Document:

EXECUTIVE
      EMPLOYMENT AGREEMENT 

     

    THIS
      AGREEMENT made as of October 4, 2006 between Nice
      Cars Operations AcquisitionCo, Inc.,
      a
      corporation incorporated pursuant to the laws of Delaware (hereinafter known
      as
      the "Corporation") and Raymond
      A. Lyle, II (hereinafter
      known as the "Employee")
      (this
“Agreement”).

     

    WHEREAS
      the Corporation desires to hire the Employee in the employment capacity set
      out
      hereinafter;

     

    AND
      WHEREAS the Employee agrees to accept such employment on the terms and
      conditions hereinafter set forth;

     

    NOW
      THEREFORE in consideration of the offer of employment, the mutual covenants
      herein contained, and other good and valuable consideration (the receipt and
      sufficiency of which is hereby acknowledged by both of the parties hereto),
      the
      parties hereto agree as follows:

     

    
      	1.  	
              EMPLOYMENT
                AND ACCEPTANCE OF DUTIES:

            

    

     

    
      	(a)  	
              During
                the Period of Active Employment, as defined in section 1(c) hereunder,
                the
                Corporation shall employ the Employee and the Employee shall serve
                the
                Corporation, and its affiliate, Nice Cars Acceptance AcquisitionCo,
                Inc.,
                in the position of Corporate Credit and Collections Manager of each
                entity. The Employee shall discharge the duties and services appertaining
                to such positions as determined by the Corporation, acting reasonably,
                as
                well as such additional duties and services appropriate to such position
                as determined from time to time by the Board of Directors of the
                Corporation acting reasonably. The Employee agrees that he shall,
                during
                the period of his employment hereunder, well and faithfully serve
                the
                Corporation and shall exercise the powers and authorities and fulfil
                the
                duties conferred upon him honestly, diligently, in good faith and
                in the
                best interests of the Corporation and its
                customers.

            

    

     

    
      	(b)  	
              During
                the Period of Active Employment, the Employee shall devote his full
                time,
                attention and ability to performing the services prescribed pursuant
                to
                Section 1(a) hereof. The Employee understands that the hours of work
                involved will vary and be irregular and are those hours required
                to meet
                the responsibilities of the Employee as provided
                herein.

            

    

     

    
      	(c)  	
              For
                the purposes of this Agreement, "Period of Active Employment" shall
                mean
                the period beginning on October 4, 2006, and terminating on October
                4,
                2011, unless terminated sooner upon the first of the following
                occurrences:

            

    

     

    
      	(i)  	
              the
                termination of the Employee's Employment by the Corporation pursuant
                to
                Sections 5 or 6 of this Agreement; 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(ii)  	
              the
                termination of this Agreement by the Employee pursuant to Section
                7
                hereof;

            

    

     

    
      	(iii)  	
              the
                death of the Employee; or

            

    

     

    
      	(iv)  	
              if
                the Employee becomes Totally Disabled, as defined herein, during
                the
                Period of Active Employment. For the purposes of this Agreement,
                the
                Employee shall be deemed to be Totally Disabled if he becomes physically
                or mentally incapable of discharging all of his full-time duties
                hereunder
                and is eligible to receive long-term disability payments under any
                corporate disability insurance contract in effect at that time.
                

            

    

     

    
      	(d)  	
              The
                Employee shall report directly to the Board of Directors of the
                Corporation.

            

    

     

    
      	2.  	
              REMUNERATION
                AND BENEFITS:

            

    

     

    
      	(a)  	
              In
                consideration of the Employee's undertaking and the performance of
                the
                obligations contained hereunder, the Corporation shall pay and grant
                to
                the Employee the following.

            

    

     

    
      	(i)  	
              A
                salary of One Hundred Four Thousand Dollars ($104,000) per annum,
                payable
                in equal bi-weekly installments and subject to applicable tax payroll
                deductions. 

            

    

     

    
      	(ii)  	
              Employee
                shall be entitled to receive monthly bonuses as set forth below:
                

            

    

     

    (A)
      On a
      monthly basis, the Corporation shall prepare combined internal income statements
      ("Internal Statements") for the Corporation and its affiliate, Nice Cars
      AcquisitionCo, Inc. (and any successor entity to either of the foregoing) in
      a
      manner consistent with the past practice of those entities' respective
      predecessors (Nice Cars, Inc. and Nice Cars Capital Acceptance Corporation)
      prior to the effective date of this Agreement. In preparing the Internal
      Statements, the Corporation shall exclude any costs, overhead or expenses
      associated with or that directly or indirectly result from Manchester, Inc.'s
      ownership of either of the entities. The resulting "Net Income" reflected on
      such Internal Statements shall be the Nice Cars' Net Pre-tax Income. Employee
      shall be entitled to a monthly bonus equal to 1.30% of Nice Cars' Net Pre-tax
      Income for the applicable month.

     

    (B)
      In
      addition, Employee shall be entitled to receive an additional monthly bonus
      based upon Nice Cars Charge-Off Percentage (as defined below). On a monthly
      basis, the Corporation shall prepare an analysis that reflects the charge-off
      percentages for the Corporation and its affiliate, Nice Cars AcquisitionCo,
      Inc.
      (and any successor entity to either of the foregoing) in a manner consistent
      with the past practice of those entities' respective predecessors (Nice Cars,
      Inc. and Nice Cars Capital Acceptance Corporation prior to the effective date
      of
      this Agreement. The Corporation shall determine the "Nice Cars Charge-Off
      Percentage" by taking the total charge-offs (including repossessions, volleys
      and insurance claims) and dividing them by the average accounts for the month.
      The "average accounts" is determined by averaging accounts open on the first
      day
      of the month and accounts open on the last day of the month. Delinquency will
      not be considered in the calculation. 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. 

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(iii)  	
              Vacation
                according to the policies of the Corporation but in no event less
                than
                five (5) weeks of vacation per year. Employee shall provide reasonable
                notice to Corporation in advance of such
                vacation.

            

    

     

    
      	(iv)  	
              The
                Employee may at his discretion participate at no cost in the Corporation’s
                group insurance plans, retirement plans and benefit plans applicable
                to
                the Employee during employment with the Corporation. Such benefit
                plans,
                and programs may include without limitation medical, health, and
                dental
                care, life insurance, short term and long term disability protection
                and
                qualified retirement plans. The Employee shall be subject to all
                applicable terms and conditions of such plans. The Corporation shall
                have
                the right to make reasonable amendments to any such benefit plan
                or
                arrangement made available hereunder.

            

    

     

    
      	(b)  	
              The
                Corporation will reimburse the Employee in accordance with its normal
                policies and practices for travel and other expenses or disbursements
                reasonably and necessarily incurred or made by him in connection
                with the
                Corporation's business, including but not limited to professional
                dues and
                subscriptions, and memberships in professional and business associations.
                Without limiting the foregoing, the Corporation shall provide Employee
                at
                no cost an automobile from the Corporation's inventory for Employee's
                use.
                The Corporation shall reimburse Employee for all gas, maintenance
                and
                repair expenses in connection with the use of such automobile. The
                Corporation shall provide Employee at no cost a cell phone with unlimited
                minutes. The Corporation shall pay for all internet access costs
                necessary
                to permit Employee to work from home.

            

    

     

    
      	(c)  	
              The
                Corporation shall withhold from any amounts payable under this Agreement
                such federal or provincial taxes and required statutory remittances
                pursuant to any applicable law or
                regulation.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	3.  	
              LOYALTY
                AND CONFIDENTIALITY:

            

    

     

    In
      consideration of the employment provided by this Agreement, the Employee agrees
      with the Corporation as follows:

     

    
      	(a)  	
              Confidentiality:
                Except in the normal and proper course of his duties hereunder the
                Employee will not publish, communicate, use for his own account,
                or
                disclose to any other Person without the prior consent of the Corporation,
                during or after the Period of Active Employment, any confidential
                or
                proprietary information or material (“Confidential Information”) relating
                to the Corporation's operations, business, customers, and services
                which
                he may obtain from the Corporation or its officers, directors, or
                employees, or otherwise by virtue of the Employee's employment by
                the
                Corporation. The parties agree that such Confidential Information
                is
                deemed proprietary to the Corporation, and all intellectual property
                rights contained therein, or derived therefrom, shall at all times
                remain
                the exclusive property of the Corporation. “Confidential Information”
                includes, without limitation, the following types of information
                or
                material, both existing and contemplated, regarding the Corporation
                or its
                parent, affiliated or subsidiary corporations ("Related Companies"),
                and
                third party vendors, corporate information, including contractual
                arrangements, plans, strategies, tactics, policies, supply agreements,
                and
                any litigation or negotiations; sales, strategies, methods, customer,
                and
                customer lists, educational and training materials, reports, disks,
                tapes,
                prospects and market research data; financial information, including
                cost
                and performance data, debt arrangements; personnel information, including
                personnel lists, resumes, personnel data, organizational structure
                and
                performance evaluations; and, technical information, including programs,
                and source codes. Notwithstanding the above, any part of the foregoing
                Confidential Information shall not be considered confidential or
                proprietary information to the extent that it: (I) is in the public
                domain
                through no wrongful act or breach on the part of the Employee or
                any third
                party, or (II) was approved for release by written authorization
                of the
                Corporation, or (III) is already
                known by the Employee at the time of disclosure by the Corporation
                without
                similar confidentiality restrictions, or (IV) is or is directly related
                to
                a Prior Invention or has been or is independently developed by the
                Employee as shown by prior written evidence, or (V) is required to
                be
                disclosed by the Employee pursuant to a court or administrative order
                (and
                the Employee shall promptly inform the Company of any such order
                to allow
                the Company, at its expense, to oppose any such
                order).

            

    

     

    
      	(b)  	
              Return
                of Documents:
                The Employee agrees that any and all documents or other data, sound
                or
                image recordings, fixed in any material form, and property of any
                nature
                pertaining to activities and services of the Corporation or to its
                Related
                Companies, including the information or materials covered by section
                3(a)
                hereof, in his possession now or at any time during the Period of
                Active
                Employment, are and shall be the property of the Corporation and
                its
      Related Companies, and that all such documents and all copies
                of them
                shall be surrendered forthwith to the Corporation whenever requested
                by
                the Corporation. Upon
                termination of Employee's employment with Employer, Employee agrees
                to
                return to Employer all copies and originals of all documents generated
                by
                or belonging to Employer or any other documents which may have come
                into
                the possession of Employee from Employer as a result of Employee's
                employment with Employer, including documents containing customer
                information. Nothing herein shall affect or impair Employee's right
                to
                retain personal documents, including without limitation address books,
                diaries, Rolodex cards, and telephone directories, provided such
                documents
                do not contain confidential
                information.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(c)  	
              Intellectual
                Property:
                The Employee agrees that all rights and title to materials produced
                by
                Employee under this Agreement whether in written form, pictorial
                or other
                documentary or reproducible form, and in any medium whatsoever, belong
                exclusively to Corporation and shall be considered works made for
                hire.
                Any and all copyrights and other “Intellectual Property Rights” in and to
                such works are and shall be the sole property of the Corporation.
                “Intellectual Property Rights” for the purposes of this Agreement include
                copyright, patents, trade-marks, industrial designs, design marks,
                electronic icons, computer code, software architecture, programming
                methods, system configurations, business methods, business plans,
                system
                flowcharts, system designs, technologies, drawings, technical information,
                know-how, processes, or trade secrets, or any modifications, enhancements,
                or improvements of any of the foregoing. To the extent that any materials
                or works of authorship may not, by operation of law, be works made
                for
                hire, this Agreement will constitute an irrevocable assignment by
                the
                Employee to the Corporation of the ownership of, and all intellectual
                property rights in such items, and Corporation will have the right
                to
                obtain and hold in its own name all registrations which may be available
                in the works. The Employee agrees to execute all documents reasonably
                requested by Corporation and to render, at Corporation's sole expense,
                whatever reasonable assistance the Corporation may request to enable
                the
                Corporation to perfect its security interest in and to such intellectual
                property rights whether in the United States, or elsewhere in the
                world.
                If the Corporation is unable for any reason, after reasonable and
                documented effort, to obtain the Employee’s signature on any document
                needed in connection with the actions described in this Section 3(c),
                the
                Employee hereby irrevocably designates and appoints the Corporation
                and
                its duly authorized officers and agents as the Employee’s agent and
                attorney in fact to act for and in Employee’s behalf to execute and file
                any document and to do all other lawfully permitted acts to further
                the
                foregoing with the same legal force and effect as if executed by
                Employee. 

            

    

     

    
      	 	
              (d)
                 

            	
              Employee
                and Employer acknowledge that any breach or threatened breach by
                Employee
                of the provisions of this Section 3 may cause irreparable harm to
                Employer, which harm may not be fully redressed by the payment of
                damages
                to Employer. In addition, Employee and Employer acknowledge that
                Employer
                may be entitled, in addition to any other right and remedy it may
                have, at
                law or in equity, to an injunction, enjoining or restraining Employee
                from
                any violation or threatened violations of this Section
                3.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	4.  	
              EMPLOYMENT
                RESTRICTIONS:

            

    

     

    In
      consideration of the employment provided by this Agreement, the Employee agrees
      with the Corporation as follows:

     

    
      	(a)  	
              Definitions:
                For the purposes of sections 4(b) through 4(d), the words “Business”,
                “Customer”, “Person”, “Prohibited Area”, “Prospective Customer” and
                “Restricted Period” shall have the meanings set out
                below:

            

    

     

    
      	(i)  	
              “Business”
                means the provision of or development of a “buy-here pay-here” automobile
                business.

            

    

     

    
      	(ii)  	
              "Customer"
                shall mean any Person to whom the Employee has supplied goods or
                services,
                either directly, or indirectly on behalf of the Corporation, at any
                time
                during the term of this Agreement;

            

    

     

    
      	(iii)  	
              "Person"
                includes, without limitation, an individual, corporation, partnership,
                joint venture, association, trust, firm, unincorporated organization
                or
                other legal or business entity;

            

    

     

    
      	(iv)  	
              "Prohibited
                Area" shall mean the United States of America.

            

    

     

    
      	(v)  	
              "Prospective
                Customer" shall mean any Person to whom the Corporation or the Related
                Companies has (I) directly or indirectly and specifically offered,
                through
                written proposal or other written instrument, to supply goods or
                services;
                or (II) targeted, as evidenced by written memorandum or otherwise
                documented in sales forecasts, business plans or similar document,
                as a
                possible purchaser of the Corporation’s goods or services, at any time
                during the 12 months prior to the termination of this Agreement,
                howsoever
                arising and the Employee, acting reasonably, would have knowledge
                of such
                Persons;

            

    

     

    
      	(vi)  	
              "Restricted
                Period” shall mean the period beginning on the date of this Agreement and
                ending twenty-four (24) months following the termination of this
                Agreement, howsoever arising. 

            

    

     

    
      	(b)  	
              Non-Solicitation
                of Customers:
                The Employee hereby agrees that he shall not during the Restricted
                Period
                within the Prohibited Area, whether on his own behalf or in conjunction
                with or on behalf of any other Person, directly or indirectly, except
                on
                behalf of the Corporation, (i) solicit, (ii) assist in soliciting,
                (iii)
                accept, (iv) facilitate the acceptance of, or (v) deal with any Customer
                or Prospective Customer of the Corporation, as an employee, director,
                shareholder, principal, agent, consultant or in any other capacity
                whatsoever, for the purpose of providing or selling to such Customer
                or
                Prospective Customer products or services which are the same as,
                similar
                to, or competitive with the
                Business.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(c)  	
              Non-Solicitation
                of Employees:
                The Employee hereby agrees that he will not during the Restricted
                Period,
                either on his own behalf or in conjunction with or on behalf of any
                other
                Person, directly or indirectly, except on behalf of or with the prior
                written consent of the Corporation induce, solicit, entice or procure
                any
                employee or consultant of the Corporation to leave such employment
                or
                relationship, as the case may be.

            

    

     

    
      	5.  	
              TERMINATION
                FOR JUST CAUSE:

            

    

     

    The
      Corporation shall be entitled, in its sole discretion, to forthwith terminate
      the employment of the Employee hereunder, without advance notice, for just
      cause
      as determined by statute or common law by so advising the Employee in writing.
      For the purpose of this Agreement, the following acts or omissions committed
      or
      omitted during the term of this Agreement constitutes just cause, provided,
      however, "Just
      Cause" within the meaning of this Section shall in any event not include any
      act
      done or committed by Employee in the exercise of business judgment which is
      not
      unreasonable under all the facts and circumstances involved:

     

    
      	(a)  	
              if
                the Employee is in material breach of any of the provisions of this
                Agreement, including without limitation the conditions outlined in
                section
                1 of this Agreement, provided the Employee receives seven (7) business
                days prior written notice of the breach detailing the complained
                of breach
                and fails to remedy such breach within said seven (7) day period;
                

            

    

     

    
      	(b)  	
              if
                the Employee is convicted of an indictable offence or a felony involving
                moral turpitude, including, without limitation, theft, fraud,
                embezzlement, forgery, misappropriation or wilful misapplication
                by a
                court of final and competent jurisdiction;

            

    

     

    
      	(c)  	
              if
                the Employee is found in any civil, administrative or regulatory
                proceeding of competent jurisdiction to have breached a fiduciary
                duty to
                the shareholders of the Corporation; or

            

    

     

    
      	 	
              (d)
                 

            	
              if
                the Employee
                engages in conduct that is intentionally and materially detrimental
                to the
                best interests of the Corporation. 

            

    

     

    If
      the
      Corporation terminates this Agreement for just cause under this Section, the
      Corporation shall not be obligated to make any further payments under this
      Agreement except amounts due and remaining unpaid as of the effective date
      of
      such termination. 

     

    
      	6.  	
              TERMINATION
                ON NOTICE:

            

    

     

    
      	(a)  	
              The
                Corporation shall be entitled, in its sole discretion, at any time
                to
                terminate the employment of the Employee hereunder without just cause
                for
                any reason whatsoever by so advising the Employee in writing. If
                the
                Corporation terminates the employment of the Employee pursuant to
                this
                section during the five (5) year period beginning October 4, 2006,
                and
                concluding October 4, 2011 (the "Five Year Period"), the Corporation
                shall
                provide to the Employee a lump sum payment in lieu of notice equalling
                Employee's Average Monthly Compensation (as defined below) multiplied
                by
                the number of remaining months in the Five Year Period. Employee's
                "Average Monthly Compensation" shall mean Employee's average monthly
                compensation (including salary, bonus and other compensation) during
                the
                twenty-four month period immediately prior to the date of termination
                (including months prior to the effective date of this Agreement if
                the
                date of termination occurs within the first twenty-four months of
                the Five
                Year Period). The Corporation shall provide the Employee such payment
                in a
                lump sum on or before the date of the Employee’s active termination of
                employment. The Employee hereby agrees that if the Corporation terminates
                in accordance with this provision, the Employee's entitlements in
                accordance with this section shall constitute his full and final
                entitlements, and he shall have no additional claims for bonus, salary,
                other compensation, notice or pay in lieu of notice at common law
                or
                otherwise against the Corporation. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(b)  	
              In
                the event of termination pursuant to section 6(a), the Corporation’s
                medical and health benefit plans in which the Employee is enrolled
                shall
                cease twenty-four (24) months from the date of the Employee’s termination
                of employment, except long term and short term disability which shall
                cease effective the date the Employee receives notice of termination.
                

            

    

     

    
      	7.  	
              RESIGNATION
                OR CESSATION OF SERVICES BY EMPLOYEE:

            

    

     

    (a) Resignation.
      The
      Employee shall be entitled, in his sole discretion, to forthwith terminate
      his
      employment hereunder upon sixty (60) days prior written notice to the
      Corporation. The Corporation may waive the notice, in whole or in part, in
      which
      event it will pay to the Employee what the Employee would otherwise have earned
      during the sixty (60) day (or part thereof if such Company waiver is during
      the
      notice period) notice period aforesaid and the Employee shall be entitled to
      his
      benefits during the balance of the sixty (60) day period. 

     

    If
      the
      Employee terminates his employment for any reason, the Corporation shall have
      no
      further obligations or responsibilities to the Employee after the expiry of
      the
      above-noted sixty (60) day period. In the event of a buyout, merger, or any
      other event that results in a Change of Control, as defined herein, the Employee
      may elect to resign within sixty (60) days of the completion of such event,
      with
      all of the rights, entitlements, and obligations outlined in Section 6 (a)
      and
      (b) herein. 

     

    For
      purposes of this Agreement, “Change of Control” means any of:

     

    
      	(i)  	
              the
                acquisition, directly or indirectly and by any means whatsoever
                (including, without limitation, through an acquisition of the voting
                shares of the Corporation or of any company which is in a position
                to
                exercise effective control of the Corporation), by any person, or
                by a
                group of persons acting jointly, or in concert, that results in a
                de
                facto
                change of control;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	(ii)  	
              any
                transaction or series of transactions, whether by way of reconstruction,
                reorganization, consolidation, amalgamation, arrangement, merger,
                transfer, sale or otherwise, whereby assets of the Corporation become
                the
                property of any other person (other than an affiliate of the Corporation)
                if such assets which become the property of any other person have
                a fair
                market value (net of the fair market value of any liabilities which
                become
                obligations of such other person as part of the same transaction)
                equal to
                one-half or more of the net worth of the Corporation immediately
                before
                such transaction; 

            

    

     

    
      	(iii)  	
              the
                completion of any transaction or the first of a series of transactions
                which would have the same or similar effect as any transaction or
                series
                of transactions referred to in paragraph (i) to (ii) above;
                or

            

    

     

    
      	(iv)  	
              a
                change, whether by way of a change in the holding of the Voting Shares,
                in
                the ownership of the Corporation’s assets, the composition of the Board of
                Directors or by any other means, as a result of which there is a
                change in
                any person, or any group of persons acting jointly or in concert,
                who is
                in a position to exercise effective control of the
                Corporation.

            

    

     

    (b)
      Cessation
      of Services Due to Death or Total Disability.

     

    In
      the
      event of Employee's death or becoming Totally Disabled, as defined herein,
      during the term of this Agreement, Employee's employment hereunder shall
      terminate as of Employee’s date of death or upon becoming Totally Disabled.

     

    In
      the
      event of Employee's death or becoming Totally Disabled, as defined herein,
      during the term of this Agreement, the Corporation shall be required to pay
      to
      Employee an amount equal to Employee's Average Monthly Compensation multiplied by
      six (6).
      The termination of the Employee in accordance with this section is not intended
      to prejudice the Employee’s eligibility for long-term disability benefits under
      the Corporation’s policy, and if necessary to protect the Employee’s
      eligibility, the Corporation at its sole discretion shall have the option to
      terminate hereunder at the expiration of the long-term disability period
      only.

     

    
      	8.  	
              RESULTS
                OF TERMINATION:

            

    

     

    Upon
      termination or resignation of the Employee's employment pursuant to Sections
      5,
      6 or 7 of this Agreement, the employment of the Employee shall be wholly
      terminated, with the exception of clauses specifically contemplated to continue
      in full force and effect beyond the termination of this Agreement, including
      those set out in Sections 3 and 4.

     

    
      	9.  	
              ASSIGNMENT:

            

    

     

    This
      Agreement shall enure to the benefit of and be binding upon the parties and
      their respective heirs, executors, administrators, the legal personal
      representatives of the Employee and the successors and assigns of the
      Corporation. The rights of the Employee under this Agreement are not assignable
      or transferable in any manner. Employee
      recognizes that this Agreement is personal to Employee and that none of
      Employee's obligations under this Agreement may be assigned or delegated by
      Employee. The Corporation may assign all of its rights and obligations under
      this Agreement by operation of law or upon the bona
      fide sale
      or
      other transfer of all or substantially all of its assets and business and it
      shall be made a condition of any such assignment that the purchaser or
      transferee agrees to assume all the rights and obligations of the Corporation
      under this Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	10.  	
              SEVERABILITY:

            

    

     

    Any
      article, section, subsection or other subdivision of this Agreement or any
      other
      provision of this Agreement which is, or becomes, illegal, invalid or
      unenforceable shall be severed here from and ineffective to the extent of such
      illegality, invalidity or unenforceability and shall not affect or impair the
      remaining provisions hereof, which provisions shall be severed from any illegal,
      invalid or unenforceable article, section, subsection or other subdivision
      of
      this Agreement. The parties also agree that if any covenant or provision in
      this
      Agreement is determined to be void or unenforceable at law due to a period
      of
      time, geographical area or otherwise, then such covenant or provision of this
      Agreement, shall be reduced in scope or amended, as to term, geographical area
      or otherwise to the extent required so that the covenant or provision, as so
      reduced or amended, is enforceable at law and the unenforceable portion shall
      be
      deemed to be severed from the balance of the provision or this Agreement, which
      balance shall survive and be of full force and effect.

     

    
      	11.  	
              WAIVER:

            

    

     

    Failure
      of either party to this Agreement to rely on any provision contained herein
      shall not constitute a precedent or be deemed a waiver of such provision on
      any
      subsequent occasion or in regard to any other provision of this
      Agreement.

     

    
      	12.  	
              ENTIRE
                AGREEMENT:

            

    

     

    This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the employment of the Employee and any and all previous agreements or
      representations, written or oral, express or implied between the parties or
      on
      their behalf relating to the employment of the Employee by the Corporation
      are
      terminated and cancelled.

     

    
      	13.  	
              GOVERNING
                LAW:

            

    

     

    This
      Agreement shall be governed by and construed in accordance with the laws of
      Georgia. 

     

    
      	14.  	
              HEADINGS:

            

    

     

    The
      headings utilised in this Agreement are for convenience only and are not to
      be
      construed in any way as additions or limitations of the covenants and agreements
      contained in this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	15.  	
              NOTICES:

            

    

     

    Any
      notice required or permitted to be given to the Employee shall be sufficiently
      given if delivered to the Employee personally, including without limitation
      if
      mailed by registered mail or internationally recognized courier to:

     

    Raymond
      A. Lyle, II

    990
      Battlefield Parkway

    Fort
      Oglethorpe, Georgia 30742

    

    with
      a
      copy to: 

    

    Mark
      A.
      Cunningham

    Chambliss,
      Bahner & Stophel, P.C. 

    1000
      Tallan Building 

    Two
      Union
      Square 

    Chattanooga,
      Tennessee 37402-2500 

    

     

    Any
      notice required or permitted to be given to the Corporation shall be
      sufficiently given if delivered personally or if mailed by registered mail
      to
      the Corporation to: 

     

    c/o
      Manchester Inc.

    100
      Crescent Court, 7th Floor, Dallas, Texas 75201 

    Attention:
      Corporate Secretary

    

    With
      a
      copy to:

    Wuersch
      & Gering LLP

    Attention:
      Travis L. Gering

    100
      Wall
      Street - 21st
      Floor

    New
      York,
      NY 10005

    

    
      	16.  	
              LEGAL
                ADVICE:

            

    

     

    The
      Employee hereby represents and warrants to the Corporation that he has had
      sufficient opportunity to seek and obtain legal advice with respect to this
      Agreement and that he fully understands the nature and effect of this Agreement
      and that he is entering into it freely and voluntarily.

     

    
      	17.  	
              DOLLAR
                AMOUNTS:

            

    

     

    Unless
      specifically stated otherwise, all references herein to dollar amounts refer
      to
      United States’ dollars.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
      	18.  	
              AMENDMENTS:

            

    

     

    It
      is
      recognized that there may be amendments to this Agreement. No significant
      amendment to this Agreement shall be valid or binding unless set forth in
      writing and duly executed by both of the parties hereto.

     

    
      	19.  	
              COUNTERPARTS:

            

    

     

    This
      Agreement may be executed in counterparts all of which taken together shall
      constitute one and the same instrument.

     

    [Signature
      Page Follows]

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    IN
      WITNESS WHEREOF the parties have duly executed this Agreement as of the date
      first above written. Each page of this Agreement is initialled and dated by
      the
      Employee.

     

    
      
        	 	 	 
	 	THE
                EMPLOYEE:
	 
 	 
 	 
 
	
              	/s/
                Raymond A. Lyle, II  
	 	
                
Name: 
                Raymond A. Lyle, II

      

    

     

    
      	 	 	 
	 	
               

              THE
                CORPORATION: NICE CARS OPERATIONS ACQUISITIONCO,
                INC.

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Richard Gaines  
	 	
              
                

              

              Name:
                Richard Gaines

              Title: 
                 PresidentEXECUTIVE
      EMPLOYMENT AGREEMENT 

     

     

    THIS
      AGREEMENT made as of October 4, 2006 between Nice
      Cars Operations AcquisitionCo, Inc.,
      a
      corporation incorporated pursuant to the laws of Delaware (hereinafter known
      as
      the "Corporation") and Robert
      Lyle (hereinafter
      known as the "Employee")
      (this
“Agreement”).

     

    WHEREAS
      the Corporation desires to hire the Employee in the employment capacity set
      out
      hereinafter;

     

    AND
      WHEREAS the Employee agrees to accept such employment on the terms and
      conditions hereinafter set forth;

     

    NOW
      THEREFORE in consideration of the offer of employment, the mutual covenants
      herein contained, and other good and valuable consideration (the receipt and
      sufficiency of which is hereby acknowledged by both of the parties hereto),
      the
      parties hereto agree as follows:

     

    
      	1.  	
              EMPLOYMENT
                AND ACCEPTANCE OF DUTIES:

            

    

     

    
      	(a)  	
              During
                the Period of Active Employment, as defined in section 1(c) hereunder,
                the
                Corporation shall employ the Employee and the Employee shall serve
                the
                Corporation, and its affiliate, Nice Cars Acceptance AcquisitionCo,
                Inc.,
                in the position of General Manager of each entity. The Employee shall
                discharge the duties and services appertaining to such positions
                as
                determined by the Corporation, acting reasonably, as well as such
                additional duties and services appropriate to such position as determined
                from time to time by the Board of Directors of the Corporation acting
                reasonably. The Employee agrees that he shall, during the period
                of his
                employment hereunder, well and faithfully serve the Corporation and
                shall
                exercise the powers and authorities and fulfil the duties conferred
                upon
                him honestly, diligently, in good faith and in the best interests
                of the
                Corporation and its customers.

            

    

     

    
      	(b)  	
              During
                the Period of Active Employment, the Employee shall devote his full
                time,
                attention and ability to performing the services prescribed pursuant
                to
                Section 1(a) hereof. The Employee understands that the hours of work
                involved will vary and be irregular and are those hours required
                to meet
                the responsibilities of the Employee as provided
                herein.

            

    

     

    
      	(c)  	
              For
                the purposes of this Agreement, "Period of Active Employment" shall
                mean
                the period beginning on October 4, 2006, and terminating on October
                4,
                2011, unless terminated sooner upon the first of the following
                occurrences:

            

    

     

    
      	(i)  	
              the
                termination of the Employee's Employment by the Corporation pursuant
                to
                Sections 5 or 6 of this Agreement; 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	(ii)  	
              the
                termination of this Agreement by the Employee pursuant to Section
                7
                hereof;

            

    

     

    
      	(iii)  	
              the
                death of the Employee; or

            

    

     

    
      	(iv)  	
              if
                the Employee becomes Totally Disabled, as defined herein, during
                the
                Period of Active Employment. For the purposes of this Agreement,
                the
                Employee shall be deemed to be Totally Disabled if he becomes physically
                or mentally incapable of discharging all of his full-time duties
                hereunder
                and is eligible to receive long-term disability payments under any
                corporate disability insurance contract in effect at that time.
                

            

    

     

    
      	(d)  	
              The
                Employee shall report directly to the Board of Directors of the
                Corporation.

            

    

     

    
      	2.  	
              REMUNERATION
                AND BENEFITS:

            

    

     

    
      	(a)  	
              In
                consideration of the Employee's undertaking and the performance of
                the
                obligations contained hereunder, the Corporation shall pay and grant
                to
                the Employee the following.

            

    

     

    
      	(i)  	
              A
                salary of Fifty Two Thousand Dollars ($52,000) per annum, payable
                in equal
                bi-weekly installments and subject to applicable tax payroll deductions.
                

            

    

     

    
      	(ii)  	
              Employee
                shall be entitled to receive monthly bonuses as set forth below:
                

            

    

     

    (A)
      On a
      monthly basis, the Corporation shall prepare combined internal income statements
      ("Internal Statements") for the Corporation and its affiliate, Nice Cars
      AcquisitionCo, Inc. (and any successor entity to either of the foregoing) in
      a
      manner consistent with the past practice of those entities' respective
      predecessors (Nice Cars, Inc. and Nice Cars Capital Acceptance Corporation)
      prior to the effective date of this Agreement. In preparing the Internal
      Statements, the Corporation shall exclude any costs, overhead or expenses
      associated with or that directly or indirectly result from Manchester, Inc.'s
      ownership of either of the entities. The resulting "Net Income" reflected on
      such Internal Statements shall be the Nice Cars' Net Pre-tax Income. Employee
      shall be entitled to receive a monthly bonus equal to 1.30% of Nice Cars' Net
      Pre-tax Income for the applicable month.

     

    (B)
      In
      addition, Employee shall be entitled to receive an additional monthly bonus
      based upon the Net Units Sold (as defined below). On a monthly basis, the
      Corporation shall calculate the net units sold by the Corporation and its
      affiliate, Nice Cars AcquisitionCo, Inc. (and any successor entity to either
      of
      the foregoing) in a manner consistent with the past practice of those entities'
      respective predecessors (Nice Cars, Inc. and Nice Cars Capital Acceptance
      Corporation) prior to the effective date of this Agreement. In determining
      the
      Net Units Sold, the Corporation shall calculate the total units sold less any
      units that are written off. Employee shall be entitled to a bonus equal to
      $40
      per Net Unit Sold. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	(iii)  	
              Vacation
                according to the policies of the Corporation but in no event less
                than
                five (5) weeks of vacation per year. Employee shall provide reasonable
                notice to Corporation in advance of such
                vacation.

            

    

     

    
      	(iv)  	
              The
                Employee may at his discretion participate at no cost in the Corporation’s
                group insurance plans, retirement plans and benefit plans applicable
                to
                the Employee during employment with the Corporation. Such benefit
                plans,
                and programs may include without limitation medical, health, and
                dental
                care, life insurance, short term and long term disability protection
                and
                qualified retirement plans. The Employee shall be subject to all
                applicable terms and conditions of such plans. The Corporation shall
                have
                the right to make reasonable amendments to any such benefit plan
                or
                arrangement made available hereunder.

            

    

     

    
      	(b)  	
              The
                Corporation will reimburse the Employee in accordance with its normal
                policies and practices for travel and other expenses or disbursements
                reasonably and necessarily incurred or made by him in connection
                with the
                Corporation's business, including but not limited to professional
                dues and
                subscriptions, and memberships in professional and business associations.
                Without limiting the foregoing, the Corporation shall provide Employee
                at
                no cost an automobile from the Corporation's inventory for Employee's
                use.
                The Corporation shall reimburse Employee for all gas, maintenance
                and
                repair expenses in connection with the use of such automobile. The
                Corporation shall provide Employee at no cost a cell phone with unlimited
                minutes. The Corporation shall pay for all internet access costs
                necessary
                to permit Employee to work from home.

            

    

     

    
      	(c)  	
              The
                Corporation shall withhold from any amounts payable under this Agreement
                such federal or provincial taxes and required statutory remittances
                pursuant to any applicable law or
                regulation.

            

    

     

    
      	3.  	
              LOYALTY
                AND CONFIDENTIALITY:

            

    

     

    In
      consideration of the employment provided by this Agreement, the Employee agrees
      with the Corporation as follows:

     

    
      	(a)  	
              Confidentiality:
                Except in the normal and proper course of his duties hereunder the
                Employee will not publish, communicate, use for his own account,
                or
                disclose to any other Person without the prior consent of the Corporation,
                during or after the Period of Active Employment, any confidential
                or
                proprietary information or material (“Confidential Information”) relating
                to the Corporation's operations, business, customers, and services
                which
                he may obtain from the Corporation or its officers, directors, or
                employees, or otherwise by virtue of the Employee's employment by
                the
                Corporation. The parties agree that such Confidential Information
                is
                deemed proprietary to the Corporation, and all intellectual property
                rights contained therein, or derived therefrom, shall at all times
                remain
                the exclusive property of the Corporation. “Confidential Information”
                includes, without limitation, the following types of information
                or
                material, both existing and contemplated, regarding the Corporation
                or its
                parent, affiliated or subsidiary corporations ("Related Companies"),
                and
                third party vendors, corporate information, including contractual
                arrangements, plans, strategies, tactics, policies, supply agreements,
                and
                any litigation or negotiations; sales, strategies, methods, customer,
                and
                customer lists, educational and training materials, reports, disks,
                tapes,
                prospects and market research data; financial information, including
                cost
                and performance data, debt arrangements; personnel information, including
                personnel lists, resumes, personnel data, organizational structure
                and
                performance evaluations; and, technical information, including programs,
                and source codes. Notwithstanding the above, any part of the foregoing
                Confidential Information shall not be considered confidential or
                proprietary information to the extent that it: (I) is in the public
                domain
                through no wrongful act or breach on the part of the Employee or
                any third
                party, or (II) was approved for release by written authorization
                of the
                Corporation, or (III) is already
                known by the Employee at the time of disclosure by the Corporation
                without
                similar confidentiality restrictions, or (IV) is or is directly related
                to
                a Prior Invention or has been or is independently developed by the
                Employee as shown by prior written evidence, or (V) is required to
                be
                disclosed by the Employee pursuant to a court or administrative order
                (and
                the Employee shall promptly inform the Company of any such order
                to allow
                the Company, at its expense, to oppose any such
                order)

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	(b)  	
              Return
                of Documents:
                The Employee agrees that any and all documents or other data, sound
                or
                image recordings, fixed in any material form, and property of any
                nature
                pertaining to activities and services of the Corporation or to its
                Related
                Companies, including the information or materials covered by section
                3(a)
                hereof, in his possession now or at any time during the Period of
                Active
                Employment, are and shall be the property of the Corporation and
                its
                Related Companies, and that all such documents and all copies of
                them
                shall be surrendered forthwith to the Corporation whenever requested
                by
                the Corporation. Upon
                termination of Employee's employment with Employer, Employee agrees
                to
                return to Employer all copies and originals of all documents generated
                by
                or belonging to Employer or any other documents which may have come
                into
                the possession of Employee from Employer as a result of Employee's
                employment with Employer, including documents containing customer
                information. Nothing herein shall affect or impair Employee's right
                to
                retain personal documents, including without limitation address books,
                diaries, Rolodex cards, and telephone directories, provided such
                documents
                do not contain confidential
                information.

            

    

     

    
      	(c)  	
              Intellectual
                Property:
                The Employee agrees that all rights and title to materials produced
                by
                Employee under this Agreement whether in written form, pictorial
                or other
                documentary or reproducible form, and in any medium whatsoever, belong
                exclusively to Corporation and shall be considered works made for
                hire.
                Any and all copyrights and other “Intellectual Property Rights” in and to
                such works are and shall be the sole property of the Corporation.
                “Intellectual Property Rights” for the purposes of this Agreement include
                copyright, patents, trade-marks, industrial designs, design marks,
                electronic icons, computer code, software architecture, programming
                methods, system configurations, business methods, business plans,
                system
                flowcharts, system designs, technologies, drawings, technical information,
                know-how, processes, or trade secrets, or any modifications, enhancements,
                or improvements of any of the foregoing. To the extent that any materials
                or works of authorship may not, by operation of law, be works made
                for
                hire, this Agreement will constitute an irrevocable assignment by
                the
                Employee to the Corporation of the ownership of, and all intellectual
                property rights in such items, and Corporation will have the right
                to
                obtain and hold in its own name all registrations which may be available
                in the works. The Employee agrees to execute all documents reasonably
                requested by Corporation and to render, at Corporation's sole expense,
                whatever reasonable assistance the Corporation may request to enable
                the
                Corporation to perfect its security interest in and to such intellectual
                property rights whether in the United States, or elsewhere in the
                world.
                If the Corporation is unable for any reason, after reasonable and
                documented effort, to obtain the Employee’s signature on any document
                needed in connection with the actions described in this Section 3(c),
                the
                Employee hereby irrevocably designates and appoints the Corporation
                and
                its duly authorized officers and agents as the Employee’s agent and
                attorney in fact to act for and in Employee’s behalf to execute and file
                any document and to do all other lawfully permitted acts to further
                the
                foregoing with the same legal force and effect as if executed by
                Employee. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              (d)

            	
              Employee
                and Employer acknowledge that any breach or threatened breach by
                Employee
                of the provisions of this Section 3 may cause irreparable harm to
                Employer, which harm may not be fully redressed by the payment of
                damages
                to Employer. In addition, Employee and Employer acknowledge that
                Employer
                may be entitled, in addition to any other right and remedy it may
                have, at
                law or in equity, to an injunction, enjoining or restraining Employee
                from
                any violation or threatened violations of this Section
                3.

            

    

     

    
      	4.  	
              EMPLOYMENT
                RESTRICTIONS:

            

    

     

    In
      consideration of the employment provided by this Agreement, the Employee agrees
      with the Corporation as follows:

     

    
      	(a)  	
              Definitions:
                For the purposes of sections 4(b) through 4(d), the words “Business”,
                “Customer”, “Person”, “Prohibited Area”, “Prospective Customer” and
                “Restricted Period” shall have the meanings set out
                below:

            

    

     

    
      	(i)  	
              “Business”
                means the provision of or development of a “buy-here pay-here” automobile
                business.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(ii)  	
              "Customer"
                shall mean any Person to whom the Employee has supplied goods or
                services,
                either directly, or indirectly on behalf of the Corporation, at any
                time
                during the term of this Agreement;

            

    

     

    
      	(iii)  	
              "Person"
                includes, without limitation, an individual, corporation, partnership,
                joint venture, association, trust, firm, unincorporated organization
                or
                other legal or business entity;

            

    

     

    
      	(iv)  	
              "Prohibited
                Area" shall mean the United States of America.

            

    

     

    
      	(v)  	
              "Prospective
                Customer" shall mean any Person to whom the Corporation or the Related
                Companies has (I) directly or indirectly and specifically offered,
                through
                written proposal or other written instrument, to supply goods or
                services;
                or (II) targeted, as evidenced by written memorandum or otherwise
                documented in sales forecasts, business plans or similar document,
                as a
                possible purchaser of the Corporation’s goods or services, at any time
                during the 12 months prior to the termination of this Agreement,
                howsoever
                arising and the Employee, acting reasonably, would have knowledge
                of such
                Persons;

            

    

     

    
      	(vi)  	
              "Restricted
                Period” shall mean the period beginning on the date of this Agreement and
                ending twenty-four (24) months following the termination of this
                Agreement, howsoever arising. 

            

    

     

    
      	(b)  	
              Non-Solicitation
                of Customers:
                The Employee hereby agrees that he shall not during the Restricted
                Period
                within the Prohibited Area, whether on his own behalf or in conjunction
                with or on behalf of any other Person, directly or indirectly, except
                on
                behalf of the Corporation, (i) solicit, (ii) assist in soliciting,
                (iii)
                accept, (iv) facilitate the acceptance of, or (v) deal with any Customer
                or Prospective Customer of the Corporation, as an employee, director,
                shareholder, principal, agent, consultant or in any other capacity
                whatsoever, for the purpose of providing or selling to such Customer
                or
                Prospective Customer products or services which are the same as,
                similar
                to, or competitive with the
                Business.

            

    

     

    
      	(c)  	
              Non-Solicitation
                of Employees:
                The Employee hereby agrees that he will not during the Restricted
                Period,
                either on his own behalf or in conjunction with or on behalf of any
                other
                Person, directly or indirectly, except on behalf of or with the prior
                written consent of the Corporation induce, solicit, entice or procure
                any
                employee or consultant of the Corporation to leave such employment
                or
                relationship, as the case may be.

            

    

     

    
      
        	5.	
                TERMINATION
                  FOR JUST CAUSE:

              

      

    

     

    The
      Corporation shall be entitled, in its sole discretion, to forthwith terminate
      the employment of the Employee hereunder, without advance notice, for just
      cause
      as determined by statute or common law by so advising the Employee in writing.
      For the purpose of this Agreement, the following acts or omissions committed
      or
      omitted during the term of this Agreement constitutes just cause, provided,
      however, "Just
      Cause" within the meaning of this Section shall in any event not include any
      act
      done or committed by Employee in the exercise of business judgment which is
      not
      unreasonable under all the facts and circumstances involved:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      	(a)  	
              if
                the Employee is in material breach of any of the provisions of this
                Agreement, including without limitation the conditions outlined in
                section
                1 of this Agreement, provided the Employee receives seven (7) business
                days prior written notice of the breach detailing the complained
                of breach
                and fails to remedy such breach within said seven (7) day period;
                

            

    

     

    
      	(b)  	
              if
                the Employee is convicted of an indictable offence or a felony involving
                moral turpitude, including, without limitation, theft, fraud,
                embezzlement, forgery, misappropriation or wilful misapplication
                by a
                court of final and competent jurisdiction;

            

    

     

    
      	(c)  	
              if
                the Employee is found in any civil, administrative or regulatory
                proceeding of competent jurisdiction to have breached a fiduciary
                duty to
                the shareholders of the Corporation; or

            

    

     

    
      	 	
              (d)
                 

            	
              if
                the Employee
                engages in conduct that is intentionally and materially detrimental
                to the
                best interests of the Corporation. 

            

    

     

    If
      the
      Corporation terminates this Agreement for just cause under this Section, the
      Corporation shall not be obligated to make any further payments under this
      Agreement except amounts due and remaining unpaid as of the effective date
      of
      such termination. 

     

    
      	6.  	
              TERMINATION
                ON NOTICE:

            

    

     

    
      	(a)  	
              The
                Corporation shall be entitled, in its sole discretion, at any time
                to
                terminate the employment of the Employee hereunder without just cause
                for
                any reason whatsoever by so advising the Employee in writing. If
                the
                Corporation terminates the employment of the Employee pursuant to
                this
                section during the five (5) year period beginning October 4, 2006,
                and
                concluding October 4, 2011 (the "Five Year Period"), the Corporation
                shall
                provide to the Employee a lump sum payment in lieu of notice equalling
                Employee's Average Monthly Compensation (as defined below) multiplied
                by
                the number of remaining months in the Five Year Period. Employee's
                "Average Monthly Compensation" shall mean Employee's average monthly
                compensation (including salary, bonus and other compensation) during
                the
                twenty-four month period immediately prior to the date of termination
                (including months prior to the effective date of this Agreement if
                the
                date of termination occurs within the first twenty-four months of
                the Five
                Year Period). The Corporation shall provide the Employee such payment
                in a
                lump sum on or before the date of the Employee’s active termination of
                employment. The Employee hereby agrees that if the Corporation terminates
                in accordance with this provision, the Employee's entitlements in
                accordance with this section shall constitute his full and final
                entitlements, and he shall have no additional claims for bonus, salary,
                other compensation, notice or pay in lieu of notice at common law
                or
                otherwise against the Corporation. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      	(b)  	
              In
                the event of termination pursuant to section 6(a), the Corporation’s
                medical and health benefit plans in which the Employee is enrolled
                shall
                cease twenty-four (24) months from the date of the Employee’s termination
                of employment, except long term and short term disability which shall
                cease effective the date the Employee receives notice of termination.
                

            

    

     

    
      	7.  	
              RESIGNATION
                OR CESSATION OF SERVICES BY EMPLOYEE:

            

    

     

    (a) Resignation.
      The
      Employee shall be entitled, in his sole discretion, to forthwith terminate
      his
      employment hereunder upon sixty (60) days prior written notice to the
      Corporation. The Corporation may waive the notice, in whole or in part, in
      which
      event it will pay to the Employee what the Employee would otherwise have earned
      during the sixty (60) day (or part thereof if such Company waiver is during
      the
      notice period) notice period aforesaid and the Employee shall be entitled to
      his
      benefits during the balance of the sixty (60) day period. 

     

    If
      the
      Employee terminates his employment for any reason, the Corporation shall have
      no
      further obligations or responsibilities to the Employee after the expiry of
      the
      above-noted sixty (60) day period. In the event of a buyout, merger, or any
      other event that results in a Change of Control, as defined herein, the Employee
      may elect to resign within sixty (60) days of the completion of such event,
      with
      all of the rights, entitlements, and obligations outlined in Section 6 (a)
      and
      (b) herein. 

     

    For
      purposes of this Agreement, “Change of Control” means any of:

     

    
      	(i)  	
              the
                acquisition, directly or indirectly and by any means whatsoever
                (including, without limitation, through an acquisition of the voting
                shares of the Corporation or of any company which is in a position
                to
                exercise effective control of the Corporation), by any person, or
                by a
                group of persons acting jointly, or in concert, that results in a
                de
                facto
                change of control;

            

    

     

    
      	(ii)  	
              any
                transaction or series of transactions, whether by way of reconstruction,
                reorganization, consolidation, amalgamation, arrangement, merger,
                transfer, sale or otherwise, whereby assets of the Corporation become
                the
                property of any other person (other than an affiliate of the Corporation)
                if such assets which become the property of any other person have
                a fair
                market value (net of the fair market value of any liabilities which
                become
                obligations of such other person as part of the same transaction)
                equal to
                one-half or more of the net worth of the Corporation immediately
                before
                such transaction; 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	(iii)  	
              the
                completion of any transaction or the first of a series of transactions
                which would have the same or similar effect as any transaction or
                series
                of transactions referred to in paragraph (i) to (ii) above;
                or

            

    

     

    
      	(iv)  	
              a
                change, whether by way of a change in the holding of the Voting Shares,
                in
                the ownership of the Corporation’s assets, the composition of the Board of
                Directors or by any other means, as a result of which there is a
                change in
                any person, or any group of persons acting jointly or in concert,
                who is
                in a position to exercise effective control of the
                Corporation.

            

    

     

    (b)
      Cessation
      of Services Due to Death or Total Disability.

     

    In
      the
      event of Employee's death or becoming Totally Disabled, as defined herein,
      during the term of this Agreement, Employee's employment hereunder shall
      terminate as of Employee’s date of death or upon becoming Totally Disabled.

     

    In
      the
      event of Employee's death or becoming Totally Disabled, as defined herein,
      during the term of this Agreement, the Corporation shall be required to pay
      to
      Employee an amount equal to Employee's Average Monthly Compensation multiplied by
      six (6).
      The termination of the Employee in accordance with this section is not intended
      to prejudice the Employee’s eligibility for long-term disability benefits under
      the Corporation’s policy, and if necessary to protect the Employee’s
      eligibility, the Corporation at its sole discretion shall have the option to
      terminate hereunder at the expiration of the long-term disability period
      only.

     

    
      	8.  	
              RESULTS
                OF TERMINATION:

            

    

     

    Upon
      termination or resignation of the Employee's employment pursuant to Sections
      5,
      6 or 7 of this Agreement, the employment of the Employee shall be wholly
      terminated, with the exception of clauses specifically contemplated to continue
      in full force and effect beyond the termination of this Agreement, including
      those set out in Sections 3 and 4.

     

    
      	9.  	
              ASSIGNMENT:

            

    

     

    This
      Agreement shall enure to the benefit of and be binding upon the parties and
      their respective heirs, executors, administrators, the legal personal
      representatives of the Employee and the successors and assigns of the
      Corporation. The rights of the Employee under this Agreement are not assignable
      or transferable in any manner. Employee
      recognizes that this Agreement is personal to Employee and that none of
      Employee's obligations under this Agreement may be assigned or delegated by
      Employee. The Corporation may assign all of its rights and obligations under
      this Agreement by operation of law or upon the bona
      fide sale
      or
      other transfer of all or substantially all of its assets and business and it
      shall be made a condition of any such assignment that the purchaser or
      transferee agrees to assume all the rights and obligations of the Corporation
      under this Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	10.  	
              SEVERABILITY:

            

    

     

    Any
      article, section, subsection or other subdivision of this Agreement or any
      other
      provision of this Agreement which is, or becomes, illegal, invalid or
      unenforceable shall be severed here from and ineffective to the extent of such
      illegality, invalidity or unenforceability and shall not affect or impair the
      remaining provisions hereof, which provisions shall be severed from any illegal,
      invalid or unenforceable article, section, subsection or other subdivision
      of
      this Agreement. The parties also agree that if any covenant or provision in
      this
      Agreement is determined to be void or unenforceable at law due to a period
      of
      time, geographical area or otherwise, then such covenant or provision of this
      Agreement, shall be reduced in scope or amended, as to term, geographical area
      or otherwise to the extent required so that the covenant or provision, as so
      reduced or amended, is enforceable at law and the unenforceable portion shall
      be
      deemed to be severed from the balance of the provision or this Agreement, which
      balance shall survive and be of full force and effect.

     

    
      	11.  	
              WAIVER:

            

    

     

    Failure
      of either party to this Agreement to rely on any provision contained herein
      shall not constitute a precedent or be deemed a waiver of such provision on
      any
      subsequent occasion or in regard to any other provision of this
      Agreement.

     

    
      	12.  	
              ENTIRE
                AGREEMENT:

            

    

     

    This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the employment of the Employee and any and all previous agreements or
      representations, written or oral, express or implied between the parties or
      on
      their behalf relating to the employment of the Employee by the Corporation
      are
      terminated and cancelled.

     

    
      	13.  	
              GOVERNING
                LAW:

            

    

     

    This
      Agreement shall be governed by and construed in accordance with the laws of
      Georgia. 

     

    
      	14.  	
              HEADINGS:

            

    

     

    The
      headings utilised in this Agreement are for convenience only and are not to
      be
      construed in any way as additions or limitations of the covenants and agreements
      contained in this Agreement.

     

    
      	15.  	
              NOTICES:

            

    

     

    Any
      notice required or permitted to be given to the Employee shall be sufficiently
      given if delivered to the Employee personally, including without limitation
      if
      mailed by registered mail or internationally recognized courier to:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Robert
      Lyle

    990
      Battlefield Parkway

    Fort
      Oglethorpe, Georgia 30742

     

    with
      a
      copy to: 

     

    Mark
      A.
      Cunningham

    Chambliss,
      Bahner & Stophel, P.C. 

    1000
      Tallan Building 

    Two
      Union
      Square 

    Chattanooga,
      Tennessee 37402-2500 

     

    Any
      notice required or permitted to be given to the Corporation shall be
      sufficiently given if delivered personally or if mailed by registered mail
      to
      the Corporation to: 

     

    c/o
      Manchester Inc.

    100
      Crescent Court, 7th Floor, Dallas, Texas 75201 

    Attention:
      Corporate Secretary

     

    With
      a
      copy to:

     

    Wuersch
      & Gering LLP

    Attention:
      Travis L. Gering

    100
      Wall
      Street - 21st
      Floor

    New
      York,
      NY 10005

     

    
      	16.  	
              LEGAL
                ADVICE:

            

    

     

    The
      Employee hereby represents and warrants to the Corporation that he has had
      sufficient opportunity to seek and obtain legal advice with respect to this
      Agreement and that he fully understands the nature and effect of this Agreement
      and that he is entering into it freely and voluntarily.

     

    
      	17.  	
              DOLLAR
                AMOUNTS:

            

    

     

    Unless
      specifically stated otherwise, all references herein to dollar amounts refer
      to
      United States’ dollars.

     

    
      	18.  	
              AMENDMENTS:

            

    

     

    It
      is
      recognized that there may be amendments to this Agreement. No significant
      amendment to this Agreement shall be valid or binding unless set forth in
      writing and duly executed by both of the parties hereto.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	19.  	
              COUNTERPARTS:

            

    

     

    This
      Agreement may be executed in counterparts all of which taken together shall
      constitute one and the same instrument.

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF the parties have duly executed this Agreement as of the date
      first above written. Each page of this Agreement is initialled and dated by
      the
      Employee.

     

    
      	 	 	 
	 	THE
              EMPLOYEE:
	 	 	
               

            
	 	/s/ Robert
              Lyle
	 	
              

              Name:
                Robert
                Lyle

            
	 	 	
               

               

            
	 	THE
              CORPORATION: NICE CARS OPERATIONS ACQUISITIONCO,
              INC.
	 
 	 
 	 
 
	 	By:  	/s/
              Richard Gaines
	 	
              
Name: 
              Richard Gaines
	 	Title:   
              President

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