2010 Amended and Restated Servicing Agreement



 Exhibit 10.48 
 FIRST AMENDMENT TO THE 2010 AMENDED AND RESTATED SERVICING AGREEMENT 
 THIS AMENDMENT (“Amendment”) is made the 21st day of December, 2011 to that certain 2010 Amended and Restated Servicing Agreement (“Agreement”) by and between AUTO LENDERS LIQUIDIATION CENTER, INC., (“Auto Lenders”) a New Jersey
Corporation AND BOSTON SERVICE COMPANY, INC., doing business as HANN FINANCIAL SERVICE CORP. (“Hann”), a New Jersey corporation, SUSQUEHANNA AUTO LEASE EXCHANGE, LLC ( a Delaware limited liability company (“SALE”), and SALE NYC,
LLC, a Delaware limited liability company (“SALE NYC”), (collectively referred to as the “Guaranteed Parties”). 

BACKGROUND 
 Auto
Lenders and the Guaranteed parties wish to amend the Amended and Restated Servicing Agreement by changing language in the 2010 Amended and Restated Servicing Agreement by inserting additional language to Paragraph 4 – Delivery &
Reconditioning of Vehicles, inserting the agreed upon Guarantee Fee for calendar year 2014 within Paragraph 9D and incorporating the internal memorandum dated 11/7/11, which sets forth the formula utilized in establishing future servicing fees paid
to Auto Lenders (a copy of which is attached hereto). 
 Change to the 2010 Amended and Restated Servicing Agreement 

Amendment to Paragraph 4 – Delivery and Reconditioning of Vehicles 
 The paragraph will limit the amount of reimbursed expense by the Guaranteed Parties to Auto Lenders covering the period of 01/01/14 through 12/31/14 to $450,000 per month. 

Amendment to Paragraph 9 – Consideration 
 This Paragraph shall be amended as it pertains to the Guarantee Fees found under Paragraph D in which the agreed upon Guarantee Fee for the calendar year 2014 will appear as follows: 

The Guarantee Fee will be $250,000 per month for the period 01/01/14 through 12/31/14. 

IN WITNESS WHEREOF, Auto Lenders and the Guaranteed Parties have caused this First Amendment to the 2010 Amended and Restated Servicing
Agreement to be executed by their duly authorized corporate officers and their corporate seals to be affixed hereto the day and year written beneath their signatures below; each intending this Amendment shall become effective on the date first
written above. 
  

											
		 		 		 	AUTO LENDERS LIQUIDIATION CENTER, INC.
					
	Attest:	 	 /s/ Jason Markus
	 		 	By:	 	 /s/ Michael Wimmer

	[Assistant] Secretary	 		 	Title:	 	Pres – CEO
				
	(Corp. Seal)	 		 	Dated:	 	12-29-11
				
		 		 		 	BOSTON SERVICE COMPANY, INC., t/a
		 		 		 	HANN FINANCIAL SERVICE CORP.
					
	Attest:	 	 /s/ Laura E. Fields
	 		 	By:	 	 /s/ Charles A. Dovico

	[Assistant Secretary]	 		 	Title:	 	President & CEO
				
	(Corp. Seal)	 		 	Dated:	 	12/29/11









 FIRST AMENDMENT TO THE 2010 AMENDED AND RESTATED SERVICING AGREEMENT



  
 Page 2 –
12/21/2011 
  


											
		 		 		 	SUSQUEHANNA AUTO LEASE EXCHANGE, LLC
					
	Attest:	 	 /s/ Laura E. Fields
	 		 	By:	 	 /s/ Charles A. Dovico

	[Assistant] Secretary	 		 	Title:	 	President
				
	(Corp. Seal)	 		 	Dated:	 	12/29/11
				
		 		 		 	SALE NYC, LLC
					
	Attest:	 	 /s/ Laura E. Fields
	 		 	By:	 	 /s/ Charles A. Dovico

	[Assistant] Secretary	 		 	Title:	 	President
				
	(Corp. Seal)	 		 	Dated:	 	12/29/11