Exhibit 10.2
 
 
NEW PURCHASER GROUP SUPPLEMENT
 
 
NEW PURCHASER GROUP SUPPLEMENT, dated as of February 21, 2008 (the “Purchaser
Group Addition Date”) among CALYON NEW YORK BRANCH and ATLANTIC ASSET
SECURITIZATION LLC (collectively, the “New Purchaser Group”), the Funding Agent
with respect to such New Purchaser Group listed in the signature pages hereof
(the “Funding Agent”), AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC, a Delaware
limited liability company (the “Company”), JPMORGAN CHASE BANK, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”) and AVIS
BUDGET CAR RENTAL, LLC, as Administrator (the “Administrator”).
 
W I T N E S S E T H:
 
WHEREAS, this New Purchaser Group Supplement is being executed and delivered in
connection with the addition of the New Purchaser Group pursuant to Section
2.6(e) of the Series 2008-1 Supplement, dated as of February 15, 2008 (as may
from time to time be amended, supplemented or otherwise modified in accordance
with the terms thereof, the “Series 2008-1 Supplement”; terms defined therein
being used herein as therein defined), among the Company, the Administrator, the
CP Conduit Purchasers, the Funding Agents and the APA Banks from time to time
parties thereto, the Administrative Agent and The Bank of New York Trust
Company, N.A., as trustee (in such capacity, the “Trustee”) and as Series 2008-1
Agent, to the Second Amended and Restated Base Indenture, dated as of June 3,
2004 (as may from time to time be amended, supplemented or otherwise modified in
accordance with the terms thereof, the “Base Indenture” and, the Base Indenture
as supplemented by the Series 2008-1 Supplement, the “Indenture”), between the
Company and the Trustee; and
 
WHEREAS, the New Purchaser Group wishes to become a CP Conduit Purchaser and the
APA Bank with respect to such CP Conduit Purchaser under the Series 2008-1
Supplement.
 
NOW, THEREFORE, the parties hereto hereby agree as follows:
 
1.  Upon the execution and delivery of this New Purchaser Group Supplement by
the New Purchaser Group, the Funding Agent with respect thereto, the Company,
the Administrator and the Administrative Agent, the New Purchaser Group and the
Funding Agent with respect thereto shall be parties to the Series 2008-1
Supplement and the related Fee Letter for all purposes thereof; including, for
the avoidance of doubt, receipt by the New Purchaser Group of an Upfront Fee, to
be paid on the Purchaser Group Addition Date.
 
2.  Each of the parties to this New Purchaser Group Supplement agrees that at
any time and from time to time upon the written request of any other party, it
will execute and deliver such further documents and do such further acts and
things as such other party may reasonably request in order to effect the
purposes of this New Purchaser Group Supplement.
 
3.  By executing and delivering this New Purchaser Group Supplement, the New
Purchaser Group confirms and agrees as follows:
 
 
 
 

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(i)  the New Purchaser Group has received a copy of the Indenture and such other
Series 2008-1 Documents, Transaction Documents and other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into this New Purchaser Group Supplement;
 
 
(ii)  the New Purchaser Group will, independently and without reliance upon the
Administrative Agent or any other Person and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Indenture;
 
 
(iii)  the New Purchaser Group appoints and authorizes the Administrative Agent
to take such action as agent on its behalf and to exercise such powers under the
Series 2008-1 Supplement as are delegated to the Administrative Agent by the
terms thereof together with such powers as are reasonably incidental thereto,
all in accordance with Article IX of the Series 2008-1 Supplement;
 
 
(iv)  each member of the New Purchaser Group appoints and authorizes the Funding
Agent to take such action as agent on its behalf and to exercise such powers
under the Series 2008-1 Supplement as are delegated to such Funding Agent by the
terms thereof, together with such powers as are reasonably incidental thereto,
all in accordance with Article X of the Series 2008-1 Supplement; and
 
 
(v)  each member of the New Purchaser Group agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the
Indenture are required to be performed by it as a member of the New Purchaser
Group.
 

4.  Each of the Company, the Administrative Agent and the Administrator
represent that, as of the Purchaser Group Addition Date, the Series 2008-1
Invested Amount is zero.
 
5.  Schedule I hereto sets forth the Maximum Purchaser Group Invested Amount and
Commitment Percentages of the New Purchaser Group as of the Purchaser Group
Addition Date, as well as administrative information with respect to the New
Purchaser Group and its Funding Agent.
 
6.  Schedule II hereto sets forth the Maximum Purchaser Group Invested Amount
and Commitment Percentages of each Purchaser Group party to the Series 2008-1
Supplement as of the Purchaser Group Addition Date.
 
7.  This New Purchaser Group Supplement shall be governed by, and construed in
accordance with, the laws of the State of New York.
 

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IN WITNESS WHEREOF, the parties hereto have caused this New Purchaser Group
Supplement to be executed by their respective duly authorized officers as of the
date first set forth above.
 
 
ATLANTIC ASSET SECURITIZATION LLC, as a CP Conduit Purchaser

 
 
By: Calyon New York Branch, as attorney-in-fact

 
By: __/s/ Sam Pilcer___________________
Name: Sam Pilcer
Title: Managing Director
 
By: _/s/ Kostantina Kourmpetis_________
Name: Kostantina Kourmpetis
Title: Managing Director
 
 
CALYON NEW YORK BRANCH, as a Funding Agent and an APA Bank

 
By: ___/s/ Sam Pilcer__________________
Name: Sam Pilcer
Title: Managing Director
 
By: __/s/ Kostantina Kourmpetis________
Name: Kostantina Kourmpetis
Title: Managing Director
 

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CONSENTED AND ACKNOWLEDGED:
 
AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC
 
By:  _/s/: Rochelle Tarlowe____________________
Name: Rochelle Tarlowe
Title: Vice President and Treasurer
 
AVIS BUDGET CAR RENTAL, LLC,
 
as Administrator
 
By:  _/s/: Rochelle Tarlowe____________________
Name: Rochelle Tarlowe
Title: Vice President and Treasurer
 

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JPMORGAN CHASE BANK, N.A.,
 
as Administrative Agent
 
By:  _/s/: Julie C. Kraft__________________
Name: Julie C. Kraft
Title:  Vice President
 

 

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CP Conduit
APA Bank
Funding Agent
APA Bank Percentage
Maximum
Purchaser Group
Invested Amount
Match Funding
Commitment
Percentage
Atlantic Asset Securitization LLC
Calyon New York Branch
Calyon New York Branch
100%
$145,000,000
No
18.13%

 
Addresses for Notices
 
CP Conduit:
 
Atlantic Asset Securitization LLC
c/o Calyon New York Branch
1301 Avenue of the Americas
New York, New York 10019
 
APA Bank/Funding Agent:
 
Calyon New York Branch
1301 Avenue of the Americas
New York, New York 10019
 
 

 

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CP Conduit
APA Bank
Funding Agent
APA Bank Percentage
Maximum
Purchaser Group
Invested Amount
Match Funding
Purchased
Percentage
1.
Thames Asset Global Securitization No. 1., Inc.
The Royal Bank of Scotland plc, New York Branch
The Royal Bank of Scotland plc
100%
$175,000,000
Yes
21.88%
2.
Montage Funding LLC
Deutsche Bank AG, New York Branch
Deutsche Bank AG, New York Branch
100%
$115,000,000
No
14.38%
3.
Liberty Street Funding LLC
The Bank of Nova Scotia
The Bank of Nova Scotia
100%
$125,000,000
No
15.63%
4.
YC SUSI Trust
Bank of America, National Association
Bank of America, National Association
100%
$50,000,000
No
6.25%
5.
Falcon Asset Securitization Company LLC
JPMorgan Chase Bank, N.A.
JPMorgan Chase Bank, N.A.
100%
$190,000,000
No
23.75%
6.
Atlantic Asset Securitization LLC
Calyon New York Branch
Calyon New York Branch
100%
$145,000,000
No
18.13%