by any Shareholder to the Company
      and/or the Parent in this Agreement omits to state a material fact necessary
      to
      make the statements herein, in light of the circumstances in which they were
      made, not misleading. There is no fact known to any Shareholder that has
      specific application to the NCCAC Shares and that materially adversely affects
      or, as far as can be reasonably foreseen, materially threatens the NCCAC Shares
      that has not been set forth in this Agreement.

    

    (r) Compliance
      Undertakings. Each Shareholder hereby
      acknowledges that he/she is acquainted with the requirements of Section 16
      and
      Section 13(d) of the Securities Exchange Act of 1934 and the rules and
      regulations issued thereunder. Each
      Shareholder understands
      that, as a result of its acquisition of Shares, and in order to comply with
      Section 16 and Section 13(d) and the rules and regulations issued thereunder,
      each Shareholder
      may
      be
      required to file a report on Form 3 and a Schedule 13D and each such Shareholder
      hereby undertakes and agrees to make such filing in a timely manner if so
      required.

    

    3.2
       Representations
      and Warranties of the Parent. As an inducement to the Shareholders to enter
      into
      this Agreement and to consummate the transactions contemplated herein, the
      Parent represents and warrants to the Shareholders as follows, all of which
      are
      true and complete as of the date of this Agreement and as of the Closing, except
      to the extent set forth on a disclosure schedule attached hereto referencing
      the
      Section and paragraph number of the provision herein corresponding to such
      exception:

    

    (a)
       Organization
      of the Parent. The Parent is a corporation duly organized and validly existing
      and in good standing under the laws of the State of Nevada, and has all
      requisite power and authority to own, lease and operate its properties and
      to
      carry on its business as now being conducted. The Parent is duly qualified
      as a
      foreign corporation to do business and is in good standing in every jurisdiction
      in which the nature of the business conducted or property owned by it makes
      such
      qualification
      necessary, other than those in which the failure so to qualify would not have
      a
      material adverse effect on the business, operations, properties, prospects
      or
      condition (financial or otherwise) of the Parent. Parent has, prior to the
      execution of this Agreement, delivered to the Shareholders true and complete
      copies of its (i) Certificate of Incorporation with all amendments thereto;
      and
      (ii) By-laws, in each case as in effect on the date of Closing. Parent is not
      in
      default under or in violation of any provision of its Certificate of
      Incorporation or By-laws. 

    
      
        
        

      

      
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    (b)
       Authority.
      (1) The Parent has the requisite corporate power and authority to enter into
      and
      perform its obligations under this Agreement and to issue the Exchange Shares,
      the Purchase Note, the S Tax Reimbursement Note and the Shareholder Note, each
      as described herein; (2) the execution and delivery of this Agreement by the
      Parent and the consummation by it of the transactions contemplated hereby and
      thereby have been duly authorized by all necessary corporate action and no
      further consent or authorization of the Parent or its Board of Directors or
      stockholders is required; and (3) this Agreement and the Purchase Note, the
      S
      Tax Reimbursement Note and the Shareholder Note, have been duly executed and
      delivered by the Parent and each constitutes a valid and binding obligation
      of
      the Parent enforceable against the Parent in accordance with its terms, except
      as such enforceability may be limited by applicable bankruptcy, insolvency,
      or
      similar laws relating to, or affecting generally the enforcement of, creditors'
      rights and remedies or by other equitable principles of general
      application.

    

    (c)
       SEC
      Documents. To the best of Parent's knowledge, the Parent has not provided to
      the
      Shareholders any information that, according to applicable law, rule or
      regulation, should have been disclosed publicly prior to the date hereof by
      the
      Parent, but which has not been so disclosed. As of their respective dates,
      the
      SEC Documents complied in all material respects with the requirements of the
      Securities Act or the Exchange Act, as the case may be, and other federal,
      state
      and local laws, rules and regulations applicable to such SEC Documents, and
      none
      of the SEC Documents contained any untrue statement of a material fact or
      omitted to state a material fact required to be stated therein or necessary
      in
      order to make the statements therein, in light of the circumstances under which
      they were made, not misleading. The financial statements of the Parent included
      in the SEC Documents comply as to form and substance in all material respects
      with applicable accounting requirements and the published rules and regulations
      of the Securities and Exchange Commission (the "SEC") or other applicable rules
      and regulations with respect thereto. Such financial statements have been
      prepared in accordance with generally accepted accounting principles applied
      on
      a consistent basis during the periods involved (except (1) as may be otherwise
      indicated in such financial statements or the notes thereto or (2) in the case
      of unaudited interim statements, to the extent they may not include footnotes
      or
      may be condensed or summary statements) and fairly present in all material
      respects the financial position of the Parent as of the dates thereof and the
      results of operations and cash flows for the periods then ended (subject, in
      the
      case of unaudited statements, to normal year-end audit
      adjustments).

    
      
        
        

      

      
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    (d)
       Exemption
      from Registration; Valid Issuances. When issued and transferred as herein
      provided, the Exchange Shares shall be duly authorized, validly issued, fully
      paid, and nonassessable. Neither the sales of the Exchange Shares pursuant
      to,
      nor the Parent's performance of its obligations under, this Agreement shall
      (1)
      result in the creation or imposition of any liens, charges, claims or other
      encumbrances upon the Exchange Shares or any of the assets of the Parent, or
      (2)
      entitle the other holders of the common stock of the Parent to preemptive or
      other rights to subscribe to or acquire the Exchange Shares or other securities
      of the Parent. 

    

    (e)
       No
      General Solicitation or Advertising in Regard to this Transaction. Neither
      the
      Parent nor any of its affiliates nor any person acting on its or their behalf
      (1) has conducted or will conduct any general solicitation (as that term is
      used
      in Rule 502(c) of Regulation D) or general advertising with respect to any
      of
      the Exchange Shares, or (2) made any offers or sales of any security or
      solicited any offers to buy any security under any circumstances that would
      require registration of the Exchange Shares under the Securities
      Act.

    

    (f)
       No
      Conflicts. The execution, delivery and performance of this Agreement by the
      Parent and the consummation by the Parent of the transactions contemplated
      hereby, including without limitation the issuance of the Exchange Shares, do
      not
      and will not (1) result in a violation of the Certificate of Incorporation
      or
      By-Laws of the Parent, or (2) conflict with, or constitute a material default
      (or an event that with notice or lapse of time or both would become a material
      default) under, or give to others any rights of termination, amendment,
      acceleration or cancellation of, any material agreement, indenture, instrument
      or any "lock-up" or similar provision of any underwriting or similar agreement
      to which the Parent is a party, or (3) result in a violation of any federal,
      state, local or foreign law, rule, regulation, order, judgment or decree
      (including federal and state securities laws and regulations) applicable to
      the
      Parent or by which any property or asset of the Parent is bound or affected
      (except for such conflicts, defaults, terminations, amendments, accelerations,
      cancellations and violations as would not, individually or in the aggregate,
      have a material adverse effect on the business, operations, properties,
      prospects or condition (financial or otherwise) of the Parent) nor is the Parent
      otherwise in violation of, conflict with or in default under any of the
      foregoing. The business of the Parent is not being conducted in violation of
      any
      law, ordinance or regulation of any governmental entity, except for possible
      violations that either singly or in the aggregate do not and will not have
      a
      material adverse effect on the business, operations, properties, prospects
      or
      condition (financial or otherwise) of the Parent. The Parent is not required
      under federal, state or local law, rule or regulation to obtain any consent,
      authorization or order of, or make any filing or registration with, any court
      or
      governmental agency in order for it to execute, deliver or perform any of its
      obligations under this Agreement or issue and sell the Exchange Shares in
      accordance with the terms hereof (other than any SEC, NASD or state securities
      filings that may be required to be made by the Parent subsequent to the Closing,
      any registration statement that may be filed pursuant hereto, and any
      shareholder approval required by the rules applicable to companies whose common
      stock trades on the Over The Counter Bulletin Board); provided that, for
      purposes of the representation made in this sentence, the Parent is assuming
      and
      relying upon the accuracy of the relevant representations and agreements of
      the
      Shareholders herein.

    
      
        
        

      

      
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    (g)
       No
      Undisclosed Liabilities. The Parent has no liabilities or obligations that
      are
      material, individually or in the aggregate, and that are not disclosed in the
      SEC Documents or otherwise publicly announced, other than those incurred in
      the
      ordinary course of the Parent's businesses and which, individually or in the
      aggregate, do not or would not have a material adverse effect on the
      Parent.

    

    (h)
       No
      Undisclosed Events or Circumstances. No event or circumstance has occurred
      or
      exists with respect to the Parent or its businesses, properties, prospects,
      operations or financial condition, that, under applicable law, rule or
      regulation, requires public disclosure or announcement prior to the date hereof
      by the Parent but which has not been so publicly announced or disclosed in
      the
      SEC Documents.

    

    (i) Litigation
      and Other Proceedings. Except as may be set forth in the SEC Documents, there
      are no lawsuits or proceedings pending or to the best knowledge of the Parent
      threatened, against the Parent, nor has the Parent received any written or
      oral
      notice of any such action, suit, proceeding or investigation, which would have
      a
      material adverse effect on the business, operations, properties, prospects
      or
      condition (financial or otherwise) of the Parent. Except as set forth in the
      SEC
      Documents, no judgment, order, writ, injunction or decree or award has been
      issued by or, so far as is known by the Parent, requested of any court,
      arbitrator or governmental agency which would have a material adverse effect
      on
      the business, operations, properties, prospects or condition (financial or
      otherwise) of the Parent.

    

    (j) Capitalization.
      Immediately prior to the Closing, the authorized capital stock of the Parent
      shall consist of: (i) a total of ten million (10,000,000) shares of preferred
      stock, par value $.001 per share, none of which are issued and outstanding;
      and
      (b) a total of one hundred million (100,000,000) shares of common stock, par
      value $.001 per share, of which 32,787,500 are issued and outstanding as of
      the
      Closing after giving effect to the issuance of shares hereof.  Immediately
      prior to the Closing, the Parent has issued and outstanding (i) options to
      purchase 550,000 shares of the Parent’s common stock with an exercise purchase
      price no less than $4.00 per share; and (ii) warrants that Parent has committed
      to issue to purchase up to 4,000,000 shares of the Parent’s common stock in
      favor of Palm Beach Multi-Strategy Fund L.P. (the "Lender") at an exercise
      purchase price of the lesser of $3.00 per share and a price per share equal
      to
      75% of the publicly-traded market price for such shares. The
      Parent expects to adopt an equity incentive plan with a number of shares of
      Parent common stock authorized to be issued thereunder to be determined by
      the
      Board of Directors as customary and reasonable by reference to
      similarly-situated public companies. Except as contemplated by this Agreement,
      there are no other outstanding warrants, options, conversion privileges,
      preemptive rights, or other rights or agreements to purchase or otherwise
      acquire or issue any equity securities of the Parent as of the date of this
      Agreement.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    (k)
       Full
      Disclosure. No representation or warranty made to any Shareholder by the Parent
      in this Agreement omits to state a material fact necessary to make the
      statements herein, in light of the circumstances in which they were made, not
      misleading. There is no fact known to the Parent that has specific application
      to the Exchange
      Shares
      and that
      materially adversely affects or, as far as can be reasonably foreseen,
      materially threatens the Exchange
      Shares
      that has
      not been set forth in this Agreement or otherwise disclosed in the Parent’s
      publicly available reports and disclosures filed with the U.S. Securities and
      Exchange Commission.

    

    3.3
       Representations
      and Warranties of the Company. As an inducement to the Shareholders to enter
      into this Agreement and to consummate the transactions contemplated herein,
      the
      Company represents and warrants to the Shareholders as follows, all of which
      are
      true and complete as of the date of this Agreement and as of the Closing, except
      to the extent set forth on a disclosure schedule attached hereto referencing
      the
      Section and paragraph number of the provision herein corresponding to such
      exception:

    

    (a)
       Organization
      of the Company. The Company is a corporation duly organized and validly existing
      and in good standing under the laws of the State of Delaware, and has all
      requisite power and authority to own, lease and operate its properties and
      to
      carry on its business as now being conducted. The Company is duly qualified
      as a
      foreign corporation to do business and is in good standing in every jurisdiction
      in which the nature of the business conducted or property owned by it makes
      such
      qualification necessary, other than those in which the failure so to qualify
      would not have a material adverse effect on the business, operations,
      properties, prospects or condition (financial or otherwise) of the Company.
      Company has, prior to the execution of this Agreement, delivered to the
      Shareholders true and complete copies of its (i) Certificate of Incorporation
      with all amendments thereto; and (ii) By-laws, in each case as in effect on
      the
      date of Closing. Company is not in default under or in violation of any
      provision of its Certificate of Incorporation or By-laws. 

    

    (b)
       Authority.
      (1) The Company has the requisite corporate power and authority to enter into
      and perform its obligations under this Agreement and to issue the Exchange
      Shares, the Purchase Note, the S Tax Reimbursement Note and the Shareholder
      Note, each as described herein; (2) the execution and delivery of this Agreement
      by the Company and the consummation by it of the transactions contemplated
      hereby and thereby have been duly authorized by all necessary corporate action
      and no further consent or authorization of the Company or its Board of Directors
      or stockholders is required; and (3) this Agreement and the Purchase Note,
      the S
      Tax Reimbursement Note and the Shareholder Note has been duly executed and
      delivered by the Company and each constitutes a valid and binding obligation
      of
      the Company enforceable against the Company in accordance with its terms, except
      as such enforceability may be limited by applicable bankruptcy, insolvency,
      or
      similar laws relating to, or affecting generally the enforcement of, creditors'
      rights and remedies or by other equitable principles of general
      application.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    (c)
       No
      General Solicitation or Advertising in Regard to this Transaction. Neither
      the
      Company nor any of its affiliates nor any person acting on its or their behalf
      (1) has conducted or will conduct any general solicitation (as that term is
      used
      in Rule 502(c) of Regulation D) or general advertising with respect to any
      of
      the Exchange Shares, or (2) made any offers or sales of any security or
      solicited any offers to buy any security under any circumstances that would
      require registration of the Exchange Shares under the Securities
      Act.

    

    (d)
       No
      Conflicts. The execution, delivery and performance of this Agreement by the
      Company and the consummation by the Company of the transactions contemplated
      hereby, including without limitation the issuance of the Exchange Shares, do
      not
      and will not (1) result in a violation of the Certificate of Incorporation
      or
      By-Laws of the Company, or (2) conflict with, or constitute a material default
      (or an event that with notice or lapse of time or both would become a material
      default) under, or give to others any rights of termination, amendment,
      acceleration or cancellation of, any material agreement, indenture, instrument
      or any "lock-up" or similar provision of any underwriting or similar agreement
      to which the Company is a party, or (3) result in a violation of any federal,
      state, local or foreign law, rule, regulation, order, judgment or decree
      (including federal and state securities laws and regulations) applicable to
      the
      Company or by which any property or asset of the Company is bound or affected
      (except for such conflicts, defaults, terminations, amendments, accelerations,
      cancellations and violations as would not, individually or in the aggregate,
      have a material adverse effect on the business, operations, properties,
      prospects or condition (financial or otherwise) of the Company) nor is the
      Company otherwise in violation of, conflict with or in default under any of
      the
      foregoing. The business of the Company is not being conducted in violation
      of
      any law, ordinance or regulation of any governmental entity, except for possible
      violations that either singly or in the aggregate do not and will not have
      a
      material adverse effect on the business, operations, properties, prospects
      or
      condition (financial or otherwise) of the Company. The Company is not required
      under federal, state or local law, rule or regulation to obtain any consent,
      authorization or order of, or make any filing or registration with, any court
      or
      governmental agency in order for it to execute, deliver or perform any of its
      obligations under this Agreement or issue and sell the Exchange Shares in
      accordance with the terms hereof (other than any SEC, NASD or state securities
      filings that may be required to be made by the Company subsequent to the
      Closing, any registration statement that may be filed pursuant hereto, and
      any
      shareholder approval required by the rules applicable to companies whose common
      stock trades on the Over The Counter Bulletin Board); provided that, for
      purposes of the representation made in this sentence, the Company is assuming
      and relying upon the accuracy of the relevant representations and agreements
      of
      the Shareholders herein.

    

    (e)
       No
      Undisclosed Liabilities. The Company has no liabilities or obligations that
      are
      material, individually or in the aggregate, other than those incurred in the
      ordinary course of the Company's businesses and which, individually or in the
      aggregate, do not or would not have a material adverse effect on the
      Company.

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    (f)
       No
      Undisclosed Events or Circumstances. No event or circumstance has occurred
      or
      exists with respect to the Company or its businesses, properties, prospects,
      operations or financial condition, that, under applicable law, rule or
      regulation, requires public disclosure or announcement prior to the date hereof
      by the Company but which has not been so publicly announced.

    

    (g) Litigation
      and Other Proceedings. There are no lawsuits or proceedings pending or to the
      best knowledge of the Company threatened, against the Company, nor has the
      Company received any written or oral notice of any such action, suit, proceeding
      or investigation, which would have a material adverse effect on the business,
      operations, properties, prospects or condition (financial or otherwise) of
      the
      Company. No judgment, order, writ, injunction or decree or award has been issued
      by or, so far as is known by the Company, requested of any court, arbitrator
      or
      governmental agency which would have a material adverse effect on the business,
      operations, properties, prospects or condition (financial or otherwise) of
      the
      Company.

    

    (h)
       Full
      Disclosure. No representation or warranty made to any Shareholder by the Company
      in this Agreement omits to state a material fact necessary to make the
      statements herein, in light of the circumstances in which they were made, not
      misleading. There is no fact known to the Company that has specific application
      to the Exchange
      Shares
      and that
      materially adversely affects or, as far as can be reasonably foreseen,
      materially threatens the Exchange
      Shares
      that has
      not been set forth in this Agreement or otherwise disclosed in the Parent’s
      publicly available reports and disclosures filed with the U.S. Securities and
      Exchange Commission.

    

    3.4 Representations
      and Warranties regarding NCCAC. As
      an
      inducement to the Company and the Parent to enter into this Agreement and to
      consummate the transactions contemplated herein, each of the Shareholders,
      jointly and severally, represent and warrant to the Company and the Parent
      as
      follows regarding matters pertaining to NCCAC, all of which are true and
      complete as of the date of this Agreement and as of the Closing, except to
      the
      extent set forth on a disclosure schedule attached hereto referencing the
      section and paragraph number of the provision herein corresponding to such
      exception:

    

    (a)
       Organization
      of NCCAC. NCCAC is a corporation duly organized and validly existing and in
      good
      standing under the laws of the state of Georgia, and has all requisite power
      and
      authority to own, lease and operate its properties and to carry on its business
      as now being conducted. NCCAC is duly qualified as a foreign corporation to
      do
      business and is in good standing in every jurisdiction in which the nature
      of
      the business conducted or property owned by it makes such qualification
      necessary, other than those in which the failure so to qualify would not have
      a
      material adverse effect on the business, operations, properties, prospects
      or
      condition (financial or otherwise) of NCCAC. NCCAC has, prior to the execution
      of this Agreement, delivered to the Company and the Parent true and complete
      copies of its (i) Certificate of Incorporation with all amendments thereto;
      and
      (ii) By-Laws, in each case as in effect on date of the Closing. NCCAC is not
      in
      default under or in violation of any provision of its Certificate of
      Incorporation or By-Laws

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    (b)
       Authority.
      (1) NCCAC has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement; (2) the execution and delivery
      of
      this Agreement by NCCAC and the consummation by it of the transactions
      contemplated hereby and thereby have been duly authorized by all necessary
      corporate action and no further consent or authorization of NCCAC or its Board
      of Directors or stockholders is required; and (3) this Agreement has been duly
      executed and delivered by NCCAC and constitutes a valid and binding obligation
      of NCCAC enforceable against NCCAC in accordance with its terms, except as
      such
      enforceability may be limited by applicable bankruptcy, insolvency, or similar
      laws relating to, or affecting generally the enforcement of, creditors' rights
      and remedies or by other equitable principles of general
      application.

    

    (c)
       Documents.
      NCCAC has not provided to the Company or the Parent any information that
      contained any untrue statement of a material fact or omitted to state a material
      fact required to be stated therein or necessary in order to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading. 

    

    (d)
       Issuances.
      The shares of NCCAC delivered hereto have been properly issued by NCCAC pursuant
      to applicable federal and state laws or exemption therefrom. When delivered
      as
      herein provided, the NCCAC Shares shall be duly authorized, validly issued,
      fully paid, and nonassessable. Neither the transfer of the NCCAC Shares pursuant
      to, nor the Company's or Parent’s performance of NCCAC obligations under, this
      Agreement shall (1) result in the creation or imposition of any liens, charges,
      claims or other encumbrances upon the NCCAC Shares or any of the assets of
      NCCAC, or (2) entitle the other holders of the NCCAC Shares to any rights to
      subscribe to or acquire any other NCCAC Shares or other securities of the
      Company or the Parent. The NCCAC Shares constitute all of the issued and all
      outstanding equity interests in NCCAC and there are no direct or indirect rights
      of any nature or kind issued or outstanding, contingent or otherwise, to acquire
      any NCCAC Shares, including, without limitation, no options, warrants or
      instruments convertible into NCCAC Shares.

    

    (e)
       No
      General Solicitation or Advertising in Regard to this Transaction. NCCAC, nor
      any of its affiliates nor any person acting on its or their behalf (1) has
      conducted or will conduct any general solicitation (as that term is used in
      Rule
      502(c) of Regulation D) or general advertising with respect to any of the NCCAC
      Shares, or (2) made any offers or sales of any security or solicited any offers
      to buy any security under any circumstances that would require registration
      of
      the NCCAC Shares under the Securities Act.

    

    (f)
       No
      Conflicts. Except as set forth on Exhibit I and Schedule 3.4(t), the execution,
      delivery and performance of this Agreement by NCCAC and the consummation by
      NCCAC of the transactions contemplated hereby, do not and will not (1) result
      in
      a violation of the Certificate of Incorporation or By-Laws of NCCAC, or (2)
      conflict with, or constitute a material default (or an event that with notice
      or
      lapse of time or both would become a material default) under, or give to others
      any rights of termination, amendment, acceleration or cancellation of, any
      one
      or more agreements that individually or in the aggregate are material,
      indenture, instrument or any "lock-up" or similar provision of any underwriting
      or similar agreement to which NCCAC is a party, or (3) result in a violation
      of
      any federal, state, local or foreign law, rule, regulation, order, judgment
      or
      decree (including federal and state securities laws and regulations) applicable
      to NCCAC or by which any property or asset of NCCAC is bound or affected
      (except, in the case of (2) and (3), for such conflicts, defaults, terminations,
      amendments, accelerations, cancellations and violations as would not,
      individually or in the aggregate, have a material adverse effect on the
      business, operations, properties, prospects or condition (financial or
      otherwise) of NCCAC or its ability to consummate the transaction contemplated
      hereby) nor is NCCAC otherwise in violation of, conflict with or in default
      under any of the foregoing. The business of NCCAC is not being conducted in
      violation of any law, ordinance or regulation of any governmental entity, except
      for possible violations that either singly or in the aggregate do not and will
      not have a material adverse effect on the business, operations, properties,
      prospects or condition (financial or otherwise) of NCCAC. 

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    (g)
       No
      Undisclosed Liabilities. NCCAC has no liabilities or obligations that are
      material, individually or in the aggregate, and that are not disclosed in (i)
      the financial statements described in Section 3.4(j) of this Agreement; (ii)
      the
      releases attached as Exhibit
      F
      hereto;
      or (iii) as disclosed on Schedule 3.4(g) of this Agreement, other than those
      incurred in the ordinary course of NCCAC’s business and which, individually or
      in the aggregate, are not material to NCCAC. The minute books and other records
      of NCCAC contain a true and complete record, in all material respects, of all
      action taken at all meetings and by all written consents in lieu of meetings
      of
      directors, members, shareholders, the management committee or boards of
      directors, subcommittees and committees of the boards of directors of NCCAC.
      

    

    (h)
       No
      Undisclosed Events or Circumstances. Except as set forth on Schedule 3.4(h),
      no
      event or circumstance has occurred or exists with respect to NCCAC or its
      business, properties, prospects, operations or financial condition, that, under
      applicable law, rule or regulation, would require public disclosure under the
      Securities Act and/or Exchange Act if NCCAC were subject to the reporting
      requirements of Sections 13 or 15 of the Exchange Act that has not been
      disclosed in writing to the Company or the Parent.

    

    (i) Litigation
      and Other Proceedings. Except as listed on Schedule
      3.4(i),
      there
      are no lawsuits or proceedings pending or, to the best knowledge of the
      Shareholders or NCCAC threatened, against NCCAC, nor has NCCAC received any
      written or oral notice of any such action, suit, proceeding or investigation,
      which would have a material adverse effect on the business, operations,
      properties, prospects or condition (financial or otherwise) of NCCAC. No
      judgment, order, writ, injunction or decree or award has been issued by or,
      so
      far as is known by the Shareholders or NCCAC, requested of any court, arbitrator
      or governmental agency which would have a material adverse effect on the
      business, operations, properties, prospects or condition (financial or
      otherwise) of NCCAC or its ability to consummate the transaction contemplated
      hereby.

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    (j) Validity
      of Financial Statements. The audited financial statements of NCCAC
      prepared
      by Rodefer Moss & Co, PLLC as of December 31, 2005, December 31, 2004 and
      December 31, 2003 are true and correct
      and have been prepared in accordance with generally accepted accounting
      principles applied on a consistent basis during the periods involved (except
      as
      may be otherwise indicated in such financial statements or the notes thereto)
      and fairly present in all material respects the financial position of NCCAC
      as
      of the dates thereof and the results of operations and cash flows for the
      periods then ended. The
      unaudited balance sheets and profit and loss statements for the six-month period
      ended June 30, 2006 and the months ended July 31, 2006 and August 31, 2006,
      which the Shareholders have delivered to the Company and the Parent fairly
      present in all material respects the financial position of NCCAC as of the
      dates
      thereof.

    

    (k) No
      Competing Interests.
      Except
      with respect to the ownership interest in the Parent following the Closing
      and
      except as disclosed on Schedule 3.4(k), each of the Shareholders
      hereby
      represents and warrants to the Parent and the Company that neither such
      Shareholder, nor any affiliate, has any ownership or other interest in any
      business or activity that competes or can reasonably be expected to compete,
      directly or indirectly, with any business of the Company following the Closing.
      Except as disclosed on Schedule 3.4(k), each of the Shareholders
      hereby
      represents and warrants to Purchaser that neither he, she or it nor any
      affiliate, has or shares, any ownership or similar interest in any asset or
      property (including any intellectual property) that is being (or has been in
      the
      past 12-month period) used in connection with the operation of the business
      of
      NCCAC.

    

    (l) Environmental,
      Health and Safety Matters. Except as set forth on Schedule 3.4(l):

    

    (i) NCCAC
      is
      in compliance in all material respects with all Environmental Laws applicable
      to
      its business.

    

    (ii) Neither
      Shareholders nor NCCAC has received any notice regarding any actual or alleged
      material violation of Environmental Laws including any investigatory, remedial
      or corrective obligations, arising under Environmental Laws.

    

    “Environmental
      Laws” means all Laws and rules of common law pertaining to the environment,
      health and safety, including the Comprehensive Environmental Response,
      Compensation and Liability Act of 1980 (42 U.S.C. § 9601 et seq.) (“CERCLA”),
      the Emergency Planning and Community Right to Know Act and the Superfund
      Amendments and Reauthorization Act of 1986, the Solid Waste Disposal Act (42
      U.S.C. § 6901 et seq.), the Resource Conservation and Recovery Act of 1976, the
      Hazardous and Solid Waste Amendments Act of 1984, the Clean Air Act (42 U.S.C.
§
7401 et seq.), the Clean Water Act (33 U.S.C. § 1251 et seq.), the Federal Water
      Pollution Control Act, the Toxic Substances Control Act (15 U.S.C. § 2601 et
      seq.), the Safe Drinking Water Act, the Occupational Safety and Health Act
      of
      1970 (42 U.S.C. § 11001 et seq.), the Oil Pollution Act of 1990, the Hazardous
      Materials Transportation Act (49 U.S.C. § 1801 et seq.), and any similar or
      analogous statutes, regulations and decisional law of any governmental
      authority, as each of the foregoing may have been amended or
      supplemented.

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    

    (m) Subsidiaries.
      NCCAC
      does
      not
      own or control, directly or indirectly, any corporation, partnership,
      association or business entity.

    

    (n) Absence
      of Certain Changes and Events. Except
      as
      set forth on Schedule 3.4(n), since
      the
      end of the period covered by the audited financial statements for the year
      ended
      December 31, 2005, the business of NCCAC
      has
      been
      conducted only in the ordinary course consistent with prior practice and
NCCAC
      has
      not:
      (a) transferred, leased or otherwise disposed of any of its assets or properties
      other than in the ordinary course of business; (b) waived, released or
      terminated any material rights, Claims, contracts or leases, as applicable;
      (c)
      suffered any material damage, destruction or loss, whether or not such damage,
      destruction or loss shall have been insured against; (d) suffered any material
      adverse change in the financial condition, properties or business; or (e) made
      or entered into any contract or commitment to make any capital expenditure
      in
      excess of $100,000. Except
      as
      set forth on Schedule 3.4(n), since
      August 31, 2006, there have not been any dividends or other distributions from
      NCCAC to any shareholder of NCCAC.

    

    (o) Assets
      and Rights. There are no facts or conditions affecting the assets and properties
      of NCCAC
      which
      could, individually or in the aggregate, interfere in any material respect
      with
      the use, occupancy, or operation thereof as currently used, occupied or
      operated, or their adequacy for such use. Except as set forth on Schedule
      3.4(o), NCCAC has good and marketable title to all assets and property owned
      by
      NCCAC, including, without limitation, all accounts receivable.

    

    (p) Taxes.

    

    (i)
      NCCAC
      has
      timely filed with the appropriate taxing authorities all tax returns required
      to
      have been filed by NCCAC
      on or
      before the Closing Date; each such tax return is true, correct and complete
      in
      all material respects; and all taxes of NCCAC
      that are
      required to have been paid on or before the Closing Date (whether or not shown
      on any tax return) have been timely paid in full.

    

    (ii)
      Except as set forth on Schedule 3.4(p), there is no action, suit, proceeding,
      investigation, audit, claim or assessment pending or, to the knowledge of the
      Shareholders, threatened with respect to NCCAC
      with
      respect to a liability for taxes or with respect to any tax return. No
      deficiency for any tax has been assessed with respect to NCCAC
      which
      has
      not been paid in full.

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

    (q) Transactions
      with Certain Persons. Except
      as
      set forth on Schedule 3.4(q), no
      officer, member, manager or employee of NCCAC,
      nor any
      member of any such person’s family owns any assets used in or relating to the
      business of NCCAC
      (other
      than incidental personal office items) or is presently a party to any material
      transaction with NCCAC,
      including, but not limited to, any contract, agreement or other arrangement
      (a)
      providing for the furnishing of services by, (b) providing for the rental of
      real or personal property from, or (c) otherwise requiring payments to (other
      than for services as employees, officers or managers of NCCAC)
      such
      person.

    

    (r)
       Employees.
      Except
      as
      set forth on Schedule 3.4(r), there are no pension,
      retirement, profit-sharing, thrift-savings, deferred compensation, share bonus,
      stock option, cash bonus, employee stock ownership (including investment credit
      or payroll stock ownership), severance pay, insurance, medical, vacation plan,
      or other employee benefit plans or any other commitments, arrangements, promises
      or understandings with any employee as to salary or bonus, if applicable.
NCCAC
      has
      complied in all material respects with all legal requirements relating to
      employment practices, terms and conditions of employment, equal employment
      opportunity, nondiscrimination, immigration, anti-harassment/retaliation and
      whistleblower retaliation protection, wages, hours, collective bargaining,
      the
      payment of social security and similar taxes and occupational safety and health
      requirements with respect to matters occurring on or before the Closing
      Date.

    

    (s) Material
      Contracts. Each
      contract which would or could reasonably be expected to result in a payment
      by
      NCCAC to any third party in excess of $100,000 is in full force and effect
      and
      constitutes a legal, valid and binding agreement, enforceable in accordance
      with
      its terms, of NCCAC and any other party thereto, and to the knowledge of
      Shareholders neither NCCAC nor, any other party to such contract is, nor has
      received notice that it is, in violation or breach of or default under any
      such
      contract (or with notice or lapse of time or both, would be in violation or
      breach of or default under any such contract).

    

    (t) Permits.
      (i) NCCAC owns or validly holds all permits required to own and lease assets
      and
      properties of NCCAC and to conduct the business as currently being conducted;
      (ii) each such permit is valid, binding and in full force and effect; and (iii)
      except as set forth on Schedule 3.4(t) NCCAC is not and has not received any
      notice that it is, in default (or with the giving of notice or lapse of time
      or
      both, would be in default) under any such permit and after giving effect to
      the
      transactions contemplated hereby the Company shall be fully able to continue
      and
      conduct business in the ordinary course as previously conducted by NCCAC,
      subject to registration requirements under applicable state laws which may
      be
      attended to in due course following the Closing.

    

    (u) Insurance.
      All liability, property, workers compensation, directors and officers liability
      and other insurance policies (including any self insurance programs, if any)
      currently in effect that insure the business of NCCAC or employees of NCCAC
      or
      affect or relate to the ownership, use or operation of any of the assets and
      properties of NCCAC (collectively, the “Insurance Policies”). Each of the
      Insurance Policies is valid and binding and in full force and effect, all
      premiums due thereunder have been paid when due and none of the Shareholders,
      NCCAC or the person to whom such policy has been issued has received any notice
      of cancellation or termination in respect of any such policy or is in default
      thereunder, and none of the Shareholders, NCCAC, or any person to whom such
      policy has been issued know of any reason or state of facts that could lead
      to
      the cancellation of the Insurance Policies. None of the Shareholders, NCCAC,
      or
      any person to whom such policy has been issued has failed to give any
      significant notice or present any significant claim under any of the Insurance
      Policies in due and timely fashion.

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

    (v) Employees.
      The Shareholders have provided the Company and the Parent with a complete and
      accurate list of all employees and sales persons currently employed or engaged
      by NCCAC, together with the position held by each such person, the amount of
      the
      annual compensation (separating base salary and other forms of compensation)
      of
      each such person. NCCAC has paid in full to such employees all wages,
      commissions, bonuses and other compensation for all services performed by them
      to date (other than amounts accrued since the end of the last pay period and
      bonuses accrued for the month of September) and NCCAC is not subject to any
      claim for non-payment or non-performance of any of the foregoing.

    

    (w) Accounts
      Receivable. The accounts receivable carried in NCCAC’s books and records,
      including all retail installment sale contracts for vehicles originated by
      NCI:
      (i) are valid; (ii) have arisen solely out of bona fide performance of services
      and other business transactions in the ordinary course of business consistent
      with past practice, in each case, with persons other than affiliates; (iii)
      are
      not subject to any prior lien and are not subject to valid defenses, set-offs
      or
      counterclaims, and there are no refunds, discounts or other adjustments payable
      in respect of such accounts receivable; and (iv) are collectable in accordance
      with their terms, subject to the historical bad debt expense incurred by
      NCCAC.

    

    (x) Bank
      Accounts; Signatories. Schedule 3.4(x) sets forth (i) a complete and accurate
      list of all signatories of any and all bank accounts of, for or in the name
      of,
      NCCAC and a list of all authorized signatories for each, and (ii) a list of
      all
      credit cards in the name of NCCAC that are used by the Shareholders or any
      of
      their affiliates or relatives.

    

    3.5 Indemnification.

    

    (a) The
      Shareholders shall jointly and severally indemnify and hold harmless the Company
      and the Parent and the officers, directors, agents, affiliates, representatives
      and the respective successors and assigns of the Company and the Parent from
      and
      against any and all damages, losses, liabilities, taxes and costs and expenses
      (including, without limitation, attorneys' fees and costs) resulting directly
      or
      indirectly from (i) any inaccuracy, misrepresentation, breach of warranty or
      non-fulfillment of any of the representations and warranties of the Shareholders
      in this Agreement, or any actions, omissions or statements of fact inconsistent
      with in any material respect any such representation or warranty, (ii) any
      failure by the Shareholders to perform or comply with any agreement, covenant
      or
      obligation in this Agreement.

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    

    (b) The
      Company and Parent shall jointly and severally indemnify and hold harmless
      NCCAC
      and the Shareholders’ and their respective agents, affiliates, representatives
      and respective successors and assigns from and against any and all damages,
      losses, liabilities, taxes and costs and expenses (including, without
      limitation, attorneys' fees and costs) resulting directly or indirectly from
      (i)
      any inaccuracy, misrepresentation, breach of warranty or non-fulfillment of
      any
      of the representations and warranties of the Company or Parent in this
      Agreement, or any actions, omissions or statements of fact inconsistent with
      in
      any material respect any such representation or warranty, (ii) any failure
      by
      the Company or Parent to perform or comply with any agreement, covenant or
      obligation in this Agreement.

    

    (c) Rules
      Regarding Indemnification.
      The
      obligations and liabilities of each party which may be subject to
      indemnification liability hereunder (the “indemnifying party”) to the other
      party (the “indemnified party”) shall be subject to the following terms and
      conditions:

     

    (i) Claims
      by
      Non-Parties. The indemnified party shall give written notice within a reasonably
      prompt period of time to the indemnifying party of any written claim by a third
      party which is likely to give rise to a claim by the indemnified party against
      the indemnifying party based on the indemnity agreements contained in this
      Section, stating the nature of said claim and the amount thereof, to the extent
      known. The indemnified party shall give notice to the indemnifying party that
      pursuant to the indemnity, the indemnified party is asserting against the
      indemnifying party a claim with respect to a potential loss from the third
      party
      claim, and such notice shall constitute the assertion of a claim for indemnity
      by the indemnified party. If, within thirty (30) days after receiving such
      notice, the indemnifying party advises the indemnified party that it will
      provide indemnification and assume the defense at its expense, then so long
      as
      such defense is being conducted, the indemnified party shall not settle or
      admit
      liability with respect to the claim and shall afford to the indemnifying party
      and defending counsel reasonable assistance in defending against the claim.
      If
      the indemnifying party assumes the defense, counsel shall be selected by such
      party and if the indemnified party then retains its own counsel, it shall do
      so
      at its own expense. If the indemnified party does not receive a written
      objection to the notice from the indemnifying party within thirty (30) days
      after the indemnifying party’s receipt of such notice, the claim for indemnity
      shall be conclusively presumed to have been assented to and approved, and in
      such case the indemnified party may control the defense of the matter or case
      and, at its sole discretion, settle or admit liability. If within the aforesaid
      thirty (30) day period the indemnified party shall have received written
      objection to a claim (which written objection shall briefly describe the basis
      of the objection to the claim or the amount thereof, all in good faith), then
      for a period of ten (10) days after receipt of such objection the parties shall
      attempt to settle the dispute as between the indemnified and indemnifying
      parties. 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (ii) Claims
      by
      a Party. The determination of a claim asserted by a party hereunder (other
      than
      as set forth in section (a) above) pursuant to this Section shall be made as
      follows: The indemnified party shall give written notice within a reasonably
      prompt period of time to the indemnifying party of any claim by the indemnified
      party which has not been made pursuant to subsection (a) above, stating the
      nature and basis of such claim and the amount thereof, to the extent known.
      The
      claim shall be deemed to have resulted in a determination in favor of the
      indemnified party and to have resulted in a liability of the indemnifying party
      in an amount equal to the amount of such claim estimated pursuant to this
      paragraph if within forty-five (45) days after the indemnifying party’s receipt
      of the claim the indemnified party shall not have received written objection
      to
      the claim. In such event, the claim shall be conclusively presumed to have
      been
      assented to and approved. If within the aforesaid forty-five (45) day period
      the
      indemnified party shall have received written objection to a claim (which
      written objection shall briefly describe the basis of the objection to the
      claim
      or the amount thereof, all in good faith), then for a period of sixty (60)
      days
      after receipt of such objection the parties shall attempt to settle the disputed
      claim as between the indemnified and indemnifying parties. 

     

    (iii) If
      the
      Closing occurs, no party shall have any liability (for indemnification or
      otherwise) with respect to any representation or warranty or any covenant or
      obligation to be performed or complied with prior to the Closing Date
      (other than representations with respect to taxes and any cases involving fraud)
      unless on or
      before
      May 31, 2009, the indemnified party notifies the indemnifying party of a claim
      specifying the factual basis of the claim as set forth in subparagraph (i)
      and
      (ii) of this Paragraph (c). 

     

    4. Stock
      Legend.

    

    Each
      certificate representing the Exchange Shares shall be stamped or otherwise
      imprinted with legends substantially in the following form (in addition to
      any
      legend required by applicable state securities or "blue sky" laws):

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE (THE "SECURITIES") HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY
      STATE
      SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT
      (1)(A) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER
      THE ACT (IF AVAILABLE) OR ANOTHER THEN AVAILABLE EXEMPTION UNDER THE ACT AND
      STATE SECURITIES LAWS, OR (B) IN A TRANSACTION THAT DOES NOT REQUIRE
      REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND WHEREIN MANCHESTER
      INC. SHALL HAVE RECEIVED AN OPINION OF COUNSEL THAT REGISTRATION OF SUCH
      SECURITIES UNDER THE ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
      LAWS IS NOT REQUIRED, OR (C) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS
      BEEN
      DECLARED EFFECTIVE UNDER THE ACT (AND WHICH CONTINUES TO BE EFFECTIVE AT THE
      TIME OF SUCH TRANSFER); AND (2) PRIOR TO ANY SUCH TRANSFER, IT WILL FURNISH
      TO
      MANCHESTER INC. AND THE TRANSFER AGENT FOR THE COMMON STOCK SUCH CERTIFICATIONS,
      LEGAL OPINIONS, OR OTHER INFORMATION AS MANCHESTER INC. OR SUCH TRANSFER AGENT
      MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT
      TO
      AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE ACT OR STATE SECURITIES LAWS; AND (3) IT WILL DELIVER TO
      EACH PERSON TO WHOM THE SECURITIES EVIDENCED HEREBY IS TRANSFERRED A NOTICE
      SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. FURTHERMORE, HEDGING TRANSACTIONS
      INVOLVING THE SECURITIES EVIDENCED HEREBY MAY NOT BE CONDUCTED UNLESS IN
      COMPLIANCE WITH THE ACT.

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    The
      Parent agrees to reissue certificates representing any of the Exchange Shares
      without the legend set forth above if at such time, prior to making any transfer
      of any such Exchange Shares, such holder thereof shall give written notice
      to
      the Parent describing the manner and terms of such transfer and removal as
      the
      Parent may reasonably request. Such proposed transfer and removal will not
      be
      effected until: (a) either (i) the Parent has received an opinion of counsel
      reasonably satisfactory to the Parent, to the effect that the registration
      of
      the Exchange Shares under the Securities
      Act
      is
      not required in connection with such proposed transfer; (ii) a registration
      statement under the Securities
      Act
      covering such proposed disposition has been filed by the Parent with the
      Commission and has become effective under the Securities
      Act;
      (iii) the Parent has received other evidence reasonably satisfactory to the
      Parent that such registration and qualification under the Securities
      Act
      and
      state securities laws are not required; or (iv) the holder provides the Parent
      with reasonable assurances that such security can be sold pursuant to Rule
      144
      under the Securities
      Act;
      and
      (b) either (i) the Parent has received an opinion of counsel reasonably
      satisfactory to the Parent, to the effect that registration or qualification
      under the securities or "blue sky" laws of any state is not required in
      connection with such proposed disposition; or (ii) compliance with applicable
      state securities or "blue sky" laws has been effected or a valid exemption
      exists with respect thereto. The Parent will respond to any such notice from
      a
      holder within five (5) business days. In the case of any proposed transfer
      under
      this section, the Parent will use reasonable efforts to comply with any such
      applicable state securities or "blue sky" laws, but shall in no event be
      required, (x) to qualify to do business in any state where it is not then
      qualified; (y) to take any action that would subject it to tax or to the general
      service of process in any state where it is not then subject; or (z) to comply
      with state securities or “blue sky” laws of any state for which registration by
      coordination is unavailable to the Parent. The restrictions on transfer
      contained in this section shall be in addition to, and not by way of limitation
      of, any other restrictions on transfer contained in any other section of this
      Agreement. Whenever
      a
      certificate representing the Exchange Shares is required to be issued to a
      purchaser without a legend, in lieu of delivering physical certificates
      representing the Exchange Shares, provided the Parent's transfer agent is
      participating in the Depository Trust Company ("DTC")
      Fast Automated Securities Transfer program, the Parent shall use its
      commercially reasonable efforts to cause its transfer agent to electronically
      transmit the Exchange Shares to a purchaser by crediting the account of such
      purchaser's Prime Broker with DTC through its Deposit Withdrawal Agent
      Commission ("DWAC") system (to the extent not inconsistent with any provisions
      of this Agreement).

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    5. Registration.

    

    (a) The
      Parent and the Shareholders agree that if at any time after the date hereof
      the
      Parent shall propose to file a registration statement with respect to any of
      its
      common stock on a form suitable for a secondary offering, it will give notice
      in
      writing to such effect to the Shareholders at least thirty (30) days prior
      to
      such filing, and, at the written request of the Shareholders, made within ten
      (10) days after the receipt of such notice, will include therein at the Parent's
      cost and expense (including the reasonable fees and expenses of one counsel
      to
      all such holder(s), but excluding underwriting discounts, commissions and filing
      fees attributable to the common stock included therein) such of the Exchange
      Shares as the Shareholders shall request; provided, however, that if the
      offering being registered by the Parent is underwritten and if the
      representative of the underwriters certifies in writing that the inclusion
      therein of the Exchange Shares would materially and adversely affect the sale
      of
      the securities to be sold by the Parent thereunder, then the Parent shall be
      required to include in the offering only that number of securities, including
      the Exchange Shares, which the underwriters determine in their sole discretion
      will not jeopardize the success of the offering (the securities so included
      to
      be apportioned pro rate among all selling holders of shares according to the
      total amount of securities entitled to be included therein owned by each selling
      holder of shares, but in no event shall the total amount of Exchange Shares
      included in the offering be less than the number of securities included in
      the
      offering by any other single selling holder of shares unless all of the Exchange
      Shares are included in the offering).

    

    (b) After
      the
      date hereof, the Parent shall not grant to any holder of securities of the
      Parent any registration rights which have a priority greater than those granted
      to Shareholders without the prior written consent of Shareholders.

    

    (c) The
      Parents obligations under Section
      5(a)
      above
      with respect to the Exchange Shares are expressly conditioned upon the
      Shareholders furnishing to the Parent in writing such information concerning
      the
      Shareholders as the Parent shall reasonably request for inclusion in the
      registration statement. If any registration statement including any of the
      Exchange Shares is filed, the Parent shall indemnify the Shareholders from
      any
      loss, claim, damage or liability arising out of, based upon or in any way
      relating to any untrue statement of a material fact contained in such
      registration statement or any omission to state therein a material fact required
      to be stated therein or necessary to make the statements therein not misleading,
      except for any such statement or omission based on information furnished in
      writing by the Shareholders expressly for use in connection with such
      registration statement; and the Shareholders shall indemnify the Parent (and
      each of its officers and directors who has signed such registration statement,
      each director, each person, if any, who controls the Parent within the meaning
      of the Securities Act, each underwriter for the Parent and each person, if
      any,
      who controls such underwriter within the meaning of the Securities Act) and
      each
      other such Shareholders against any loss, claim, damage or liability arising
      from any such statement or omission which was made in reliance upon information
      furnished in writing to the Parent by the Shareholders expressly for use in
      connection with such registration statement.

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    

    6. Rights
      of
      Co-Sale.

    

    (a) No
      officer or director of the Parent (each, a "Key Shareholder") shall enter into
      any private transaction that would result in the sale by it of any securities
      of
      the Parent now or hereafter owned by it, unless prior to such sale such Key
      Shareholder shall give written notice (the "Co-Sale Notice") to the Shareholders
      addressed and delivered as set forth in Section
      8(a)
      hereof,
      of its intention to effect such sale in order that the Shareholders may exercise
      its rights under this Section
      6
      as
      hereinafter described. Such notice shall set forth (i) the number of securities
      to be sold by such Key Shareholder, (ii) the principal terms of the sale,
      including the price at which the securities are intended to be sold, and (iii)
      an offer by such Key Shareholder to use its best efforts to cause to be included
      with the securities to be sold by its in the sale, on a securities-by-securities
      basis and on the same terms and conditions, the Exchange Shares issuable or
      issued to the Shareholders pursuant to this Agreement. For purposes of clarity,
      the foregoing provisions of this Section
      6
      shall
      not apply to any public market sales of securities, including, without
      limitation, any transactions executed within the scope of Rule 144.
      Notwithstanding the foregoing, this Section
      6
      shall
      not apply to any transfers by any Key Shareholder for estate planning purposes
      to: (i) a trust for the benefit of such Key Shareholder or the Key Shareholder's
      spouse or issue; or (ii) to a family partnership, limited liability company
      or
      similar entity of which the members are the foregoing persons.

    

    (b) If
      Shareholders have not accepted such offer in writing within a period of ten
      (10)
      days from the date of receipt of the Co-Sale Notice, the such Key Shareholder
      shall thereafter be free for a period of ninety (90) days to sell the number
      of
      securities specified in the Co-Sale Notice, at a price no greater than the
      price
      set forth in the Co-Sale Notice and on otherwise no more favorable terms to
      such
      Key Shareholder than as set forth in the Co-Sale Notice, without any further
      obligation to Shareholders in connection with such sale. In the event that
      such
      Key Shareholder fails to consummate such sale within such ninety (90) day
      period, the Shareholders specified in the Co-Sale Notice shall continue to
      be
      subject to this Section
      6.

    

    (c) If
      Shareholders accept such offering in writing within a ten (10) day period,
      then
      such acceptance shall be irrevocable unless Key Shareholder shall be unable
      to
      cause to be included in his sale the number of Exchange Shares held by
      Shareholders and set forth in the written acceptance. In the event, such Key
      Shareholder and Shareholders shall participate in the sale equally, with such
      Key Shareholder and Shareholders each selling half the number of such securities
      to be sold in the sale.

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    

    7. Preemptive
      Rights.

    

    (a) Subject
      to the terms and conditions contained in this Section
      7,
      the
      Parent hereby grants to Shareholders a right of first offer with respect to
      future sales of shares ("New Issues") by the Parent. Shareholders shall be
      entitled to purchase such number of shares in each New Issue that is determined
      by multiplying the total number of shares in each New Issue by a fraction,
      the
      numeration of which is the number of Exchange Shares and the denominator of
      which is the total number of shares then held by all holders of shares as a
      group on a fully diluted basis.

    

    (b) Each
      time
      the Parent proposes to offer shares or securities convertible into shares for
      sale, the Parent shall first make an offering of such securities to the
      Shareholders by delivering to Shareholders a notice ("Offering Notice") stating
      (i) its bona fide intention to offer such securities, (ii) the number of
      securities proposed to be offered, and (iii) the price and terms upon which
      it
      proposes to offer such securities.

    

    (c) Within
      fourteen (14) calendar days following the delivery of the Offering Notice,
      Shareholders may elect to purchase or obtain, at the price and upon the terms
      specified in the Offering Notice, that number of shares of the New Issue
      determined as provided in Section
      7(a),
      by
      written notice of acceptance ("Acceptance Notice") to the Parent.

    

    (d) The
      right
      of the first offer in this Section
      7
      shall
      not be applicable (a) to the issuance or sale of securities, or options
      therefor, pursuant to a bonus or option plan, or otherwise pursuant to the
      employment terms of an officer or employee, approved by the Parent's Board
      of
      Directors, or (b) to the issuance of securities in connection with a bona fide
      business acquisition of or by the Parent, whether by merger, consolidation,
      sale
      of assets, exchange of stock or otherwise.

     

    8. Taxes.
      

    

    (a) The
      parties acknowledge that NCCAC has elected to be treated as "S" Corporation
      under the provisions of Section
      1361
      of the
      Code with the result that the taxable income of NCCAC ("S Income") is taxed
      to
      the Shareholders for both federal and state income tax purposes. The
      Shareholders have computed that the sum of $1,577,785.00 is the aggregate
      estimated amount necessary to reimburse the Shareholders for all state and
      federal income taxes ("S Taxes") payable by the Shareholders with
      respect to NCI and NCCAC
      for the
      year ending December 31, 2005 and for the partial year ending as of the date
      of
      Closing by reason of the Shareholders reporting the S Income on their personal
      federal and state income tax returns ("Tax Amount"). At the Closing, the Parent
      and Company shall deliver to Shareholders the S Tax Taxes Reimbursement Note
      attached as Exhibit B hereto (the “S Tax Reimbursement Note”) in an amount equal
      to the Tax Amount. After the Shareholders have prepared their federal and state
      income tax returns for the years ending December 31, 2005 and for December
      31,
      2006, and the S Taxes attributable to the S Income are computed in accordance
      with the procedure set forth in subparagraph (b) of this Section 8, if the
      amount paid pursuant to the S Tax Reimbursement Note was not sufficient to
      fully
      reimburse the Shareholders for the total amount of the S Taxes, the Company
      shall make an additional distribution to the Shareholders in the amount of
      the
      deficiency: and if the amount paid pursuant to the S Tax Reimbursement Note
      was
      in excess of the actual S Taxes, the Shareholders shall reimburse the Company
      such excess amount. 

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    

    (b) For
      purposes of computing the amount of the S
      Taxes
      payable by the Shareholders, the Shareholders shall prepare their tax returns
      for the years ending December 31, 2005 and December 31, 2006 first with the
      inclusion of the S Income and next with the exclusion of the S Income and the
      difference of tax liabilities as shown on the respective returns shall be deemed
      to be the S Taxes.

    

    (c) In
      the
      event that the federal or state income tax returns for NCCAC for the years
      ending December 31, 2005 or December 31, 2006 are audited by the Internal
      Revenue Service or by any state revenue department and in the event adjustments
      are made on such tax returns by reason of such audits with the result that
      the
      Shareholders owe additional S Taxes, the Company covenants and agrees to
      promptly pay to the Shareholders an amount equal to the increase in the S Taxes.
      In the event the adjustments made on such tax returns by reason of such audits
      result in the S Taxes being reduced, the Shareholders covenant and agree to
      promptly refund to the Company funds in amount equal to the reduction in the
      S
      Taxes. 

    

    (d) The
      Company and NCCAC agree to make available to the Shareholders, upon request
      from
      the Shareholders, all books and records of the Company and NCCAC that the
      Shareholders may need in order to complete their December 31, 2005 and December
      31, 2006 federal and state income tax returns and or to respond to any inquiries
      from any governmental authority relating to the tax returns or the operations
      of
      NCCAC prior to the Closing.

    

    (e) Notwithstanding
      anything to the contrary herein, any and all such tax reimbursement obligations
      to the Shareholders on the part of the Company and NCCAC shall be reduced
      dollar-for-dollar to the same and full extent of any and all cash distributions
      and/or cash withdrawals made by any and all of the Shareholders with respect
      to
      the year ending December 31, 2005 and through the partial year ended for
      2006 through the Closing Date other than distributions made to the Shareholders
      as employees (both salary and bonus) or distributions made to the Shareholders
      as repayment of Shareholder loans to NCCAC.

    

    9. Broker.
      The parties acknowledge that H&H Associates ("Broker") is entitled to a
      brokerage commission/finder's fee as a result of the transactions contemplated
      by this Agreement, and upon the Closing, the Company and Parent hereby agree
      to
      pay to Broker the sum of One Hundred Twenty-five Thousand Dollars ($125,000.00)
      in cash and Parent agrees to distribute to Broker that number of shares of
      the
      Parent's common stock which shall be equal to $125,000 as determined by
      reference to the Exchange Shares Stock Price; provided that the Broker confirms
      in writing that the Broker is an accredited investor, as that term is defined
      in
      Rules and Regulations of the Securities Act by reason of Rule 501(a)(3) and
      Broker completes such investment questionnaires and other written documentation
      as is reasonably requested by the Parent.

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    

    10.
       Miscellaneous.

    

    (a)
       Notices.
      All notices or other communications required or permitted hereunder shall be
      in
      writing. Any notice, request, demand, claim or other communication hereunder
      shall be deemed duly given (i) if by personal delivery, when so delivered;
      (ii)
      if mailed, three (3) business days after having been sent by registered or
      certified mail, return receipt requested, postage prepaid and addressed to
      the
      intended recipient as set forth below; or (iii) if sent through an overnight
      delivery service in circumstances to which such service guarantees next day
      delivery, the day following being so sent to the address of the intended
      recipient as first set forth above. Any party may change the address to which
      notices and other communications hereunder are to be delivered by giving the
      other parties notice in the manner herein set forth.

     

    
      
        	 	Notice Address of
                Parent:	 	Manchester, Inc.
	 	 	 	100 Crescent Court,
                7th
                Floor
	 	 	 	Dallas,
                Texas 75201
	 	 	 	Attn:
                 Richard
                D. Gaines 
	 	 	 	
                   
                  Corporate Secretary

              
	 	 	 	 
	 	Notice
                Address of Company: 	 	Nice Cars Acceptance
                Acquisition Corp.
	 	 	 	100
                Crescent Court, 7th
                Floor
	 	 	 	Dallas,
                Texas 75201
	 	 	 	Attn: Richard
                D. Gaines
	 	 	 	
                  
                  Corporate Secretary

              
	 	 	 	 
	 	Notice Address of
                NCCAC:	 	Nice
                Cars Capital Acceptance Corporation
	 	 	 	990
                Battlefield Parkway
	 	 	 	Fort
                Oglethorpe, Georgia 30742
	 	 	 	Attn:
                Ray Lyle
	 	 	 	 
	 	Notice Address of
                Shareholders:	 	Ray
                Lyle and Victoria Lyle
	 	 	 	1600
                Cannon Drive
	 	 	 	Fort
                Oglethorpe, Georgia 30742

      

    

     

    (b)
       Choice
      of
      Law. This Agreement shall be governed, construed and enforced in accordance
      with
      the laws of the State of New York and the federal laws of United States
      applicable therein, without giving effect to principles of conflicts of
      law.

    

    (c)
       Jurisdiction.
      The parties hereby irrevocably consent to the in personam jurisdiction of the
      state or federal courts located in the State of New York, in connection with
      any
      action or proceeding arising out of or relating to this Agreement or the
      transactions and the relationships established thereunder. The parties hereby
      agree that such courts shall be the venue and exclusive and proper forum in
      which to adjudicate such matters and that they will not contest or challenge
      the
      jurisdiction or venue of these courts.

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    

    (d)
       Entire
      Agreement. This Agreement sets forth the entire agreement and understanding
      of
      the parties in respect of the transactions contemplated hereby and supersedes
      all prior and contemporaneous agreements, arrangements and understandings of
      the
      parties relating to the subject matter hereof. No representation, promise,
      inducement, waiver of rights, agreement or statement of intention has been
      made
      by any of the parties which is not expressly embodied in this Agreement, such
      other agreements, notes or instruments related to this transaction executed
      simultaneously herewith, or the written statements, certificates, schedules
      or
      other documents delivered pursuant to this Agreement or in connection with
      the
      transactions contemplated hereby.

    

    (e)
       Assignment.
      Each party's rights and obligations under this Agreement shall not be assigned
      or delegated, by operation of law or otherwise, without the other party's prior
      consent, and any such assignment or attempted assignment shall be void, of
      no
      force or effect, and shall constitute a material default by such
      party.

    

    (f)
       Amendments.
      This Agreement may be amended, modified, superseded or cancelled, and any of
      the
      terms, covenants, representations, warranties or conditions hereof may be
      waived, only by a written instrument executed by each party, in the case of
      a
      waiver, by the party waiving compliance.

    

    (g)
       Waivers.
      The failure of any party at any time or times to require performance of any
      provision hereof shall in no manner affect the right at a later time to enforce
      the same. No waiver by any party of any condition, or the breach of any term,
      covenant, representation or warranty contained in this Agreement, whether by
      conduct or otherwise, in any one or more instances shall be deemed to be or
      construed as a further or continuing waiver of any such condition or breach
      or a
      waiver of any other term, covenant, representation or warranty of this
      Agreement.

    

    (h) Further
      Assurances. The parties shall from time to time do and perform such additional
      acts and execute and deliver such additional documents and instruments as may
      be
      required or reasonably requested by any party to establish, maintain or protect
      its rights and remedies or to effect the purposes of this Agreement. The
      Shareholders will assist the Company and the Parent, in each case at no cost
      to
      Shareholders, to obtain all necessary permits that require registration of
      the
      business of NCCAC as conducted immediately prior to the Closing in respect
      of
      continuation of such ordinary course of business following the Closing.

    

    (i) Counterparts;
      Interpretation.  This Agreement may be executed in any number of
      counterparts, each of which shall be deemed an original, and all of which shall
      constitute one and the same instrument.  All references to “material” or
“materiality” herein shall refer to matters, understandings, agreements,
      actions, courses of dealing, courses of operations, or events, which
      individually or in the aggregate exceed $200,000. All references to “knowledge”
means those facts or circumstances actually known after due inquiry.  No
      ambiguity in any provision hereof shall be construed against parties by reason
      of the fact it was drafted by such party or its counsel. References to
“including” means including without limiting the generality of any description
      preceding such term.  Nothing expressed or implied in this Agreement is
      intended, or shall be construed, to confer upon or give any person other than
      the parties any rights or remedies under or by reason of this Agreement.

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    

    (j) Acceptance
      by Fax.
      This
      Agreement shall be accepted, effective and binding, for all purposes, when
      the
      parties shall have signed and transmitted to each other, by telecopier or
      otherwise, copies of the signature pages hereto.

    

    (k) Binding
      Effect; Benefits.
      This
      Agreement shall inure to the benefit of, and be binding upon, the parties hereto
      and their respective heirs, legal representatives, successors and permitted
      assigns. Nothing in this Agreement, express or implied, is intended to or shall
      confer upon any person other than the parties hereto, and their respective
      heirs, legal representatives, successors and permitted assigns, any rights,
      remedies, obligations or liabilities under, in connection with or by reason
      of
      this Agreement.

    

    (l) Reporting.
      The Shareholders
      and
      NCCAC acknowledge that the Parent is a public Company subject to U.S. Federal
      securities laws. The Shareholders
      and
      NCCAC acknowledge that they will not engage in any trading in the Parent’s
      securities until after public announcement of the acquisition in form and date
      to be mutually agreed upon by the Shareholders
      and the
      Parent. The Shareholders furthermore agree to use commercially reasonable
      efforts to promptly comply and assist the Parent with any and all requests
      for
      information as necessary to comply with the Parent’s filing requirements with
      the U.S. Securities and Exchange Commission and the Parent’s public reporting
      obligations.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have duly executed this Agreement on the
      date first set forth above.

     

    
      	 	 	 
	 	
              MANCHESTER
                INC.

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Richard Gaines

            
	 	
              

              Name: Richard
                Gaines

            
	 	
              Title: 
                 Corporate
                Secretary

            

      	 	 	 
	 	
              NICE
                CARS ACCEPTANCE ACQUISITIONCO, INC.

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Richard Gaines

            
	 	
              

              Name: Richard
                Gaines

            
	 	
              Title: Corporate
                Secretary

            

    

     

      	 	 	 
	 	
              NICE
                CARS CAPITAL ACCEPTANCE CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Ray
              Lyle
	 	
              

              Name: Ray
                Lyle

            
	 	
              Title:  
                President

            

    

     

    
      	 	 	 
	 	
              SHAREHOLDERS
                OF NICE
                CARS CAPITAL 

              ACCEPTANCE
                CORPORATION

            
	 
 	 
 	 
 
	
            	
            	/s/
              Ray
              Lyle
	 	
              

              Ray
                Lyle

            
	 	
            

    

     

    
      	 	 	 
	
            	
            	/s/
              Victoria Lyle
	 	
              

              Victoria
                Lyle

            
	 	
            

    

     

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

     

    
      INDEX
        TO
        EXHIBITS AND SCHEDULES

      

      

      

      EXHIBIT
        A PURCHASE
        NOTE

      

      EXHIBIT
        B S
        TAX
        REIMBURSEMENT NOTE

      

      EXHIBIT
        C SHAREHOLDER
        NOTE

      

      EXHIBIT
        D [INTENTIONALLY
        OMITTED]

      

      EXHIBIT
        E LIST
        OF
        AMOUNTS TO BE PAID TO SHAREHOLDERS AT CLOSING

      

      EXHIBIT
        F LIST
        OF
        RELEASES / CONSENTS / TERMINATIONS NEEDED AT CLOSING

      

      EXHIBIT
        G WUERSCH
        & GERING, LLP
        -
        OPINION LETTER

      

      EXHIBIT
        H CHAMBLISS,
        BAHNER & STOPHEL, P.C. - OPINION LETTER

      

      EXHIBIT
        I CONFLICTS

      

      EXHIBIT
        J REQUIRED
        CONSENT

      

      EXHIBIT
        K [INTENTIONALLY
        OMITTED] 

      

      SCHEDULE
        3.4(G) LIABILITIES
        AND OBLIGATIONS

      

      SCHEDULE
        3.4(H) NO
        UNDISCLOSED EVENTS OR CIRCUMSTANCES

      

      SCHEDULE
        3.4(I) LITIGATION
        AND OTHER PROCEEDINGS

      

      SCHEDULE
        3.4(K) COMPETING
        INTERESTS

      

      SCHEDULE
        3.4(L) ENVIRONMENTAL
        MATTERS

      

      SCHEDULE
        3.4(N) ABSENCE
        OF CERTAIN CHANGES AND EVENTS

      

      SCHEDULE
        3.4(O) ASSETS
        AND RIGHTS

      

      SCHEDULE
        3.4(P) TAXES

      

      SCHEDULE
        3.4(Q) TRANSACTION
        WITH CERTAIN PERSONS

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        3.4(R) EMPLOYEE
        PLANS

      

      SCHEDULE
        3.4(T) PERMITS

      

      SCHEDULE
        3.4(X) BANK
        ACCOUNTS AND CREDIT CARDS

      

      ANNEX
        A
PLAN
        AND
        AGREEMENT OF MERGER OF FOREIGN CORPORATION INTO DELAWARE
        CORPORATION

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        A

      

      

      

      PURCHASE
        NOTE

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        B

      

      

      

      S
        TAX
        REIMBURSEMENT NOTE

      

      

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      EXHIBIT
        C

      

      

      

      SHAREHOLDER
        NOTE

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        D

      

      

      

      [INTENTIONALLY
        OMITTED]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        E

      

      

      

      LIST
        OF
        AMOUNTS TO BE 

      PAID
        TO
        SHAREHOLDERS AT CLOSING

      

      

      

      1. Raymond
        A. Lyle and Victoria E. Lyle - $627,542.77

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        F

      

      

      

      LIST
        OF
        RELEASES / CONSENTS / TERMINATIONS

      NEEDED
        AT
        CLOSING

      

      

      

      1. Gateway
        Bank and Trust Company - Account No. [ * ]

      

      
        
          (a) 
            Loan
            in
            the name of Nice Cars, Inc. and personally guaranteed by
            Raymond A. Lyle, Sr.

        

      

      (b) Line
        of
        Credit in the amount of [ * ]

      
        
          (c) 
            Current
            Balance - [ * ] paid at Closing.

        

      

      

      2. New
        South
        Federal Savings Bank - Account No. [ * ]

      

      
        
          (a) 
            Loan
            in
            the name of Nice Cars, Inc. and personally guaranteed by
            Raymond A. Lyle, Sr.

        

      

      (b) Floor
        Plan Arrangement in the amount of [ * ]

      (c) Current
        Balance - $0

      

      3. Leedom
        Financial Services, Inc. 

      

      (a) Commitment
        to participate in installment contracts

      (b) Dated
        01/13/05

      
        
          (c) 
            Approximate
            balance (09/25/05) - [ * ] - does not include interest rebate or any
            prepayment
            penalties - per diem - [ * ]

        

      

      
        
          (d) 
            Financial
            Covenant (Section 12.6.18) "the control and ownership of the Seller (NCCAC)
            and
            Dealer (Nice Cars) shall remain unchanged"

        

      

      
        
          (e) 
            Additional
            Covenant (Section 15.2) "neither Dealer nor Seller may consolidate with
            or merge
            into any corporation or other entity or transfer its property substantially
            as
            an entirety to any person unless the successor party unless" the surviving
            entity agrees to be bound by the Leedom financial
            documents.

        

      

      
        
          (f) 
            Prepayment
            penalty (Section 19.1) - [ * ] percent [ * ]% of Commitment Amount -
            not the
            amount outstanding. Original Commitment Amount per document was [ * ]
            and per
            memo from Ray Lyle to Marvin Keith dated 12/13/05, Commitment Amount
            had been
            increased to [ * ].

        

      

      

      4. Larry
        Martin - Lease

      

      (a) Lease
        in
        the name of Ray Lyle d/b/a Nice Cars

      (b) Location
        - Rome

      (c) Date
        of
        Lease 10/03/02 as amended by Lease Amendment dated 08/25/04

      (d) Term
        of
        Lease expires 10/31/10

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      

      5. Larry
        Martin - Lease

      

      (a) Lease
        in
        the name of Ray Lyle d/b/a Nice Cars

      (b) Location
        - New Fort Oglethorpe lot

      (c) Date
        of
        Lease 03/16/04

      (d) Term
        of
        Lease expires 06/30/11 with two (2) five (5) year options

      (e) Rent
        $[ *
        ] per month for the first 4 years, $[ * ] per month the last 3
        years

      (f) No
        assignment or subletting without prior written consent of Lessor

      

      6. DH
        Howard
        Estate - Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        - Dalton

      (c) Date
        of
        Lease 07/23/03

      (d) Term
        of
        Lease expires 07/31/08

      (e) Rent
        $[ *
        ] per month - Annual CPI adjustment 

      (f) No
        assignment or subletting without prior consent of Lessor

      (g) Signed
        individually by Ray Lyle

      

      7. RN
        Blevins - Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        - Hixson

      (c) Date
        of
        Lease 07/30/02 as amended by Amendment to Lease dated 08/14/04

      
        
          (d) 
            Term
            of
            Lease expires 07/31/07 with one (1) five (5) year option (rent increases
            to $[ *
            ] per month)

        

      

      (e) Rent
        $[ *
        ] per month + payment of increase in taxes

      (f) No
        assignment of subletting without consent of Lessor

      (g) Personal
        guaranty of Ray Lyle

      

      8. Village
        Developers - Lease

      

      (a) Lease
        in
        the name of Ray Lyle for Nice Cars, Inc.

      (b) Location
        - Corporate Headquarters

      (c) Date
        of
        Lease 01/02/05

      
        
          (d) 
            Term
            of
            Lease expires 01/31/08 with one (1) three (3) year option (rent increase
            to $[ *
            ] per month)

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9. Acuff
        Group, LLC - Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        - Kimball

      (c) Date
        of
        Lease 06/01/03

      (d) Term
        of
        Lease expires 05/31/05 with five (5) one (1) year option

      (e) Rent
        $[ *
        ] per month

      
        
          (f) 
            Sublease
            to Phillip Patrick effective 08/01/05 at $[ * ] per year annual rent
            - sublease
            specifically does not release Nice Cars, Inc. from its lease
            obligation

        

      

      
        
          (g) 
            No
            record
            of personal guaranty

        

      

      

      10. TNHJ
        Properties - Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        5701 - 5703 Ringgold Road

      (c) Date
        of
        Lease 12/18/03

      
        
          (d) 
            Term
            of
            Lease expires 12/31/09 with three (3) five (5) year options (rent increasing
            during each renewal option)

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      (g) Personal
        Guaranty of Ray Lyle

      

      11. Harmon
        -
        Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        - Storage lot / Lakeview Drive

      (c) Date
        of
        Lease 03/01/04

      
        
          (d) 
            Term
            of
            Lease expires 02/28/05 with five (5) one (1) year
            options

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      (g) No
        record
        of personal guaranty

      

      12. Adams
        -
        Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        1421 Lafayette Road, Rossville, Georgia

      (c) Date
        of
        Lease 05/22/01

      
        
          (d) 
            Term
            of
            Lease expires 06/01/06

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without prior written consent of Lessor

      (g) No
        record
        of personal guaranty

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      13. Davis
        -
        Lease

      

      (a) Lease
        in
        the name of Nice Cars, Inc.

      (b) Location
        - Fort Oglethorpe

      (c) Date
        of
        Lease 06/01/01

      
        
          (d) 
            Term
            of
            Lease expires 05/31/06

        

      

      (e) Rent
        $[ *
        ] per month

      (f) Illegible

      (g) No
        record
        of personal guaranty

      

      14. Danneman
        Sublease - Land:

      

      (a) Lease
        in
        the name of Nice Cars, Inc. and Nice Cars Capital Acceptance
        Corporation

      (b) Location
        - Marietta, Georgia

      (c) Date
        of
        lease - July 11, 2006

      (d) Term
        of
        lease expires July 31, 2010 - One 36 month option

      (e) Rent
        - $[
        * ] per month

      (f) Subject
        to terms of original lease, original lease not attached to sublease

      (g) No
        record
        of personal guaranty

      

      15. Danneman
        Sublease - Building:

      

      (a) Lease
        in
        the name of Nice Cars, Inc. and Nice Cars Capital Acceptance
        Corporation

      (b) Location
        - Marietta, Georgia

      (c) Date
        of
        lease - July 7, 2006

      (d) Term
        of
        lease - month to month until sublessee gives sublessor 30 days notice of
        termination

      (e) Rent
        - $[
        * ] per month

      (f) Subject
        to terms of original lease, original lease not attached to sublease

      (g) No
        record
        of personal guaranty

      

      16. ADT
        Automotive - Baltimore / Washington Auto Exchange

      

      (a) Personal
        Guaranty of Ray Lyle dated 10/12/98

      (b) Guarantee
        of financial obligations and odometer disclosure statements

      (c) Current
        obligation per Ray Lyle - $0

      

      17. Bel
        Air
        Auto Auction

      

      (a) Personal
        Guaranty of Ray Lyle dated 05/27/98

      (b) Guarantee
        of financial obligations and Guarantee's title to each vehicle

      (c) Current
        obligation per Ray Lyle - $0

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      18. ABC
        -
        REDTOP Auto Auction

      

      (a) Personal
        Guaranty of Ray Lyle dated 12/16/05

      
        
          (b) 
            Guarantee
            of financial obligations and completeness and accuracy of each odometer
            disclosure statement

        

      

      (c) Current
        obligation per Ray Lyle - $0

      

      19. PADE
        -
        Pennsylvania Auto Dealers Exchange, Inc.

      

      (a) Authorization
        to Buy and Sell at PADE

      (b) Authorization
        and Disclaimer

      
        
          (c) 
            "Dealership
            agrees to provide to subscribing auto auction and/or auction access on
            a timely
            basis any significant changes relative to their business including to
            but not
            limited to information regarding licensees, banks and dealer
            representatives"

        

      

      
        
          (d) 
            Current
            obligation per Ray Lyle - $0

        

      

      

      20. Wells
        Fargo Financial - Account No. [ * ]

      

      (a) Equipment
        Lease for surveillance equipment

      (b) Lease
        dated 12/03/03

      (c) Payments
        - 60 monthly payments of $1,315 per month

      (d) Assignment
        provision - Nice Cars has "no right to sell, transfer, assign or sublease
        the
        equipment or this Lease"

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        G

      

       

      WUERSCH
        & GERING, LLP
        -
        OPINION LETTER

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        H

      

       

      CHAMBLISS,
        BAHNER & STOPHEL, P.C. - OPINION LETTER

      

      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      EXHIBIT
        I

       

      CONFLICTS

      

      1. All
        items
        listed on Exhibit F to this Share Purchase and Exchange Agreement.

      

      2. All
        items
        listed on Schedule 3.4(t) to this Share Purchase and Exchange
        Agreement.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        J

       

      REQUIRED
        CONSENT

      

      1. All
        items
        listed on Exhibit F to this Share Purchase and Exchange Agreement.

      

      2. All
        items
        listed on Schedule 3.4(t) to this Share Purchase and Exchange
        Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        K

       

      [INTENTIONALLY
        OMITTED]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(g)

      

      LIABILITIES
        AND OBLIGATIONS

      

      
        	
                1.

              	
                All
                  items listed on Exhibit F to the Share Purchase and Exchange
                  Agreement.

              

      

      

      
        	
                2.

              	
                Nice
                  Cars, Inc. and Nice Cars Capital Acceptance Corporation are subject
                  to a
                  pending audit by the Internal Revenue Service ("IRS") for the years
                  2002,
                  2003 and 2004. During the process of the audit, the IRS raised
                  an issue of
                  the amount of discount Nice Cars, Inc. takes at the time it sells
                  the
                  customers' financing packages to Nice Cars Capital Acceptance Corporation.
                  At one time, the IRS indicated that it was going to be the IRS's
                  position
                  that the discount should be deferred and not taken by Nice Cars,
                  Inc.
                  until such time as Nice Cars Capital Acceptance Corporation had
                  incurred
                  an actual loss on each customer's financial package. If the IRS
                  were to
                  prevail in its position that the discount be deferred, this would
                  have a
                  negative impact on Nice Cars, Inc. and Nice Cars Capital Acceptance
                  Corporation because this would cause Nice Cars, Inc. to record
                  a higher
                  net income in the year the customer's financial package is sold
                  to Nice
                  Cars Capital Acceptance Corporation. However, the IRS revenue agent
                  has
                  now orally advised the certified public accountant for Nice Cars,
                  Inc. and
                  Nice Cars Capital Acceptance Corporation that the IRS will not
                  raise the
                  issue of the deferral of the discount in the current audit for
                  years 2002,
                  2003 and 2004, and instead the IRS is agreeing to allow a [ * ]
                  percent [
                  * ]% discount. Until receipt of the revenue agent's report for
                  the audit
                  period 2002, 2003 and 2004, there can be no assurance that the
                  IRS will
                  not be raised the issue of the deferral of the discount. Also,
                  there can
                  be no assurance that the deferral of the discount will not be raised
                  in
                  audits of future years by the IRS.

              

      

      

      
        	
                3.

              	
                Estimated
                  Tennessee franchise and excise taxes for the period from
                  January 1, 2006 through the date of
                  closing

              

      

      

      
        	 	
                (a)

              	
                Nice
                  Cars, Inc. [ * ]

              

      

      
        	 	
                (b)

              	
                Nice
                  Cars, Capital Acceptance Corporation [ *
                  ]

              

      

      

      
        	
                4.

              	
                Estimated
                  Georgia income taxes for the period from January 1, 2006 through
                  the date of closing

              

      

      

      
        	 	
                (a)

              	
                Nice
                  Cars, Inc. [ * ]

              

      

      
        	 	
                (b)

              	
                Nice
                  Cars, Capital Acceptance Corporation [ *
                  ]

              

      

      

      
        	
                5.

              	
                Estimated
                  tax distribution due Ray and Victoria Lyle for the year ending
                  December 31, 2005 for the S-Corporation income taxable to Ray
                  and Victoria Lyle. 

              

      

      

      
        	 	
                (a)

              	
                Nice
                  Cars, Inc. [ * ]

              

      

      
        	 	
                (b)

              	
                Nice
                  Cars, Capital Acceptance Corporation [ *
                  ]

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                6.

              	
                Estimated
                  tax reimbursement due Ray and Victoria Lyle for the period from
                  January 1, 2006 through the date of closing for the
                  S-Corporation income taxable to Ray and Victoria Lyle.
                  

              

      

      

      
        	 	
                (a)

              	
                Nice
                  Cars, Inc. [ * ]

              

      

      
        	 	
                (b)

              	
                Nice
                  Cars, Capital Acceptance Corporation [ *
                  ]

              

      

      

      
        	
                7.

              	
                Any
                  amounts or accruals due under any of the Employee Plans described
                  on
                  Schedule 3.4(r)

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Schedule
        3.4(h)

      

      No
        Undisclosed Events or Circumstances

      

      1. Nice
        Cars, Inc. and Nice Cars Capital Acceptance Corporation are subject to a
        pending
        audit by the Internal Revenue Service ("IRS") for the years 2002, 2003 and
        2004.
        During the process of the audit, the IRS raised an issue of the amount of
        discount Nice Cars, Inc. takes at the time it sells the customers' financing
        packages to Nice Cars Capital Acceptance Corporation. At one time, the IRS
        indicated that it was going to be the IRS's position that the discount should
        be
        deferred and not taken by Nice Cars, Inc. until such time as Nice Cars Capital
        Acceptance Corporation had incurred an actual loss on each customer's financial
        package. If the IRS were to prevail in its position that the discount be
        deferred, this would have a negative impact on Nice Cars, Inc. and Nice Cars
        Capital Acceptance Corporation because this would cause Nice Cars, Inc. to
        record a higher net income in the year the customer's financial package is
        sold
        to Nice Cars Capital Acceptance Corporation. However, the IRS revenue agent
        has
        now orally advised the certified public accountant for Nice Cars, Inc. and
        Nice
        Cars Capital Acceptance Corporation that the IRS will not raise the issue
        of the
        deferral of the discount in the current audit for years 2002, 2003 and 2004,
        and
        instead the IRS is agreeing to allow a [ * ] percent [ * ]% discount. Until
        receipt of the revenue agent's report for the audit period 2002, 2003 and
        2004,
        there can be no assurance that the IRS will not be raised the issue of the
        deferral of the discount. Also, there can be no assurance that the deferral
        of
        the discount will not be raised in audits of future years by the
        IRS.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Schedule
        3.4(i)

      

      Litigation
        and Other Proceedings

       

      1. Ms.
        Lisa
        Henson made a request for arbitration in a letter dated December 28, 2005.
        In
        that letter, she asserted damages in excess of $250,000. Ms. Henson's claim
        relates to allegations that Nice Cars failed to comply with warranties in
        connection with the sale of a used car, which car has been repossessed by
        Nice
        Cars. Management of Nice Cars believe that Ms. Henson's claim is without
        merit
        and, even to the extent if she were successful, the damages sought are in
        excess
        of what she could reasonably be expected to recover. Ms. Henson has verbally
        agreed to settle her claim if Nice Cars agrees not to sue her or provide
        a
        negative report to any credit reporting agency. Counsel for Nice Cars sent
        Ms.
        Henson a mutual release and settlement agreement for her to sign to resolve
        this
        matter, but Nice Cars never received a signed copy from Ms. Henson.

      

      2. As
        of
        August 31, 2006, Nice Cars is a creditor in 496 bankruptcies. As a part of
        Nice
        Cars' ordinary business practices, it is usually paid through a bankruptcy
        plan
        determined by the Bankruptcy Trustee at a reduced interest rate or the
        underlying car will be returned back to it.

      

      3. Mr.
        Terrance Brown informed Nice Cars via letter of a potential claim involving
        an
        accident where he allegedly fell on the Nice Cars premises. To date, no further
        action has been taken by Mr. Brown in this matter and Nice Cars management
        believes the matter is complete.

      

      4. In
        the
        ordinary course of business, authorities for the State of Tennessee may take
        possession of a vehicle from a Nice Cars' customer in connection with the
        arrest
        of such customer. When this occurs, Nice Cars will send notice to the Tennessee
        Department of Safety-Legal Division reflecting its legal interest in such
        cars.
        In the ordinary course of business, the cars will either be returned to Nice
        Cars or Nice Cars will be paid as a creditor in the event of the disposal
        of
        such cars by the State. Currently, there are approximately five (5) cars
        that
        are in the possession of the Tennessee Department of Safety.

      

      5. Ms.
        Grace
        Connally has filed a claim against Nice Cars for a breach of contract. The
        claim
        is pending in Catoosa County Magistrate Court. Nice Cars would estimate that
        any
        potential liability would not exceed $2,500.

      

      6. Mr.
        Joshua Howard has filed a claim against Nice Cars for breach of contract
        based
        on Nice Cars' repossession of vehicle. Magistrate Court ruled in favor of
        Howard, but he case was appealed to Superior Court of Catoosa County. The
        claim
        is for approximately $1,000. 

      

      7. Ms.
        Rachel Hodges has filed a claim against Nice Cars for breach of contract.
        Mr.
        Hodges was awarded a default judgment in Hamilton County General Sessions
        Court.
        This case has been appealed to Circuit Court. This case involves a claim
        of
        about $10,000. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      8. Nice
        Cars
        is involved in a lien dispute involving a car purchased by April Bowling.
        This
        case was originally in Catoosa County Magistrate Court. It involves competing
        lien claims. The Magistrate Court ruled in favor of the mechanic in the amount
        of $1,960.00, and the case has been appealed to Catoosa Superior Court.

      

      9. Ms.
        Nina
        Nicole Fleming brought suit against Nice Cars in Hamilton County Sessions
        Court.
        However, a civil warrant was never served on Nice Cars. There have been no
        material developments in the case since that time. As of the current date,
        Nice
        Cars still has not been served with process in connection with this
        matter.

      

      10. On
        May
        25, 2006, Providence Washington sued Nice Cars alleging breach of contract
        by
        Nice Cars for failure to pay an adjusted premium. The parties have agreed
        to
        settle this suit for $16,000 and expect the suit to be dismissed once the
        release is executed and the settlement paid. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(k)

      

      Competing
        Interests

      

      The
        Shareholders have an ownership or similar interest in the following assets
        used
        in connection with the operation of the Business of NCCAC:

      

      1. Larry
        Martin - Lease

      

      (a) Lease
        in
        the name of Ray Lyle d/b/a Nice Cars

      (b) Location
        - Rome

      (c) Date
        of
        Lease 10/03/02 as amended by Lease Amendment dated 08/25/04

      (d) Term
        of
        Lease expires 10/31/10

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      

      2. Larry
        Martin - Lease

      

      (a) Lease
        in
        the name of Ray Lyle d/b/a Nice Cars

      (b) Location
        - New Fort Oglethorpe lot

      (c) Date
        of
        Lease 03/16/04

      (d) Term
        of
        Lease expires 06/30/11 with two (2) five (5) year options

      
        
          (e) 
            Rent
            $[ *
            ] per month for the first 4 years, $[ * ] per month the last 3
            years

        

      

      (f) No
        assignment or subletting without prior written consent of Lessor

      

      3. Village
        Developers - Lease

      

      (a) Lease
        in
        the name of Ray Lyle for Nice Cars, Inc.

      (b) Location
        - Corporate Headquarters

      (c) Date
        of
        Lease 01/02/05

      
        
          (d) 
            Term
            of
            Lease expires 01/31/08 with one (1) three (3) year option (rent increase
            to $[ *
            ] per month)

        

      

      (e) Rent
        $[ *
        ] per month

      (f) No
        assignment or subletting without consent of Lessor

      

      4. ADT
        Automotive - Baltimore / Washington Auto Exchange

      

      (a) Personal
        Guaranty of Ray Lyle dated 10/12/98

      (b) Guarantee
        of financial obligations and odometer disclosure statements

      (c) Current
        obligation per Ray Lyle - $0

      

      5. Bel
        Air
        Auto Auction

      

      (a) Personal
        Guaranty of Ray Lyle dated 05/27/98

      (b) Guarantee
        of financial obligations and Guarantee's title to each vehicle

      (c) Current
        obligation per Ray Lyle - $0

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      6. ABC
        -
        REDTOP Auto Auction

      

      (a) Personal
        Guaranty of Ray Lyle dated 12/16/05

      
        
          (b) 
            Guarantee
            of financial obligations and completeness and accuracy of each odometer
            disclosure statement

        

      

      (c) Current
        obligation per Ray Lyle - $0

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Schedule
        3.4(l)

      

      Environmental
        Matters 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Schedule
        3.4(n)

      

      Absence
        of Certain Changes and Events

      

      1. Capital
        Expenditures

      

      (a) Opening
        of Marietta lot - leasehold improvements - approximate cost [ * ]

      

      (b) Passtime
        devises - approximate cost - [ * ]

      

      2. Nice
        Cars, Inc. and Nice Cars Capital Acceptance Corporation are subject to a
        pending
        audit by the Internal Revenue Service ("IRS") for the years 2002, 2003 and
        2004.
        During the process of the audit, the IRS raised an issue of the amount of
        discount Nice Cars, Inc. takes at the time it sells the customers' financing
        packages to Nice Cars Capital Acceptance Corporation. At one time, the IRS
        indicated that it was going to be the IRS's position that the discount should
        be
        deferred and not taken by Nice Cars, Inc. until such time as Nice Cars Capital
        Acceptance Corporation had incurred an actual loss on each customer's financial
        package. If the IRS were to prevail in its position that the discount be
        deferred, this would have a negative impact on Nice Cars, Inc. and Nice Cars
        Capital Acceptance Corporation because this would cause Nice Cars, Inc. to
        record a higher net income in the year the customer's financial package is
        sold
        to Nice Cars Capital Acceptance Corporation. However, the IRS revenue agent
        has
        now orally advised the certified public accountant for Nice Cars, Inc. and
        Nice
        Cars Capital Acceptance Corporation that the IRS will not raise the issue
        of the
        deferral of the discount in the current audit for years 2002, 2003 and 2004,
        and
        instead the IRS is agreeing to allow a [ * ] percent [ * ]% discount. Until
        receipt of the revenue agent's report for the audit period 2002, 2003 and
        2004,
        there can be no assurance that the IRS will not be raised the issue of the
        deferral of the discount. Also, there can be no assurance that the deferral
        of
        the discount will not be raised in audits of future years by the
        IRS.

      

      3. Distributions
        made to Shareholders since August 31, 2006.

      

      (a) Ray
        Lyle
        - partial repayment of shareholder debt in the amount of [ * ].

      

      (b) Salary
        and monthly bonuses paid to Ray Lyle during September, 2006 in the ordinary
        course of business approximate amount [ * ].

      

      (c) Salary
        and monthly bonuses paid to Victoria Lyle during September, 2006 in the ordinary
        course of business approximate amount [ * ].

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(o)

      

      Assets
        and Rights

      

      1. Wells
        Fargo Financial - Account No. [ * ]

      

      (a) Equipment
        Lease for surveillance equipment

      

      (b) Lease
        dated 12/03/03

       

      (c) Payments
        - 60 monthly payments of [ * ] per month

       

      (d) Assignment
        provision - Nice Cars has "no right to sell, transfer, assign or sublease
        the
        equipment or this Lease"

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(p)

      

      Taxes

      

      1. Nice
        Cars, Inc. and Nice Cars Capital Acceptance Corporation are subject to a
        pending
        audit by the Internal Revenue Service ("IRS") for the years 2002, 2003 and
        2004.
        During the process of the audit, the IRS raised an issue of the amount of
        discount Nice Cars, Inc. takes at the time it sells the customers' financing
        packages to Nice Cars Capital Acceptance Corporation. At one time, the IRS
        indicated that it was going to be the IRS's position that the discount should
        be
        deferred and not taken by Nice Cars, Inc. until such time as Nice Cars Capital
        Acceptance Corporation had incurred an actual loss on each customer's financial
        package. If the IRS were to prevail in its position that the discount be
        deferred, this would have a negative impact on Nice Cars, Inc. and Nice Cars
        Capital Acceptance Corporation because this would cause Nice Cars, Inc. to
        record a higher net income in the year the customer's financial package is
        sold
        to Nice Cars Capital Acceptance Corporation. However, the IRS revenue agent
        has
        now orally advised the certified public accountant for Nice Cars, Inc. and
        Nice
        Cars Capital Acceptance Corporation that the IRS will not raise the issue
        of the
        deferral of the discount in the current audit for years 2002, 2003 and 2004,
        and
        instead the IRS is agreeing to allow a [ * ] percent [ * ]% discount. Until
        receipt of the revenue agent's report for the audit period 2002, 2003 and
        2004,
        there can be no assurance that the IRS will not be raised the issue of the
        deferral of the discount. Also, there can be no assurance that the deferral
        of
        the discount will not be raised in audits of future years by the
        IRS.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(q)

      

      Transaction
        With Certain Persons

      

      1. Certain
        of the leases listed on Exhibit K (items 4 through 20) are in the name of
        Ray
Lyle but the leased premises are used for the benefit of the NCCAC. Ray Lyle
        will execute any and all documents necessary to convey all of his rights,
        title
        and interest under the lease to the Company.

      

      2. Certain
        of the auto auction agreements have been personally guaranteed by Ray Lyle
        (see
        Exhibit F items 16 through 19).

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(r)

      

      Employee
        Plans

      

      1. Holidays:

      

      NCCAC
        observes 6 paid holidays per year, which are: New Year's Day, Memorial Day,
        Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Hourly
        employees must be employed 90 days prior to the holiday to receive holiday
        pay.
        All employees must work the scheduled day before and after the holiday to
        be
        eligible to receive holiday pay. Part time employees are not eligible to
        receive
        holiday pay.

      

      2. Vacations:

      

      Employees
        will receive [ * ] week after one year, [ * ] weeks after [ * ] years, [
        * ]
        weeks after [ * ] years, [ * ] weeks after [ * ] years. Supervisor approval
        must
        be obtained for scheduling of vacation period. Vacations must be taken, they
        cannot be carried over to the following year. Any employee who resigns or
        is
        discharged will not receive pay for the unused vacation earned. Employees
        may
        receive pay in lieu of vacation time with supervisor approval. Pay will be
        based
        on [ * ] employment for commissioned sales personnel.

      

      3. Sick
        Pay:

      

      The
        company provides sick pay of [ * ] day after one year, [ * ] days after two
        years and [ * ] days after three years. Sick pay does not accumulate if not
        used
        and may not be paid in lieu of sick time.

      

      4. Group
        Health & Life Insurance:

      

      [
        *
        ].

      

      5. Nice
        Cars, Inc. 401(k) Plan:

      

      [
        *
        ].

      

      6. Bonus
        Plans:

      

      (a) Raymond
        A. Lyle receives a monthly bonus equal to 1.65% of Nice Cars' Net Pre-tax
        Income
        for the applicable month.

       

      (b) Victoria
        E. Lyle receives a monthly bonus equal to 1.65% of Nice Cars' Net Pre-tax
        Income
        for the applicable month.

       

      (c) Raymond
        A. Lyle, II receives a monthly bonus equal to 1.30% of Nice Cars' Net Pre-tax
        Income for the applicable month. Raymond A. Lyle, II receives an

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      additional
        monthly bonus based upon Nice Cars Charge-Off Percentage (as follows). The
        amount of the monthly bonus shall be based upon the Nice Cars Charge-Off
        Percentage for such month as follows: 3.00% or less equals an $8,000 bonus;
        3.01% to 3.25% equals a $7,000 bonus; 3.26% to 3.50% equals a $6,000 bonus;
        3.51% to 3.75% equals a $5,000 bonus; and 3.76% to 4.00% equals a $4,000
        bonus;
        4.01% to 4.25% equals a $3,000 bonus; 4.26% to 4.50% equals a $2,000 bonus;
        4.51% to 4.75% equals a $1,500 bonus; 4.76% to 5.00% equals a $1,000 bonus;
        and
        5.1% or more equals no bonus. 

       

      (d) Robert
        Lyle receives
        a monthly bonus equal to 1.30% of Nice Cars' Net Pre-tax Income for the
        applicable month. Robert
        Lyle receives a monthly bonus equal to $40 per Net Unit Sold. 

       

      (e) Ginger
        Bond receives a monthly bonus equal to 1.30% of Nice Cars' Net Pre-tax Income
        for the applicable month.

       

      (f) All
        salaried employees participate in a [ * ] percent [ * ]% bonus plan in which
        [ *
        ] of the pretax profit earned by the Company each month is distributed to
        all
        salaried personnel at discretion of management.

       

      (g) Other
        bonus plans for non-executive employees based on unit sales, collection activity
        and other incentives.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(t)

      

      Permits

      

      1. All
        Leases listed on Exhibit K (items 4 through 15) can not be assigned or assumed
        by the Company without Landlord's prior written consent.

      

      2. The
        Company will need to apply for new auto auction licenses with the
        following:

      

      (a) [
        *
        ]

      (b) [
        *
        ]

      (c) [
        *
        ]

      (d) [
        *
        ]

       

      3. The
        Company will need to file new applications with the states of Tennessee and
        Georgia for a Used Motor Vehicle Dealer License for each Nice Cars
        location.

      

      4. The
        Company will need to file for local business licenses in each jurisdiction
        where
        it does business.

      

      5. The
        Company will need to file sales tax registration application with Tennessee
        and
        Georgia Department of Revenue.

      

      6. None
        of
        the permits or licenses of NCCAC are assignable to the Company.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Schedule
        3.4(x)

      

      Bank
        Accounts and Credit Cards

      

      A. Bank
        Accounts

      

      1. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      2. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number :
        [ *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      3. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      4. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      5. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      6. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      7. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (c) Authorized
        Signers : [ * ] 

       

      8. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]      

      

      9. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

      

      10. Regions
        Bank

      

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      (c) Authorized
        Signers : [
        *
        ]

       

      B. Credit
        Cards

       

      1. American
        Express Executive Business Card

       

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

      

      2. Platinum
        Plus for Business

       

      (a) Account
        Name : [
        *
        ]

      (b) Account
        Number : [
        *
        ]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      ANNEX
        A

       

      PLAN
        AND
        AGREEMENT OF MERGER

      OF
        FOREIGN CORPORATION INTO

      DELAWARE
        CORPORATION

      

      (attached)

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      PLAN
        AND AGREEMENT OF MERGER

      OF
        FOREIGN CORPORATION INTO DELAWARE CORPORATION

      

      AGREEMENT
        OF MERGER made this 4th day
        of
        October, 2006, between Nice Cars Capital Acceptance Corporation, a Georgia
        Corporation (the “Georgia Corporation”), and Nice Cars Acceptance AcquisitionCo,
        Inc. a Delaware Corporation (the “Delaware Corporation”). 

      

      WHEREAS,
        the Georgia Corporation has an authorized capital stock consisting of 100,000
        shares of common stock, par value $.01 per share, of which 1,000 shares have
        been duly issued and are now outstanding (the “Georgia Corporation Shares”);

      

      WHEREAS,
        the Delaware Corporation has an authorized capital stock consisting of 100
        shares of common stock, par value $.01 per share (the "Common Stock") of
        which one
        hundred (100) shares have been validly
        issued, fully paid, are nonassessable and
        are
        now outstanding;

      

      WHEREAS,
        the Delaware Corporation is a wholly owned subsidiary of Manchester, Inc.,
        a
        Nevada corporation (the “Parent Corporation”);

      

      WHEREAS,
        the Parent Corporation has previously issued 5,568,750
        shares
        of its common stock, par value $0.001 per share (“Parent Corporation Shares”) to
        the Delaware Corporation;

      

      WHEREAS,
        the Georgia Corporation and the Delaware Corporation intend, by approving
        resolutions authorizing this Agreement of Merger, to adopt this Agreement
        of
        Merger as a plan of reorganization within the meaning of Section 368(a) of
        the
        Internal Revenue Code of 1986, as amended (the "Code"), and the regulations
        promulgated thereunder; and 

      

      WHEREAS,
        the stockholders and directors of the Board of each of the Georgia Corporation
        and the Delaware Corporation deem it advisable and generally to the advantage
        and welfare of the two corporate parties that the Georgia Corporation merge
        into
        the Delaware Corporation as permitted under the provisions of Georgia Business
        Corporation Law and of the General Corporation Law of the State of Delaware.
        

      

      NOW,
        THEREFORE, in consideration of the premises and of the mutual agreements
        herein
        contained and of the mutual benefits hereby provided, it is agreed by and
        between the parties hereto as follows: 

      

      1.
        MERGER. The Georgia Corporation be, and it hereby is, merged into the Delaware
        Corporation. 

      

      2.
        EFFECTIVE DATE. This Agreement of Merger shall become effective immediately
        upon
        compliance with the laws of the States of Georgia and Delaware, the time
        of such
        effectiveness being hereinafter called the Effective Date. 

      

      3.
        SURVIVING CORPORATION. The Delaware Corporation shall survive the merger
        herein
        contemplated and shall continue to be governed by the laws of the State of
        Delaware, but the separate corporate existence of the Georgia Corporation
        shall
        cease as of the Effective Date. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4.
        AUTHORIZED CAPITAL. The authorized capital stock of the Delaware Corporation
        following the Effective Date shall be one hundred (100) shares of Common
        Stock,
        par value $.01 per share, unless and until the same shall be changed in
        accordance with the laws of the State of Delaware. 

      

      5.
        CERTIFICATE OF INCORPORATION. The Certificate of Incorporation of the Delaware
        Corporation in effect immediately prior to the Effective Date shall continue
        in
        full force and effect as the Certificate of Incorporation of the Delaware
        Corporation as the surviving corporation at the Effective Date and following
        the
        Effective Date until the same shall be amended or repealed in accordance
        with
        the provisions thereof, which power to amend or repeal is hereby expressly
        reserved, and all rights or powers of whatsoever nature conferred in such
        Certificate of Incorporation or herein upon any shareholder or director or
        officer of the Delaware Corporation or upon any other persons whomsoever
        are
        subject to the reserve power. Such Certificate of Incorporation shall constitute
        the Certificate of Incorporation of the Delaware Corporation separate and
        apart
        from this Agreement of Merger and may be separately certified as the Certificate
        of Incorporation of the Delaware Corporation. 

      

      6.
        BYLAWS. The Bylaws of the Delaware Corporation as they exist on the effective
        date shall be the Bylaws of the Delaware Corporation following the Effective
        Date unless and until the same shall be amended or repealed in accordance
        with
        the provisions thereof. 

      

      7.
        BOARD
        OF DIRECTORS. The members of the Board of Directors of the Delaware Corporation
        immediately after the effective date of the merger shall be those persons
        who
        were the members of the Board of Directors of the Delaware Corporation
        immediately prior to the effective date of the merger, and such persons shall
        serve in such offices, respectively, for the terms provided by law or in
        the
        Certificate of Incorporation and/or the Bylaws, or until their respective
        successors are elected and qualified. 

      

      8.
        FURTHER ASSURANCE OF TITLE. If at any time the Delaware Corporation shall
        consider or be advised that any acknowledgments or assurances in law or other
        similar actions are necessary or desirable in order to acknowledge or confirm
        in
        and to the Delaware Corporation any right, title, or interest of the Georgia
        Corporation held immediately prior to the Effective Date. The Georgia
        Corporation and its proper officers and directors serving the Georgia
        Corporation immediately prior to the Effective Date shall and will execute
        and
        deliver all such acknowledgments or assurances in law and do all things
        necessary or proper to acknowledge or confirm such right, title, or interest
        in
        the Delaware Corporation as shall be necessary to carry out the purposes
        of this
        Agreement of Merger, and the Delaware Corporation and the proper officers
        and
        directors thereof are fully authorized to take any and all such action in
        the
        name of the Georgia Corporation or otherwise. 

      

      9.
        RETIREMENT OF ORGANIZATION STOCK. Forthwith upon the Effective Date, the
        authorized shares of common stock of the Georgia Corporation presently issued
        and outstanding shall be exchanged for 5,568,750
        shares
        of common stock of the Parent Corporation, which shall be delivered from
        the
        assets of the Delaware Corporation.

      

      10.
        CONVERSION OF OUTSTANDING STOCK. As of the Effective Date, each of the issued
        and outstanding shares of Common Stock of the Delaware Corporation and all
        rights in respect thereof shall continue in effect as fully paid and
        nonassessable shares of Common Stock of the Delaware Corporation, and each
        certificate nominally representing the Georgia Corporation Shares shall
        become

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      null
        and
        void. The holders of such certificates shall surrender the same to the Delaware
        Corporation in exchange for the Parent Corporation Shares delivered from
        the
        assets of the Delaware Corporation. 

      

      11.
        RIGHTS AND LIABILITIES OF DELAWARE CORPORATION. At and after the Effective
        Date
        of the merger, the Delaware Corporation shall succeed to and possess, without
        further act or deed, all of the estate, rights, privileges, powers, and
        franchises, both public and private, and all of the property, real, personal,
        and mixed, of each of the parties hereto; all debts due to the Georgia
        Corporation or whatever account shall be vested in the Delaware Corporation;
        all
        claims, demands, property, rights, privileges, powers and franchises and
        every
        other interest of either of the parties hereto shall be as effectively the
        property of the Delaware Corporation as they were of the respective parties
        hereto; the title to any real estate vested by deed or otherwise in the Georgia
        Corporation shall not revert or be in any way impaired by reason of the merger,
        but shall be vested in the Delaware Corporation; all rights of creditors
        and all
        liens upon any property of either of the parties hereto shall be preserved
        unimpaired, limited in lien to the property affected by such lien at the
        effective time of the merger; all debts, liabilities, and duties of the
        respective parties hereto shall thenceforth attach to the Delaware Corporation
        and may be enforced against it to the same extent as if such debts, liabilities,
        and duties had been incurred or contracted by it; and the Delaware Corporation
        shall indemnify and hold harmless the officers and directors of each of the
        parties hereto against all such debts, liabilities and duties and against
        all
        claims and demands arising out of the merger. 

      

      12.
        SERVICE OF PROCESS ON DELAWARE CORPORATION. The Delaware Corporation agrees
        that
        it may be served with process in the State of Georgia in any proceeding for
        enforcement of any obligation of the Georgia Corporation as well as for the
        enforcement of any obligation of the Delaware Corporation arising from the
        merger, including any suit or other proceeding to enforce the right of any
        shareholder as determined in appraisal proceedings pursuant to the provisions
        of
        the Georgia Business Corporation Law. 

      

      13.
        TERMINATION. This Agreement of Merger may be terminated and abandoned by
        joint
        action of the Board of Directors of the Delaware Corporation and the Georgia
        Corporation at any time prior to the Effective Date, whether before or after
        approval by the shareholders of the two corporate parties hereto. 

      

      14.
        PLAN
        OF REORGANIZATION. This Agreement of Merger is intended to constitute a tax-free
        Plan of Reorganization under Section 368(a) of the Internal Revenue Code
        of
        1986, as amended, to be carried out in the manner, on the terms and subject
        to
        the conditions herein set forth.

      

      15.
        EXPENSES AND RIGHTS OF DISSENTING SHAREHOLDERS. The Delaware Corporation
        shall
        pay all expenses of carrying this Agreement of Merger into effect and of
        accomplishing the merger, including amounts, if any, to which dissenting
        shareholders of the Georgia Corporation may be entitled by reason of this
        merger. 

      

      [Signature
        Page Follows]

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      IN
        WITNESS WHEREOF each of the corporate parties hereto has caused this Agreement
        of Merger to be executed by an authorized officer pursuant to authority duly
        granted by the respective stockholders and directors of the Board of each
        such
        corporation in accordance with Section 252 of Delaware General Corporation
        Law.

      

      NICE
        CARS
        CAPITAL ACCEPTANCE CORPORATION

      

      By: 
        /s/
        Raymond Lyle

      Name:
         Raymond
        Lyle

      Title: President

      

      

      

      NICE
        CARS
        ACCEPTANCE ACQUISITIONCO, INC.

      

      By: 
        /s/
        Richard Gaines

      Name:
         Richard
        Gaines

      Title:
         Corporate
        SecretaryTHIS
      NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
      THIS
      NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
      OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT
      OR AN
      OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS
      NOT
      REQUIRED.

     

    

     

    MANCHESTER,
      INC.

     

    PROMISSORY
      NOTE

                                                                                            

    
      
        	U.S. $6,930,000	
                 October
                  4,
                  2006

              

      

    

     

    
      	1.  	
              FOR
                VALUE RECEIVED, pursuant to that certain Share Purchase and Exchange
                Agreement, of even date hereof (the “Share Purchase and Exchange
                Agreement”), by and between Nice Cars Acceptance AcquisitionCo, Inc., a
                Delaware corporation (the "Company"), Manchester Inc., a Nevada
                corporation (“Manchester”), Nice Cars Capital Acceptance Corporation, a
                Georgia corporation (“NCCAC”), and the Shareholders of NCCAC, Ray Lyle and
                Victoria Lyle (the “Sellers”), the Company, Nice Cars Operations
                AcquisitionCo, Inc. and Manchester (collectively herein referred
                to as
                "Maker") jointly and severally hereby promise to pay to the order
                of the
                Sellers, on such dates as set forth in Paragraph 3 below, at such
                place
                and in such manner as the Sellers may specify in writing, the principal
                amount of six million nine hundred and thirty thousand dollars
                ($6,930,000) (the "Principal"). Maker shall pay interest on the
                outstanding principal of this note (this “Note”) at the annual rate of ten
                percent (10%) per annum, calculated based on a year of 360 days and
                actual
                days elapsed (the “Interest”). All capitalized terms not otherwise defined
                herein shall have the meaning set forth in the Share Purchase and
                Exchange
                Agreement.

            

    

     

    
      	2.  	
              Interest
                in arrears on the Principal shall be payable on the first day of
                each
                month (the “Payment Date”) beginning on November 1, 2006 and continuing
                thereafter until such time as all amounts due and payable hereunder
                shall
                have been paid, as set forth in Paragraph 3 below. Such interest
                payments
                shall be in an amount equal to the unpaid interest accrued through
                the
                Payment Date. 

            

    

     

    
      	3.  	
              The
                outstanding Principal, together with any and all accrued and unpaid
                interest and all other sums due hereunder or in connection herewith,
                shall
                be paid in accordance with the following schedule: (i) the Company
                shall
                use its commercially reasonable efforts to finance the inventory
                acquired
                from Nice Cars, Inc. within ninety (90) days from the date hereof,
                as to
                which 100% of the net proceeds thereof available to the Makers shall
                be
                disbursed to the Sellers in partial satisfaction of the payment of
                the
                Principal (the “Inventory Sale”); (ii) the balance of the Principal after
                giving effect to proceeds from the Inventory Sale shall be paid to
                the
                Sellers from the net proceeds available to the Makers from any of
                the
                following events: (x) a sale of Maker receivables; (y) an increase
                in the
                borrowing base under the receivables facility of Makers’ affiliate, Nice
                Cars Funding LLC, that allows for a release of cash from that affiliate;
                or (z) the securitization and underwritten public offering of Maker
                receivables. Notwithstanding the foregoing or anything to the contrary
                herein, the Principal and all Interest due thereon shall be paid
                in full
                no later than the first anniversary of the date of this Promissory
                Note.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	4.  	
              The
                failure at any time of the Sellers to exercise any of its options
                or any
                other rights hereunder shall not constitute a waiver thereof, nor
                shall it
                be a bar to the exercise of any of its options or rights at a later
                date.
                All rights and remedies of the Sellers shall be cumulative and may
                be
                pursued singly, successively or together, at the option of the Sellers.
                The acceptance by the Sellers of any partial payment shall not constitute
                a waiver of any default or of any of the Sellers' rights under this
                Note.
                No waiver of any of its rights hereunder, and no modification or
                amendment
                of this Note, shall be deemed to be made by the Sellers unless the
                same
                shall be in writing, duly signed on behalf of the Sellers; and each
                such
                waiver shall apply only with respect to the specific instance involved,
                and shall in no way impair the rights of the Sellers in any other
                respect
                at any other time.

            

    

    

    
      	5.  	
              Any
                term or condition of this Note may be waived at any time by the party
                that
                is entitled to the benefit thereof, but no such waiver shall be effective
                unless set forth in a written instrument duly executed by or on behalf
                of
                the party waiving such term or
                condition.

            

    

    

    
      	6.  	
              Maker
                represents and warrants that this Note is the valid and binding obligation
                of Maker, fully enforceable in accordance with its terms. The execution
                and delivery by Maker of this Note, the performance by Maker of its
                obligations hereunder and the consummation of the transactions
                contemplated hereby and thereby does not and will not: (a) conflict
                with
                or result in a violation or breach of any of the terms, conditions
                or
                provisions of Maker’s charter instruments; (b) conflict with or result in
                a violation or breach of any term or provision of any law or order
                applicable to Maker or any of its assets and properties; or (c) (i)
                conflict with or result in a violation or breach of, or (ii) result
                in or
                give to any person any rights or create any additional or increased
                liability of Maker under, or (iii) create or impose any lien upon
                Maker or
                any of its assets and properties under, any contract or permit to
                which
                Maker is a party or by which its assets and properties are bound.
                

            

    

    

    
      	7.  	
              If
                any provision of this Note is held to be illegal, invalid or unenforceable
                under any present or future Law, and if the rights or obligations
                of any
                party hereto under this Note will not be materially and adversely
                affected
                thereby, (i) such provision will be fully severable; (ii) this Note
                will
                be construed and enforced as if such illegal, invalid or unenforceable
                provision had never comprised a part hereof; (iii) the remaining
                provisions of this Note will remain in full force and effect and
                will not
                be affected by the illegal, invalid or unenforceable provision or
                by its
                severance here from; and (iv) in lieu of such illegal, invalid or
                unenforceable provision, there will be added automatically as a part
                of
                this Note a legal, valid and enforceable provision as similar in
                terms to
                such illegal, invalid or unenforceable provision as may be
                possible.

            

    

    

    
      	8.  	
              Any
                notice, authorization, request or demand required or permitted to
                be given
                hereunder shall be in writing and shall be deemed to have been duly
                given
                two days after it is sent by an internationally recognized delivery
                service to the address of record of the Sellers or Maker, respectively.
                Any party may change its address for such communications by giving
                notice
                thereof to the other parties in conformity with this
                Paragraph.

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	9.  	
              This
                Note shall be governed by and construed under the laws of the State
                of
                Georgia as applied to agreements entered into and to be performed
                entirely
                within such State. In any such litigation Maker waives personal service
                of
                any summons, complaint or other process and agrees that the service
                thereof may be made by certified or registered mail directed to the
                registered corporate office of Maker in the State of its incorporation.
                Maker hereby waives the right to interpose any setoff or non-compulsory
                counterclaim or cross-claim in connection with any such litigation,
                irrespective of the nature of such setoff, counterclaim or
                cross-claim.

            

    

    

    
      	10.  	
              MAKER
                HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY STATE OR FEDERAL
                COURT SITTING IN THE STATE OF GEORGIA OVER ANY SUIT, ACTION OR PROCEEDING
                ARISING OUT OF OR RELATING TO THIS NOTE. MAKER HEREBY IRREVOCABLY
                WAIVES,
                TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY
                NOW OR
                HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION
                OR
                PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH SUIT,
                ACTION OR PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN
                AN
                INCONVENIENT FORUM. MAKER HEREBY AGREES THAT A FINAL JUDGMENT IN
                ANY SUCH
                SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT, AFTER ALL APPROPRIATE
                APPEALS, SHALL BE CONCLUSIVE AND BINDING UPON
                IT.

            

    

    

    MAKER
      HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE FULLEST EXTENT
      PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT
      OF ANY LITIGATION ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE OR
      THE
      TRANSACTIONS CONTEMPLATED HEREIN. FURTHER, MAKER HEREBY CERTIFIES THAT NO
      REPRESENTATIVE OR AGENT OF HOLDER OR ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY
      OR OTHERWISE, THAT HOLDER WOULD NOT, IN THE EVENT OF SUCH LITIGATION, SEEK
      TO
      ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION. MAKER ACKNOWLEDGES THAT
      HOLDER HAS BEEN INDUCED TO ACCEPT THIS NOTE BY, INTER ALIA, THE PROVISIONS
      OF
      THIS PARAGRAPH.

    

    
      	11.  	
              A
                default shall exist on this Note if any of the following occurs and
                is
                continuing: (i) failure to timely make any payment of Principal,
                interest
                or other sum when due; (ii) failure by Maker to perform or observe
                any
                other covenant or agreement of Maker contained in this Note; (iii)
                a
                custodian, receiver, liquidator or trustee of Maker, or any other
                person
                acting under actual or purported force of law takes ownership, possession
                or title to Maker’s property; (iv) any of the property of Maker is
                sequestered by court order; (v) a petition or other proceeding, voluntary
                or otherwise is filed by or against Maker under any bankruptcy,
                reorganization, arrangement, insolvency, readjustment of indebtedness,
                dissolution or liquidation law of any jurisdiction, whether now or
                hereafter in effect; (vi) Maker makes an assignment for the benefit
                of its
                creditors, or generally fails to pay its obligations as they become
                due,
                or consents to the appointment of or taking possession by a custodian,
                receiver, liquidator or trustee of Maker or all or any part of its
                property or (vii) any default referred to in Paragraph 13 of this
                Note.
                Upon any such default, the Sellers may declare the Principal of the
                Note,
                plus accrued Interest, to be immediately due and payable, upon which
                such
                Principal and accrued Interest shall become due and payable immediately.
                Interest upon default shall thereafter accrue at the rate of 15%
                per
                annum, calculated based on a year of 360 days and actual days elapsed
                from
                the date of such default. 

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	12.  	
              Maker,
                any endorser, or guarantor hereof or in the future (individually
                an
                "Obligor" and collectively "Obligors") and each of them jointly and
                severally: (a) waive presentment, demand, protest, notice of demand,
                notice of intent to accelerate, notice of acceleration of maturity,
                notice
                of protest, notice of nonpayment, notice of dishonor, and any other
                notice
                required to be given under the law to any Obligor in connection with
                the
                delivery, acceptance, performance, default or enforcement of this
                Note,
                any endorsement or guaranty of this Note, any pledge, security, guaranty
                or other documents executed in connection with this Note; (b) consent
                to
                all delays, extensions, renewals or other modifications of this Note,
                or
                waivers of any term hereof or thereof, or release or discharge by
                the
                Sellers of any of Obligors, or release, substitution or exchange
                of any
                security for the payment hereof, or the failure to act on the part
                of the
                Sellers or any indulgence shown by the Sellers (without notice to
                or
                further assent from any of Obligors), and agree that no such action,
                failure to act or failure to exercise any right or remedy by the
                Sellers
                shall in any way affect or impair the Obligations (as hereinafter
                defined)
                of any Obligors or be construed as a waiver by the Sellers of, or
                otherwise affect, any of the Sellers' rights under this Note, under
                any
                endorsement or guaranty of this Note; (c) if Maker fails to fulfill
                its
                obligations hereunder when due, agrees to pay, on demand, all costs
                and
                expenses of enforcement of collection of this Note or of any endorsement
                or guaranty hereof and/or the enforcement of the Sellers' rights
                with
                respect to, or the administration, supervision, preservation, protection
                of, or realization upon, any property securing payment hereof, including,
                without limitation, all attorney's fees, costs, expenses and
                disbursements, including, without further limitation, any and all
                fees
                related to any legal proceeding, suit, mediation, arbitration, out
                of
                court payment agreement, trial, appeal, bankruptcy proceedings or
                any
                other actions of any nature whatsoever required on the part of the
                Sellers
                or the Sellers’ representatives to enforce this Note and the rights
                hereunder; and (d) waive the right to interpose any defense, set-off
                or counterclaim of any nature or description.

            

    

    

    
      	13.  	
              Any
                default upon the Purchase Note, the S Tax Reimbursement Note or the
                Shareholder Note (each, a “Transaction Note” and collectively, the
                “Notes”) issued pursuant to the Share Purchase and Exchange Agreement,
                shall constitute a default under the terms of each such Transaction
                Note
                individually and all such Notes collectively, except with respect
                to any
                Transaction Note which has been satisfied in full prior to the default
                of
                another Transaction Note.

            

    

    

    
      	14.  	
              Maker
                will not, by amendment of its Certificate of Incorporation or through
                any
                reorganization, recapitalization, transfer of assets, consolidation,
                merger, dissolution, issue or sale of securities or any other voluntary
                action, avoid or seek to avoid the observance or performance of any
                of the
                terms to be observed or performed hereunder by Maker, but will at
                all
                times in good faith assist in the carrying out of all the provisions
                of
                this Agreement and in the taking of all such action as may be necessary
                or
                appropriate in order to protect the rights of the Sellers against
                impairment. This Note shall be enforceable against all successors
                and
                assigns of Maker. Maker hereby covenants that all of its subsidiaries
                and
                affiliates shall jointly and severally perform this Agreement to
                the same
                and full extent on behalf of Maker if Maker is unable to
                perform.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	15.  	
              This
                Note supersedes all prior discussions and agreements between the
                parties
                with respect to the subject matter hereof and thereof and contains
                the
                sole and entire agreement between the parties hereto with respect
                to the
                subject matter hereof.

            

    

    

    
      	16.  	
              If
                the Sellers lose this Note, Maker shall issue an identical replacement
                note to the Sellers upon the Sellers' delivery to Maker of a customary
                agreement to indemnify Maker reasonably satisfactory to Maker for
                any
                losses resulting from issuance of the replacement
                note.

            

    

    

    
      	17.  	
              The
                terms and conditions of this Note shall inure to the benefit of and
                be
                binding upon the respective successors and assigns of the parties.
                Nothing
                in this Note, express or implied, is intended to confer upon any
                party
                other than the parties hereto or their respective successors and
                assigns
                any rights, remedies, obligations, or liabilities under or by reason
                of
                this Note, except as expressly provided in this
                Note.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
IN
      WITNESS WHEREOF, Maker has caused this Note to be dated, executed and issued
      on
      its behalf, by its duly appointed and authorized officer, as of the 4th day
      of
      October, 2006.

    
      	 	 	 
	 	
              MAKER:

            
	 	 
	 	MANCHESTER
              INC.
	 
 	 
 	 
 
	 	By:  	/s/ Richard
              D. Gaines
	 	
              
Name:
 Richard
              D. Gaines
	 	Title:  
               Corporate Secretary

    

     

    
      	 	 	 
	 	NICE
              CARS ACCEPTANCE ACQUISITIONCO, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Richard
              D. Gaines
	 	
              
Name:
 Richard
              D. Gaines
	 	Title:  
               Corporate Secretary

      	 	 	 
	 	NICE
              CARS OPERATIONS ACQUISITIONCO, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Richard
              D. Gaines
	 	
              
Name:
 Richard
              D. Gaines
	 	Title:  
               Corporate Secretary

    

     

    
      
        
        

      

      
        6

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