Document:

Amendment No. 5 to Loan and Servicing Agreement

 Exhibit 10.2 
 Confidential information in this Amendment No. 5 to Loan and Servicing Agreement has been omitted and 
 filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. 
 AMENDMENT NO. 5 TO 
 LOAN AND SERVICING AGREEMENT 

This AMENDMENT NO. 5 TO LOAN AND SERVICING AGREEMENT, dated as of September 19, 2011 (this “Amendment”), is
executed by and among DT WAREHOUSE III, LLC, a Delaware limited liability company (together with its successors and assigns, the “Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (in such
capacity, the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer, Paying Agent and Securities Intermediary (“Paying Agent”), and UBS REAL ESTATE SECURITIES INC.,
as Program Agent for the Conduit Lenders and the Committed Lenders (“Program Agent”) and as sole Managing Agent and sole Commitment Lender. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed
thereto in the “Loan and Servicing Agreement” (defined below). 
 WITNESSETH: 

WHEREAS, the Borrower, the Servicer, the Program Agent, the Paying Agent, the Commercial Paper Conduits from time to time party thereto,
and the Financial Institutions from time to time party thereto entered into that certain Loan and Servicing Agreement dated as of April 1, 2010, as amended by Amendment No. 1 dated as of July 28, 2010, by Amendment No. 2 dated as
of March 31, 2011, by Amendment No. 3 dated as of April 10, 2011 and by Amendment No. 4 dated as of April 15, 2011 (the “Loan and Servicing Agreement”); 

WHEREAS, as provided herein, the parties hereto have agreed to amend certain provisions of the Loan and Servicing Agreement as described
below; 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the conditions precedent and subsequent set forth in Section 2
hereof, the Loan and Servicing Agreement is hereby amended as follows: 
 1.1 The definitions of “Charged-Off Losses
Ratio”, “Delinquency Measurement Ratio”, “DTCS”, “Overconcentration Amount” and “Permitted State”, set forth in Section 1.01 of the Loan and Servicing Agreement are hereby amended and restated as
follows: 
 “Charged-Off Losses Ratio” means, with respect to any Accounting Period
(i) with respect to the Pledged Contracts, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of such Pledged Contracts which became Charged-Off Contracts during such Accounting Period, minus the
aggregate of amounts received by the Servicer during such Accounting Period and applied to any Pledged Contract which is a Charged-Off Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance
of all Pledged Contracts as of the end of such Accounting Period, or (ii) with respect to the Managed Portfolio Contracts, the percentage equivalent of a fraction, the numerator of which is the

 
aggregate Principal Balance of the Managed Portfolio Contracts which became Charged-Off Contracts during such Accounting Period, minus the aggregate of amounts received by the Servicer during
such Accounting Period and applied to any such Managed Portfolio Contract which is a Charged-Off Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance of all Managed Portfolio Contracts as
of the end of such Accounting Period. 
 “Delinquency Measurement Ratio” means, as of any
Measurement Date, (a) with respect to the Pledged Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of the Pledged Contracts which are Delinquency Measurement Contracts as of such Measurement Date, divided by
(ii) the aggregate Principal Balance of all Pledged Contracts as of such Measurement Date, or (b) with respect to the Managed Portfolio Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of all of the
Managed Portfolio Contracts which are Delinquency Measurement Contracts as of such Measurement Date, divided by (ii) the aggregate Principal Balance of all Managed Portfolio Contracts as of such Measurement Date 

“DTCS” means DriveTime Car Sales Company, LLC, an Arizona limited liability company, together with its
successors and each wholly-owned subsidiary of DriveTime Car Sales Company, LLC, created for the purpose of originating Contracts. 
 “Overconcentration Amount” means, at any time, the sum of (i) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract
Debtor is rated “D+”, “D” or “D-” pursuant to the Credit and Collection Policy exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (ii) the amount, if any,
by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “C-”, “D+”, “D” or “D-” pursuant to the Credit and Collection Policy exceeds the product of
12.50% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iii) the amount, if any, by which the aggregate Principal Balances of all Eligible Contracts as to which the Contract Debtors have an address in a
particular State (other than Texas or Florida) exceeds the product of 15% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (iv) the amount, if any, by which the aggregate Principal Balances of all Eligible
Contracts as to which the Contract Debtors have an address in Texas exceeds the product of 30% and the aggregate Principal Balances of all Eligible Contracts at such time, plus (v) the amount, if any, by which the aggregate Principal Balances
of all Eligible Contracts as to which the Contract Debtors have an address in Florida exceeds the product of 22.5% and the aggregate Principal Balances of all Eligible Contracts at such time plus (vi) the amount by which the aggregate Principal
Balances of all Eligible Contracts as to which all or part in excess of 10.00% of any Scheduled Payment is 31 or more but less than 61 days delinquent exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at
such time plus (vii) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product of 5.00% and the aggregate Principal Balances
of all Eligible Contracts at such time. 

 “Permitted State” means each of Arizona, Nevada,
California, New Mexico, Texas, Florida, Georgia, Virginia, North Carolina, Colorado, Oklahoma, South Carolina, Tennessee, Alabama, Mississippi, Ohio, Kentucky, Arkansas, Missouri and Indiana and such other states as may be approved by the Program
Agent in writing from time to time (such approval not to be unreasonably withheld). 
 1.2 The definition of “Eligible
Contract” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting clauses (g), (i) and (uu) thereof and substituting, in lieu thereof, respectively, the following: 

(g) which is not (i) a Charged-off Contract, (ii) a Contract for which the Contract Debtor is a party to a
proceeding under any Debtor Relief Law which arose after the creation of such Contract (other than as a creditor or claimant), (iii) a Contract for which the Amount Financed was in excess of $30,000, or (iv) a Contract that (A) was
previously a Pledged Contract and (B) was previously transferred by the Borrower in connection with a Contract Disposition Transaction and, at the time of such Contract Disposition Transaction, was a Delinquency Measurement Contract;
provided that notwithstanding the foregoing, a Contract of the type described in this clause (iv) may become an Eligible Contract if it otherwise satisfies the definition thereof upon the earlier of (x) the date after such Contract
Disposition Transaction on which such Contract is not a Delinquency Measurement Contract and the related Contract Debtor has made at least four (4) Scheduled Payments thereunder and (y) the date on which such Contract was not a Delinquency
Measurement Contract for three (3) consecutive Accounting Periods; 
 (i) which (i) has an original
term to maturity that is not less than twelve (12) months and does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Program Agent, provided that (x) for Receivables
as to which the Contract Debtor is rated “B” the original term to maturity is not less than twelve (12) months and does not exceed sixty-eight (68) months and (y) for Receivables as to which the Contract Debtor is rated
“A” the original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) the Schedule of Payments has equal periodic payments except for payments due during the first 90 days of
the term of such Contract, and except for the final payment which may be less than the other equal payments, and the payment obligation is in United States dollars, and (iii) does not cause the weighted average (based on Principal Balances of
the applicable Eligible Contracts) original term to maturity of all Eligible Contracts that are Pledged Contracts to exceed sixty-two (62) months; provided that the Pledged Contracts rendered ineligible solely pursuant to the foregoing
clause (iii) shall be selected by the Borrower from the Pledged Contracts with the longest original term to maturity and only with Principal Balances required to reduce such weighted average original term to maturity of all Eligible Contracts
that are Pledged Contracts to or below sixty-two (62) months; provided that any such ineligible Pledged Contract may be subsequently designated by the Borrower as an “Eligible Contract” if the eligibility of such Pledged
Contract would not cause such weighted average original term to maturity of all Pledged Contracts to exceed sixty-two (62) months. 

 (uu) with respect to which the scheduled payments under the Contract are due
at least monthly in level payments through its maturity date sufficient to fully amortize the principal balance of such Contract by its maturity date, assuming timely payment by Obligors on simple interest Contracts, except that the payment in the
first or last month of the life of the Contract may be minimally different from the level payment. 
 1.3 Section 1.01 of
the Loan and Servicing Agreement is hereby amended by adding the following definitions to Section 1.01: 

“Excluded Taxes” means (a) taxes imposed on or measured by net income (however denominated),
franchise or gross revenue taxes imposed in lieu of net income taxes imposed, by the United States (or any political subdivision thereof), or any other jurisdiction (or any political subdivision thereof), as a result of the recipient being organized
in, doing business in, or having its principal office or applicable lending office located in such jurisdiction; (b) any United States withholding tax imposed pursuant to any branch profits taxes imposed by the United States or any similar
taxes imposed by any other jurisdiction in which the Borrower is located; (c) any United States withholding tax imposed by reason of an Affected Party’s failure to provide to Borrower the documents set forth in Section 2.13(c), to
maintain or update such documents, or to provide any other documents, such that Borrower is required to withhold United States withholding tax; (d) any United States federal withholding taxes that would be imposed on amounts payable to an
Affected Party that is not a United States person within the meaning of Code Section 7701(a)(30) based upon the applicable withholding rate in effect at the time such Affected Person becomes a party to the Agreement (or designates a new lending
office); and (e) any taxes imposed pursuant to or as a result of FATCA. 
 “FATCA” means
Sections 1471 through 1474 of the Code and any applicable Treasury regulation promulgated thereunder or published administrative guidance implementing such Sections whether in existence on the date hereof or promulgated or published hereafter.

 “Taxes” means any and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto other than Excluded Taxes. 
 1.4 Section 1.01 of the Loan and
Servicing Agreement is hereby amended by deleting the definition of “Ineligible Securitization Contract”. 
 1.5
Section 2.13 of the Loan and Servicing Agreement is hereby amended and restated as follows: 
 SECTION 2.13. Taxes.

 (a) Except to the extent required by applicable law, any and all payments and deposits required to be made hereunder or under
any instrument delivered hereunder by the Borrower hereunder shall be made free and clear of and without deduction for Taxes. If the Borrower or the Servicer shall be required by law to make any deduction for Taxes, (i) the Borrower shall make
an additional payment to such Affected Party, in an amount 

 
sufficient so that, after making all required deductions (including deductions applicable to additional sums payable under this Section 2.13), such Affected Party receives an amount equal to
the sum it would have received had no such deductions been made, (ii) the Borrower (or the Servicer, on its behalf) shall make such deductions and (iii) the Borrower (or the Servicer, on its behalf) shall pay the full amount deducted to
the relevant taxation authority or other authority in accordance with applicable law. If Borrower or Servicer is required by law to deduct any Excluded Taxes, then (A) Borrower or Servicer, as applicable, shall make such deductions,
(B) the Borrower or Servicer, as applicable, shall pay the amount deducted to the relevant taxation authority or other authority in accordance with applicable law, and (C) the amounts so deducted and paid to the relevant taxation authority
shall be treated under this Agreement as made to the Affected Party. 
 (b) In addition, the Borrower agrees to pay any present
or future stamp or other documentary taxes or any other excise or property taxes or similar levies which arise from any payment made hereunder or under any instrument delivered hereunder or from the execution, delivery or registration of, or
otherwise with respect to, this Agreement or any instrument delivered hereunder. 
 (c) (1) Each Affected Party that is a
“United States person” within the meaning of Section 7701(a)(30) of the Code agrees to complete and to deliver to the Borrower on or before the Effective Date (or, if later, on or prior to the date it becomes a party to this
Agreement) a duly completed and executed copy of Internal Revenue Service Form W-9 or successor form establishing that the Affected Party is a United States person that is not subject to U.S. backup withholding tax. 

(2) Each Affected Party which is not organized under the laws of the United States or any State thereof shall timely
deliver to the Borrower such properly completed and executed documentation prescribed by applicable laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Borrower or Servicer, as the
case may be, to determine (A) whether or not payments made hereunder are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Affected Party’s entitlement to any available exemption
from, or reduction of, applicable Taxes in respect of all payments to be made to such Affected Party by the Borrower pursuant to this Agreement or otherwise to establish such Affected Party’s status for withholding tax purposes in the
applicable jurisdiction. Without limiting the generality of the foregoing, each Affected Party which is not organized under the laws of the United States or any State thereof shall, on or prior to the date that such Affected Party becomes a party to
or obtains rights under this Agreement, and prior to any payment being made by the Borrower to such Affected Party, deliver to the Borrower: (i) two duly completed and executed copies of the Internal Revenue Service Form W-8BEN or W-8ECI (or
any successor form) as applicable; and (ii) to the extent it may lawfully do so, such other forms or certificates as may be required under the laws of any applicable jurisdiction (on or before the date that any such form expires or becomes
obsolete), in order to permit the Borrower to make payments to, and deposit funds to or for the account of, such Affected Party hereunder and under the other Facility Documents without any deduction or withholding for or on account of any tax. Each
such Affected 

 
Party, to the extent it may lawfully do so, shall submit to the Borrower (with copies to the Program Agent) two updated, completed, and duly executed versions of: (i) all forms referred to
in the previous sentence upon the expiry of, or the occurrence of any event requiring a change in, the most recent form previously delivered by it to the Borrower or the substitution of such form; and (ii) such extensions or renewals thereof as
may reasonably be requested by the Borrower. 
 (3) Each Affected Party shall deliver to the Borrower such other
tax forms or other documents as shall be prescribed by applicable law, to the extent applicable, (x) to demonstrate that payments to such Affected Party under this Agreement and the Loans are exempt from any United States withholding tax
imposed pursuant to FATCA or (y) to allow the Borrower to determine the amount to deduct or withhold under FATCA from a payment hereunder. Each Affected Party further agrees to complete and to deliver to the Borrower from time to time, so long
as it is eligible to do so, any successor or additional form required by the Internal Revenue Service or reasonably requested by the Borrower in order to secure an exemption from, or reduction in the rate of, U.S. withholding tax. 

(d) If the Borrower is required to pay additional amounts to or for the benefit of any Affected Party pursuant to this Section as a result
of a change of law or treaty occurring after such Affected Party first became a party to this Agreement, such Affected Party will, at the Borrower’s request, change the jurisdiction of its applicable lending office if, in the sole judgment of
such Affected Party, such change (i) will eliminate or reduce any such additional payment which may thereafter accrue and (ii) is not otherwise disadvantageous to such Affected Party. 

(e) If the Internal Revenue Service or any other governmental authority of the United States or other jurisdiction asserts a claim that
Borrower or Servicer did not properly withhold tax from amounts paid to or for the account of any Affected Person due to a failure on the part of the Affected Person (because the appropriate form was not delivered, was not properly executed, or
because such Affected Person failed to notify Borrower or Servicer of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason) such Affected Person shall indemnify and hold
Borrower and Servicer harmless for all amounts paid, directly or indirectly, by Borrower or Servicer, as tax or otherwise, including penalties and interest, and including any taxes imposed by any jurisdiction on the amounts payable to Borrower or
Servicer under this Section 2.13, together with all costs and expenses (including attorneys fees and expenses). The obligation of the Affected Persons under this subsection shall survive the payment of all obligations under this Agreement.

 (f) If any Affected Party determines that it has received a refund of any Taxes as to which it has been indemnified by
Borrower or Servicer or with respect to which Borrower or Servicer has paid additional amounts pursuant to this Section 2.13 it shall promptly pay over such refund to Borrower or Servicer, as applicable, (but only to the extent of payments
made, or additional amounts paid, by Borrower under this Section 2.13 with respect to Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of such Affected Party and without interest (other than any interest paid
by the relevant governmental authority with respect to such a refund). 

 1.6 Section 4.01(j) of the Loan and Servicing Agreement is hereby amended and restated
as follows: 
 (j) Collection Information; Master Agency Agreement. The names and addresses of all the
Approved Sub-servicers, Depository Account Banks and Lock-Box Processors, together with the addresses of the Lock-Boxes and the account numbers of the Depository Accounts are as specified in Exhibit F. The Lock-Boxes set forth on Exhibit F are the
only addresses to which Contract Debtors and Approved Sub-servicers of Pledged Contracts are directed to make payment. The Depository Accounts set forth on Exhibit F are the only accounts (other than zero balance accounts) to which Contract Debtors,
Approved Sub-servicers or Lock-Box Processors remit Collections of Pledged Contracts by wire transfer or electronic funds transfer. Exhibit N hereto is a full, complete and correct copy of the Master Agency Agreement and such agreement has not been
modified and is in full force and effect. There are no agreements or understandings relating to the Master Agency Agreement that are not fully and accurately described in Exhibit N. No DT Entity has granted any Person, other than Wells Fargo Bank,
National Association under the Master Agency Agreement, “control” (within the meaning of Section 9-102 of any applicable enactment of the UCC) of any Depository Account or the right to take control of any Depository Account at a
future time or upon the occurrence of a future event. 
 1.7 Schedule II to the Loan and Servicing Agreement is hereby amended
and restated as set forth on Schedule II hereto. 
 1.8 Exhibit F to the Loan and Servicing Agreement is hereby amended and
restated as set forth on Exhibit F hereto. 
 SECTION 2. Conditions to Effectiveness. This Amendment shall become
effective as of the date hereof upon receipt by the Program Agent of counterparts of this Amendment executed by each of the parties hereto. 
 SECTION 3. Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants that: 

3.1 It has the power and is duly authorized to execute and deliver this Amendment. 

3.2 The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary
on its part. 
 3.3 This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding
obligations of such parties and are enforceable against such parties in accordance with their terms. 
 3.4 Immediately prior,
and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of
the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date). 

 3.5 Immediately prior, and after giving all effect, to this Amendment, no event, condition
or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of Termination. 

SECTION 4. Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire agreement concerning the
subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications. 
 SECTION 5. Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the Loan and Servicing Agreement shall remain in full force and effect
and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other modification of any other term or condition set forth in the Loan
and Servicing Agreement or any right, power or remedy of any Program Agent under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan and Servicing Agreement to “this Agreement” or
“this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other Facility Document to the Loan and Servicing Agreement or to any
terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby. 

SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. Severability. In case any provision in this Amendment will be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
 SECTION 8. Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns. 

SECTION 9. Headings. The Section headings herein are for convenience only and will not affect the construction hereof. 

SECTION 10. Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any
Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein. 
 SECTION 11. Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together
constitute but one and the same instrument. 
 [SIGNATURE PAGE TO FOLLOW] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective authorized officers as of the date first above written. 
  

			
	DT WAREHOUSE III, LLC
		
	By: 	 	/s/ Jon Ehlinger
	Name:	 	Jon Ehlinger
	Title: 	 	Secretary
	
	DT CREDIT COMPANY, LLC
		
	By:	 	/s/ Jon Ehlinger
	Name:	 	Jon Ehlinger
	Title: 	 	Secretary
	
	WELLS FARGO BANK, NATIONAL
ASSOCIATION
as Backup Servicer, Paying Agent
and Securities Intermediary
		
	By: 	 	/s/ Jeanine C. Casey
	Name:	 	Jeanine C. Casey 
	Title:	 	Vice President
	
	UBS REAL ESTATE SECURITIES INC.
as Program Agent, sole Managing Agent and sole

	Committed Lender
		
	By: 	 	/s/ Michael Stallmeyer
	Name:	 	Michael Stallmeyer 
	Title:	 	Executive Director
		
	By: 	 	/s/ Peter Chuang
	Name:	 	Peter Chuang
	Title: 	 	Director

 SCHEDULE II 
 NOTICE ADDRESSES 
 DT Warehouse III, LLC 

4020 East Indian School Road, Suite 670 

Phoenix, AZ 85018 
 Telephone:
(602) 667-2432 
 Attention: Secretary 
 DT Credit Company, LLC 
 4020 East Indian School Road 

Phoenix, AZ 85018 
 Telephone:
(602) 852-6600 
 Attention: Secretary 
 Wells Fargo Bank, National Association 
 MAC N9311-161 

Sixth Street and Marquette Avenue 
 Minneapolis,
Minnesota 55479 
 Telephone: (612) 667-3464 
 Facsimile: (612) 667-8058 
 Attention: Corporate Trust Services – Asset-Backed
Administration 
 UBS Real Estate Securities Inc. 
 677 Washington Boulevard 
 Stamford, CT 06901 

Telephone: (212) 713-3360 
 Facsimile:
(203) 719-2971 
 Attention: Colin Bennett 
 With a copy to: sh-abs-credit@ubs.com 
 DBRS 

140 Broadway, 35th floor 
 New
York, New York 10005 
 Telephone: (212) 806-3277 
 Facsimile: (212) 806-3201 
 Attention: ABS Surveillance 

With a copy to: ABS_surveillance@dbrs.com 

 EXHIBIT F 
 LIST OF LOCK-BOXES, LOCK-BOX PROCESSORS; DEPOSITORY ACCOUNTS; 
 AND
DEPOSITORY ACCOUNT BANKS 
 Lock-Box 
 DT Credit Company, LLC, P.O. Box 53087, Phoenix, AZ 85072-3087 
 P.O. BOXES

 DT Credit Company, LLC, P.O. Box 53087, Phoenix, AZ 85072 
 DEPOSITORY ACCOUNTS 
 Wells Fargo Bank, 100 West Washington Street, Phoenix, AZ 85003

 Attn: Mr. John Helms, (602) 378-6633 
 Acct: [*] (Concentration) 
 Acct: [*] (Collection) 

 

	*	Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request.Amendment No. 1 to Third Amendment and Restated Loan and Servicing Agreement

 Exhibit 10.3 
 Confidential information in this Amendment No. 1 to Third Amended and Restated Loan and Servicing Agreement has been omitted and filed separately with the Securities and Exchange Commission
pursuant to a Confidential Treatment Request 
 AMENDMENT NO. 1 TO 

THIRD AMENDED AND RESTATED 
 LOAN AND SERVICING AGREEMENT 
 This AMENDMENT NO. 1 TO THIRD AMENDED AND RESTATED
LOAN AND SERVICING AGREEMENT, dated as of September 19, 2011 (this “Amendment”), is executed by and among DT WAREHOUSE, LLC, a Delaware limited liability company (together with its successors and assigns, the
“Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company, as servicer (in such capacity, the “Servicer”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer,
Paying Agent and Securities Intermediary, DEUTSCHE BANK AG, NEW YORK BRANCH, as Program Agent for the Conduit Lenders and the Committed Lenders and as sole Managing Agent and sole Committed Lender, and MONTEREY FUNDING LLC, as a Conduit Lender.
Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed thereto in the “Loan and Servicing Agreement” (defined below). 
 WITNESSETH: 
 WHEREAS, the Borrower, the Servicer, the Program Agent, the Paying
Agent, the Commercial Paper Conduits from time to time party thereto, and the Financial Institutions from time to time party thereto entered into that certain Third Amended and Restated Loan and Servicing Agreement dated as of July 23, 2010
(the “Loan and Servicing Agreement”); 
 WHEREAS, as provided herein, the parties hereto have agreed to amend
certain provisions of the Loan and Servicing Agreement as described below; 
 NOW, THEREFORE, in consideration of the premises
and the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1. Amendment to the Loan and Servicing Agreement. Effective as of the date hereof, and subject to the satisfaction of the
conditions precedent and subsequent set forth in Section 2 hereof, the Loan and Servicing Agreement is hereby amended as follows: 
 1.1 The definitions of “Borrowing Base (Eligible Contracts)”, “Borrowing Base (Wet Contracts)”, “Charged-Off Losses Ratio”, “Delinquency Measurement Ratio”,
“DTCS” and “Permitted State”, set forth in Section 1.01 of the Loan and Servicing Agreement are hereby amended and restated as follows: 
 “Borrowing Base (Eligible Contracts)” means, at any time, the product of (i) the Advance Rate and (ii) (w) the aggregate Principal Balances of all Eligible Contracts at
such time, minus (x) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “D+”, “D” or “D-” pursuant to the Credit and Collection Policy
exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time, minus (y) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which all or part in excess of 10.00% of
any Scheduled Payment is 31 or more but less than 61 days delinquent 

 
exceeds the product of 10.00%, minus (z) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the original term to maturity exceeds sixty-eight
(68) months exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time. 
 “Borrowing Base (Wet Contracts)” means, at any time, the lesser of (a) $9,000,000 and (b) (i) the product of 50% and the aggregate Principal Balance of all Pledged
Contracts that are Wet Contracts at such time, minus (ii) the amount by which the aggregate Principal Balances of all Pledged Contracts that are Wet Contracts as to which the related Contract Debtor is rated “D+”, “D” or
“D-” pursuant to the Credit and Collection Policy exceeds the product of 5.00% and the aggregate Principal Balances of all Pledged Contracts that are Wet Contracts at such time, minus (iii) the amount by which the aggregate Principal
Balances of all Pledged Contracts that are Wet Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product of 5.00% and the aggregate Principal Balances of all Pledged Contracts that are Wet Contracts
at such time. 
 “Charged-Off Losses Ratio” means, with respect to any Accounting Period
(i) with respect to the Pledged Contracts, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of such Pledged Contracts which became Charged-Off Contracts during such Accounting Period, minus the
aggregate of amounts received by the Servicer during such Accounting Period and applied to any Pledged Contract which is a Charged-Off Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance
of all Pledged Contracts as of the end of such Accounting Period, or (ii) with respect to the Managed Portfolio Contracts, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of the Managed
Portfolio Contracts which became Charged-Off Contracts during such Accounting Period, minus the aggregate of amounts received by the Servicer during such Accounting Period and applied to any such Managed Portfolio Contract which is a Charged-Off
Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance of all Managed Portfolio Contracts as of the end of such Accounting Period. 

“Delinquency Measurement Ratio” means, as of any Measurement Date, (a) with respect to the Pledged
Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of the Pledged Contracts which are Delinquency Measurement Contracts as of such Measurement Date, divided by (ii) the aggregate Principal Balance of all
Pledged Contracts as of such Measurement Date, or (b) with respect to the Managed Portfolio Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of all of the Managed Portfolio Contracts which are Delinquency
Measurement Contracts as of such Measurement Date, divided by (ii) the aggregate Principal Balance of all Managed Portfolio Contracts as of such Measurement Date. 

“DTCS” means DriveTime Car Sales Company, LLC, an Arizona limited liability company, together with its
successors and each wholly-owned subsidiary of DriveTime Car Sales Company, LLC, created for the purpose of originating Contracts. 

 “Permitted State” means each of Arizona, Nevada,
California, New Mexico, Texas, Florida, Georgia, Virginia, North Carolina, Colorado, Oklahoma, South Carolina, Tennessee, Alabama, Mississippi, Ohio, Kentucky, Arkansas, Missouri and Indiana and such other states as may be approved by the Program
Agent in writing from time to time (such approval not to be unreasonably withheld). 
 1.2 The definition of “Eligible
Contract” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting clauses (g), (i) and (uu) thereof and substituting, in lieu thereof, respectively, the following: 

(g) which is not (i) a Charged-off Contract, (ii) a Contract for which the Amount Financed was in excess of
$30,000, or (iii) a Contract that (A) was previously a Pledged Contract and (B) was previously transferred by the Borrower in connection with a Contract Disposition Transaction and, at the time of such Contract Disposition
Transaction, was a Delinquency Measurement Contract; provided that notwithstanding the foregoing, a Contract of the type described in this clause (iii) may become an Eligible Contract if it otherwise satisfies the definition thereof upon
the earlier of (x) the date after such Contract Disposition Transaction on which such Contract is not a Delinquency Measurement Contract and the related Contract Debtor has made at least four (4) Scheduled Payments thereunder and
(y) the date on which such Contract was not a Delinquency Measurement Contract for three (3) consecutive Accounting Periods; 
 (i) which (i) has an original term to maturity that is not less than twelve (12) months and does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time
by the Borrower and the Program Agent, provided that (x) for Receivables as to which the Contract Debtor is rated “B” the original term to maturity is not less than twelve (12) months and does not exceed sixty-eight
(68) months and (y) for Receivables as to which the Contract Debtor is rated “A” the original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) the Schedule of
Payments has equal periodic payments except for payments due during the first 90 days of the term of such Contract, and except for the final payment which may be less than the other equal payments, and the payment obligation is in United States
dollars, and (iii) does not cause the weighted average (based on Principal Balances of the applicable Eligible Contracts) original term to maturity of all Eligible Contracts that are Pledged Contracts to exceed sixty-two (62) months;
provided that the Pledged Contracts rendered ineligible solely pursuant to the foregoing clause (iii) shall be selected by the Borrower from the Pledged Contracts with the longest original term to maturity and only with Principal
Balances required to reduce such weighted average original term to maturity of all Eligible Contracts that are Pledged Contracts to or below sixty-two (62) months; provided that any such ineligible Pledged Contract may be subsequently
designated by the Borrower as an “Eligible Contract” if the eligibility of such Pledged Contract would not cause such weighted average original term to maturity of all Pledged Contracts to exceed sixty-two (62) months. 

(uu) with respect to which the scheduled payments under the Contract are due at least monthly in level payments through
its maturity date sufficient to fully amortize the principal balance of such Contract by its maturity date, assuming timely payment by 

 
Obligors on simple interest Contracts, except that the payment in the first or last month of the life of the Contract may be minimally different from the level payment. 

1.3 The definitions of “Wet Contract” set forth in Section 1.01 of the Loan and Servicing Agreement is hereby amended by
deleting clauses (g) and (i) thereof and substituting, in lieu thereof, respectively, the following: 

(g) which is not (i) a Charged-off Contract, (ii) a Contract for which the Amount Financed was in excess of
$30,000, or (iii) a Contract that (A) was previously a Pledged Contract and (B) was previously transferred by the Borrower in connection with a Contract Disposition Transaction and, at the time of such Contract Disposition
Transaction, was a Delinquency Measurement Contract; provided that notwithstanding the foregoing, a Contract of the type described in this clause (iii) may become an Eligible Contract if it otherwise satisfies the definition thereof upon
the earlier of (x) the date after such Contract Disposition Transaction on which such Contract is not a Delinquency Measurement Contract and the related Contract Debtor has made at least four (4) Scheduled Payments thereunder and
(y) the date on which such Contract was not a Delinquency Measurement Contract for three (3) consecutive Accounting Periods; 
 (i) which has an original term to maturity that does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Program Agent, provided that
(x) for Receivables as to which the Contract Debtor is rated “B” the original term to maturity is not less than twelve (12) months and does not exceed sixty-eight (68) months and (y) for Receivables as to which the
Contract Debtor is rated “A” the original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) and the Schedule of Payments has equal periodic payments except for payments
due during the first 90 days of the term of such Contract, and except for the final payment which may be less than the other equal payments, and the payment obligation is in United States dollars, and (iii) does not cause the weighted average
(based on Principal Balances of the applicable Eligible Contracts) original term to maturity of all Eligible Contracts that are Pledged Contracts to exceed sixty-two (62) months; provided that the Pledged Contracts rendered ineligible
solely pursuant to the foregoing clause (iii) shall be selected by the Borrower from the Pledged Contracts with the longest original term to maturity and only with Principal Balances required to reduce the such weighted average original term to
maturity of all Eligible Contracts that are Pledged Contracts to or below sixty-two (62) months; provided that any such ineligible Pledged Contract may be subsequently designated by the Borrower as an “Eligible Contract” if the
eligibility of such Pledged Contract would not cause such weighted average original term to maturity of all Pledged Contracts to exceed sixty-two (62) months. 
 1.4 Section 1.01 of the Loan and Servicing Agreement is hereby amended by deleting the definitions of “Alternate Payment Location” and “Ineligible Securitization Contract”.

 1.5 Section 4.01(j) of the Loan and Servicing Agreement is hereby amended and restated as follows: 

 (j) Collection Information; Master Agency Agreement. The names and
addresses of all the Approved Sub-servicers, Depository Account Banks and Lock-Box Processors, together with the addresses of the Lock-Boxes and the account numbers of the Depository Accounts are as specified in Exhibit F. The Lock-Boxes set forth
on Exhibit F are the only addresses to which Contract Debtors and Approved Sub-servicers of Pledged Contracts are directed to make payment. The Depository Accounts set forth on Exhibit F are the only accounts (other zero-balance accounts) to which
Contract Debtors, Approved Sub-servicers or Lock-Box Processors remit Collections of Pledged Contracts by wire transfer or electronic funds transfer. Exhibit N hereto is a full, complete and correct copy of the Master Agency Agreement and such
agreement has not been modified and is in full force and effect. There are no agreements or understandings relating to the Master Agency Agreement that are not fully and accurately described in Exhibit N. No DT Entity has granted any Person, other
than Wells Fargo Bank, National Association under the Master Agency Agreement, “control” (within the meaning of Section 9-102 of any applicable enactment of the UCC) of any Depository Account or the right to take control of any
Depository Account at a future time or upon the occurrence of a future event. 
 1.6 Section 5.01(g)(i) of the Loan and
Servicing Agreement is hereby amended and restated as follows: 
 (i) Instruct all Contract Debtors to remit all
payments made in respect of the Pledged Contract to a Lock-Box or a Depository Account; 
 1.7 Section 5.03(d) of the Loan
and Servicing Agreement is hereby amended and restated as follows: 
 (d) Change in Payment Instructions to
Contract Debtors. Make any change in its instructions to Contract Debtors regarding the making of payments in respect of the Pledged Contracts to any Lock-Box or Depository Account, other than instructing Contract Debtors to remit payments to
another Lock-Box or Depository Account. 
 1.8 Section 5.03(e) of the Loan and Servicing Agreement is hereby amended by
deleting the last sentence thereof. 
 1.9 Section 5.06(c) of the Loan and Servicing Agreement is hereby amended and
restated as follows: 
 (c) Change in Payment Instructions to Contract Debtors. Make any change in its
instructions to Contract Debtors regarding the making of payments in respect of the Pledged Contracts to any Lock-Box or Depository Account, other than instructing Contract Debtors to remit payments to another Lock-Box or Depository Account.

 1.10 Section 5.06(d) of the Loan and Servicing Agreement is hereby amended by deleting the last sentence thereof.

 1.11 Exhibit F to the Loan and Servicing Agreement is hereby amended and restated as set forth on Exhibit F hereto.

 SECTION 2. Conditions to Effectiveness. This Amendment shall become effective as of
the date hereof upon receipt by the Program Agent of counterparts of this Amendment executed by each of the parties hereto. 

SECTION 3. Representations, Warranties and Confirmations. Each of the Servicer and the Borrower hereby represents and warrants
that: 
 3.1 It has the power and is duly authorized to execute and deliver this Amendment. 

3.2 The execution and delivery of this Amendment has been duly authorized by all corporate or limited liability company action necessary
on its part. 
 3.3 This Amendment and the Loan and Servicing Agreement as amended hereby, constitute legal, valid and binding
obligations of such parties and are enforceable against such parties in accordance with their terms. 
 3.4 Immediately prior,
and after giving all effect, to this Amendment, the covenants, representations and warranties of each such party, respectively, set forth in the Loan and Servicing Agreement and as amended hereby, are true and correct in all material respects as of
the date hereof (except to the extent such representations or warranties relate solely to an earlier date and then as of such date). 
 3.5 Immediately prior, and after giving all effect, to this Amendment, no event, condition or circumstance has occurred and is continuing which constitutes an Event of Termination or Incipient Event of
Termination. 
 SECTION 4. Entire Agreement. The parties hereto hereby agree that this Amendment constitutes the entire
agreement concerning the subject matter hereof and supersedes any and all written and/or oral prior agreements, negotiations, correspondence, understandings and communications. 

SECTION 5. Effectiveness of Amendment. Except as expressly amended by the terms of this Amendment, all terms and conditions of the
Loan and Servicing Agreement shall remain in full force and effect and are hereby ratified and confirmed. This Amendment is effective only for the specific purpose for which it is given and shall not operate as a consent, waiver, amendment or other
modification of any other term or condition set forth in the Loan and Servicing Agreement or any right, power or remedy of any Program Agent under the Loan and Servicing Agreement. Upon the effectiveness of this Amendment, each reference in the Loan
and Servicing Agreement to “this Agreement” or “this Loan and Servicing Agreement” or words of like import shall mean and be references to the Loan and Servicing Agreement as amended hereby, and each reference in any other
Facility Document to the Loan and Servicing Agreement or to any terms defined in the Loan and Servicing Agreement which are modified hereby shall mean and be references to the Loan and Servicing Agreement or to such terms as modified hereby.

 SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 

 SECTION 7. Severability. In case any provision in this Amendment will be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
 SECTION 8. Binding Effect. This Amendment shall be binding upon and shall be enforceable by parties hereto and their respective successors and permitted assigns. 

SECTION 9. Headings. The Section headings herein are for convenience only and will not affect the construction hereof. 

SECTION 10. Novation. This Amendment does not constitute a novation or termination of the Loan and Servicing Agreement or any
Facility Document and all obligations thereunder are in all respects continuing with only the terms thereof being modified as provided herein. 
 SECTION 11. Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together
constitute but one and the same instrument. 
 [SIGNATURE PAGE TO FOLLOW] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective authorized officers as of the date first above written. 
  

			
	DT WAREHOUSE, LLC,
	as Borrower
		
	By:	 	/s/ Jon Ehlinger 
	Name: Jon Ehlinger
	Title: Secretary
	
	DT CREDIT COMPANY, LLC,
	as Servicer
		
	By:	 	/s/ Jon Ehlinger 
	Name: Jon Ehlinger
	Title: Secretary

 Signature Page to Amendment No 1 to Third Amended and Restated Loan and Servicing Agreement

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Backup Servicer, Paying Agent and Securities Intermediary

		
	By:	 	/s/ Jeanine C. Casey 
	Name: Jeanine C. Casey
	Title: Vice President

 Signature Page to Amendment No 1 to Third Amended and Restated Loan and Servicing Agreement

 
			
	DEUTSCHE BANK AG, NEW YORK BRANCH
	as sole Committed Lender, sole Managing Agent and as Program Agent
		
	By:	 	/s/ Daniel Gerber 
	Name: Daniel Gerber
	Title: Director
		
	By:	 	/s/ Katherine Bologna 
	Name: Katherine Bologna
	Title: Vice President
	
	MONTEREY FUNDING LLC,
	as a Conduit Lender
		
	By:	 	/s/ Lori Gebron 
	Name: Lori Gebron
	Title: Vice President

 Signature Page to Amendment No 1 to Third Amended and Restated Loan and Servicing Agreement

 EXHIBIT F 
 LIST OF LOCK-BOXES, LOCK-BOX PROCESSORS; DEPOSITORY ACCOUNTS; 
 AND
DEPOSITORY ACCOUNT BANKS 
 HOME OFFICE 
 4020 East Indian School Road, Phoenix, AZ 85018 
 MESA OFFICE 

7300 East Hampton Boulevard, Mesa, AZ 85029 

DEALERSHIPS 
 Attached 

P.O. BOXES 
 DT Credit Company, LLC, P.O.
Box 53087, Phoenix, AZ 85072 
 DEPOSITORY ACCOUNTS 
 Wells Fargo Bank, 100 West Washington Street, Phoenix, AZ 85003 
 Attn: Mr. John Helms,
(602) 378-6633 
 Acct: [*] (Concentration) 
 Acct: [*] (Collection) 
  

	*	Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request.

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