EXHIBIT 10.15b
EXECUTION VERSION

Portions of this Exhibit have been omitted based upon a request for confidential
treatment. This Exhibit, including the non-public information, has been filed
separately with the Securities and Exchange Commission. "[*]" designates
portions of this document that have been redacted pursuant to the request for
confidential treatment filed with the Securities and Exchange Commission.

AMENDMENT NO. 1 TO SIXTH AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT
THIS AMENDMENT NO. 1 to SIXTH AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT (this “Amendment”), dated as of March 2, 2016, is entered into among
AFC FUNDING CORPORATION, an Indiana corporation (the “Seller”), AUTOMOTIVE
FINANCE CORPORATION, an Indiana corporation (the “Servicer”), FAIRWAY FINANCE
COMPANY, LLC, as a Purchaser, CHARIOT FUNDING LLC, as a Purchaser, DEUTSCHE BANK
AG, NEW YORK BRANCH, as a Purchaser and as Purchaser Agent for itself, FIFTH
THIRD BANK, as a Purchaser and as Purchaser Agent for itself, JPMORGAN CHASE
BANK, N.A., as a Purchaser Agent for Chariot Funding LLC, BMO CAPITAL MARKETS
CORP., as Purchaser Agent for Fairway Finance Company, LLC, and BANK OF
MONTREAL, as the initial agent (the “Agent”).
R E C I T A L S
A.    The Seller, the Servicer, the Purchasers, the Purchaser Agents, and the
Agent are parties to that certain Sixth Amended and Restated Receivables
Purchase Agreement dated as of June 16, 2015 (as amended, amended and restated,
supplemented or otherwise modified prior to the date hereof, the “Agreement”).
B.    Pursuant to and in accordance with Section 6.1 of the Agreement, the
Seller, the Servicer, the Purchasers, the Purchaser Agents and the Agent desire
to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:
1.Certain Defined Terms. Capitalized terms which are used herein without
definition and that are defined in the Agreement shall have the same meanings
herein as in the Agreement.
2.    Amendment to Agreement. The Agreement is amended as follows:
2.1    The definition of “Maximum Amount” in Exhibit I to the Agreement is
hereby amended in its entirety to read as follows:
“Maximum Amount” means the lesser of (i) $1,250,000,000 or (ii) the sum of the
Maximum Commitments of all Purchasers.
2.2    The Maximum Commitment listed on the signature page to the Agreement for
[*] is hereby amended by deleting the phrase “[*]” and inserting in lieu thereof
“[*]”.

 
 
 

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3.    Adjustments. On the date hereof, the Seller shall make purchases from the
Purchasers and repayments of Investment on a non-pro rata basis to reflect the
amendments made hereby, such that after giving effect thereto the Investment of
each Purchaser Group is the same percentage of its Maximum Commitment, as
reflected on the attached Purchase Request.
4.    Representations and Warranties. Each of the Seller and the Servicer hereby
represents and warrants to the Agent, the Purchasers and the Purchaser Agents as
follows:
(a)    Representations and Warranties. The representations and warranties of
such Person contained in Exhibit III and Exhibit VII to the Agreement are true
and correct as of the date hereof (unless stated to relate solely to an earlier
date, in which case such representations and warranties were true and correct as
of such earlier date).
(b)    Enforceability. The execution and delivery by such Person of this
Amendment, and the performance of its obligations under this Amendment and the
Agreement, as amended hereby, are within its corporate powers and have been duly
authorized by all necessary corporate action on its part. This Amendment and the
Agreement, as amended hereby, are its valid and legally binding obligations,
enforceable in accordance with its terms.
(c)    Termination Event. No Termination Event or Unmatured Termination Event
has occurred and is continuing.
5.    Effectiveness. This Amendment shall become effective upon (i) the receipt
by the Agent of each of the counterparts of this Amendment (whether by facsimile
or otherwise) executed by each of the parties hereto, (ii) the receipt by [*] of
its upfront fee payable under the fee letter and (iii) receipt by the Purchaser
Agents of a corporate opinion for the Seller in form and substance acceptable to
them.
6.    Effect of Amendment. Except as expressly amended and modified by this
Amendment, all provisions of the Agreement shall remain in full force and
effect. After this Amendment becomes effective, all references in the Agreement
(or in any other Transaction Document) to “the Receivables Purchase Agreement,”
“this Agreement,” “hereof,” “herein” or words of similar effect, in each case
referring to the Agreement, shall be deemed to be references to the Agreement as
amended by this Amendment. This Amendment shall not be deemed to expressly or
impliedly waive, amend or supplement any provision of the Agreement other than
as set forth herein.
7.    Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, and each counterpart shall be
deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

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8.    Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of Indiana without reference to
conflict of laws principles.
9.    Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this
Amendment or the Agreement or any provision hereof or thereof.
10.    Reaffirmation of Performance Guaranty. By signing below, KAR Auction
Services, Inc. reaffirms its obligations under the Performance Guaranty after
giving effect to this Amendment.
[SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first above written.
AFC FUNDING CORPORATION, as Seller
 

By: /s/ James E. Money II    
Name: James E. Money, II
Title: Chief Financial Officer & Treasurer

AUTOMOTIVE FINANCE CORPORATION,
as Servicer

By: /s/ James E. Money II    
Name: James E. Money, II
Title: Chief Financial Officer & Treasurer

S-1

 
 
AFC
Amendment No. 1 to Sixth A&R RPA
 

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FAIRWAY FINANCE COMPANY, LLC, as a Purchaser

By: /s/ April Grosso    
Name: April Grosso
Title: Vice President

BMO CAPITAL MARKETS CORP., as Purchaser
Agent for Fairway Finance Company, LLC

By: /s/ John Pappano    
Name: John Pappano
Title: Managing Director

S-2

 
 
AFC
Amendment No. 1 to Sixth A&R RPA
 

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BANK OF MONTREAL, as Agent

By: /s/ Christopher L. Clark    
Name: Christopher L. Clark
Title: Vice President
 

S-3

 
 
AFC
Amendment No. 1 to Sixth A&R RPA
 

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DEUTSCHE BANK AG, NEW YORK BRANCH, as Purchaser and Purchaser Agent for itself

By: /s/ Daniel Gerber    
Name: Daniel Gerber
Title: Director

By: /s/ Robert Sheldon    
Name: Robert Sheldon
Title: Managing Director

S-4

 
 
AFC
Amendment No. 1 to Sixth A&R RPA
 

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FIFTH THIRD BANK, as Purchaser and as Purchaser Agent for itself

By: /s/ Andrew D. Jones    
Name: Andrew D. Jones
Title: Director

JPMORGAN CHASE BANK N.A., as Purchaser Agent for Chariot Funding LLC

By: /s/ Elizabeth A. Slawin    
Name: Elizabeth A. Slawin
Title: Vice President

CHARIOT FUNDING LLC, as a Purchaser

By: JPMorgan Chase Bank, N.A., its attorney-in-
fact

By: /s/ Elizabeth A. Slawin    
Name: Elizabeth A. Slawin
Title: Vice President

Acknowledged and Agreed:

KAR AUCTION SERVICES, INC.,
as provider of the Performance Guaranty

By: /s/ Eric M. Loughmiller_____________________________
Name: Eric M. Loughmiller
Title: Executive Vice President and Chief Financial Officer

S-5

 
 
AFC
Amendment No. 1 to Sixth A&R RPA