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Close End Vehicle Lease Agreement Dated 3-20-96

This is an actual contract by Boyds Wheels.

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Sectors: Automotive and Transport Equipment
Effective Date: March 20, 1996
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CLOSED END VEHICLE LEASE AGREEMENT


THIS LEASE AGREEMENT is entered into this 20 day of March 1996 between: LESSOR Eldorado Bank Leasing whose address is 19100 Von Karman Suite #550, Irvine, CA 92715 and LESSEE Boyd's Wheels, Inc. whose address is 8380 Cerritos Ave., Stanton, CA 90680 and covers the lease of the vehicle described below. As used in this agreement the words "I", "me", or "my" refer to the Lessee and "you" or "your" refer to the Lessor. I understand that the consumer lease disclosures you have included in this lease are also made on behalf of _____________________________________ ________________________________


DESCRIPTION OF LEASED VEHICLE


MODEL YEAR MAKE MODEL BODY STYLE COLOR VEHICLE I.D. NUMBER LICENSE NUMBER 1996 Dodge Caravan Van Flame Red 2B4FP2536TR693255 NEW


Vehicle includes following equipment and accessories:


X Air Conditioning Power Windows X Transmission Auto X Other Equipment Per M.S.R.P. X Power Brakes Power Door Locks Radio X AntiLock Brakes X Power Steering Power Seat Wheels
Tilt Wheel Cruise Control Roof/Rack
Trunk Key No. Ignition Key No. Leather


1. AGREEMENT TO LEASE


I agree to lease from you the vehicle described above. My obligations
and your obligations under this lease begin when you and I sign this
form. If the vehicle is not delivered to me at such time, you will use
your best efforts to deliver it to me as soon as practicable.


2. LEASE COMPUTATIONS

a. Lease Term (from lease signing) 1. 36 months
---------------
2. -0- days
------------
b. End of Lease Purchase Option Price $ 10,050.00
---------------
(based in part on an average of
15,000 miles annually)
c. Average Monthly Lease Depreciation $ 234.12
---------------
d. Base Monthly Lease Payment $ 337.86
---------------
e. Sales/Use Tax 7.75 % of d. $ 26.18*+
---------------
f. Luxury Car Tax $-0-
---------------
g. Total Monthly Lease Payment (d. plus f.) $ 364.04*
---------------
I promise to pay you the number of monthly
lease payment indicated in a.1. above, with
the first payment to be due March 18, 1996
and the remaining payments to be due on the
18 day of each month, beginning on
April 18, 1996
h. Sum of All Monthly Lease Payments and $ 13,105.44*
Prorata Rent (a.1. times g. plus 3.c. plus 3.d.) ---------------


i. Excess Mileage Charge 15 c


j. Early Termination Commencement 12 payments
(right commences after making this number of
monthly lease payments)


* Estimate based on current sales/use tax rate


+ MTE tax reimbursement,if appropriate. 2 3. AMOUNTS DUE AT LEASE SIGNING


I will pay the amounts indicated below when I sign this lease:


a. Lease Inception Payment
1. Trade-In Allowance $ -0-
-----------
Description N/A
2. Cash $ -0-
-----------
3. Total $ -0-
-----------
b. Tax on Lease Inception Payment $ -0-
-----------
c. Prorata Rent $ -0-
-----------
d. Tax on Prorata Rent $ -0-
-----------
e. Refundable Security Deposit $ 350.00
-----------
f. First Monthly Lease Payment $ 364.04
(includes sales/use tax) -----------


g. First Year's License/Registration/Excise Fees $ 396.00
-----------
h. Luxury Car Tax $ -0-
-----------
i. Other $ -0-
-------------------------------- -----------
j. TOTAL (a. through i.) $ 1,110.04
-----------


4. INSURANCE


I agree that I must pay for and maintain during the lease term, and
until the vehicle is returned to you, insurance on the vehicle which has
the following minimum coverages:


a. BODILY INJURY LIABILITY: $100,000/300,000
----------------
b. PROPERTY DAMAGE LIABILITY $ 50,000
----------------
c. COLLISION WITH MAXIMUM DEDUCTIBLE OF: $ 1,000
----------------
d. COMPREHENSIVE WITH MAXIMUM
DEDUCTIBLE OF: (Including fire and theft) $ 1,000
----------------


I understand that the policy must provide primary coverage for you
and/or another party you specify as an Additional Insured on coverage a.
and b. and for your or your assignee as Loss Payee on coverages c. and
d. and must also provide all insureds with at least 10 days notice of
cancellation or policy revision. I will buy the insurance from an
insurance company which is acceptable to you and will furnish you with
whatever written proof of coverage you may require.


INSURANCE COMPANY'S NAME
------------------------------------------------
AGENT'S NAME
------------------------------------------------------------
AGENT'S ADDRESS AND PHONE NUMBER
----------------------------------------


------------------------------------------------------------------------
( )
------------------------------------------------------------------------
INSURANCE VERIFIED BY:
--------------------------------------------------


POLICY NO EXPIRATION DATE:
--------------------------------------------------------------


BINDER NO. EFFECTIVE DATE:
--------------------------------------------------------------


5. OFFICIAL FEES AND TAXES
a. Estimated Sales/Use Tax During
Lease Term (2.a.1x2.e.+3.b.+3.d.) $ 942.48
----------
b. Estimated License/Registration/Excise Fees
During Lease Term (3.g. or other estimate times
number of years of lease) $ 1,188.00
----------
c. Luxury Car Tax (2.a.1 times 2.f. or 3.h.) $ -0-
----------
d. TOTAL (a. plus b. plus c.) $ 2,130.48
----------


6. MECHANICAL BREAKDOWN PROTECTION 3
While I have no obligation to do so, I understand that I may purchase
from you a contract under which I will have the right to have a portion
of the costs of repair of certain major mechanical breakdowns of the
vehicle and some related expenses paid by the contract administrator
listed in the contract. The term of this protection would be N/A years
from the date the lease is signed or until the vehicle's odometer shows
N/A miles, whichever happens first. If I have decided to purchase this
protection, I have reviewed the terms of the contract which describe the
details of this protection and understand that a copy of the filled-in
contract will be sent to me as soon as practicable. I have chosen the
following option:


a. I choose to purchase your mechanical breakdown LESSEE(S)
protection contract for the price of $ N/A INITIALS
which I will pay when I sign the lease. -------


b. I choose to purchase your mechanical LESSEE(S)
breakdown protection contract INITIALS
and have its cash value of $ N/A -------


If I have not initialed either a. or b., I have chosen not to purchase
your mechanical breakdown protection contract.


7. INSURANCE PROCEEDS DEFICIENCY LIABILITY RELEASE

As noted in Item 20, in the event of a casualty loss to the vehicle I
will be obligated to pay any difference between the proceeds of my
insurance and the total amount of my obligations under this lease.
However, if I have initialed below, I agree to purchase your optional
insurance proceeds deficiency liability release. If I purchase this
release, you will waive any right to collect a deficiency in insurance
proceeds from me in the event of a casualty loss of the vehicle which is
covered fully by my insurance policy. I understand that this release
does not cover the deductible under the policy, the product of item 2.f.
and the number of monthly lease payments remaining during the lease term
or amounts which may be past due at the time of a casualty and that I
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