Document:

First Amendment Agreement to the Purchase & Contribution Agreement

 Exhibit 10.53 
  
 FIRST AMENDMENT AGREEMENT 
  
 FIRST AMENDMENT AGREEMENT (this “First Amendment”), dated as of January 20, 2006 (the “Effective Date”), to
the Purchase and Contribution Agreement, dated as of February 11, 2003, among FCC Acceptance Corp., as Borrower (the “Purchaser”), and First Consumer Credit, Inc. (“FCC”) (as the same has been and may be
further amended, supplemented, modified and/or restated in accordance with its terms, the “PCA”). Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed thereto in the PCA. 
  
 WHEREAS, the parties hereto have agreed to amend the PCA on the terms and
subject to the conditions herein set forth; 
  
 NOW, THEREFORE,
for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and subject to the fulfillment of the conditions set forth below, the parties hereto agree as follows: 
  
 SECTION 1. Amendments to PCA. Effective as of the date on which all of
the conditions precedent set forth in Section 2 shall have been satisfied, the PCA shall be amended as follows: 
  
 1.1 Items 3, 54, 63 and 66 of Schedule III of the PCA are hereby amended by deleting each such item in its entirety and substituting in lieu thereof the
applicable numbered item set forth in Schedule III to this First Amendment. 
  
 1.2 Item 9 of Schedule III of the PCA is hereby amended by inserting the words “or Deferred Payment Contract” immediately following the words “Promotional Contracts” therein. 
  
 1.3 Items 52, 53, 70, 74 and 76 of Schedule III of the PCA are each hereby
amended by inserting the words “or an Equity-Based Contract” immediately following the words “Mortgage Contract” therein. 
  
 1.4 Item 64 of Schedule III of the PCA is hereby amended by deleting the number “640” therein, and in each case substituting in lieu
thereof the number “600”. 
  
 1.5 Schedule III of the
PCA is hereby amended by adding items numbers 84 through 92 set forth in Schedule III to this First Amendment at the end of Schedule III of the PCA. 

 SECTION 2. Conditions to Effectiveness. This First Amendment shall be effective as of the date
hereof at such time as executed counterparts of this First Amendment have been delivered by each party hereto to the other parties hereto and the Agent has executed and delivered the consent on the signature pages hereto. 
  
 SECTION 3. Miscellaneous. 
  
 3.1 FCC hereby certifies that the representations and warranties set forth in
Section 4.1 of the PCA (and any other representations and warranties made by FCC in the PCA) are true and correct on the date hereof with the same force and effect as if made on the date hereof, except to the extent that such representations
and warranties speak specifically to an earlier date in which case they shall have been true and correct on such date. In addition, the FCC represents and warrants (which representations and warranties shall survive the execution and delivery
hereof) that (a) the FCC has the corporate power and authority to execute and deliver this First Amendment and has taken or caused to be taken all necessary corporate actions to authorize the execution and delivery of this First Amendment and
(b) no consent of any other person (including, without limitation, shareholders or creditors of FCC), and no action of, or filing with any governmental or public body or authority is required to authorize, or is otherwise required in connection
with the execution and performance of this First Amendment other than such that have been obtained. 
  
 3.2 The PCA, as amended hereby, is hereby ratified and confirmed in all respects and remains in full force and effect in accordance with its terms.

  
 3.3 All references in the PCA to “this Agreement”
and “herein” and all references to the PCA in the documents executed in connection with the PCA shall mean the PCA as amended hereby and as it may in the future be amended, restated, supplemented or modified from time to time. 

 
 3.4 This First Amendment may be executed by the parties hereto
individually or in combination, in one or more counterparts, each of which shall be an original and all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this First Amendment by
facsimile shall be effective as delivery of a manually executed counterpart of this First Amendment. 
  
 3.5 GOVERNING LAW. THIS FIRST AMENDMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK,
BE GOVERNED BY THE LAWS OF 

  

 2 

 
THE STATE OF NEW YORK, WITHOUT REGARD TO ANY CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION. 
  
 [Signature pages to follow.] 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first above
written. 
  

									
	 THE PURCHASER:
	 	 	 	FCC ACCEPTANCE CORP.
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

  

									
	FCC:	 	 	 	FIRST CONSUMER CREDIT, INC.
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

  

			
	Pursuant to Section 5.01(k) of the RLSA and Section 9.01 of the PCA, the undersigned consents to the foregoing First Amendment Agreement:
	
	 DZ BANK AG DEUTSCHE
 ZENTRAL-GENOSSENSCHAFTSBANK

		
	By:	 	 
	 	 	 Name:
 Title:

		
	By:	 	 
	 	 	 Name:
 Title:

  

 4 

 Schedule III to 
 First Amendment Agreement 
  
 Replacement and Additional Representations and Warranties 
 with Respect to Eligible Receivables 
  
 3. No such Contract is a Delinquent Receivable and if such Contract is a
Promotional Contract, the annual percentage rate of such Contract is not less than 10%. 
  
 54. The inclusion at any time of such Mortgage Contract (other than an Equity-Based Contract) as a Pledged Receivable shall not cause the Weighted Average FICO Score to be less than 640. 
  
 63. If such Contract is a Non-Mortgage Contract, then, if (i) the
Obligor with respect to such Contract had a FICO Score of less than 680, the Original Balance of such Contract was not greater than $20,000 or (ii) the Obligor with respect to such Contract had a FICO Score of 680 or more, the Original Balance
of such Contract was not greater than $35,000. 
  
 66. If such
Contract is a Mortgage Contract (other than an Equity-Based Contract), the Obligor with respect to such Contract had a FICO Score of at least 580. 
  
 84. If such Contract is a Promotional Contract, the inclusion at any time of such Promotional Contract shall not cause the Promotional Contract Weighted
Average FICO Score to be less than 720. 
  
 85. If such Contract
is an Equity-Based Contract, it is secured by a Mortgage on the property which will be improved by the home improvement services or supplies furnished to the Obligor under such Equity-Based Contract, and the Mortgage related to such Equity-Based
Contract creates a valid, subsisting, enforceable and perfected, first or second priority lien (as applicable) on the related Mortgaged Property and the lien created thereby has been duly recorded. 
  
 86. (A) With respect to each Equity-Based Contract, the Contractor
related to such Equity-Based Contract shall have taken or caused to be taken all steps necessary under all applicable law in order to cause a valid, subsisting and enforceable perfected, first or second priority security interest to exist in
FCC’s favor in the Underlying Collateral securing each such Equity-Based Contract, and (B) FCC shall have assigned the perfected, first or second priority security interest in the Underlying Collateral referred to in clause (A) above
to the Purchaser pursuant to this Agreement and, if applicable, by means of the filing of a mortgage assignment in proper form and in the proper jurisdiction. 
  

87. If such Contract is an Equity-Based Contract, such Contract has an Original Balance of not greater than $25,000. 

 88. If such Contract is an Equity-Based Contract, at the time of origination, such Equity-Based Contract
did not have a Cumulative LTV greater than 80%, as determined pursuant to the Credit and Collection Policy. 
  
 89. If such Contract is an Equity-Based Contract, the Obligor thereunder, (i) has been employed by his present employer for at least two
(2) years, and (ii) has a favorable mortgage payment history (as determined pursuant to the Credit and Collection Policy), as evidenced by either a credit report issued by a major credit bureau or a mortgage payment history issued by the
holder of the first mortgage on the Underlying Collateral. 
  
 90.
If such Contract is an Equity-Based Contract, the Mortgage related to such Equity-Based Contract is in a form acceptable in accordance with the Credit and Collection Policy. 
  
 91. With respect to each Contract with a FICO Score of 680 or more, such Contract has a Coupon Rate of at least
7.98% per annum. 
  
 92. The inclusion at any time of such
Contract as a Pledged Receivable shall not cause the Weighted Average FICO Score of all Obligors with a FICO Score of 680 or more to be less than 720.First Amendment Agreement to the Fee Letter

 Exhibit 10.54 
  
 FIRST AMENDMENT AGREEMENT 
 (FCC Acceptance Corp. Fee Letter) 
  
 FIRST AMENDMENT AGREEMENT, dated as of January 20, 2006 (the “First Amendment”), to the Fee Letter, dated as of February 11, 2003, among FCC Acceptance Corp., as Borrower (the
“Borrower”), First Consumer Credit, Inc., as Servicer (the “Servicer”), Autobahn Funding Company LLC, as Lender (the “Lender”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main,
as agent (the “Agent”) (as the same may be amended, supplemented, modified and/or restated in accordance with its terms, the “Fee Letter”). Capitalized terms used herein and not otherwise defined herein shall have
the meanings attributed thereto in the Fee Letter or RLSA (as such term is defined in the Fee Letter). 
  
 WHEREAS, the parties hereto have agreed to amend the Fee Letter on the terms and subject to the conditions herein set forth; 
  
 NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, and subject to the fulfillment of the conditions set forth below, the parties hereto agree as follows: 
  
 1 SECTION. AMENDMENTS TO THE FEE LETTER 
  
 1.1 Section 5 of the Fee Letter is hereby amended by deleting such section in its entirety and substituting in lieu
thereof the following: 
  
 5. For all purposes under the RLSA:

  
 (a) “CP Margin” shall mean,
on any date, a percentage equal to: 
  
 CPM1 + CPM2 + CPM3 
  
 where: 
  

					
	 CPM1
	  	=	  	1.0% multiplied by a fraction, (i) the numerator of which is equal to the Outstanding Balances of all Eligible Receivables owed by Obligors with FICO Scores which, at the time of the origination
of the Contracts relating to such Receivables, were equal to, or higher than, 680, and (ii) the denominator of which is equal to the Outstanding Balances of all Eligible Receivables on the date of calculation;

 [First Amendment to Fee Letter] 
  

					
	 CPM2
	  	=	  	1.5% multiplied by a fraction, (i) the numerator of which is equal to the Outstanding Balances of all Eligible Receivables owed by Obligors with FICO Scores which, at the time of the origination
of the Contracts relating to such Receivables, were equal to at least 640 but less than 680, and (ii) the denominator of which is equal to the Outstanding Balances of all Eligible Receivables on the date of calculation; and
			
	 CPM3
	  	=	  	2.0% multiplied by a fraction, (i) the numerator of which is equal to the aggregate Outstanding Balances of all Eligible Receivables (x) owed by Obligors with FICO Scores which, at the time of
the origination of the Contracts relating to such Receivables, were less than 640, and (y) owed by Obligors without FICO Scores at the time of origination of the Contracts relating to such Receivables, and (ii) the denominator of which is equal to
the Outstanding Balances of all Eligible Receivables on the date of calculation; and

  
 (b) “Adjusted Eurodollar Rate Margin” shall mean 4.00% per annum. 
  
 1.2 Section 6 of the Fee Letter is hereby amended by deleting the definition of “Fourth Non-Utilization Period” set forth therein and
substituting, in lieu thereof, the following: 
  
 “Fourth
Non-Utilization Period” means the period commencing on the day immediately following the last day of the Third Non-Utilization Period and ending on August 31, 2006. 
  
 2 SECTION. CONDITIONS TO EFFECTIVENESS 
  
 This First Amendment shall be effective upon the delivery to the Agent of
(i) counterparts hereof executed by each of the parties hereto and (ii) counterparts of an amendment to the RLSA (in form and substance satisfactory to the Agent) executed by each of the parties thereto. 
  

 2 

 [First Amendment to Fee Letter] 
  
 3 SECTION. MISCELLANEOUS 
  
 3.1 The Borrower and the Servicer each hereby certifies that the representations and warranties set forth in Article IV
of the RLSA (and any other representations and warranties made by the Borrower or the Servicer in the RLSA) are true and correct on the date hereof with the same force and effect as if made on the date hereof, except to the extent that such
representations and warranties speak specifically to an earlier date in which case they shall have been true and correct on such date. In addition, the Borrower and the Servicer each represents and warrants (which representations and warranties
shall survive the execution and delivery hereof) that (a) no unwaived Early Amortization Event or Event of Default (nor any event that but for notice or lapse of time or both would constitute an unwaived Early Amortization Event or Event of
Default) shall have occurred and be continuing as of the date hereof nor shall any unwaived Early Amortization Event or Event of Default (nor any event that but for notice or lapse of time or both would constitute an unwaived Early Amortization
Event or Event of Default) occur due to this First Amendment becoming effective, (b) the Borrower and the Servicer each has the corporate power and authority to execute and deliver this First Amendment and has taken or caused to be taken all
necessary corporate actions to authorize the execution and delivery of this First Amendment and (c) no consent of any other person (including, without limitation, shareholders or creditors of the Borrower or the Servicer), and no action of, or
filing with any governmental or public body or authority is required to authorize, or is otherwise required in connection with the execution and performance of this First Amendment other than such that have been obtained. 
  
 3.2 The Fee Letter, as amended hereby, is hereby ratified and confirmed in
all respects and remains in full force and effect in accordance with its terms. 
  
 3.3 All references in the Fee Letter to “this Agreement” and “herein” and all references to the Fee Letter in the documents executed in connection with the Fee Letter shall mean the Fee Letter as
amended hereby and as it may in the future be amended, restated, supplemented or modified from time to time. 
  
 3.4 This First Amendment may be executed by the parties hereto individually or in combination, in one or more counterparts, each of which shall be an
original and all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this First Amendment by facsimile shall be effective as delivery of a manually executed counterpart of this First
Amendment. 
  
 3.5 The Borrower hereby agrees to pay all costs and
expenses incurred by the Lender and the Agent in connection with this First Amendment including, without limitation, the fees and expenses of Kaye Scholer LLP, counsel to the Lender and the Agent. 
  

 3 

 [First Amendment to Fee Letter] 
  
 3.6 THIS FIRST AMENDMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW
YORK, BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. 
  
 [Signature pages to follow.] 
  

 4 

 [First Amendment to Fee Letter] 
  
 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first above written. 
  

							
	THE BORROWER:	  	FCC ACCEPTANCE CORP.
			
	 	  	By:	  	  

	 	  	 	  	Name:	  	  

	 	  	 	  	Title:	  	  

		
	THE SERVICER:	  	FIRST CONSUMER CREDIT, INC.
			
	 	  	By:	  	  

	 	  	 	  	Name:	  	  

	 	  	 	  	Title:	  	  

		
	THE AGENT:	  	DZ BANK AG DEUTSCHE
	 	  	ZENTRAL-GENOSSENSCHAFTSBANK
			
	 	  	By:	  	  

	 	  	 	  	Name:	  	  

	 	  	 	  	Title:	  	  

			
	 	  	By:	  	  

	 	  	 	  	Name:	  	  

	 	  	 	  	Title:	  	  

  

 5 

									
	THE LENDER:	  	AUTOBAHN FUNDING COMPANY LLC
			
	 	  	By:	  	 DZ Bank AG Deutsche Zentral-
     Genossenschaftsbank, its attorney-in-fact

				
	 	  	 	  	By:	  	  

	 	  	 	  	 	  	Name:	  	  

	 	  	 	  	 	  	Title:	  	  

				
	 	  	 	  	By:	  	  

	 	  	 	  	 	  	Name:	  	  

	 	  	 	  	 	  	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]