Document:

EX-10.5

 Exhibit 10.5 

EXECUTION VERSION 
 FIRST
AMENDMENT TO 
 SALE AND SERVICING AGREEMENT 

This Amendment to Sale and Servicing Agreement, dated as of November 3, 2016 (this “Amendment”), is by and among Santander
Drive Auto Receivables LLC, as seller (the “Seller”), and Santander Consumer USA Inc. (“SC”), as servicer (in such capacity, the “Servicer”). 

WHEREAS, Santander Drive Auto Receivables Trust 2014-1, as issuer (the “Issuer”), the Seller, the Servicer, and Wells Fargo
Bank, National Association, as indenture trustee (the “Indenture Trustee”) are parties to that certain Sale and Servicing Agreement, dated as of January 15, 2014 (the “Sale and Servicing Agreement”); 

WHEREAS, pursuant to Section 9.1(a) of the Sale and Servicing Agreement, the Seller and the Servicer may amend the Sale and Servicing
Agreement without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee or any other Person if specified conditions are met; 

WHEREAS, the Seller and the Servicer hereto desire to amend the Sale and Servicing Agreement in certain respects as set forth herein; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows: 
 SECTION 1.    Definitions. Capitalized terms used in this Amendment and not otherwise defined
herein shall have the meanings assigned thereto in the Sale and Servicing Agreement, as amended hereby. 
 SECTION
2.    Amendments. The Sale and Servicing Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, hereby amended as follows: 

(a)    The definition of “Non-Investment Grade Notes” in Appendix A of the Sale and Servicing Agreement is
hereby amended and restated in full to read as follows: 
 “‘Non-Investment Grade Notes’ means the
Class E Notes; provided, however, that Class E Notes shall be deemed to not be “Non-Investment Grade Notes” as of any date of determination for purposes of Sections 2.16(c) of the Indenture so long as such Class E Notes are
not Restricted Notes on such date.” 
 (b)    The definition of “Restricted Notes” in Appendix A of the
Sale and Servicing Agreement is hereby amended and restated in full to read as follows: 
 “‘Restricted
Notes’ means any Notes (i) that were beneficially owned by the Issuer or the single beneficial owner of the Issuer for United States federal income tax purposes as of the Closing Date and (ii) for which no Debt-For-Tax Opinion has been
rendered with respect to such Notes at any time after the Closing Date.” 

  
 First
Amendment to 
 Sale and Servicing Agreement 

 SECTION 3.    Conditions to Effectiveness. This Amendment shall
become effective on the date hereof, subject to the satisfaction of the following conditions precedent: 
 (a)    Each
of the Seller and the Servicer shall have received a copy of this Amendment, duly executed by each of the parties hereto; 

(b)    The Seller or the Servicer shall have delivered to the Indenture Trustee an Opinion of Counsel of the Seller or
Servicer, respectively, to the effect that this Amendment will not materially and adversely affect the interests of the Noteholders; and 

(c)    The Seller or the Servicer shall have delivered to the Indenture Trustee and the Owner Trustee an Opinion of
Counsel of the Seller or Servicer, respectively, to the effect that execution of this Amendment is authorized or permitted by the Sale and Servicing Agreement and that all conditions precedent to the delivery and execution have been satisfied.

SECTION 4.    Miscellaneous. The Sale and Servicing Agreement, as amended hereby, remains in full force and
effect. Any reference to the Sale and Servicing Agreement from and after the date hereof shall be deemed to refer to the Sale and Servicing Agreement as amended hereby, unless otherwise expressly stated. This Amendment may be executed in
any number of counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Executed
counterparts of this Amendment may be delivered by facsimile, which shall be effective as delivery of a manually executed signature page. This Amendment shall be governed by and construed in accordance with the internal, substantive laws of
the State of New York without reference to the rules thereof relating to conflicts of law, other than Sections 5-1401 and 5-1402 of the New York General Obligations Law, and the obligations, rights and remedies of the parties hereunder shall be
determined in accordance with such laws. 
 [Signatures follow] 

  

					
		  	2	  	 First Amendment to

Sale and Servicing Agreement

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

			
	SANTANDER DRIVE AUTO RECEIVABLES LLC, as Seller
		
	By:	 	 /s/ Mark McCastlain

			
	Name:	 	Mark McCastlain
	Title:	 	Vice President

 
			
	
	SANTANDER CONSUMER USA INC., as Servicer
		
	By:	 	 /s/ Corey Henry

			
	Name:	 	Corey Henry
	Title:	 	Vice President

  

					
		  	S-1	  	 First Amendment to

Sale and Servicing Agreement

 Wells Fargo Bank, National Association, a national banking association, not in its individual
capacity but solely as Indenture Trustee, hereby consents to this Amendment in accordance with Section 9.1(d) of the Sale and Servicing Agreement. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	By:	 	 /s/ Jeanine C. Casey

			
	Name:	 	Jeanine C. Casey
	Title:	 	Vice President

  

					
		  	S-2	  	 First Amendment to

Sale and Servicing AgreementEX-10.1

 Exhibit 10.1 

November 2, 2016 
 William Taylor Rhodes 

c/o Rackspace US, Inc. 
 1 Fanatical Place 

San Antonio, TX 78218 
  

	 	Re:	Treatment of RSUs on closing of Merger  

 Dear Taylor: 

Reference is made to the Notices of Grant of Restricted Stock Units (each, a “Notice”) between you and Rackspace Hosting, Inc. (the
“Company”) as of the grant dates, and as to the number of restricted stock units (“RSUs”) that remain unvested as of the date hereof, in each case as set forth on Exhibit A. Upon the closing (the “Closing”) of the
transactions contemplated by the Agreement and Plan of Merger entered into as of August 26, 2016, by and among Inception Parent, Inc., Inception Merger Sub, Inc., and the Company (the “Merger Agreement”), and notwithstanding anything
contained in any Notice, the Merger Agreement, the 2007 Long-Term Incentive Plan (the “2007 LTIP”), or any other agreement between you and the Company to the contrary, the RSUs that are then outstanding under the Notices shall be
cancelled, and you will become entitled to receive, on each Revised Vesting Date as set forth on Exhibit A, a cash payment in an amount equal to the number of RSUs set forth on Exhibit A with respect to each such Revised Vesting Date multiplied by
$32.00 per RSU, less applicable withholding taxes (an “RSU Payment”). 
 Your right to receive such RSU Payment on any Revised Vesting Date will
be forfeited if, and only if, your employment with the Company and its affiliates terminates prior to the corresponding Revised Vesting Date; provided, that if such termination of employment is either (i) by the Company or its affiliates without
Cause (as defined in the 2007 LTIP), or (ii) by you for Good Reason (as defined in either (A) the Company’s Senior Executive Change of Control and Severance Plan (the “CoC Plan”), if you are a participant in the CoC Plan as of
immediately prior to your termination date or (B) an effective employment agreement between you and the Company or its affiliates), then all RSU Payments that would have become payable on any future Revised Vesting Date had you remained employed
through such Revised Vesting Date shall become immediately payable. 
 To the extent applicable, the changes made pursuant to this letter are intended to
comply with Treasury Regulation 1.409A-3(i)(5)(iv)(B). You acknowledge that you have reviewed with your own tax advisors the federal, state, local and foreign tax consequences of the transactions contemplated by this letter, and that you are relying
solely on such advisors and not on any statements or representations of the Company or any of its agents. The Company makes no representations, warranties, or guarantees with respect to the tax consequences of the transactions contemplated by
this letter. In no event will the Company reimburse you for any taxes that may be imposed on you as a result of this letter or the transactions contemplated thereby. 

 Except as otherwise amended by this letter, the existing terms applicable to each RSU will continue to remain in
full force and effect. This letter may only be amended by mutual agreement between the parties hereto. If the Merger Agreement is terminated or the Closing does not occur for any reason, this letter will be null and void. 

Sincerely, 
  

			
	 RACKSPACE HOSTING, INC. 

		
	 By:
	 	 /s/ William Alberts

	 Name:
	 	 William Alberts

	 Title:
	 	 SVP & General Counsel – Americas

	
	 Date: November 2, 2016

	
	 Agreed to and Accepted by:

	
	 /s/ William Taylor Rhodes

	 William Taylor Rhodes

 Date: November 2, 2016 

  
 2 

 Exhibit A 
  

											
	Original Grant Date	  	Original
Vesting Date	 	  	Original
RSUs
Vesting	 	  	RSUs/Revised Vesting
Date
	 5/10/2013
	  	 	5/10/2017	  	  	 	1,082	  	  	1,082 – Closing
	 8/12/2013
	  	 	8/12/2017	  	  	 	1,315	  	  	1,315 – Closing
	 3/6/2014
	  	 	3/6/2017	  	  	 	2,969	  	  	2,969 – Closing
		  	 	3/6/2018	  	  	 	2,969	  	  	2,969 – Closing
	 8/14/2014
	  	 	8/14/2017	  	  	 	12,038	  	  	10,790 – Closing;
 1,248 – 1/1/2017

		  	 	8/14/2018	  	  	 	12,038	  	  	12,038 – Closing
	 11/12/2014
	  	 	11/12/2016	  	  	 	8,803	  	  	8,803 – Closing
		  	 	11/12/2017	  	  	 	8,803	  	  	8,803 – 1/1/2017
		  	 	11/12/2018	  	  	 	8,802	  	  	8,802 – Closing
	 8/13/2015
	  	 	8/15/2017	  	  	 	23,281	  	  	23,281 – 1/1/2017
		  	 	8/15/2018	  	  	 	23,281	  	  	23,281 – Closing
		  	 	8/15/2019	  	  	 	23,281	  	  	23,281 – Closing
	 5/13/2016
	  	 	5/15/2017	  	  	 	36,878	  	  	36,878 – 1/1/2017
		  	 	5/15/2018	  	  	 	36,878	  	  	36,878 – 1/1/2017
		  	 	5/15/2019	  	  	 	36,878	  	  	36,878 – Closing
		  	 	5/15/2020	  	  	 	36,878	  	  	36,878 – Closing
	 11/12/2014*
	  	 	—  	  	  	 	105,633	  	  	19,125 – 1/1/2017;
 44,121 – 7/1/2017;

42,387 – 1/1/2018

	 3/4/2015*
	  	 	—  	  	  	 	54,650	  	  	54,650 – 1/1/2018
	 2/24/2016*
	  	 	3/5/2019	  	  	 	172,502	  	  	112,343 – 1/1/2018;
 23,281 – 7/1/2018;

36,878 – 1/1/2019

  

	*	Vesting originally subject to satisfaction of performance conditions 

  
 3

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