Document:

BAH-2015.03.31-EX10.14

Exhibit 10.14
	
		
	EXHIBIT 102
	 

	PARTICIPATING EMPLOYER DATA
	 

	Participating Employer:
	Booz Allen Hamilton Holding Corporation

	 
	8283 Greensboro Drive

	 
	McLean, VA 22102

	Plan Effective Date:
	October 1, 2014

	Plan Anniversary Date:
	January 1, 2015 and each subsequent

	 
	January 1st

Rate Guarantee: Except as stated in the Group Policy, MetLife will not increase Plan Premium rates for the first thirty-seven months (October 1, 2014 through December 31, 2017).

Premium Due Date: Cumulative monthly Premium is due no later than the fifteenth of the month for the previous month's coverage. The first monthly premium will be payable on February 15, 2015. Subsequent premiums will be payable on the fifteenth day of each succeeding month, Failure to remit monthly premiums by the due date will reduce employees' cash value. Any unpaid cost of insurance premium due at termination of the GVUL or GUL contract may be collected from employees' GVUL or GUL certificate cash value.
	
		
	 
	Eligible Class or Classes of Employees

	Eligibility
Requirements:
	To be eligible for GVUL coverage, employees must meet the Actively at Work Requirements on the effective date of the coverage , and be a United States citizen or Permanent Resident Alien with a taxpayer identification number (social security number) working in United States locations.

	 
	To be eligible for GUL coverage, employees must meet the Actively at Work Requirements on the effective date of coverage in any other location and be approved by MetLife for such coverage.

	 
	There is one class of eligible employees. Class 1 consists of the CEO, Executive Vice Presidents and Senior Vice Presidents.

	Actively at Work
Requirements:
	Actively at Work Requirements: An employee must be in full-time Employment with the Participating Employer on the effective date of coverage, performing all the usual and customary duties of his or her job. They must be working at the Participating Employer's place of business; an alternate place approved by the Employer; or a place to which the Participating Employer's business requires travel.

	Initial Eligibles
Defined:
	Members of Class 1 who are eligible as of the Plan Effective Date.

	New Eligibles
Defined:
	Individuals who meet the Eligibility Requirements and become members of Class 1 subsequent to the Plan Effective Date.

	New Hires
Defined:
	Newly hired individuals who meet the Eligibility Requirements and become members of Class 1.

GPNP99 TRUST        PLAN EFFECTIVE DATE: OCTOBER 1, 2014            Page 1 of 4

EXHIBIT 102
PARTICIPATING EMPLOYER DATA (continued)
	
		
	 
	Individual Effective Date

	Effective Dates of Guaranteed Issue and Simplified Issue Coverage
	For Initial Eligibles, Guaranteed Issue MetLife GVUUGUL Basic coverage will be effective as of the Plan Effective Date. At the Participating Employer's request, Initial Eligibles who fail to actively enroll for the MetLife GVUL Basic coverage will be passively enrolled for such coverage.

	 
	For New Eligibles, Guaranteed Issue MetLife GVUUGUL Basic coverage will be effective as of the first of the month of date of eligibility. At the Participating Employer's request, New Eligibles who fail to actively enroll for the MetLife GVUL Basic coverage will be passively enrolled for such coverage.

	 
	For New Hires, Guaranteed Issue Guaranteed Issue MetLife GVUL/GUL Basic coverage will be effective as of the first of the month of date of hire. At the Participating Employer's request, New Hires who fail to actively enroll for the MetLife GVUL Basic coverage will be passively enrolled for such coverage.

	 
	Employee Insurance Benefits

	Basic Coverage Definition:
	The amount of life insurance coverage the Participating Employer has agreed to provide to eligible class members by paying them additional compensation to cover the cost.

	Supplemental Coverage Definition:
	Coverage in excess of the Basic Coverage Amount.

	Basic Coverage Amount:
	$2,000.000

	Supplemental Coverage Amount:
	N/A

	Minimum Coverage Amount:
	$100,000

	Maximum Coverage Amount:
	$3,000,000

	Guaranteed Issue Coverage Amounts:
	For Initial Eligibles: The MetLife GVUUGUL Basic coverage amount.

	 
	For New Eligibles: The MetLife GVUUGUL Basic coverage amount.

	 
	For New Hires:  The MetLife GVULIGUL Basic coverage amount.

GPNP99 TRUST        PLAN EFFECTIVE DATE: OCTOBER 1, 2014            Page 2 of 4

	
	
	EXHIBIT 102

	PARTICIPATING EMPLOYER DATA (continued)

	
		
	Guaranteed Issue Definition:
	Coverage issued without Medical Evidence of Insurability (MEOI), subject to the requirements set forth below:

	Guaranteed Issue Requirements:
	•    MetLife must receive the enrollment form within 60 days of initial eligibility for any coverage which is not eligible for Passive Enrollment.
•    Participation requirements included in the MetUfe GVUL Proposal Summary must be met.
•    Underwriting approval is required for all participants over the age of 70 unless replacing existing coverage.
Guaranteed Issue Basic coverage will not be withheld pending approval of any coverage applied for in excess of Guaranteed Issue amounts,

	Simplified Issue Definition:
	Coverage in excess of Guaranteed Issue coverage.

	Simplified Issue Requirements:
	Simplified Issue requires underwriting approval. No person shall be insured for Simplified Issue coverage until such person has provided the required Medical Evidence of Insurability (MEOI) and coverage has been approved in Writing by MetLife. MEOI requirements apply to any coverage in excess of the Guaranteed Issue Coverage Amounts described above. Minimum MEOI requirements include completion of an authorization form and a medical questionnaire. In some instances, MetLife may also require the completion of an additional medical questionnaire, ParaMed exam, and/or any other information as may necessary to evaluate insurability. Required tests and ParaMed exams will be scheduled at the convenience of the applicant. Parameds conducted in the United States will be paid for by MetLife.

	Application Period:
	An employee who is eligible for Guaranteed Issue coverage other than Basic coverage must submit an enrollment form to MetLife no later than 60 days after the date of initial eligibility.  If the employee fails to submit an application for such coverage within the specified Application Period, but subsequently applies for coverage, it will be deemed a Late Enrollment subject to Simplified Issue rules.

	Late Enrollment:
	If an eligible employee actively declines life insurance when initially eligible, but later requests coverage, MEOI and underwriter approval will be required for all coverage amounts. Minimum MEOI requirements include completion of an authorization form and a medical questionnaire. In some instances, MetLife may also require the completion of an additional medical questionnaire, ParaMed exam and/or any other information necessary to evaluate insurability. Required tests and ParaMed exams will be scheduled at the convenience of the applicant. Parameds conducted in the United States will be paid for by MetLife.

	 
	Late Enrollment coverage will be effective as of the first of the month following underwriter approval, subject to the monthly underwriting cut-off dates. Enrollment forms approved by underwriting after this date will be effective as of the first of the next following month to avoid retroactive payroll deductions.

GPNP99 TRUST        PLAN EFFECTIVE DATE: OCTOBER 1, 2014            Page 3 of 4

	
	
	EXHIBIT 102

	PARTICIPATING EMPLOYER DATA (continued)

	
		
	Employee Insurance Benefits (For Spouse/Domestic Partner, Dependent Children)

	N/A

	Additional Benefits

	Accelerated Benefits Rider:
	This rider is part of the certificate for all eligible employees.   

	 
	 

	Will Preparation Service Rider:
	This rider is part of the certificate for all eligible employees who elect GVUUGUL insurance.

	 
	 

	Estate Resolution Services Rider:
	This rider is part of the certificate for all eligible employees (services provided for both employee and spouse) who elect GVUUGUL insurance.

	Name/Address of Subsidiary, Affiliate, Division, Branch and Other Similar Entity
	Effective Date Under the Plan

	N/A
	 

	Certificate Number
	1

	Certificate Form
	G.24300(2003) As amended by GCR08-1 – Employee GVUL Certificate

	Applies To
	All employees of Booz Allen Hamilton Holding Corporation

	Effective Date
	October 1, 2014

	 
	 

	Certificate Number
	2

	Certificate Form
	G.9704(2009) – Employee GUL certificate

	Applies To
	All employees of Booz Allen Hamilton Holding Corporation

	Effective Date
	October 1, 2014

	 
	 

	Certificate Number
	3

	Certificate Form
	G.24300-6 – Accelerated Death benefit rider

	Applies To
	All employees of Booz Allen Hamilton Holding Corporation

	Effective Date
	October 1, 2014

	 
	 

	Certificate Number
	4

	Certificate Form
	CR05-1 I/wil Will Prep Certificate Rider

	Applies To
	All employees of Booz Allen Hamilton Holding Corporation

	Effective Date
	October 1, 2014

	 
	 

	Certificate Number
	5

	Certificate Form
	GCR07-28 ERS Certificate Rider

	Applies To
	All employees of Booz Allen Hamilton Holding Corporation

	Effective Date
	October 1, 2014

GPNP99 TRUST        PLAN EFFECTIVE DATE: OCTOBER 1, 2014            Page 4 of 4cacc_8k20150519lsa

EXECUTION COPY

AMENDMENT NO. 3 TO FIFTH AMENDED AND RESTATED  
LOAN AND SECURITY AGREEMENT
AMENDMENT NO. 3 TO FIFTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of May 19, 2015 (this “Amendment”), is entered into in connection with that certain FIFTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of December 27, 2012 (as amended, supplemented, restated or replaced from time to time, the “Agreement”), by and among CAC WAREHOUSE FUNDING CORPORATION II, a Nevada corporation, (the “Borrower”), CREDIT ACCEPTANCE CORPORATION, a Michigan corporation, (“Credit Acceptance”) as the originator, the servicer or the custodian, WELLS FARGO BANK, NATIONAL ASSOCIATION, as an investor for the VFCC Purchaser Group (an “Investor”) and the other Investors from time to time party thereto, VARIABLE FUNDING CAPITAL COMPANY, LLC, a Delaware limited liability company (“VFCC”), a CP conduit or a lender, and the other CP conduits from time to time party thereto, WELLS FARGO SECURITIES, LLC, a Delaware limited liability company (“WFS”), as deal agent (the “Deal Agent”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association with its headquarters in San Francisco, California (“Wells Fargo”), as the liquidity agent for the VFCC Purchaser Group (a “Liquidity Agent”) and the other Liquidity Agents from time to time party thereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION,  as the backup servicer (in such capacity, the “Backup Servicer”) and collateral agent (in such capacity, the “Collateral Agent”).
PRELIMINARY STATEMENTS
WHEREAS, each of the signatories hereto is party to the Agreement; and
WHEREAS, the parties hereto desire to amend the Agreement in certain respects as provided herein;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and in the Agreement, and other good and valuable consideration, the receipt and adequacy of which is hereby expressly acknowledged, and intending to be legally bound hereby, the signatories hereto agree as follows:
AGREEMENT
SECTION 1.Definitions.  Capitalized terms used and not defined in this Amendment shall have the meanings given to such terms in the Agreement.
SECTION 2.Amendments.
2.1    The Agreement is hereby amended by deleting each reference to “$325,000,000” contained therein and replacing such reference with “$400,000,000.”
2.2    Section 4.1(x) of the Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

21042241.4.BUSINESS 

“The Borrower is not, and will not, as a result of the execution and delivery of this Agreement and the consummation of the transactions contemplated herein, be required to be registered as an “investment company” as defined in the Investment Company Act of 1940, as amended (the “Investment Company Act”).  In determining that the Borrower is not an “investment company,” the Borrower is entitled to rely on the exclusion from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act, although there may be additional exclusions or exemptions available to the Borrower. The Borrower is not a “covered fund” for purposes of the regulations adopted to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the “Volcker Rule.””
SECTION 3.Conditions to Effectiveness.   This Amendment shall become effective on and as of the date hereof, upon the receipt by the Deal Agent of an executed counterpart of this Amendment from each party hereto.
SECTION 4.Severability of Provisions.  Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.
SECTION 5.Captions.  The captions in this Amendment are for convenience of reference only and shall not define or limit any of the terms or provisions hereof.
SECTION 6.Agreement to Remain in Full Force and Effect.  Except as amended hereby, the Agreement shall remain in full force and effect and is hereby ratified, adopted and confirmed in all respects.  All references in the Agreement to “herein,” or words of like import, and all references to the Agreement in any agreement or document shall hereafter be deemed to refer to the Agreement as amended hereby.
SECTION 7.GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
SECTION 8.Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Amendment.
SECTION 9.Representations and Warranties.  The Borrower hereby certifies that (i) the representations and warranties made by it in Section 4.1 of the Agreement are true and correct as of the date hereof, as though made on and as of the date hereof and (ii) as of the date hereof, there is no Termination Event or Servicer Termination Event or event which, with the passage of time and the giving of notice, could result in a Termination Event or a Servicer Termination Event.
SECTION 10.Waiver of Notice.  Each of the parties hereto hereby waives any notice in connection with the execution and delivery of this Amendment.

21042241.4. BUSINESS223

[Signatures begin on the following page]

21042241.4. BUSINESS333

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date and year first above written.
CAC WAREHOUSE FUNDING  
CORPORATION II, as Borrower
By: /s/ Douglas W. Busk
Name: Douglas W. Busk
Title: Senior Vice President and Treasurer

CREDIT ACCEPTANCE CORPORATION,
as the Servicer and Custodian

By: /s/ Douglas W. Busk
Name: Douglas W. Busk
Title: Senior Vice President and Treasurer

WELLS FARGO SECURITIES, LLC,  
as Deal Agent

By: /s/ Chad Kobos
Name: Chad Kobos
Title: Director

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Investor
By: /s/ Leah W. Miller
Name: Leah W. Miller
Title: Managing Director

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Backup Servicer and Collateral Agent

By: /s/ Julie Tanner Fischer
Name: Julie Tanner Fischer
Title: Vice President

S-1
Amendment No. 3 to Fifth Amended and Restated  
Loan and Security Agreement
21042241.4.BUSINESS

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