Exhibit 10.1
Extension of Scheduled Expiry Date
          Reference is made to that certain Amended and Restated Series 2006-2
Indenture Supplement, dated as of December 1, 2006, as amended by the First
Amendment thereto, dated as of March 6, 2007, and the Second Amendment thereto,
dated as of November 30, 2007 (as further amended or supplemented, the
“Series 2006-2 Indenture Supplement”), among Chesapeake Funding LLC (the
“Issuer”), PHH Vehicle Management Services, LLC, as administrator, the several
commercial paper conduits listed on Schedule I thereto (the “CP Conduit
Purchasers”), the banks party thereto with respect to each CP Conduit Purchaser
(the “APA Banks”), the agent banks party thereto with respect to each CP Conduit
Purchaser (the “Funding Agents”), JPMorgan Chase Bank, N.A., in its capacity as
administrative agent for the CP Conduit Purchasers, the APA Banks and the
Funding Agents, and The Bank of New York Mellon (formerly known as The Bank of
New York), as Indenture Trustee (the “Indenture Trustee”), to the Base
Indenture, dated as of March 7, 2006 between the Issuer and the Indenture
Trustee. All capitalized terms defined in the Series 2006-2 Indenture Supplement
and used herein shall have the meanings given to them therein.
          The undersigned hereby agree to extend the Scheduled Expiry Date to
December 17, 2008.
Dated: December 8, 2008

            PARK AVENUE RECEIVABLES COMPANY, LLC, as a CP Conduit Purchaser

By: JPMorgan Chase Bank, N.A., its attorney-in-fact
        By:   /s/ Corina Mills         Name:   Corina Mills       Title:   Vice
President       JPMORGAN CHASE BANK, N.A., as an APA Bank
      By:   /s/ Corina Mills         Name:   Corina Mills       Title:   Vice
President  

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2

         

            VARIABLE FUNDING CAPITAL COMPANY
LLC, as a CP Conduit Purchaser

By: WACHOVIA CAPITAL MARKETS, LLC,
       As Attorney-in-Fact
        By:   /s/ Douglas R. Wilson, Sr.         Name:   Douglas R. Wilson, Sr.
      Title:   Director       WACHOVIA BANK, NATIONAL ASSOCIATION, as an APA
Bank
      By:   /s/ Kevin McConnell         Name:   Kevin McConnell       Title:  
Managing Director    

Signature Page to Series 2006-2 Consent

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3

            YC SUSI TRUST, as a CP Conduit Purchaser
      By:   Bank of America, National Association, as Administrative Trustee    
    By:   /s/ Leif E. Rauer         Name:   Leif E. Rauer       Title:   Vice
President       BANK OF AMERICA, NATIONAL ASSOCIATION, as an APA Bank
      By:   /s/ Leif E. Rauer         Name:   Leif E. Rauer       Title:   Vice
President    

Signature Page to Series 2006-2 Consent

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4

            LIBERTY STREET FUNDING LLC, as a CP
Conduit Purchaser
      By:   /s/ Jill A. Russo         Name:   Jill A. Russo       Title:   Vice
President       THE BANK OF NOVA SCOTIA, as an APA Bank
      By:   /s/ Michael Eden         Name:   Michael Eden       Title:  
Director    

Signature Page to Series 2006-2 Consent

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5

            PARADIGM FUNDING, LLC, as a CP Conduit
Purchaser
      By:   /s/ Doris J. Hearn       Name: Doris J. Hearn       Title: Vice
President       WESTLB AG, NEW YORK BRANCH, as an APA
Bank
      By:   /s/ Brian Statfeld       Name:   Brian Statfeld       Title:  
Managing Director             By:   /s/ Michael Gilhuley       Name:   Michael
Gilhuley       Title:   Assoc. Director    

Signature Page to Series 2006-2 Consent

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6

            CHARTA, LLC, as a CP Conduit Purchaser

By: CITICORP NORTH AMERICA, INC.,
       as Attorney-in-Fact
        By:   /s/ Steven Vierengel         Name:           Title:          
CITIBANK, N.A., as an APA Bank
      By:   /s/ Steven Vierengel         Name:           Title:        

Signature Page to Series 2006-2 Consent

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7

            SALISBURY RECEIVABLES COMPANY, as a CP Conduit Purchaser
      By:   /s/ Janette Lieu         Name:   Janette Lieu        Title:  
Director        BARCLAYS BANK PLC, as an APA Bank
      By:   /s/ Jeffrey Goldberg         Name:   Jeffrey Goldberg       
Title:   Associate Director     

Signature Page to Series 2006-2 Consent

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8

            ATLANTIC ASSET SECURITIZATION LLC, as a CP Conduit Purchaser
      By:   /s/ Kostantina Kourmpetis         Name:   Kostantina Kourmpetis     
  Title:   Managing Director              By:   /s/ Sam Pilcer         Name:  
Sam Pilcer        Title:   Managing Director        CALYON NEW YORK BRANCH, as
an APA Bank
      By:   /s/ Kostantina Kourmpetis         Name:   Kostantina Kourmpetis     
  Title:   Managing Director              By:   /s/ Sam Pilcer         Name:  
Sam Pilcer        Title:   Managing Director     

Signature Page to Series 2006-2 Consent

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9

            WINDMILL FUNDING CORPORATION, as CP
Conduit Purchaser
      By:   /s/ Jill A. Russo       Name:   Jill A. Russo       Title:   Vice
President       THE ROYAL BANK OF SCOTLAND PLC, as APA Bank and Funding Agent
      By:   /s/ Michael Zappaterrini       Name:   Michael Zappaterrini      
Title:   Managing Director    

Signature Page to Series 2006-2 Consent