THIS LEASE, dated as of October 27, 1997 between NIKKO CAPITAL CORP., a California corporation
("Lessor"), having a place of business at 3961 MacArthur Boulevard, Newport Beach, California 92660, and
CONSUMER PORTFOLIO SERVICES, INC., a California corporation ("Tenant"), having a place of business
at 2 Ada, Irvine, California 92618.
1. PROPERTY: LEASE TERM.
Upon and subject to the conditions and limitations set forth below, Lessor leases to Tenant, and Tenant rents
from Lessor, the following property (the "Property", which term and certain other capitalized terms are defined in
1.1 All of the land described in Schedule 1 attached hereto and by this reference made a part hereof (the
1.2 All buildings, structures and other improvements now or hereafter constructed or maintained on the Land (the
1.3 All rights-of-way or of use, servitudes, licenses, tenements, hereditaments, appurtenances and easements
now or hereafter belonging or pertaining to any of the foregoing subject to the Permitted Exceptions as at the time
are in effect and applicable to any of the foregoing.
TO HAVE AND TO HOLD for a term (the "Lease Term") commencing on a date specified by Lessor and
Tenant in an amendment to this Lease (the "Term Commencement Date"), and expiring ten (10) years thereafter,
or the date, if any, to which the Lease Term has been extended pursuant to Section 4, unless the Lease Term
shall sooner terminate as hereinafter provided. (Neither Lessor or Tenant will have any obligations hereunder
unless and until the Lease Term commences) That portion of the Lease Term expiring ten (10) years after the
Term Commencement Date is hereinafter referred to as the "Fixed Term".
2. BASIC RENT, ETC.
2.1 Basic Rent. Tenant will pay to Lessor as net minimal annual rent ("Basic Rent") during the Fixed Term
commencing on the Term Commencement Date the sum of ONE MILLION NINE HUNDRED FOUR
THOUSAND FOUR HUNDRED and 00/100ths DOLLARS ($1,904,400.00) for the first