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<br />THIS GUARANTY OF LEASE is made as afthe 8th day of July. 1997, by REPUBLIC <br />INDUSTRIES. eNe.. a Delaware corporation, whose addres~ is 450 East Las Olas Blvd., Fl. <br />Lauderdale, Florida 33301 Ann: James O. Cole, Esq., General Co~1 (the "Guarantor") in favor <br />of MITSUBISHJ MOTOR SALES OF AMERJCA, INC.. a California corporation ("Landlord"), <br />whose address is 6400 KatelJa Avenue, Cypress. California 9063~S208. Anention: Corporate Real <br />Estate Department. with a copy to the Legal Department at the same address. <br /> <br />'}II T N E SSE T H: <br /> <br />WHEREAS, simultaneously with the execution of this Guaranty of Lease, Landlord and <br />VALUE RENT-A-CAR INC.. a Florida corporation, as Tenant have entered into that certain Lease <br />Agreement (the "Lease") regarding that certain property described in ~xhibit A attached hereto and <br />made a part hereof; , <br /> <br />VlHEREAS. the Guarantor has requested that Landlord enter into the Lease; <br /> <br />\\l1EREAS, the Gw.rantor owns, directly or indirectly, all of the issued and outstanding <br />stock of the Tenant; <br /> <br />\VHEREAS, Landlord wiJl not enter into the'tease ",ilhout the guarantee of the Guarantor <br />as set forth herein; and <br /> <br />VlHEREAS, the Guarantor has agreed to unconditionally guarantee the payment and <br />performance of all obligations of Tenant under the Lease. <br /> <br />NOW, THEREFORE, in consideration of the premises and the sum of TeD DoUars ($10.00) <br />and other good and valuable consideration, the receipt and adequacy of which are hereby <br />acknowledged, and in order to be ofmateriaJ benefit and assistance to Tenant, and in order to induce <br />the Landlor~ to execute the Lease. Guarantor hereby covenants and agrees with the Landlord as <br />follows: <br /> <br />.1. Each and all of the foregoing recitations are true and correct and are hereby <br />incorporated herein by reference and made a part hereof for all purposes. <br /> <br />. <br /> <br />2. All capitalized termS used herein, unless specifically otherwise defined herein, shall <br />have the meanings assigned to such terms in the Lease. <br /> <br />Page 1 of 7 <br /> <br />~--------._. - <br /> <br />S~B <br />