Document:

Supplement No. 2

 Exhibit 4.2 
 SUPPLEMENT NO. 2 dated as of March 30, 2012 (this “Supplement”), to the Security Agreement dated as of June 4, 2010 (as amended, supplemented or otherwise modified from time to
time the “Security Agreement”), among DriveTime Automotive Group, Inc., a Delaware corporation (“DTAG”), DT Acceptance Corporation, an Arizona corporation (“DTAC” and together with DTAG the
“Issuers”), DriveTime Car Sales Company, LLC, an Arizona limited liability company (the “Secured Guarantor” and together with the Issuers, the “Grantors” and each a “Grantor”) and
Wells Fargo Bank, National Association, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Security Agreement). 

A. Reference is made to (a) the Indenture, dated as of June 4, 2010 (as amended, supplemented or otherwise modified from time
to time, the “Indenture”), among the Issuers, the Secured Guarantor, the other Guarantors from time to time party thereto and Wells Fargo Bank, National Association, as trustee (in such capacity, the “Trustee”),
pursuant to which the Issuers issued 12.625% Senior Secured Notes due 2017 (collectively, the “Notes”), and (b) the Intercreditor Agreement dated as of June 4, 2010 (as amended, supplemented, replaced or otherwise modified
from time to time, the “Intercreditor Agreement”), among the Issuers, the Secured Guarantor, DriveTime Sales and Finance Company, LLC, the Collateral Agent and Manheim Automotive Financial Services, Inc. and Santander Consumer USA
Inc., as lenders under the Senior Inventory Facility (as defined in the Indenture). 
 B. Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement and, if not defined therein, in the Indenture. 
 C. The Grantors have entered into the Security Agreement in order to induce the Holders to purchase Notes. Each Subsidiary of an Issuer that is a Guarantor under the Indenture that pledges Inventory
pursuant to a Permitted Inventory Facility is required to enter into the Security Agreement as a Grantor upon becoming a Secured Guarantor. Section 7.15 of the Security Agreement provides that such Guarantor may become Grantors under the
Security Agreement by execution and delivery of an instrument in the form of this Supplement. 
 Accordingly, the Collateral
Agent and the undersigned (the “New Grantor”) agree as follows: 
 SECTION 1. In accordance with
Section 7.15 of the Security Agreement, the New Grantor by its signature below becomes a Grantor under the Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby (a) agrees
to all the terms and provisions of the Security Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the
date hereof except to the extent a representation and warranty expressly relates solely to a specific date, in which case such representation and warranty shall be true and correct on such date. In furtherance of the foregoing, the New Grantor, as
security for the payment and performance in full of the Secured Obligations (as defined 

 
in the Security Agreement), does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security
interest in and lien on all of the New Grantor’s right, title and interest in and to the Grantor Collateral of the New Grantor. Each reference to a “Grantor” or “Secured Guarantor” in the Security Agreement
shall be deemed to include the New Grantor. The Security Agreement is hereby incorporated herein by reference. 

SECTION 2. In accordance with Section 7.17 of the Security Agreement, the Liens created by the Security Agreement with respect
to the Grantor Collateral are junior and subordinate to the Liens on such property created by any similar instrument now or hereafter granted to any First Priority Creditor, in such property, in accordance with the provisions of the Intercreditor
Agreement. Notwithstanding anything to the contrary, the exercise of any right or remedy by the Collateral Agent hereunder with respect to the Grantor Collateral is subject to the provisions of the Intercreditor Agreement. In the event of any
conflict between the terms of the Intercreditor Agreement and the Security Agreement with respect to the Grantor Collateral, the terms of the Intercreditor Agreement shall govern. 

SECTION 3. The New Grantor represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has
been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
 SECTION 4. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Grantor and the Collateral
Agent. Delivery of an executed signature page to this Supplement by facsimile or Adobe .pdf transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 5. The New Grantor hereby represents and warrants that (a) set forth on Schedule I attached hereto is a true and
correct schedule of the location of any and all Grantor Collateral of the New Grantor and (b) set forth under its signature hereto, is the true and correct location of the chief executive office of the New Grantor. 

SECTION 6. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

SECTION 7. THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 SECTION 8. In case any one or more of the provisions contained in this
Supplement should be held invalid, illegal or unenforceable in any respect, the validity, 

 
legality and enforceability of the remaining provisions contained herein and in the Security Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 9. All communications and notices hereunder shall be in writing and given as provided in Section 7.01 of the Security Agreement. All communications and notices hereunder to the New
Grantor shall be given to it at the address set forth under its signature below, with a copy to the Issuer. 
 SECTION 10.
The New Grantor agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 

[Signature Pages Follow] 

 IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written. 
  

			
	CARVANA, LLC
		
	By:	 	 /s/ Jon Ehlinger

	Name:	 	 Jon Ehlinger

	Title:	 	 Manager

	
	4020 E. Indian School Rd.
	Phoenix, Arizona 85018
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 /s/ Raymond Delli Colli

	Name:	 	 Raymond Delli Colli

	Title:	 	 Vice President

 Schedule I to Supplement No. 2 

to the Security Agreement 
 LOCATION OF COLLATERAL 
  

					
	Grantor	 	Description	 	Location
			
	Carvana, LLC	 	Motor VehiclesJoinder Agreement

 Exhibit 10.1 
 JOINDER AGREEMENT 
 This JOINDER AGREEMENT, dated as of March 30, 2012 (the
“Joinder”), is made by Carvana, LLC, an Arizona limited liability company (the “Additional Borrower”), DriveTime Automotive Group, Inc., (“DriveTime”), a Delaware corporation, DriveTime Sales and
Finance Company, LLC (“DriveTime Sales”), an Arizona limited liability company, DriveTime Car Sales Company, LLC (“Car Sales”), an Arizona limited liability company, and DriveTime Ohio Company, LLC
(“DriveTime Ohio”), an Arizona limited liability company (each a “Borrower” and collectively the “Borrowers”), and Wells Fargo Bank, N.A., a national banking association (together with its
successors and assigns, “WFBNA”), as the lead lender, and as the agent (the “Agent”) for the Lenders (as hereinafter defined). 
 RECITALS 
 A. The Borrowers, WFBNA, as Agent and a lender, Santander
Consumer USA Inc., an Illinois corporation (together with its successors and assigns, “SCUSA”), as a lender, and Manheim Automotive Financial Services, Inc., a Delaware corporation (together with its successors and assigns,
“MAFS”), as a lender (WFBNA, SCUSA and MAFS referred to herein individually as “Lender” and collectively as “Lenders”) entered into the Loan and Security Agreement, dated October 28, 2011 (as
amended, restated, extended, supplemented, or otherwise modified in writing from time to time, the “Loan Agreement”). 
 B. Pursuant to Section 10.21 of the Loan Agreement, at the time that any Borrower forms any direct or indirect Subsidiary or acquires any direct or indirect Subsidiary after the Effective Date, such
Borrower shall cause any such new Subsidiary to become a “Borrower” under the Loan Agreement and the other Loan Documents. 
 C. The Additional Borrower was formed on March 9, 2012 and is a wholly-owned Subsidiary of Car Sales. 
 NOW, THEREFORE, in consideration of the foregoing Recitals and the terms, covenants, and conditions of this Joinder, the receipt of which and sufficiency of which are hereby acknowledged, the Additional
Borrower, Borrowers, WFBNA, SCUSA and MAFS agree as follows: 
 1. Defined Terms. Capitalized terms used and not
otherwise defined in this Joinder have the same meaning or meanings given to them in the Credit Agreement. 
 2. Joinder as
Borrower. The Additional Borrower, by its signature below, assumes and agrees to be bound by all of the terms, covenants, representations, warranties and conditions of the Loan Agreement, Notes and other Loan Documents, jointly and severally
with the other Persons comprising the Borrowers, and assumes and agrees to be bound thereby as a “Borrower” as if the Additional Borrower had originally executed the Loan Documents. Borrowers, WFBNA, SCUSA and MAFS agree that Additional
Borrower shall be deemed a “Borrower” under the Loan Agreement and all other Loan Documents. Each reference to a “Borrower” or “Borrowers” in the Loan Documents shall be deemed to include the Additional Borrower.

 3. Representations and Warranties. The Additional Borrower hereby represents and
warrants to the Agent and the Lenders that (a) this Joinder has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, (b) the
representations and warranties of the Borrowers set forth in the Loan Agreement and the other Loan Documents (if any) are true and correct representations and warranties of the Additional Borrower on and as of the date hereof except to the extent a
representation and warranty expressly relates solely to a specific date, in which case such representation and warranty is true and correct on such date, and (c) it has reviewed and approved of copies of the Notes, Loan Agreement and Loan
Documents related thereto and described therein. The Additional Borrower agrees to execute and deliver such additional documents as Required Lenders may reasonably require including with respect to Liens securing the Obligations. 

4. Consent and Acceptance. The Borrowers, Agent and the Lenders hereby consent to the joinder of the Additional Borrower and the
assumption of the Loan Documents by the Additional Borrower and agree and acknowledge that after the date of this Joinder, the Additional Borrower shall be a “Borrower” for all purposes of the Loan Documents. Additional Borrower shall be a
co-obligor/co-borrower with the Borrowers with respect to Loan Agreement, Notes and other Loan Documents, and shall be jointly and severally liable with the Borrowers for repayment of the Inventory Facility and the Obligations thereunder. Nothing
herein shall be construed to or shall release any Borrower from its obligations to repay the Notes or perform its obligations under the Loan Documents. 
 5. Reaffirmation. All of the terms, covenants and conditions of the Loan Agreement, Notes and other Loan Documents, are hereby ratified, reaffirmed and confirmed and shall continue in full
force and effect, except as amended hereby, as therein written and are not intended to be re-enacted as of the above date, but rather to be effective as of the original date of such documents. 

6. Incorporation of Loan Documents. All of the terms, covenants and conditions of the Loan Documents are incorporated in this
Joinder as if set forth in full herein. 
 7. Update of Exhibit 8.1(S). Pursuant to Section 10.21 of the Loan
Agreement, attached is an updated Exhibit 8.1(S) to the Loan Agreement reflecting the addition of the Additional Borrower. 
 8. Acknowledgement. Pursuant to Section 10.21 of the Loan Agreement, the Borrowers provided notice of the formation of the Additional Borrower within the required timeframe set forth in the
Loan Agreement. The parties hereto acknowledge and agree that the Agent in its sole discretion, as permitted under Section 10.21 of the Loan Agreement, extended the time period set forth in Section 10.21 of the Loan Agreement for the
execution of this Joinder and the other required documentation. 
 9. Counterparts. This Joinder may be executed in any
number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

  
 2 

 10. Binding Effect. This Joinder shall be binding upon and inure to the benefit of
each of the parties hereto and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Joinder. 

11. Amendment and Waiver. No amendment of this Joinder, and no waiver of any one or more of the provisions hereof shall be
effective unless set forth in a writing and signed by the parties hereto. 
 12. Governing Law. This Agreement shall be
construed in accordance with and governed by the law of the State of New York, except as otherwise required by mandatory provisions of law and except to the extent that remedies provided by the laws of any jurisdiction other than the State of New
York are governed by the laws of such jurisdiction. 
 13. Headings. Section headings used herein are for convenience of
reference only, are not part of this Joinder and shall not affect the construction of, or be taken into consideration in interpreting, this Joinder. 
 [SIGNATURE PAGES FOLLOW] 

  
 3 

 IN WITNESS WHEREOF, this Joinder is executed as of the date first above written. 

 

					
	WELLS FARGO BANK, N.A., as Agent and Lead Lender
		
	By:	 	 /s/ Michael R. Burkitt

		 	Name:	 	Michael R. Burkitt
		 	Title:	 	Senior Vice President
	
	DRIVETIME AUTOMOTIVE GROUP, INC.
		
	By:	 	 /s/ Raymond Fidel

	Name:	 	Raymond Fidel
	Title:	 	President and CEO
	
	DRIVETIME CAR SALES COMPANY, LLC
		
	By:	 	 /s/ Raymond Fidel

	Name:	 	Raymond Fidel
	Title:	 	President
	
	DRIVETIME SALES AND FINANCE COMPANY, LLC
		
	By:	 	 /s/ Raymond Fidel

	Name:	 	Raymond Fidel
	Title:	 	President and CEO
	
	DRIVETIME OHIO COMPANY, LLC
		
	By:	 	 /s/ Raymond Fidel

	Name:	 	Raymond Fidel
	Title:	 	President and CEO
	
	CARVANA, LLC
		
	By:	 	 /s/ Ernie Garcia Jr.

	Name:	 	Ernie Garcia Jr.
	Title:	 	President

 EXHIBIT 8.1(S) 
 ACTIVE AND INACTIVE SUBSIDIARIES 
 Active Subsidiaries 

DriveTime Automotive Group, Inc. 

DriveTime Sales and Finance Company, LLC 

DriveTime Car Sales Company, LLC 
 Drake
Property & Casualty Insurance Co. 
 DriveTime Ohio Company, LLC 
 Carvana, LLC 
 DriveTime Sales and Finance Company, LLC 

DriveTime Car Sales Company, LLC 
 Drake
Property & Casualty Insurance Co. 
 DriveTime Ohio Company, LLC 
 Carvana, LLC 
 DriveTime Car Sales Company, LLC 

DriveTime Ohio Company, LLC 
 Carvana, LLC

 DriveTime Ohio Company, LLC 

None 
 Non-active Subsidiaries

 None

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