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                                                                   Exhibit 10.43

                          INSURANCE AUTO AUCTIONS, INC.
                            2003 STOCK INCENTIVE PLAN

1. ESTABLISHMENT AND PURPOSE.

The Insurance Auto Auctions, Inc. 2003 Stock Incentive Plan (the "Plan") is
established by Insurance Auto Auctions, Inc. (the "Company") to attract and
retain persons eligible to participate in the Plan; motivate Participants to
achieve long-term Company goals; and further align Participants' interests with
those of the Company's other stockholders. The Plan is adopted as of June 18,
2003, subject to approval by the Company's stockholders within 12 months after
such adoption date. Unless the Plan is discontinued earlier by the Board as
provided herein, no Award shall be granted hereunder on or after the date 10
years after the Effective date.

Certain terms used herein are defined as set forth in SECTION 10.

2. ADMINISTRATION; ELIGIBILITY.

The Plan shall be administered by a Committee appointed by the Board; provided,
however, that, if at any time no Committee has been appointed, the Plan shall be
administered by the Board. The Plan may be administered by different Committees
with respect to different groups of Eligible Individuals. As used herein, the
term "Administrator" means the Board or any of its Committees as shall be
administering the Plan.

The Administrator shall have plenary authority to grant Awards pursuant to the
terms of the Plan to Eligible Individuals. Participation shall be limited to
such persons as are selected by the Administrator. Awards may be granted as
alternatives to, in exchange or substitution for, or replacement of, awards
outstanding under the Plan or any other plan or arrangement of the Company or a
Subsidiary (including a plan or arrangement of a business or entity, all or a
portion of which is acquired by the Company or a Subsidiary). The provisions of
Awards need not be the same with respect to each Participant.

Among other things, the Administrator shall have the authority, subject to the
terms of the Plan:

         (a)  to select the Eligible Individuals to whom Awards may from time to
              time be granted;

         (b)  to determine whether and to what extent Stock Options, Stock
              Appreciation Rights, Stock Awards or any combination thereof are
              to be granted hereunder;

         (c)  to determine the number of shares of Stock to be covered by each
              Award granted hereunder;

         (d)  to approve forms of agreement for use under the Plan;

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         (e)  to determine the terms and conditions, not inconsistent with the
              terms of this Plan, of any Award granted hereunder (including, but
              not limited to, the option price, any vesting restriction or
              limitation, any vesting acceleration or forfeiture waiver and any
              right of repurchase, right of first refusal or other transfer
              restriction regarding any Award and the shares of Stock relating
              thereto, based on such factors or criteria as the Administrator
              shall determine);

         (f)  subject to SECTION 8(A), to modify, amend or adjust the terms and
              conditions of any Award, at any time or from time to time,
              including, but not limited to, with respect to (i) performance
              goals and targets applicable to performance-based Awards pursuant
              to the terms of the Plan and (ii) extension of the
              post-termination exercisability period of Stock Options;

         (g)  to determine to what extent and under what circumstances Stock and
              other amounts payable with respect to an Award shall be deferred;

         (h)  to determine the Fair Market Value; and

         (i)  to determine the type and amount of consideration to be received
              by the Company for any Stock Award issued under SECTION 6.

The Administrator shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it shall,
from time to time, deem advisable, to interpret the terms and provisions of the
Plan and any Award issued under the Plan (and any agreement relating thereto)
and to otherwise supervise the administration of the Plan.

Except to the extent prohibited by applicable law, the Administrator may
allocate all or any portion of its responsibilities and powers to any one or
more of its members and may delegate all or any portion of its responsibilities
and powers to any other person or persons selected by it. Any such allocation or
delegation may be revoked by the Administrator at any time. The Administrator
may authorize any one or more of its members or any officer of the Company to
execute and deliver documents on behalf of the Administrator.

Any determination made by the Administrator or pursuant to delegated authority
pursuant to the provisions of the Plan with respect to any Award shall be made
in the sole discretion of the Administrator or such delegate at the time of the
grant of the Award or, unless in contravention of any express term of the Plan,
at any time thereafter. All decisions made by the Administrator or any
appropriately delegated officer pursuant to the provisions of the Plan shall be
final and binding on all persons, including the Company and Participants.

No member of the Administrator, and no officer of the Company, shall be liable
for any action taken or omitted to be taken by such individual or by any other
member of the Administrator or officer of the Company in connection with the
performance of duties under this Plan, except for such individual's own willful
misconduct or as expressly provided by law.

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3. STOCK SUBJECT TO PLAN.

Subject to adjustment as provided in this SECTION 3, the number of shares of
Stock that may be delivered under the Plan shall not exceed 2,191,256 shares of
Stock, which equals the number of shares of Stock that are and may become
available under the 1991 Plan. Of these 2,191,256 shares of Stock, however, only
683,241 are immediately available for Awards under the Plan. If and when any of
the outstanding awards relating to the shares of Stock under the 1991 Plan
terminate, expire, lapse or are otherwise canceled, those authorized shares of
Stock will then become available for Awards under the Plan.

To the extent any shares of Stock covered by an Award are not delivered to a
Participant or beneficiary thereof because the Award expires, is forfeited,
canceled or otherwise terminated, or the shares of Stock are not delivered
because the Award is settled in cash or used to satisfy the applicable tax
withholding obligation, such shares shall not be deemed to have been delivered
for purposes of determining the maximum number of shares of Stock available for
delivery under the Plan.

Subject to adjustment as provided in this SECTION 3, the maximum number of
shares that may be covered by Stock Options, Stock Appreciation Rights and Stock
Awards, in the aggregate, granted to any one Participant during any calendar
year shall be 500,000 shares.

In the event of any Company stock dividend, stock split, combination or exchange
of shares, recapitalization or other change in the capital structure of the
Company, corporate separation or division of the Company (including, but not
limited to, a split-up, spin-off, split-off or distribution to Company
stockholders other than a normal cash dividend), sale by the Company of all or a
substantial portion of its assets (measured on either a stand-alone or
consolidated basis), reorganization, rights offering, partial or complete
liquidation, or any other corporate transaction, Company share offering or other
event involving the Company and having an effect similar to any of the
foregoing, the Administrator may make such substitution or adjustments in the
(A) number and kind of shares that may be delivered under the Plan, (B)
additional maximums imposed in the immediately preceding paragraph, (C) number
and kind of shares subject to outstanding Awards, (D) exercise price of
outstanding Stock Options and Stock Appreciation Rights and (E) other
characteristics or terms of the Awards as it may determine appropriate in its
sole discretion to equitably reflect such corporate transaction, share offering
or other event; provided, however, that the number of shares subject to any
Award shall always be a whole number.

4. STOCK OPTIONS.

Stock Options may be granted alone or in addition to other Awards granted under
the Plan and may be of two types: Incentive Stock Options and Non-Qualified
Stock Options. Any Stock Option granted under the Plan shall be in such form as
the Administrator may from time to time approve.

The Administrator shall have the authority to grant any Participant Incentive
Stock Options, Non-Qualified Stock Options or both types of Stock Options (in
each case with or without Stock Appreciation Rights). Incentive Stock Options
may be granted only to employees of the

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Company and its subsidiaries (within the meaning of Section 424(f) of the Code).
To the extent that any Stock Option is not designated as an Incentive Stock
Option or, even if so designated, does not qualify as an Incentive Stock Option,
it shall constitute a Non-Qualified Stock Option. Incentive Stock Options may be
granted only within 10 years from the date the Plan is adopted, or the date the
Plan is approved by the Company's stockholders, whichever is earlier.

Stock Options shall be evidenced by option agreements, each in a form approved
by the Administrator. An option agreement shall indicate on its face whether it
is intended to be an agreement for an Incentive Stock Option or a Non-Qualified
Stock Option. The grant of a Stock Option shall occur as of the date the
Administrator determines.

Anything in the Plan to the contrary notwithstanding, no term of the Plan
relating to Incentive Stock Options shall be interpreted, amended or altered,
nor shall any discretion or authority granted under the Plan be exercised, so as
to disqualify the Plan under Section 422 of the Code or, without the consent of
the Optionee affected, to disqualify any Incentive Stock Option under Section
422 of the Code.

To the extent that the aggregate Fair Market Value of Stock with respect to
which Incentive Stock Options are exercisable for the first time by a
Participant during any calendar year (under all plans of the Company) exceeds
$100,000, such Stock Options shall be treated as Non-Qualified Stock Options.

Stock Options granted under this SECTION 4 shall be subject to the following
terms and conditions and shall contain such additional terms and conditions as
the Administrator shall deem desirable:

         (a)  Exercise Price. The exercise price per share of Stock purchasable
              under a Stock Option shall be determined by the Administrator. If
              the Stock Option is intended to qualify as an Incentive Stock
              Option, the exercise price per share shall be not less than the
              Fair Market Value per share on the date the Stock Option is
              granted, or if granted to an individual who is a Ten Percent
              Holder, not less than 110% of such Fair Market Value per share.

         (b)  Option Term. The term of each Stock Option shall be fixed by the
              Administrator, but no Incentive Stock Option shall be exercisable
              more than 10 years (or five years in the case of an individual who
              is a Ten Percent Holder) after the date the Incentive Stock Option
              is granted.

         (c)  Exercisability. Except as otherwise provided herein, Stock Options
              shall be exercisable at such time or times, and subject to such
              terms and conditions, as shall be determined by the Administrator.
              If the Administrator provides that any Stock Option is exercisable
              only in installments, the Administrator may at any time waive such
              installment exercise provisions, in whole or in part, based on
              such factors as the Administrator may determine. In addition, the
              Administrator may at any time, in whole or in part, accelerate the
              exercisability of any Stock Option.

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         (d)  Method of Exercise. Subject to the provisions of this SECTION 4,
              Stock Options may be exercised, in whole or in part, at any time
              during the option term by giving written notice of exercise to the
              Company specifying the number of shares of Stock subject to the
              Stock Option to be purchased.

              The option price of any Stock Option shall be paid in full in cash
              (by certified or bank check or such other instrument as the
              Company may accept) or, unless otherwise provided in the
              applicable option agreement, by one or more of the following: (i)
              in the form of unrestricted Stock already owned by the Optionee
              (or, in the case of the exercise of a Non-Qualified Stock Option,
              Restricted Stock subject to a Stock Award hereunder) based in any
              such instance on the Fair Market Value of the Stock on the date
              the Stock Option is exercised; (ii) by certifying ownership of
              shares of Stock owned by the Optionee to the satisfaction of the
              Administrator for later delivery to the Company as specified by
              the Company; (iii) unless otherwise prohibited by law for either
              the Company or the Optionee, by irrevocably authorizing a third
              party to sell shares of Stock (or a sufficient portion of the
              shares) acquired upon exercise of the Stock Option and remit to
              the Company a sufficient portion of the sale proceeds to pay the
              entire exercise price and any tax withholding resulting from such
              exercise; or (iv) by any combination of cash and/or any one or
              more of the methods specified in clauses (i), (ii) and (iii).
              Notwithstanding the foregoing, a form of payment shall not be
              permitted to the extent it would cause the Company to recognize a
              compensation expense (or additional compensation expense) with
              respect to the Stock Option for financial reporting purposes.

              If payment of the option exercise price of a Non-Qualified Stock
              Option is made in whole or in part in the form of Restricted
              Stock, the number of shares of Stock to be received upon such
              exercise equal to the number of shares of Restricted Stock used
              for payment of the option exercise price shall be subject to the
              same forfeiture restrictions to which such Restricted Stock was
              subject, unless otherwise determined by the Administrator.

              No shares of Stock shall be issued upon exercise of a Stock Option
              until full payment therefore has been made. Upon exercise of a
              Stock Option (or a portion thereof), the Company shall have a
              reasonable time to issue the Stock for which the Stock Option has
              been exercised, and the Optionee shall not be treated as a
              stockholder for any purposes whatsoever prior to such issuance. No
              adjustment shall be made for cash dividends or other rights for
              which the record date is prior to the date such Stock is recorded
              as issued and transferred in the Company's official stockholder
              records, except as otherwise provided herein or in the applicable
              option agreement.

         (e)  Transferability of Stock Options. Except as otherwise provided in
              the applicable option agreement, a Non-Qualified Stock Option (i)
              shall be transferable by the Optionee to a Family Member of the
              Optionee, provided that (A) any such transfer shall be by gift
              with no consideration and (B) no subsequent transfer of

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              such Stock Option shall be permitted other than by will or the
              laws of descent and distribution, and (ii) shall not otherwise be
              transferable except by will or the laws of descent and
              distribution. An Incentive Stock Option shall not be transferable
              except by will or the laws of descent and distribution. A Stock
              Option shall be exercisable, during the Optionee's lifetime, only
              by the Optionee or by the guardian or legal representative of the
              Optionee, it being understood that the terms "holder" and
              "Optionee" include the guardian and legal representative of the
              Optionee named in the applicable option agreement and any person
              to whom the Stock Option is transferred (X) pursuant to the first
              sentence of this SECTION 4(E) or pursuant to the applicable option
              agreement or (Y) by will or the laws of descent and distribution.
              Notwithstanding the foregoing, references herein to the
              termination of an Optionee's employment or provision of services
              shall mean the termination of employment or provision of services
              of the person to whom the Stock Option was originally granted.

         (f)  Termination by Death. Unless otherwise provided in the applicable
              option agreement, if an Optionee's employment or provision of
              services terminates by reason of death, any Stock Option held by
              such Optionee may thereafter be exercised, to the extent then
              exercisable, or on such accelerated basis as the Administrator may
              determine, for a period of one year from the date of such death or
              until the expiration of the stated term of such Stock Option,
              whichever period is shorter. In the event of termination of
              employment or provision of services due to death, if an Incentive
              Stock Option is exercised after the expiration of the exercise
              periods that apply for purposes of Section 422 of the Code, such
              Stock Option will thereafter be treated as a Non-Qualified Stock
              Option.

         (g)  Termination by Reason of Disability. Unless otherwise provided in
              the applicable option agreement, if an Optionee's employment or
              provision of services terminates by reason of Disability, any
              Stock Option held by such Optionee may thereafter be exercised by
              the Optionee, to the extent it was exercisable at the time of
              termination, or on such accelerated basis as the Administrator may
              determine, for a period of one year from the date of such
              termination of employment or provision of services or until the
              expiration of the stated term of such Stock Option, whichever
              period is shorter; provided, however, that if the Optionee dies
              within such period, an unexercised Stock Option held by such
              Optionee shall, notwithstanding the expiration of such period,
              continue to be exercisable to the extent to which it was
              exercisable at the time of death for a period of one year from the
              date of such death or until the expiration of the stated term of
              such Stock Option, whichever period is shorter. In the event of
              termination of employment or provision of services by reason of
              Disability, if an Incentive Stock Option is exercised after the
              expiration of the exercise periods that apply for purposes of
              Section 422 of the Code, such Stock Option will thereafter be
              treated as a Non-Qualified Stock Option.

         (h)  Termination by Reason of Retirement. Unless otherwise provided in
              the applicable  option agreement, if an Optionee's employment or
              provision of

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              services terminates by reason of Retirement, any Stock Option held
              by such Optionee may thereafter be exercised by the Optionee, to
              the extent it was exercisable at the time of such Retirement, or
              on such accelerated basis as the Administrator may determine, for
              a period of one year from the date of such termination of
              employment or provision of services or until the expiration of the
              stated term of such Stock Option, whichever period is shorter;
              provided, however, that if the Optionee dies within such period,
              any unexercised Stock Option held by such Optionee shall,
              notwithstanding the expiration of such period, continue to be
              exercisable to the extent to which it was exercisable at the time
              of death for a period of one year from the date of such death or
              until the expiration of the stated term of such Stock Option,
              whichever period is shorter. In the event of termination of
              employment or provision of services by reason of Retirement, if an
              Incentive Stock Option is exercised after the expiration of the
              exercise periods that apply for purposes of Section 422 of the
              Code, such Stock Option will thereafter be treated as a
              Non-Qualified Stock Option.

         (i)  Other Termination. Unless otherwise provided in the applicable
              option agreement, if an Optionee's employment or provision of
              services terminates for any reason other than death, Disability or
              Retirement, any Stock Option held by such Optionee shall thereupon
              terminate; provided, however, that, if such termination of
              employment or provision of services is involuntary on the part of
              the Optionee and without Cause, such Stock Option, to the extent
              then exercisable, or on such accelerated basis as the
              Administrator may determine, may be exercised for the lesser of 90
              days from the date of such termination of employment or provision
              of services or the remainder of such Stock Option's term, and
              provided, further, that if the Optionee dies within such period,
              any unexercised Stock Option held by such Optionee shall,
              notwithstanding the expiration of such period, continue to be
              exercisable to the extent to which it was exercisable at the time
              of death for a period of one year from the date of such death or
              until the expiration of the stated term of such Stock Option,
              whichever period is shorter. In the event of termination of
              employment or provision of services for any reason other than
              death, Disability or Retirement, if an Incentive Stock Option is
              exercised after the expiration of the exercise periods that apply
              for purposes of Section 422 of the Code, such Stock Option will
              thereafter be treated as a Non-Qualified Stock Option.

         (j)  Exception to Termination. Notwithstanding anything in this Plan to
              the contrary, if an Optionee's employment by, or provision of
              services to, the Company or an Affiliate ceases as a result of a
              transfer of such Optionee from the Company to an Affiliate, or
              from an Affiliate to the Company, such transfer will not be a
              termination of employment or provision of services for purposes of
              this Plan, unless expressly determined otherwise by the
              Administrator. A termination of employment or provision of
              services shall occur for an Optionee who is employed by, or
              provides services to, an Affiliate of the Company if the Affiliate
              shall cease to be an Affiliate and the Optionee shall not
              immediately thereafter be employed by, or provide services to, the
              Company or an Affiliate.

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         (k)  Participant Loans. Unless otherwise prohibited by law for either
              the Company or the Optionee, the Administrator may in its
              discretion authorize the Company to:

              (i)  lend to an Optionee an amount equal to such portion of the
                   exercise price of a Stock Option as the Administrator may
                   determine; or

              (ii) guarantee a loan obtained by an Optionee from a third-party
                   for the purpose of tendering such exercise price.

              The terms and conditions of any loan or guarantee, including the
              term, interest rate, whether the loan is with recourse against the
              Optionee and any security interest thereunder, shall be determined
              by the Administrator, except that no extension of credit or
              guarantee shall obligate the Company for an amount to exceed the
              lesser of (i) the aggregate Fair Market Value on the date of
              exercise, less the par value, of the shares of Stock to be
              purchased upon the exercise of the Stock Option, and (ii) the
              amount permitted under applicable laws or the regulations and
              rules of the Federal Reserve Board and any other governmental
              agency having jurisdiction.

         (l)  Automatic Grants To Directors. Notwithstanding anything in this
              Plan to the contrary, each non-employee Director shall
              automatically be granted nonstatutory options ("Automatic Option
              Grants") to purchase the following number of shares of Stock
              (subject to adjustment hereunder) on the dates and pursuant to the
              terms and conditions set forth below: (i) each person who is first
              elected or appointed as a non-employee Director shall receive, on
              the effective date of such initial election or appointment, an
              Automatic Option Grant to purchase 10,000 shares of Stock, and
              (ii) on the last business day of the second quarter (the
              "Automatic Grant Date") of each fiscal year of the Company, each
              individual who is at that time serving as a non-employee Director
              shall receive an Automatic Option Grant to purchase an additional
              5,000 shares of Stock, or any other number not to exceed 10,000
              shares as may be set by the Administrator from time to time;
              provided, however, that an individual who is first elected or
              appointed as a non-employee Director shall not receive his or her
              first Automatic Option Grant for 5,000 shares under this
              subparagraph (l)(ii) until the last business day of the second
              quarter of the fiscal year immediately following the fiscal year
              of his or her initial election or appointment to the Board.

              Notwithstanding anything in this Plan to the contrary, the terms
              applicable to each Automatic Option Grant shall be as follows:

              (i)  The exercise price per share of Stock shall be equal to 100%
                   of the Fair Market Value of one share of Stock on the date of
                   grant;

              (ii) Each Automatic Option Grant shall have a maximum term of ten
                   (10) years, measured from the date of grant;

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              (iii) Unless otherwise provided herein, each Automatic Option
                    Grant shall become exercisable as to twenty-five percent
                    (25%) of the option shares on the last business day of the
                    fiscal quarter immediately following the date of grant and
                    as to an additional twenty-five percent (25%) of the option
                    shares on the last business day of each of the next three
                    (3) fiscal quarters thereafter, provided the Optionee
                    continues to serve as a Director;

              (iv)  The Stock Option shall terminate three (3) months (twelve
                    (12) months in the case of cessation by reason of Disability
                    or death) after the Optionee ceases to serve as a Director
                    unless the Stock Option would terminate sooner hereunder. In
                    the case of death, the Stock Option may be exercised within
                    the applicable period by the estate or heirs of the
                    Optionee; and

              (v)   The exercisability of the Stock Option shall be subject to
                    the acceleration provisions contained in this Plan.

5. STOCK APPRECIATION RIGHTS.

Stock Appreciation Rights may be granted either on a stand-alone basis or in
conjunction with all or part of any Stock Option granted under the Plan. In the
case of a Non-Qualified Stock Option, such rights may be granted either at or
after the time of grant of such Stock Option. In the case of an Incentive Stock
Option, such rights may be granted only at the time of grant of such Stock
Option. A Stock Appreciation Right shall terminate and no longer be exercisable
as determined by the Administrator, or, if granted in conjunction with all or
part of any Stock Option, upon the termination or exercise of the related Stock
Option.

A Stock Appreciation Right may be exercised by a Participant as determined by
the Administrator in accordance with this SECTION 5, and, if granted in
conjunction with all or part of any Stock Option, by surrendering the applicable
portion of the related Stock Option in accordance with procedures established by
the Administrator. Upon such exercise and surrender, the Participant shall be
entitled to receive an amount determined in the manner prescribed in this
SECTION 5. Stock Options which have been so surrendered, if any, shall no longer
be exercisable to the extent the related Stock Appreciation Rights have been
exercised.

Stock Appreciation Rights shall be subject to such terms and conditions as shall
be determined by the Administrator, including the following:

              (i)   Stock Appreciation Rights granted on a stand-alone basis
                    shall be exercisable only at such time or times and to such
                    extent as determined by the Administrator. Stock
                    Appreciation Rights granted in conjunction with all or part
                    of any Stock Option shall be exercisable only at the time or
                    times and to the extent that the Stock Options to which they
                    relate are exercisable in accordance with the provisions of
                    SECTION 4 and this SECTION 5.

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              (ii)  Upon the exercise of a Stock Appreciation Right, a
                    Participant shall be entitled to receive an amount in cash,
                    shares of Stock or both, which in the aggregate are equal in
                    value to the excess of the Fair Market Value of one share of
                    Stock over (i) such value per share of Stock as shall be
                    determined by the Administrator at the time of grant (if the
                    Stock Appreciation Right is granted on a stand-alone basis),
                    or (ii) the exercise price per share specified in the
                    related Stock Option (if the Stock Appreciation Right is
                    granted in conjunction with all or part of any Stock
                    Option), multiplied by the number of shares in respect of
                    which the Stock Appreciation Right shall have been
                    exercised, with the Administrator having the right to
                    determine the form of payment.

              (iii) A Stock Appreciation Right shall be transferable only to,
                    and shall be exercisable only by, such persons permitted in
                    accordance with SECTION 4(E).

6. STOCK AWARDS OTHER THAN OPTIONS.

Stock Awards may be directly issued under the Plan (without any intervening
options), subject to such terms, conditions, performance requirements,
restrictions, forfeiture provisions, contingencies and limitations as the
Administrator shall determine. Stock Awards may be issued which are fully and
immediately vested upon issuance or which vest in one or more installments over
the Participant's period of employment or other service to the Company or upon
the attainment of specified performance objectives, or the Company may issue
Stock Awards which entitle the Participant to receive a specified number of
vested shares of Stock upon the attainment of one or more performance goals or
service requirements established by the Administrator.

Shares representing a Stock Award shall be evidenced in such manner as the
Administrator may deem appropriate, including book-entry registration or
issuance of one or more certificates (which may bear appropriate legends
referring to the terms, conditions and restrictions applicable to such Award).
The Administrator may require that any such certificates be held in custody by
the Company until any restrictions thereon shall have lapsed and that the
Participant deliver a stock power, endorsed in blank, relating to the Stock
covered by such Award.

A Stock Award may be issued in exchange for any consideration which the
Administrator may deem appropriate in each individual instance, including,
without limitation:

              (i)   cash or cash equivalents;

              (ii)  past services rendered to the Company or any Affiliate; or

              (iii) future services to be rendered to the Company or any
                    Affiliate (provided that, in such case, the par value of the
                    stock subject to such Stock Award shall be paid in cash or
                    cash equivalents, unless the Administrator provides
                    otherwise).

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A Stock Award that is subject to restrictions on transfer and/or forfeiture
provisions may be referred to as an award of "Restricted Stock" or "Restricted
Stock Units."

7. CHANGE IN CONTROL PROVISIONS.

         (a)  Impact of Event. Notwithstanding any other provision of the Plan
              to the contrary, in the event of a Change in Control:

              (i)   Any Stock Options and Stock Appreciation Rights outstanding
                    as of the date such Change in Control is determined to have
                    occurred and not then exercisable and vested shall become
                    fully exercisable and vested to the full extent of the
                    original grant;

              (ii)  The restrictions applicable to any outstanding Stock Award
                    shall lapse, and the Stock relating to such Award shall
                    become free of all restrictions and become fully vested and
                    transferable to the full extent of the original grant;

              (iii) All outstanding repurchase rights of the Company with
                    respect to any outstanding Awards shall terminate; and

              (iv)  Outstanding Awards shall be subject to any agreement of
                    merger or reorganization that effects such Change in
                    Control, which agreement shall provide for:

                    (A)  The continuation of the outstanding Awards by the
                         Company, if the Company is a surviving corporation;

                    (B)  The assumption of the outstanding awards by the
                         surviving corporation or its parent or subsidiary;

                    (C)  The substitution by the surviving corporation or its
                         parent or subsidiary of equivalent awards for the
                         outstanding Awards; or

                    (D)  Settlement of each share of Stock subject to an
                         outstanding Award for the Change in Control Price
                         (less, to the extent applicable, the per share exercise
                         price), or, if the per share exercise price equals or
                         exceeds the Change in Control Price, the outstanding
                         Award shall terminate and be canceled.

              (v)   In the absence of any agreement of merger or reorganization
                    effecting such Change in Control, each share of Stock
                    subject to an outstanding Award shall be settled for the
                    Change in Control Price (less, to the extent applicable, the
                    per share exercise price), or, if the per share exercise
                    price equals or exceeds the Change in Control Price, the
                    outstanding Award shall terminate and be canceled.

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         (b)  Definition of Change in Control. For purposes of the Plan, a
              "Change in Control" shall mean the happening of any of the
              following events:

              (i)   An acquisition by any individual, entity or group (within
                    the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange
                    Act) (a "Person") of beneficial ownership (within the
                    meaning of Rule 13d-3 promulgated under the Exchange Act) of
                    30% or more of either (1) the then outstanding shares of
                    common stock of the Company (the "Outstanding Company Common
                    Stock") or (2) the combined voting power of the then
                    outstanding voting securities of the Company entitled to
                    vote generally in the election of directors (the
                    "Outstanding Company Voting Securities"); excluding,
                    however, the following: (1) any acquisition directly from
                    the Company, other than an acquisition by virtue of the
                    exercise of a conversion privilege unless the security being
                    so converted was itself acquired directly from the Company,
                    (2) any acquisition by the Company; (3) any acquisition by
                    any employee benefit plan (or related trust) sponsored or
                    maintained by the Company or any corporation controlled by
                    the Company; or (4) any acquisition by any Person pursuant
                    to a transaction which complies with clauses (1), (2) and
                    (3) of subsection (iii) of this SECTION 7(B); or

              (ii)  Within any period of 24 consecutive months, a change in the
                    composition of the Board such that the individuals who,
                    immediately prior to such period, constituted the Board
                    (such Board shall be hereinafter referred to as the
                    "Incumbent Board") cease for any reason to constitute at
                    least a majority of the Board; provided, however, for
                    purposes of this SECTION 7(B), that any individual who
                    becomes a member of the Board during such period, whose
                    election, or nomination for election by the Company's
                    stockholders, was approved by a vote of at least a majority
                    of those individuals who are members of the Board and who
                    were also members of the Incumbent Board (or deemed to be
                    such pursuant to this provision) shall be considered as
                    though such individual were a member of the Incumbent Board;
                    but, provided further, that any such individual whose
                    initial assumption of office occurs as a result of either an
                    actual or threatened election contest (as such terms are
                    used in Rule 14a-11 of Regulation 14A promulgated under the
                    Exchange Act) or other actual or threatened solicitation of
                    proxies or consents by or on behalf of a Person other than
                    the Board shall not be so considered as a member of the
                    Incumbent Board; or

              (iii) The approval by the stockholders of the Company of a
                    reorganization, merger or consolidation or sale or other
                    disposition of all or substantially all of the assets of the
                    Company ("Corporate Transaction"); excluding, however, such
                    a Corporate Transaction pursuant to which (1) all or
                    substantially all of the individuals and entities who are
                    the beneficial owners, respectively, of the Outstanding
                    Company Common Stock and

                                       12
<PAGE>

                    Outstanding Company Voting Securities immediately prior to
                    such Corporate Transaction will beneficially own, directly
                    or indirectly, more than 60% of, respectively, the
                    outstanding shares of common stock, and the combined voting
                    power of the then outstanding voting securities entitled to
                    vote generally in the election of directors, as the case may
                    be, of the corporation resulting from such Corporate
                    Transaction (including, without limitation, a corporation
                    which as a result of such transaction owns the Company or
                    all or substantially all of the Company's assets, either
                    directly or through one or more subsidiaries) in
                    substantially the same proportions as their ownership,
                    immediately prior to such Corporate Transaction, of the
                    Outstanding Company Common Stock and Outstanding Company
                    Voting Securities, as the case may be, (2) no Person (other
                    than the Company; any employee benefit plan (or related
                    trust) sponsored or maintained by the Company, by any
                    corporation controlled by the Company, or by such
                    corporation resulting from such Corporate Transaction) will
                    beneficially own, directly or indirectly, more than 30% of,
                    respectively, the outstanding shares of common stock of the
                    corporation resulting from such Corporate Transaction or the
                    combined voting power of the outstanding voting securities
                    of such corporation entitled to vote generally in the
                    election of directors, except to the extent that such
                    ownership existed with respect to the Company prior to the
                    Corporate Transaction, and (3) individuals who were members
                    of the Board immediately prior to the approval by the
                    stockholders of the Corporation of such Corporate
                    Transaction will constitute at least a majority of the
                    members of the board of directors of the corporation
                    resulting from such Corporate Transaction; or

              (iv)  The approval by the stockholders of the Company of a
                    complete liquidation or dissolution of the Company, other
                    than to a corporation pursuant to a transaction which would
                    comply with clauses (1), (2) and (3) of subsection (iii) of
                    this SECTION 7(B), assuming for this purpose that such
                    transaction were a Corporate Transaction.

         (c)  Change in Control Price. For purposes of the Plan, "Change in
              Control Price" means the highest of (i) the highest reported sales
              price, regular way, of a share of Stock in any transaction
              reported on the New York Stock Exchange Composite Tape or other
              national securities exchange on which such shares are listed or on
              Nasdaq, as applicable, during the 60-day period prior to and
              including the date of a Change in Control, (ii) if the Change in
              Control is the result of a tender or exchange offer or a Corporate
              Transaction, the highest price per share of Stock paid in such
              tender or exchange offer or Corporate Transaction, and (iii) the
              Fair Market Value of a share of Stock upon the Change in Control.
              To the extent that the consideration paid in any such transaction
              described above consists all or in part of securities or other
              non-cash consideration, the value of such securities or other
              non-cash consideration shall be determined in the sole discretion
              of the Board.

                                       13
<PAGE>

8. MISCELLANEOUS.

         (a)  Amendment. The Board may amend, alter, or discontinue the Plan,
              but no amendment, alteration or discontinuation shall be made
              which would adversely affect the rights of a Participant under an
              Award theretofore granted without the Participant's consent,
              except such an amendment (i) made to avoid an expense charge to
              the Company or an Affiliate, or (ii) made to permit the Company or
              an Affiliate a deduction under the Code. No such amendment shall
              be made without the approval of the Company's stockholders to the
              extent such approval is required by law, agreement or the rules of
              any stock exchange or market on which the Stock is listed.

              The Administrator may amend the terms of any Stock Option or other
              Award theretofore granted, prospectively or retroactively, but no
              such amendment shall adversely affect the rights of the holder
              thereof without the holder's consent.

         (b)  Unfunded Status of Plan. It is intended that this Plan be an
              "unfunded" plan for incentive and deferred compensation. The
              Administrator may authorize the creation of trusts or other
              arrangements to meet the obligations created under this Plan to
              deliver Stock or make payments, provided that, unless the
              Administrator otherwise determines, the existence of such trusts
              or other arrangements is consistent with the "unfunded" status of
              this Plan.

         (c)  General Provisions.

              (i)   The Administrator may require each person purchasing or
                    receiving shares pursuant to an Award to represent to and
                    agree with the Company in writing that such person is
                    acquiring the shares without a view to the distribution
                    thereof. The certificates for such shares may include any
                    legend which the Administrator deems appropriate to reflect
                    any restrictions on transfer.

                    All certificates for shares of Stock or other securities
                    delivered under the Plan shall be subject to such stock
                    transfer orders and other restrictions as the Administrator
                    may deem advisable under the rules, regulations and other
                    requirements of the Commission, any stock exchange or market
                    on which the Stock is then listed and any applicable Federal
                    or state securities law, and the Administrator may cause a
                    legend or legends to be put on any such certificates to make
                    appropriate reference to such restrictions.

              (ii)  Nothing contained in the Plan shall prevent the Company or
                    any Affiliate from adopting other or additional compensation
                    arrangements for its employees.

              (iii) The adoption of the Plan shall not confer upon any employee,
                    director, consultant or advisor any right to continued
                    employment, directorship or

                                       14
<PAGE>

                     service, nor shall it interfere in any way with the right
                     of the Company or any Subsidiary or Affiliate to terminate
                     the employment or service of any employee, consultant or
                     advisor at any time.

              (iv)   No later than the date as of which an amount first becomes
                     includible in the gross income of the Participant for
                     Federal income tax purposes with respect to any Award under
                     the Plan, the Participant shall pay to the Company, or make
                     arrangements satisfactory to the Company regarding the
                     payment of, any Federal, state, local or foreign taxes of
                     any kind required by law to be withheld with respect to
                     such amount. Unless otherwise determined by the
                     Administrator, withholding obligations may be settled with
                     Stock, including Stock that is part of the Award that gives
                     rise to the withholding requirement. The obligations of the
                     Company under the Plan shall be conditional on such payment
                     or arrangements, and the Company, its Subsidiaries and its
                     Affiliates shall, to the extent permitted by law, have the
                     right to deduct any such taxes from any payment otherwise
                     due to the Participant. The Administrator may establish
                     such procedures as it deems appropriate for the settlement
                     of withholding obligations with Stock.

              (v)    The Administrator shall establish such procedures as it
                     deems appropriate for a Participant to designate a
                     beneficiary to whom any amounts payable in the event of the
                     Participant's death are to be paid.

              (vi)   Any amounts owed to the Company or an Affiliate by the
                     Participant of whatever nature may be offset by the Company
                     from the value of any shares of Stock, cash or other thing
                     of value under this Plan or an agreement to be transferred
                     to the Participant, and no shares of Stock, cash or other
                     thing of value under this Plan or an agreement shall be
                     transferred unless and until all disputes between the
                     Company and the Participant have been fully and finally
                     resolved and the Participant has waived all claims to such
                     against the Company or an Affiliate.

              (vii)  The grant of an Award shall in no way affect the right of
                     the Company to adjust, reclassify, reorganize or otherwise
                     change its capital or business structure or to merge,
                     consolidate, dissolve, liquidate or sell or transfer all or
                     any part of its business or assets.

              (viii) If any payment or right accruing to a Participant under
                     this Plan (without the application of this SECTION
                     (8)(C)(VIII)), either alone or together with other payments
                     or rights accruing to the Participant from the Company or
                     an Affiliate ("Total Payments") would constitute a
                     "parachute payment" (as defined in Section 280G of the Code
                     and regulations thereunder), such payment or right shall be
                     reduced to the largest amount or greatest right that will
                     result in no portion of the amount payable or right
                     accruing under this Plan being subject to an excise tax
                     under Section 4999 of the Code or

                                       15
<PAGE>

                     being disallowed as a deduction under Section 280G of the
                     Code; provided, however, that the foregoing shall not apply
                     to the extent provided otherwise in an Award or in the
                     event the Participant is party to an agreement with the
                     Company or an Affiliate that explicitly provides for an
                     alternate treatment of payments or rights that would
                     constitute "parachute payments." The determination of
                     whether any reduction in the rights or payments under this
                     Plan is to apply shall be made by the Administrator in good
                     faith after consultation with the Participant, and such
                     determination shall be conclusive and binding on the
                     Participant. The Participant shall cooperate in good faith
                     with the Administrator in making such determination and
                     providing the necessary information for this purpose. The
                     foregoing provisions of this SECTION 8(C)(VIII) shall apply
                     with respect to any person only if, after reduction for any
                     applicable Federal excise tax imposed by Section 4999 of
                     the Code and Federal income tax imposed by the Code, the
                     Total Payments accruing to such person would be less than
                     the amount of the Total Payments as reduced, if applicable,
                     under the foregoing provisions of this Plan and after
                     reduction for only Federal income taxes.

              (ix)   To the extent that the Administrator determines that the
                     restrictions imposed by the Plan preclude the achievement
                     of the material purposes of the Awards in jurisdictions
                     outside the United States, the Administrator in its
                     discretion may modify those restrictions as it determines
                     to be necessary or appropriate to conform to applicable
                     requirements or practices of jurisdictions outside of the
                     United States.

              (x)    The headings contained in this Plan are for reference
                     purposes only and shall not affect the meaning or
                     interpretation of this Plan.

              (xi)   If any provision of this Plan shall for any reason be held
                     to be invalid or unenforceable, such invalidity or
                     unenforceability shall not effect any other provision
                     hereby, and this Plan shall be construed as if such invalid
                     or unenforceable provision were omitted.

              (xii)  This Plan shall inure to the benefit of and be binding upon
                     each successor and assign of the Company. All obligations
                     imposed upon a Participant, and all rights granted to the
                     Company hereunder, shall be binding upon the Participant's
                     heirs, legal representatives and successors.

              (xiii) This Plan and each agreement granting an Award constitute
                     the entire agreement with respect to the subject matter
                     hereof and thereof, provided that in the event of any
                     inconsistency between this Plan and such agreement, the
                     terms and conditions of the Plan shall control.

              (xiv)  In the event there is an effective registration statement
                     under the Securities Act pursuant to which shares of Stock
                     shall be offered for sale in an

                                       16
<PAGE>

                     underwritten offering, a Participant shall not, during the
                     period requested by the underwriters managing the
                     registered public offering, effect any public sale or
                     distribution of shares of Stock received, directly or
                     indirectly, as an Award or pursuant to the exercise or
                     settlement of an Award.

              (xv)   None of the Company, an Affiliate or the Administrator
                     shall have any duty or obligation to disclose affirmatively
                     to a record or beneficial holder of Stock or an Award, and
                     such holder shall have no right to be advised of, any
                     material information regarding the Company or any Affiliate
                     at any time prior to, upon or in connection with receipt or
                     the exercise of an Award or the Company's purchase of Stock
                     or an Award from such holder in accordance with the terms
                     hereof.

              (xvi)  This Plan, and all Awards, agreements and actions
                     hereunder, shall be governed by, and construed in
                     accordance with, the laws of the state of Illinois (other
                     than its law respecting choice of law).

9. DEFERRAL OF AWARDS.

The Administrator (in its sole discretion) may permit a Participant to:

         (a)  have cash that otherwise would be paid to such Participant as a
              result of the exercise of a Stock Appreciation Right or the
              settlement of a Stock Award credited to a deferred compensation
              account established for such Participant by the Administrator as
              an entry on the Company's books;

         (b)  have Stock that otherwise would be delivered to such Participant
              as a result of the exercise of a Stock Option or a Stock
              Appreciation Right converted into an equal number of Stock units;
              or

         (c)  have Stock that otherwise would be delivered to such Participant
              as a result of the exercise of a Stock Option or Stock
              Appreciation Right or the settlement of a Stock Award converted
              into amounts credited to a deferred compensation account
              established for such Participant by the Administrator as an entry
              on the Company's books. Such amounts shall be determined by
              reference to the Fair Market Value of the Stock as of the date on
              which they otherwise would have been delivered to such
              Participant.

A deferred compensation account established under this SECTION 9 may be credited
with interest or other forms of investment return, as determined by the
Administrator. A Participant for whom such an account is established shall have
no rights other than those of a general creditor of the Company. Such an account
shall represent an unfunded and unsecured obligation of the Company and shall be
subject to the terms and conditions of the applicable agreement between such
Participant and the Company. If the deferral or conversion of awards is
permitted or required, the Administrator (in its sole discretion) may establish
rules, procedures and forms

                                       17
<PAGE>

pertaining to such awards, including (without limitation) the settlement of
deferred compensation accounts established under this SECTION 9.

10. DEFINITIONS.

For purposes of this Plan, the following terms are defined as set forth below:

         (a)  "Affiliate" means a corporation or other entity controlled by the
              Company and designated by the Administrator as such.

         (b)  "Award" means a Stock Appreciation Right, Stock Option or Stock
              Award.

         (c)  "Board" means the Board of Directors of the Company.

         (d)  "Cause" means (i) the conviction of the Participant for committing
              a felony under Federal law or the law of the state in which such
              action occurred, (ii) dishonesty in the course of fulfilling the
              Participant's duties as an employee or director of, or consultant
              or advisor to, the Company or (iii) willful and deliberate failure
              on the part of the Participant to perform such duties in any
              material respect. Notwithstanding the foregoing, if the
              Participant and the Company or the Affiliate have entered into an
              employment or services agreement which defines the term "Cause"
              (or a similar term), such definition shall govern for purposes of
              determining whether such Participant has been terminated for Cause
              for purposes of this Plan. The determination of Cause shall be
              made by the Administrator, in its sole discretion.

         (e)  "Code" means the Internal Revenue Code of 1986, as amended from
              time to time, and any successor thereto.

         (f)  "Commission" means the Securities and Exchange Commission or any
              successor agency.

         (g)  "Committee" means a committee of Directors appointed by the Board
              to administer this Plan. Insofar as the Committee is responsible
              for granting Awards to Participants hereunder, it shall consist
              solely of two or more directors, each of whom is a "non-employee
              director" within the meaning of Rule 16b-3, an "outside director"
              under Section 162(m) of the Code and an "independent director" as
              defined by the Sarbanes-Oxley Act of 2002 and the NASDAQ Rules.

         (h)  "Company" means Insurance Auto Auctions, Inc., an Illinois
              corporation.

         (i)  "Director" means a member of the Company's Board of Directors.

         (j)  "Disability" means mental or physical illness that entitles the
              Participant to receive benefits under the long-term disability
              plan of the Company or an Affiliate, or if the Participant is not
              covered by such a plan or the Participant is not an employee of
              the Company or an Affiliate, a mental or physical illness that

                                       18
<PAGE>

              renders a Participant totally and permanently incapable of
              performing the Participant's duties for the Company or an
              Affiliate; provided, however, that a Disability shall not qualify
              under this Plan if it is the result of (i) a willfully
              self-inflicted injury or willfully self-induced sickness; or (ii)
              an injury or disease contracted, suffered or incurred while
              participating in a criminal offense. Notwithstanding the
              foregoing, if the Participant and the Company or an Affiliate have
              entered into an employment or services agreement which defines the
              term "Disability" (or a similar term), such definition shall
              govern for purposes of determining whether such Participant
              suffers a Disability for purposes of this Plan. The determination
              of Disability shall be made by the Administrator, in its sole
              discretion. The determination of Disability for purposes of this
              Plan shall not be construed to be an admission of disability for
              any other purpose.

         (k)  "Effective Date" means June 18, 2003.

         (l)  "Eligible Individual" means any officer, employee or director of
              the Company or a Subsidiary or Affiliate, or any consultant or
              advisor providing services to the Company or a Subsidiary or
              Affiliate.

         (m)  "Exchange Act" means the Securities Exchange Act of 1934, as
              amended from time to time, and any successor thereto.

         (n)  "Fair Market Value" means, as of any given date, the fair market
              value of the Stock as determined by the Administrator or under
              procedures established by the Administrator. Unless otherwise
              determined by the Administrator, the Fair Market Value per share
              shall be the closing sales price per share of the Stock on Nasdaq
              (or the principal stock exchange or market on which the Stock is
              then traded) on the date as of which such value is being
              determined or the last previous day on which a sale was reported.

         (o)  "Family Member" means any child, stepchild, grandchild, parent,
              stepparent, grandparent, spouse, former spouse, sibling, niece,
              nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
              brother-in-law or sister-in-law of a Participant (including
              adoptive relationships); any person sharing the Participant's
              household (other than a tenant or employee); any trust in which
              the Participant and any of these persons have all of the
              beneficial interest; any foundation in which the Participant and
              any of these persons control the management of the assets; any
              corporation, partnership, limited liability company or other
              entity in which the Participant and any of these other persons are
              the direct and beneficial owners of all of the equity interests
              (provided the Participant and these other persons agree in writing
              to remain the direct and beneficial owners of all such equity
              interests); and any personal representative of the Participant
              upon the Participant's death for purposes of administration of the
              Participant's estate or upon the Participant's incompetency for
              purposes of the protection and management of the assets of the
              Participant.

                                       19
<PAGE>

         (p)  "Incentive Stock Option" means any Stock Option intended to be and
              designated as an "incentive stock option" within the meaning of
              Section 422 of the Code.

         (q)  "Nasdaq" means The Nasdaq Stock Market, including the Nasdaq
              National Market and the Nasdaq SmallCap Market.

         (r)  "Non-Qualified Stock Option" means any Stock Option that is not an
              Incentive Stock Option.

         (s)  "Optionee" means a person who holds a Stock Option.

         (t)  "Participant" means a person granted an Award.

         (u)  "Representative" means (i) the person or entity acting as the
              executor or administrator of a Participant's estate pursuant to
              the last will and testament of a Participant or pursuant to the
              laws of the jurisdiction in which the Participant had his or her
              primary residence at the date of the Participant's death; (ii) the
              person or entity acting as the guardian or temporary guardian of a
              Participant; (iii) the person or entity which is the beneficiary
              of the Participant upon or following the Participant's death; or
              (iv) any person to whom an Option has been transferred with the
              permission of the Administrator or by operation of law; provided
              that only one of the foregoing shall be the Representative at any
              point in time as determined under applicable law and recognized by
              the Administrator.

         (v)  "Retirement" means retirement from active employment under a
              pension plan of the Company or any subsidiary or Affiliate, or
              under an employment contract with any of them, or termination of
              employment or provision of services at or after age 55 under
              circumstances which the Administrator, in its sole discretion,
              deems equivalent to retirement.

         (w)  "Stock" means the common stock, par value $0.001 per share, of the
              Company.

         (x)  "Stock Appreciation Right" means a right granted under SECTION 5.

         (y)  "Stock Award" means an Award, other than a Stock Option or Stock
              Appreciation Right, made in Stock or denominated in shares of
              Stock.

         (z)  "Stock Option" means an option granted under SECTION 4.

         (aa) "Subsidiary" means any company during any period in which it is a
              "subsidiary corporation" (as such term is defined in Section
              424(f) of the Code) with respect to the Company.

         (bb) "Ten Percent Holder" means an individual who owns, or is deemed to
              own, stock possessing more than 10% of the total combined voting
              power of all classes of

                                       20
<PAGE>

              stock of the Company or of any parent or subsidiary corporation of
              the Company, determined pursuant to the rules applicable to
              Section 422(b)(6) of the Code.

         (cc) "1991 Plan" means the Insurance Auto Auctions, Inc. 1991 Stock
              Option Plan as restated and amended through June 19, 2002.

In addition, certain other terms used herein have the definitions given to them
in the first places in which they are used.

                                       21<PAGE>
                                                                   Exhibit 10.67

                            THIRD AMENDMENT TO LEASE

         Third Amendment dated as of this 7th day of August, 2003, by and
between MRM INVESTMENTS, --- L.L.P., an Arizona limited liability partnership
("Lessor"), and INSURANCE AUTO AUCTIONS, INC., an Illinois corporation
("Lessee").

                                    RECITALS:

         A. WHEREAS, Melvin R. Martin and MASP Acquisition Corp. previously
entered into a certain Lease of Commercial Space dated January 17, 1992, an
Amendment of Lease Agreement dated August 1994, and a Second Amendment to Lease
dated August 1, 2000 (collectively "Lease"), concerning the premises commonly
known as 2299 West Broadway Road, Phoenix, Arizona 85066 ("Premises").

         B. WHEREAS, Lessor is the successor or assignee of Melvin R. Martin and
Lessee is the successor or assignee of MASP Acquisition Corp.

         C. WHEREAS, the parties desire to amend said Lease as described below.

         NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

         1. RECITALS. The recitals set forth above are incorporated herein and
made a part hereof.

         2. CONFLICT. In the event of any conflict between the terms of this
Third Amendment and the terms of the Lease, the terms of this Third
Amendment shall control.

         3. DEFINED TERMS. All defined terms contained in this Third Amendment
shall have the meanings and definitions as set forth in the Lease.

         4. PROJECT. The architectural firm of Blunk Demattei & Associates has
designed certain improvements for the Premises as set forth in the revised
architectural plans dated April 7, 2003, together with certain landscape plans
and civil engineering drawings and plans (the improvements and work depicted in
said plans and drawings and other related plans and drawings, as revised from
time to time, are hereinafter referred to as the "Project"). Lessee shall
submit to Lessor any revisions and modifications to the Project's architectural
drawings and plans, for Lessor's reasonable approval, which approval shall not
be unreasonably withheld, conditioned or delayed. Lessee shall be solely
responsible for causing the Project to be constructed and Lessor shall have no
responsibility for same, except for the payment responsibilities described
below.

         5. PAYMENT FOR PROJECT. Lessor agrees to pay up to $2,000,000 to pay
for the cost of the Project (excluding the cost of asphalt, which cost Lessee
shall pay). Lessor's payments for

<PAGE>

the cost of the Project shall be paid by Lessor into a construction escrow, no
more frequently than once a month, during the course of construction as and when
payments are due to the architects, engineers, consultants, contractors,
subcontractors, suppliers and others working on the Project. In the event that
the cost of the Project exceeds $2,000,000, then Lessee shall be responsible for
the payment of any and all such excess costs. The total amount paid by Lessor
during each calendar quarter during the course of the Project is hereinafter
referred to as the "Total Quarterly Project Payments."

         6. AMORTIZED PAYMENTS. As of the end of each calendar quarter during
the Project, the rent shall be increased as follows. The Total Quarterly Project
Payments for each calendar quarter, together with interest at the rate of 10%
per annum, amortized over the period of time from the end of the subject
calendar quarter through December 31, 2013, results in a certain monthly
amortized payment of principal and interest, hereinafter called the "Amortized
Payment." The current monthly base rent of $30,000 shall be increased by the
amount of each Amortized Payment effective on the first day of the month
following each calendar quarter. The foregoing calculation shall be made as of
the end of each calendar quarter, and the Amortized Payment resulting from such
calculation shall be added to the monthly base rent and shall be payable as
additional rent for the entire amortization period through December 31, 2013.
Accordingly, all Amortized Payments for the Project shall be paid in full as of
December 31, 2013. Lessee may prepay and pay off the remaining principal balance
for any or all Amortized Payments, at any time, without any prepayment penalty.
Notwithstanding anything to the contrary contained in the Lease, there shall
be no rental escalations (as described in paragraph 8 below) in the portion of
the rent that constitutes the Amortized Payments.

         7. TERM AND RENEWAL OPTIONS. The Term of the Lease currently ends on
January 31, 2007. The Term of the Lease is hereby extended so that it runs for
an additional period of ten (10) years through and including January 31, 2017.
Furthermore, Lessee shall have the option to renew the Lease for three (3)
successive periods of five (5) years upon the same terms and conditions of the
Lease with the exception of the base rent, which shall be subject to the
increases described below.

         8. BASE RENT INCREASES. The amount of the current monthly base rent of
$30,000 shall remain fixed through January 31, 2007. Effective as of the
following "Adjustment Dates," February 1, 2007, and February 1 of each year
thereafter during the Term and during any renewal Term, the base rent shall be
increased as follows. The base rent for the next twelve (12) months of the Term
or renewal Term, as the case may be, shall be determined by multiplying the base
rent for the lease year ending on January 31 immediately prior to the Adjustment
Date, by a fraction, the numerator of which shall be the Consumer Price Index,
All Urban Consumers, West Region, as published by the U.S. Department of Labor,
Bureau of Labor Statistics ("CPI Index"), for the month of November immediately
prior to the Adjustment Date, and the denominator of which will be the CPI Index
for the month of November which is one (1) year prior to the Adjustment Date.
Notwithstanding the foregoing, the base rent on each Adjustment Date shall
increase at a rate no greater than a maximum of five percent (5%) per year.

         9. RIGHT OF FIRST REFUSAL. If Lessor enters into a written contract to
sell the leased premises, or any part thereof, or to sell any partnership
interest in Lessor, then Lessor shall notify Lessee in writing, enclosing a copy
of the fully executed contract ("Third-Party Contract"), and Lessee shall have a
right of first refusal to match the Third-Party Contract and enter into a
written contract with Lessor containing all of the same terms and conditions of
the Third-Party Contract.

                                     - 2 -

<PAGE>

If Lessee fails to deliver its written offer containing all of the same terms
and conditions as the Third-Party Contract within thirty (30) days after
Lessee's receipt of Lessor's written notification of the Third-Party Contract,
then this right of first refusal shall expire and Lessor may proceed to sell the
leased premises or partnership interest, subject to this Lease, pursuant to said
Third-Party Contract. If Lessor does not consummate the foregoing sale pursuant
to said Third-Party Contract, then the right of first refusal described above
shall again apply to any subsequent contracts entered into by Lessor concerning
same. Notwithstanding the foregoing, it is acknowledged and agreed that
transfers of partnership interest in Lessor between existing partners, or to
family members of existing partners, or to trusts, estates or other entities
under which such family members or existing partners are the sole beneficiaries
or owners thereof, shall not trigger the foregoing right of first refusal,
provided, however, that the right of first refusal shall continue and remain in
full force and effect as to any other sales or transfers of the leased premises
or partnership interest.

         10. PURCHASE OPTION. The Purchase Option contained in paragraph 6.6, in
the Addendum A to the Lease dated January 17, 1992, shall remain and continue in
full force and effect, except that the purchase price described therein shall be
increased by the sum of any unpaid Amortized Payments remaining at the time
Lessee exercises the subject Purchase Option. Lessor and Lessee acknowledge that
the Purchase Option provisions contained in the January 17, 1992 Lease pertain
only to the original leased premises consisting of approximately 35 acres.

         11. IMPROVEMENTS REMAIN. Upon the termination of this Lease, Lessee
shall not be obligated to remove any of the improvements which comprise the
Project, but Lessee may elect, in Lessee's sole discretion, to remove any of
Lessee's trade fixtures and personal property.

         12. TITLE INSURANCE. Lessee, at its own cost, may purchase leasehold
title insurance, and Lessor shall cooperate with same, including, but not
limited to, the execution of a Memorandum of Lease for recording.

         13. LEASE CONTINUES. Except as modified by this Third Amendment, all
terms and conditions set forth in the Lease shall remain and continue in full
force and effect.

         14. CONDITION. This Third Amendment is subject to the condition that
Lessee is able to obtain all necessary governmental approvals to proceed with
the Project as desired by Lessee. Lessee may elect to waive this condition.

         IN WITNESS WHEREOF, this Third Amendment was executed as of the date
first above written.

LESSOR:                                       LESSEE:

MRM INVESTMENTS, L.L.P.                       INSURANCE AUTO AUCTIONS, INC.

By: /s/ Melvin R. Martin                      By: /s/ Scott P. Pettit
    -----------------------------------          -------------------------------
    Melvin R. Martin, General Partner             Scott P. Pettit
                                                  Chief Financial Officer

                                      - 3 -

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