Document:

Summary of Changes to Compensation of Non-employee Directors

 Exhibit 10.1 
 Summary of Changes to Compensation of Non-employee Directors 
 The compensation arrangements for our non-employee directors
(“Outside Directors”) were described on Exhibit 10.13 to our Annual Report on Form 10-K for the year ended December 31, 2008. We have made certain changes to these arrangements, as described below. 
 The fee to an Outside Director for attending each quarterly meeting of the Board of Directors that the Outside Director attends in person was increased
to $18,000. An Outside Director may be paid such fee for attending a quarterly Board meeting via telephonic conference call if the Outside Director has good reason for the Outside Director’s failure to attend such meeting in person as
determined by the Chairman of the Board, but such payment is limited to one occurrence in any given fiscal year. The fee to an Outside Director who is a member of the Audit Committee for attending each quarterly meeting of such committee that
the Outside Director attends in person was increased to $7,200. In addition, the fee which is paid quarterly to each Outside Director who is a member of the Compensation Committee was increased to $3,600, provided that, in order to be eligible
to receive the fee with respect to a fiscal quarter, the Outside Director must have served on the Compensation Committee on the last day of such fiscal quarter. The foregoing changes were effective April 1, 2009. 
 All other elements of the compensation arrangements for our Outside Directors, as described on Exhibit 10.13 to our Annual Report on Form 10-K for the
year ended December 31, 2008, remain in effect.Amending Agreement No. 10 to the Fourth Amended and Restated Limited Partnership

 Exhibit 10.1 
 EXECUTION COPY 
 AMENDING AGREEMENT NO. 10 
 MEMORANDUM OF AGREEMENT made as of the 16th day of March, 2009, 
 B E T W E E N: 
  

			
		  	 AVISCAR INC.,
 a corporation incorporated under
the laws of Canada,
  
 (hereinafter referred to as “Avis General
Partner”),
  
 - and -
  
 BUDGETCAR INC.,
 a corporation existing under the laws of Canada,
  
 (hereinafter referred to as “Budget General Partner”),
  
 - and -
  
 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 the “STARS Limited Partner”),
  
 - and -
  
 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, February 12, 2008, March 5, 2008, April 30, 2008, June 16, 2008 and December 22, 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; 

 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 Agreement 

  

	2.1	Section 1.1 of the Limited Partnership Agreement is hereby amended by adding the following definition in the applicable alphabetical order: 

 ““Moody’s Required Letter of Credit Amount” means, at any time, an amount equal to 4.5% of the aggregate of the Limited
Partner’s Funded Amounts for all Limited Partners at such time;”. 
  

	2.2	Section 1.1 of the Limited Partnership Agreement is hereby amended by deleting the definitions of “Moody’s Aggregate Partnership Non-program Vehicle
Amount”, and “Moody’s Aggregate Partnership Program Vehicle Amount” and replacing them with the following definitions, respectively: 

 ““Moody’s Aggregate Partnership Non-program Vehicle Amount” means, on any date, (x) subject to (y) below, 65.79% 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; and (y) in respect of any Partnership Non-program Vehicles which have
become Partnership Non-program Vehicles (after previously being Partnership Program Vehicles) as a result of the related Manufacturer becoming a Non-Performing Manufacturer, 57.8% of the sum of the Current Book Values of such 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;”; and 
 ““Moody’s Aggregate Partnership Program Vehicle Amount” means, on any date, 57.8% of the sum of the Current Book Values of the Partnership Program Vehicles and the Program Negotiation Vehicles manufactured by each
Eligible Manufacturer (other than, in either case, any Program Negotiation Vehicles or 

  

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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;”. 
  

	2.3	Section 3.3(e) of the Limited Partnership Agreement is hereby amended by adding the following sentence at the end of such section: 

 “In addition, and notwithstanding anything else contained herein, each General Partner covenants and agrees to, at all times, ensure that the Letter
of Credit Amount shall be equal to or greater than the Moody’s Required Letter of Credit Amount”. 
  

	2.4	Section 3.10(e) of the Limited Partnership Agreement is hereby amended by adding the following sentence at the end of such section: 

 “Any other amount deposited into the Cash Collateral Account by a General Partner will be recognized as an additional capital contribution by such
General Partner.”. 
  

	2.5	Section 8.1(p) of the Limited Partnership Agreement is hereby amended by deleting such section in its entirety and substituting therefor the following:

 “(p) at any time (i) the Letter of Credit Amount is less than the Moody’s Required Letter of Credit Amount or
(ii) unless (A) 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 (B) 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, (I) no Letter of Credit 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); and (II) the Cash Collateral Account shall not have been funded in an amount equal to the undrawn face amount of the Letter(s) of Credit to which (X) or (Y) above apply.”. 
  

	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. 
  

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	4	Miscellaneous 

  

	 	(a)	The parties acknowledge that the Partnership has established CAD Account 0002#1594-514 - WTH Funding Limited Partnership - Cash Collateral Account at Bank of Montreal as the Cash
Collateral Account for purposes of the Limited Partnership Agreement. 

  

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

  

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

  

	 	(d)	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. 

  

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

  

	 	(f)	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/ Tim Smith
	Name:	 	Tim Smith
	Title:	 	Assistant Treasurer
		
	By:	 	 
	Name:	 	
	Title:	 	

  

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	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/ Terry J. Ritchie
	Name:	 	Terry Ritchie
	Title:	 	Managing Director
		
	By:	 	/s/ Christopher Romano
	Name:	 	Christopher Romano
	Title:	 	Managing Director

  

			
	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 16th day of March, 2009. 
  

			
	AVIS BUDGET CAR RENTAL, LLC
		
	By:	 	/s/ David Calabria
	Name:	 	David Calabria
	Title:	 	Assistant Treasurer

  

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