Document:

Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked

 Exhibit 4.6 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

	 CUSIP NO. 94986RT92 
	
FACE AMOUNT: $                   
          

 REGISTERED NO.      

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the S&P 500® Index 

due August 31, 2018 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the
Redemption Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, on the Stated Maturity Date. The “Initial Stated Maturity
Date” shall be August 31, 2018. If the Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the “Stated Maturity Date.” If the Calculation Day is postponed, the “Stated
Maturity Date” shall be the later of (i) the Initial Stated Maturity Date and (ii) the third Business Day (as defined below) after the Calculation Day as postponed. This Security shall not bear any interest. 

Any payments on this Security at Maturity will be made against presentation of this Security at the office or agency of the
Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. 

“Face Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this
Security as its “Face Amount.” 

 Determination of Redemption Amount 

The “Redemption Amount” of this Security will equal: 

 

	 	•	 	 if the Ending Level is greater than the Starting Level: the lesser of: 

 

	 	(i)	 the Face Amount plus: 

 

																	
		 	 	 	 Face Amount x  
	 	 	 	 Ending Level – Starting Level

Starting Level
	 	 	 	   x  Participation Rate
	 	 	 	 ; and

  

	 	(ii)	 the Capped Value; 

  

	 	•	 	 if the Ending Level is less than or equal to the Starting Level, but greater than or equal to the Threshold
Level: the Face Amount; or 

  

	 	•	 	 if the Ending Level is less than the Threshold Level: the Face Amount minus: 

 

											
		 	 	 	Face Amount  x      	 	 Threshold Level – Ending Level

Starting Level
	 	 	 	

 All calculations with respect to the Redemption Amount will be rounded to the nearest one hundred-thousandth,
with five one-millionths rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Redemption Amount will be rounded to the nearest cent, with one-half cent rounded upward. 

“Index” shall mean the S&P 500® Index. 

The “Pricing Date” shall mean August 26, 2016. 

The “Starting Level” is 2169.04, the Closing Level of the Index on the Pricing Date. 

The “Closing Level” of the Index on any Trading Day means the official closing level of the Index reported by
the Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking into account the decimal
precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth below under “Discontinuance of The Index; Alteration of Method of Calculation” and “Market
Disruption Events.” 
 The “Ending Level” will be the Closing Level of the Index on the Calculation
Day. 
 The “Threshold Level” is 1952.136, which is equal to 90% of the Starting Level. 

The “Participation Rate” is 200%. 

  
 2 

 The “Capped Value” is 119% of the Face Amount of this Security.

 “Index Sponsor” shall mean S&P Dow Jones Indices LLC. 

“Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions are authorized or required by law or regulation to close in New York, New York. 
 A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Relevant Stock Exchanges with respect to each security underlying the Index are scheduled to be open for trading for their respective regular
trading sessions and (ii) each Related Futures or Options Exchange is scheduled to be open for trading for its regular trading session. 

The “Related Futures or Options Exchange” for the Index means an exchange or quotation system where trading
has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Index. 

The “Relevant Stock Exchange” for any security underlying the Index means the primary exchange or quotation
system on which such security is traded, as determined by the Calculation Agent. 
 The “Calculation Day”
shall be August 28, 2018. If such day is not a Trading Day, the Calculation Day will be postponed to the next succeeding Trading Day. The Calculation Day is also subject to postponement due to the occurrence of a Market Disruption Event (as
defined below). If a Market Disruption Event occurs or is continuing with respect to the Index on the Calculation Day, such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred and
is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading Day after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation Day. If the Calculation Day
has been postponed eight Trading Days after the originally scheduled Calculation Day and a Market Disruption Event occurs or is continuing on such eighth Trading Day, the Calculation Agent will determine the Closing Level of the Index on such eighth
Trading Day in accordance with the formula for and method of calculating the Closing Level of the Index last in effect prior to commencement of the Market Disruption Event, using the closing price (or, with respect to any relevant security, if a
Market Disruption Event has occurred with respect to such security, its good faith estimate of the value of such security at the Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the
regular trading session of such Relevant Stock Exchange) on such date of each security included in the Index. As used herein, “closing price” means, with respect to any security on any date, the Relevant Stock Exchange traded or
quoted price of such security as of the Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular trading session of such Relevant Stock Exchange. 

“Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of March 18, 2015
between the Company and the Calculation Agent, as amended from time to time. 

  
 3 

 “Calculation Agent” shall mean the Person that has entered into
the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Ending Level and the Redemption Amount, which term shall, unless the context otherwise requires, include its successors under such
Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this
Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 
 Discontinuance Of The Index;
Alteration Of Method Of Calculation 
 If the Index Sponsor discontinues publication of the Index, and the Index
Sponsor or another entity publishes a successor or substitute equity index that the Calculation Agent determines, in its sole discretion, to be comparable to the Index (a “Successor Equity Index”), then, upon the Calculation
Agent’s notification of that determination to the Trustee and the Company, the Calculation Agent will substitute the Successor Equity Index as calculated by the Index Sponsor or any other entity and calculate the Ending Level as described
above. Upon any selection by the Calculation Agent of a Successor Equity Index, the Company will cause notice to be given to the Holder of this Security. 

In the event that the Index Sponsor discontinues publication of the Index prior to, and the discontinuance is continuing on,
the Calculation Day and the Calculation Agent determines that no Successor Equity Index is available at such time, the Calculation Agent will calculate a substitute Closing Level for the Index in accordance with the formula for and method of
calculating the Index last in effect prior to the discontinuance, but using only those securities that comprised the Index immediately prior to that discontinuance. If a Successor Equity Index is selected or the Calculation Agent calculates a level
as a substitute for the Index, the Successor Equity Index or level will be used as a substitute for the Index for all purposes, including the purpose of determining whether a Market Disruption Event exists. 

If on the Calculation Day the Index Sponsor fails to calculate and announce the level of the Index, the Calculation
Agent will calculate a substitute Closing Level of the Index in accordance with the formula for and method of calculating the Index last in effect prior to the failure, but using only those securities that comprised the Index immediately prior to
that failure; provided that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth above under the definition of “Calculation Day” shall apply in lieu of the foregoing. 

If at any time the Index Sponsor makes a material change in the formula for or the method of calculating the Index, or in any
other way materially modifies the Index (other than a modification prescribed in that formula or method to maintain the Index in the event of changes in constituent stock and capitalization and other routine events), then, from and after that time,
the Calculation Agent will, at the close of business in New York, New York, on each date that the Closing Level of the Index is to be calculated, calculate a substitute Closing Level of the Index in accordance with the formula for and method of
calculating the Index last in effect prior to the change, but using only those securities that comprised the Index immediately prior to that change. Accordingly, if the method of calculating the Index is modified so that the level of the

  
 4 

 
Index is a fraction or a multiple of what it would have been if it had not been modified, then the Calculation Agent will adjust the Index in order to arrive at a level of the Index as if it had
not been modified. 
 Market Disruption Events 

A “Market Disruption Event” means any of the following events as determined by the Calculation Agent in its
sole discretion: 
  

	 	(A)	 The occurrence or existence of a material suspension of or limitation imposed on trading by the Relevant Stock
Exchanges or otherwise relating to securities which then comprise 20% or more of the level of the Index or any Successor Equity Index at any time during the one-hour period that ends at the Close of Trading on that day, whether by reason of
movements in price exceeding limits permitted by those Relevant Stock Exchanges or otherwise. 

  

	 	(B)	 The occurrence or existence of a material suspension of or limitation imposed on trading by any Related
Futures or Options Exchange or otherwise in futures or options contracts relating to the Index or any Successor Equity Index on any Related Futures or Options Exchange at any time during the one-hour period that ends at the Close of Trading on that
day, whether by reason of movements in price exceeding limits permitted by the Related Futures or Options Exchange or otherwise. 

  

	 	(C)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the
ability of market participants in general to effect transactions in, or obtain market values for, securities that then comprise 20% or more of the level of the Index or any Successor Equity Index on their Relevant Stock Exchanges at any time during
the one-hour period that ends at the Close of Trading on that day. 

  

	 	(D)	 The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs the
ability of market participants in general to effect transactions in, or obtain market values for, futures or options contracts relating to the Index or any Successor Equity Index on any Related Futures or Options Exchange at any time during the
one-hour period that ends at the Close of Trading on that day. 

  

	 	(E)	 The closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities that then
comprise 20% or more of the level of the Index or any Successor Equity Index are traded or any Related Futures or Options Exchange prior to its Scheduled Closing Time unless the earlier closing time is announced by the Relevant Stock Exchange or
Related Futures or Options Exchange, as applicable, at least one hour prior to the earlier of (1) the actual closing time for the regular trading session on such Relevant Stock Exchange or Related Futures or Options Exchange, as applicable, and
(2) the submission deadline for orders to be entered into the Relevant Stock Exchange or Related Futures or Options 

  
 5 

	 	 
Exchange, as applicable, system for execution at such actual closing time on that day. 

  

	 	(F)	 The Relevant Stock Exchange for any security underlying the Index or Successor Equity Index or any Related
Futures or Options Exchange fails to open for trading during its regular trading session. 

 For purposes
of determining whether a Market Disruption Event has occurred: 
  

	 	(1)	 the relevant percentage contribution of a security to the level of the Index or any Successor Equity Index
will be based on a comparison of (x) the portion of the level of such Index attributable to that security and (y) the overall level of the Index or Successor Equity Index, in each case immediately before the occurrence of the Market
Disruption Event; 

  

	 	(2)	 the “Close of Trading” on any Trading Day for the Index or any Successor Equity Index means
the Scheduled Closing Time of the Relevant Stock Exchanges with respect to the securities underlying the Index or Successor Equity Index on such Trading Day; provided that, if the actual closing time of the regular trading session of any such
Relevant Stock Exchange is earlier than its Scheduled Closing Time on such Trading Day, then (x) for purposes of clauses (A) and (C) of the definition of “Market Disruption Event” above, with respect to any security
underlying the Index or Successor Equity Index for which such Relevant Stock Exchange is its Relevant Stock Exchange, the “Close of Trading” means such actual closing time and (y) for purposes of clauses (B) and (D) of the
definition of “Market Disruption Event” above, with respect to any futures or options contract relating to the Index or Successor Equity Index, the “close of trading” means the latest actual closing time of the regular trading
session of any of the Relevant Stock Exchanges, but in no event later than the Scheduled Closing Time of the Relevant Stock Exchanges; 

  

	 	(3)	 the “Scheduled Closing Time” of any Relevant Stock Exchange or Related Futures or Options
Exchange on any Trading Day for the Index or any Successor Equity Index means the scheduled weekday closing time of such Relevant Stock Exchange or Related Futures or Options Exchange on such Trading Day, without regard to after hours or any other
trading outside the regular trading session hours; and 

  

	 	(4)	 an “Exchange Business Day” means any Trading Day for the Index or any Successor Equity Index
on which each Relevant Stock Exchange for the securities underlying the Index or any Successor Equity Index and each Related Futures or Options Exchange are open for trading during their respective regular trading sessions, notwithstanding any such
Relevant Stock Exchange or Related Futures or Options Exchange closing prior to its Scheduled Closing Time. 

  
 6 

 Calculation Agent 

The Calculation Agent will determine the Redemption Amount and the Ending Level. In addition, the Calculation Agent will
(i) determine if adjustments are required to the Closing Level of the Index under the circumstances described in this Security, (ii) if publication of the Index is discontinued, select a Successor Equity Index or, if no Successor Equity
Index is available, determine the Closing Level of the Index under the circumstances described in this Security, and (iii) determine whether a Market Disruption Event or non-Trading Day has occurred. 

The Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which
shall be a broker-dealer, bank or other financial institution) with respect to this Security. 

All determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the
Calculation Agent and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. 

Tax Considerations 

The Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be
deemed to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States federal income tax purposes to characterize and treat this Security as a prepaid derivative contract that is an
“open transaction.” 
 Redemption and Repayment 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to August 31, 2018. This Security is not entitled to any sinking fund. 
 Acceleration 

If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the
Redemption Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted
under the Indenture will be equal to the Redemption Amount hereof calculated as provided herein as though the date of acceleration was the Calculation Day. 
  

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred 

  
 7 

 
to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[The remainder of this page has been left intentionally blank] 

  
 8 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED:
                                 

 

							
	WELLS FARGO & COMPANY
			
	By:	 	 	 	 
		 		 	 
		 		 	Its:	 	 

 [SEAL] 
  

					
	Attest:	 	 
		 	 
		 	Its:	 	 

  

			
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION
 This is one of the Securities of the

series designated therein described
 in the within-mentioned Indenture.

	
	 CITIBANK, N.A.,

      as Trustee

		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:	 	 
		 	Authorized Signature

  
 9 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the S&P 500® Index 

due August 31, 2018 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the 

  
 10 

 
time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of all
series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain
past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such
series. Solely for the purpose of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in
the requisite aggregate principal amount, the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. 
 Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not
appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form
and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered 

  
 11 

 
form, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global
Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the Redemption Amount at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 

No Personal Recourse 

No recourse shall be had for the payment of the Redemption Amount, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of
any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 12 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or regulations: 
  

					
	 TEN COM
	 	  -- 
	 	 as tenants in common

			
	 TEN ENT
	 	  -- 
	 	 as tenants by the entireties

			
	 JT TEN
	 	  -- 
	 	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
	 	  -- 
	 	 	 	 Custodian
	 	 
		 		 	(Cust)	 		 	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	
	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 13 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint                                      attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
        
  

	
	   

  

	
	   

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever. 

  
 14Exhibit

CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AS INDICATED BY [REDACTED] AND SEPARATELY FILED WITH THE COMMISSION.

	
		
	North American Fleet, Lease 
& Remarketing Operations
	16800 Executive Plaza Dr.
Regent Court Bldg., 6N-1A
Dearborn, MI 48126

                        
August 09, 2016

To:  Mike Schmidt, Senior Vice President – Fleet Services
       Avis Budget Car Rental, LLC  

 Subject: Avis Budget Car Rental 2017 Model Year Program Letter

This Avis Budget Car Rental, LLC 2017 Model Year Program Letter (the "Program Letter") will confirm the agreement reached between Avis Budget Car Rental, LLC ("ABCR"), its affiliates and all entities it controls and Ford Motor Company ("Ford"), (the "Parties"), regarding purchases by ABCR of Ford vehicles, which include any new and unused passenger cars, vans or trucks bearing the marks "Ford" or "Lincoln" as from time to time are offered for sale by Ford in the United States to Ford Dealers ("Ford Vehicles") for the 2017 Program Year.  "Program Year" ("PY") is defined and outlined on Attachment IX “Volume Adjustments” and runs through June 30, 2017 or the date listed as “End Date”.  The 2017 PY is comprised of 2017 and possibly 2018 model year vehicles and includes all Ford Vehicles purchased by ABCR during the dates specified on Attachment IX “Volume Adjustments” unless both parties mutually agree to conclude the PY sooner.  Exceptions to the PY are summarized in Attachment IX "Volume Adjustments" attached hereto and incorporated herein.  The Parties agree that each month during the PY, ABCR shall prepare and submit to Ford during the 3rd week of the month, an updated requested production plan by week and by month, outlining production for the entire PY - the most current plan through the 2016 CY is outlined on Attachment X “Production Plan” attached hereto and incorporated herein. The Parties understand the Production Plan does not constitute a timing guarantee; however, both Parties will make reasonable efforts to fulfill the Production Plan.

Other than those items specifically identified in this Program Letter, all terms and conditions announced in related communications from Ford to ABCR, Ford's 2017 Model Daily Rental Repurchase Program and Ford's 2017 Model Daily Rental Long Term Risk Program, dated June 2, 2016 (the "Program Communications") control.  Terms used in this letter that are defined in such Program Communications shall have the meaning set forth in the Program Communications unless a contrary definition is provided in this Program Letter in which case the definition in this Program Letter shall prevail.  “Ford Dealer” is defined as an independent entity in the United States authorized by Ford to sell new Ford Vehicles under one or more dealer sales and service agreements.

The Parties hereto acknowledge and agree that this Program Letter, and the Program Communications relating to the acquisition by ABCR or its affiliates from Ford, and the repurchase by Ford, of Ford Vehicles, shall constitute a single contract among the Parties for all purposes, including in the event of a bankruptcy filing by any of the Parties.

This Program Letter and all of the enhancements apply to the 2017 Program Year as defined herein.  The terms and conditions contained in this Program letter are offered to meet competitive offers and promote the selection of Ford and Lincoln products.  This Program Letter contains the entire agreement between Ford and ABCR with respect to the subject matter hereof and supersedes any prior agreements and understanding, written or oral.  This Program Letter may only be changed by writing signed and delivered by the duly authorized representatives of ABCR and Ford.

Like Kind Exchange Notification
Ford is hereby notified that (ABCR) and its subsidiaries, AESOP Leasing L.P. (“AESOP Leasing”), Avis Rent A Car System, LLC (“Avis”) and Budget Rent A Car System, Inc. (“Budget”), have engaged AESOP Exchange Corporation as a qualified intermediary (“QI”) for the purpose of facilitating a like kind exchange program under Section 1031 of the Internal Revenue Code of 1986, as amended.  As such, ABCR, AESOP Leasing, Avis and Budget have assigned to AESOP Exchange Corporation, acting in its capacity as QI, all of their rights, but not their obligations, in any existing manufacturer purchase agreements they may have with Ford for the purchase of replacement Vehicles and/or the repurchase of relinquished Vehicles.  This notification will 
apply to all future purchases of replacement Vehicles and/or the repurchases of relinquished Vehicles unless specifically excluded in writing.

Purchase Volume 
During the 2017 Program Year, ABCR agrees to purchase for use in or in support of operations at ABCR locations a Minimum Annual Volume of [REDACTED] Ford Vehicles from the Ford Dealers of their choice in the United States ("Minimum Annual Volume") in the mix outlined on Attachment I “Program Volume” attached hereto and incorporated herein.   ABCR agrees to order for production [REDACTED] of the [REDACTED] Ford Vehicles for production prior to December 12, 2016.  In recognition of this volume commitment, Ford agrees to provide ABCR with enhancements to the announced risk, repurchase and GAV programs as set forth herein.

In consideration of the obligations undertaken by ABCR, Ford shall cooperate with Ford Dealers with whom ABCR negotiates the purchase of Ford Vehicles (consistent with the sales and service agreements between Ford and Ford Dealers) to make reasonable allocations of Ford Vehicles available for resale to ABCR.  ABCR understands and agrees that production loss attributable to (a) shortage or curtailment of material, labor, transportation, or utility service; (b) any labor or production difficulty; (c) any governmental action; and/or (d) any cause beyond the reasonable control of Ford may affect vehicle volumes and may result in lower volume deliveries and/or delays in deliveries.  In any such event(s), Ford shall notify ABCR in a timely fashion and, if applicable, shall provide ABCR with an estimate as to the times(s) of any delays in such deliveries.   

Ford will use commercially reasonable efforts to achieve the mix outlined in Attachment Attachment I “Program Volume” attached hereto and incorporated herein, and ABCR recognizes that the mix could change and that any such changes to the mix shall be changes determined necessary by Ford to accommodate changes to the Ford Vehicle production plans.  ABCR acknowledges and agrees that it is possible that future demand for Ford Vehicles for retail sales in the United States could be at levels that may limit the allocation of such Vehicles available to fleet buyers such as ABCR.  In the event Ford is unable to deliver the Minimum Annual Volume and to the extent such shortfall/delay is not due to causes beyond Ford's reasonable control as set forth above, Ford agrees to work with ABCR to find a commercially reasonable solution. 

Risk Program 
ABCR agrees that of the [REDACTED] Ford Vehicles it purchases during the 2017 Acquisition Year, a mix of approximately [REDACTED] shall be purchased as Ford Risk Vehicles, vehicle mix and incentives are outlined on Attachment I “Program Volume” and on Attachment II & III "Risk Incentives” attached hereto and incorporated herein.    

All Risk Vehicles must be ordered with Fleet Identification Number ("FIN") and option code 56K.  Risk Vehicle incentive payments will be made monthly through the automated competitive allowance payment system.  All Risk Vehicles [REDACTED] with the exception of any equipment changes or reconfigurations that affect the price.  

The 2017 MY vehicles ordered prior to July 1, 2016 will be paid through the 2016 PY automated competitive allowance payment system (this system uses a June 30 cutoff date for vehicles designated as early introduction vehicles).  These Vehicles ordered prior to July 1, 2016 that are part of the 17 PY, are set forth on Attachment IX"Volume Adjustments" attached hereto and incorporated herein.  

Guaranteed Auction Value ("GAV") Program Description and Detail
ABCR agrees that of the [REDACTED] Ford Vehicles it purchases during the 2017 Program Year, approximately [REDACTED] shall be subject to the Ford GAV Program, as outlined on Attachment I “Program Volume” attached hereto and incorporated herein.  

As part of the ABCR GAV Program, Ford agrees to enhance the 2017 Model Repurchase Program with the following items described below.  The ABCR Guaranteed Auction Value Program details are outlined on Attachment IV "GAV Program Detail” and Attachment V "GAV Depreciation Rates" attached hereto and incorporated herein.

As detailed in the 2017 Model Daily Rental Repurchase Program (page 3), the Ford Mustang continues to be the only Ford Vehicle that has a surcharge applied to the monthly depreciation rate based on the month of vehicle acceptance.  Once vehicles are delivered, order code 56Z is not transferable to other programs.  

As outlined on Attachment V "GAV Depreciation Rates" attached hereto and incorporated herein, [REDACTED].  The [REDACTED] which can be claimed within a tier.  If the [REDACTED], the vehicle will be [REDACTED] regardless of days-in-service.

[REDACTED]

Ford and ABCR agree that the terms and conditions of the GAV Program shall be the same as the terms and conditions set forth in the 2017 Model Daily Rental Repurchase Program as amended by this Program Letter, except as follows: 

a.    All references to "Repurchase" or "Repurchase Program" shall be deleted and replaced by "Guaranteed Auction Value," "GAV" or "Guaranteed Auction Value Program."  The terms "Guaranteed Auction Value" and "GAV" shall have the same meaning and shall be used interchangeably.  

b.    The GAV shall be equal to the Repurchase Settlement Amount as defined in the Repurchase Programs and will be paid to ABCR in two separate transactions:  (1) the first payment will consist of Net Auction Proceeds and be paid by the Ford Sponsored Auction to ABCR as directed by ABCR; and (2) the second payment will consist of a GAV Supplement Amount ("GAVSA") to be paid by Ford on the Wednesday of the week following the sale of vehicles at the Ford Sponsored Auction.  The GAVSA shall be determined by calculating the GAV, deducting net auction proceeds and adding the interest reimbursement amount set forth below.

c.    To reimburse ABCR for [REDACTED] held for sale at Ford Sponsored Auctions more than [REDACTED] from Acceptance Date, [REDACTED] will be included in the GAVSA as follows:

		
	•
	[REDACTED] Days    [REDACTED]

		
	•
	[REDACTED] Days    [REDACTED]

		
	•
	[REDACTED] Days    [REDACTED]

		
	d.
	Title to GAV vehicles will remain in the name of ABCR until the auction sale date at which time ABCR will transfer title, or cause title to be transferred, to the purchasing dealer.

		
	e.
	On the [REDACTED] day after the Acceptance Date, vehicles not sold at a Ford Sponsored Auction will be repurchased by Ford and Ford will pay ABCR the Repurchase Settlement Amount set forth in the applicable Ford Repurchase Program for such model year.  In addition to the Repurchase Settlement Amount, Ford will also [REDACTED] set forth herein. 

		
	f.
	Notwithstanding anything to the contrary in the Program Communications, as of the date of this Program Letter, Ford shall be under no obligation to repurchase vehicles except as set forth herein.  

		
	g.
	Except as specifically amended herein, all other terms and conditions in the 2017 Model Daily Rental Repurchase Program remain in effect.  

[REDACTED] Agreement
ABCR agrees that so long as it purchases Ford Vehicles that are subject to Ford's GAV Program and/or Ford's Repurchase Program, at Ford's request, ABCR will enter into [REDACTED] Agreement in which [REDACTED].  Each such agreement will provide that the parties will [REDACTED].

[REDACTED]
		
	•
	[REDACTED]  

		
	•
	[REDACTED]

		
	•
	[REDACTED] are set forth on Attachment VII [REDACTED] attached hereto and incorporated herein. 

		
	•
	Any Ford vehicle tendered for sale/repurchase, and rejected for any reason, [REDACTED]  

		
	•
	Vehicles must be ordered as GAV with order code 56 G or 56 Z.

		
	•
	[REDACTED] VINs must be submitted through Ford's fleet website after January 5, 2017.   

		
	•
	[REDACTED] must be submitted prior to the vehicle exceeding the Maximum-Out-of-Service-Date (MOSD) +180 days.

		
	•
	[REDACTED] submitted prior to the 15th of the month will [REDACTED] at the end of the month; [REDACTED] submitted after the 15th of the month will [REDACTED] at the end of the next month.

		
	•
	[REDACTED] that are made in error can be reversed but will be charged [REDACTED] per annum interest from the claim date to the repayment date.

Post Acceptance Chargeback
		
	•
	If Ford accepts a returned Ford vehicle, the vehicle will not be subject to future chargeback for undetected issues except for oil sludge and title issues.  

[REDACTED]
ABCR and Ford agree that the Minimum Volume represents a significant percentage of the ABCR vehicle rental fleet and that if [REDACTED]

Confidentiality
This Program Agreement, or any part of the contents hereof, and all records, statements and matters relating hereto including information obtained or provided, including information related to Ford’s vehicle cycle plans, future products and related activities, shall be treated as confidential and each of the parties shall take or cause to be taken the same degree of care in preventing disclosure of the Confidential Material as it does with its own confidential trade or business information, including ensuring that any employees, vendors or suppliers that obtain or have access to such Confidential Material also maintain the same level of confidentiality.  Further, except as may otherwise be required by law or by subpoena or civil investigative demand, neither party shall provide the Confidential Material, or any part thereof, to any other person or legal entity, including vendors and suppliers, without the prior written consent of the other, which consent shall not be withheld unreasonably. In disclosing the Confidential Material to any person or legal entity, the disclosing party will impose on the receiving party the same degree of confidentially and care that the parties have undertaken in the first sentence of this Section or, in the case of Confidential Material supplied to any person or governmental agency pursuant to subpoena or civil investigative demand, requirement of the Securities and Exchange Commission or similar request, the disclosing party will seek an appropriate protective order or confidential treatment, and will use its best efforts to assure that the receiving party or entity returns all copies of all the Confidential Material that shall have been furnished to it, promptly after the receiving party or entity shall have completed its required analysis or review of such Confidential Material.

Illegality of Agreement
If any provision of this Program Agreement is rendered invalid, illegal or unenforceable by enactment of a statute or a final decision by a court or governmental agency of competent jurisdiction, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired.

Michigan Law
This Program Agreement shall in all respects be governed by and be construed in accordance with the laws of the State of Michigan without giving effect to the principles of conflicts of laws thereof.  Any litigation regarding this Program Agreement shall be brought only in the United States District Court in Detroit, Michigan.  The parties irrevocably and unconditionally waive any objection to the laying of venue of any such 

litigation in that Court, and agree not to plead or claim that such litigation has been brought in an inconvenient forum.    Neither party shall be liable for any special, incidental, consequential or punitive damages caused by or arising out of any performance or non-performance of this Agreement.  

Failure to Perform due to Strike, etc Excused
Other than as to payment obligations, if the failure of either party to fulfill its obligations within the time periods set forth in this Agreement, arise because of circumstances such as acts of God, acts of government, floods, fires, explosions, accidents, strikes or other labor disturbances, wars, civil insurrection, sabotage, nuclear or environmental disaster or other similar circumstances wholly outside the control of the defaulting Party (collectively, “Force Majeure Event”), then such failure shall be excused hereunder for the duration of such Force Majeure Event.  In the event a Force Majeure Event continues for more than thirty calendar days, or a mutually-recognized significant reduction in air travel occurs, the parties will commence negotiations in an effort to agree on modifications to this Program Agreement permitting both parties to continue without substantial penalty. 

Counterparts
This Program Agreement may be executed in counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same instrument.

Waivers and Extensions
The parties to this Program Agreement may waive any right, breach or default which such party has the right to waive, provided that such waiver will not be effective against the waiving party unless it is in writing, signed by such party, and specifically refers to this Agreement.  Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred.  Any waiver may be conditional.  No waiver of any breach of any agreement or provision will be deemed a waiver of any preceding or succeeding breach thereof or of any other agreement or provision.  No waiver or extension of time for performance of any obligations or acts will be deemed a waiver or extension of the time for performance of any other obligations or acts.

Recap of 2017 PY Attachments
Attachment I         Program Volume
Attachment II        Risk Program 2017 MY
Attachment III        Risk Program 2018 MY
Attachment IV        GAV Program Detail
Attachment V        GAV Depreciation Rates
Attachment VI        GAV Specification Requirements
Attachment VII        [REDACTED]
Attachment VIII        Program Reconciliation
Attachment IX        Volume Adjustments
Attachment X        Production Plan

Notices
Any notice, consent, approval or other communication required or permitted hereunder shall be in writing, shall be transmitted given by registered or certified United States Mail or by express mail courier service, and shall be deemed given when deposited in the mail, postage prepaid and addressed as follows:

Ford Motor Company, Regent Court Building
16800 Executive Plaza Drive
Dearborn, MI  48126
Attention: Rental Manager, Rental, Lease and Remarketing Operations

Please concur by signing below signifying ABCR's acceptance of the 2017 Program Letter.  By executing this Annual Program Letter ABCR certifies that Ford's Fleet Program [REDACTED].

                            

                            
	
				
	 
	 
	Sincerely,

	 
	 
	/s/ Susan Kizoff

	 
	 
	Susan Kizoff, Rental Manager

	 
	 
	 
	 

	Ford Motor Company:

	 
	 
	 

	/s/ Mark LaNeve
	 
	 
	 

	Mark LaNeve, VP Marketing Sales and Service
	 
	Date
	 

	 
	 
	 
	 

	Agreed:
	 
	 
	 

	 
	 
	 
	 

	Avis Budget Car Rental, LLC
	 
	 
	 

	/s/ Mike Schmidt
	 
	8/26/16
	 

	Mike Schmidt, Senior Vice-President – Fleet Services
	 
	Date
	 

	 
	 
	 
	 

	 
	 
	 
	 

        

                                                                          Attachment I

    	
																	
	 
	 

	Ford Motor Company / Avis Budget Car Rental
	 

	2017 PROGRAM YEAR
	 

	PROGRAM VOLUME
	 

	 
	 
	 

	 
	 
	PROGRAM
	 
	RISK
	 
	TOTAL VOLUME by MY
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	Memo:

	 
	 
	 
	Ford
	 
	 
	 
	Ford
	 
	 
	 
	Ford
	 
	 
	 
	Cum Dec.

	 
	 
	 
	GAV
	 
	 
	 
	RISK
	 
	 
	 
	Total
	 
	 
	 
	Delivery

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fiesta
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Focus
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fusion  Gas
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fusion Hybrid
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Mustang  Coupe
	 
	 
	[REDACTED]
	 
	 
	 
	[REDACTED]
	 
	 
	 
	[REDACTED]
	 
	 
	 
	[REDACTED]

	Mustang  Conv
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Taurus
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Edge
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Flex
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Escape
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Explorer
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fseries (F150-F250)
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Transit Wagon
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MKZ
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Continental
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MKX
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MKT   TownCar
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Navigator
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Total
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Current Mix/Remaining volume
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Attachment II

    	
														
	Ford Motor Company / Avis Budget Car Rental

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2017 Program Year / 2017 MY Vehicles

	 
	 

	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Risk Program a/
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Incentive Components
	 

	 
	 
	Total
	 
	Series
	Option
	Equipment
	Total
	 
	Off
	 
	FIMPS
	 

	 
	17 Model Year Vehicles & Minimum Specs
	Volume
	 
	 
	Code
	Code
	Group
	Incentive
	 
	Invoice
	 
	Payment
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	FORD CAR & TRUCK
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	200A
	 
	 
	 
	 
	 
	 

	 
	                [REDACTED] 
	 
	 
	 
	 
	 
	250A
	 [REDACTED]
	 

	 
	 
	 
	 
	 
	 
	 
	250A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	997
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	999
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	13B
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	99U
	600A
	 
	 
	 
	 
	 
	 

Attachment II

	
														
	 
	 
	 
	 
	 
	 
	99U
	602A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	400A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	400A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	301A
	 
	 
	 
	 
	 
	 

	 
	[REDACTED] 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	300A
	[REDACTED]
	 

	 
	 
	 
	 
	 
	 
	 
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	51T
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	999
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	999
	200A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	999
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	999
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	43M
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	998
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	998
	300A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	400A
	 
	 
	 
	 
	 
	 

Attachment II

	
														
	 
	 
	 
	 
	 
	 
	439
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	202A
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	

[REDACTED]
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	59N
	 
	 

	 
	[REDACTED] 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	302A
	 

	 
	 
	 
	 
	 
	 
	 
	302A
	 

	 
	 
	 
	 
	 
	 
	50N
	 
	 

	 
	 
	 
	 
	 
	 
	53A
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	302A
	 

	 
	 
	 
	 
	 
	 
	765
	302A
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	LINCOLN
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	300A
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	100A
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	[REDACTED]
	 
	102A
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	200A
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	43M
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	
																
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a/  Risk Vehicles ordered with 56K will be [REDACTED]
	 
	 

Attachment III

	
													
	

Ford Motor Company / Avis Budget Car Rental

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2017 Program Year / 2018 MY Vehicles a/

	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Risk Program

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	Planned
	 
	 
	 
	Incentive Components

	 
	 
	 
	Total
	Series
	Option
	Equipment
	Total
	 
	Off
	 
	FIMPS

	 
	18 Model Year Vehicles & Minimum Specs
	 
	Volume
	Code
	Code
	Group
	Incentive
	 
	Invoice
	 
	Payment

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	FORD CAR & TRUCK
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a/ Reserved for 18MY vehicles within the 17 Program
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

        

Attachment IV

	
																												
	               

	Ford Motor Company / Avis Budget Car Rental
2017 Program Year 

	GAV PROGRAM DETAIL

	 

	DAYS-IN-SERVICE PROGRAM DETAILS

	 
	 
	[REDACTED]
	[REDACTED]
	[REDACTED]
	[REDACTED]
	[REDACTED]
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	In-Service & Ordering Requirements
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Months-In-Service
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Days in Service
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	[REDACTED]
	 
	 
	 
	 
	 
	 

	 
	GAV Order Code
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	[REDACTED]
	a/
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Volume, Depreciation and Vehicle Lines
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Depreciation Rates
	 
	 
	 
	See GAV Rates Att V

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Depreciation Return Surcharge
	b/
	 
	 
	Mustang Only
	 
	Mustang Only
	 
	Mustang Only
	 
	 
	 
	N/A

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	4th Quarter Production (Cum-Dec)
	c/
	 
	 
	[REDACTED]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Return Restrictions
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	No Acceptance Dates
	 
	 
	 
	Good Friday, Memorial Day, July 4th, Labor Day, Thanksgiving Thursday & Friday, and 12-23-16 thru 1-02-17
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Max OSD 180 Day Extension
	 
	 
	 
	N/A
	 
	N/A
	 
	$15/day + deprec.
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Mileage
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Attachment IV

	
																												
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Transit Wagon / Flex
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	[REDACTED]
	d/
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	[REDACTED]
	 
	 
	 
	 
	 

	 
	All Other Vehicles
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Excess Mileage Penalty
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED]
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Eligibility
	 
	 
	 
	Eligible (not to exceed 10% by vehicle line)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	[REDACTED]
	 
	 
	 
	[REDACTED]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Maximum Claim Date
	 
	 
	 
	Maximum-Out-of-Service-Date (MOSD) + 180 days

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Turn In Standards
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Deductible
	 
	 
	 
	$500

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Express Sign-Off
	 
	 
	 
	$100

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	All other Standards and Procedures
	 
	 
	 
	As published in the 2017  Program Year Daily Rental Repurchase Program Announcement

	- - - - -
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	a/
	[REDACTED]:  Defined on Att V;  All vehicle lines have a defined [REDACTED] is exceeded vehicle will be charged minimum days [REDACTED]- which may exceed Actual Days In Service. 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	b/
	Mustang return surcharge applies as outlined in 2017 Model Daily Rental Repurchase Program  (page 3)
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	c/
	4th quarter production must be prioritized for production no later than December 10, 2016
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	d/
	[REDACTED]

Attachment V

	
																		
	Ford Motor Company / Avis Budget Car Rental

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2017 Program Year

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	GAV DEPRECIATION RATES

	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 2017 GAV RATES [REDACTED]   a/ b/
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Mthly Depreciation Rates
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Months In Service                MIS
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Days In Service                    DIS
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED] by vehicle line DNE
	c/
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fiesta
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Focus
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED] by vehicle line DNE
	c/
	 
	 
	[REDACTED]

	 

	Fusion
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Fusion  Hybrid
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Mustang Fastback
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Mustang Convertible
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Taurus
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Escape
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Attachment V

	
																		
	[REDACTED] by vehicle line DNE
	c/
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Edge
	 
	 
	 
	 
	[REDACTED]
	 
	 
	 
	 
	 

	Flex
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Explorer
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Expedition
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Transit Wagon
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Navigator
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MKX
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Continental
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED] by vehicle line DNE
	c/
	 
	 
	 
	 
	 
	 
	 
	 

	MKT Town Car
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED] by vehicle line DNE
	c/
	 
	 
	 
	 
	 
	 
	 
	 

	F150 Super Crew
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	- - - - -
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	
		
	a/
	2017 MY vehicles.  2018 MY vehicles are not included and will be addressed if required

	 

	b/
	GAV vehicles are price protected to the level in effect at the date of order receipt

	 

	c/
	[REDACTED] Calculation is determined by total repurchase by vehicle line by MY.    [REDACTED] has been exhausted vehicles returned will charge [REDACTED] and chargeable days will be determined by Minimum-Months-In-Service or Actual-days whichever is greater. [REDACTED] is not fully utilized that available % will "roll over" to [REDACTED].

      Attachment VI

	
				
	

AVIS BUDGET  2017 FORD DAILY RENTAL REPURCHASE PROGRAM

	 
	 
	 
	 

	 
	 
	 
	 

	•         Percentages listed are the minimum mandatory monthly (not yearly) requirement for each option or package for each vehicle line. 

	•         No equipment deletions are allowed from the minimum package/array; option equipment listed is required.

	•         Upgrades in vehicle series and/or optional equipment are acceptable.

	•         Certain interior/exterior color combinations will not be available for ordering.

	 
	 
	 
	 

	Ford Vehicles

	 
	 
	 
	 

	2017MY Fiesta
	 
	2017MY Focus

	Requires 50% Titanium
	 
	Requires 50% mix of 5-Door Titanium series.

	SE Appearance 4-Door Sedan (P4B/201A) – 25%
	 
	 

	•    Automatic Transmission (44A)
	 
	Sedan Titanium (P3J/300A)  - 50%

	•    SE Appearance Package (201A)
	 
	•    Voice-Activated Touchscreen Navigation (58K)

	 
	 
	 

	SE Appearance 5-Door Hatch (P4E/201A) – 25%
	 
	 

	•    Automatic Transmission (44A)
	 
	5-Door Titanium (P3N/300A) - 50% 

	•    SE Appearance Package (201A)
	 
	•    Voice-Activated Touchscreen Navigation (58K)

	 
	 
	 

	Titanium 4-Door Sedan (P4C/300A) – 25%
	 
	 

	•    Automatic Transmission (44A)
	 
	 

	•    Moonroof (13R)
	 
	 

	•    Voice-Activated Touchscreen Navigation (58V)
	 
	 

	 
	 
	 

	Titanium 5-Door Hatch (P4F/300A) – 25%
	 
	 

	•    Automatic Transmission (44A)
	 
	 

	•    Moonroof (13R)
	 
	 

	•    Voice-Activated Touchscreen Navigation (58V)
	 
	 

	 
	 
	 

	17MY Fusion
	 
	17MY Fusion Hybrid

	 
	 
	Requires minimum 60% mix of Titanium series.

	SE FWD 1.5L EcoBoost (P0H/202A) – 50%
	 
	SE Hybrid (P0L/600A) – 40%

	•    1.5L EcoBoost Engine w/6-Speed Automatic Transmission
	 
	•      SE Technology Package (14L)

	with SelectShift (99D/44W)
	 
	 

	•    Equipment Group 202A – SE Luxury Package
	 
	Titanium Hybrid (P0R/700A) – 60%

	 
	 
	•      Moonroof w/ Universal Garage Door Opener (13B) – 50%

	Titanium FWD (P0K/300A) – 50%
	 
	 

	•    2.0L EcoBoost Engine w/Automatic Transmission (999/44W)
	 
	 

	•    Moonroof with Universal Garage Door Opener (13B) - 50%
	 
	 

	 
	 
	 

      Attachment VI

	
			
	17MY Mustang Coupe
	 
	17MY Mustang Convertible

	Requires minimum 75% mix of Premium series.
	 
	 

	 
	 
	EcoBoost Convertible Premium (P8U/200A)

	V6 Coupe (P8A/050A) 
	 
	•    2.3L EcoBoost Engine (99H)

	•    3.7L 4V Ti-VCT V6 Engine (99M)
	 
	•    Automatic Transmission (443)

	•    Automatic Transmission (443)
	 
	•    Spare Wheel and Tire (66W)

	•    Spare Wheel and Tire (66W)
	 
	•    Voice-Activated Navigation System (91N)

	 
	 
	 

	EcoBoost Coupe Premium (P8T/200A) – 75% Minimum
	 
	 

	•    2.3L EcoBoost Engine (99H)
	 
	 

	•    Automatic Transmission (443)
	 
	 

	•    Spare Wheel and Tire (66W)
	 
	 

	•    Voice-Activated Navigation System (91N)
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	17MY Taurus

	 
	 
	Limited FWD (P2F/301A) or AWD (P2J/301A)

	 
	 
	•    3.5L Ti-VCT V6 (998)

	 
	 
	•    Navigation (20N)

	 
	 
	•    Power Moonroof (439) - 50%

	 
	 
	 

	
			
	17MY Escape
	 
	17MY Edge

	Requires minimum 50% mix of Titanium series.
	 
	Requires minimum 40% mix of Titanium series.

	SE 4x2 (U0G/201A) or 4WD (U9G/201A)
	 
	 

	Requires Equipment Group 201A
	 
	SEL FWD (K3J/201A) or AWD (K4J/201A)

	•  Equipment Group 201A - Convenience Package
	 
	•    Equipment Group 201A

	•  1.5L EcoBoost Engine (99D)
	 
	•    3.5L Ti-VCT V6 Engine (998/44J)

	 
	 
	 

	Titanium – 50% Minimum
	 
	Titanium FWD (K3K/300A) or AWD (K4K/300A) – 40% Min

	•  4x2 (U0J/300A) or 4WD (U9J/300A)
	 
	•    2.0L I-4 EcoBoost Engine (standard) (999/446)

	»  2.0L  EcoBoost Engine (999)
	 
	•    Technology Package (51T)

	    »  Navigation (582)
	 
	•    Roof Rack Side Rails (68S) – 50%

	    »  Power Panorama Roof (43M) – 50%
	 
	•    Panoramic Vista Roof (43P) – 50%

	 
	 
	 

	17MY Expedition
	 
	17MY Explorer

	Expedition EL not to exceed 65% in 16 CY; 17 CY TBD
	 
	Requires Equipment Group 202A

	Requires Equipment Group 202A.
	 
	XLT FWD (K7D/202A) or AWD (K8D/202A)

	XLT 4x2 (U1H/202A or K1H/202A) or 4x4 (U1J/202A or K1J/202A)
	 
	•    Equipment Group 202A

	•    Equipment Group 202A
	 
	•    Dual Panel Moonroof (439) – 50%

	•    Voice-Activated Navigation System (59N)
	 
	•    Hands-free Liftgate (18P)

	•    Power Moonroof (43M) - 50%
	 
	•   Technology Feature Bundle (65T)

      Attachment VI

	
			
	 
	 
	 

	 
	 
	 

	17MY Flex
	 
	17MY F-150

	Requires mix of 50% SEL series and 50% Limited series.
	 
	Super Crew XLT 4x2 (W1C/302A)

	 
	 
	•    Equipment Group 302A

	SEL FWD (K5C/202A) or AWD (K6C/202A) – 50%
	 
	•    3.5L V6 Ti-VCT Engine w/ 6-Speed Auto Trans (998/446)

	•    Equipment Group 202A
	 
	•    Bed Liner - Spray-in (96W)  50%

	•    Roof Rack Side Rails (68B) – 50%
	 
	•    Bed Liner - Drop in (96P)  50%

	 
	 
	•    Trailer Tow Package (53A)

	 
	 
	•    Twin Panel Moonroof (43V) - 25%

	Limited FWD (K5D/300A) or AWD (K6D/300A) – 50% 
	 
	 

	•    Roof Rack Side Rails (68B) – 50%
	 
	Super Crew XLT 4x4 (W1E/302A)

	•    Multipanel Vista Roof (43P) – 50%
	 
	•    Equipment Group 302A

	 
	 
	•    3.5L V6 EcoBoost Engine w/ 10-Speed Auto Trans (99G/44G)

	 
	 
	•    Bed Liner - Spray-in (96W)

	 
	 
	•    Trailer Tow Package (53A)

	 
	 
	•    Twin Panel Moonroof (43V) - 25%

	 
	 
	 

	 
	 
	17MY Transit Wagon

	 
	 
	XLT Wagon (302A)

	 
	 
	Any roof height (K1Z, K1Y, X2Z, X2Y, K1C, X2C, X2X, U4X)

	 
	 
	•    Reverse Sensing System (43R)

	 
	 
	•    Privacy Tint (All Around) incl. Rear-Window Defogger (92E)

	 
	 
	•    Running Board required:

	 
	 
	     •    Running Board (68H) - 50%

	 
	 
	     •    Power Running Board (68L) - 50%

	 
	 
	•    SYNC Package 21 (58X)

	 
	 
	•    Styled aluminum alloy wheels (64S) (except U4X)

	 
	 
	note seating option codes:

	 
	 
	•    12 Passenger Seating (no option code required)

	 
	 
	•    15 Passenger Seating choose option code 765

	 
	 
	•    10 Passenger Seating choose option code 761

	 
	 
	Not Available:

	 
	 
	•    Vinyl Floor (16E)

	 
	 
	 

      Attachment VI

	
			
	Lincoln Vehicles

	17MY MKZ
	 
	17MY Navigator / Navigator L

	Requires minimum 50% Moonroof
	 
	 

	MKZ FWD (L5E/300A)
	 
	Navigator 4x2 (J2H/200A) or 4x4 (J2J/200A); Navigator L 4X2

	•    2.0L Ti-VCT I4 Engine (44W)
	 
	(J3H/200A) or 4X4 (J3J/200A)

	•    Equipment Group 300A – Reserve Package
	 
	•    Power Moonroof (43M) – 50%

	•    Single Panel Moonroof (13B) - 50%
	 
	 

	 
	 
	 

	
			
	 
	 
	17MY Continental

	17MY MKX
	 
	Continental Reserve FWD (L9R/300A) or AWD (L9N/300A)

	MKX Reserve FWD (J6L/102A) or AWD (J8L/102A)
	 
	•    Continental Technology Package (63A)

	 
	 
	•    Twin Panel Moonroof (43W) - 50%

	•    Equipment Group 102A - Reserve Package
	 
	 

	•    Technology Package (65T)
	 
	 

	•    Climate Package (51C)
	 
	17MY MKT Town Car

	 
	 
	MKT Town Car (J5N/500A)

	 
	 
	•    3.7L V6 Engine (99K)

	 
	 
	•    Tuxedo Black Metallic Paint (UH)

	 
	 
	•    Charcoal Black Leather Interior (7W)

	 
	 
	 

                 Attachment VII

	
												
	Ford Motor Company / Avis Budget Car Rental

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2017 Program Year

	 
	 
	 

	[REDACTED]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	[REDACTED]
	 
	[REDACTED]

	 
	Eligible Vehicles c/
	 
	Amount
	Model
	Series
	Group
	 
	Amount
	Model
	Series
	Group /Option

	 
	 
	 
	[REDACTED]

	 
	Fiesta
	 

	 
	Focus
	 

	 
	Fusion
	 

	 
	Fusion Hybrid
	 

	 
	Mustang Fastback
	 

	 
	Mustang Convertible
	 

	 
	Taurus
	 

	 
	Edge
	 

	 
	Flex
	 

	 
	Escape
	 

	 
	Explorer
	 

	 
	Expedition & EL
	 

	 
	F-Series
	 

	 
	Transit -- Wagon
	 

	 
	 
	 

	 
	LINCOLNS
	 

                 Attachment VII

	
												
	 
	Continental
	 
	[REDACTED]

	 
	MKX
	 

	 
	MKT Town Car
	 

	 
	Navigator &  L
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	a/
	Vehicle must be an eligible GAV vehicle for [REDACTED].  If payment is made the vehicle is ineligible for future GAV return.
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	b/
	MOSD for claiming [REDACTED]:   MOSD + 180 Days
	 
	 

	 
	[REDACTED] of any one vehicle line repurchase volume
	 
	 
	 

	 
	 
	 
	 

	c/
	[REDACTED] apply to 2017 MY in the 17 PY; 2018 MY vehicles are not included and will be addressed if required
	 

         Attachment VIII

	
								
	Ford Motor Company / Avis Budget Car Rental

	 
	 
	 
	 
	 
	 
	 
	 

	2017 PROGRAM YEAR (ordered prior to 7/1/16)

	PROGRAM  RECONCILIATION   a/

	 

	 

	 
	 
	 
	 
	 
	 
	 
	 

	Vehicle Line/ Series  c/
	 
	Start Date
	Vehicle Counts
	 
	Incentive Impact y-o-y

	 
	 
	 
	 
	 
	 
	 
	b/

	 
	 
	 
	Risk
	 
	2016 PY
	2017 PY
	17 h/(L) 16

	Fusion 17 Model Year
	 
	[REDACTED]

 

	P0H SE w/ 2.5 Ti-VCT
	 

	P0K Titanium  w/ 2.0L EcoBoost
	 

	Total Fusion
	 

	 
	 

	Escape 17 Model Year
	 

	U0G Escape SE FWD 2.0L
	 

	U9G Escape SE AWD 2.0L
	 

	U0J Escape Titanium  FWD 2.0L
	 

	U9J Escape Titanium  AWD 2.0L
	 

	Total Escape
	 

	 
	 

	and Total
	 

	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	a/  Fusion and Escape require reconciliation as shown above.  This Reconciliation addresses 17 MY Risk vehicles that were part of both the 16 PY and 17 PY and ordered prior to July 1, 2016.

	 
	 
	 
	 
	 
	 
	 
	 

	b/  Reconciliation payment will be paid through [REDACTED].
	 

	 
	 
	 
	 
	 
	 
	 
	 

	c/  Any other 2017 MY vehicle ordered prior to 7/1/2016, other than the vehicle lines noted above,  will be paid under the 2016 Program as a 17 PY with the appropriate incentive and requires no reconciliation.

Attachment IX

	
																									
	2017 Program Year

	Avis Budget Car Rental / Ford Motor Company

	VOLUME ADJUSTMENTS

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	A
	B
	 
	 
	ADJUSTMENTS
	 
	 
	C
	 

	 
	 
	 
	Early Orders #'s Prior
	16
	Full
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	07/01/2016
	CY
	PY
	 
	 
	 
	 
	 
	 
	 
	TOTAL
	Program
	 

	FULL PROGRAM YEAR
	 
	Start Date
	Program
	Risk
	Total
	Total
	Base
	 
	 
	 
	 
	 
	 
	 
	VOLUME
	End Date
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	FIESTA
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	FOCUS
	 
	 
	[REDACTED]

	 
	 
	[REDACTED]
	 
	 
	 

	FUSION
	 
	 
	 
	 
	 
	 
	 

	FUSION HYBRID
	 
	 
	 
	 
	 
	 
	 

	MUSTANG COUPE
	 
	 
	 
	 
	 
	 
	 

	MUSTANG CONV
	 
	 
	[REDACTED]
	[REDACTED]
	 
	 
	 

	TAURUS
	 
	 
	 
	 
	 
	 
	 

	EDGE
	 
	 
	 
	 
	[REDACTED]
	[REDACTED]
	 

	FLEX
	 
	[REDACTED]
	 
	 
	 
	 
	 

	ESCAPE
	 
	 
	 
	 
	 
	 
	 

	EXPLORER
	 
	 
	 
	 
	 
	 
	 

	EXPEDITION
	 
	 
	 
	 
	 
	 
	 

	Fseries (F150-F250)
	 
	 
	 
	 
	 
	 
	 

	TRANSIT WAGON
	 
	 
	 
	 
	 
	 
	 

	ECONOLINE CUTAWAY
	 
	 
	 
	 
	 
	 
	 

	MKZ
	 
	 
	 
	 
	 
	 
	 

	CONTINENTAL
	 
	 
	 
	 
	 
	 
	 

	MKX
	 
	 
	 
	 
	 
	 
	 

	MKT
	 
	 
	 
	 
	 
	 
	 

	NAVIGATOR
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Grand Total
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	NOTES:
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	A/    Start Date for 2017MY Vehicles that are in both the 16PY and 17PY due to "early job one date";
	 
	 

	B/    Volume add to the Ford Weekly reports to equal full Program Year orders (ordered prior to 7/1/16)
	 
	 

	C/    End Dates to be determined if required
	 
	 

                 Attachment X

	
																							
	 
	 
	Preliminary
	June Delivery
	July Delivery
	August Delivery
	Sept Delivery
	October Delivery
	November Delivery

	2016
	 
	December
	Cum June production
	August Production
	Sept Production
	October Production

	Job 1
	Veh Line
	Delivery
	E4
	F1
	F2
	F3
	F4
	F5
	H1
	H2
	H3
	H4
	H5
	J1
	J2
	J3
	J4
	K1
	K2
	K3
	K4

	 
	 
	Target
	23-May
	30-May
	06-Jun
	13-Jun
	20-Jun
	27-Jun
	01-Aug
	08-Aug
	15-Aug
	22-Aug
	29-Aug
	05-Sep
	12-Sep
	19-Sep
	26-Sep
	03-Oct
	10-Oct
	17-Oct
	24-Oct

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	11/28/16
	Fiesta
	[REDACTED]

	 
	 

	11/14/16
	Focus

	 
	 

	04/10/2016
	Fusion Gas

	 
	 

	04/10/2016
	Fusion Hybrid

	 
	 

	6/6/16
	MSTG Coupe

	 
	 

	6/6/16
	MSTG Conv

	 
	 

	11/14/16
	Taurus

	 
	 

	10/24/2016
	Edge

	 
	 

	11/7/16
	Flex

	 
	 

	4/6/16
	Escape

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

                 Attachment X

	
											
	November Delivery
	December Delivery
	Total
	Total

	November Production
	December Production
	Program
	Cum

	L1
	L2
	L3
	L4
	L5
	M1
	M2
	M3
	 
	Volume
	Dec

	31-Oct
	07-Nov
	14-Nov
	21-Nov
	28-Nov
	05-Dec
	12-Dec
	19-Dec
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

                 Attachment X

	
																						
	 
	 
	Preliminary
	June Delivery
	July Delivery
	August Delivery
	Sept Delivery
	October Delivery
	November Delivery

	2016
	 
	December
	Cum June production
	August Production
	Sept Production
	October Production

	Job 1
	Veh Line
	Delivery
	E4
	F1
	F2
	F3
	F4
	F5
	H1
	H2
	H3
	H4
	H5
	J1
	J2
	J3
	J4
	K1
	K2
	K3
	K4

	 
	 
	Target
	23-May
	30-May
	06-Jun
	13-Jun
	20-Jun
	27-Jun
	01-Aug
	08-Aug
	15-Aug
	22-Aug
	29-Aug
	05-Sep
	12-Sep
	19-Sep
	26-Sep
	03-Oct
	10-Oct
	17-Oct
	24-Oct

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	6/20/16
	Explorer
	[REDACTED]

	 
	 

	5/23/16
	Expedition

	 
	DNE 40% EL

	10/24/16
	F-Series

	 
	 

	8/28/16
	Transit 12 Pass

	 
	Transit 15 Pass

	 
	Transit 10 Pass

	 
	 

	4/18/16
	MKZ

	 
	 

	8/12/16
	Continental

	 
	 

	10/24/16
	MKX

	 
	 

	4/6/15
	MKC

	 
	 

	11/7/16
	MKT/TC

	 
	 

	5/23/16
	Navigator

	 
	 

	 
	 

	 
	Total

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Monthly Production
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

                 Attachment X

	
											
	November Delivery
	December Delivery
	Total
	Total

	November Production
	December Production
	Program
	Cum

	L1
	L2
	L3
	L4
	L5
	M1
	M2
	M3
	Volume
	Dec
	 

	31-Oct
	07-Nov
	14-Nov
	21-Nov
	28-Nov
	05-Dec
	12-Dec
	19-Dec
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	[REDACTED]

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