Document:

Second Amendment to the Fourth Amended and Restated Partnership Agreement

     

    Exhibit
      10.2

    AMENDING
      AGREEMENT NO. 2

     

     

    

     

     

    THIS
      AGREEMENT made as of the 7th
      day of
      July, 2006,

     

     

    B
      E T W E
      E N:

     

    AVISCAR
      INC.,

    a
      corporation incorporated under the laws of Canada,

     

    (hereinafter
      called the "Avis
      General Partner"),

     

    -
      and
      -

     

    BUDGETCAR
      INC.,

    a
      corporation existing under the laws of Canada, 

     

    (hereinafter
      called the "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
      called 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 an amending agreement between the parties dated
      October 11, 2005 (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:

            

    

     

    (a)  deleting
      each of the following defined terms in their entirety and substituting therefor
      the following:

     

    
      	(i)  	
              “"Eligible
                Manufacturer"
                means any of Chrysler, Ford or General Motors or any additional
                Manufacturer approved in writing from time to time by each Securitization
                Agent and the Rating Agency;”;

            

    

     

    
      	(ii)  	
              “"Eligible
                Manufacturer Percentage"
                means, in respect of an Eligible Manufacturer at any time, (x) if
                such
                Eligible Manufacturer's unsecured long-term debt rating by the Rating
                Agency at such time is (i) BBB or higher, 90.25%, (ii) BBB (low),
                88.9375%, (iii) BB (high), 87.625%, (iv) BB, 86.3125%, and (v) BB
                (low) or
                lower, (A) with respect to the portion of the aggregate Current Book
                Values of the Partnership Program Vehicles manufactured by such Eligible
                Manufacturer that represents up to and including 33% of the aggregate
                Current Book Values of all Partnership Program Vehicles, 85.0%, and
                (B)
                with respect to the portion of the Current Book Values of the Partnership
                Program Vehicles of such Eligible Manufacturer representing greater
                than
                33% of the aggregate Current Book Values of all Partnership Program
                Vehicles, 82.50%, or (y) if a Manufacturer Event of Bankruptcy has
                occurred in respect of such Eligible Manufacturer and is continuing,
                76.50%;”;

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(iii)  	
              “"Funding
                Termination Event”
                means, in respect of a Limited Partner, the occurrence of (a) the
                Normal
                Course Termination Date for such Limited Partner, (b) a Liquidity
                Event in
                respect of such Limited Partner, (c) the breach of the covenant contained
                in subsection 5.2(i), which breach continues for five Business Days
                after
                a Settlement Date; provided, however, that if such breach is caused
                by a
                Manufacturer becoming a Non-Performing Manufacturer, then such breach
                will
                not constitute a Funding Termination Event in respect of such Limited
                Partner if within 30 days of its occurrence, (i) the General Partners
                have
                caused the portfolio of Partnership Vehicles then owned by the Partnership
                to comply with Section 5.2(i), or (ii) the General Partners at their
                own
                expense have obtained for the benefit of the Partnership credit
                enhancement satisfactory in form, source and amount to the Securitization
                Agent for such Limited Partner; or (d) a material adverse change
                since the
                date hereof in the financial condition or operations of a General
                Partner
                or the Partnership which, in the opinion of the Securitization Agent
                for
                such Limited Partner, after consultation with the Rating Agency and
                which
                opinion has been communicated in writing to the General Partners
                and the
                Limited Partners, could reasonably be expected to result in a General
                Partner being unable to satisfy its obligations hereunder, becoming
                a
                bankrupt, or seeking the protection of Insolvency Legislation;
                ”;

            

    

     

    
      	(iv)  	
              “"Partnership
                Non-program Vehicle Percentage"
                means in respect of Partnership Non-program Vehicles manufactured
                by a
                particular Manufacturer, (i) 76.50%, to the extent a Manufacturer
                Event of
                Bankruptcy has occurred and is continuing in respect of such Manufacturer;
                and (ii) if no such event has occurred, or such event has occurred
                but is
                no longer continuing, 82.50%;”; and

            

    

     

    
      	(v)  	
              “"Temporary
                GP Contributions"
                means amounts contributed to the Partnership by a General Partner
                on a
                temporary basis from time to time pending Capital Calls to fund the
                purchase of Partnership Vehicles up to but not in excess of the Original
                Book Value of such Vehicles and not contributed to allow the aggregate
                balance of the Limited Partners' Capital Accounts to be less than
                or equal
                to the Maximum Limited Partners' Funded
                Amount;”;

            

    

     

    (b)  deleting
      the word "Canadian" where such word is found in the defined terms "Chrysler",
      "Ford" and "General Motors";

     

    (c)  deleting
      the dollar amount "$350,000,000" where such dollar amount is found in the
      defined term "Available Call Amount" and substituting therefor the dollar amount
      "$400,000,000";

     

    (d)  adding
      the words "on automobiles, minivans and sport utility vehicles and 1.8% on
      trucks and vans, in each case" immediately following the words "2% per month"
      where such words are found in the fifth line of the defined term
      "Depreciation";

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e)  adding
      the words "and for which the related Manufacturer is not a Non-Performing
      Manufacturer" immediately following the words "Repurchase Agreement" where
      such
      words are found in the second line of the defined term "Partnership Program
      Vehicles";

     

    (f)  deleting
      the word "and" where such word appears in the fourth line of the defined term
      "Rental Revenues" and substituting therefor "," and adding the words ", and
      all
      Airport Concession Fees and Vehicle Licence Fees" after the words "Vehicle
      Rental Agreements" where such words are found in the fifth line of the defined
      term "Rental Revenues"; and

     

    (g)  adding
      each of the following defined terms in the appropriate alphabetical
      order:

     

    “"Aggregate
      Partnership Non-program Vehicle Amount"
      means,
      on any date, the sum of the products of the individual Partnership Non-program
      Vehicle Percentages on such date and the sum of the Current Book Values of
      the
      Partnership Non-program Vehicles manufactured by each such Manufacturer on
      such
      date (other
      than a Partnership Non-program Vehicle in respect of which a Partnership Vehicle
      Receivable is outstanding);”;

     

    “"Aggregate
      Partnership Program Vehicle Amount"
      means,
      on any date, the sum of the products of the individual Eligible Manufacturer
      Percentages on such date and the sum of the Current Book Values of the
      Partnership Program Vehicles and the Program Negotiation Vehicles manufactured
      by each such Eligible Manufacturer on such date (other
      than any Program Negotiation Vehicles or Partnership Program Vehicles in respect
      of which a Partnership Vehicle Receivable is outstanding);”;

     

    “"Aggregate
      Receivables Amount"
      means,
      on any date, the sum of the products of the individual Partnership Vehicle
      Receivable Percentages on such date and the aggregate amount of Partnership
      Vehicle Receivables owing by the relevant Manufacturer, Approved Dealer, auction
      house or other Person on such date;”;

     

    “"Airport
      Concession Fees"
      means
      all monetary receipts (other than sales, value added and other similar Taxes
      collected on behalf of a governmental authority) received from customers as
      a
      result of the pass through to customers of airport concession fees imposed
      on
      the Partnership by certain airports in respect of revenues of the Partnership
      being generated at such airports;”;

     

    “"Avis
      Shareholders Equity"
      means,
      with respect to the Avis General Partner, an amount, calculated in accordance
      with Canadian GAAP, equal to the sum of its (i) share capital, (ii) contributed
      and other surplus, (iii) Intercompany Loans to the Avis General Partner, other
      than from either the Budget General Partner or WTH Canada Inc., and (iv)
      retained earnings, minus the sum of (v) goodwill, and (vi) other intangible
      assets;”;

     

    “"Budget
      Shareholders Equity"
      means,
      with respect to the Budget General Partner, an amount, calculated in accordance
      with Canadian GAAP, equal to the sum of its (i) share capital, (ii) contributed
      and other surplus, (iii) Intercompany Loans to the Budget General Partner,
      other
      than from either the Avis General 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Partner
      or WTH Canada Inc., and (iv) retained earnings; minus (v) other intangible
      assets (other than goodwill);”;

     

    “"CCRG"
      means
      CCRG Canada ULC, a Nova Scotia unlimited liability company;”;

     

    “"CCRG
      Shareholders Equity"
      means,
      with respect to CCRG, an amount, calculated in accordance with Canadian GAAP,
      equal to the sum of its (i) share capital, (ii) contributed and other surplus,
      (iii) retained earnings, and (iv) Intercompany Loans owed to any non-Canadian
      Affiliate of CCRG, minus the sum of (v) goodwill, (vi) other intangible assets,
      and (vii) any loans or investments made by CCRG to or in any of its
      Affiliates;”;

     

    “"Intercompany
      Loans"
      means
      all loans from any Affiliate of either General Partner to any of the Avis
      General Partner, the Budget General Partner or CCRG, which loans are on terms
      acceptable to each Securitization Agent, acting reasonably, and the Rating
      Agency, or the Rating Agency and each Securitization Agent have otherwise
      approved such loan as an "Intercompany Loan" for the purposes
      hereof;”;

     

    “"Manufacturer
      Event of Bankruptcy",
      in
      relation to a Manufacturer, an Approved Dealer, auction house or other Person,
      means:

     

    
      	 	
              (a)

            	
              the
                failure by such Person or any Affiliate thereof to generally pay
                its debts
                as they become due, the admission in writing by such Person or any
                Affiliate thereof of its inability to pay its debts generally or
                the
                making by such Person or any Affiliate thereof of an assignment for
                the
                benefit of its creditors; 

            

    

     

    
      	 	
              (b)

            	
              the
                filing by such Person or any Affiliate thereof of a notice of intention
                to
                make a proposal under the Bankruptcy
                and Insolvency Act (Canada),
                the Companies'
                Creditors Arrangement Act
                (Canada), Chapters 7 or 11 of the U.S. Bankruptcy Code or
                any other similar legislation in the applicable jurisdiction, to
                some or
                all of its creditors; or

            

    

     

    
      	 	
              (c)

            	
              the
                commencement or filing of a petition, notice or application by or
                against
                such Person or any Affiliate thereof of any proceedings to adjudicate
                it a
                bankrupt or insolvent or seeking liquidation, winding-up, reorganization,
                arrangement, adjustment, protection, relief or composition of it
                or its
                debts under any law of any jurisdiction, whether now or after the
                date of
                this Agreement in effect, relating to the dissolution, liquidation
                or
                winding-up, bankruptcy, insolvency, reorganization of insolvent debtors,
                arrangement of insolvent debtors, readjustment of debt or moratorium
                of
                debts, or to obtain an order for relief by the appointment of a receiver,
                receiver manager, administrator, inspector, liquidator or trustee
                or other
                similar official for it or for any substantial part of its property
                and,
                if any such proceeding has been instituted against such Person or
                any
                

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Affiliate
      thereof, either (i) such proceeding has not
      been stayed or dismissed within 60 days or any of the actions sought in such
      proceeding has not been stayed or dismissed within 60 days or any of the actions
      sought in such proceeding (including the entry of an order for relief or the
      appointment of a receiver, trustee, custodian or other similar official) are
      granted in whole or in part, or (ii) such Person or any Affiliate thereof has
      authorized, consented to, approved of or acquiesced in, or such Person or any
      Affiliate thereof has performed any act, or omitted to perform any act, that
      authorizes or indicates its consent to, approval of or acquiescence in, any
      such
      proceeding;”;

     

    “"Maximum
      Limited Partners’ Funded Amount"
      has the
      meaning ascribed thereto in Section 3.3(e);”;

     

    “"Non-Performing
      Manufacturer"
      means a
      Manufacturer (i) that has, or has an Affiliate that has, filed a notice of
      intention to make a proposal under the Bankruptcy
      and Insolvency Act
      (Canada)
      or Chapter 7 of the U.S. Bankruptcy Code or (ii)(A) in respect of which a
      Manufacturer Event of Bankruptcy has occurred (other than as referred to in
      (i)
      above) and (B) which is not performing its obligations in full under its
      Repurchase Agreement as a result of such occurrence;”;

     

    “"Non-restricted
      Cash"
      means
      all amounts in the Vehicle Account, excluding Vehicle Account Prepaid Amounts,
      as described in Section 4.7(b)(vii)(E);”;

     

    “"Partnership
      Vehicle Receivable"
      means,
      at any time in respect of any Partnership Vehicle (i) that has been returned
      to
      the relevant Manufacturer for purchase whether pursuant to the terms of the
      related Repurchase Agreement or otherwise, or (ii) that has been sold by
      the Partnership to an Approved Dealer, an auction house or any other Person,
      but
      for which such Manufacturer, Approved Dealer, auction house or other Person
      has
      not yet paid the required purchase price to the Partnership in full, the amount
      of such outstanding receivable that is owed by such Manufacturer, Approved
      Dealer, auction house or other Person to the Partnership;”;

     

    “"Partnership
      Vehicle Receivable Percentage"
      means,
      if the related Manufacturer, Approved Dealer, auction house or other Person
      who
      is the debtor of the related Partnership Vehicle Receivable has a long-term
      unsecured debt rating by the Rating Agency at such time of (i) BBB or higher,
      90.25%, (ii) BBB (low), 88.9375%, (iii) BB (high), 15.0%, (iv) BB, 13.6875%,
      (v)
      BB (low) or lower, 12.375%, and if a Manufacturer Event of Bankruptcy has
      occurred in respect of such Manufacturer, Approved Dealer, auction house or
      other Person and is continuing, 0%;”; and

     

    “"Vehicle
      Licence Fees"
      means
      all monetary receipts (other than sales, value added and other similar Taxes
      collected on behalf of a governmental authority) from customers resulting from
      the pass through to customers of vehicle licensing 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    costs
      imposed on the Partnership, including vehicle licensing fees and titling and
      registration fees;”; and

     

    (h)  deleting
      the defined terms "General Partner's Capital Commitment", "Partnership
      Percentage Differential", "Partnership Program Vehicle Base Percentage" and
      "Partnership Program Vehicle Percentage", each in their entirety.

     

    
      	2.2  	
              Section
                2.8 of the Limited Partnership Agreement is hereby amended by adding
                the
                following as a new subsection (h):

            

    

     

    
      	 	
              "(h)

            	
              Neither
                General Partner will repay any indebtedness under any Intercompany
                Loan if
                to do so would cause an occurrence of a Trigger Event pursuant to
                Section
                8.1(n).".

            

    

     

    
      	2.3  	
              Section
                3.3(b) of the Limited Partnership Agreement is hereby amended by
                deleting
                the dollar amount "$350,000,000" where such dollar amount is found
                in
                Section 3.3(b) and substituting therefor the dollar amount
                "$400,000,000".

            

    

     

    
      	2.4  	
              Section
                3.3(c) of the Limited Partnership Agreement is hereby amended by
                deleting
                the first sentence of section 3.3(c) in its entirety and substituting
                therefor the following:

            

    

     

    "With
      respect to any Capital Call made pursuant to section 3.3(a), either General
      Partner shall make, simultaneously with the payment from the Limited Partners,
      a
      capital contribution by way of immediately available funds deposited to the
      Vehicle Account, in such amount that, after giving effect to all such capital
      contributions and the use of proceeds thereof, the aggregate of the Limited
      Partners' Capital Accounts for the Limited Partners (calculated on the
      assumption that all Net Income of the Partnership up to the particular time
      has
      been allocated to the Partners at such time), excluding any capital contributed
      by the Limited Partners pursuant to Section 4.8, shall not exceed the Maximum
      Limited Partners' Funded Amount.".

     

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

            

    

     

    "(e) Each
      General Partner covenants and agrees to contribute at all times up to and
      including the day of occurrence of a Trigger Event, but not after such day,
      sufficient capital to the Partnership from time to time by way of additional
      capital contribution so that the aggregate of the Limited Partners' Capital
      Accounts for the Limited Partners (calculated on the assumption that all Net
      Income of the Partnership up to the particular time has been allocated to the
      Partners at such time), excluding any capital contributed by the Limited
      Partners pursuant to Section 4.8, shall not exceed the sum of the Aggregate
      Partnership Program Vehicle Amount, the Aggregate Partnership Non-program
      Vehicle Amount, the Aggregate Receivables Amount, any Non-restricted Cash,
      and
      the balance in the Principal Funding Account, such sum being referred
      to in this Agreement as the "Maximum
      Limited Partners' Funded Amount".".

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	2.6  	
              Section
                3.3(f) of the Limited Partnership Agreement is hereby amended by
                deleting
                the words "General Partners' Capital Accounts shall continue to be
                equal
                to or greater than the General Partners' Capital Commitment" where
                such
                words appear in the last two lines of section 3.3(f) and substituting
                therefor the words "Limited Partners' Capital Accounts shall not
                exceed
                the Maximum Limited Partners' Funded
                Amount".

            

    

     

    
      	2.7  	
              Section
                4.7(b)(vii)(E) of the Limited Partnership Agreement is hereby amended
                by
                deleting the words "in the General Partners' Capital Accounts being
                reduced to an amount below the General Partners' Capital Commitment"
                where
                such words appear in the last three lines of Section 4.7(b)(vii)(E)
                and
                substituting therefor the words "of the Limited Partners' Capital
                Accounts
                exceeding the Maximum Limited Partners’ Funded
                Amount.".

            

    

     

    
      	2.8  	
              Section
                5.4(a) of the Limited Partnership Agreement is hereby amended by
                adding
                the words ", provided such Eligible Manufacturer is not a Non-performing
                Manufacturer," immediately following the words "Repurchase Agreement"
                where such words are found in the fourth line of Section
                5.4(a).

            

    

     

    
      	2.9  	
              Section
                5.4(c) of the Limited Partnership Agreement is hereby amended by
                deleting
                such section in its entirety and substituting therefor the
                following:

            

    

     

    
      	 	
              "(c)

            	
              When
                and to the extent the General Partners make a Capital Call for the
                purpose
                of funding the purchase of Program Negotiation Vehicles, each of
                them
                shall ensure that after giving effect to such Capital Call, the aggregate
                of the Limited Partners' Capital Accounts for the Limited Partners
                (calculated on the assumption that all Net Income of the Partnership
                up to
                the particular time has been allocated to the Partners at such time)
                excluding any capital contributed by the Limited Partners pursuant
                to
                Section 4.8 shall not exceed the Maximum Limited Partners' Funded
                Amount.".

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	2.10  	
              Section
                5.4(d) of the Limited Partnership Agreement is hereby amended by
                deleting
                the words "in the General Partners' Capital Accounts shall continue
                to be
                equal to or exceed the General Partners' Capital Commitment" where
                such
                words appear in the second sentence of section 5.4(d) and substituting
                therefor the words "of
                the Limited Partners' Capital Accounts shall not exceed the Maximum
                Limited Partners' Funded Amount.".

            

    

     

    
      	2.11  	
              Sections
                6.2(b) and 6.5 of the Limited Partnership Agreement are hereby amended
                by
                deleting the references to "105" where such references appear in
                such
                sections and substituting therefor the reference
                "120".

            

    

     

    
      	2.12  	
              Section
                6.5 of the Limited Partnership Agreement is hereby amended by deleting
                the
                words "CCRG Canada ULC" in every place where such words are found
                in
                Section 6.5 and substituting therefor the word
                "CCRG".

            

    

     

    
      	2.13  	
              Section
                8.1(b) of the Limited Partnership Agreement is hereby amended by
                deleting
                such section in its entirety and substituting therefor the
                following:

            

    

     

    
      	 	
              "(b)

            	
              if
                the aggregate balance of the Limited Partners' Capital Accounts at
                the end
                of a Settlement Period exceeds the Maximum Limited Partners' Funded
                Amount
                and remains so for three Business Days after the next occurring Settlement
                Date;".

            

    

     

    
      	2.14  	
              Section
                8.1(c) of the Limited Partnership Agreement is hereby amended by
                deleting
                such section in its entirety and substituting therefor the
                following:

            

    

     

    
      	 	
              "(c)

            	
              the
                breach of the covenant contained in subsection 5.2(i), which breach
                continues for five Business Days after a Settlement Date; provided,
                however, that if such breach is caused by a Manufacturer becoming
                a
                Non-Performing Manufacturer, then such breach will not constitute
                a
                Trigger Event if within 30 days of its occurrence, (i) the General
                Partners have caused the portfolio of Partnership Vehicles then owned
                by
                the Partnership to comply with Section 5.2(i), or (ii) the General
                Partners at their own expense have obtained for the benefit of the
                Partnership credit enhancement satisfactory in form, source and amount
                to
                the Rating Agency, the STARS Securitization Agent and the Bay Street
                Securitization Agent in respect of those Partnership Vehicles that
                are
                subject to Repurchase Agreements with such Manufacturer, and provided
                further that if the Securitization Agent for one of the Limited Partners
                is not satisfied as to such form, source and amount of credit enhancement,
                such Limited Partner shall provide notice of such determination to
                the
                General Partners and the other Limited Partner (provided that both
                Limited
                Partners are offered identical inducements or consideration in connection
                with the relevant determinations), and such breach shall only constitute
                a
                Trigger Event if the Limited Partnership Interest of the Limited
                Partner
                that is related to the Securitization Agent providing such notice
                has not
                been purchased by the applicable Option Closing Date in accordance
                with
                Section 8.4;".

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	2.15  	
              Section
                8.1(n) of the Limited Partnership Agreement is hereby amended by
                deleting
                such section in its entirety and substituting therefor the
                following:

            

    

     

    
      	 	
              "(n)

            	
              if
                at any time (i) the Avis Shareholders Equity is less than $40,000,000,
                (ii) the Budget Shareholders Equity is less than $20,000,000, or
                (iii) the
                CCRG Shareholders Equity is less than
                $40,000,000;".

            

    

     

    
      	2.16  	
              Section
                8.5(b)(iv) of the Limited Partnership Agreement is hereby amended
                by
                deleting such section in its entirety and substituting therefor the
                following:

            

    

     

    
      	 	
              "(iv)

            	
              fourth,
                to pay to each General Partner as a return of capital an amount equal
                to
                any Payout Excess or PNV Excess for such General Partner which has
                not
                been previously repaid, if and to the extent that after payments
                pursuant
                to this paragraph 8.5(b)(iv) the aggregate balance of the Limited
                Partners' Capital Accounts would not exceed the Maximum Limited Partners'
                Funded Amount;".

            

    

     

    
      	2.17  	
              The
                form of Settlement Report attached to the Limited Partnership Agreement
                as
                "Schedule D" is hereby deleted and the form of Settlement Report
                attached
                to this Agreement as Schedule A is added to the Limited Partnership
                Agreement as Schedule D.

            

    

     

    
      	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.

     

    
      	4.  	
              Miscellaneous

            

    

     

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

     

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

     

    (c)  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.

     

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

     

    (e)  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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      by
      their authorized signatories thereunto duly authorized, as of the date first
      above written.

     

    
      

       

      
        
          	 	 	 	
                   AVISCAR
                    INC.

                   

                	 
	 	 	
                  by:

                	
                  
                    /s/
                      David Calabria

                  

                	 
	 	 	 	
                  
                    Name:
                      Assistant Treasurer

                    Title:
                      

                  

                	 

        

        
 

      

      
        	 	 	
                by:

              	
                 

              	 
	 	 	 	
                Name:
                  

                Title:
                  

              	 

      

      

       

       

      
        	 	 	 	
                BUDGETCAR
                  INC.

                 

              	 
	 	 	
                by:

              	
                /s/
                  David Blaskey

              	 
	 	 	 	
                Name:
                  President

                Title:
                  

              	 

      

      

       

      
        	 	 	
                by:

              	
                 

              	 
	 	 	 	
                Name:
                  

                Title:
                  

              	 

      

      

       

       

      
        	 	 	 	
                BNY
                  TRUST COMPANY OF CANADA,
                  as trustee of CANADIAN
                  MASTER TRUST
                  (with liability limited to the assets of the Trust) by its Securitization
                  Agent, BMO
                  NESBITT BURNS INC.

              	 
	 	 	
                by:

              	 /s/
                Chris Romano	 
	 	 	 	
                Name:

                Title: 

              	 

      

      

       

      
        	 	 	
                by:

              	
                /s/
                  Terry J. Ritchie

              	 
	 	 	 	
                Name:
                  

                Title:
                  

              	 

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	 	 	 	
                MONTREAL
                  TRUST COMPANY OF CANADA, as
                  trustee of
                  BAY STREET FUNDING TRUST (with
                  liability limited to the assets of the trust) by its
                  administrator, SCOTIA
                  CAPITAL INC.

                 

              	 
	 	 	
                by:

              	 /s./
                Doug Noe	 
	 	 	 	
                Name:

                Title: 

              	 

      

      

       

      
        	 	 	
                by:

              	 	 
	 	 	 	
                Name:

                Title:

              	 

      

      

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        undersigned hereby acknowledges notice of and consents to the foregoing
        amendments to the Limited Partnership Agreement.

       

      DATED
        this 7th day of July, 2006.

       

      
        	 	 	 	
                CENDANT
                  CORPORATION

                 

              	 
	 	 	
                by:

              	
                /s/
                  Elizabeth R. Cohen

              	 
	 	 	 	
                Name:
                  Elizabeth R. Cohen

                Title:
                  Assistant Treasurer and Executive Vice President

              	 

      

      

      We
        hereby
        consent to the foregoing amendments to the Limited Partnership
        Agreement.

       

      DATED
        this 7th day of July, 2006.

       

      
        	
              	 	 	
                DOMINION
                  BOND RATING SERVICE LIMITED

                 

              	 
	 	 	
                by:

              	
                /s/
                  J D Marriott

              	 
	 	 	 	
                Name:
                  

                Title:Third Amendment to the Fourth Amended and Restated Partnership Agreement

     

    Exhibit
      10.3

     

    AMENDING
      AGREEMENT NO. 3

     

    

    THIS
      AGREEMENT made as of the 11th day of December, 2006,

     

    B
      E T W E
      E N:

     

    AVISCAR
      INC.,

    a
      corporation incorporated under the laws of Canada,

     

    (hereinafter
      called the "Avis
      General Partner"),

     

    -
      and
      -

     

    BUDGETCAR
      INC.,

    a
      corporation existing under the laws of Canada,

     

    (hereinafter
      called the "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
      called 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
      and
      July 7, 2006, (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:

            

    

     

    
      	(a)  	
              deleting
                the definitions of "CCRG", "Normal Course Termination Date", "Parent"
                and
                "Parent Guarantee" and replacing them with the following,
                respectively:

            

    

     

    ""CCRG"
      means
      Avis Budget Car Rental Canada ULC together with its successors and permitted
      assigns;";

     

    ""Normal
      Course Termination
      Date"
      means:

     

    
      	 	
              (a)

            	
              in
                respect of the STARS Limited Partner, (i) if there are
                outstanding Bonds on December 31, 2010, March 20, 2011; or
                (ii) if there are no outstanding Bonds on December 31,
                2010, December 31, 2010, subject, in each case, to the extension
                of such date until March 31, 2012 if on or before September
                30, 2010 the General Partners request an extension by notice in writing
                to
                the STARS Limited Partner and the STARS Limited Partner on or
                before November 30, 2010 notifies the General Partners in writing
                that it agrees to such extension;
                and

            

    

     

    
      	 	
              (b)

            	
              in
                respect of the Bay Street Limited Partner, (i) if there are
                outstanding Bonds on December 31, 2010, March 20, 2011; or
                (ii) if there are no outstanding Bonds on December 31, 2010, December
                31, 2010, subject, in each case, to the extension of such date
                until March 31, 2012 if on or before September 30, 2010 the
                General Partners request an extension by notice in writing to the
                Bay
                Street Limited Partner and the Bay Street Limited Partner on or
                before November 30, 2010 notifies the General Partners in writing
                that it agrees to such extension;";

            

    

     

    ""Parent"
      means
      Avis Budget Car Rental, LLC together with its successors and permitted
      assigns;"; and

     

    ""Parent
      Guarantee"
      means
      the guarantee dated December 11,
      2006
      made by the Parent in favour of each of the Limited Partners pursuant to which
      the Parent has guaranteed, among other things, certain of the General Partners'
      obligations hereunder, as the same may be amended or restated from time to
      time;";

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              adding
                the words "other than a Used Vehicle," immediately following the
                words
                "Partnership Non-program Vehicle," where such words are found in
                the third
                line of the defined term "Depreciation" and adding the words "and,
                for
                Used Vehicles, 2.5% per month" immediately following the words "on
                trucks
                and vans" where such words are found in the sixth line of such defined
                term;

            

    

     

    
      	(c)  	
              adding
                the words ", other than a Used Vehicle," immediately following the
                word
                "Vehicle" where such word is found in the first line of the defined
                term
                "Partnership Program Vehicle"; 

            

    

     

    
      	(d)  	
              adding
                the words ", including a Used Vehicle," immediately following the
                word
                "Vehicle" where such word is found in the first line of the defined
                term
                "Partnership Vehicle"; and

            

    

     

    
      	(e)  	
              adding
                each of the following defined terms in the appropriate alphabetical
                order:

            

    

     

    ""Aggregate
      Payables Amount"
      means,
      on any date, the aggregate amounts owing to Eligible Manufacturers or
      Manufacturers by
      the
      Partnership in respect of Partnership Vehicles that are included in the
      calculation of the Aggregate Partnership Non-program Vehicle Amount or the
      Aggregate Partnership Program Vehicle Amount on such date;";

     

    ""Model
      Year"
      means
      the calendar year assigned by a Manufacturer to a particular make and model
      of
      Vehicle as that Vehicle's "model year";";

     

    ""Partnership
      Model Year"
      means,
      with respect to any calendar year, the period beginning on October 1 of the
      prior calendar year and ending on September 30 of that calendar year, which,
      by
      way of example, means the 2007 "Partnership Model Year" is the period beginning
      on October 1, 2006 and ending on September 30, 2007;";

     

    ""Standby
      General Partner"
      means
      1708437 Ontario Inc.;"; and 

     

    ""Used
      Vehicle"
      means a
      Vehicle which was a used Vehicle on the date it was purchased by the Partnership
      and which has been designated a Model Year by the Manufacturer which is no
      more
      than one Model Year prior to the Partnership Model Year in which such Vehicle
      was purchased;".

     

    
      	2.2  	
              Section
                1.9 of the Limited Partnership Agreement is hereby amended by adding
                the
                following at the end of such section, "Schedule N - Form of Standby
                General Partner Acknowledgement".

            

    

     

    
      	2.3  	
              Section
                3.3(e) of the Limited Partnership Agreement is hereby amended by
                adding
                the words "less the Aggregate Payables Amount," immediately following
                the
                words "balance in the Principal Funding Account," where such words
                are
                found in the eleventh and twelfth lines of Section
                3.3(e).

            

    

     

    
      	2.4  	
              Section
                5.2(i) of the Limited Partnership Agreement is hereby amended by
                deleting
                the percentage "80%" from Section 5.2(i)(i) and substituting therefor
                the
                percentage "75%" 

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        	
              	
                 and
                  by deleting the words "and (vi)" where such words are found in
                  the tenth
                  line of Section 5.2(i) of the Limited Partnership Agreement and
                  substituting therefor the words "(vi) no more than 10% of the Partnership
                  Vehicles are Used Vehicles, (vii) no Partnership Vehicle that is
                  a Used
                  Vehicle has mileage of more than 60,000 kilometres, and (viii)".
                  

              

      

       

    

     

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

            

    

     

    "(j) in
      buying
      Vehicles for the Partnership, other than pursuant to the Assignment and
      Assumption Agreement, the General Partners shall (i) buy only Vehicles produced
      by Manufacturers and only of the current model year or the immediately preceding
      model year, (ii) buy Vehicles only from (A) Approved Dealers or Manufacturers
      or
      (B) Avis or Budget System Members or the General Partners pursuant to a Licensee
      Vehicle Assignment Agreement and, in the case of Used Vehicles only, (C) any
      nationally recognized automobile auction company ("Auction Company") in the
      United States or Canada that is approved to sell Vehicles for Manufacturers,
      and
      (D) any finance company affiliated with a Manufacturer ("Approved Finance
      Company"), (iii) in the case of Vehicles (other than Used Vehicles), buy from
      Manufacturers and Approved Dealers only and only against a Manufacturer's
      invoice, (iv) buy from Avis or Budget System Members or the General Partners
      pursuant to a Licensee Vehicle Assignment Agreement only Vehicles that were
      new
      Vehicles when purchased by the relevant licensee or that were Used Vehicles
      purchased by such licensee from an Auction Company or an Approved Finance
      Company and that have had no other intermediate owners (except for the General
      Partners or Affiliates of the relevant Avis or Budget System Member) and in
      respect of which the Manufacturer's invoice of the relevant licensee is
      delivered, (v) buy Vehicles from Avis or Budget System Members or pursuant
      to a
      Licensee Vehicle Assignment Agreement for a purchase price that is (A) in the
      case of Partnership Program Vehicles, equal to the depreciated value ascribed
      to
      each Vehicle as at the date of such purchase pursuant to the applicable
      Repurchase Agreement, with a reasonable allowance for age, mileage and damage
      to
      such Vehicle, and (B) in the case of Partnership Non-program Vehicles, the
      fair
      market value of each Vehicle (which shall approximate the original cash purchase
      price paid by the relevant Avis or Budget System Member for such Vehicle less
      depreciation at a rate in accordance with Canadian GAAP but in no event less
      than 2% per month applied on a straight line basis, with a reasonable allowance
      for age, mileage and damage to such Vehicle), and (vi) ensure that title to
      all
      Vehicles bought for the Partnership is registered in the name of either the
      Partnership or a General Partner in accordance with Section 2.6.".

     

    
      	2.6  	
              The
                Limited Partnership Agreement is hereby amended by adding the following
                as
                a new Section 8.11:

            

    

     

    "8.11 Standby
      General Partner

     

    (a) The
      Standby General Partner is hereby appointed as an additional general partner
      to
      the Partnership effective upon its execution and delivery of an 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    acknowledgement
      in the form of Schedule N hereto and upon making a capital contribution to
      the
      Partnership of $10.00. The Standby General Partner shall serve in addition
      to
      the General Partners. Notwithstanding any other provision of this Agreement,
      the
      Standby General Partner shall have no rights, duties or obligations hereunder
      unless and until the Standby General Partner is appointed as an Additional
      General Partner in accordance with, and subject to, Section 8.3(a). For greater
      certainty, the Standby General Partner shall not be an Additional General
      Partner for the purposes hereof but may be appointed as an Additional General
      Partner by either Limited Partner in accordance with, and subject to, Section
      8.3(a). Until such time as the Standby General Partner is appointed as the
      Additional General Partner in accordance with the terms hereof, the fee of
      the
      Standby General Partner shall be paid by the General Partners at the rate agreed
      to by the parties. Thereafter, such fee will be as set out in Section 8.3(a)."
      

     

    
      	2.7  	
              Section
                10.4 of the Limited Partnership Agreement is hereby amended by deleting
                such section in its entirety and substituting therefor the
                following:

            

    

     

    "10.4 Notices

     

    Any
      notice, report, communication, payment or demand required or permitted to be
      given or made hereunder shall be in writing and shall be sufficiently given
      or
      made for all purposes if delivered personally or transmitted by telecopy or
      fax
      to the party or to an officer of the party to whom the same is directed,
      addressed as follows:

     

    (a) if
      to the
      Avis General Partner, addressed to it at:

     

    Aviscar
      Inc.

    1
      Convair
      Drive East

    Etobicoke,
      ON  M9W 6Z9

     

    Attention:
       Controller

    Fax
      No.:   (416)
      213-8505

    

    with
      a
      copy to:

     

    Avis
      Budget Car Rental, LLC

    6
      Sylvan
      Way

    Parsippany,
      N.J.

    USA
      07054

     

    Attention:
       Treasurer
      

    Fax
      No.:   (973)
      496-3560

    

    And

    

    Attention: Legal
      Department

    Fax
      No.: (973)
      496-3444

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    and
      a
      copy to:

     

    Avis
      Budget Group, Inc. 

    6
      Sylvan
      Way

    Parsippany,
      N.J.

    USA
      07054

     

    Attention:
       Treasurer

    Fax
      No.:   (973)
      496-3560

     

    (b) if
      to the
      Budget General Partner, addressed to it at:

     

    Budgetcar
      Inc.

    1
      Convair
      Drive East

    Etobicoke,
      ON  M9W 6Z9

     

    Attention:
       Controller

    Fax
      No.:   (416)
      213-8505

     

    with
      a
      copy to:

     

    Avis
      Budget Car Rental, LLC

    6
      Sylvan
      Way

    Parsippany,
      N.J.

    USA
      07054

     

    Attention:
       Treasurer
      

    Fax
      No.:   (973)
      496-3560

    and

     

    Attention: Legal
      Department

    Fax
      No.: (973)
      496-3444

     

    and
      a
      copy to:

     

    Avis
      Budget Group, Inc. 

    6
      Sylvan
      Way

    Parsippany,
      N.J.

    USA
      07054

     

    Attention:
       Treasurer

    Fax
      No.:   (973)
      496-3560

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c) if
      to the
      STARS Limited Partner, addressed to it at:

     

    STARS
      Trust

    c/o
      BNY
      Trust Company of Canada

    Suite
      1101, 4 King Street West

    Toronto,
      ON  M5H 1B6

     

    Attention: George
      Bragg,

    
      	 	 	
              President
                and Chief Executive Officer

            

    

    Fax
      No.: (416)
      360-1711

     

    and:

     

    Attention:
       Patricia
      Benjamin,

    Assistant
      Treasurer and Trust Officer

    Fax
      No.:   (416)
      360-1711

     

    with
      a
      copy to the STARS Securitization Agent, addressed to it at:

     

    BMO
      Nesbitt Burns Inc.

    1
      First
      Canadian Place

    3rd
      Floor
      Podium

    Toronto,
      ON  M5X 1H3

     

    Attention: Executive
      Managing Director,

    Securitization
      and Structured Finance

     

    Fax
      No.: (416)
      359-1910

     

    (d) if
      to the
      Bay Street Limited Partner, addressed to it at:

     

    Bay
      Street Funding Trust

    c/o
      Montreal Trust Company of Canada

    100
      University Avenue

     

    11th
      Floor

     

    Toronto,
      Ont. M5J 2Y1

     

    Attention: Account
      Administrator

    Fax
      No.: (416)
      981-9777

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    with
      a
      copy to the Bay Street Securitization Agent, addressed to it at:

     

    Scotia
      Capital Inc.

    68th
      Floor, Scotia Plaza

    40
      King
      Street West

    P.O.
      Box
      4085, Station "A"

    Toronto,
      Ontario

    M5W
      2X6

     

    Attention: Director,
      Securitization

    Fax
      No.: (416)
      945-4534

     

    (e)and
      if to
      the Rating Agency, addressed to it at:

     

    Dominion
      Bond Rating Service Limited

    200
      King
      Street West

    Suite
      1304

    Sun
      Life
      Centre, West Tower

    P.O.
      Box
      34

    Toronto,
      ON  M5H 3T4

     

    Attention: Executive
      Vice President - Structured Finance

    Fax
      No.: (416)
      593-8432

     

    Any
      such
      notice that is given by personal delivery shall be deemed to have been received
      on the day of actual delivery thereof and any notice given by telecopy or fax
      shall be deemed to have been received on the first Business Day after the
      transmittal thereof.  A Partner may change its address or fax number
      by giving written notice of such change to the other Partners.".

     

    
      	2.8  	
              The
                Limited Partnership Agreement is hereby amended by adding Schedule
                A
                annexed hereto as Schedule N to the Limited Partnership
                Agreement.

            

    

     

    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.

     

    4.  Miscellaneous

     

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

            

    

     

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

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              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.

            

    

     

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

            

    

     

    
      	(e)  	
              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.

            

    

     

    

     

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      by
      their authorized signatories thereunto duly authorized, as of the date first
      above written.

     

    

      

       

      
        	 	 	 	
                AVISCAR
                  INC.

                 

              	 
	 	 	
                by:

              	
                /s/
                  Jean M. Sera

              	 
	 	 	 	
                Name:
                  Jean M. Sera

                Title:
                  Senior Vice President and Secretary

              	 

      

      

       

      
        	 	 	
                by:

              	
                /s/
                  David Calabria

              	 
	 	 	 	
                Name:
                  David Calabria

                Title:
                  Assistant Treasurer

              	 

      

      

       

      
        	 	 	 	
                BUDGETCAR
                  INC.

                 

              	 
	 	 	
                by:

              	
                /s/
                  David B. Wyshner

              	 
	 	 	 	
                Name:
                  David B. Wyshner

                Title:
                  President and Executive Vice President

              	 

      

      

       

      
        	 	 	
                by:

              	
                /s/
                  Paul Gallagher

              	 
	 	 	 	
                Name:
                  Paul Gallagher

                Title:
                  Assistant Secretary

              	 

      

      

       

      
         

        
          	 	 	 	
                  BNY
                    TRUST COMPANY OF CANADA,
                    as trustee of  of STARS TRUST (with liability
                    limited to the assets of the Trust) by its Securitization Agent,
                    BMO NESBITT BURNS INC.

                	 
	 	 	
                  by:

                	 /s/ Terry
                  J. Ritchie	 
	 	 	 	
                  Name:

                  Title: 

                	 

        

        

         

        
          	 	 	
                  by:

                	
                  /s/Chris
                    Romano     

                	 
	 	 	 	
                  Name:
                    

                  Title:
                    

                	 

        

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	 	 	 	
                  MONTREAL
                    TRUST COMPANY OF CANADA, as
                    trustee of
                    BAY STREET FUNDING TRUST (with
                    liability limited to the assets of the trust) by its
                    administrator, SCOTIA
                    CAPITAL INC.

                   

                	 
	 	 	
                  by:

                	 /s/
                  Doug Noe	 
	 	 	 	
                  Name:
                    

                  Title: 

                	 

        

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     

    The
      undersigned hereby acknowledges notice of and consents to the foregoing
      amendments to the Limited Partnership Agreement.

     

    DATED
      this 11th day of December, 2006.

     

    
      

       

      
        	 	 	 	
                
                  AVIS
                    BUDGET CAR RENTAL, LLC 

                

                 

              	 
	 	 	
                by:

              	
                /s/
                  Jean M. Sera

              	 
	 	 	 	
                Name:
                  Jean M. Sera

                Title:
                  SVP and Secretary 

              	 

      

      

    

     

    We
      hereby
      consent to the foregoing amendments to the Limited Partnership
      Agreement.

     

    DATED
      this 11th day of December, 2006.

    
      

       

      
        	 	 	 	
                
                  
                    DOMINION
                      BOND RATING SERVICE LIMITED

                  

                

                 

              	 
	 	 	
                by:

              	
                /s/
                  J D Marriott

              	 
	 	 	 	
                Name:
                  

                Title:
                  

              	 

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      A

     

    Schedule
      N

     

    To
      Limited Partnership Agreement

     

    

    TO:  AVISCAR
      INC.

     
      BUDGETCAR INC.

     

    AND
      TO: STARS
      TRUST

                      
      BAY
      STREET FUNDING TRUST

     

    RE:  WTH
      FUNDING LIMITED PARTNERSHIP (the "Partnership")

     

    

    The
      undersigned has read and understands the Fourth Amended and Restated Limited
      Partnership Agreement made as of April 20, 2005 between Aviscar Inc., Budgetcar
      Inc., STARS Trust and Bay Street Funding Trust (as amended, supplemented,
      revised or restated from time to time, the "Partnership Agreement") relating
      to
      the Partnership. In consideration of the admission of the undersigned to the
      Partnership as Standby General Partner and other good and valuable consideration
      the receipt and sufficiency of which is hereby acknowledged, the undersigned
      undertakes and agrees to be bound by and to observe the provisions of the
      Partnership Agreement as Standby General Partner.

     

    The
      undersigned hereby represents and warrants that it is not a "non-resident"
      within the meaning of the Income
      Tax Act
      (Canada).

     

    Terms
      capitalized (other than for grammatical reasons) but not defined herein have
      the
      meanings respectively assigned to them in the Agreement.

     

    DATED
      this n
      day of
n,
      2006.

     

    
      
        	 	 	
                by:

              	
                /s/
                  

              	 
	 	 	 	
                Name:
                  

                Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]