Administration Agreement (Group II), dated as of March 9, 2010



 Exhibit 10.88 
 ADMINISTRATION AGREEMENT 
 (GROUP II) 

This ADMINISTRATION AGREEMENT (GROUP II), dated as of March 9, 2010 (this “Agreement”), is by and among CENTRE
POINT FUNDING, LLC, a special purpose limited liability company established under the laws of Delaware (“CPF”), BUDGET TRUCK RENTAL LLC, a Delaware limited liability company (“BTR”), as administrator (the
“Administrator”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, not in its individual capacity but solely as Trustee (the “Trustee”) under that certain Amended and Restated
Base Indenture, dated as of March 9, 2010 (as amended, modified or supplemented from time to time in accordance with the provisions thereof, the “Base Indenture”), between CPF and the Trustee. 

WHEREAS, CPF has entered into the Series 2010-1 Related Documents (as defined in that certain Series 2010-1 Supplement to Amended and
Restated Base Indenture, dated as of March 9, 2010 (the “Series 2010-1 Supplement”), among CPF, BTR and the Trustee) to which it is a party in connection with the issuance of the Rental Truck Asset Backed Notes, Series 2010-1
(the “Series 2010-1 Notes”), pursuant to the Base Indenture and the Series 2010-1 Supplement; 
 WHEREAS, CPF
may from time to time enter into additional Series Supplements and other related documents in connection with the issuance of additional Series of Notes that are each designated in the related Series Supplement as a “Group II Series of
Notes” (each such Series of Notes, together with the Series 2010-1 Notes, the “Group II Series of Notes”) pursuant to the Base Indenture and the applicable Series Supplements thereto (such Series Supplements, together with the
Series 2010-1 Supplement, the “Group II Series Supplements”, and the Base Indenture, together with all Group II Series Supplements thereto, the “Indenture”); 

WHEREAS, pursuant to the Series 2010-1 Related Documents and the Applicable Related Documents entered into in connection with the
issuance of additional Group II Series of Notes (collectively, the “Group II Related Documents”), CPF is required to perform certain duties in connection with the Group II Series of Notes and the related Group Specific Collateral
pledged therefor pursuant to the Indenture (the “Group II Collateral”); 
 WHEREAS, CPF desires to have the
Administrator perform certain of its respective duties under the Group II Related Documents and provide such additional services consistent with the terms of this Agreement and the Group II Related Documents as CPF may from time to time request; and

 WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services
for CPF on the terms set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 







 1. Definitions and Usage. Unless otherwise specified herein, capitalized terms used
herein (including the preamble and recitals hereto) shall have the meanings assigned to such terms in the Indenture. 
 2.
Duties of the Administrator. (a) Certain Duties with Respect to the Indenture and Applicable Related Documents. The Administrator agrees (i) to perform all duties assigned to it as Administrator under the Applicable Related
Documents with respect to any Group II Series of Notes (it being understood that the terms of such documents, to the extent related to such duties, are hereby incorporated by reference herein and form terms hereof) and (ii) to observe each and
every of the covenants (both affirmative and negative) of the Administrator in any Applicable Related Documents with respect to any Group II Series of Notes. To the extent relating to the Collateral or the Group II Collateral, the Administrator
shall prepare for execution by CPF or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of CPF to prepare, file or deliver pursuant to the
Base Indenture or the Applicable Related Documents with respect to any Group II Series of Notes. Without limiting the foregoing, the Administrator agrees to perform the following duties on behalf of CPF under the Indenture with respect to each Group
II Series of Notes: 
 (A) the preparation and delivery to the Trustee of written instructions with respect to
the investment of funds on deposit in any account specified in the related Group II Series Supplement and the liquidation of such investments as required or permitted pursuant to the provisions of such Group II Series Supplement; 

(B) the preparation and delivery to the Trustee of the Daily Report required to be prepared pursuant to
Section 4.1(a) of the Base Indenture, to the extent related to (i) deposits in, and withdrawals from, the Collection Account with respect to Group II Collateral and (ii) the Group II Collection Account; 

(C) the delivery to the Trustee of copies of all reports, certificates, information or other materials delivered to CPF
under that certain Master Motor Vehicle Operating Lease Agreement (Group II), dated as of March 9, 2010 (the “Group II CPF Lease”), among CPF, as lessor (the “Lessor”), BTR, as lessee (the
“Lessee”), and Avis Budget Car Rental, LLC (the “Guarantor”), pursuant to Section 4.1(b) of the Base Indenture; 
 (D) the preparation and delivery to the Trustee and the Paying Agent of the Monthly Certificate with respect to the Group II Series of Notes required to be delivered pursuant to Section 4.1(c) of the
Base Indenture; 
 (E) the preparation and delivery to the Paying Agent of the Monthly Noteholders’
Statement with respect to each Group II Series of Notes required to be delivered pursuant to Section 4.1(d) of the Base Indenture; 
 (F) the preparation and delivery to the Trustee of the monthly Officer’s Certificate with respect to the Collateral and the Group II Collateral pursuant to Section 4.1(e) of the Base Indenture;


  
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 (G) the preparation and delivery to the Trustee of the quarterly
Officer’s Certificate pursuant to Section 4.1(f) of the Base Indenture; 
 (H) the preparation and
delivery of any additional information regarding the financial position, results of operations or business of the Lessee, the Guarantor, the Administrator, or CPF as the Trustee may reasonably request, to the extent that such information is
available to CPF under the Group II Related Documents or the Applicable Related Documents for any other Series of Notes, pursuant to Section 4.1(g) of the Base Indenture; 

(I) the preparation and delivery to the Trustee and the Paying Agent of written instructions to make withdrawals and
payments from the Collection Account (with respect to amounts to be credited to the Group II Collection Account) and any other accounts specified in any Group II Series Supplement (including the Group II Collection Account), and to make drawings
under any Enhancement, pursuant to Section 4.1(h) of the Base Indenture and the provisions of any Group II Series Supplement; 
 (J) the preparation of the Annual Noteholders’ Tax Statement with respect to each Group II Series of Notes, pursuant to Section 4.2(b) of the Base Indenture; 

(K) the delivery to any Noteholder of any Group II Series of Notes and to any prospective purchaser of such Notes of the
information required by Rule 144A(d)(4) of the Securities Act pursuant to Section 4.3 of the Base Indenture; 
 (L) the preparation and delivery to the Trustee of written instructions with respect to the investment of amounts in the Collection Account (with respect to amounts to be credited to the Group II
Collection Account), the Group II Collection Account and any other account with respect to any Group II Series of Notes in accordance with the Collection Account Control Agreement or other applicable account control agreement pursuant to
Section 5.1(b) of the Base Indenture; 
 (M) the preparation and delivery to the Trustee of written
instructions to establish and maintain the Group II Collection Account, any applicable Series Accounts and/or administrative sub-accounts of the Collection Account pursuant to Section 5.1(d) of the Base Indenture; 

(N) the preparation and delivery to the Trustee of the notice of defaults applicable to the Group II Series of Notes and
the accompanying Officer’s Certificate pursuant to Section 8.9 of the Base Indenture; 
 (O) the
preparation and delivery to the Trustee of the notice of material proceedings pursuant to Section 8.10 of the Base Indenture; 
 (P) the preparation and delivery to the Trustee of other information as the Trustee may reasonably request pursuant to Section 8.11 of the Base Indenture; 

(Q) the preparation and delivery to the Trustee, and filing of, all supplements, amendments, financing statements,
continuation statements, if any, instruments of further 

  
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assurance and other instruments necessary to protect the security interests in the Collateral and the Group II Collateral pursuant to Section 8.12(a) of the Base Indenture; 

(R) the delivery to the Trustee of the Opinions of Counsel pursuant to Section 7.15 of the Series 2010-1 Supplement;

 (S) the making of any required filings and the delivery to the Trustee of the Officer’s Certificate,
Opinion of Counsel and copies of such filings, in connection with a change of location or legal name pursuant to Section 8.20 of the Base Indenture; 
 (T) the arrangement for the prompt sale of each Group II CPF Truck returned to CPF pursuant to Section 8.26 of the Base Indenture; 

(U) the arrangement for the acquisition of additional Trucks intended to become Group II CPF Trucks and corresponding
notice to the Trustee pursuant to Section 8.27 of the Base Indenture; 
 (V) the obtaining and maintenance
of insurance coverage for the Group II CPF Trucks and the provision for prior written notice to the Trustee of changes in, or cancellation of, such insurance coverage pursuant to Section 8.28 of the Base Indenture; 

(W) the delivery to the Trustee of the written certification prepared by an independent certified public accountant, the
Officer’s Certificates and Opinions of Counsel, if so required, relating to termination of the Indenture pursuant to Section 11.1(b) of the Base Indenture; 

(X) the delivery of the Opinion of Counsel, Officer’s Certificate and any documentation required in connection with
the amendments, modifications or waivers of the Base Indenture or any Group II Series Supplement pursuant to Section 12.1 of the Base Indenture; 
 (Y) the delivery of the Officer’s Certificate and/or the Opinion of Counsel to the extent required in connection with the execution of a Supplement to the Base Indenture pursuant to Section 12.5
of the Base Indenture; and 
 (Z) the preparation and delivery of the Officer’s Certificate to the extent
required in connection with an action by the Trustee under the Indenture pursuant to Section 13.3 of the Base Indenture. 

(b) Administrator to Act as Custodian of Certificates of Title. (i) To assure uniform quality in the servicing of the
Collateral and the Group II Collateral and to reduce administrative costs, the Administrator hereby accepts the duty to act as the agent of the Trustee as custodian of the Certificates of Title (the “Group II Certificates of Title”)
with respect to the Group II CPF Trucks, including the obligations set forth in Section 18.3 of the Group II CPF Lease. The Trustee may revoke such agency at any time, and upon such revocation the Administrator shall promptly deliver all Group
II Certificates of Title to the Trustee. 

  
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 (ii) On or prior to the Series Closing Date for the Series 2010-1 Notes, the Administrator
shall deliver to the Trustee a copy of its written procedures and standards for handling and monitoring vehicle titles, including procedures upon the acquisition and disposition of vehicles. The Administrator shall comply with such procedures and
standards in performing its duties hereunder as custodian of the Group II Certificates of Title. The Administrator, in its capacity as custodian, shall hold the Group II Certificates of Title on behalf of the Trustee for the use and benefit of all
present and future Group II Secured Parties with an interest therein, and maintain such accurate and complete records (either original execution documents or copies of such originally executed documents shall be sufficient for such purposes), and
computer systems pertaining to each Group II Certificate of Title as shall enable the Trustee to comply with this Agreement and the other Group II Related Documents. The Administrator shall promptly report to the Trustee any material failure on its
part to hold the Group II Certificates of Title and maintain its records and computer systems as herein provided and promptly take appropriate action to remedy any such failure. The Administrator hereby consents to the inspection of the Group II
Certificates of Title from time to time by the Trustee or any authorized representative of the Trustee and to the provisions relating to the Administrator set forth in Section 7 of the Group II CPF Lease. Nothing herein shall be deemed to
require an initial review or any periodic review by the Trustee of the Group II Certificates of Title. The Trustee shall not be liable for the acts of the Administrator. 
 (iii) The Administrator shall notify the Trustee and each Enhancement Provider with respect to the Group II Series of Notes, if any, of the initial location of the Group II Certificates of Title and the
related records and computer systems maintained by the Administrator and shall notify the Trustee and each such Enhancement Provider prior to any change in location of the Group II Certificates of Title and such related records and computer systems.

 (iv) Upon instruction from the Trustee, the Administrator shall release any Group II Certificate of Title to the Trustee, at
such place or places as the Trustee may reasonably designate as soon as reasonably practicable; provided, however, that upon the occurrence of an Amortization Event, a Liquidation Event of Default with respect to the Group II Series of
Notes or a Limited Liquidation Event of Default with respect to any Group II Series of Notes and at the request of the Trustee, the Administrator shall promptly deliver all Group II Certificates of Title to the Trustee or its agent. In connection
with any such instruction of the Trustee, the Administrator may, in lieu of delivering any original Group II Certificates of Title, deliver copies thereof stored on microfiche, computer disk or on such other image storage or electronic media as the
Administrator shall maintain in accordance with its customary practices and which is in a format acceptable to the Trustee; provided, however, that the Administrator shall deliver to the Trustee the original Group II Certificates of
Title if the Trustee so instructs the Administrator. The Administrator shall not be responsible for any loss occasioned by the failure of the Trustee, its agent or its designee to return any Group II Certificate of Title or any delay in doing so.
All instructions from the Trustee shall be in writing and signed by a Trust Officer, and the Administrator shall be deemed to have received proper instructions with respect to the Group II Certificates of Title upon its receipt of such written
instruction. A certified copy of a by-law or of a resolution of the Board of Directors of the Trustee shall constitute conclusive evidence of the authority of any such Trust Officer to act and shall be considered in full force and effect until
receipt by the Administrator of written notice to the contrary given by the Trustee. 

  
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 (v) The Trustee hereby grants to the Administrator a power of attorney, with full power of
substitution to take any and all actions, solely for the following limited purposes, in the name of the Trustee, (x) to note the Trustee as the holder of a first Lien on the Group II Certificates of Title and/or otherwise ensure that the first
Lien shown on any and all Group II Certificates of Title is in the name of the Trustee and (y) to release the Lien in the name of the Trustee or the Group II Nominee Lienholder on any Group II Certificate of Title in connection with the sale or
disposition of the related Group II CPF Truck permitted pursuant to the provisions of the Group II Related Documents. Nothing in this Agreement shall be construed as authorization from the Trustee to the Administrator to release any Lien on the
Group II Certificates of Title except upon compliance with the Group II Related Documents. The Trustee shall have the right to terminate such power of attorney (including the related power granted pursuant to the following sentence) at any time by
giving written notice to such effect to the Administrator. To further evidence such power of attorney, the Trustee agrees that upon request of the Administrator from time to time it will execute a separate power of attorney substantially in the form
of Exhibit A hereto. 
 (c) Certain Duties with Respect to the Group II CPF Lease. The Administrator agrees to
perform its duties and certain duties on behalf of CPF under the Group II CPF Lease, including, but not limited to the following: 
 (A) upon the sale of a Group II CPF Truck, to request the Trustee to remove notation of its Lien (or, if applicable, to cause any Group II Nominee Lienholder to remove notation of its Lien) from the Group
II Certificate of Title therefor pursuant to Section 2.6(a) of the Group II CPF Lease; 
 (B) upon payment
by the Lessee to the Lessor of the Termination Value of any Group II CPF Truck that has become a Casualty or an Ineligible Truck, (i) to cause title to such Group II CPF Truck to be transferred to the Lessee to facilitate liquidation of such
Group II CPF Truck by the Lessee and (ii) to request the Trustee to remove notation of its Lien (or, if applicable, to cause any Group II Nominee Lienholder to remove notation of its Lien) from the Group II Certificate of Title for such Group
II CPF Truck pursuant to Section 6.2 of the Group II CPF Lease; 
 (C) to promptly and duly execute,
deliver, file and record all documents, statements, filings and registrations, and take such further actions as may be requested to establish, perfect and maintain the Lessor’s rights to and interest in, and to perfect and maintain the
Trustee’s first Lien in the name of the Trustee or the Group II Nominee Lienholder on, the Group II CPF Trucks and the Group II Certificates of Title therefor pursuant to Section 7 of the Group II CPF Lease; 

(D) to determine the Truck Special Damage Payments applicable to Group II CPF Trucks at the time of their sale, return or
other disposition in accordance with the Group II Related Documents pursuant to Section 13.2(a) of the Group II CPF Lease; 
 (E) to make requests for, and to provide a statement documenting any request for, reimbursement or prepayment for costs identified therein pursuant to Section 16.2 of the Group II CPF Lease;


  
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 (F) to notify the Lessee of any claim made against it for which the Lessee
or the Lessor may be liable and, upon request by the Lessee, to contest or allow the Lessee to contest such claim pursuant to Section 16.3 of the Group II CPF Lease; 

(G) upon a Lease Event of Default, Liquidation Event of Default with respect to the Group II Series of Notes or Limited
Liquidation Event of Default with respect to any Group II Series of Notes, to pursue and enforce the rights of CPF thereunder pursuant to Section 18.3 of the Group II CPF Lease; and 

(H) to indicate on its computer records that the Trustee is the holder of a Lien on each Group II CPF Truck leased under
the Group II CPF Lease. 
 3. Shared Duties; Additional Duties; Additional Information. To the extent that any of the
Administrator’s duties hereunder relate to any matter which also is within the scope of duties assigned to the administrator under the Applicable Administration Agreement with respect to any Series of Notes in any other Group, the Administrator
shall consult and coordinate with the administrator under such Applicable Administration Agreement in performing its duties hereunder. Subject to Section 9 of this Agreement, and in accordance with the directions of any party hereto, the
Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral, the Group II Collateral and the Group II Related Documents as are not covered by any of the foregoing provisions and as
are expressly requested by such party and are reasonably within the capability of the Administrator. The Administrator shall furnish to any party hereto from time to time such additional information regarding the Collateral and the Group II
Collateral as such party shall reasonably request. 
 4. Records. The Administrator shall maintain appropriate books of
account and records relating to services performed hereunder, which books of account and records shall be accessible for inspection by any party hereto at any time during normal business hours. 

5. Compensation. As compensation for the performance of the Administrator’s obligations under this Agreement and, as
reimbursement for its expenses related thereto, the Administrator shall be entitled to a fee payable monthly in the amount of one-twelfth of the product of 0.50% and the Net Book Value of all Group II CPF Trucks as of the first day of the applicable
Related Month (the “Monthly Administration Fee”); provided, however, that if an Amortization Event with respect to any Group II Series of Notes shall have occurred and be continuing, the Monthly Administration Fee will
equal the greater of (A) the amount of the Monthly Administration Fee calculated pursuant to the preceding clause, and (B) the product of (x) $20.00 and (y) the number of Group II CPF Trucks as of the first day of the applicable
Related Month. The Monthly Administration Fee shall be payable by CPF on each Distribution Date. In addition, the Administrator shall also be entitled to the reasonable costs and expenses of the Administrator incurred by it as a result of arranging
for the sale of any Group II CPF Truck returned by the Lessee to CPF and sold to third parties; provided, however, that such costs and expenses shall be payable to the Administrator by CPF only to the extent of any excess of the sale
price received by CPF for any such Group II CPF Truck over the Termination Value thereof. 
 6. Use of Subcontractors.
The Administrator may contract with other Persons to assist it in performing its duties under this Agreement, and any performance of such duties by a 

  
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Person identified to the Trustee in an Officer’s Certificate of the Administrator shall be deemed to be action taken by the Administrator. Any such contract shall not relieve the
Administrator of its liability and responsibility with respect to the duties to which such contract relates. 
 7.
Transactions with Affiliates. In carrying out the foregoing duties or any of its other obligations under this Agreement, the Administrator may enter into transactions or otherwise deal with any of its Affiliates; provided,
however, that the terms of any such transactions or dealings shall be in accordance with any directions received from CPF and the Trustee and shall be, in the Administrator’s opinion, no less favorable to the parties hereto than would be
available from unaffiliated parties. 
 8. Indemnification. The Administrator shall indemnify and hold harmless CPF, the
Trustee, the Noteholders of each Group II Series of Notes and their respective directors, officers, agents and employees (collectively, the “Indemnified Parties”) from and against any loss, liability, expense, damage or injury (a
“Loss”) suffered or sustained by reason of any acts, omissions or alleged acts or omissions arising out of the activities of the Administrator pursuant to this Agreement and the other Group II Related Documents, including but not
limited to any judgment, award, settlement, reasonable attorneys’ fees and other costs or expenses incurred in connection with the defense of any actual or threatened action, proceeding or claim; provided, however, that the
Administrator shall not indemnify any Indemnified Party if such acts, omissions or alleged acts or omissions constitute bad faith, negligence or willful misconduct by such Indemnified Party. The indemnity provided herein shall survive the
termination of this Agreement and the removal of the Administrator. In furtherance and not in limitation of the foregoing, the Administrator shall indemnify and hold harmless each of the Indemnified Parties from and against any Losses arising out of
or relating to: 
 (i) any failure by the Administrator to perform its duties, covenants and obligations in
accordance with the other provisions of this Agreement or any other Group II Related Document to which it is a party; 
 (ii) the failure by the Administrator to comply with any applicable law, rule or regulation with respect to its activities as Administrator hereunder; or 

(iii) any representation or warranty made by the Administrator under or in connection with any Group II Related Document
or any report, certificate, information or other material provided by the Administrator to the Trustee or the Noteholders of any Group II Series of Notes (including, without limitation, any Daily Report, Monthly Certificate or Monthly
Noteholders’ Statement) (collectively, the “Administrator Information”), which shall have been false, incorrect or misleading in any material respect when made or deemed made. 

9. Independence of the Administrator. Unless otherwise provided in the Group II Related Documents, the Administrator shall be an
independent contractor and shall not be subject to the supervision of CPF or the Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Other than pursuant to Section 2(b) hereof, unless
expressly authorized by the Trustee, the Administrator shall have no authority to 

  
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act for or represent the Trustee in any way and shall not otherwise be deemed an agent of the Trustee. 
 10. No Joint Venture. Nothing contained in this Agreement shall (i) constitute the Administrator and any of CPF and the Trustee (or any other Person) as members of any partnership, joint
venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any of them or (iii) be deemed to confer on any of them any express, implied or apparent authority to
incur any obligation or liability on behalf of the others. 
 11. Other Activities of Administrator. 

(a) Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from
acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the parties hereto. 

12. Term of Agreement; No Resignation; Removal.
 (a) This Agreement shall continue in force until the termination of the Indenture, the Group II CPF Lease, and the Group II Collection Account Control Agreement, in accordance with their respective terms
and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate. In the event that the Indenture terminates and all obligations owing thereunder have been paid in full, CPF shall have all
rights of the Trustee under this Agreement. 
 (b) The Administrator shall not resign from the obligations and duties imposed
hereunder. 
 (c) Subject to Sections 12(d) and 12(e) of this Agreement, the Trustee may, and at the written direction of the
Requisite Group Investors with respect to the Group II Series of Notes shall, remove the Administrator upon written notice of termination from the Trustee to the Administrator if any of the following events (each, an “Administrator
Default”) shall occur: 
 (i) the Administrator shall default in the performance of any of its duties
under this Agreement or any Group II Related Document and, after notice of such default, shall not cure such default within ten (10) days of the earlier of receiving notice of or learning of such default (or, if such default cannot be cured in
such time, shall not give within ten (10) days such assurance of cure as shall be reasonably satisfactory to CPF and the Trustee); 
 (ii) an Event of Bankruptcy occurs with respect to the Administrator; 
 (iii) any representation or warranty made by the Administrator under or in connection with any Group II Related Document or any Administrator Information shall have been false, incorrect or misleading in
any material respect when made or deemed made, and such representation or warranty shall continue to be incorrect ten (10) days after the earlier of the Administrator’s receiving notice or learning of such default; or 

  
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 (iv) the Administrator shall fail to comply with any applicable law, rule or
regulation, which failure would have a Material Adverse Effect. 
 The Administrator agrees that if any Administrator Default shall occur, it
shall give written notice thereof to each other party hereto promptly after the happening of such event, but in no event longer than seven (7) days thereafter. 
 (d) No removal of the Administrator pursuant to this Section 12 shall be effective until (i) a successor Administrator acceptable to the Trustee and each Enhancement Provider with respect to
each Group II Series of Notes, if any, shall have been appointed by CPF and the Trustee and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement in the same manner as the Administrator is
bound hereunder. CPF shall provide written notice of any such removal to the Trustee and each such Enhancement Provider. 
 (e)
The appointment of any successor Administrator shall be effective only upon the satisfaction of the Rating Agency Condition with respect to each Group II Series of Notes Outstanding. 

13. Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to
Section 12(a) or the removal of the Administrator pursuant to Section 12(c), the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination or removal. The Administrator
shall forthwith upon such termination pursuant to Section 12(a) deliver to CPF all property and documents of or relating to the Collateral and the Group II Collateral then in the custody of the Administrator. In the event of the removal of the
Administrator pursuant to Section 12(c), the Administrator shall cooperate with CPF and the Trustee and take all reasonable steps requested to assist CPF and the Trustee in making an orderly transfer of the duties of the Administrator,
including, without limitation, delivering to a successor Administrator all property and documents of or relating to the Collateral and the Group II Collateral then in the custody of the retiring Administrator. 

14. Notices. Any notice, report or other communication given hereunder shall be in writing and addressed as follows: 

 

	 	(a)	If to CPF, to: 

 Centre Point
Funding, LLC 
 6 Sylvan Way 
 Parsippany, NJ 07054 
 Attention:     Treasurer 

Telephone:   (973) 496-7312 
 Fax:                (973) 496-5852 
  

	 	(b)	If to the Administrator, to: 


Budget Truck Rental LLC 
 6 Sylvan Way 

  
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Parsippany, NJ 07054 
 Attention:     Treasurer

 Telephone:   (973) 496-5285 
 Fax:                (973) 496-5852 
  

	 	(c)	If to the Trustee, to: 

 The
Bank of New York Mellon Trust Company, N.A. 
 2 North LaSalle Street, Suite 1020 

Chicago, IL 60602 
 Attention:     Corporate Trust/Structured Finance 
 Telephone:
  (312) 827-8570 
 Fax:
               (312) 827-8562 
 or to such other address as any
party shall have provided to the other parties in writing. Any notice (i) given in person shall be deemed delivered on the date of delivery of such notice, (ii) given by first class mail shall be deemed given three (3) days after the
date that such notice is mailed, (iii) delivered by telex or telecopier shall be deemed given on the date of delivery of such notice, and (iv) delivered by overnight air courier shall be deemed delivered one Business Day after the date
that such notice is delivered to such overnight courier. Copies of all notices must be sent by first class mail promptly after transmission by facsimile. 
 15. Amendments. This Agreement may be amended by a written amendment duly executed and delivered by CPF, the Administrator and the Trustee with the written consent of the Requisite Group Investors
with respect to the Group II Series of Notes, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of Noteholders of the Group II Series
of Notes; provided, however, that no such amendment may (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on the Collateral or the Group II Collateral or
distributions that are required to be made for the benefit of the Noteholders of the Group II Series of Notes or (ii) reduce the aforesaid percentage of the Noteholders of the Group II Series of Notes that is required to consent to any such
amendment, without the consent of the Noteholders of all the Group II Series of Notes Outstanding. The Trustee shall have no obligation to execute any amendment hereto which affects its rights, duties and obligations. 

16. Successors and Assigns. This Agreement may not be assigned by the Administrator unless such assignment is previously consented
to in writing by CPF and the Trustee and the Rating Agency Condition is satisfied with respect to each Group II Series of Notes Outstanding. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee
hereunder in the same manner as the Administrator is bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned by the Administrator without the consent of CPF or the Trustee to a corporation or other organization that is a
successor (by merger, consolidation or purchase of assets) to the Administrator; provided that such successor organization executes and delivers to CPF or the Trustee an agreement in which such corporation or other organization agrees to be
bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder. Subject 

  
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to the foregoing, this Agreement shall bind any successors or assigns of the parties hereto. Each of the parties hereto acknowledges that CPF has pledged all of its rights under this Agreement to
the Trustee on behalf of the Group II Secured Parties pursuant to the Indenture. 
 17. GOVERNING LAW. THIS AGREEMENT
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

18. Headings. The Section headings hereof have been inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement. 
 19. Counterparts. This Agreement may be executed in
counterparts, each of which when so executed shall be an original, but all of which together shall constitute but one and the same agreement. 
 20. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

21. Not Applicable to Budget Truck Rental LLC in Other Capacities. Nothing in this Agreement shall affect any right or obligation
Budget Truck Rental LLC may have in any other capacity. 
 22. Nonpetition Covenant. The Administrator hereby covenants
and agrees that, prior to the date which is one year and one day after the payment in full of all of the Notes, it will not institute against, or join any other Person in instituting against CPF any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. The provisions of this Section 22 shall survive the termination of this Agreement. 

[Remainder of page intentionally left blank.] 

  
 12 









 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the day and year first above written. 
  

					
	CENTRE POINT FUNDING, LLC
		
	By:	 	 /s/ David B. Wyshner

		 	Name:	 	David B. Wyshner
		 	Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	BUDGET TRUCK RENTAL LLC
		
	By:	 	 /s/ David B. Wyshner

		 	Name:	 	David B. Wyshner
		 	Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., not in its individual capacity but solely as Trustee
		
	By:	 	 /s/ Sally R. Tokich

		 	Name:	 	Sally R. Tokich
		 	Title:	 	Senior Associate









 Exhibit A 
 POWER OF ATTORNEY 
 KNOW ALL MEN BY THESE PRESENTS, that THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A., as trustee, does hereby make, constitute and appoint Budget Truck Rental LLC (“BTR”), acting through any of its “District Managers”, “City Managers”, “Director - Field
Administration”, “Fleet Managers”, “Turn-back Managers”, “Fleet Administration Supervisors” or “Fleet Administrators” as its true and lawful attorney-in-fact for it and in its name, place and stead, for
the special and limited purpose of (1) recording liens in favor of The Bank of New York Mellon Trust Company, N.A., as trustee, on the certificate of title on any motor vehicle, (2) executing such other documents as are necessary in order
to record liens on such motor vehicles in favor of The Bank of New York Mellon Trust Company, N.A., as trustee, (3) receiving (by mail or in person) and retaining in trust for, and on behalf of, The Bank of New York Mellon Trust Company, N.A.,
as trustee, the certificate of title and other registration documentation relating to such motor vehicles, (4) designating c/o BTR and BTR’s address as the mailing address of The Bank of New York Mellon Trust Company, N.A., as trustee, for
all documentation relating to the title and registration of such motor vehicles, (5) applying for duplicate certificates of title indicating the lien of The Bank of New York Mellon Trust Company, N.A., as trustee, where original certificates of
title have been lost or destroyed and (6) upon the sale of any such motor vehicle in accordance with the terms and conditions of the Group II Related Documents (as defined in that certain Administration Agreement (Group II), dated as of
March 9, 2010, by and among Centre Point Funding, LLC, BTR, and The Bank of New York Mellon Trust Company, N.A.), releasing the lien of The Bank of New York Mellon Trust Company, N.A. on such motor vehicle by executing any documents required in
connection therewith. 
 The powers and authority granted hereunder shall, unless sooner terminated, revoked or extended, cease
five years from the date of execution as set forth below. 
 [Signature page follows.] 







 Exhibit A 
 IN WITNESS WHEREOF, THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, has caused this instrument to be executed on its behalf by its duly authorized officer this 9th day of March, 2010.

  

					
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	


 State of             ) 

County of             ) 
 Subscribed and sworn before me, a notary public, in and for said county and state, this 9th day of March, 2010. 

 

	
	
	  
	Notary Public