Document:

FIRST AMENDMENT TO

Exhibit 4

 

FIRST AMENDMENT TO

RESTATED CERTIFICATE AND AGREEMENT OF

LIMITED PARTNERSHIP

 

OF

 

REAL ESTATE ASSOCIATES LIMITED V, A CALIFORNIA LIMITED
PARTNERSHIP

 

This
First Amendment (the “First Amendment”) to the Restated
Certificate and Agreement of Limited Partnership of Real Estate Associates
Limited V, a California limited partnership (the “Partnership”),
is made and entered into as of June 15, 2010.

 

RECITALS:

 

WHEREAS,
the Partnership was formed on May 7, 1982;

 

WHEREAS,
the General Partners and the Limited Partners (sometimes collectively referred
to as the “Partners”) have entered into the Restated Certificate
and Agreement of Limited Partnership (the “Partnership
Agreement”);

 

WHEREAS,
in accordance with the terms of the Partnership Agreement, the Limited Partners
have approved the terms of this First Amendment; and

 

WHEREAS,
the Partners desire to amend the Partnership Agreement as set forth below.

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual promises
and covenants contained in this First Amendment, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
General Partners and the Limited Partners hereby agree as follows:

 

AGREEMENT:

 

1.
Section 9.3(d). Section 9.3(d) of the Partnership Agreement is
hereby amended and restated in its entirety to read as follows:

 

“the
Partnership will not sell any Project or Project Interest, except pursuant to
exempted sales to qualified tenant groups, if the cash proceeds would be less
than the taxes at the then maximum state and federal tax rates, and upon any
sales or refinancing the Partnership shall not reinvest any proceeds thereof
prior to distributing to the Partners from the proceeds sufficient cash to pay
the state and federal tax at the then maximum rates (and may distribute to the
Partners the balance of the proceeds), and in no event will the Partnership
reinvest such proceeds; provided, however, that the General Partners shall have
the right, in their sole and absolute discretion, to sell the last remaining
Project (or Project Interests related to the last remaining Project) without
complying with the terms and conditions set forth in this Section 9.3(d);” 

 

2.
Section 9.3(t). Section 9.3(t) of the Partnership Agreement is
hereby amended and restated in its entirety to read as follows:

 

“the
Partnership shall not sell all or substantially all of the Partnership’s assets
without obtaining the consent of Limited Partners owning a majority of the
outstanding Limited Partnership Interests; provided, however, that the General
Partners shall have the right, in their sole and absolute discretion, to sell
the last remaining Project (or Project Interests related to the last remaining
Project) without obtaining the consent of the Limited Partners.”

 

3. Full Force and Effect and Ratification.
Except as expressly set forth herein, all of the terms and provisions of the
Partnership Agreement shall remain unchanged, unmodified and in full force and
effect, and the Partnership Agreement shall be read together and construed with
this First Amendment. In the event of a conflict between the Partnership
Agreement and this First Amendment, the terms of this First Amendment shall
control. All of the terms and provisions of the Partnership Agreement, as herein
modified, are hereby ratified and reaffirmed.

 

4.
Further Acts. The General Partners are hereby authorized, on
behalf and in the name of the Partnership, to take such action as necessary or
advisable to effect this First Amendment.

 

5.
Capitalized Terms. Capitalized terms used but not otherwise
defined herein shall have the meaning ascribed to them in the Partnership
Agreement.

 

6.
Counterparts; Facsimile Signatures. This First Amendment may be
executed in several counterparts, and each counterpart shall be binding on all
parties hereto, notwithstanding that all of the parties are not signatory to an
original or same counterpart. This First Amendment may be executed by facsimile
signature.

 

7.
Governing Law. This First Amendment shall be governed by the laws
of the state of California, without regard to choice of law rules.

 

8.
Severability. The provisions of this First Amendment are
severable, and if any one clause or provision hereof shall be held invalid or
unenforceable in whole or in part, then such invalidity or unenforceability
shall affect only such clause or provision, or part thereof, and not any other
clause or provision of this First Amendment.

 

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

 

GENERAL
PARTNER: 

 

NATIONAL PARTNERSHIP INVESTMENTS CORP.,
  a California
corporation,
  its corporate general partner

 

By: /s/Peter
Stoughton                                                                  

Name: Peter
Stoughton                                                                  

Title: Senior Vice
President                                                           

 

 

LIMITED
PARTNERS: 

 

See
Real Estate Associates Limited V Consent Form, attached to the Consent
Solicitation, dated April 27, 2010.exhibit101.htm

Exhibit 10.1

Confidential

 

	
North American Fleet, Lease

& Remarketing Operations

	  	
16800 Executive Plaza Dr.

Regent Court Bldg., 6N-1A

Dearborn, MI 48126

 

 

	
 

	  	
July 15, 2010

 

To:  Mike Schmidt, Vice President – Fleet Services

       Avis Budget Car Rental, LLC

 Subject: Avis Budget Car Rental 2011 Model Year Program Letter

This Avis Budget Car Rental, LLC 2011 Model Year Program Letter (the "Program Letter") will confirm the agreement reached between Avis Budget Car Rental, LLC ("ABCR"), its affiliates and all entities it controls and Ford Motor Company ("Ford"), (the "Parties") pursuant to the 2008-2011 [REDACTED] (“Agreement”) regarding Acquisition of Ford Vehicles for the 2011 Acquisition Year (AY) by ABCR.  Ford's program is offered to meet competitive offers and promote the selection of 2011 model year Ford, Lincoln and Mercury products.  As agreed by both Parties, [REDACTED]in this Program.  Ford will work directly with [REDACTED].

This Program Letter is subject to the terms of the Agreement, and to the extent of any inconsistency between this Program Letter and the Agreement, the Agreement shall control.  Terms used in this Letter that are defined in the Agreement shall have the meaning set forth in the Agreement.  Other than those items specifically identified in this Program Letter, all terms and conditions announced in related communications from Ford to ABCR regarding Ford's 2011 Model Daily Rental Repurchase Program and Ford's 2011 Model Daily Rental Long Term Risk Program (the "Program Communications"), which are also subject to the Agreement, control.  Terms used in this letter that are defined in such Program Communications shall have the meaning set forth in the Program Communications.

Like Kind Exchange Notification

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

[REDACTED] Agreement

As outlined in paragraph [REDACTED]of the Agreement, it is agreed an [REDACTED] Agreement shall not apply for calendar year 2011.

 

  

1

  

Confidential

Purchase Volume & Timing

ABCR agrees to Acquire a Projected Annual Volume of [REDACTED] 2011 AY Ford Vehicles from the dealers of their choice in the United States.  ABCR agrees that for the 2011 Acquisition year only, notwithstanding any language to the contrary in the Agreement, this Projected Annual Volume of [REDACTED].  Ford agrees to make efforts to allocate a minimum of [REDACTED] 2011 AY Vehicles under the terms and conditions of Ford’s 2011 Model Daily Rental Repurchase Program and Ford’s 2011 Model Daily Rental Long Term Risk Program.  ABCR agrees to order a minimum [REDACTED] Vehicles from Ford for production prior to December 15, 2010.  Only if mutually agreed upon by the Parties, may a minimum amount different from [REDACTED] be ordered.  In consideration of annual purchase volume timing, Acquisition Year as defined in the Agreement may be ended prior to August 31, 2011 if mutually agreed by both parties.

ABCR agrees to acquire Ford Vehicles in the mix outlined on Attachment I “Program Volume” attached hereto and incorporated herein.

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

Payments

Payments to ABCR are described below and outline on Attachment II “Payment Summary” attached hereto and incorporated herein.

[REDACTED]:  The annual [REDACTED] will be a [REDACTED] plus the agreed upon [REDACTED] according to the Agreement.  This will be paid pursuant to the Agreement via EFT.  ABCR agrees that if by June 1, 2011 it fails to have all [REDACTED] orders submitted into the Ford System and if such orders are not purchased by August 31, 2011, ABCR shall repay to Ford [REDACTED] made by Ford during the period of December 1, 2010– June 1, 2011.

[REDACTED]:  Pursuant to the Agreement, the [REDACTED] will apply to all acquisitions of Ford vehicles (excluding hybrids) by ABCR exceeding [REDACTED] total volume.

[REDACTED] are eligible to receive [REDACTED] but total payment between [REDACTED] cannot exceed [REDACTED].

[REDACTED] as outlined on Attachment II “Payment Summary” attached hereto and incorporated herein.  This payment will be made through [REDACTED] following the sale date.  [REDACTED] when the Vehicles are returned.

Acquisition Year Definition and Order Timing:  The 2011 Acquisition Year (AY) is defined in the 2011 Model Daily Rental Repurchase Program and in the 2011 Model Long Term Rental Program and is detailed in Attachment VIII "Program Year Volume" attached hereto and incorporated herein.

 

 

  

2

  

Confidential

 

Risk Program

ABCR agrees to purchase [REDACTED] Ford Risk Vehicles in the 2011 AY as outlined on Attachment I “Program Volume” [REDACTED] subject to mutual consent of the Parties as to volume and mix.  Vehicle mix and incentives are outlined on Attachment I “Program Volume and on Attachment III "Risk Incentives" attached hereto and incorporated herein.  The enhanced portion of the Risk Incentives (the "Enhanced Incentive") is offered for specific models / specifications as outlined on Attachment III "Risk Incentives" attached hereto and incorporated herein.  If specific models/specifications are not ordered, the Risk Incentive will be reduced or eliminated.

The following early 2012 MY Vehicles will be offered as part of the 2011 AY: Focus, Mustang, Edge, and MKX.  [REDACTED] and are subject to incentive changes.  Incentives have not been determined on these 2012 models and ABCR has the option of ordering [REDACTED].

All Risk Vehicles must be ordered with Fleet Identification Number ("FIN") and option code 56K unless the Parties mutually agree [REDACTED].  Risk incentive payments will be made monthly through the automated competitive allowance payment system.  All Risk Vehicles, including the 2010 Explorer and the 2010 F150, [REDACTED] with the exception of any equipment changes or reconfigurations that affect the price.

Guaranteed Auction Value ("GAV") Program Description

Ford and ABCR agree that the terms and conditions of the GAV Program shall be the same as the terms and conditions set forth in the 2011 Model Daily Rental Repurchase Program as amended by this Program Letter, except as follows:

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

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

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

	
·  

	
[REDACTED] Days                                                [REDACTED]

	
·  

	
[REDACTED] Days                                                [REDACTED]

	
·  

	
[REDACTED] Days                                                [REDACTED]

 

 

 

  

3

  

Confidential

	
 

d.  

	
 

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

	
e.  

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

	
f.  

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

	
g.  

	
The Parties agree that this Program Letter amends the Ford 2011 Model Daily Rental Repurchase Program.  Except as specifically amended herein, all other terms and conditions in the 2011 Model Daily Rental Repurchase Program remain in effect.

GAV Program

ABCR agrees to purchase [REDACTED] Ford GAV Vehicles in the 2011 AY as outlined on Attachment I “Program Volume” unless [REDACTED], in which case the GAV volume [REDACTED].  As part of the ABCR GAV Program, Ford agrees to the below described enhancements to the announced 2011 Model Repurchase Program.  The ABCR Guaranteed Auction Value Program details are outlined on Attachment IV "GAV Program Detail” and Attachment V “GAV Rates” attached hereto and incorporated herein.

	

·  

	
[REDACTED]

	
·  

	
ABCR GAV volume will be ordered as 100% Days-In-Service Program 56Z (less any HI Vehicles 56G).

 

 

The following early 2012 MY Vehicles will be offered as part of the 2011 AY: Focus, Mustang, Edge, and MKX.  [REDACTED]

Days-In Service Program – Order Code 56Z (Overall Description)

	
·  

	
Changes to the 2011 Days-In-Service Program from the 2010 ABCR Program are summarized below, and the details are outlined on Attachment IV "GAV Program Detail" attached hereto and incorporated herein.  Rates are outlined on Attachment V "GAV Rates".  As detailed in the 2011 Model Daily Rental Repurchase Program (page 7), the Ford Mustang continues to be the only model that has a surcharge applied to the monthly depreciation rate based on the month of vehicle acceptance.  Once vehicles are delivered order code 56Z is not transferable to other programs.

 

 

 

  

4

  

Confidential

	
§  

	
[REDACTED] days – [REDACTED] days

[REDACTED]

	
§  

	
[REDACTED] days – [REDACTED] days

Econoline and Flex mileage [REDACTED]

	
§  

	
[REDACTED] days – [REDACTED]days

Econoline and Flex mileage [REDACTED]

	
§  

	
[REDACTED] days – [REDACTED] days ([REDACTED] months)

[REDACTED]

	
§  

	
[REDACTED] days – [REDACTED] days ([REDACTED] months)

[REDACTED]

[REDACTED] will assume all the same guidelines [REDACTED]including any associated surcharge based on acceptance date [REDACTED].

[REDACTED]

	
·  

	
[REDACTED]

	
·  

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

	
·  

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

	
·  

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

	
·  

	
[REDACTED] VINs must be submitted through Ford's fleet website after January 4, 2011.

	
·  

	
The [REDACTED] prior to the vehicle exceeding the Maximum-Out-of-Service-Date (MOSD).

	
·  

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

	
·  

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

Post Acceptance Chargeback

	
·  

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

Other Program Enhancements

Subject to Ford's agreement as to mix and return timing, Ford will [REDACTED] on the following [REDACTED].  ABCR must submit to Ford [REDACTED].

	
-  

	
 [REDACTED]

	
-  

	
 [REDACTED]

  

5

  

Confidential

 

Recap of 2011 AY Attachments

 

	
Attachment I

	  	
Program Volume

	 
	
Attachment II

	  	
Payment Summary

	 
	
Attachment III

	  	
Risk Incentives

	 
	
Attachment IV

	  	
GAV Program Detail

	 
	
Attachment V

	  	
GAV Rates

	 
	
Attachment VII

	  	
[REDACTED]

	 
	
Attachment VIII

	  	
Program Year Volume

	 

 

This rental program and all of the enhancements apply to the 2011 Program Year.  This Program Letter is subject to the terms of the Supply and Feature Agreement, contains the entire agreement between Ford and ABCR with respect to the subject matter hereof and supersedes any prior agreements and understandings, written or oral.  This Program Letter may only be changed by writing signed and delivered by the duly authorized representatives of ABCR and Ford.

Please concur by signing below signifying ABCR's acceptance of the 2011 Program Letter.  By executing this Annual Program Letter ABCR certifies that Ford's Fleet Program, including the [REDACTED].

Sincerely,

                       /s/ Susan Kizoff

  Susan Kizoff, Rental Manager

Agreed:

	  	
Avis Budget Car Rental, LLC

 

 

/s/ Mike Schmidt

	  	
  

 

 

8/12/10

	  
	  	
Mike Schmidt, Vice-President – Fleet Services

	  	
Date

	  

	  	
 

 

 

Ford Motor Company Concurrence:

 

 

/s/ Ken Czubay

	  	
  

 

 

 

 

 

8/3/10

	  
	  	
Ken Czubay, V.P. Sales & Marketing

	  	
Date

	  

  

  

CONFIDENTIAL

Attachment I

Ford Motor Company / Avis Budget Car Rental

2011 PROGRAM  VOLUME

 

	  	  	  	
VOLUME a/

	  	
Memo:

Cum Dec.

Delivery b/

	  
	  	  	  	  	  	  
	  	  	  	
Risk

	  	
Repurchase

	  	
Total

	  	  
	
Cars

	  	  	  	  	  	  	  	  	  	  
	
Fiesta

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Focus

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
 2012 Focus

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Fusion

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Milan

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Mustang Convertible

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
 2012 Mustang Coupe  a/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
 2012 Mustang Convertible a/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Taurus

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Grand Marquis

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Crown Victoria c/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Town Car

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
MKZ

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
MKS

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	  	  	  	  	  	  	  	  	  	  	  
	
Cross Overs

	  	  	  	  	  	  	  	  	  	  
	
Edge

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
 2012 Edge  a/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Flex

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
MKT

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	  	  	  	  	  	  	  	  	  	  	  
	
SUVs

	  	  	  	  	  	  	  	  	  	  
	
Escape

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Mariner

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Explorer 2010 d/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Explorer 2011 a/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
Expedition

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	  	  	  	  	  	  	  	  	  	  	  
	
Ford Trucks

	  	  	  	  	  	  	  	  	  	  
	
F150 Super Crew 2010 d/

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
F150 Super Crew 2011

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	
F250 Super Duty

	  	  	
 [REDACTED]

	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
Total

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  
	  	  	  	  	  	  	  	  	  	  	  

 

	
- - - - -

	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  
	
a/  Risk/Repurchase mix is subject to change based on the analysis of the risk incentive when offered on designated vehicles

	  	  	  	  	  	  	  	  	  	  	  	  	  
	
b/  Built no later than December 15, 2010

	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  
	
c/  Crown Victoria Rental package under development will begin production in January, 2011, terms TBD; Volume split between Risk and Repurchase as place holder, ABCR can determine split when incentives and rates are determined.

	  	  	  	  	  	  	  	  	  	  	  	  	  
	
d/ 2010 Explorers and F150's will be paid under the 2010 Programs

	  	  	  	  	  	  	  

  

  

  

CONFIDENTIAL

Attachment II

Ford Motor Company

2011 Program Year

Avis Budget Car Rental

PAYMENT SUMMARY

 

	  	  	  	  	
2011 Program Year

	 

	  	  	  	  	
Per Unit

	  	
Millions

	  	
Volume

	 
	
CONTRACTUAL PAYMENTS

	  	  	  	  	  	  	  	 
	  	
[REDACTED]a/

 

	  	  	  	  	  	  	  	 
	  	
    -  [REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 
	  	
    - [REDACTED] b/

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	  	 
	  	
[REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	  	 
	  	
[REDACTED] c/

 

	  	  	  	  	  	  	  	 
	  	
    - [REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 
	  	
[REDACTED] d/

 

	  	  	  	  	  	  	  	 
	  	
    -  [REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 
	  	
[REDACTED] e/

 

	  	  	  	  	  	  	  	 
	  	
    -  [REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 
	  	
    -  [REDACTED]

 

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 
	  	
    -  [REDACTED]

	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
[REDACTED]

	 

 

	
-------------------------------------------

	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	
a/

	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
b/

	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
c/

	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
d/

	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
e/

	
[REDACTED]

 

  

  

  

 

CONFIDENTIAL

Attachment III

 

Ford Motor Company

'2011 Program Year

Avis Budget Car Rental

Risk Incentives

Risk Payment Detail (Requires Order Code 56K)

	 	
11 Model Year Vehicles   & Minimum Specs

	  	
a/

National

Fleet

Incentive

	
+

 

	
b/

FIMPS

Enhanced

Incentive

	
+

 

	
c/

[REDACTED]

 

	
=

 

	
Risk

Incentive

	  	
d/

[REDACTED]

 

	
=

 

	
Total Value

Risk

Payment

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	  	  	  	
 [REDACTED]

	  	
 [REDACTED]

	  	
 [REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	

[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[

	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	  	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	  	  	  	  	  	  	  	  	  	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	  	  	  	  	  	  	  	  	  	  	  	  	  	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 
	 	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	 

 

	
a/

	
 [REDACTED]

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
b/

	
Incentive is based on minimum specifications.   Paid via FIMPs monthly.

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
c/

	
 2010 Explorer incentives will be paid through 2010 program [REDACTED]

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
d/

	
[REDACTED]

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
e/

	
[REDACTED]

 

  

  

  

CONFIDENTIAL

Attachment IV

Ford Motor Company / Avis Budget Car Rental

2011 Program Year

 

Guaranteed Auction Value (GAV)  PROGRAM DETAIL

 

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
DAYS-IN-SERVICE PROGRAM DETAILS

	  	  	
Memo:

	  	  
	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
In-Service & Ordering Requirements

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
s

	
Months-In-Service

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Days in Service

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
GAV Order Code

	  	
56Z

	  	
56Z

	  	
56Z

	  	
56Z

	  	  	  	  	
56G

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	
(The number of Days in Service will Determine Tier)

	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
Volume, Depreciation and Vehicle Lines

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Base Depreciation Rates

	  	
See Program Summary / Dep Rates

	  	
See Program Summary / Dep Rates

	  	
Tier 2 Rates

	  	
See Program Summary / Dep Rates

	  	  	  	  	
See Program Summary / Dep Rates

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Depreciation Return Surcharge b/

	  	
Mustang Only

	  	
Mustang Only

	  	
Mustang Only

	  	
Mustang Only

	  	  	  	  	
N/A

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Vehicle Line Availability

	  	
All repurchase vehicles except:   Focus, Fusion, Milan, MKS, MKX, Escape, Mariner,  Econoline Van, Hybrids

	  	
All repurchase vehicles except: Focus, Fusion, Milan, Hybrids

	  	
Same as Tier 2

	  	
All repurchase vehicles except:   Town Car, Econoline, Flex, Hybrids

	  	  	  	  	
All Repurchase Vehicles except Hybrids

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Volume % per Tier (of total repurchase)

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
4th Quarter Production (Sept-Dec) c/

	  	

[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Charge for Volume Deviations

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
Return Restrictions

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
No Acceptance Dates d/

	  	
Holidays and 12-23-10 through 1-03-11

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Max OSD 180 Day Extension e/

	  	
$15/day plus deprec.

	  	
$15/day plus deprec.

	  	
$15/day plus deprec.

	  	
$15/day plus deprec.

	  	  	  	  	
$15/day plus deprec.

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
Mileage

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Econoline Wagon / Flex

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
All Other Vehicles

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Excess Mileage Penalty

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
Non-Return Program

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	
Turn In Standards

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Shipping Costs

	  	
N/A

	  	
N/A

	  	
N/A

	  	
N/A

	  	  	  	  	
$200

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Hawaii f/

	  	
N/A

	  	
N/A

	  	
N/A

	  	
N/A

	  	  	  	  	
10 days

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Deductible

	  	
$500

	  	
$500

	  	
$500

	  	
$500

	  	  	  	  	
$500

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
Express Sign-Off

	  	
$100

	  	
$100

	  	
$100

	  	
$100

	  	  	  	  	
$100

	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	

s

	
All other standards and procedures provided in the 2011  Program Year Daily Rental Repurchase Program Announcement

	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

 

	
- - - - -

	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
a/

	
Minimum hold for E-Series is [REDACTED] months

	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
b/

	
Mustang return surcharge applies as outlined in 2011 Model Daily Rental Repurchase Program (page 7)

	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
c/

	
4th quarter production must be prioritized for production no later than December 15, 2010.

	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
d/

	
Refer to 2011 Model Daily Rental Repurchase Program (page 12) for a complete list of closed Auctions and Ramp dates

	  	  
	  	  	  	  	  	  	  	  	  	  	  
	
e/

	
To keep vehicles from rejecting, there is a 180 day extension past Max out of Service Date at $15 per day plus normal depreciation

	  	  	  	  	  	  	  	  	  	  	  
	
f/

	
The out-of-service date for Hawaii vehicles will be the date the vehicle is accepted at the designated marshalling area plus 10-days

 

 

 

  

  

  

CONFIDENTIAL

Ford Motor Company / Avis Budget Car Rental

Attachment V

2011 GAV RATES

	  	  	  	
 2011 GAV

 

	  
	  	  	  	  	  	
Mthly Depreciation Rates a/

	  	
Other

	  	  
	  	  	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	
[REDACTED]b/

	  	  	  
	  	
Cars

	  	  	  	  	  	  	  	  	  	  	  	  	 	
 

	  	  	  
	  	
Fiesta

	  	  	  	
 [REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Focus

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2012 Focus

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Fusion

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Milan  [REDACTED]

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Mustang Coupe c/

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Mustang Convertible c/

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2012 Mustang Coupe  c/

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2012 Mustang Convertible  c/

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Taurus

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Grand Marquis

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	
[REDACTED]

	  	  	  
	  	
Crown Victoria   d/

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	
[REDACTED]

	  	  	  
	  	
Town Car

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	
[REDACTED]

	  	  	  
	  	
MKZ

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
MKS

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
Cross Overs

	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
Edge

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2012 Edge

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2012 MKX

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Flex

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
SUVs

	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
Escape

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Mariner

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2010 Explorer

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
2011 Explorer

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Expedition

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Navigator

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
Ford Trucks

	  	  	  	  	  	  	  	  	  	  	  	  	 	  	  	  	  
	  	
2010  & 2011 F150 Super Crew

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Econoline Van

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	  	  	  	  
	  	
Econoline Wagon

	  	  	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	
[REDACTED]

	  	  	 	
[REDACTED]

	  	  	  

 

	
 - - - - -

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
a/  Mthly Depreciation rates do not include [REDACTED]

	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
b/  [REDACTED] on designated Repurchase Vehicles

	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
c/  Subject to additional depreciation charges depending on return acceptance date according to Mustang Return Surcharge.  See 2011 Rental Repurchase Program (page 7)

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
d/  Crown Victoria Rental Package under development; Rate not to exceed Grand Marquis

	  	  

  

  

 

 

CONFIDENTIAL

Attachment VI

Ford Motor Company

 

2011 Program Year

Avis Budget Car Rental

 

[REDACTED]

	
11 MY Eligible Vehicles   a/

	  	
[REDACTED] b/

	  	  	
Spec A

	
Model

	  	
Spec B

	
Model

	
Cars

	  	  	  	  	  	  
	
Fiesta

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
Focus

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
 2012 Focus

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
Fusion

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
Mustang Coupe

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Mustang Convertible

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
 2012 Mustang Coupe

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
 2012 Mustang Convertible

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Taurus

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
Grand Marquis

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Crown Victoria

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Town Car

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
MKZ

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
MKS

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	  	  	  	  	  	  	  
	
CROSS OVERS

	  	  	  	  	  	  
	  	  	  	  	  	  	  
	
Edge

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
 2012 Edge

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
MKX

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
 2012 MKX

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Flex

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	  	  	  	  	  	  	  
	
SUV's

	  	  	  	  	  	  
	
Escape

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
 2010 Explorer

	  	
[REDACTED]

	
[REDACTED]

	  	
[REDACTED]

	
[REDACTED]

	
Explorer

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Expedition & Expedition EL

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
Navigator & Navigator L

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	  	  	  	  	  	  	  
	
TRUCKS

	  	  	  	  	  	  
	  	  	  	  	  	  	  
	
F-Series  Super Crew

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
E-Series -- Wagon

	  	
[REDACTED]

	
[REDACTED]

	  	  	  
	
E-Series -- Van

	  	
[REDACTED]

	
[REDACTED]

	  	  	  

  

 

	
a/

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

	  	  	  	  	  	  	  	  
	
b/

	
 [REDACTED] for the early 2012 models will be determined at a later date

	  	  	  	  
	  	
 Vehicle is ineligible for [REDACTED] after MOSD

	  	  	  	  	  	  
	  	
[REDACTED] of any one vehicle line

	  	  	  	  	  	  

  

  

  

CONFIDENTIAL

Attachment VII

 

Ford Motor Company

 

2011 Program Year

Avis Budget Car Rental

 

PROGRAM YEAR VOLUME

	  	
A/

	
B/

	  	
ADJUSTMENTS

	
C/

	  	
Start Date

	
11's not in

	  	
1

	  	
2

	  	
TOTAL

	
FULL PROGRAM YEAR

	
Corporate*

	
weekly rpt

	
Base

	
DATE

	  	
DATE

	  	
VOLUME

	  	  	  	  	  	  	  	  	  
	
CARS

	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	
FIESTA

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
FOCUS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
FUSION

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MILAN

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MUSTANG COUPE

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MUSTANG CONV.

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
TAURUS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
GR MARQUIS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
CROWN VICTORIA

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
TOWN CAR

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MKZ

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MKS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
CROSSOVERS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
EDGE

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MKX

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
FLEX

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MKT

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
SUVS & TRUCKS

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
ESCAPE

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
MARINER

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
EXPLORER

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
EXPEDITION

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
NAVIGATOR

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
F-SERIES

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
ECONOLINE WAGON

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
OTHER

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
HEV's

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	
FUSION HEV

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	
ESCAPE HEV

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	  	  	
[REDACTED]

	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	
Grand Total

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	
[REDACTED]

	  	  	
[REDACTED]

	
[REDACTED]

 

 

 

	
NOTES:

	  	  	  	  	  	  	  	  
	
a/    All 2011 models are included from job 1 unless noted by start date

	
b/    Volume to add to Ford Weekly reports (ordered prior to 7/1/10)

	
c/    [REDACTED] not included

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]