Document:

EX-4.12(b)

 Exhibit 4.12(b) 

Supplemental Indenture 
 SUPPLEMENTAL INDENTURE, dated as of June 21, 2013 (this “Supplemental Indenture”), among Zipcar, Inc., a corporation duly organized and existing under the laws of the State of
Delaware (the “Subsidiary Guarantor”), Avis Budget Car Rental, LLC, a limited liability company duly organized and existing under the laws of the State of Delaware, and Avis Budget Finance, Inc., a corporation duly organized and
existing under the laws of the State of Delaware (together, the “Company,” which term includes their successors and assigns), each other then existing Guarantor under the Indenture referred to below (the “Existing
Guarantors”), and The Bank of Nova Scotia Trust Company of New York, as trustee (the “Trustee”) under the Indenture referred to below. 
 WITNESSETH: 
 WHEREAS, the Company, any Existing Guarantors and the Trustee have
heretofore become parties to an Indenture, dated as of April 3, 2013 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of 5.50% Senior Notes due 2023 of the Company (the
“Notes”); 
 WHEREAS, Section 1308 of the Indenture provides that the Company is required to cause the
Subsidiary Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantor shall guarantee the Subsidiary Guaranteed Obligations pursuant to a Subsidiary Guarantee on the terms and conditions set
forth herein and in Article XIII of the Indenture; 
 WHEREAS, the Subsidiary Guarantor desires to enter into such supplemental
indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of such Subsidiary Guarantor is dependent on the financial performance and condition of the Company, the
obligations hereunder of which such Subsidiary Guarantor has guaranteed, and on such Subsidiary Guarantor’s access to working capital through the Company’s access to revolving credit borrowings under the Senior Credit Agreement; and

 WHEREAS, pursuant to Section 901 of the Indenture, the parties hereto are authorized to execute and deliver this
Supplemental Indenture to amend the Indenture, without the consent of any Holder. 
 NOW, THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantor, the Company, the Existing Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders of the
Notes as follows: 
 Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the
preamble or recital hereto are used herein as therein defined. The words “herein,” “hereof’ and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a
whole and not to any particular Section hereof. 

 Agreement to Guarantee. The Subsidiary Guarantor hereby agrees, jointly and severally
with all Existing Guarantors and irrevocably, fully and unconditionally, to Guarantee the Subsidiary Guaranteed Obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in Article XIII of the Indenture and
to be bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Subsidiary Guarantor. 
 Termination, Release and Discharge. The Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the Subsidiary Guarantor shall be released and
discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture. 
 Parties. Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or
in respect of the Subsidiary Guarantor’s Subsidiary Guarantee or any provision contained herein or in Article XIII of the Indenture. 
 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE
NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS SUPPLEMENTAL INDENTURE. 
 Ratification of Indenture; Supplemental Indentures Part of Indenture. Except
as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of
the recitals to this Supplemental Indenture. 
 Counterparts. The parties hereto may sign one or more copies of this
Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. 
 Headings.
The Section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	 ZIPCAR, INC.,
 as Subsidiary Guarantor

		
	By:	 	/s/ David B. Wyshner
		 	  

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

	Name:	 	David B. Wyshner
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer
	
	AVIS BUDGET FINANCE, INC.
		
	By:	 	/s/ David B. Wyshner
		 	  

	Name:	 	David B. Wyshner
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer
	
	AVIS BUDGET GROUP, INC.
		
	By:	 	/s/ David B. Wyshner
		 	  

	Name:	 	David B. Wyshner
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer
	
	AVIS BUDGET HOLDINGS, LLC
		
	By:	 	/s/ David B. Wyshner
		 	  

	Name:	 	David B. Wyshner
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer

  
 [Signature
Page to Supplemental Indenture to April 2013 Indenture] 

 
			
	AB CAR RENTAL SERVICES, INC.
	ARACS LLC
	AVIS ASIA AND PACIFIC, LLC
	AVIS CAR RENTAL GROUP, LLC
	AVIS CARIBBEAN, LIMITED
	AVIS ENTERPRISES, INC.
	AVIS GROUP HOLDINGS, LLC
	AVIS INTERNATIONAL, LTD.
	AVIS OPERATIONS, LLC
	AVIS RENT A CAR SYSTEM, LLC
	PF CLAIMS MANAGEMENT, LTD.
	PR HOLDCO, INC.
	WIZARD CO., INC.
		
	By:	 	/s/ Rochelle Tarlowe
	Name:	 	Rochelle Tarlowe
	Title:	 	Vice President and Treasurer
	
	BGI LEASING, INC.
	BUDGET RENT A CAR SYSTEM, INC.
	BUDGET RENT A CAR LICENSOR, LLC
	BUDGET TRUCK RENTAL LLC
	RUNABOUT, LLC
	WIZARD SERVICES, INC.
		
	By:	 	/s/ David B. Wyshner
	Name:	 	David B. Wyshner
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer

  
 [Signature
Page to Supplemental Indenture to April 2013 Indenture] 

 
			
	THE BANK OF NOVA SCOTIA TRUST
COMPANY OF NEW YORK,
	as Trustee
		
	By:	 	/s/ John F. Neylan
	Name:	 	John F. Neylan
	Title:	 	Trust Officer

  
 [Signature
Page to Supplemental Indenture to April 2013 Indenture]EX-10.106

 Exhibit 10.106 

ASSUMPTION AGREEMENT (this “Assumption Agreement”), dated as of June 21, 2013, made by Zipcar, Inc. (the
“Additional Grantor”), in favor of JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions or entities (the
“Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement or the Amended and Restated Guarantee and Collateral Agreement
referred to below, as applicable. 
 W I T N E S S E T H : 

WHEREAS, Avis Budget Holdings, LLC (“Holdings”), Avis Budget Car Rental, LLC (the “Borrower”), the
Lenders and the Administrative Agent have entered into the Amended and Restated Credit Agreement, dated as of May 3, 2011 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Affiliates (other than the Additional Grantor) have
entered into the Amended and Restated Guarantee and Collateral Agreement, dated as of May 3, 2011 (as amended, supplemented or otherwise modified from time to time, the “Amended and Restated Guarantee and Collateral Agreement”)
in favor of the Administrative Agent for the ratable benefit of the Secured Parties; 
 WHEREAS, the Credit Agreement requires
the Additional Grantor to become a party to the Amended and Restated Guarantee and Collateral Agreement; and 
 WHEREAS, the
Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Amended and Restated Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 
 1. Amended and Restated Guarantee and
Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 9.14 of the Amended and Restated Guarantee and Collateral Agreement, hereby becomes a party to the Amended and
Restated Guarantee and Collateral Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor and, without limiting the generality of the foregoing, hereby expressly
assumes all obligations and liabilities of a Grantor and a Guarantor thereunder. The Additional Grantor hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent, for the ratable benefit of the Secured
Parties, a security interest in the Collateral (as defined in the Amended and Restated Guarantee and Collateral Agreement), as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by
acceleration or otherwise) of the Obligations (as defined in the Amended and Restated Guarantee and Collateral Agreement). The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Amended and
Restated Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that, as to itself, each of the representations and warranties contained in Section 5 of the Amended and Restated Guarantee and Collateral
Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 
 2. Execution of Financing Statements. Pursuant to any applicable law, the Additional Grantor authorizes the Administrative Agent to file or record financing statements, continuation statements, and
amendments to financing statements in any jurisdictions and with any filing offices as the Administrative Agent may determine are necessary or advisable to perfect the security interest granted to the Administrative Agent in connection herewith with
respect to the Collateral without the signature of 

 
such Grantor, to the extent permitted by law, in such form as the Administrative Agent determines appropriate to perfect the security interests of the Administrative Agent under this Assumption
Agreement and the Amended and Restated Guarantee and Collateral Agreement. Such financing statements may describe the Collateral in the same manner as described in this Assumption Agreement and the Amended and Restated Guarantee and Collateral
Agreement or may contain an indication or description of Collateral that describes such property in any other manner as the Administrative Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of
the security interest in the Collateral granted to the Administrative Agent in connection with this Assumption Agreement and the Amended and Restated Guarantee and Collateral Agreement, including, without limitation, describing such property as
“all assets, whether now owned or hereafter acquired” or “all personal property, whether now owned or hereafter acquired.” The Additional Grantor hereby ratifies and authorizes the filing by the Administrative Agent of any
financing statement with respect to the Collateral made prior to the date hereof. 
 3. GOVERNING LAW. THIS ASSUMPTION
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

4. Submission To Jurisdiction; Waivers. Each Additional Grantor hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Assumption Agreement and the other Loan
Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non exclusive general jurisdiction of the courts of the State of New York located in the Borough of Manhattan, the courts of the United
States of America for the Southern District of New York, and appellate courts from any thereof; 
 (b) consents that any such
action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and
agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Additional Grantor at its address referred to on Schedule 1 of Annex 1-A or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this Section any special, exemplary, punitive or consequential damages. 
 5. WAIVER OF JURY TRIAL. THE
ADDITIONAL GRANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS ASSUMPTION AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written. 
  

			
	ZIPCAR, INC.
		
	By:	 	/s/ Bryon Koepke
	Name:	 	 Bryon Koepke

	Title:	 	Secretary

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