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FIRST ADDENDUM TO LEASE AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH AND VANGUARD CAR RENTAL USA INC. THIS FIRST ADDENDUM TO LEASE (the "First Addendum") is made and entered into this day of April, 2005 between THE CITY OF SUNNY ISLES BEACH, FLORIDA, a Florida municipal corporation ("Landlord"), and VANGUARD CAR RENTAL USA INC., a Delaware corporation ("Tenant"). WITNESSETH: WHEREAS, the Landlord was awarded fee simple title of the Leased Premises (as hereinafter defined) in the case styled City of Sunny Isles Beach v. 18100 Collins Avenue, Case No. 03-21419 CA 10 ("Condemnation Proceedings") by Order dated March 24, 2005 (the "Order"), a copy of which is attached hereto as Exhibit "A~" and WHEREAS, the Tenant desires to continue to lease and use the Leased Premises for the operation of a rental car facility; and WHEREAS, the Landlord has agreed to lease the Leased Premises to the Tenant to settle all known and unknown claims that the Tenant may have against the Landlord in the Condemnation Proceedings; and WHEREAS, Tenant agrees to waive all known and unknown claims that it may have against the Landlord by Landlord's agreement to enter into this First Addendum; and WHEREAS, Landlord and Tenant are desirous of reviving, acknowledging, modifying and supplementing the terms of that certain Lease Agreement dated July 8, 1997 by and between Mitsubishi Motor Sales of America, Inc., a California corporation, predecessor to Landlord in title to the property of which the Leased Premises are a part (the "Property"), as landlord, and Value Rent-A-Car, Inc., a Florida corporation, predecessor to Tenant's leasehold interest in the Leased Premises, as tenant (as amended, the "Original Lease," a copy of which is attached hereto and made a part hereof as Exhibit "B"), pursuant to the provisions hereof. NOW THEREFORE, in consideration of the sum of Ten and No/IOO Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Reference and Recitals. For convenience of reference, the Original Lease as amended by the terms of this First Addendum shall be referred to herein as the "Amended Lease." The recitals stated above are incorporated herein by reference. 2. Conflicts and Original Lease Acknowledgement. Where the terms of the Original Lease conflict with the terms of this First Addendum, the terms of this First Addendum shall govern and control the Original Lease. All terms and provisions of the Original Lease that are not in conflict with the provisions of this First Addendum are hereby acknowledged as in full 1 SIB