Exhibit 10.2

AMENDING AGREEMENT NO. 6

MEMORANDUM OF AGREEMENT made as of the 5th day of March, 2008,

B E T W E E N:

AVISCAR INC.,

a corporation incorporated under the laws of Canada,

(hereinafter referred to as “Avis General Partner”),

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BUDGETCAR INC.,

a corporation existing under the laws of Canada,

(hereinafter referred to as “Budget General Partner”),

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BNY TRUST COMPANY OF CANADA,

a trust company incorporated under the laws of Canada and registered to carry on
the business of a trust company in each of the provinces of Canada, in its
capacity as trustee of STARS TRUST, a trust established under the laws of the
Province of Ontario,

(hereinafter referred to as “STARS Limited Partner”),

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MONTREAL TRUST COMPANY OF CANADA,

a trust company incorporated under the laws of Canada and registered to carry on
the business of a trust company in each of the provinces in Canada, in its
capacity as trustee of BAY STREET FUNDING TRUST, a trust established under the
laws of the Province of Ontario,

(hereinafter called the “Bay Street Limited Partner”).

WHEREAS the Avis General Partner, the Budget General Partner, the STARS Limited
Partner and the Bay Street Limited Partner have entered into a fourth amended
and restated limited partnership agreement made as of the 20th day of April,
2005, as amended by amending agreements between the parties dated October 11,
2005, July 7, 2006, December 11, 2006, November 21, 2007 and February 12, 2008
(collectively, the “Limited Partnership Agreement”);

AND WHEREAS the Avis General Partner, the Budget General Partner, the STARS
Limited Partner and the Bay Street Limited Partner wish to amend the Limited
Partnership Agreement;

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NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises
and covenants and agreements of the parties herein contained and for other good
and valuable consideration (the receipt and sufficiency of which are hereby
acknowledged by each of the parties), the parties hereby covenant and agree as
follows:

 

1. Interpretation

 

  (a) All words and expressions defined in the Limited Partnership Agreement and
not otherwise defined in this Agreement have the respective meanings specified
in the Limited Partnership Agreement.

 

  (b) Section headings are for convenience only.

 

2. Amendments to the Limited Partnership

 

2.1 Section 1.1 of the Limited Partnership Agreement is hereby amended as
follows:

 

  (a) by adding the following defined terms in their proper alphabetical order:

“ “Cash Collateral Account” has the meaning ascribed thereto in
Section 3.10(a)(C);”;

“ “DBRS Maximum Limited Partners’ Funded Amount” means, at any time, the sum of
the Aggregate Partnership Program Vehicle Amount, the Aggregate Partnership
Non-program Vehicle Amount, the Aggregate Receivables Amount, the Letter of
Credit Amount, any Non-restricted Cash and the balance in the Principal Funding
Account, in each case, at such time;”;

“ “Funded Assets” means, on any date, the sum of (i) the Current Book Values of
the Partnership Non-program Vehicles (other than a Partnership Non-program
Vehicle in respect of which a Partnership Vehicle Receivable is outstanding)
less the aggregate amounts owing to Manufacturers by the Partnership in respect
of such Partnership Non-program Vehicles on such date, (ii) the Current Book
Values of the Partnership Program Vehicles and the Program Negotiation Vehicles
(other than any Partnership Program Vehicles or Program Negotiation Vehicles in
respect of which a Partnership Vehicle Receivable is outstanding) less the
aggregate amounts owing to Manufacturers by the Partnership in respect of such
Partnership Program Vehicles or Program Negotiation Vehicles on such date,
(iii) the aggregate amount of Partnership Vehicle Receivables owing by a
Manufacturer, Approved Dealer, auction house or other Person, (iv) the amount of
any Non-restricted Cash, and (v) the balance in the Principal Funding Account,
in each case, on such date;”;

“ “L/C Provider” means JPMorgan Chase Bank, N.A., Bank of Montreal, The Bank of
Nova Scotia or such other provider(s) as may be approved by the Limited Partners
and the Rating Agency from time to time;”;

“ “Letter of Credit” means an irrevocable letter of credit issued by an L/C
Provider on behalf of one or more of the General Partners and for the benefit of
the Partnership and delivered by or on behalf of the General Partners to the
Limited Partners on behalf of the

 

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Partnership from time to time pursuant to the terms hereof and, for greater
certainty, excludes any Letter of Credit that has expired pursuant to
Section 3.10(a)(i), been terminated pursuant to Section 3.10(a)(ii) or in
respect of which the related L/C Provider has been downgraded under
Section 3.10(a)(iii) or the second last paragraph of Section 3.10(a), in each
case, such exclusion only applies immediately after actions have been taken, in
all cases, pursuant to Section 3.10(a)(A), 3.10(a)(B) or 3.10(a)(C);”;

“ “Letter of Credit Amount” means, on any date, the aggregate amount available
to be drawn on such date under the Letters of Credit, as specified therein, plus
if the Cash Collateral Account has been established and funded, the amount on
deposit in the Cash Collateral Account on such date;”;

“ “Moody’s Aggregate Partnership Non-program Vehicle Amount” means, on any date,
76.9% of the sum of the Current Book Values of the Partnership Non-program
Vehicles manufactured by each Manufacturer on such date (other than a
Partnership Non-program Vehicle in respect of which a Partnership Vehicle
Receivable is outstanding) after deducting from the sum of such Current Book
Values the aggregate amounts owing to such Manufacturers by the Partnership in
respect of such Partnership Non-program Vehicles on such date;”;

“ “Moody’s Aggregate Partnership Program Vehicle Amount” means, on any date,
72.5% of the sum of the Current Book Values of the Partnership Program Vehicles
and the Program Negotiation Vehicles manufactured by each Eligible Manufacturer
rated less than Baa3 by Moody’s on such date (other than any Program Negotiation
Vehicles or Partnership Program Vehicles in respect of which a Partnership
Vehicle Receivable is outstanding) after deducting from the sum of such Current
Book Values the aggregate amounts owing to such Manufacturers by the Partnership
in respect of such Partnership Program Vehicles and Program Negotiation Vehicles
on such date;”; and

“ “Moody’s Maximum Limited Partners’ Funded Amount”“ means, at any time, the sum
of the Moody’s Aggregate Partnership Program Vehicle Amount, the Moody’s
Aggregate Partnership Non-program Vehicle Amount, the Letter of Credit Amount,
any Non-restricted Cash and the balance in the Principal Funding Account, in
each case, at such time;”.

 

  (b) by deleting the terms “Aggregate Partnership Non-program Vehicle Amount”
and “Aggregate Partnership Program Vehicle Amount” in their entirety and
substituting the following therefor, respectively:

“ “Aggregate Partnership Non-program Vehicle Amount” means, on any date, the sum
of the products of the individual Partnership Non-program Vehicle Percentages on
such date and the sum of the Current Book Values of the Partnership Non-program
Vehicles manufactured by each such Manufacturer on such date (other than a
Partnership Non-program Vehicle in respect of which a Partnership Vehicle
Receivable is outstanding) after deducting from the sum of such Current Book
Values the aggregate amounts owing to such Manufacturers by the Partnership in
respect of such Partnership Non-program Vehicles on such date;” and

 

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“ “Aggregate Partnership Program Vehicle Amount” means, on any date, the sum of
the products of the individual Eligible Manufacturer Percentages on such date
and the sum of the Current Book Values of the Partnership Program Vehicles and
the Program Negotiation Vehicles manufactured by each such Eligible Manufacturer
on such date (other than any Program Negotiation Vehicles or Partnership Program
Vehicles in respect of which a Partnership Vehicle Receivable is outstanding)
after deducting from the sum of such Current Book Values the aggregate amounts
owing to such Manufacturers by the Partnership in respect of such Partnership
Program Vehicles and Program Negotiation Vehicles on such date;”.

 

  (c) by deleting the defined term “Aggregate Payables Amount” in its entirety.

 

  (d) by deleting the defined term “DBRS” in its entirety and substituting the
following therefor:

“ “DBRS” means DBRS Limited and its successors;”.

 

  (e) by deleting the defined term “Eligible Institution” in its entirety and
substituting the following therefor:

“ “Eligible Institution” means a depositary institution which at all times
(a) has either (i) a long-term unsecured debt rating of at least AA (low) or an
equivalent rating from DBRS, and P-1 or an equivalent rating from Moody’s,
(ii) a short-term rating of at least R-1 (middle) or an equivalent rating from
DBRS, and a rating of P-1 or an equivalent rating from Moody’s, or (iii) been
approved by the Rating Agency, or (b) has its obligations with respect to the
relevant matter guaranteed by an institution with either of the ratings referred
to in (a)(i) or (ii);”.

 

  (f) by deleting the defined term “Eligible Investments” in its entirety and
substituting the following therefor:

“ “Eligible Investments” means book-based securities, negotiable instruments or
securities maturing not later than the Business Day preceding the next
succeeding Remittance Date after such date represented by instruments in bearer
or registered form which evidence any of:

 

  (a) direct obligations of, or obligations fully guaranteed as to the timely
payment of principal and interest by, the Government of Canada;

 

  (b) direct obligations of, or obligations fully guaranteed as to the timely
payment of principal and interest by, the government of a province of Canada;

 

  (c)

direct obligations of, or obligations fully guaranteed as to the timely payment
of principal and interest by banks or trust companies chartered or licensed
under the laws of Canada or any province thereof which bank or

 

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trust company has a short-term debt rating of at least R-1 (middle) or an
equivalent rating from DBRS, and a rating of P-1 or an equivalent rating from
Moody’s;

 

  (d) commercial paper and any other securities having, at the time of the
investment or contractual commitment to invest therein, a rating of at least R-1
(middle) or an equivalent rating from DBRS, and a rating of P-1 or an equivalent
rating from Moody’s;

 

  (e) notes issued and bankers’ acceptances accepted by, overnight repurchase
agreements with and call loans to, any bank or trust company referred to in
(c) above;

 

  (f) term deposits with an entity, the short-term debt or deposits of which
have a rating of at least R-1 (middle) or an equivalent rating from DBRS, and a
rating of P-1 or an equivalent rating from Moody’s; and

 

  (g) any other class of investments approved in writing by the Rating Agency
(other than those set out in (a) to (f) above),

provided, however, that the aggregate amount of Eligible Investments that may be
represented by the securities of any single issuer (other than obligations of or
fully guaranteed by the Government of Canada) shall not exceed the greater of
(i) $1,000,000 and (ii) 10% of total Eligible Investments. For greater
certainty, if otherwise qualified in accordance with the foregoing clauses of
this definition, securities of a Limited Partner, a Securitization Agent, Bank
of Montreal, The Bank of Nova Scotia and any Affiliate of the foregoing are
Eligible Investments;”.

 

  (g) by deleting the defined term “Maximum Limited Partners’ Funded Amount” in
its entirety and substituting the following therefor:

“ “Maximum Limited Partners’ Funded Amount” means, at any time, the lesser of
the DBRS Maximum Limited Partners’ Funded Amount and the Moody’s Maximum Limited
Partners’ Funded Amount, in each case, at such time;”.

 

  (h) by deleting the words “the Rating Agency” where they appear in the
definitions of “Eligible Manufacturer Percentage” and “Partnership Vehicle
Receivable Percentage” and replacing those words with “DBRS”.

 

  (i) by deleting the defined term “Rating Agency” in its entirety and
substituting the following therefor:

“ “Rating Agency” means DBRS and Moody’s and its successors and, at any
particular time after the date hereof, may include any other nationally
recognized credit rating agency or agencies then authorized by the STARS
Securitization Agent or the Bay Street Securitization Agent to rate securities
issued by the relevant Limited Partner;”.

 

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  (j) by deleting the defined term “Temporary GP Contributions” in its entirety
and substituting the following therefor:

“ “Temporary GP Contributions” means amounts contributed to the Partnership by a
General Partner on a temporary basis from time to time pending Capital Calls to
fund the purchase of Partnership Vehicles up to but not in excess of the
Original Book Value of such Vehicles and not contributed to allow (i) the
aggregate balance of the Limited Partners’ Capital Account for the Limited
Partners to be less than or equal to the Maximum Limited Partners’ Funded
Amount, or (ii) the Maximum Limited Partners’ Funded Amount to be less than or
equal to the product of (x) the Funded Assets, and (y) 0.97;”.

 

2.2 Section 2.7(k) of the Limited Partnership Agreement is hereby amended by
deleting it in its entirety and substituting the following therefor:

“Insurance. The casualty loss and third party liability insurance carried by
each General Partner in respect of its business, business premises and Vehicles
is as described in Schedule F and also provides for notice from the applicable
insurer to the Partnership with a copy to each Limited Partner in the event of
any coverage lapse or pending lapse. Such insurance is provided by third party
underwriters whose claims paying ability or similar measure is rated not lower
than A (low) (or such lower rating as may be approved by the Rating Agency) or
the equivalent by as many of DBRS, S&P, Moody’s and Best’s as rate it or, if
such ability or other measure is not rated by at least one of DBRS, S&P, Moody’s
and Best’s, whose profitability ranking has the highest rating from T.R.A.C.
Insurance Services Ltd. Each General Partner self insures against the first
$1,000,000 of claims relating to third party liability and collisions, has at
its own expense made such self insurance available to the Partnership and has
taken adequate reserves in respect of such self insurance.”.

 

2.3 Section 2.8 of the Limited Partnership Agreement is hereby amended by adding
the following subsection (i) at the end of such Section:

“(i) Notice to Moody’s. The Avis General Partner shall notify Moody’s in the
event that the aggregate of the outstanding Notes and Bonds issued by the
Limited Partners to fund their related Funded Amounts when taken together with
the funding obtained by the Limited Partners under Liquidity Agreements is at
any time less than $50,000,000.”

 

2.4 Section 3.3(c) of the Limited Partnership Agreement is hereby amended by
deleting it in its entirety and substituting the following therefor:

“(c) With respect to any Capital Call made pursuant to Section 3.3(a), either
General Partner shall make, simultaneously with the payment from the Limited
Partners, a capital contribution by way of immediately available funds deposited
to the Vehicle Account, in such amount that, after giving effect to all such
capital contributions and the use of proceeds thereof and any increase in the
Letter of Credit Amount, (i) the aggregate balance of the Limited Partners’
Capital Accounts for the Limited Partners (calculated on the assumption that all
Net Income of the Partnership up to the particular time has been

 

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allocated to the Partners at such time), excluding any capital contributed by
the Limited Partners pursuant to Section 4.8, shall be less than or equal to the
Maximum Limited Partners’ Funded Amount and (ii) the Maximum Limited Partners’
Funded Amount shall be less than or equal to the product of (x) the Funded
Assets, and (y) 0.97. If a General Partner would be entitled to have repaid to
it a Temporary GP Contribution or a PNV Excess at a time when such General
Partner would be obligated to make a capital contribution pursuant to this
subsection 3.3(c), such General Partner may credit its Temporary GP Contribution
or PNV Excess against the capital contribution that it would otherwise be
obligated to make.”.

 

2.5 Section 3.3(e) of the Limited Partnership Agreement is hereby amended by
deleting such section in its entirety and substituting therefor the following:

“(e) Each General Partner covenants and agrees to contribute at all times up to
and including the day of occurrence of a Trigger Event, but not after such day,
sufficient capital to the Partnership from time to time by way of additional
capital contribution and/or causing the Letter of Credit Amount to be increased,
as the case may be, so that (i) the aggregate balance of the Limited Partners’
Capital Accounts for the Limited Partners (calculated on the assumption that all
Net Income of the Partnership up to the particular time has been allocated to
the Partners at such time), excluding any capital contributed by the Limited
Partners pursuant to Section 4.8, shall be less than or equal to the Maximum
Limited Partners’ Funded Amount, and (ii) the Maximum Limited Partners’ Funded
Amount shall be less than or equal to the product of (x) the Funded Assets, and
(y) 0.97.”.

 

2.6 Section 3.3(f) of the Limited Partnership Agreement is hereby amended by
deleting such section in its entirety and substituting therefore the following:

“(f) If (i) any distribution or distributions are made to the Limited Partners
in any Remittance Period pursuant to paragraph 4.7(b)(vi) and (ii) no Trigger
Event has occurred and is continuing, on the next occurring Remittance Date
after such Remittance Period, the General Partners may make a Capital Call on
the Limited Partners (such Capital Call, as between the Limited Partners, to be
effected in accordance with subsection 3.3(a)) for an amount equal to the amount
that would have been distributed to the General Partners pursuant to paragraph
4.7(b)(vi) had the amount of such distribution or distributions been made to all
Partners pro rata according to their respective Funded Amounts at the time of
such distribution or distributions (the “Payout Excess”) and the proceeds may be
used to distribute to the General Partners an amount equal to the Payout Excess,
provided that following such distribution to the General Partners (i) the
aggregate balance of the Limited Partners’ Capital Accounts for the Limited
Partners shall be less than or equal to the Maximum Limited Partners’ Funded
Amount and (ii) the Maximum Limited Partners’ Funded Amount shall be less than
or equal to the product of (x) the Funded Assets, and (y) 0.97.”.

 

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2.7 Section 3.4 of the Limited Partnership Agreement is hereby amended by
deleting the last sentence of such Section and replacing it with the following:

“The General Partners shall be responsible for all costs and expenses associated
with all such Hedging Transactions and the counterparty to all such Hedging
Transactions shall have a long-term debt rating of at least AA (low) or an
equivalent rating from DBRS, P-1 or an equivalent rating from Moody’s or an
equivalent rating from S&P or such lower rating as the Rating Agency may
approve.”

 

2.8 Section 3.5(b)(i) of the Limited Partnership Agreement is hereby deleted in
its entirety and the following is substituted therefor:

“(i) the cash and other consideration that has been contributed pursuant hereto
by such General Partner to the Partnership as capital at or prior to such time,
including capital contributions credited to a General Partner as consideration
for sales made by such General Partner pursuant to a Licensee Vehicle Assignment
Agreement or capital contributions represented by amounts drawn under Letters of
Credit.”.

 

2.9 Section 3.5(c) of the Limited Partnership Agreement is hereby deleted in its
entirety and the following is substituted therefor:

“(c) As used herein, “Limited Partner’s Capital Account” means, for each Limited
Partner at any time, the amount, if any, by which the aggregate of:

(i) the cash that has been contributed pursuant hereto by such Limited Partner
to the Partnership as capital at or prior to such time, plus

(ii) any amount allocated to such Limited Partner from Net Income in respect of
any Settlement Period at or prior to that time, plus

(iii) any amount by which the aggregate of the amounts by which each General
Partner’s Capital Account is reduced at or prior to such time as set out in
Section 3.5(b)(v),

exceeds the aggregate of

(iv) the cash that has been distributed to such Limited Partner at or prior to
such time including any amount drawn down under a Letter of Credit pursuant to
subsection 8.2(a)(v) which has been used to repay Notes and/or Bonds of such
Limited Partner, plus,

(v) the portion of any amount allocated to such Limited Partner from Net Loss in
respect of any Settlement Period at or prior to such time;

and “Limited Partners’ Capital Accounts” means the Limited Partner’s Capital
Accounts for all Limited Partners.”.

 

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2.10 A new Section is 3.10 is hereby added to the Limited Partnership Agreement
as follows:

 

  “3.10 Letter of Credit

 

  (a) If,

(i) prior to the date which is 30 days prior to the scheduled expiration date of
a Letter of Credit, such Letter of Credit shall not have been extended; or,

(ii) either Limited Partner or either General Partner receives notice from an
L/C Provider of an unscheduled termination of a Letter of Credit and there shall
have not been appointed a replacement L/C Provider who has issued or will issue,
prior to the termination of such Letter of Credit, a Letter of Credit having a
term that extends beyond such date of termination; or,

(iii) at any time, the rating of the long-term debt obligations of an L/C
Provider is reduced below AA (low) by DBRS or P-1 by Moody’s, or if an L/C
Provider is not then rated by DBRS and Moody’s, the rating of the short-term
debt obligations of such L/C Provider is reduced below A-1 by S&P;

the General Partners shall, within 15 Business Days following any such
occurrence (but, in the case of receipt of notice of an unscheduled termination
under clause (ii) above, in no event later than 5 Business Days prior to the
pending termination date of the affected Letter(s) of Credit),

 

  (A) cause such Letter of Credit (or, in the case of clause (iii) above, all of
the Letters of Credit issued by such L/C Provider) to be replaced with one or
more irrevocable letters of credit issued by one or more L/C Providers with an
aggregate stated amount not less than the lesser of (1) the aggregate undrawn
stated amount of the affected Letter(s) of Credit or (2) the amount necessary to
cause (i) the aggregate balance of the Limited Partners’ Capital Accounts for
the Limited Partners (calculated on the assumption that all Net Income of the
Partnership up to the particular time has been allocated to the Partners at such
time), excluding any capital contributed by the Limited Partners pursuant to
Section 4.8, to be less than or equal to the Maximum Limited Partners’ Funded
Amount and (ii) the Maximum Limited Partners’ Funded Amount to be less than or
equal to the product of (x) the Funded Assets, and (y) 0.97, after the issuance
of such replacement Letter(s) of Credit, or make any other arrangement
satisfactory to the Limited Partners, the Rating Agency and each of the
Securitization Agents;

 

  (B)

as an additional capital contribution, deposit into the Vehicle Account and pay
to the Limited Partners, as a return of capital, an amount equal to the lesser
of (1) the aggregate undrawn stated

 

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amount of the affected Letter(s) of Credit or (2) the amount necessary to cause
(i) the aggregate balance of the Limited Partners’ Capital Accounts for the
Limited Partners (calculated on the assumption that all Net Income of the
Partnership up to the particular time has been allocated to the Partners at such
time), excluding any capital contributed by the Limited Partners pursuant to
Section 4.8, to be less than or equal to the Maximum Limited Partners’ Funded
Amount and (ii) the Maximum Limited Partners’ Funded Amount to be less than or
equal to the product of (x) the Funded Assets, and (y) 0.97, after such deposit
and payment; or

 

  (C) notify the Limited Partners that they do not intend to replace such
Letter(s) of Credit pursuant to (A) above or to provide such deposit to the
Vehicle Account pursuant to (B) above (which notice shall be deemed to have been
given to the Limited Partners if the General Partners have not replaced such
Letter(s) of Credit pursuant to (A) above or provided such deposit to the
Vehicle Account pursuant to (B) above within 15 Business Days of the relevant
occurrence), in which case the Partnership shall cause draws to be made under
the affected Letter(s) of Credit in an aggregate amount equal to the lesser of
(1) the aggregate undrawn stated amount of the affected Letter(s) of Credit or
(2) the amount necessary to cause (i) the aggregate balance of the Limited
Partners’ Capital Accounts for the Limited Partners (calculated on the
assumption that all Net Income of the Partnership up to the particular time has
been allocated to the Partners at such time), excluding any capital contributed
by the Limited Partners pursuant to Section 4.8, to be less than or equal to the
Maximum Limited Partners’ Funded Amount and (ii) the Maximum Limited Partners’
Funded Amount to be less than or equal to the product of (x) the Funded Assets,
and (y) 0.97, after such draw(s) and, if and to the extent received, deposit
such amount into a deposit account established in the name of the Partnership at
an Eligible Institution and known as the “Cash Collateral Account”;

provided, however, in the event that at any time the long-term debt obligations
of an L/C Provider are no longer rated or are rated below A by DBRS or P-1 by
Moody’s, or, if an L/C Provider is not then rated by DBRS and Moody’s, the
short-term debt obligations of such L/C Provider are rated A-1 by S&P, the
General Partners shall promptly notify the Limited Partners or the Limited
Partners may notify the General Partners, of same and the Partnership shall
cause a draw to be made under the affected Letter(s) of Credit in an amount
equal to the lesser of (1) the aggregate undrawn stated amount of the affected
Letter(s) of Credit or (2) the amount necessary to cause (i) the aggregate
balance of the Limited Partners’ Capital Accounts for the Limited Partners
(calculated on the assumption that all Net Income of the Partnership up to the
particular time has been allocated to the Partners at such time), excluding any
capital contributed by the Limited Partners pursuant to Section 4.8, to be less
than or equal to the Maximum Limited Partners’ Funded Amount and (ii) the
Maximum Limited Partners’ Funded Amount to be less

 

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than or equal to the product of (x) the Funded Assets, and (y) 0.97, after such
draw(s) and, if and to the extent received, deposit the amount of such drawing
into the Cash Collateral Account. The General Partners shall provide the Rating
Agency with written notice of the occurrence of any event set out in
Section 3.10(a)(i) or (ii).

The General Partners shall have the right to, from time to time, withdraw funds
from the Cash Collateral Account, reduce the aggregate stated amount of a Letter
of Credit or cancel and return a Letter of Credit to the applicable L/C Provider
provided that, in each case, the General Partners prior thereto or
simultaneously therewith demonstrate to the Limited Partners, to the reasonable
satisfaction of the Limited Partners, that after giving effect thereto (i) the
aggregate balance of the Limited Partners’ Capital Accounts for the Limited
Partners (calculated on the assumption that all Net Income of the Partnership up
to the particular time has been allocated to the Partners at such time),
excluding any capital contributed by the Limited Partners pursuant to
Section 4.8, is less than or equal to the Maximum Limited Partners’ Funded
Amount and (ii) the Maximum Limited Partners’ Funded Amount is less than or
equal to the product of (x) the Funded Assets, and (y) 0.97.

 

  (b) Funds on deposit in the Cash Collateral Account shall be invested by the
General Partners in Eligible Investments from time to time, but always in a
manner that will result in such investments maturing so that such funds will be
available for withdrawal on or prior to the next following Remittance Date. The
General Partners shall hold possession of the negotiable instruments or
securities, if any, evidencing such investments. On each Settlement Date, all
interest and earnings (net of losses and investment expenses) accrued since the
preceding Settlement Date on funds on deposit in the Cash Collateral Account
shall be paid to the General Partners. For purposes of determining the
availability of funds or the balances in the Cash Collateral Account for any
reason, all investment earnings on such funds shall be deemed not to be
available or on deposit.

 

  (c) Upon the earliest to occur of (i) the termination of this Agreement and
(ii) the day on which the Limited Partner’s Capital Account for each Limited
Partner is equal to zero and no further obligation exists for the Limited
Partners to make capital contributions hereunder, the General Partners may
withdraw from the Cash Collateral Account all amounts on deposit therein and
deposit such amounts into the Vehicle Account.

 

  (d) Unless the context requires otherwise, any reference in this Agreement to
a draw under a Letter of Credit shall be deemed to refer to a withdrawal from
the Cash Collateral Account when so applicable.

 

  (e) Any amount deposited into the Cash Collateral Account in accordance with
this Section 3.10 or drawn down and distributed in accordance with
Section 8.2(a)(v) will be recognized as an additional capital contribution by
the General Partner on behalf of whom the related Letters of Credit were
issued.”.

 

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2.11 Section 4.7(b)(vii)(E) of the Limited Partnership Agreement is hereby
deleted in its entirety and the following is substituted therefor:

“(E) fifth, provided that each of the Deficit Bond Accumulation Amount and the
Deficit Controlled Amortization Amount is equal to zero, if the General Partners
determine, acting reasonably, that some or all of the balance of the cash in the
Vehicle Account will not be required to fund the purchase of Vehicles required
to be paid for in the Settlement Period in which the Remittance Date occurs, the
amount of such cash as allocated between the General Partners by the General
Partners shall be paid to each General Partner as a return of capital to the
extent that such payment would not result in (i) the aggregate balance of the
Limited Partners’ Capital Accounts for the Limited Partners (calculated on the
assumption that all Net Income of the Partnership up to the particular time has
been allocated to the Partners at such time), excluding any capital contribution
by the Limited Partners pursuant to Section 4.8, to be less than or equal to the
Maximum Limited Partners’ Funded Amount or (ii) the Maximum Limited Partners’
Funded Amount to be less than or equal to the product of (x) the Funded Assets,
and (y) 0.97.

 

2.12 Section 5.3(f)(i) of the Limited Partnership Agreement is hereby deleted in
its entirety and the following is substituted therefor:

 

  “(i) cash and Eligible Investments, the Letter(s) of Credit, the Rental
Account, the Vehicle Account, the VAT Account and the Cash Collateral Account,”.

 

2.13 Section 5.4(c) of the Limited Partnership Agreement is hereby deleted in
its entirety and the following is substituted therefor:

“(c) When and to the extent the General Partners make a Capital Call for the
purpose of funding the purchase of Program Negotiation Vehicles, each of them
shall ensure that after giving effect to such Capital Call and any increase in
the Letter of Credit Amount relating thereto, (i) the aggregate balance of the
Limited Partners’ Capital Accounts for the Limited Partners (calculated on the
assumption that all Net Income of the Partnership up to the particular time has
been allocated to the Partners at such time), excluding any capital contributed
by the Limited Partners pursuant to Section 4.8, shall be less than or equal to
the Maximum Limited Partners’ Funded Amount, and (ii) the Maximum Limited
Partners’ Funded Amount is less than or equal to the product of (x) the Funded
Assets, and (y) 0.97.”.

 

2.14 Section 8.1 of the Limited Partnership Agreement is hereby amended by
deleting subsections (k) and (l) thereto and replacing them with the following:

“(k) any Notes that are rated by DBRS or Moody’s being rated lower than R-1
(high) or its equivalent by DBRS or P-1 or its equivalent by Moody’s,
respectively, or the STARS Securitization Agent or the Bay Street Securitization
Agent giving notice in writing to the General Partners that the Rating Agency
has given notice to it or the relevant Limited Partner that, unless the
Partnership or the ownership by such Limited Partner of its Limited Partnership
Interest is terminated, the Rating Agency will reduce the rating on any Notes
below R-1 (high) or its equivalent (in the case of DBRS) or P-1 or its
equivalent (in the case of Moody’s);

 

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(l) any series of Bonds that are rated by DBRS or Moody’s being rated lower than
AAA or its equivalent by DBRS or Aaa or its equivalent by Moody’s, respectively,
or the STARS Securitization Agent or the Bay Street Securitization Agent giving
notice in writing to the General Partners that the Rating Agency has given
notice to it or the relevant Limited Partner that, unless the Partnership or the
ownership by such Limited Partner of its Limited Partnership Interest is
terminated, the Rating Agency will reduce the rating on any series of Bonds
below AAA or its equivalent (in the case of DBRS) or Aaa or its equivalent (in
the case of Moody’s);”.

 

2.15 Section 8.1 of the Limited Partnership Agreement is hereby amended by
adding a new subsection 8.1(p):

“(p) unless (i) the inclusion of such Letter(s) of Credit in the calculation of
the Letter of Credit Amount is not necessary for (A) the aggregate balance of
the Limited Partners’ Capital Accounts for the Limited Partners (calculated on
the assumption that all Net Income of the Partnership up to the particular time
has been allocated to the Partners at such time), excluding any capital
contributed by the Limited Partners pursuant to Section 4.8, to be less than or
equal to the Maximum Limited Partners’ Funded Amount, or (B) the Maximum Limited
Partners’ Funded Amount to be less than or equal to the product of (x) the
Funded Assets, and (y) 0.97, (ii) the Cash Collateral Account shall have
previously been funded if, and to the full extent, required pursuant to the
terms of Section 3.10, or (iii) substitute credit enhancement acceptable to each
of the Securitization Agents and the Rating Agency in an amount equal to the
undrawn face amount of such Letter(s) of Credit shall have been obtained, (X) a
Letter of Credit shall not be in full force and effect or shall be otherwise
unenforceable, or (Y) any applicable L/C Provider shall have become subject to
any of the circumstances or proceedings referred to in paragraphs (i) or
(j) above (i.e., as if references to a General Partner in such paragraphs were
references to the L/C Provider), or shall have repudiated or otherwise
disclaimed liability under such Letter of Credit, and in the case of the
occurrence of either (X) or (Y) above, no Letter of Credit or substitute credit
enhancement acceptable to the Limited Partners and the Rating Agency shall have
been obtained within the time period provided for in Section 3.10 (or, if no
time period is provided in Section 3.10 for such event or occurrence, within 15
Business Days after the General Partners have received written notice from a
Limited Partner of such event or occurrence).”.

 

2.16 A new Section 8.2(a)(v) is hereby added to the Limited Partnership
Agreement as follows:

“(v) the Partnership shall be entitled to draw down, at any time, the Letter of
Credit Amount under the Letter(s) of Credit, in full, any such drawn amounts
shall be distributed to the Limited Partners pro rata based on the Limited
Partner’s Funded Amounts and shall be used by the Limited Partners to repay
Notes and/or Bonds.”.

 

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2.17 Section 8.3(a) of the Limited Partnership Agreement is hereby amended by
deleting the first sentence of that section in its entirety and substituting the
following therefor:

“If a Trigger Event under subsection (b), (c), (d), (e), (f), (g), (h), (i),
(j), (k), (l), (m), (n) or (p) of Section 8.1 has occurred and is continuing,
and if the General Partners have not exercised their rights under Section 8.4,
either Limited Partner shall be entitled to appoint an additional general
partner to the Partnership (the “Additional General Partner”) who shall serve in
addition to the General Partners; provided, however, that at no time shall there
be more than one Additional General Partner appointed”.

 

2.18 Section 8.5(b)(iii) of the Limited Partnership Agreement is hereby deleted
in its entirety and the following is substituted therefor:

“(iii) third, to pay to each General Partner as a return of capital an amount
equal to any Temporary GP Contributions for such General Partner which have not
been previously repaid, if and to the extent that after payments pursuant to
this Section 8.5(b)(iii) have been made (i) the aggregate balance of the Limited
Partners’ Capital Accounts for the Limited Partners will be less than or equal
to the Maximum Limited Partners’ Funded Amount, and (ii) the Maximum Limited
Partners’ Funded Amount will be less than or equal to the product of (x) the
Funded Assets, and (y) 0.97;”.

 

2.19 Section 8.5(b)(iv) of the Limited Partnership Agreement is hereby deleted
in its entirety and the following is substituted therefor:

“(iv) fourth, to pay to each General Partner as a return of capital an amount
equal to any Payout Excess or PNV Excess for such General Partner which has not
been previously repaid, if and to the extent that after payments pursuant to
this Section 8.5(b)(iv) have been made (i) the aggregate balance of the Limited
Partners’ Capital Accounts for the Limited Partners will be less than or equal
to the Maximum Limited Partners’ Funded Amount, and (ii) the Maximum Limited
Partners’ Funded Amount will be less than or equal to the product of (x) the
Funded Assets, and (y) 0.97;”.

 

2.20 Section 10.4(e) of the Limited Partnership Agreement is hereby deleted in
its entirety and the following is substituted therefor:

 

  “(e) and if to the Rating Agency :

 

  (i) in the case of DBRS:

DBRS Tower

181 University Avenue

Suite 700

Toronto, ON M5H 3M7

 

Attention:   Managing Director, Canadian Structured Finance Fax No.:   (416)
593-5904

 

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  (ii) in the case of Moody’s:

Moody’s Investor Service

7 World Trade Centre at 250 Greenwich Street

New York, NY 10007

 

Attention:   ABS/RMBS Monitoring Department, 25th Floor Fax No.:   (212)
298-7139

 

2.21 The Limited Partnership Agreement is hereby amended by deleting Schedule D
to the Limited Partnership Agreement in its entirety and replacing it with
Schedule D annexed hereto.

 

3. Other Documents

Any reference to the Limited Partnership Agreement made in any documents
delivered pursuant thereto or in connection therewith shall be deemed to refer
to the Limited Partnership Agreement as amended or supplemented from time to
time.

 

4. Miscellaneous

 

  (a) With the exception of the foregoing amendments, the Limited Partnership
Agreement shall continue in full force and effect, unamended.

 

  (b) This Agreement shall enure to the benefit of and be binding upon the
parties, their successors and any permitted assigns.

 

  (c) This Agreement may be executed in one or more counterparts each of which
shall be deemed an original and all of which when taken together, shall
constitute one and the same instrument.

 

  (d) None of the rights or obligations hereunder shall be assignable or
transferable by any party without the prior written consent of the other party.

 

  (e) This Agreement shall be governed and construed in accordance with the laws
of the Province of Ontario and the federal laws of Canada applicable therein.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties hereto have cause this Agreement to be executed
by their authorizes signatories thereunto duly authorized, as of the date first
above written.

 

AVISCAR INC. By:  

/s/ David Calabria

Name:   David Calabria Title:   Assistant Treasurer By:  

 

Name:   Title:   BUDGETCAR INC. By:  

/s/ Rochelle Tarlowe

Name:   Rochelle Tarlowe Title:   Treasurer By:  

 

Name:   Title:   BNY TRUST COMPANY OF CANADA, as trustee of STARS TRUST (with
liability limited to the assets of STARS Trust) by its Securitization Agent, BMO
NESBITT BURNS INC. By:  

/s/ Christopher Romano

Name:   Christopher Romano Title:   Managing Director By:  

/s/ Terry J. Ritchie

Name:   Terry Ritchie Title:   Managing Director

 

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MONTREAL TRUST COMPANY OF CANADA, as trustee of BAY STREET FUNDING TRUST (with
liability limited to the assets of Bay Street Funding Trust) by its
administrator, SCOTIA CAPITAL INC. By:  

/s/ Douglas Noe

Name:   Douglas Noe Title:   Director, Structured Finance By:  

 

Name:   Title:  

 

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The undersigned hereby acknowledges notice of and consents to the foregoing
amendments to the Limited Partnership Agreement.

DATED this 5th day of March, 2008.

 

AVIS BUDGET CAR RENTAL, LLC by  

/s/ David Calabria

Name:   David Calabria Title:   Assistant Treasurer

 

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SCHEDULE D

FORM OF SETTLEMENT REPORT

 

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