Document:

Exhibit

EXHIBIT 10.2

THIRD AMENDMENT TO 
THE SECOND AMENDED AND RESTATED SERIES 2010-6 SUPPLEMENT
This THIRD AMENDMENT TO THE SECOND AMENDED AND RESTATED SERIES 2010-6 SUPPLEMENT (this “Amendment”), dated as of November 17, 2016 amends the Second Amended and Restated Series 2010-6 Supplement (as amended prior to the date hereof, the “Series 2010-6 Supplement”), dated as of November 5, 2013, among AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC, a special purpose limited liability company established under the laws of Delaware (“ABRCF”), AVIS BUDGET CAR RENTAL, LLC, a limited liability company established under the laws of Delaware, as administrator (the “Administrator”), JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent (the “Administrative Agent”), the several banks set forth on Schedule I thereto as Non-Conduit Purchasers (each, a “Non-Conduit Purchaser”), the several commercial paper conduits listed     on Schedule I thereto (each a “CP Conduit Purchaser”), the several banks set forth opposite the name of each CP Conduit Purchaser on Schedule I thereto (each an “APA Bank” with respect to such CP Conduit Purchaser), the several agent banks set forth opposite the name of each CP Conduit Purchaser on Schedule I thereto (each a “Funding Agent” with respect to such CP Conduit Purchaser), THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as trustee (in such capacity, the “Trustee”) and as agent for the benefit of the Series 2010-6 Noteholders (in such capacity, the “Series 2010-6 Agent”), to the Second Amended and Restated Base Indenture, dated as of June 3, 2004, between ABRCF and the Trustee (as amended, modified or supplemented from time to time, exclusive of Supplements creating a new Series of Notes, the “Base Indenture”).  All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided therefor in the Definitions List attached as Schedule I to the Base Indenture (as amended through the date hereof) or the Series 2010-6 Supplement, as applicable.
W I T N E S S E T H:
WHEREAS, pursuant to Section 12.2 of the Base Indenture, any Supplement thereto may be amended with the consent of ABRCF, the Trustee, any applicable Enhancement Provider and (x) in connection with the extension of the due date for any repayment of principal of any Note and (y) in connection with certain other amendments, the Required Noteholders of a Series of Notes;
WHEREAS, pursuant to Section 11.11 of the Series 2010-6 Supplement, (x) the Series 2010-6 Supplement may be amended in accordance with Section 12.2 of the Base Indenture and (y) the requirement contained in Section 12.2 of the Base Indenture for consent by the Required Noteholders to the amendment of the Series 2010-6 Supplement shall be satisfied upon attaining the consent of the Requisite Noteholders;
WHEREAS, the parties desire to amend the Series 2010-6 Supplement to, among other things, (w) extend the Scheduled Expiration Date, (x) replace Schedule I thereto with a new Schedule I in the form of Schedule A to this Amendment, (y) make certain changes to comply with the Bail-In Legislation (as defined herein) and (z) add certain other provisions regarding Anti-Corruption Laws and Sanctions (each as defined herein); 

WHEREAS, ABRCF has requested the Trustee, the Series 2010-6 Agent, the Administrator, the Administrative Agent and the Series 2010-6 Noteholders to, and, upon the effectiveness of this Amendment, ABRCF, the Trustee, the Series 2010-6 Agent, the Administrator, the Administrative Agent and each Series 2010-6 Noteholder have agreed to, make the amendments described above as set forth herein;
NOW, THEREFORE, it is agreed: 
1.Amendment of Definitions.  (a)  The following defined terms, as set forth in Article I(b) of the Series 2010-6 Supplement, are hereby amended and restated as follows, (i) by deleting each term thereof which is lined out and (ii) by inserting each term thereof which is double underlined: 
“Non-Deferrable Draw Amount” means, with respect to any Purchaser Group as of any Increase Date, an amount equal to the lesser of (i) the excess, if any, of (x) 10% 20% of the Maximum Purchaser Group Invested Amount with respect to such Purchaser Group over (y) the portion of any Increase Amounts funded by such Purchaser Group during the preceding thirty-five (35) days pursuant to a Non-Deferrable Increase Notice or, to the extent of any decrease pursuant to Section 2.3(e) in the Delayed Amount set forth in a Delayed Funding Notice delivered by such Purchaser Group, a Deferrable Increase Notice and (ii) the excess, if any, of (x) the Maximum Purchaser Group Invested Amount with respect to such Purchaser Group over (y) the sum of (1) the Purchaser Group Invested Amount with respect to such Purchaser Group and (2) any unfunded Delayed Amounts with respect to such Purchaser Group, in each case as of such Increase Date.
“Scheduled Expiry Date” means, with respect to any Purchaser Group, November 30, 2018 2017, as such date may be extended in accordance with Section 2.6(b).
(b)    Article (I)(b) of the Series 2010-6 Supplement is hereby amended by inserting the following defined terms in the appropriate alphabetical order:

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to ABCR or its Affiliates from time to time concerning or relating to bribery or corruption.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
 “EEA Financial Institution” means (a) any institution established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) 

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any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.
“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority.
“Sanctioned Country” means at any time, a country, region or territory which is itself the subject or target of any Sanctions (including, as of November 17, 2016, Crimea, Cuba, Iran, North Korea, Sudan and Syria).
“Sanctioned Person” means at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
2.Amendment to Article XI.  Article XI of the Series 2010-6 Supplement is hereby amended by adding the following Section 11.27 thereto: 

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Section 11.27.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in this Supplement, any other Related Document or in any other agreement, arrangement or understanding among the parties hereto or any other such parties to the Related Documents, each party hereto acknowledges that any liability of any EEA Financial Institution arising under this Supplement or any other Related Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b) the effects of any Bail-In Action on any such liability, including, if applicable:
(i) a reduction in full or in part or cancellation of any such liability;
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Supplement or any other Related Document; or 
(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority.
3.Amendment to Article VIII. (a) Section 8.1 of the Series 2010-6 Supplement is hereby amended by adding the following clause (e) thereto:
(e)    The Administrator hereby represents and warrants to the Trustee, the Administrative Agent, each Funding Agent, each CP Conduit Purchaser, each APA Bank and each Non-Conduit Purchaser that it has implemented and maintains in effect policies and procedures designed to ensure compliance by the Administrator, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Administrator, its Subsidiaries and their respective officers and directors and to the knowledge of the Administrator its employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in the Administrator or any of its Subsidiaries being designated as a Sanctioned Person. None of the Administrator, any Subsidiary or any of their respective directors, officers or employees is a Sanctioned Person. No use of proceeds of any Increase will directly or, knowingly, indirectly violate Anti-Corruption Laws or applicable Sanctions.

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(b) Section 8.2 of the Series 2010-6 Supplement is hereby amended by (i) deleting the period at the end of clause (n) thereof and inserting “; and” in lieu thereof and (ii) adding the following clause (o) thereto:

(o)    they will maintain in effect and enforce policies and procedures designed to ensure compliance by the Administrator, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.

4.Amendment of Schedule I.  Schedule I of the Series 2010-6 Supplement is hereby deleted in its entirety and substituted with Schedule I, as it appears in Schedule A hereto. 
5.Direction.  By their signatures hereto, each of the undersigned (excluding The Bank of New York Mellon Trust Company, N.A., in its capacity as Trustee and Series 2010-6 Agent) hereby authorize and direct the Trustee and Series 2010-6 Agent to execute this Amendment and take any and all further action necessary or appropriate to give effect to the transaction contemplated hereby.
6.This Amendment is limited as specified and, except as expressly stated herein, shall not constitute a modification, acceptance or waiver of any other provision of the Series 2010-6 Supplement.
7.This Amendment shall become effective on the date (the “2016 Extension Amendment Effective Date”) that is the later of (a) the date hereof or (b) the first date on which each of the following have occurred:  (i) each of ABRCF, the Administrator, the Administrative Agent and each Series 2010-6 Noteholder shall have executed and delivered this Amendment to the Trustee, and the Trustee shall have executed this Amendment, (ii) each Non-Conduit Purchaser and each Funding Agent shall have received a copy of a letter, in form and substance satisfactory to such Non-Conduit Purchaser and Funding Agent, from DBRS, and ABRCF and the Trustee shall have received a copy of a letter from Moody’s, in each case stating that this Amendment to the Series 2010-6 Supplement will not result in a reduction or withdrawal of the rating (in effect immediately before the effectiveness of this Amendment) of any outstanding Series of Notes with respect to which it is a Rating Agency (including with respect to the Series 2010-6 Notes), (iii) each Funding Agent shall have received a letter, in form and substance satisfactory to such Funding Agent, from each of Moody’s, Standard & Poor’s and/or Fitch, as applicable, confirming the commercial paper rating of the related CP Conduit Purchaser after the effectiveness of this Amendment, (iv) all certificates and opinions of counsel required under the Base Indenture or by the Series 2010-6 Noteholders shall have been delivered to the Trustee and the Series 2010-6 Noteholders, as applicable, (v) the Administrative Agent shall have received, to the extent reasonably requested by the Administrative Agent (or by any Funding Agent or Non-Conduit Purchaser through the Administrative Agent) from the Administrator, all documentation and other information about ABRCF and its Affiliates required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, (vi) ABRCF shall have issued and directed the Trustee to authenticate, and the Trustee shall have authenticated, a Series 2010-6 Note in the name of the Funding Agent with respect to the Additional Purchaser Group in an amount equal to the Maximum Purchaser Group Invested Amount with respect to such Purchaser 

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Group (after giving effect to the effectiveness of this Amendment), and shall have delivered such Series 2010-6 Note to such Funding Agent, (vii) the first amendment to the Series 2015-3 Supplement shall have been executed and delivered by the parties thereto and all conditions precedent to the effectiveness thereof shall have been satisfied or waived, (viii) each Purchaser Group shall have been paid all amounts due to it pursuant to Section 9 hereof and (ix) the Administrative Agent and each Purchaser Group shall have received payment of any fees payable to it in connection with this Amendment. 
8.Pursuant to Section 2.6(e) of the Series 2010-6 Supplement, ABRCF hereby adds Barton Capital S.A. as an Additional CP Conduit Purchaser and Societe Generale as the Related Additional APA Bank (together, the “Additional Purchaser Group”) and the related Additional Funding Agent, with the applicable Maximum Purchaser Group Invested Amount set forth on Schedule A to this Amendment.  The Purchaser Group Addition Date with respect to such additions shall be the 2016 Extension Amendment Effective Date.  By its execution hereof, (x) the Administrative Agent consents to such additions and (y) the Administrative Agent and each other Purchaser Group waive any advance notice requirement pursuant to Section 2.6(e) of the Series 2010-6 Supplement in connection with such additions. The administrative information with respect to such additional Purchaser Group is set forth on Schedule B hereto.
9.On the 2016 Extension Amendment Effective Date, each Non-Conduit Purchaser and each CP Conduit Purchaser and the Funding Agent and the APA Banks with respect to such CP Conduit Purchaser shall be deemed hereby to make or accept, as applicable, an assignment and assumption of a portion of the Series 2010-6 Invested Amount, as directed by the Administrative Agent, with the result being that after giving effect thereto, the Purchaser Group Invested Amount with respect to each such Purchaser Group shall equal the product of (x) Series 2010-6 Invested Amount on the 2016 Extension Amendment Effective Date and (y) the Commitment Percentage of such Purchaser Group on the 2016 Extension Amendment Effective Date after giving effect to the effectiveness of this Amendment and the changes in the Maximum Purchaser Group Invested Amounts made hereby and in furtherance hereof.  No Purchaser Group shall be required to make any assignment of any portion of its Purchaser Group Invested Amount unless such assigning Purchaser Group shall receive in cash an amount equal to the reduction in its Purchaser Group Invested Amount.
10.From and after the 2016 Extension Amendment Effective Date, all references to the Series 2010-6 Supplement shall be deemed to be references to the Series 2010-6 Supplement as amended hereby.
11.This Amendment may be executed in separate counterparts by the parties hereto, each of which when so executed and delivered shall be an original but all of which shall together constitute one and the same instrument.
12.THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

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EXHIBIT 10.2

SCHEDULE I TO SECOND AMENDED AND RESTATED SERIES 2010-6 SUPPLEMENT
CP Conduit Purchaser Groups
	
								
	 
	CP Conduit
	APA Bank
	Funding Agent
	APA Bank Percentage
	Maximum  
Purchaser Group  
Invested Amount
	Conduit Type
	Purchased 
Percentage

	1.    
	Liberty Street Funding LLC
	The Bank of Nova Scotia
	The Bank of Nova Scotia
	100%
	$200,000,000
	Pooled Funding Conduit Purchaser
	10.5263%

	2.    
	Chariot Funding LLC
	JPMorgan Chase Bank, N.A.
	JPMorgan Chase Bank, N.A.
	100%
	$300,000,000
	LIBOR Funding Conduit Purchaser
	15.7895%

	3.    
	Atlantic Asset Securitization LLC
	Credit Agricole Corporate and Investment Bank
	Credit Agricole Corporate and Investment Bank
	100%
	$200,000,000
	Pooled Funding Conduit Purchaser
	10.5263%

	4.    
	Versailles Assets LLC
	Versailles Assets LLC
	Natixis, New York Branch
	100%
	$100,000,000
	Pooled Funding Conduit Purchaser
	5.2632%

	5.    
	Victory Receivables Corporation
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	100%
	$150,000,000
	Pooled Funding Conduit Purchaser
	7.8947%

	6.    
	Fairway Finance Company, LLC
	Bank of Montreal
	BMO Capital Markets Corp.
	100%
	$125,000,000
	Pooled Funding Conduit Purchaser
	6.5789%

	
								
	 
	CP Conduit
	APA Bank
	Funding Agent
	APA Bank Percentage
	Maximum  
Purchaser Group  
Invested Amount
	Conduit Type
	Purchased 
Percentage

	7.    
	Gresham Receivables (No. 28) Limited
	Gresham Receivables (No. 28) Limited
	Lloyds Bank plc
	100%
	$100,000,000
	Pooled Funding Conduit Purchaser
	5.2632%

	8.    
	Thunder Bay Funding, LLC
	Royal Bank of Canada
	Royal Bank of Canada
	100%
	$200,000,000
	Pooled Funding Conduit Purchaser
	10.5263%

	9.    
	Barton Capital S.A.
	Societe Generale
	Societe Generale
	100%
	$200,000,000
	Pooled Funding Conduit Purchaser
	10.5263%

Non-Conduit Purchasers

	
				
	 
	Non-Conduit Purchaser
	Maximum Purchaser Group Invested Amount
	Purchased Percentage

	1.    
	Bank of America, National Association
	$200,000,000
	10.5263%

	2.    
	SunTrust Bank
	$125,000,000
	6.5789%

ADMINISTRATIVE INFORMATION FOR ADDITIONAL PURCHASER GROUP

Contact Information
Societe Generale
500 West Jackson Blvd
Suite 500
Chicago, Illinois 60661 
Attention:  Martin Finan, Managing Director 
                  Robert Paschke, Funding Manager 
Email: US-SEC-BARTON@SGCIB.COM 
Telecopier: 312-894-6255

Account Information

Societe Generale – New York
Account Name: Barton DDA 
ABA No.: 026-004-226 
Account Number: 00197491 
Reference: Barton Capital / AVIS – SERIES 2010-6 VFN 

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

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

	
				
	 
	 
	 
	AVIS BUDGET RENTAL CAR FUNDING
(AESOP) LLC, as Issuer

	 
	 
	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Rochelle Tarlowe

	 
	Name:
	Rochelle Tarlowe

	 
	Title:
	Senior Vice President and Treasurer

	 
	 
	 

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	THE BANK OF NEW YORK MELLON 
    TRUST COMPANY, N.A., as Trustee and
    Series 2010-6 Agent

	 
	 
	 
	 

	 
	 
	 
	 

	 
	By:
	 
	/s/ Michelle L. Brumwell

	 
	Name:
	Michelle L. Brumwell

	 
	Title:
	Vice President  

        

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	JPMORGAN CHASE BANK, N.A., as

	 
	 
	 
	   Administrative Agent

	 
	 
	 
	 

	 
	By:
	 
	/s/ Adam J. Kimek

	 
	Name:
	Adam J. Kimek

	 
	Title:
	Executive Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

AGREED, ACKNOWLEDGED AND CONSENTED:

	
				
	 
	 
	 
	LIBERTY STREET FUNDING LLC,
   as a CP Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Jill A. Russo

	 
	Name:
	Jill A. Russo

	 
	Title:
	Vice President  

	
				
	 
	 
	 
	THE BANK OF NOVA SCOTIA
   as a Funding Agent and an APA Bank         under the Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Diane Emanuel

	 
	Name:
	Diane Emanuel

	

	Title:
	Managing Director

	 
	 
	 

	

	 
	 
	BARTON CAPITAL S.A.,
   as a CP Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Martin J. Finan

	 
	Name:
	Martin J. Finan

	 
	Title:
	Managing Director

	 
	 
	 

	 
	 
	 
	SOCIETE GENERALE,
   as a Funding Agent and an APA Bank      under the Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Martin J. Finan

	 
	Name:
	Martin J. Finan

	 
	Title:
	Managing Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	CHARIOT FUNDING LLC,
   as a CP Conduit Purchaser under the Series
   2010-16 Supplement

	 
	

	 
	JPMorgan Chase Bank, N.A., its attorney-in-fact

	 
	By:
	 
	/s/ Adam J. Kimek

	 
	Name:
	Adam J. Kimek

	 
	Title:
	Executive Director

	 
	 
	 
	JPMORGAN CHASE BANK, N.A.
   as a Funding Agent under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Adam J. Kimek

	 
	Name:
	Adam J. Kimek

	 
	Title:
	Executive Director

	
				
	 
	 
	 
	JPMORGAN CHASE BANK, N.A.
   as an APA Bank under the Series 2010-6 
   Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Adam J. Kimek

	 
	Name:
	Adam J. Kimek

	 
	Title:
	Executive Director

 

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	ATLANTIC ASSET SECURITIZATION LLC,
   as a CP Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Sam Pilcer

	 
	Name:
	Sam Pilcer

	 
	 
	 

	 
	Title:
	Managing Director

	 
	By:
	 
	/s/ Roger Klepper

	 
	Name:
	Roger Klepper

	 
	Title:
	Managing Director

	
				
	 
	 
	 
	CREDIT AGRICOLE CORPORATE AND 
   INVESTMENT BANK,
   as a Funding Agent and an APA Bank under    
   the Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Sam Pilcer

	 
	Name:
	Sam Pilcer

	 
	Title:
	Managing Director

	 
	 
	 

	 
	By:
	 
	/s/ Roger Klepper

	 
	Name:
	Roger Klepper

	 
	Title:
	Managing Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,
   as a Non-Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Nina C. Austin

	 
	Name:
	Nina C. Austin

	 
	Title:
	Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	THUNDER BAY FUNDING, LLC,
   as a CP Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	Royal Bank of Canada, as

	 
	 
	   Attorney-in-fact

	 
	 
	 

	 
	By:
	 
	/s/ Kevin P. Wilson

	 
	Name:
	Kevin P. Wilson

	 
	Title:
	Authorized Signatory

	
				
	 
	 
	 
	ROYAL BANK OF CANADA,
   as a Funding Agent and an APA Bank under 
   the Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Kevin P. Wilson

	 
	Name:
	Kevin P. Wilson

	 
	Title:
	Authorized  Signatory

	 
	 
	 

	 
	By:
	 
	/s/ Austin J. Meler

	 
	Name:
	Austin J. Meler

	 
	Title:
	Authorized Signatory

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	VERSAILLES ASSETS LLC,
   as a CP Conduit Purchaser and an APA Bank   
   under the Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	Global Securitization Services, LLC its Manager

	 
	 
	 

	 
	By:
	 
	/s/ Bernard J. Angelo

	 
	Name:
	Bernard J. Angelo

	 
	Title:
	Senior Vice President

	
				
	 
	 
	 
	NATIXIS, NEW YORK BRANCH,
   as a Funding Agent under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Terrance Gregersen

	 
	Name:
	Terrence Gregersen

	 
	Title:
	Executive Director

	 
	 
	 

	 
	By:
	 
	/s/ Michael R. Sierko

	 
	Name:
	Michael R. Sierko

	 
	Title:
	Managing Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	VICTORY RECEIVABLES CORPORATION,
   as a CP Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ David V. DeAngelis

	 
	Name:
	David V. DeAngelis

	 
	Title:
	Vice President

	 
	 
	 

	 
	 
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD,
   as a Funding Agent under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Nicolas Mounier

	 
	Name:
	Nicolas Mounier

	 
	Title:
	Director

	 
	 
	 

	 
	 
	 

	 
	 
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
   as an APA Bank under the 
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Nicolas Mounier

	 
	Name:
	Nicolas Mounier

	 
	Title:
	Director

	
					
	

	 
	 
	SUNTRUST BANK,
   as a Non-Conduit Purchaser under the Series
   2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ David Hufnagel

	 
	Name:
	David Hufnagel

	 
	Title:
	Vice President

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	BANK OF MONTREAL,
   as an APA Bank under the
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Christopher L. Clark

	 
	Name:
	Christopher L. Clark

	 
	Title:
	Vice President

	
				
	 
	 
	 
	FAIRWAY FINANCE COMPANY, LLC,
   as a CP Conduit Purchaser under the 
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Lori Gebron

	 
	Name:
	Lori Gebron

	 
	Title:
	Vice President  

	
				
	 
	 
	 
	BMO CAPITAL MARKETS CORP.,
   as a Funding Agent under the
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ John Pappano

	 
	Name:
	John Pappano

	 
	Title:
	Managing Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	GRESHAM RECEIVABLES (NO. 28) LIMITED,
   as an APA Bank under the
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Ariel Pinel

	 
	Name:
	Ariel Pinel

	 
	Title:
	Director

	
				
	 
	 
	 
	GRESHAM RECEIVABLES (NO. 28) LIMITED,
   as a CP Conduit Purchaser under the
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Ariel Pinel

	 
	Name:
	Ariel Pinel

	 
	Title:
	Director

	
				
	 
	 
	 
	LLOYDS BANK PLC,
   as a Funding Agent under the
   Series 2010-6 Supplement

	 
	 
	 
	 

	 
	By:
	 
	/s/ Jonathan Ferris

	 
	Name:
	Jonathan Ferris

	 
	Title:
	Director

Signature Page to Third Amendment to the Second A&R Series 2010-6 Supplement

	
				
	 
	 
	 
	AVIS BUDGET CAR RENTAL, LLC,
   as Administrator

	 
	 
	 
	 

	 
	By:
	 
	/s/ Rochelle Tarlowe

	 
	Name:
	Rochelle Tarlowe

	 
	Title:
	Senior Vice President and Treasurer

Signature Page to Third Amendment to the Second A&R Series 2010-6 SupplementExhibit 4.1

 

NUMBER SHARES FULLY PAID AND
NON-ASSESSABLE SHARES OF THE COMMON STOCK OF Leucadia National Corporation,
transferable on the books of the Corporation in person or by duly authorized
attorney upon surrender of this certificate properly endorsed. The holder hereof
by accepting this certificate expressly assents to and is bound by the
Certificate of Incorporation and the By-Laws of the Corporation, copies of which
are on file with the Transfer Agent. This certificate is not valid until
countersigned by the Transfer Agent and registered by the Registrar. the seal of
the Corporation and the signatures of its duly authorized officers. Dated:
LEUCADIA NATIONAL CORPORATION ©SECURITY-COLUMBIAN UNITED STATES BANKNOTE COMPANY
Countersigned and Registered: AMERICAN STOCK TRANSFER & TRuST COMPANY, LLC
(Brooklyn, NY) Transfer Agent and Registrar By Authorized Officer THE TRANSFER
OF THE SECURITIES REPRESENTED HEREBY IS SUBJECT TO RESTRICTIONS PURSUANT TO PART
III OF ARTICLE FOURTH OF THE CERTIFICATE OF INCORPORATION OF LEUCADIA NATIONAL
CORPORATION REPRINTED IN ITS ENTIRETY ON THE BACK OF THIS CERTIFICATE. CUSIP
527288 10 4 NY SECRETARY CHAIRMAN SEE REVERSE FOR CERTAIN DEFINITIONS ABnote
North America 711 ARMSTRONG LANE COLUMBIA, TENNESSEE 38401 (931) 388-3003 SALES:
HOLLY GRONER 931-490-7660 PROOF OF: FEBRUARY 27, 2013 LEUCADIA NATIONAL
CORPORATION WO-y6586 FACE OPERATOR: DKS REV. 1 Colors Selected for Printing:
Intaglio Prints in SC1-4 Dark Red and Black. PLEASE INITIAL THE APPROPRIATE
SELECTION FOR THIS PROOF: OK AS IS OK WITH CHANGES MAKE CHANGES AND SEND ANOTHER
PROOF COLOR: This proof was printed from a digital file or artwork on a graphics
quality, color laser printer. It is a good representation of the color as it
will appear on the final product. However, it is not an exact color rendition,
and the final printed product may appear slightly different from the proof due
to the difference between the dyes and printing ink.

    	 

    	 

    

LEUCADIA
NATIONAL CORPORATION

 

The
Corporation will furnish to any shareholder upon request and without charge, a
full statement of (i) the designation, relative rights, preferences and
limitations of the shares of (a) each class of the Corporation authorized to be
issued and (b) each series of Preferred Stock of the Corporation so far as the
same have been fixed and (ii) the authority of the Board of Directors of the
Corporation to designate and fix the relative rights, preferences and
limitations of other series of Preferred Stock of the Corporation. Such request
may be directed to the office of the Secretary of the Corporation or to the
Transfer Agent.

 

The
following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

 

	TEN
      COM	—	as
      tenants in common	UNIF
      GIFT MIN ACT –	 	Custodian	 
	TEN
      ENT	—	as
      tenants by the entireties	 	(Cust)	 	(Minor)
	JT
    TEN	—	as
      joint tenants with right of	 	under Uniform Gifts to Minors
	 	 	survivorship
      and not as tenants	 	Act                                          
	 	 	in
      common	 	        (State) 	 

 

Additional
abbreviations may also be used though not in the above list.

 

For
value
received,                                          
 hereby sell, assign and transfer unto

 

	PLEASE
      INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE	 	 
	 	 	 

 

	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE,
      OF ASSIGNEE)
	 
	 
	 
	 	shares
	of the common
      stock represented by the within Certificate, and do hereby irrevocably
      constitute and appoint	 
	 	Attorney
	to transfer
      the said stock on the books of the within named Corporation with full
      power of substitution in the premises	 
	Dated 	 	 	 

 

	 	NOTICE:	THE
      SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
      THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
      ENLARGEMENT OR ANY CHANGE WHATEVER.

 

TRANSFER
RESTRICTIONS

 

(a)
Certain Definitions. As used in this Part III of Article FOURTH, the following
terms have the following respective meanings:

“Acquisition
Issuance” means any delivery, issuance, or grant of Corporation Securities by
the Corporation in connection with the acquisition, directly or indirectly, of
(i) a majority, by vote or value, of the capital stock, partnership interests,
membership interests, or other equity interests of another Person or (ii) all or
substantially all of the assets of another Person.

“Corporation
Securities” means (i) shares of common stock of the Corporation, (ii) shares of
preferred stock of the Corporation, (iii) warrants, rights, or options (within
the meaning of Treasury Regulation ss.1.382-2T(h)(4)(v)) to purchase stock of
the Corporation, and (iv) any other interests that would be treated as “stock”
of the Corporation pursuant to Treasury Regulation ss.1.382-2T(f)(18).

“Percentage
Stock Ownership” means percentage stock ownership as determined in accordance
with Treasury Regulation ss.1.382-2T(g), (h), (j), and (k).

“Five-Percent
Shareholder” means a Person or group of Persons that (i) is identified as a
“5-percent shareholder” of the Corporation pursuant to Treasury Regulation
ss.1.382-2T(g)(1) or (ii) would be treated, under Treasury Regulation
ss.1.382-2T(g), (h), (j), and (k), as owning 5% of the common stock of the
Corporation.

“Person”
means an individual, corporation, estate, trust, association, company,
partnership, joint venture or similar organization.

“Prohibited
Distributions” means any dividends or other distributions that were received
from the Corporation by a Purported Transferee or Purported Holder with respect
to Excess Securities.

“Prohibited
Transfer” means any purported Transfer of Corporation Securities to the extent
that such Transfer is prohibited and void under this Part III of Article
FOURTH.

“Restriction
Release Date” means the earlier of December 31, 2024, the repeal of Section 382
of the Internal Revenue Code of 1986, as amended (the “Code”) (and any
comparable successor provision) (“Section 382”), or the beginning of a taxable
year of the Corporation (or any successor thereof) to which no Tax Benefits may
be carried forward.

“Tax
Benefits” means the net operating loss carryovers, capital loss carryovers,
general business credit carryovers, alternative minimum tax credit carryovers
and foreign tax credit carryovers, as well as any “net unrealized built-in loss”
within the meaning of Section 382, of the Corporation or any direct or indirect
subsidiary thereof.

“Transfer”
means any direct or indirect sale, transfer, assignment, conveyance, pledge, or
other disposition. A Transfer also shall include the creation or grant of an
option (within the meaning of Treasury Regulation ss.1.382-2T(h)(4)(v)). A
Transfer shall not include an issuance or grant of Corporation Securities by the
Corporation.

“Treasury
Regulation ss.1.382-2T” means the temporary income tax regulations promulgated
under Section 382, and any successor regulations. References to any subsection
of such regulations include references to any successor subsection thereof.

(b)
Restrictions.

(i)
Any attempted Transfer of Corporation Securities prior to the Restriction
Release Date, or any attempted Transfer of Corporation Securities pursuant to an
agreement entered into prior to the Restriction Release Date, shall be
prohibited and void ab initio to the extent that, as a result of such Transfer
(or any series of Transfers of which such Transfer is a part), either (1) any
Person or group of Persons shall become a Five-Percent Shareholder, or (2) the
Percentage Stock Ownership interest in the Corporation of any Five-Percent
Shareholder shall be increased; provided, however, that nothing herein contained
shall preclude the settlement of any transaction entered into through the
facilities of the New York Stock Exchange, Inc. in the Corporation
Securities.

(ii)
If, as a result of an Acquisition Issuance prior to the Restriction Release
Date, any Person or group of Persons would become a Five-Percent Shareholder,
then, notwithstanding anything in the agreement governing the terms of the
relevant acquisition to the contrary, the Corporation shall not deliver to the
Person that would otherwise be entitled to receive the Corporation Securities in
such Acquisition Issuance (the “Purported Holder”) the minimum number of
Corporation Securities otherwise deliverable in the Acquisition Issuance such
that such Person or group of Persons shall not become a Five-Percent Shareholder
(“Excess Issued Securities”). Any and all such Excess Issued Securities shall
instead be delivered to the Agent for sale in accordance with paragraph (d)(ii)
of this Article FOURTH. Any attempted or purported delivery of Excess Issued
Securities in violation of this clause (ii) shall be void ab initio.

(c)
Certain Exceptions. The restrictions set forth in paragraph (b) of this Part III
of Article FOURTH shall not apply to (1) an attempted Transfer if the transferor
or the transferee obtains, or (2) a delivery of Excess Issued Securities if the
Purported Holder or the Corporation obtains, the approval of the Board of
Directors of the Corporation. Any such approval must expressly waive the
applicability of the restrictions set forth in this Part III of Article FOURTH.
As a condition to granting its approval, the Board of Directors may, in its
discretion, require an opinion of counsel selected by the Board of Directors
that the Transfer or delivery of Excess Issued Securities shall not result in
the application of any Section 382 limitation on the use of the Tax
Benefits.

(d)
Treatment of Excess Transferred Securities and Excess Issued Securities.

(i)
No employee or agent of the Corporation shall record any delivery of Excess
Issued Securities to a Purported Holder or any Prohibited Transfer, and the
Purported Holder and the purported transferee of such a Prohibited Transfer (the
“Purported Transferee”) shall not be recognized as a shareholder of the
Corporation for any purpose whatsoever in respect of the Excess Issued
Securities or the Corporation Securities which are the subject of the Prohibited
Transfer (the “Excess Transferred Securities”, and together with the Excess
Issued Securities, the “Excess Securities”). The Purported Transferee and the
Purported Holder shall not be entitled with respect to such Excess Securities to
any rights of shareholders of the Corporation, including without limitation, the
right to vote such Excess Securities and to receive dividends or distributions,
whether liquidating or otherwise, in respect thereof, if any. Once the Excess
Securities have been acquired in a Transfer that is not a Prohibited Transfer,
the Corporation Securities shall cease to be Excess Securities.

(ii)
If the Board of Directors determines that a Transfer of Corporation Securities
constitutes a Prohibited Transfer or that Excess Issued Securities have been
delivered to a Purported Holder, then, upon written demand by the Corporation,
the Purported Transferee or Purported Holder shall transfer or cause to be
transferred any certificate or other evidence of ownership of the Excess
Securities within the Purported Transferee's or Purported Holder’s possession or
control, together with any Prohibited Distributions, to an agent designated by
the Board of Directors (the “Agent”). The Agent shall promptly sell to a buyer
or buyers, which may include the Corporation, the Excess Securities transferred
to it pursuant to the preceding sentence or paragraph (b)(ii) of this Article
FOURTH, in one or more arm's-length transactions (over the New York Stock
Exchange, if possible); provided, however, that the Agent shall effect such sale
or sales in an orderly fashion and shall not be required to effect any such sale
within any specific time frame if, in the Agent's discretion, such sale or sales
would disrupt the market for the Corporation Securities or otherwise would
adversely affect the value of the Corporation Securities. If the Purported
Transferee or Purported Holder has sold the Excess Securities before receiving
the Corporation's demand to surrender the Excess Securities to the Agent, the
Purported Transferee or Purported Holder shall be deemed to have sold the Excess
Securities on behalf of the Agent, and shall be required to transfer to the
Agent any Prohibited Distributions and the proceeds of such sale, except to the
extent that the Agent grants written permission to the Purported Transferee or
Purported Holder to retain a portion of such Prohibited Distributions or sales
proceeds not exceeding the amount that the Purported Transferee or Purported
Holder would have received from the Agent pursuant to paragraph (d)(iii) of this
Article FOURTH if the Agent rather than the Purported Transferee or Purported
Holder had sold the Excess Securities.

(iii)
The Agent shall apply any proceeds of a sale by it of Excess Securities, and any
amounts received by the Agent from a Purported Transferee or Purported Holder
pursuant to paragraph (d)(ii) of this Article FOURTH, as follows: (1) first, in
the case of Excess Transferred Securities, such amounts shall be paid to the
Agent to the extent necessary to cover its costs and expenses incurred in
connection with its duties hereunder; (2) second, any remaining amounts shall be
paid to the Purported Transferee or Purported Holder, up to either (i) the
amount paid by the Purported Transferee for the Excess Securities, or (ii) the
fair market value, calculated on the basis of the closing market price for
Corporation Securities on the day before the Acquisition Issuance or attempted
Transfer, of the Excess Securities at the time of the Acquisition Issuance or
attempted Transfer to the Purported Transferee by gift, inheritance, or similar
Transfer, which amount or fair market value shall be determined in the
discretion of the Board of Directors; and (3) third, any remaining amounts,
subject to the limitations imposed by the following proviso, shall be paid to
the Leucadia Foundation; provided, however, that (x) if the Leucadia Foundation
shall have terminated prior to its receipt of such amounts, such remaining
amounts shall be paid to one or more organizations qualifying under Section
501(c)(3) of the Code (and any comparable successor provision) (“Section
501(c)(3)”) selected by the Board of Directors, and (y) to the extent that the
receipt of such amounts could result in the Leucadia Foundation or any other
organization qualifying under Section 501(c)(3) becoming a Five-Percent
Shareholder, then such remaining amounts may be paid to one or more other
organizations qualifying under Section 501(c)(3) selected by the Board of
Directors. The recourse of any Purported Transferee or Purported Holder in
respect of any Prohibited Transfer or delivery of Excess Issued Securities shall
be limited to the amount payable to the Purported Transferee or Purported Holder
pursuant to clause (2) of the preceding sentence. In no event shall the proceeds
of any sale of Excess Securities pursuant to this Part III of Article FOURTH
inure to the benefit of the Corporation.

(iv)
If the Purported Transferee or Purported Holder fails to surrender the Excess
Securities or the proceeds of a sale thereof to the Agent within thirty business
days from the date on which the Corporation makes a demand pursuant to paragraph
(d)(ii) of this Article, then the Corporation shall institute legal proceedings
to compel the surrender.

(v)
The Corporation shall make the demand described in paragraph (d)(ii) of this
Part III of Article FOURTH within thirty days of the date on which the Board of
Directors determines that the attempted Transfer would result in Excess
Transferred Securities or that a Purported Holder received Excess Issued
Securities; provided, however, that if the Corporation makes such demand at a
later date, the provisions of this Part III of Article FOURTH shall apply
nonetheless.

(e)
Bylaws, Legends, etc.

(i)
The Bylaws of the Corporation shall make appropriate provisions to effectuate
the requirements of this Part III of Article FOURTH.

(ii)
All certificates representing Corporation Securities issued after the
effectiveness of this Part III of Article FOURTH shall bear a conspicuous legend
as follows:

THE
TRANSFER OF THE SECURITIES REPRESENTED HEREBY IS SUBJECT TO RESTRICTIONS
PURSUANT TO PART III OF ARTICLE FOURTH OF THE CERTIFICATE OF INCORPORATION OF
LEUCADIA NATIONAL CORPORATION REPRINTED IN ITS ENTIRETY ON THE BACK OF THIS
CERTIFICATE.

(iii)
The Board of Directors of the Corporation shall have the power to determine all
matters necessary to determine compliance with this Part III of Article FOURTH,
including without limitation (1) whether a new Five-Percent Shareholder would be
required to be identified in certain circumstances, (2) whether a Transfer is a
Prohibited Transfer, (3) the Percentage Stock Ownership in the Corporation of
any Five-Percent Shareholder, (4) whether an instrument constitutes a
Corporation Security, (5) the amount or fair market value due to a Purported
Transferee or Purported Holder pursuant to clause (2) of paragraph (d)(iii) of
this Part III of Article FOURTH, (6) whether an issuance of Corporation
Securities is an Acquisition Issuance, (7) the number of Excess Issued
Securities with respect to any Purported Holder, and (8) any other matters which
the Board of Directors determines to be relevant; and the good faith
determination of the Board of Directors on such matters shall be conclusive and
binding for all the purposes of this Part III of Article FOURTH.

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