Edinger Associates

Edinger Associates Assists Franchise Services of North America Inc. in Acquisition of Advantage Rent A Car from Hertz, Vehicle Fleet Sublease from Hertz, and Equity Financing with Macquarie Capital

May 13, 2013 — Edinger Associates PLLC served as counsel for Franchise Services of North America Inc. (“FSNA”) in its acquisition of Advantage Rent A Car (“Advantage”) from Hertz Global Holdings, Inc. (“Hertz”) and the sublease of Advantage’s nationwide rental car fleet from Hertz. The acquisition of Advantage was consummated on December 12, 2012, and FSNA has been managing Advantage since that date.

Edinger Associates also served as counsel for FSNA in its transaction with Macquarie Capital (“Macquarie”) to provide equity financing for the Advantage acquisition. The final phase of the equity financing was consummated on May 3, 2013 in connection with the re-domestication of FSNA from Canada to Delaware and the issuance of a newly created class of FSNA preferred shares to Macquarie.

The Edinger Associates team advising FSNA was led by Principal Brook Edinger with the assistance of Partners Ladd Johnson and Scott Woodworth, and Senior Counsel Dag Wilkinson, as well as the Firm’s Associate and Legal Assistant staff.

About FSNA

FSNA is a publicly-traded company formed under the laws of Delaware and listed on the TSX Venture Exchange (FSN). The company and its subsidiaries own the following brands: U-Save Car & Truck Rental, U-Save Car Sales, Rent-A-Wreck of Canada, PractiCar, Auto Rental Resource Center (“ARRC”), Xpress Rent A Car, and Peakstone Financial Services. U-Save, together with its subsidiary ARRC, has over 1,100 locations throughout the United States and is one of North America’s largest franchise car rental companies. U-Save currently serves 28 airport markets in 11 states and 7 countries.

As of July 2013, Advantage will operate from approximately 75 locations serving airports, and from five additional satellite locations in hotels in Hawaii and Las Vegas. Advantage has a fleet of approximately 24,000 cars, ranging from economy cars to SUVs. Advantage primarily serves the leisure segment of the rental car market and operates in key U.S. leisure destinations, including California, Florida, Texas, Colorado, Hawaii, and Arizona. For more information, visit www.fsna-inc.com.

About Edinger Associates

Edinger Associates is a boutique business and finance law firm and business counselor based in Washington, DC, with a focus on general corporate, mergers and acquisitions, exchanges, joint ventures, capital formation, restructuring, and communications, regulatory, and licensing matters. Our core expertise is in assisting enterprises, lenders, and investors to identify, arrange, negotiate, and close deals. Clients range in size from global multinationals to start-ups and individuals. Our approach has proven successful in hundreds of deals involving billions of dollars of assets. For more information, visit www.edingerlaw.net.